Intermountain Jewish News

Banner
Sunday,
Jul 05th
Home News Local No local federation exposure to Madoff

No local federation exposure to Madoff

E-mail Print PDF

Bradley Friedman, executive director of the Denver-based Jewish Community Foundation, told the Intermountain Jewish News this week that the organization has no money invested with Bernard Madoff in any of his various investment funds.

Likewise, Friedman says, the Allied Jewish Federation — “which has almost no assets invested in anything other than mutual funds” — has no money invested through Madoff’s firm, and therefore faces no financial exposure.

As to Colorado family foundations with ties to Madoff, “I’m not aware of any,” Friedman said.

He is worried about the impact the scandal is sure to have on many other Jewish philanthropies, however.

“I keep getting little blurbs from Jewish organizations and individuals who have family foundations invested with [Madoff] and it’s very, very upsetting,” Friedman said.

“The ripple effect of his alleged deeds is just spreading throughout the Jewish philanthropic world. It’s very scary.”

Search the IJN using the term Madoff, and find all of our stories related to this financial scandal.

Last Updated ( Tuesday, 17 February 2009 03:11 )  

IJN e-Edition

This is only a taste! Get full access to the IJN via our e-Edition, only $14.04 for IJN Print subscribers.

E-Edition subscribers get access to a complete digital replica of the IJN, which includes all special sections.

Get the IJN's free newsletter!

Shabbat Times

JTA News

London neo-Nazi rally overshadowed by counter-demonstration

Marcy Oster About 25 neo-Nazis demonstrated against “Jewish privilege” in a rally that had been ordered moved by police from the heavily Jewish-populated Golders Green neighborhood to central London. ... [Link]

Israeli Cabinet reverses conversion reform policy

Marcy Oster Repealing conversion reform reportedly was part of the coalition deal struck between Prime Minister Benjamin Netanyahu’s Likud Party and the haredi Orthodox United Torah Judaism Party. ... [Link]

On Iran deal, Hoyer’s red lines are not AIPAC’s

Ron Kampeas Steny Hoyer studiously avoids AIPAC’s language in his statement on an Iran deal. ... [Link]

Op-Ed: It’s time to stop demonizing Michael Oren

Gabrielle Birkner Israel’s former U.S. ambassador wrote “Ally” for one overriding reason: to challenge Obama on Iran, writes Yossi Klein Halevi. ... [Link]

Report: Soros, Saban give total of $3 million to Clinton campaign

Cnaan Liphshiz Revelation comes amid reports that Clinton ... [Link]

Camp where Debbie Friedman began Jewish folk movement marks 50 years

Gabe Friedman Kutz Camp, the birthplace of modern spiritual Jewish music, celebrates fifty years of camp this July Fourth weekend. ... [Link]

Rioters chant against ‘Jewish murderers’ in Muslim Dutch neighborhood

Cnaan Liphshiz Riots near Jewish-owned enclave of The Hague erupted over slaying of young man by police officers. ... [Link]

Dutch lawmakers oppose slashing aid to Holocaust survivors

Cnaan Liphshiz Six survivors from The Hague were turned away from a care facility and told to seek help from their families. ... [Link]

Intermountain Jewish News • 1177 Grant Street • Denver, CO 80203 • 303 861 2234 • FAX 303 832 6942
email@ijn.com • larry@ijn.com • lori@ijn.com