Jewish foundations lost at least $2.3 billion with Madoff

Advertisement

Nicholas Kristof has a blog post up announcing that the New York Times has put together a list of the 147 foundations it believes had exposure to the Madoff fraud.

Here is the list — made up overwhelmingly Jewish names and foundations that gave to Jewish causes.

I will unpack the list a little further over the next day, but by my count 102 of the 147 were foundations started by Jewish families or those that gave to Jewish causes.

Those charities had more than $2.3 billion invested with Madoff, according to my math. And it is all gone.
 

Recommended from JTA

Advertisement