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Jewish Journal

Tag: Fiduciary

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  • Anger replaces shock as Madoff scam puts spotlight on charity boards

    By Dean Rotbart

    December 30, 2008 | 6:42 pm

    Anger has begun to supplant shock as those who contribute to prominent Jewish charities or work on their behalf gasp for comprehension of the unprecedented percussion that the Bernard L. Madoff investment fraud is having on their favorite causes.

    While Madoff himself is a primary...

  • Can you say fiduciary duty? Jewish nonprofits must follow new rules

    December 24, 2008 | 1:56 am

    Based on all reports, the evil criminality of Bernard Madoff has decimated the portfolios of hundreds of individuals and charitable organizations. The consequences for ongoing charitable programs and future gifts will be felt for many years to come.

    While there should be no limit to...