More than 500 West Coast supporters of the 17-year-old Israel Histadrut Foundation celebrated the 10th anniversary of the reunification of Jerusalem and applauded the report that the Foundation’s cumulative total commitment to Israel is nearing the $48 million mark at a Beverly Hills luncheon yesterday. The jointly-sponsored Foundation-Pioneer Women event heard the founder-president, Dr. Sol Stein, of New York, announce that with the help of the newly-established Canadian branch the Foundation has raised $47,537,000 in charitable bequests, testamentary trusts, annuity programs and other long-term commitments for Israel.
A principal focus of the program is the Histadrut Annuity Trust campaign to provide home mortgage funds for Israeli veterans and newly-married couples, a program which earns contributors a 9.5 to 18.5 percent lifetime dividend, depending on age, and “a 100 percent return in satisfaction,” Stein said.
Thus far in the current fiscal year beginning last Oct. 1, the national foundation raised $3.5 million, of which $1,261,726 or 36 percent came from the Greater Los Angeles area.
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
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.
