With $12 Million, Abraham Initiatives Establishes Endowment Fund
The Abraham Initiatives has announced the establishment of an endowment fund, with commitments totaling over $12 million dollars. The fund is planned to enhance the organization’s stability, and enable it to implement long-term goals towards a vision of an equal Jewish-Arab shared society in Israel.
The fund is to be established by commitments from the organization’s four lead donors – the Fohs Foundation, Abraham Initiatives co-Chair Orni Petruschka, Abraham Initiatives Board Member Claude Ghez, and the Alan B. Slifka Foundation, representing The Abraham Initiatives’ visionary founder. It was initiated by Fohs Foundation Chairman and former Abraham Initiatives co-Chair and current Board Member, Howard Sohn.