The Ted Arsion Family Foundation extended a life line to the America-Israel Cultural Foundation (AICF), after it was in danger of closing in the wake of losses caused by the Madoff scandal

Over its 70 year history, the AICF has served as a major supporter of the arts, establishing central Israeli cultural institutions and providing grants to more than 11,000 artists. Due to the Madoff wrought, AICF lost $30M of its endowment deposits, but was rescued from devastation by a generous contribution from The Ted Arison Family Foundation, made by Jason Arison, head of the family foundation. (Grant made in 2010)

www.aicf.co.il