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  • American Technion Society finishes $1 billion campaign

    The American Technion Society announced Monday that it had completed a 14-year $1 billion fund raising campaign for the Technion-Israel Institute of Technology, despite the difficult economy over the past two years. The campaign, which was topped off by a recent $20 million gift from Nancy and Stephen Grand was only 8 months behind schedule,… More ▸

  • On scam’s anniversary, more on Madoff

    On the anniversary of the day that Bernard Madoff made his confession that he had ripped of billions of dollars, the media is filled with retrospection. Here’s a brief roundup: The WSJ talks about how several nonprofits – including Brandeis University and Yeshiva University — have changed how they operate: Brandeis University, which had received… More ▸

  • Merage foundation give Technion $12 million to start MBA program

    The Andre and Katherine Merage Foundation of Southern California has given the American Technion Society a $12 million gift to start a business institute at Israel’s premier technical college. The gift will go to start the new Andre and Katherine Merage-Technion Institute for International Business at the Technion: Israel Institute of Technology. The institute, set… More ▸

  • ‘Patriarch’ of the St. Louis community missing, feared dead

    From the St. Louis Jewish Light: The man known as the patriarch of the Jewish community in St. Louis is missing and feared dead at 102 years old. On Monday, two days after witnesses saw an elderly man jumping off the Daniel Boone Bridge and into the Missouri River, the authorities were still searching the river… More ▸

  • E. Ike Eshaghian Foundation gives $1.8 million to Technion

    The E. Ike Eshaghian Foundation has given $1.8 million to the American Technion Society to help kidney research at the Technion-Israel Institute of Technology in Haifa. The grant will be used for three core projects that address the causes and complications of a broad range of kidney disease, according to the release from the Technion… More ▸

  • What were the real losses?

    While it has been repeatedly reported that Yeshiva University lost $110 million in the Madoff scheme, the school told Bloomberg News yesterday that its actual investment was only $14.5 million. The school invested $14.5 million with Ascot Partners, a hedge fund owned by J. Ezra Merkin that put its money solely into Madoff’s scheme, and… More ▸

  • American Technion Society takes $72 million hit in Madoff scheme

    The American fund-raising arm of the Technion – Israel Institute of Technology lost $29 million through investment with Bernard Madoff, a spokesman for the organization told JTA, Friday. The American Technion Society lost the $29 million that it had invested in Madoff’s fraudulent fund; it also lost another $43 million in gains that it saw… More ▸

  • Technion was a Madoff victim

    The Fundermentalist over the coming days is going to become largely a running bullet-point list of the fallout from the Bernard Madoff scandal. JTA has just learned that the Technion-Israel Institute of Technology was among Madoff’s clients and was affected, but the university is not yet sure how deeply it was cut. "Our accountant is… More ▸