JFN will give out up to $5 million in loans for nonprofits hurt by Madoff | The Fundermentalist | JTA - Jewish & Israel News: "The Jewish Funders Network has allocated $5 million to give out loans of between $100,000 and $300,000 to non-profits hurt by Bernard Madoff’s scandal.
Here is the info:
The Jewish Funders Network announced today the launch of a Crisis Loan Fund to assist nonprofits harmed by the Madoff Ponzi scheme. With an initial pool of $5 million, The Crisis Loan Fund will provide bridge financing and interest subsidies to eligible 501(c)(3) nonprofits facing budget shortfalls as a result of the scheme. The fund was created through a collaboration of JFN members. JFN has also launched a Pro Bono Resource Bank that offers consulting services to nonprofits who are struggling in this down economy."
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