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Features
 Massachusetts Nonprofits Fall Victim to Ponzi Scheme
Many local area nonprofit organizations and foundations have suffered great financial losses due to investments in the Bernard Madoff companies.
Among those affected, the Robert I. Lappin Charitable Foundation in Salem, MA. The Lappin Foundation sponsored trips for Jewish youth and other educational and cultural services for over 30 years and has now been forced to close. “It is with a heavy heart that I make this announcement,” said Robert I. Lappin, Foundation trustee. “The Foundations’ programs have touched thousands of lives over many years in our efforts to help keep our children Jewish.” Local philanthropic organization also affected is the The Carl and Ruth Shapiro Family Foundation, which lost almost half its money, or about $145 million, to Madoff.
Related news
How AGM Grant Making Members are Making a Difference
The Eos Foundation of Boston and Harwich, the Highland Street Foundation of Framingham, the Paul & Phyllis Fireman Charitable Foundation of Boston and an anonymous donor announced their combined giving of $1.1 million to food banks, fuels assistance programs, and other nonprofit organizations. "We just thought, wow, we've got to get money out on the streets so people don't starve or freeze," said Andrea Silbert, president of the Eos Foundation of Boston and Harwich Port, a family organization with the stated mission to "break the cycle of poverty by investing in children."
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What Grant Makers Are Saying
AGM is listening to you! As part of our mission to support responsible and effective philanthropy, AGM is hosting a series of convenings and discussion opportunities for our grant making Members and nonprofit Partners to talk about the impact of the economic downturn on the nonprofit sector, and what innovative approaches and resources are available to support the work of the charitable sector. Summaries of key themes and ideas that emerge from these discussions will continually be posted online.
View nonprofits' comments from the 2008 Nonprofit Partners Meeting
View discussion points from Funders Conversation on November 6, 2008
View Nonprofit Partners Conversation about the Economic Crisis from covening on November 19, 2008 New Posting
BE PART OF THE NEXT DISCUSSION
Register to attend the Funder-Grantee Discussion on the Economic Situation and Moving Forward on January 8, 2009.
The Economic Crisis – Centralized Information Resources for Funders and Nonprofits
Massachusetts to cut $700 million from State Budget. Turbulent Waters. Uncertainty Looms for the Nonprofit Sector. A Rollercoaster. Pick your headline, pick your metaphor, no matter where you look these days, it is clear that the philanthropic and nonprofit sectors are facing both greater uncertainty and greater demand for services than we have for a very long time. As the leading organization for funders and nonprofits in Massachusetts and New Hampshire, AGM remains committed to providing you with key policy and news developments, and also provide links to resources and innovative ideas for both funders and nonprofits.
View News and Resources Page (updated 12/18/08)
In the News!
This is a new link on Associated Grant Makers website to promote the good works of AGM Members and the press coverage that Members and AGM receives. Help us spread the news, email your press releases and news stories to Gail Pinkham and we'll post them to this section of our site.
Recently AGM received great press coverage at our annual Nonprofit Partners Meeting that was included in a WBUR news story about the nonprofit sector’s wariness in the current economic climate.
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In the News.
Public Policy Updates
Visit our Public Policy Resource
section for the latest news and policy and legislative resources.
Our last update was January 5,
2009.
To view previous feature news stories on AGM's home page visit
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Events
Funder-Grantee discussion on the economic situation and moving forward
Thursday, January 8, 2009
8:30 am - 11:30 am
Details - NEW LOCATION - Back Bay Center, Boston
Western Massachusetts Funders Group
Tuesday, January 13, 2009
8:30 am - 10:00 am
Details
Women & Civic Life
Wednesday, January 14, 2009
9:30 am - 2:30 pm
Details
SPIFFY Roundtable - "Spend more, spend less or pursue other strategies in lean times"
Thursday, January 15, 2009
10:00 am - 12:00 pm
Details
Ready By 21: Statewide Funders Meeting
Wednesday, January 21, 2009
12:30 pm - 2:30 pm
Details
Grants Manager Network (GMN) Winter Meeting
Thursday, January 22, 2009
12:00 pm - 2:00 pm
Details
CEO Roundtable
Thursday, January 29, 2009
8:30 am - 10:30 am
Details
Corporate Funders Roundtable: Sponsorship & Table Requests - What Grantees Need to Know
February 23, 2009
8:30 am - 10:00 am
Details
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