A major regional foundation that supports Jewish charities and manages nearly $200 million in assets has placed its chief executive officer on leave and has hired an outside firm to review its policies, The Buffalo News has learned.
Peter Fleischmann, who has directed the Foundation for Jewish Philanthropies since 1982, confirmed he stepped away from his duties in late June. He said he remains CEO during his paid leave.
“I am taking some time off while the foundation conducts an internal audit of our policies and procedures, which I fully support and which I am cooperating with completely,” Fleischmann said in an interview Thursday.
The auditors are looking at processes related to the handling of donations to the foundation, attorney Raymond Fink, the board president, said on…
