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From donors who touch many, no new grants

Hurt by Madoff, Shapiros will honor existing pledges

The Carl and Ruth Shapiro Family Foundation donated $200,000 to the Children's Museum in 2007. The Carl and Ruth Shapiro Family Foundation donated $200,000 to the Children's Museum in 2007. (Globe Staff Photo / David L. Ryan)
By Beth Healy
Globe Staff / January 30, 2009

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Today, the heads of 80 nonprofits around Boston will receive a letter that the Carl and Ruth Shapiro Family Foundation did not want to send. The organization will make no new grants in 2009, as it regroups after the Bernard L. Madoff investment scandal, which claimed about $145 million, or nearly half of its assets. The foundation will give out ... (Full article: 1280 words)

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