Madoff scandal may impede Penn research
The financial fraud of New York financier Bernie Madoff did not affect Penn's endowment, University spokeswoman Lori Doyle said - but that doesn't mean the University wasn't affected in other ways. Last month, the Picower Foundation of Florida - which funded two Penn research projects - announced that it would cease all grantmaking because the foundation lost its entire endowment with Madoff.









