In the months since financier Bernard Madoff was charged with promoting a Ponzi scheme, the finan-cial repercussions continue to ripple. Charitable foundations lost millions of dollars, and the recipients of their endowments are feeling the pinch. TheDecember collapse of the Picower Foundation, a leading benefactor for life science researchers was, perhaps, the most notable, but other funds were also hard hit. For example, the Auld Foundation, a major supporter of the Seattle Biomedical Research Center, had placed approximately 95% of its 1.75 million dollar in assets with Madoff.
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