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Role of U.S. Philanthropy in Israel Economy Depicted at Conference of Jewish Federations

October 20, 1950
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American philanthropy has been a primary bulwark for Israel’s economy, and has been by far its greatest source of aid, Stanley C. Myers, president of the Council of Jewish Federations and Welfare Funds declared here, addressing a regional conference of representatives of Jewish federations and welfare funds.

“American Jewry’s philanthropic efforts during the past year have not only been translated into relief and rehabilitation programs, but have provided the foreign exchange by which Israel has been enabled to import the products which it urgently requires, and has provided the ultimate assurance of repayment of loans and foreign credits,” he stated.

Israel’s needs over the next three-year period–particularly in 1951–are critical, Mr. Myers told the delegates. At the same time, he added, indispensable services supported by welfare funds nationally in this country, and in local communities, must be continued.

“These needs must be viewed in their totality and the primary task of the Jewish community welfare funds for 1951 will be to provide maximum philanthropic funds for Israel, overseas, national and local causes,” Mr. Myers asserted. “The Jerusalem conference emphasized that nothing must be done to harm this primary source of priority dollars for Israel, and that the United Jewish Appeal should be strengthened by continuing its campaign within the local welfare funds.”

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