Cash receipts of the Israel Bond Organization since its inception in 1951 passed the $6 billion mark following a nationwide cash collection effort in honor of Sam Rothberg, its General Chairman, for his 40 years of service to Israel, it was announced here by Rabbi Leon Kronish, National Campaign Chairman.
The special campaign, which began on November I produced more than $91,289,000 in cash. The $6 billion cash figure was reached on Tuesday, December 21. Cash receipts of the Bond Organization for the 1982 campaign, which will be completed on December 31, are expected to exceed $500 million.
Kronish declared: “This accelerated cash campaign, which achieved our $6 billion milestone, was the most meaningful possible expression of our deep appreciation to Sam Rothberg for his leadership of our organization and his lifetime of service to Israel. There is not a single Jewish community in the United States, Canada, Europe and Latin America which has not been touched by his dynamic leadership and his forcefulness in behalf of Israel.”
Of the $6 billion in Israel Bonds which have been sold since 1951, a little over $3 billion has been repaid by the State of Israel. Every Israel Bond which has matured has been redeemed fully and on time, and all interest payments have been made promptly. It took 16 1/2 years for the Bond Organization to raise the first billion dollars and only slightly more than two years to produce the sixth billion.
Help ensure Jewish news remains accessible to all. Your donation to the Jewish Telegraphic Agency powers the trusted journalism that has connected Jewish communities worldwide for more than 100 years. With your help, JTA can continue to deliver vital news and insights. Donate today.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
