How To Help Foundations From Being Madoffed

Follow the complex maze of federal and state laws to (relative) safety

If private foundations losing billions to Bernard Madoff's Ponzi scheme and going out of business weren't enough of a cautionary tale for private foundations everywhere,1 add this: At least two state attorneys general are examining the actions of the foundation boards that were caught flatfooted by the Madoff disaster.2 And, of course, the glare of these bad headlines and state investigations comes after a decade of the federal government's increasing scru

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