from Bloomberg.com: Madoff Trustee Reports $220 Million Accord With Levy Family The liquidator for Bernard Madoff’s defunct business said the family of deceased New York real estate magnate Norman F. Levy agreed to pay $220 million to settle claims over its profit from the fraud. ... The Levys and their entities, including a charitable foundation, withdrew a total of $305 million more from Madoff’s firm than they deposited during the six … [Read more...] about Foundation Spared in Clawback Suit
Archives for January 2010
from Mashable: Why We're In the Age of the Citizen Philanthropist Last week marked the entry of everyone’s favorite geek, Bill Gates, into the social media realm. The Microsoft tycoon launched a website and Twitter stream to discuss his philanthropic efforts. Though pundits feel Gates hasn’t added much to the conversation yet, his entry encapsulates a larger trend - the rise of the citizen philanthropist. Empowered by social media, … [Read more...] about Coming Of Age: The Citizen Philanthropist
from U.S.A. Today: Recession may be behind rising ranks of volunteers More Americans, especially women, are giving their time and energy to good causes, a new government report says. From September 2008 to September 2009, 63.4 million Americans, 26.8% of the population, volunteered with organizations, according to the Bureau of Labor Statistics. That's 1.6 million more than the year before. Most of the growth can be attributed to … [Read more...] about Volunteering Is Up in the U.S.
from Haaretz: Some hoping new director will revert Young Judaea course to simpler times Expectations are high for the new leader of the largest gap year program in Israel, with some hoping he will reverse the expansionary path of Young Judaea Year Course's outgoing director. ... In recent months, Hadassah, which counts Young Judaea as its official youth movement, has made massive cuts to the organization's budget and was forced to sell … [Read more...] about Young Judaea’s Gap Year: Changing Direction?
by Peter Weidhorn Here in the Northeast, where I live, it’s cold and snowy. I look outside and I wonder whether I will have to shovel snow or if my car will start as the temperature once again plummets below freezing. But then I look at the calendar and I’m reminded that Tu Bish’vat - our Jewish celebration of rebirth and new growth - is right around the corner. There are those who would say that Tu Bish’vat loses some of its meaning in … [Read more...] about Tu Bish’vat as A Promise of Hope