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The foundation would replace a philanthropic organization that Picower and his wife had headed and which closed when the Madoff fraud unraveled last December. The autopsy was performed today. Click here to purchase "The Madoff Chronicles" from Amazon.com. Krebs, who leads the foundations work on poverty, says that listening to the people were trying to help is a core method of learning about the subject area. Its top grantee in this program, the Center for Community Change, is well-known for its deep ties to frontline advocates and practitioners, and JPB has worked closely with the organization in developing its poverty portfolio. Some investigators considered Picower to have been the actual mastermind of Madoff's massive con, or at least an equal "partner in crime.". She will be chair of a large and yet unnamed tax-exempt charitable foundation that is slated to be endowed with everything leftover in Jeffry Picowers estate in excess of $250 million. Engaging communities is front and center in our efforts. In less than a decade, JPB has carved out a unique role for itself in two grantmaking fields, poverty and the environment, that are crowded with other funders. Within two weeks, the $125 million deposit had purportedly grown to $164 million because of a dramatic gain on the securities held in the accountall of which supposedly had been purchased three months earlier Five months later, Mr. Picower withdrew his original $125 million, leaving $81 million in the account. Promoting justice. [25][26] According to a June 28, 2009, MSNBC article, that would make Picower and his wife the biggest beneficiaries of Madoff's scam, exceeding even Madoff himself. The JPB Foundation had $1.1 billion in assets as of the end of 2012, tax records show. Zabel was also a trustee of the Picower Foundation.. [12] When the IRS challenged their validity, one of Picower's clients sued him and the firm. Join us in celebrating The Picower Institute for Learning and Memory's 20th Anniversary! Foundation run by Madoff's largest beneficiary's widow grants $104 Barbara Picower President April C. Freilich Chief Operating Officer and Senior Vice President Gerald C. McNamara Chief Investment Officer Dana Bourland Senior Vice President, Environment & Strategic Initiatives Betsy Krebs Vice President, Poverty. According to tax records, JPB had $1.1-billion in assets at the end of 2012more than the . Jeffry Picower Net Worth: A Look Into the Wealth of the Businessman 442 m2 on private land with a sunny deep garden with garden house in the back. Specifically, Picower is making big bets in organizations such as CCCthe hubsand then going further by funding nonprofits whose work is complementarythe network. He and his wife ran the Jeffry M. & Barbara Picower Foundation a not-for-profit foundation with over $614 million assets under management. Picard claimed in court filings that Picower was a key beneficiary of Madoff's scheme. [21] Longtime friend Bernard Madoff managed foundation assets listed at over $1 billion. She said that she had found her husband at. Picower is believed to have been the . JPB's president, Barbara Picower, identified by Inside Philanthropy as one of the nation's most powerful women in philanthropy, joins the ranks of other radical abortion funders like Melinda Gates, co-chair of the Bill and Melinda Gates Foundation; Carol Larson, president and CEO of the Packard Foundation; and Susan Buffett, chair of the Susan "There was a 15 minute window from the time that she saw him actually conscious and swimming in the pool until she went back out and saw that he was not responding and that he had actually gone to the bottom of the pool," a rescue worker told ABC News.