The American Jewish Congress is apparently in settlement discussions with the court-appointed trustee in the Madoff bankruptcy case. In court documents filed yesterday, both the American Jewish Congress and Hadassah, the Women’s Zionist Organization of America, Inc., agreed to waive the December 11, 2010 deadline for the bankruptcy trustee to file suit in order to allow deals to be reached by the charities’ boards. Also yesterday, Hadassah's … [Read more...] about AJCongress to Settle with Madoff Trustee
Hadassah / Hadassah Foundation
Hadassah, the Women’s Zionist Organization of America, Inc., has agreed - subject to approval of the bankruptcy court - to pay $45 million in settlement of all claims related to the Madoff Ponzi scheme. Here's the official statement from Nancy Falchuk, Hadassah's president: Dear Friends, As we approach our Centennial, no one can doubt Hadassah’s success. We built the healthcare infrastructure and much of the educational foundation for the … [Read more...] about Hadassah Will Pay $45m. in Madoff Clawback
The JTA's Jacob Berkman writes, "According to several sources within the organization, Hadassah’s lawyers have been working with Picard on a settlement. They will present the settlement to Hadassah’s higher-ups at a meeting Wednesday evening in Chicago. And then the proposal will be brought to Hadassah’s board for approval Thursday." This should come as no surprise. Irving Picard, the court-appointed Madoff trustee, has until December 11th to … [Read more...] about Is Hadassah about to Take a $45m Hit?
5000 participants from around the world took part in yesterday's “Victory of Life” - Israel Race for the Cure. Under a sun-filled sky, young and old, female and male, they all came to support this first ever event here in Israel. Officially a race, all but a small handful of participants walked through central Jerusalem in order to raise money to fight breast cancer. Beginning in Jerusalem's Gan Sacher park, and concluding outside the Old City … [Read more...] about Walking for the Cure in Jerusalem
Susan G. Komen for the Cure® will be launching the Israel Breast Cancer Collaborative with activities in Israel this October. This initiative is a continuation of the organization's plan of action to work globally to discover and deliver the cures for breast cancer. The organization combines support for scientific research with funding for education, screening and treatment programs on a global scale. Susan G. Komen for the Cure has invested … [Read more...] about Komen Race for the Cure Launches in Israel