Madoff Ponzi

The Jewish Funders Network announced today the launch of a Crisis Loan Fund to assist nonprofits harmed by the Madoff Ponzi scheme.  With an initial pool of $5 million, The Crisis Loan Fund will provide bridge financing and interest subsidies to eligible 501(c)(3) nonprofits facing budget shortfalls as a result of the scheme.  The fund was created through a collaboration of JFN members.  JFN has also launched a Pro Bono Resource Bank that offers consulting services to nonprofits who are struggling in this down economy.

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