TEL AVIV (Aug. 23)
The Scholarship Fund of the America-Israel Cultural Foundation has been named the Moshe Sharett Fund for Young Artists, in memory of the late chairman of the Jewish Agency executive and former Israeli Premier, it was announced here.
Israeli Supreme Court Justice Moshe Landau made the announcement at a concert last night in honor of the 25th anniversary of the Foundation. Violinist Isaac Stern, president of the Foundation, was welcomed by Justice Landau." The jurist also announced that the Foundation would increase its activities in fields in which it is currently not participating.
A special appeal, headed by Shimon Peres, former Deputy Defense Minister, has been launched to increase the Israeli share of financing the Foundation’s budget from about 20 percent to 50 percent.
Dr. Yeshayahu Shapiro, chairman of the Scholar ship Fund, said that, in its 10 years, the fund had distributed 75 0, 000 Israeli pounds ($25 0, 000) to 1, 634 young Israeli artists. He said that, this year, 322 young Israelis have won scholarships.