Citations with the tag: FOUNDATION for New Era Philanthropy

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  • New Era settlement seeks $85 million in repayments.
    Frame, Randy // Christianity Today; 4/8/96, Vol. 40 Issue 4, p95 

    Reports that evangelical schools and charitable groups which lost money in the Foundation for New Era Philanthropy will be given `interim distribution' of assets. Proposal for taking assets from those who gained from New Era.

  • This is best of times for a nonprofit lesson.
    Frame, Randy // Crain's Detroit Business; 5/22/95, Vol. 11 Issue 21, p6 

    Opinion. Comments on the Foundation for New Era Philanthropy. Comparison with the plot of Charles Dickens' novel entitled `Martin Chuzzlewitt'; Connections through nonprofit agencies.

  • Foundation scheme leaves schools in shock.
    Sommerfeld, Meg // Education Week; 5/31/95, Vol. 14 Issue 36, p6 

    Reports on the Foundation for New Era Philanthropy's declaration of bankruptcy. Impact on several public schools whose growth relies on the foundation; Creditors of the foundation; Formation and history of the foundation; Investigation of the legitimacy of the foundation.

  • Religious institutions bilked.
    R.N.S. // Christian Century; 6/7/95, Vol. 112 Issue 19, p597 

    Reports on the religious organizations victimized by the financial scheme of the Foundation for New Era Philanthropy. Bankruptcy of the foundation; Accusation against John G. Bennett Jr.; Possible effect of the scandal on church ministries; Key to New Era's appeal. INSET: Some investors in New...

  • Troubled Pa. charity files Chapter 11.
    Pallarito, Karen // Modern Healthcare; 5/22/95, Vol. 25 Issue 21, p6 

    Reports on Radnor, Pennsylvania-based Foundation for New Era Philanthropy's filing for Chapter 11 bankruptcy protection in May 1995. Allegations of violations of several securities laws; List of creditors of the charity; US Securities and Exchange Commission's investigation of possible illegal...

  • Settlement reached in New Era case.
    R.N.S. // Christian Century; 10/16/96, Vol. 113 Issue 29, p959 

    Reports on the settlement of the case involving the Foundation for New Era Philanthropy. Discovery of the charity's grant programs as an investment scam; Ruling by US Bankruptcy Judge Bruce I. Fox allowing agencies that lost money through New Era to receive as much as 65 cents on every dollar...

  • How Ponzi prey were suckered.
    Merrion, Paul; Fritz, Michael // Crain's Chicago Business; 5/29/95, Vol. 18 Issue 22, p3 

    Reports on the victims of the Foundation for New Era Philanthropy Inc., which authorities charged with massive fraud. Interconnection of the company's executives; Influence of founder John G. Bennett's charm; Lack of a due diligence study.

  • New Era, old scheme.
    Robinson, Walter // Art in America; Sep95, Vol. 83 Issue 9, p29 

    Informs the names of institutions and museums affected by collapse of the Foundation for New Era Philanthropy, Philadelphia.

  • New Era bankruptcy case moves toward resolution.
    Frame, Randy // Christianity Today; 9/16/96, Vol. 40 Issue 10, p82 

    Reports on the strong support for a settlement agreement designed to resolve the controversy surrounding the collapse of the Foundation for New Era Philanthropy. Provisions of the agreement proposed; Dissenting views on the proposal.

  • Religious ties led many to New Era.
    Sherefkin, Robert // Crain's Detroit Business; 5/29/95, Vol. 11 Issue 22, p1 

    Reports on the bankruptcy filing of the Foundation for New Era Philanthropy. Financial losses of the missionary groups, parochial schools and religious foundations; Broker between well-heeled donors seeking an anonymous means of helping needy profits.

  • Settlement reached in New Era Pyramid scheme.
    Archer, Jeff // Education Week; 10/02/96, Vol. 16 Issue 5, p6 

    Reports on the bankruptcy settlement where the Christian School of York in Pennsylvania, must return most of the money of New Era Philanthropy. Outstanding claims against the foundation; Expectations to receive 65 percent of the school's lost funds by December 25, 1996.

  • This charity scandal may wind up helping donors like you.
    Berger, Susan // Money; Jul95, Vol. 24 Issue 7, p24 

    Reports on the effect of a charity scandal involving the Foundation for New Era Philanthropy. Fraud charges filed by the Securities and Exchange Commission against the foundation; Pressure on charity boards to protect the public against similar scandals.

  • Charity fraud hits locals.
    Wallace, David J.; Fritz, Michael // Crain's Chicago Business; 5/22/95, Vol. 18 Issue 21, p3 

    Reports on the Chicago, Illinois-area colleges, churches and investors who were cheated by the Foundation for New Era Philanthropy. Includes Creek Community Church in South Barington; Northwestern University in Evanston; Executives and a former director of Service-Master LP; Robert Van Kempen,...

  • Philanthropic scandal has local implications.
    Newman, Jeff // Indianapolis Business Journal; 5/22/95, Vol. 16 Issue 8, p5A 

    Focuses on the impact of the bankruptcy scandal surrounding the Foundation for New Era Philanthropy on not-for-profit organizations across the nation. Charges of fraudulent practices in a civil action against New Era and its leader, John G. Bennett Jr.

  • Fundraising hoax stings education nonprofits.
    Newman, Jeff // Curriculum Review; May96, Vol. 35 Issue 9, p3 

    Reports that more than 1,200 nonprofit groups are being asked by a bankruptcy trustee to give back $174 million in grants handed out in a hoax perpetrated by the Foundation for New Era Philanthropy.

  • How shall we then give?
    Neff, David // Christianity Today; 7/17/95, Vol. 39 Issue 8, p20 

    Editorial. Focuses on the controversy involving the Foundation for New Era Philanthropy, an organization which received donations from several Christian institutions. Foundation's financial collapse in May 1995 Foundation's corrupt practices; Impact on Christian organization's sense of trust;...

  • The `post-New-Era' era.
    Frame, Randy // Christianity Today; 7/17/95, Vol. 39 Issue 8, p55 

    Reports on the formation of the United Response to New Era (URNE), an organization coordinated by the Evangelical Council for Financial Accountability. Organization as a response to the financial collapse of the Pennsylvania-based Foundation for New Era Philanthropy in May 1995; Participation...

  • Bennett issues tape to donors.
    Frame, Randy // Christianity Today; 12/11/95, Vol. 39 Issue 14, p70 

    Comments on the collapse of the New Era Philanthropy from John G. Bennett Jr. in a videotape message to ministries and individuals affected by the collapse in May 1995. When did evangelical and nonprofit organizations became associated with New Era; More.

  • Too good to be true.
    Wulf, Steve; Dahir, Mubarak // Time International (South Pacific Edition); 5/29/95, Issue 21, p63 

    Reports on the scandal involving John G. Bennett Jr. and the Foundation for New Era Philanthropy. People caught in Bennett's scheme; Investment in New Era; Comparison with Charles Ponzi's scheme in 1919; Discoveries made by accounting professor Albert Meyer; Action made by the Securities and...

  • Financial scam makes little impression.
    Wulf, Steve; Dahir, Mubarak // Christian Century; 10/11/95, Vol. 112 Issue 28, p919 

    Reports on the survey conducted by the Barna Research Group on the knowledge of people about the scandal involving the Foundation for New Era Philanthropy. Response of people who have knowledge of the scandal; Ponzi scheme allegedly run by the organization.

  • Accountant blows lid off new era.
    Demery, Paul // Practical Accountant; Jul95, Vol. 28 Issue 7, p6 

    Reports on accountant Albert J. Meyer's discovery of Foundation for New Era Philanthropy's receipt of donations from Spring Arbor College, Michigan to support a Ponzi scheme. Definition of a Ponzi scheme; Meyer's job as accounting teacher at the college; New Era's filing for bankruptcy in May...

  • Philly Free Library loses funds to bogus philanthropy.
    Demery, Paul // School Library Journal; Aug95, Vol. 41 Issue 8, p12 

    Reports on the loss of funds of the Free Library of Philadelphia in Pennsylvania to a group called the Foundation for New Era Philanthropy to which it had entrusted the funds. Library's filing for bankruptcy protection in May 1995; New Era's claim to having a group of anonymous philanthropists...

  • New Era hurt developer known for his ethics.
    Gargaro, Paul // Crain's Detroit Business; 5/29/95, Vol. 11 Issue 22, p35 

    Reports on the effects of the bankruptcy of New Era Philanthropy on Johnson Foundation. Real estate holdings of the company.

  • Scam cost state charities $8.4M.
    Mead, Chris // Crain's Detroit Business; 7/10/95, Vol. 11 Issue 28, p27 

    Reports the losses incurred by various Michigan charities by investing in the Pennsylvania-based Foundation for New Era Philanthropy. Details of the accusation filed in the US Bankruptcy Court in Philadelphia.

  • Bloomberg.
    Mead, Chris // Business News New Jersey; 4/17/96, Vol. 9 Issue 8, p56 

    Reports that Princeton University and Harvard University plan to return more than $2.5 million they received from the Foundation for New Era Philanthropy, a pyramid scheme that collapsed.

  • Lessons From New Era.
    Allen, Robert; Romney, Marshall B. // Internal Auditor; Oct98, Vol. 55 Issue 5, p40 

    Reveals some of the most common tactics employed by fraud perpetrators wherein internal auditors should fully understand as they search for fraud in their own commercial and non-profit organizations. Information on the Foundation for New Era Philanthropy established by John G. Bennett, Jr.;...

  • `Double-your-money' scam burns Christian groups.
    Giles, Thomas S. // Christianity Today; 6/19/95, Vol. 39 Issue 7, p40 

    Reports on the `double-your-money' fraud perpetrated by the Radnor, Pennsylvania-based Foundation for New Era Philanthropy. Diversion of funds donated by Foundation donors to companies controlled by chairman John G. Bennett Jr. Foundation bankruptcy; Creditors; Foundation tax returns; Initial...

  • Bennett indicted on 82 counts.
    Kennedy, John W. // Christianity Today; 11/11/96, Vol. 40 Issue 13, p109 

    Reports on the criminal indictment of Foundation for New Era Philanthropy founder John G. Bennett Jr. for mail fraud, wire fraud, filing false tax returns and money laundering. Financial aspects of New Era; Background information; Implications; Plans and expectations.

  • New Era founder gets 12 years.
    R.N.S. // Christian Century; 10/22/97, Vol. 114 Issue 29, p938 

    Reports that New Era Philanthropy founder John G. Bennett Jr. was sentenced to 12 years in prison in Philadelphia, Pennsylvania. Background of the fraud case filed against Bennett; Evangelical Council for Financial Accountability president Paul Nelson's comment on the court's decision.

  • The DIA's `act of faith'.
    Sherefkin, Robert; Roush, Matt // Crain's Detroit Business; 5/22/95, Vol. 11 Issue 21, p1 

    Reports that the $2 million the Detroit Institute of Arts, Michigan, received from the Foundation for New Era Philanthropy in April 1995 could be at risk under New Era's Chapter 11 bankruptcy proceeding. Federal bankruptcy law; Grant opportunity; Comments from industry executives. INSET: Other...

  • New Era scandal hits local charities.
    Newman, Jeff // Indianapolis Business Journal; 5/29/95, Vol. 16 Issue 9, p1A 

    Reports on the alleged victimization of Indianapolis, Indiana-based non-profit organizations by Radnor, Pennsylvania-based Foundation of New Era Philanthropy in an investment scandal. Allegations by the Overseas Council for Theological Education and Missions; New Era's debts to Westwood...

  • Judge unimpressed.
    Newman, Jeff // Hudson Valley Business Journal; 6/26/95 - 7/3/95, Vol. 6 Issue 30, p4 

    Reports on United States District Judge Anita Brody's reply to Foundation for New Era Philanthropy founder John G. Bennett's declaration of monthly cash needs.

  • Too good to be true.
    Wulf, Steve; Dahir, Mubarak // Time; 5/29/1995, Vol. 145 Issue 22, p34 

    Discusses the actions of John G. Bennett Jr., and states that philanthropic investors were taken in by his charity. The Foundation for New Era Philanthropy; Ponzi schemes; The skepticism of Albert Meyer, an accounting professor, and the letter that Meyer wrote to the Internal Revenue Service;...

  • DIA donors pledge $2M for New Era liability.
    Sherefkin, Robert // Crain's Detroit Business; 6/12/95, Vol. 11 Issue 24, p1 

    Reports on Detroit Institute of Arts (DIA) donors' decision to increase their financial guarantees to cover possible losses of the museum as a result of its involvement with the Foundation for New Era Philantrophy. Risk of DIA's unreturned capital from New Era's fund-raising scheme.

  • DIA seeks seat on New Era panel.
    Sherefkin, Robert // Crain's Detroit Business; 6/12/95, Vol. 11 Issue 24, p31 

    Reports on the Detroit Institute of Arts' (DIA) plan to acquire a seat on the creditors' committee for the Foundation for New Era Philantrophy bankruptcy case. Losses sustained by DIA from New Era investments.

  • Nonprofit groups sue New Era's broker.
    R.N.S. // Christian Century; 7/17/96, Vol. 113 Issue 22, p712 

    Reports that 31 nonprofit groups filed a civil racketeering lawsuit against the Foundation for New Era Philanthropy after the organization went bankrupt. Plaintiffs' opening of fictitious escrow accounts.

  • Free Library of Philly loses $1.45 million in scam.
    B.G. // American Libraries; Jul/Aug95, Vol. 26 Issue 7, p626 

    Reports that the Free Library of Philadelphia (FLP) Foundation is one of the investors affected by the collapse of the Foundation for New Era Philanthropy. Amount from FLP's `Changing Campaigns' program invested in New Era's matching-grant program; Impact of the losses on FLP.

  • Philly paper regrets accepting grant.
    B.G. // Editor & Publisher; 6/24/95, Vol. 128 Issue 25, p48 

    Reports on the plan of `Philadephia Inquirer' newspaper to return an indirect grant of about $35,000 from the Foundation for New Era Philanthropy. Collapse of New Era; State and federal criminal investigations launched against New Era chief executive John G. Bennett Jr.

  • Ties that bind too tightly.
    Fritz, Michael // Crain's Chicago Business; 7/24/95, Vol. 18 Issue 30, p15 

    Focuses on accountant Albert Meyer's efforts to warn Christian institutions against investing in the Foundation for New Era Philanthropy. Lack of response from Chicago, Illinois-based schools, Wheaton College and Moody Bible Institute; Bankruptcy of the Foundation for New Era Philanthropy.

  • Phil. Free Library out $1.45 million.
    St. Lifer, Evan; Rogers, Michael // Library Journal; 6/15/1995, Vol. 120 Issue 11, p12 

    Reports that the Philadelphia Free Library was bilked out of $1.45 million by the Foundation for New Era Philanthropy, an allegedly fraudulent fundraising organization. New Era's bankruptcy declaration on May 15, 1995; New Era's Ponzi-like scheme for attracting investors; Exploration of the...

  • The pyramid built on charities.
    St. Lifer, Evan; Rogers, Michael // U.S. News & World Report; 5/29/95, Vol. 118 Issue 21, p20 

    Focuses on the Foundation for New Era Philanthropy of Radnor, Pennsylvania. Their brazen pitch for nonprofit groups; The organization's president, John G. Bennett Jr., Investigation into New Era's operations; How the group has filed for bankruptcy and has been hit with civil suits for...

  • Area nonprofits beat by charity's scheme.
    DeNitto, Emily // Crain's New York Business; 5/22/95, Vol. 11 Issue 21, p4 

    Reports that the US Securities & Exchange Commission sued New Era Philantrophy and its chief executive officer John G. Bennett Jr. for massive fraud. Solicitation of funds from non-profit groups with the promise that it would double their money; Impact on future fund-raising efforts; Comments...

  • "New Error" in Philanthropy.
    Levy, Alden; Thau, Richard // Nonprofit World; Jul/Aug95, Vol. 13 Issue 4, p26 

    The press reports alerted the public to a crisis at a major nonprofit institution, Philadelphia-based Foundation for New Era Philanthropy. Considering the massive media attention accorded these debacles, corruption and charity could become permanently linked in the public mind, with devastating...

  • Law watch.
    Levy, Alden; Thau, Richard // Your Church; Jan/Feb96, Vol. 42 Issue 1, p4 

    Reports on federal and state authorities dropping of the civil charges against Foundation for New Era Philanthropy and its pursuance of the criminal charges. Reasons for dropping the civil charges; Investigation for John Bennett, New Era's president and founder, charge with mishandling money;...

  • Ministries pursue disputed funds.
    Maxwell, Joe // Christianity Today; 8/14/95, Vol. 39 Issue 9, p56 

    Reports on developments concerning the class-action suit against the Foundation for New Era Philanthropy and its broker Prudential Securities. Legal maneuverings of several religious ministries to recoup investments lost; Uncovering of documentation; List of big losers.

  • Heaven can't help them.
    McGinn, Daniel // Newsweek; 6/5/1995, Vol. 125 Issue 23, p47 

    Focuses on Lancaster Bible College, one of hundreds of institutions that were victims of a scam by the Foundation for New Era Philanthropy. Details of the scam; How much the college, headed by Gilbert Peterson, lost; Laurance Rockefeller and William Simon, also victims; New Era founder John G....

  • Prudential settles New Era suit; investors eye larger payback.
    Frame, Randy // Christianity Today; 01/06/97, Vol. 41 Issue 1, p68 

    Reports on Prudential Securities' settlement of lawsuits against the bankrupt Foundation for New Era Philanthropy. Addition of funds to the pool of money for reimbursing New Era's victims; Recovery of charities lost in the investment scandal; Evangelical Council for Financial Accountability's...

  • New Era's Bennett to prison.
    Carnes, Tony; Smith, Bradford // Christianity Today; 10/27/97, Vol. 41 Issue 12, p86 

    Reports on the verdict given by Judge Edmund V. Ludwig to John G. Bennett Junior of the Foundation for New Era Philanthropy for carrying out a charity fraud case in America. Account of the origin and development of the charity fraud scandal; Foundation and reorganization of the Nova Institute...

  • Forgive us our trespasses.
    Parshall, Gerald // U.S. News & World Report; 5/29/95, Vol. 118 Issue 21, p15 

    Mentions that a boy climbing onto the roof of Sacred Heart School in Groton, Connecticut, was pinned by a statue of the Virgin Mary that fell on him. Also mentions the fall of John `Jack' Bennett Jr.'s Foundation for New Era Philanthropy.

  • New Era founder to sell assets.
    Parshall, Gerald // Christian Century; 2/7/96, Vol. 113 Issue 5, p125 

    No abstract available.

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