Nicholas Kristoff writing in The New York Times: Madoff and America’s (poorer) Foundations Most of the discussion of the Bernard Madoff scandal has focused on the impoverished zillionaires who are now mere millionaires. Yet much of the money invested by Mr. Madoff was money destined for charities, and so the losers will include some good causes and truly disadvantaged people. A few private foundations have owned up to the money they’ve … [Read more...] about Private Foundations – Preliminary Estimates of Madoff Exposure
Jewish Philanthropy. Chronicled.
Brandeis University President Jehuda Reinharz remains committed to closing the school’s Rose Art Museum but has broached the possibility of keeping its $350-million collection, reports The Boston Globe. Meeting Wednesday with about 200 students, Mr. Reinharz said Brandeis might not need to sell the modern-art trove if its economic and philanthropic situation improves. “We have no particular mandate from the board of trustees as to when to … [Read more...] about Possible Backtrack by Brandeis
How can we envision our Imagined Community? Last week JInsider and The Jewish Week co-hosted a brainstorming session with top Jewish thinkers, activists and journalists. The focus of the conversation was to collectively design the potential of our Imagined Community. The blueprint below is a summary detailing priorities, barriers and possibilities discussed. First, two participants weigh in. Gary Rosenblatt in The New York Jewish … [Read more...] about Think Tank for the Jewish Future
Touching the world of Jewish philanthropy, here are a few items appearing on other Web sites you may find of interest. from The Jerusalem Post: US Jewish leader: Israel must take more financial responsibility US Jews expect Israel to accept more financial responsibility for its needs, Rebecca Caspi, senior vice president and director general operations of UJC-Israel, said Wednesday. Caspi said that due to the economic crisis, Israel … [Read more...] about NewsBits: Around the Jewish Web
The Jewish Funders Network announced today the launch of a Crisis Loan Fund to assist nonprofits harmed by the Madoff Ponzi scheme. With an initial pool of $5 million, The Crisis Loan Fund will provide bridge financing and interest subsidies to eligible 501(c)(3) nonprofits facing budget shortfalls as a result of the scheme. The fund was created through a collaboration of JFN members. JFN has also launched a Pro Bono Resource Bank that offers … [Read more...] about JFN Announces $5 Million for Nonprofits in Crisis
As we posted earlier this evening, in a ground-breaking move, the UJC/Federation system is considering a plan to end their exclusive funding relationship with the Jewish Agency and the Joint. Here are the letters, in full, between Richard Pearlstone and the UJC leadership. Re: The UJC Strategic Working Group Recommendations Dear Kathy, Joe and Howard: This letter is written with regret at a time that the very fiscal survival of the Jewish … [Read more...] about The JAFI/UJC Letters