For the past few days we've been hearing about the long list of charities that lost millions in Bernie Madoff's elaborate Ponzi scheme. But what about Madoff's own charitable contributions? Although he's been widely described as a prominent donor to various Jewish causes, Madoff hasn't been giving away bundles of cash for some time now. In 2007, the Madoff Family Foundation, which listed $19 million in assets at the end of the year, reported handing out $95,000 over the course of the year, down more than 90 percent from the year before when the foundation gave away $1.2 million. Perhaps he had an inkling the end was near and decided to hold on to as much cash as possible? More
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The Curious Philanthropic Activities of Bernie Madoff
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