The Madoff Scandal's Impact on Public Interest Legal Organizations
The National Law Journal just published a great article on the impact of the Madoff scandal on public interest legal organizations. In response to the shortfalls facing several legal organizations, the Atlantic Philanthropies and Open Society Institute committed $300,000 in matching donations (the Brennan Center for Justice and the Center for Constitutional Rights are among the recipients). MoveOn.org coordinated the effort, which was reported here. Other work to support nonprofit victims of the scandal include efforts by a group of Jewish foundations and a website that provides links to the online donation pages of nonprofits that were hit financially. Please consider showing your support for the public interest legal organizations that were impacted by making a donation. -M
P.S. The American Lawyer reports that not every financial scheme has an unhappy ending ... "the legal department at insurance conglomerate ACE Limited put together a novel program that leveraged contributions from in-house lawyers into a $200,000 donation for three public interest groups."
