NEW YORK (Sep. 26)
Harold Glasser, director of the Institute on Overseas Studies of the Council of Jewish Federations and Welfare Funds, left for a prolonged stay in Israel to conduct on-the-spot studies of important problems there, it was announced here today by Stanley C. Myers, C.J.F.W.F. president.
Mr. Glasser will return periodically to the United States to report his findings to communities. He will survey the basic economic situation in Israel and analyze the trends in the development of the country. He will also study the functions of agencies raising philanthropic funds in the United States. His first report will be made early in November to the Board of Directors of the Council of Jewish Federations and Welfare Funds and to lay and professional community leaders of the Large City Planning Conference arranged by the Council.
“Studying Israel’s financial and economic needs, Mr. Glasser will seek information on the means by which such needs can be met by the American Jewish community,” a statement issued by the C.J.F.W.F. said. “This will involve a determination of the lines of demarcation between philanthropy, private investment and governmental functions. Other problems which will be surveyed by Mr. Glasser will include methods and facilities for transmitting funds between American Jewish organizations and their Israel counterparts, efforts to obtain foreign investment capital in Israel, utilization of the Export-Import Bank Loan, and progress in meeting Israel’s housing shortage. He will also report the progress being made by the Jewish Agency and other groups in attempting to supervise and control the development of United States campaigns for Israel purposes,” the statement said.