Skip to main content
Philanthropy Journal Home

Philanthropy Journal News

Holocaust funds – Charitable causes to benefit

 | 

Israel and world Jewish groups are creating a foundation to oversee funds from nearly $9 billion in Holocaust reparations and channel the funds to charitable causes, Reuters reported Aug. 22.

Jewish groups are expected to use the money for causes such as education and rebuilding European communities destroyed by the Nazis.

Over the past five decades, the groups have been designated as hairs of the six million people killed by the Nazis.

Non-Jewish Holocaust survivors are expected to get reparations, as well. Eastern European forced laborers, for example, will receive nearly $70 percent of the $4.8 billion fund for Nazi-era workers that Germany agreed to in July.

For full story, go to Altavista.

Leave a Response

Your email address will not be published. All fields are required.