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Fidelity Reportedly Rejects Madoff Money

Tue, August 07, 2012 12:34 PM | Tara McMullen-King
“According to a November 2011 tax filing, the Deborah and Andrew Madoff Foundation gave $176,000 to the Fidelity Charitable Gift Fund in December 2010 to meet giving requirements on $3.5 million in assets. The Mark and Stephanie Madoff Foundation, which controls $1.9 million, gave $79,000 to Fidelity.” However, the Post portrayed Fidelity as having turned down the gifts, perhaps not wanting to take the risk of having to be involved in any kind of potential “clawback” of those monies ..."

http://nonprofitquarterly.org/philanthropy/20778-fidelity-reportedly-rejects-madoff-money.html

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