NEW YORK (May. 19)
The purchase of an additional $1 million of State of Israel Bonds has been authorized by the Board of Trustees of Federation of Jewish Philanthropies. This brings Federation’s investment total in Israel Bonds to $2 million. Newly elected Federation president, Lawrence B. Buttenwieser, in announcing the Board’s decision on May 10, noted that the action resulted from a recommendation of its Executive Committee. The conclusion of the Executive Committee, Buttenwieser stated, was based upon “broad Jewish communal considerations.” An initial purchase of $1 million of Israel Bonds was made by Federation in 1967.