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Michael Steindardt

After initially telling the Fundermentalist that he had no money invested with Bernard Madoff, philanthropist Michael Steinhardt told Bloomberg Wednesday that he actually lost $2 million that he had invested with J. Ezra Merkin’s Ascot Partners. Ascot, Merkin’s hedge fund, lost its entire $1.8 billion in assets with Madoff. From Bloomberg: “He never told me […]

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Robert Aronson is resigning as CEO of the Jewish Federation of Metropolitan Detroit, according to the Detroit News. Aronson, who informed the board of directors that he will resign within the year, has served as the head of the federation for 20 years, but his resignation doesn’t come as a total surprise. Late last year, […]

If you needed further proof that Jewish mega-donors trend toward giving to higher education, check out this scoop from the Chronicle of Philanthropy: “Eli and Edythe L. Broad will announce this morning that they are pledging $400-million to endow the Broad Institute of Harvard and MIT, in Cambridge, Mass., a biomedical-research center that is jointly […]

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