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Andrew and Mark Madoff's Foundations


Links to the 990s filed by the Deborah and Andrew Madoff' Foundation in 2004. 2005 and 2006. Link to a late filed 2003  $3 million contribution disclosure.

Link to the 990 filed by the Stephanie and Mark Madoff Foundation in 2007.

In 2004 and 2005, Andrew's foundation was unaudited. In 2006, he engaged PriceWaterhouseCooper's Pittsburgh office. The 2007 990 is not avaialble online.

Mark Madoff formed his foundation in 11/07 and the books were closed on 12/31/07. The Foundation's activity for the two-month period consisted of a single $2 million money market deposit. PriceWaterhouseCooper's Pittsburgh office signed off on the 990.

There is no way of telling whether the brokerage statement submitted by Andrew is real or a cut and paste job. He did not provide evidence that he contributed $500k in cash in 2006.

Mark could have deposited the $2 million in 110/7 and moved it after 12/31/08.

Since I believe the entire Madoff family was in on this scheme, I wouldn't trust any information provided by any Madoff.

For example, a simple 990 was sent to a Big Four's office in Pittsburgh. Was using the NY office where someone might know about the Madoffs too risky?   

 

 


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Mrs Panstreppon

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