updated 1/30/2009 1:50:34 PM ET 2009-01-30T18:50:34

The Carl and Ruth Shapiro Family Foundation is telling dozens of nonprofits in the Boston area that it will make no new grants this year after losing roughly $145 million in the Ponzi scandal allegedly run by Bernard Madoff.

Executive director Jean Whitney said in a letter to the heads of 80 nonprofits dated Friday that the move is to ensure the long-term health and stability of the foundation, which lost nearly half its assets.

The foundation will honor about $9 million of existing pledges.

The Boston Globe reported the philanthropy has given out $100 million in the past decade — including $18 million last year.

The foundation was founded in 1961 by Carl Shapiro, who made his fortune in the apparel industry.

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