The Histadrut Foundation has raised over $29 million in long-term commitments for labor, economic, health, education and welfare programs in Israel, it was reported here yesterday by Sol Stein, president of the Foundation at its annual West Coast conference. He said that $5 million has been raised so far in the Western region,
Stein said that a major aspect of the Foundation’s goals is to help provide a $25 million mortgage fund for the construction of 5000 residential units in Israel for young married veterans and other couples, He said the Foundation expects to raise $5 million in the U.S. and Canada in the form of Histadrut charitable trusts and annuity trusts which pay the donor a life income of 8.5-19 percent annually depending upon his age.
The long-term commitments of the Foundation are in the form of bequests, charitable trusts, assignments of insurance policies and various types of licensed income plans.
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