Wednesday, Dec. 8 What Effect Will Fed. Clawback Of Madoff Funds Have On Shapiro Philanthropy?

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What Effect Will Fed. Clawback Of Madoff Funds Have On Shapiro Philanthropy?: 97-year-old Boston-area apparel entrepreneur Carl Shapiro has agreed to forfeit $625 million to investors who lost money in jailed financier Bernard Madoff's fraud. Shapiro – a longtime Madoff friend – is one of Boston’s most generous philanthropists. So what effect – if any will the federal clawback have on his ability to give going forward? Dan Pallotta, an expert in nonprofit sector innovation, says one lesson we can all take away from this, is that non-profits have to be more indendependent, committed to their own fundraising and less dependent on foundational donors.
  Check out Dan's new book Uncharitable: How Restraints on Nonprofits Undermine Their Potential
  Read Dan’s Blog

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