Hadassah Sells NYC Headquarters
from The Wall Street Journal:
Hadassah, the national Jewish women’s philanthropic organization, has sold its longtime Midtown headquarters as it undertakes an effort to reshape its image, sharpen its aim and recover from a costly entanglement with disgraced financier Bernard Madoff.
… The $71.5 million sale, set to be approved at a meeting next month, marks a turning point for the 100-year-old group.
… Now, leaders say they plan to confront other challenges: a mission that has grown diffuse and an image among many younger Jewish women that Hadassah is a musty pastime for suburban matrons.