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Last update - 16:59 23/03/2009
Jewish charities get online answer to Madoff crisis
By Haaretz Service
Tags: Israel News 

With Bernard Madoff on his way to a jail sentence, a new online initiative promises to help repair some of the damage the disgraced financier has wreaked on the Jewish philanthropic world.

Many Jewish charities and NGOs in Israel and the Diaspora had invested vast sums with Madoff and were hard-hit by his multi billion-dollar Ponzi scheme.

Now, JGooders.com, an online philanthropy site, is offering a platform for Jewish and Israeli non-profits to showcase their projects with the aim of raising funds in Israel and abroad.
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JGooders creators and partners in the Jewish world believe that they can successfully adopt the premise of multiple small donations that was so effectively employed by President Barack Obama during his election campaign.

Online philanthropy is a rapidly developing trend, and in 2007, more than $10.4 million was donated online in the U.S. alone.

Entrepreneur Ronit Dolev, who founded JGooders along with Smadar Fogel, believes that this trend will change the face of the Jewish philanthropy and become a very successful way for organizations to survive and even thrive in such turbulent economic times, particularly with younger generations of donors.

Judy Stern Peck, a prominent face of the North American Jewish community and major donor to Jewish causes, agrees.

?We have to develop tools that provide solutions to the needs of our time," says Stern Peck. "The internet has enabled the democratization and globalization of philanthropy, which allows every donor of any age and with any amount to donate, to effectively influence and support social change."

JGooders is so convinced of the potential of this method of charitable giving, that it has just opened new offices in Herzliya, and it seems that it is not alone. Joining website's founders and staff were high-profile members of the Israeli philanthropic world, including Avi Armoni, the director-general of the Diaspora Museum, Beth Hatefutsoth and Dorit Rom of the Israel Association of Community Centers.
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  1.   Sounds like a great idea 22:00  |  Ruth 23/03/09
  2.   Madoff 15:03  |  Ray 24/03/09
  3.   New online scams. Is money really god? 16:06  |  Lou Medel 24/03/09
  4.   What a great idea! 18:22  |  Leah 24/03/09
  5.   Sounds like another scam in the making 17:48  |  Fred 25/03/09
  6.   charities 14:47  |  Ray 26/03/09
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