In ‘reorganizing’ effort, historic group suspends activities, lays off 10 staffers and closes office.
In the wake of a series of financial setbacks that included the looting of its endowment by Bernard Madoff, the American Jewish Congress suspended its activities last week and let go of 10 staffers. Though the organization claims to be “reorganizing,” many in the Jewish communal world say it is only a matter of time before the history-rich but poorly run organization is forced to shutter its doors for good.
(JTA) -- The American Jewish Congress has suspended its activities after running out of funds.
The suspension of the venerable Jewish-American advocacy organization's activities, confirmed to JTA on Sunday by acting co-executive director Marc Stern, comes after months of rumors that the organization was on the verge of collapse after losing most of its endowment in the Bernard Madoff Ponzi scheme.
As of Sunday afternoon there was no mention of the suspension on the AJCongress website.