Did Bernie Madoff Bilk Mother Jones? (From the Editors)

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Okay, here’s the good news: Unlike other nonprofits, Mother Jones did not invest its portfolio with ponzi master Bernie Madoff. But here’s the bad news: In recent weeks, we’ve heard from major donors saying that they’ve taken such a beating in the market, they have no choice but to pull funding they already promised to us—funding that was paying for our kick-ass reporters in Washington. This is not General Motors-size money we’re talking about—about $125,000 so far has evaporated—but for an organization our size, it is a big chunk, especially at a time when we’re already slashing the budget to deal with the broader financial crisis and the severe downturn in print advertising. Managers are taking pay cuts, we’ll be running somewhat smaller issues, we’re subletting office space, but at this point the only way to reduce expenses even further is to lay off reporters and cut back on investigating the powers that be. That’s the last thing we want to do: With Washington in transition and billions flying out the door, someone has to dig into where the bailout money is going.

This is where you come in. We’re not asking you to pay for private jets or chauffeured Town Cars; every penny of your donation goes to the overworked, underpaid investigative reporters whose work you see here every day. Anything helps, and it’s super easy—just follow this link. Think about it: Right now the Wall Street bailout has each and every one of us on the hook for $11,600 and counting. We’ll keep track of your money for a lot less than that.

TIME IS RUNNING OUT!

We have an ambitious $350,000 online fundraising goal this month and it's truly crunch time: About 15 percent of our yearly online giving usually comes in during the final week of the year, and in "No Cute Headlines or Manipulative BS," we explain why we simply can't afford to come up short right now.

The bottom line: Corporations and powerful people with deep pockets will never sustain the type of journalism Mother Jones exists to do. And advertising or profit-driven ownership groups will never make time-intensive, in-depth reporting viable.

That's why donations big and small make up 74 percent of our budget this year. There is no backup to keep us going, no alternate revenue source, no secret benefactor. If readers don’t donate, we won’t be here. It's that simple.

And if you can help us out with a donation right now, all online gifts will be matched thanks to an incredibly generous matching gift pledge.

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TIME IS RUNNING OUT!

We have an ambitious $350,000 online fundraising goal this month and it's truly crunch time: About 15 percent of our yearly online giving usually comes in during the final week of the year, and in "No Cute Headlines or Manipulative BS," we explain why we simply can't afford to come up short right now.

The bottom line: Corporations and powerful people with deep pockets will never sustain the type of journalism Mother Jones exists to do. And advertising or profit-driven ownership groups will never make time-intensive, in-depth reporting viable.

That's why donations big and small make up 74 percent of our budget this year. There is no backup to keep us going, no alternate revenue source, no secret benefactor. If readers don’t donate, we won’t be here. It's that simple.

And if you can help us out with a donation right now, all online gifts will be matched thanks to an incredibly generous matching gift pledge.

payment methods

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