Jewish Funders Network's Crisis Loan Fund to Help Nonprofits Hurt by Madoff Ponzi Scheme

Created in response to requests for assistance from nonprofits reeling from the fraudulent management of assets related to the Madoff scheme, the Crisis Loan Fund will address funding gaps caused by the scheme and made worse by current credit crisis.

Loans of $100,000 to $300,000 that can be used toward operating and program costs will be awarded based on several criteria including the strategic impact of the loan on the organization or its programs and the organization’s ability to repay the loan. Applicants must also demonstrate that they were negatively impacted by Madoff-related investments.