JEHT Foundation
Encyclopedia
The JEHT Foundation was a grant-making nonprofit foundation
based in New York City. The Foundation’s name was an acronym that stood for the core values that underlay the Foundation's mission: "Justice
, Equality
, Human dignity and Tolerance
." The Foundation's programs reflected these interests and values.
run by Bernard Madoff
, who was arrested in December 2008 for securities fraud. The funds of its donors, Jeanne Levy-Church and Kenneth Levy-Church, were managed exclusively by Madoff's investment advisory business.
Foundation (charity)
A foundation is a legal categorization of nonprofit organizations that will typically either donate funds and support to other organizations, or provide the source of funding for its own charitable purposes....
based in New York City. The Foundation’s name was an acronym that stood for the core values that underlay the Foundation's mission: "Justice
Justice
Justice is a concept of moral rightness based on ethics, rationality, law, natural law, religion, or equity, along with the punishment of the breach of said ethics; justice is the act of being just and/or fair.-Concept of justice:...
, Equality
Egalitarianism
Egalitarianism is a trend of thought that favors equality of some sort among moral agents, whether persons or animals. Emphasis is placed upon the fact that equality contains the idea of equity of quality...
, Human dignity and Tolerance
Toleration
Toleration is "the practice of deliberately allowing or permitting a thing of which one disapproves. One can meaningfully speak of tolerating, ie of allowing or permitting, only if one is in a position to disallow”. It has also been defined as "to bear or endure" or "to nourish, sustain or preserve"...
." The Foundation's programs reflected these interests and values.
About the Foundation
The Foundation had four primary areas of interest:- Transformation of U.S. criminal justice policies and practices
- Expansion of the role of international justice and the rule of law both at home and abroad
- Making the electoral system in the United States fairer, more effective and responsive to all Americans
- Expansion and strengthening the use of palliative care in a variety of health care settings in the U.S.
Closure
On 15 December 2008, the Foundation announced it was halting all grant-making effective immediately, and would wind down operations by the end of January 2009. This was a result of the Foundation losing the bulk of its endowment which had been invested in the illegal Ponzi schemeMadoff investment scandal
The Madoff investment scandal broke in December 2008 when former NASDAQ chairman Bernard Madoff admitted that the wealth management arm of his business was an elaborate Ponzi scheme....
run by Bernard Madoff
Bernard Madoff
Bernard Lawrence "Bernie" Madoff is a former American businessman, stockbroker, investment advisor, and financier. He is the former non-executive chairman of the NASDAQ stock market, and the admitted operator of a Ponzi scheme that is considered to be the largest financial fraud in U.S...
, who was arrested in December 2008 for securities fraud. The funds of its donors, Jeanne Levy-Church and Kenneth Levy-Church, were managed exclusively by Madoff's investment advisory business.
See also
- International Criminal CourtInternational Criminal CourtThe International Criminal Court is a permanent tribunal to prosecute individuals for genocide, crimes against humanity, war crimes, and the crime of aggression .It came into being on 1 July 2002—the date its founding treaty, the Rome Statute of the...
- International LawInternational lawPublic international law concerns the structure and conduct of sovereign states; analogous entities, such as the Holy See; and intergovernmental organizations. To a lesser degree, international law also may affect multinational corporations and individuals, an impact increasingly evolving beyond...
- United States Presidential ElectionUnited States presidential electionElections for President and Vice President of the United States are indirect elections in which voters cast ballots for a slate of electors of the U.S. Electoral College, who in turn directly elect the President and Vice President...
- Palliative CarePalliative carePalliative care is a specialized area of healthcare that focuses on relieving and preventing the suffering of patients...