Tagged Jewish nonprofits

‘Painful and deep’: Jewish nonprofits face dire economic prospects during and after coronavirus

The main entrance of the Staenberg-Loup Jewish Community Center in Denver, July 27, 2018. At the time, the center had staved off financial worries thanks to a newly formed nonprofit that bought its property and infused it with cash to wipe out $14.3 million in debt. (Hyoung Chang/The Denver Post via Getty Images)
March 23, 2020 / Ben Sales, JTA

NEW YORK (JTA) — Some 38,000 people work at Jewish community centers across North America, staffing preschools, camps, gyms, classes, activities for seniors and more. Because of the coronavirus crisis, a lot of them are going to lose their jobs. “The cuts are going to be painful and deep,”… Read more »

Madoff, fire and theft: How Jewish nonprofits lost money
October 30, 2013 / Ron Kampeas, JTA

WASHINGTON (JTA) — Bernard Madoff. An unscrupulous contractor. Art that disappeared or was destroyed by fire — it’s not clear which. Bad, bad bookkeepers. And did we mention Bernard Madoff? These were among the causes of “material diversion” of assets — tax-speak for lost funds or property totaling $250,000… Read more »