The American Jewish Congress, founded 90 years ago by Rabbi Stephen S. Wise and Supreme Court Justices Felix Frankfurter and Louis Brandeis, may be on its last leg.
AJCongress had a significant, though undisclosed, portion of its endowment invested with Bernard Madoff. That money is now gone, and though the AJCongress’ acting executive director told JTA last week that the New York-based organization would not close, I’ve heard scuttlebutt to the contrary. The board, I understand, met last week to discuss what the future holds.
Whether the AJCongress will fold, be absorbed by another organization or simply scale back its operations remains to be seen. Regardless, some tough financial decisions will have to be made.
“All I know at this stage is I’m going to work on Monday,” Gary Ratner, the West Coast director, told me yesterday. “No one has told me of any changes at all at this stage. I’ve been told nothing except keep working, keep doing my programs and keep soliciting funds for our mission.”
We welcome your feedback.
Your information will not be shared or sold without your consent. Get all the details.
Terms of Service
JewishJournal.com has rules for its commenting community.Get all the details.
JewishJournal.com reserves the right to use your comment in our weekly print publication.