from Haaretz:

Business in Brief

The Posen Foundation is recovering after being burned by Bernie Madoff, and this week will grant $315,000 in stipends to Israeli researchers in the area of nonreligious Jewish culture. Seven researchers were chosen out of 60 who applied, and each will receive $45,000 over the next three years. … British millionaire Felix Posen, 81, a former partner of Marc Rich, founded the fund, which promotes the concept of secular Jewish culture all over the world, and his son Daniel runs it.