Wednesday, January 7, 2009
Charities Impacted by Madoff Scandal Receive Help From Foundations
The Washington Post reports today that several nonprofit organizations that were victims of the Bernard Madoff investment scandal are receiving financial assistance from larger foundations. Human Rights Watch, The Center for Constitutional Rights, Brennan Center for Justice, and the Advancement Project are benefiting from an on-line, end of year campaign run by MoveOn.org. The fundraising drive raised donations that were then partially matched by large foundations – a total of $1.2 million will go to the four nonprofit groups.