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News Briefing: Philanthropist Got $1b in Fake Profit, Madoff Trustee Says

By Kate Golden on December 4, 2009No Comment
  • An anonymous group of donors has given more than $12 million to Gann Academy in Waltham, Massachusetts.  [Boston Globe]
  • Over the next five years, 18 artists around the country will receive $50,000 unrestricted grants from the John S. and James L. Knight Foundation.  [New York Times]
  • Trustee Irving Picard accuses Boston philanthropist Carl Shapiro and his family foundation of reaping $1 billion in fictitious profits from Madoff's Ponzi scheme.  [Boston Globe]
  • Harvard Law School suspends a program that would waive tuition for third-year students who pledge to spend five years working for nonprofits or for the government.  [New York Times]
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