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Deficit of $2,000,000 Disclosed by Federation of Jewish Philanthropies of New York

The combined budget of the institutions affiliated with the Federation of Jewish Philanthropies of New York has a deficit of $2,100,000, Benjamin Lazarus, chairman of the federation’s fund drive, disclosed here over the week-end. Lazarus attributed last year’s deficit to increased costs for commodities, salaries and services. He warned that if the federation’s current campaign, with a goal of $16,500,000, is not successful “the resultant curtailment in federation-affiliated institutions will be even more serious and dangerous.”

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