2 0|0|anyone else notice charitys are closing up? This really has me sad!!|HONEY11|HONEY1@AMERITECH.NET|19:11:17|07/18/2009|
Posted on Jul-18-09 at 07:11 PM (Eastern) by 76.237.177.137

I was getting already to donate some things to miracle diapers, they are currently housing donations in a public storage shed as they lost their location. If they don't reach their goal of funds(donations) to relocate I fear they will close down for good. I also went to look up the addy for Book samaritan, they send books & school supplies to families who homeschool and are struggling, web site does'nt even appear when I try to pull it up.

http://monkeybizness1.blogspot.com/
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Linda
1|1|Yes-that is true. It is very hard for small non profits to survive|spilleliz|spilleliz@gmail.com|19:35:58|07/18/2009|

Posted on Jul-18-09 at 07:35 PM (Eastern) by 69.117.64.161

In general non profits have a hard time with getting funding and in this economy less people are donating, less grants, etc. I volunteer with a few One I helped out gave up their office and work out of their homes now


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www.my.tupperware.com/spilleliz 2|1|some smaller social justice charities lost their funding with Madoff|mfrs|mfrs.sv.ca@gmail.com|23:21:52|07/18/2009|

Last edited on Jul-18-09 at 11:31 PM (Eastern) by 69.109.189.145


In particular, they were his perfect victims--from an article on the losses:

What was the role of charities in Madoff’s scheme?
It hasn’t been proven yet, but I strongly suspect that Madoff saw charities, foundations and endowments as the perfect solution to a big problem. A Ponzi schemer worries that there will be a sudden outflow of money. If that happens, it’s like a run on the bank—the money isn’t there. But if you attract investors who can be counted on to leave their money or most of their money in perpetuity, you reduce the risk of ever having that run on the bank. Charities, foundations and endowments usually take out a little bit of money every year, somewhere around five percent, especially foundations. They are required to take that amount by federal law. That means all Madoff had to do to keep a Ponzi scheme rolling was replace five percent of the principal—not impossible by any means. If this proves correct, it’s really going to reveal just how little conscience he had—using people this way and using charities and foundations for personal purposes, ignoring the good that they do. That borders on psychopathy.