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Comparing Jewish losses to non-Jewish losses in the Madoff scheme

Sometimes its good to put things into perspective.

The Jewish nonprofit world certainly lost money in the Madoff scheme, but we were not the only losers, and perhaps not even the biggest.

Bloomberg News put together a list of grants given out in 2007 by 10 foundations that lost significant assets in the Madoff scandal, nine of which are Jewish.

The news site provides a list of the grants doled out by the Bernard L. and Ruth Madoff Foundation, the JEHT Foundation, the Schlichter Foundation, the Betty and Norman F. Levy Foundation, the Carl and Ruth Shapiro Family Foundation, Spielberg’s Wunderkinder Foundation, the Wilpon Family Foundation, the Frank Lautenberg Foundation, Valerie And Jeffrey S Wilpon Foundation and the Picower Foundation.

A survey of the list shows that these foundations gave money to scores of Jewish causes. But while much has been made of the losses in the Jewish charity world, this list should help to put things in perspective — the charity world in general is going to be affected at a more significant clip than Jewish charities.

These 10 foundations gave $7.3 million to Jewish causes in 2007 – a number that will certainly be missed. But, when you exclude a $3 million gift that the Shapiro Family foundation gave to Brandeis University, that number drops to $4 million. This is certainly a big number. But it is not an insurmountable number.

Compare that number to the $103,752,048 that these foundations gave out in general, and the $7.3 million certainly seems smaller.

The Jewish community has certainly taken a hit here, but it will most likely not be the end of Jewish charity or the Jewish nonprofit world. And the broader non-profit world is certainly suffering right along with us, if not to a greater extent.

Here is an excerpt from the Bloomberg list. It contains only the grants that these foundations made to Jewish nonprofits, and I have added the side-by-side comaprison of the total dollar amount given to Jewish charities vs. the total dollar amount each foundation gave out:

Bernard L. and Ruth Madoff Foundation
Assets - $19,125,499
Recipient                                        FY Ending    Amount
====================================================================
Kav Lachayim                                      2007       $15,000
New York, NY
====================================================================
Total to Jewish charities                                    $15,000
Total giving                                                 $95,000
====================================================================

The JEHT Foundation
Assets - $7,503,918
Recipient                                        FY Ending    Amount
====================================================================
Brandeis University The Int’l Center for Ethics   2007      $220,000
====================================================================
Total to Jewish charities                                   $220,000
Total giving                                             $24,208,994
====================================================================

The Schlichter Foundation
(Bernard Madoff, President)
Assets - $1,626,925
Recipient                                        FY Ending    Amount
====================================================================
92nd Street Y                                     2007        $5,000
Lower East Side Tenement Museum                   2007       $20,000
North Shore L. I. Jewish Health                   2007       $20,000
Old Westbury Hebrew Congregation                  2007       $40,000
Solomon Schecter School                           2007        $2,000
====================================================================
Total to Jewish charities                                    $87,000
Total giving                                                 $92,000
====================================================================

Betty and Norman F. Levy Foundation
Assets: $244,389,849
Recipient                                        FY Ending    Amount
====================================================================
American Committee Weitzmann Inst.                2007       $25,000
Gift of Life Bone Marrow Foundation               2007      $100,000
UJA Federation New York, NY                       2007      $100,000
Museum of Jewish Heritage                         2007        $5,000
====================================================================
Total to Jewish charities                                   $230,000
Total giving                                             $31,280,050
====================================================================

Carl and Ruth Shapiro Family Foundation
Assets - $323,912,042     With Madoff - About $145,000,000
Recipient                                        FY Ending    Amount
====================================================================
Alpert Jewish Family & Children’s Services        2007       $25,000
Amer. Friends of The Israel Museum                2007       $10,000
American Committee For The Weizmann Institute     2007       $25,000
American Friends of The Hebrew Univ.              2007       $11,000
American Friends Of Israel Philharmonic Orch.     2007       $45,000
American Jewish Committee                         2007       $15,000
American Society For Technion                     2007       $25,000
Anti-Defamation League                            2007      $150,000
Armdi                                             2007       $25,000
Brandeis University                               2007    $3,022,000
Combined Jewish Philanthropies                    2007      $356,500
Gift Of Life Bone Marrow Foundation               2007       $45,000
Hadassah                                          2007       $10,000
Hebrew Senior Life Boston, MA                     2007       $25,000
Jewish Adoption And Foster Care                   2007        $5,000
Jewish Big Brother And Big Sister                 2007       $15,000
Jewish Family & Children’s Services               2007       $30,000
Jewish Federation Of Palm Beach Cty.              2007      $160,000
Jewish Guild For The Blind                        2007       $10,000
Jewish Home For The Aged Of Palm Beach County     2007      $210,000
One Family Inc.                                   2007       $35,000
Simon Wiesenthal Center                           2007       $25,000
U.S. Holocaust Memorial Museum                    2007       $25,000
====================================================================
Total to Jewish charities                                 $4,304,500
Total giving                                             $12,834,167
====================================================================

Wunderkinder Foundation
Assets - $73,280,226
Recipient                                        FY Ending    Amount
====================================================================
American Jewish Committee                         2007        $8,333
American Museum Of Moving Image                   2007        $7,534
Chabad’s Children Of Chernobyl                    2007       $50,000
Museum of Jewish Heritage                         2007       $25,000
Righteous Persons Foundation                      2007      $620,000
Temple Beth Am  Los Angeles, CA                   2007       $10,000
Temple Emmanuel  Bevely Hills, CA                 2007      $190,000
U S Holocaust Memorial Museum                     2007      $150,000
====================================================================
Total to Jewish charities                                 $1,065,867
Total giving                                              $8,452,406
====================================================================

Wilpon Family Foundation
Assets - $109,120
Recipient                                        FY Ending    Amount
====================================================================
Jewish Home & Hospital                            2007       $25,000
Jewish Institute                                  2007       $15,000
Suffolk Y Jewish Community                        2007       $10,000
The Jewish Foundation                             2007       $15,000
Touro Law School                                  2007       $10,000
====================================================================
Total to Jewish charities                                    $75,000
Total giving                                              $2,983,250
====================================================================

Frank Lautenberg Foundation
Assets - $15,000,792
Recipient                                        FY Ending    Amount
====================================================================
Albert Einstein College of Medicine               2007        $5,000
American Friends of Israel Museum                 2007        $5,000
American Jewish Committee                         2007        $7,000
American Technion Society                         2007        $5,000
Beth Hatefutsoth                                  2007        $5,000
Daughters Of Israel                               2007        $5,000
Dr. Michail Shafir Fund                           2007        $5,000
Gift of Life Foundation                           2007        $7,000
Jewish Community Center                           2007        $5,000
JSDD of Metrowest                                 2007        $5,000
Temple Sharey Telifo Israel                       2007       $39,480
UJA Federation                                    2007       $11,000
UJA Metrowest                                     2007        $5,000
Washington Institute For Neareast Policy          2007       $10,000
Washington, DC
====================================================================
Total to Jewish charities                                    $119,480
Total giving       $281,280
====================================================================


Valerie And Jeffrey S Wilpon Foundation
Assets - $420,852
Recipient                                        FY Ending    Amount
====================================================================
Hebrew Wizzards                                   2007        $5,000
Mount Sinai Adolescent HC                         2007        $5,000
US Holocaust Museum                               2007       $10,000
====================================================================
Total to Jewish charities                                    $20,000
Total giving                                                $284,800
====================================================================

Picower Foundation
Assets - $958,425,057
Recipient                                        FY Ending    Amount
====================================================================
American Friends of Herzog Hospital               2007      $100,000
American Friends of Tel Aviv Museum of Art        2007        $5,000
American Jewish World Service                     2007       $75,000
AVODAH                                            2007       $75,000
Foundation for Jewish Camping                     2007      $109,278
Hillel                                            2007       $50,000
InterfaithFamily com                              2007       $25,000
Jewish Coalition for Service                      2007       $40,000
Jewish Community Center in Manhattan              2007       $10,000
Jewish Family & Life                              2007       $33,333
Jewish Outreach Institute                         2007      $185,000
Jewish Television Network                         2007       $50,000
Limmud NY                                         2007      $225,000
Lincoln Center Theater                            2007       $50,000
Moving Traditions                                 2007       $75,000
UJA-Federation of New York                        2007       $56,250
United States Holocaust Memorial Museum           2007       $10,000
USC Shoah Foundation                              2007        $5,000
====================================================================
Total to Jewish charities                                  $1,178,861
Total giving                                              $23,402,801
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