It’s been another week of fear and anguish in Israel yet, you continue to show up for your community. As of this writing, you have sent close to $30 million across over 2,500 grants for Israel relief efforts. Today, I want to highlight ways you can support Israel through investments in your JCF account
1. Israel Bonds
Administered by the Development Corporation for Israel, Israel Bonds have been supporting Israel’s growth for over 70 years, helping the country evolve into a global leader in high-tech, greentech, and biotech. Israel bonds help to provide Israel with financial resources and stability at this dark hour.
2. JCF-Ogen Israel Impact Loan Program
Ogen is the leading organization working for financial inclusion in Israel. They have responded to this emergency by providing interest-free and heavily subsidized loans for Families & Individuals and Small Businesses & Nonprofits. Additionally, Ogen has established a hotline for financial and managerial advice and support.
- Families & Individuals: Ogen supports families and individuals in Israel facing financial distress by providing loans alongside comprehensive financial recovery tools. The war will bring extremely challenging scenarios for families who have been torn from their homes, and lost loved ones and their livelihoods. Ogen plans to assist over 5,000 people.
- Small & Micro Businesses: SMEs are the cornerstone of Israel’s economy. In war-torn areas of the South near Gaza, hundreds of business owners are struggling to pay salaries and manage their financial commitments. Ogen’s goal is to help over 2,000 employees.
- Non-profits: Israel’s non-profit sector plays a vital role in the social fabric of the country. Non-profits are at the forefront of efforts to support the people of Israel during these times of crisis and provide for urgent needs (such as shelter, food, and clothing). Ogen will impact over 800 non-profit employees and over 20,000 beneficiaries.
In response to recent events, JCF is lowering the minimums to make an Ogen loan from $250,000 to $100,000. You must maintain a minimum of $200,000 in your JCF account and cannot loan more than 50% of your total balance. The loans have a 5-year term.
To access Israel Bonds, please use JCF’s Investment Recommendation Form.
To make a 5-Year Loan to Ogen, please use this form or reach out to Igor Musayev, Senior Director of Investment Management, at [email protected].
You can also make a grant to Ogen by selecting American Friends of Ogen in JCF’s portal.
Am Yisrael Chai,
Rachel