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The Mitzvah Factory

Billionaires Michael and George Karfunkel opened nonprofit foundations to share their good fortune. Through the donation of large blocks of shares of AmTrust Financial Services — an insurance concern they built in the 1990s — their foundations have amassed considerable size as the share price has risen. Yet, a hard look at how these foundations operate leaves a lot more questions than answers.

August 17, 2014 https://ffj-online.org/2014/08/17/the-mitzvah-factory/