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Israel President Donates Half of His Salary to History Fund

January 9, 1963
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President Izhak Ben-Zvi expressed today his concern about the “dizzying gallop” in Israel’s living standards and termed it one of the “grave dangers” to Israel’s economic independence.

The President made his views known in a letter to the Parliamentary finance committee in which he said he had decided to devote half of his 18, 000 pound ($6,000) tax-free annual salary to a special fund for the preparation of documents on the history of the Jews and Eretz Israel for research and publication.

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