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


Publication Date: January 2009

Publisher: Chronicle of Philanthropy

Author(s): Gary A. Tobin

Research Area: Banking and finance

Keywords: Jewish Organizations; Fundraising and Philanthropy; Organizational Development

Type: Brief

Coverage: United States


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.