An organization that holds opulent galas to raise money for foreign soldiers, received a forgivable federal loan of somewhere between $2 million to $5 million, while numerous American mom-and-pop businesses applied in vain for the coronavirus relief program.
The group, Friends of the IDF (FIDF), holds glittering extravaganzas around the U.S. that raise tens of millions of dollars for Israeli soldiers.
Celebrities like Barbra Streisand, Larry King, Sylvester Stallone, Robert de Niro, and Arnold Schwarzenegger have helped raise money at the events. Among the donors are Oracle CEO Larry Ellison, Sandra Spielberg, and philanthropist Tad Taube. FIDF has over $238 million in net assets.
Small businesses & U.S. veterans go without
Many small businesses around the country have been unable to obtain the coronavirus assistance loans.
One U.S. emergency grant program is already out of money, while nearly half of all small businesses worrythat they won’t be able to carry on due to the shutdowns.
Numerous other organizations that support Israel also received large grants, many in the $1million+ range.
~1,000 pro-Israel groups received millions of dollars in loans
The Jewish Telegraphic Agency (JTA) reports: “More than 1,000 Jewish organizations received federal coronavirus relief loans totaling approximately $540 million to $1.3 billion.” The vast majority of the organizations, perhaps all, support Israel.
JTA states: “Jewish groups had organized quickly to apply for the loans, with the Jewish Federations of North America, a national umbrella fundraising body, providing guidance on the application process.”
Jewish Federations represents 446 groups around the U.S. One of its major objectives is to “strengthen the State of Israel.” Its website boasted in May that even during America’s “worst health crisis in a century,” the San Francisco Federation had already “earmarked $804,000 for grants to Israel.”
Among other groups receiving the forgivable (don’t have to be paid back) loans are the Zionist Organization of America (net assets $38 million), Israeli American Council ($32 million net assets), Israel Emergency Alliance (gross receipts $17 million), ADL (gross receipts $80 million), Jewish National Fund (net assets $445 million), and Israel on Campus Coalition ($5 million net assets). (Financial information from GuideStar.)