From the Canadian Jewish News:
… In his keynote address [at a Yeshiva event in Montreal recently], [Richard] Joel, who has been YU president since 2003, made an appeal for greater financial support from Montrealers, as well as for them to send more of their children to YU.
He said the university spends about $2.5 to $3 million a year educating those Montrealers, but receives only about $750,000 to $850,000 in revenue in any given year from Montreal.
“The economy is awful, and we are operating in a major deficit,” he added.
Joel did not refer to the $14.5 million YU has said it lost in the fraud allegedly perpetrated by Bernard Madoff, who was a member of its board of trustees…