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The foundations held accounts with Madoff, and the attorney general had grown concerned about their investment activity.
Educational institutions claimed close to $600 billion in assets that year, while foundations held more than $460 billion.
The 29 most established community foundations held £92m in assets and made grants of £22m in 2000.
In a very public show of philanthropic muscle in Pittsburgh last July, three foundations held a news conference to announce their withdrawal of support for that city's school system, accusing it of fiscal mismanagement.
Daniel Libeskind explained his brilliant and powerful design by describing Ground Zero after it was excavated: "The heroic foundations held and stand as eloquent as the Constitution.... We need a journey with deliberation and procession... through the Edge of Hope, the Museum of Memory".
During their stay, the Drug Policy Alliance and the Open Society Foundations held meetings with legislators and pro-marijuana reform advocates to promote efforts for a sensible drug policy that reduces crime and allocates more government funds to treating drug addiction.
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Nationwide, family foundations hold assets of more than $150 billion and make grants of $7 billion a year, mostly in their home communities.
How can an ideal of life erected upon such murky foundations hold any appeal for us today?
Spudcans are large diameter (~ 20 m) conical foundations holding up mobile jack-up platforms for offshore oil and gas developments in shallow to moderate water depths.
That house, which they were told was an 18th-century tenant farmhouse, had two-foot-thick stone foundations holding up 12-inch-thick beams.
The Hewlett and Packard heirs and their family foundations hold about 18percentt of the company's shares, and they voted against the merger.
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