The amount of $5,300,000 will be sought this year by the New York Federation for the Support of Jewish Philanthropic Societies. This sum is more than $500,000 in excess of Federation’s 1927 total, it was announced at a dinner of the Businessmen’s Council of the Federation held at the Roosevelt Hotel Wednesday night.
Arthur S. Meyer of the Executive Committee of the council declared that a comparison of philanthropic gifts with income tax returns showed that while 2 per cent of the people paid 85 per cent of the income taxes, the 3 per cent of the public representing the heaviest contributors to charity gave only 57 per cent of the total contributed. This, he asserttd, indicated that persons with large incomes were allowing those with small incomes to bear more than their share.
Justice Joseph M. Proskauer said that society was barbarous so long as it did not provide opportunity for every one to earn an honest living, and that it was therefore the duty of the Federation and similar organizations to assist those in distress.
Felix M. Warburg, Chairman of the Federation Board, who presided, announced new officers of the council. They were Frederick Brown, Arthur Lehman and Percy S. Straus, Honorary Chairmen; Eli H. Bernheim, William Goldman, Bernard K. Marcus and Henry Samstag, Vice Chairmen; Colonel H. A. Guinzburg. Treasurer; Walter E. Beer, Associate Treasurer, and Albert J. Erdmann, Secretary.
Others speakers were Dr. Samuel Lowenstein and David Lawrence.
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