A quarter of a million dollar fund to be matched by a similar fund by the Israeli Ministry of Education was contributed by Phillip Stollman of Detroit, a prominent American Zionist leader and chairman of the Bar IIan University Board of Trustees, to help underprivileged students in Israel.
Announcing the contribution, Pinhas Sapir, chairman of the Jewish Agency Executive and Eliezer Shmueli, Deputy Director General of the Ministry of Education, who will jointly administer the fund, said that the original contribution and the matching funds from Israel are expected to yield an annual income of about IL 250,000.
It will provide scholarships in boarding schools to some 350 underprivileged religious high school students. Stollman added a proviso that beneficiaries wishing to continue education at Bar IIan University could have their scholarships extended for this purpose.
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