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  • Local chapter of Hadassah in Arizona closes

    From the Jewish News of Greater Phoenix:   Hadassah, the Women’s Zionist Organization of America, effectively closed the Hadassah Valley of the Sun Chapter office on Thursday, Jan. 29, and the chapter leadership has been busy determining how it will move forward without the office and professional staff. "We will regroup," Adele Smith, president of… More ▸

  • Hadassah reaffirms its mission and announces restructuring plan

    Hadassah has had a busy run the past couple of weeks. After instituting significant layoffs as part of a restructuring that was pushed forward by the difficualt economy, the organization held its national board meetings in Atlanta. The organization used the board meetings to expalin explicitly that it is in the midst of a restructuring… More ▸

  • The Madoff effect and Hadassah’s layoffs

    This is the Madoff effect: After announcing that it took a massive loss in the Bernard Madoff Ponzi scheme, Hadassah confirmed Wednesday it was laying off a quarter of its staff. (Check out my story here.) The layoffs were not the result of the loss of the $40 million Hadassah had in Madoff’s firm, nor… More ▸

  • Hadassah addresses Madoff investments

    Hadassah, which lost $90 million in Bernard Madoff’s Ponzi scheme, sent out an e-mail to its board members Monday that offers some details about how the organization became involved with Madoff and how exactly it’s been hurt. According to the e-mail, which was signed by Hadassah’s president, Nancy Falchuk, the organization first invested with Madoff… More ▸

  • Hadassah says it lost $90 million in Madoff scandal

    Hadassah, the Women’s Zionist Organization of America, announced that it had lost $90 million with Bernard Madoff. “We are currently in the process of investigating the exact amounts and their impact, but it appears that at the time of his arrest, Hadassah had approximately $90 million invested with his firm,” the organization said Wednesday in a… More ▸