New Ambulance for MDA (Israel Bonds)
Israel Bonds reported that it raised $200 million around the world since the barbaric Hamas terror attack on Israel on Saturday, October 7. Out of the total, $150 million of the bonds were purchased by U.S. state and local governments.
The Commonwealth of Pennsylvania, Florida Department of Financial Services, Illinois State Treasurer, New York State Common Retirement Fund, Texas Comptroller of Public Accounts – State Treasury, Treasurer of the State of Ohio, Palm Beach County, and Cross River all purchased Israel Bonds.
“The response across many U.S. states was immediate and demand exceeded the amount of Israel bonds that we were able to sell at that time,” Dani Naveh, president of Israel Bonds, said in a statement.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.
Also, Israel Bonds announced that what it called a “unique program” allowed 40 Israel Bonds investors to join together to buy an ambulance in conjunction with American Friends of Magen David Adom (AFMDA – Israel’s Red Cross). The cost of the ambulance, $100,000, is usually purchased through a donation from one individual.
But a few years ago, then Israel Bonds Pennsylvania Region Executive Director Harold Marcus approached AFMDA Philadelphia Director Sharon Schmidt had the idea to let individuals purchase an Israel bond in smaller amounts and then donate them to AFMDA. When the aggregate of bonds donated equals $100,000, the Israel Bonds Pennsylvania Region/ Development Corporation for Israel will purchase an ambulance.
Israel Bonds President Dani Naveh issued a statement expressing his gratitude to the American government for its support of Israel at this time of crisis.
“The extent to which the United States has supported Israel is incredible, demonstrating how this support cuts across partisan lines and is deeply rooted nationwide,” he said.”
“The response across many US states was immediate and demand exceeded the amount of Israel bonds that we were able to sell at that time,” added the Israel Bonds president. “At the same time, thousands of Jews from all over the world have been expressing their support for Israel by also purchasing bonds for themselves and on behalf of various organizations such as hospitals, emergency service organizations, and an organization supporting Israeli soldiers.”
“We cannot thank you enough for your support,” declared Dani Naveh.
Development Corporation for Israel/Israel Bonds ranks among Israel’s most valued economic and strategic resources, with a record of proven success spanning over 70 years. Praised for its dependability, the Bonds organization has helped build every sector of Israel’s economy.
Partnering in Israel’s success story through investment in Israel Bonds is global in scope. Worldwide sales have exceeded $49 billion since the first bonds were issued in 1951.
