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.
These are held despite the fact that numerous organizations have documented massive human rights violations by Israeli forces (see video below). The U.S. gives Israel over $10 million per day in military aid.
Last year’s FIDF fundraiser in Manhattan raised $37 million, one of 20 chapters around the country. A 2018 gala in Beverly Hills raised $60 million and a 2017 gala raised over $53 million. Its annual chair, billionaire dual citizen Haim Saban, is a major Clinton donor. (video below)
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 worry that they won’t be able to carry on due to the shutdowns.
The loan program accessed by FIDF, Paycheck Protection Program (PPP), has been accused of favoritism, as some billionaires received loans while struggling small businesses went bankrupt.
Donations to FIDF are tax-deductible, which means they remove thousands of dollars (perhaps far more) from the U.S. economy.
“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.
Among the those 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 assets), Israel Emergency Alliance (gross receipts $17 million), ADL (gross receipts $80 million), and Jewish National Fund (net assets $445 million), and Israel on Campus Coalition ($5 million net asssets). (Financial information from GuideStar.)
By Lisa Pease | Consortium News | September 16, 2013
More than a half century ago, just after midnight on Sept. 18, 1961, the plane carrying UN Secretary-General Dag Hammarskjöld and 15 others went down in a plane crash over Northern Rhodesia (now Zambia). All 16 died, but the facts of the crash were provocatively mysterious. … continue
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