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  • 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 ▸

  • New Jim Joseph grant shows that pluralism pays

    The Jim Joseph Foundation, which is cementing its position as one of the most significant Jewish foundations around, gave out another big grant this week — $12 million to three Jewish seminaries to help recruit and train new educators across the denominational spectrum. The grants will be given over a five-year period to the Conservative… More ▸

  • Cardozo names a new Dean

    Yeshiva University’s law school has named a new Dean, tapping a Fordham Law school distinguised professor and administrator, Matthew Diller,  for the top spot at Cardozo School of Law. Here’s the release: Yeshiva University Appoints New Dean at Benjamin N. Cardozo School of Law;Matthew Diller, Distinguished Fordham Law Professor and Administrator, Named  Matthew Diller, a… More ▸

  • The Jewish Star: YU lays of 60 employees, cuts 120 positions

    The Jewish Star, a little known Orthodox newspaper, is reporting this morning that Yeshiva University is laying off 60 people and eliminating 120 positions because of financial difficulty. The moves were announced in a letter distributed by YU’s president Richard Joel, which is excerpted below from the Jewish Star story. A YU official has confirmed… 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 ▸

  • Joel keeps mood light, but addresses Madoff mess at Y.U. dinner Sunday

    As news was filtering down that its endowment took a serious hit due to its investment with Bernard Madoff, Yeshiva University held its 84th annual Hanukkah banquet Sunday night at the posh Waldorff Astoria hotel in Manhattan. The dinner was preceded by its annual Academic Convocation at which the Modern Orthodox university awarded several honorary… More ▸