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Charities' Loss of Trust and Stability Is the True Damage of the Madoff Scandal

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Publication Date: January 2009

Publisher(s): Chronicle of Philanthropy

Author(s): Gary A. Tobin

Series: Chronicle of Philanthropy vol.21, issue 06

Special Collection: Berman Jewish Policy Archive

Topic: Banking and finance (Philanthropy and nonprofit sector)

Keywords: Jewish Organizations; Fundraising and Philanthropy; Organizational Development

Type: Brief

Coverage: United States

Abstract:

The author evaluates the scope and impact of the Madoff scandal on philanthropy. He looks at the fiscal impact, together with the less tangible but equally significant loss of trust. The author also emphasizes the reach of Jewish giving beyond the Jewish community.