Israeli Foundation Closes

The Yeshaya Horowitz Association, which predominately funds applied research projects in universities and hospitals in Israel, and had all their assets invested with Madoff has closed.

Bar-Ilan University appears to be one of their largest recipients with a $3 million gift in 2007 and an additional $3 million promised for this year. Hebrew University, Ben-Gurion University of the Negev and Sheba Medical Center at Tel Hashomer are also recipents of the Association’s funding.