<p>Brandeis and their supporters are a tight group and they have suffered perhaps more than any other university from the Madoff Ponzi scheme, so it should be no surprise that they will take longer to financially recover. But they will recover and likely be stronger than ever. I would not let the publicity and reactions from the proposed sale of the Rose Art Museum deter you in any way from choosing Brandeis. The University has there priorities straight, and there #1 priory is educating great students…</p>
<p>"A Madoff Sell Off?</p>
<p>In light of the gruesome news that Brandeis intends to shut down its Rose Art Museum and sell off the entire collection to raise cash, I’m wondering how much of their fire sale mentality is due to the huge hit suffered recently by the Carl & Ruth Shapiro Family Foundation, the Boston-area philanthropy that was a major victim of Bernie Madoff’s giant ponzi scheme.</p>
<p>The Shapiros reportedly lost more than $400 million of their personal fortune. Their foundation, a heavy supporter of Boston-area arts groups and hospitals — and of Brandeis University — is reported to have lost $145 million, about half its assets.</p>
<p>The Foundation issued a statement last month saying that it “plans to fulfill all our current obligations” and stressing its commitment to building back its resources. But for the near term future they probably won’t be in a position to come up with gifts like the $25 million they provided towards the Shapiro Science Center on the Brandeis campus or the $22 million for the Carl and Ruth Shapiro Campus Center.</p>
<p>None of this excuses Brandeis trustees for what they’re planning to do to their own museum, but it might shed some light on their motives".</p>
<p>Read more: [A</a> Madoff Sell Off? - Looking Around - TIME.com](<a href=“A Madoff Sell Off? | TIME.com”>A Madoff Sell Off? | TIME.com)</p>