New fund backed by tech execs to donate government Covid-19 aid packages to Israelis in need
The Israeli government recently approved a one-time grant that will be paid to each citizen directly, regardless of their financial situation
The Israeli government recently approved a one-time grant that will be paid to each citizen directly, regardless of their financial situation. The grant is expected to land at citizens’ bank accounts as early as this week, with each adult receiving NIS 750 (approximately $220). An additional sum of NIS 500 (approximately $145) will be paid for each child up to four children, and NIS 300 (approximately $88) for each additional child.
A number of companies and organizations—including at-home water carbonation products company SodaStream International Ltd., Microsoft Israel, Pitango Venture Capital, hardware and software company Applied Materials Inc., pesticides manufacturer Adama Ltd., data analytics startup Optimal Plus Ltd., and pharmaceutical company Perrigo Co. PLC—have partnered with the fund announcing they will match the donations made by employees. Former Israeli military Chief of Staff Gadi Eizenkot has been appointed head of the fund’s advisory board.
The fund will not support people who are already receiving aid from the state and will only support those whose income was severely affected by the crisis. Accounting firm Ernst & Young (EY) Israel and law firm Meitar Liquornik Geva Leshem Tal will provide their services to the fund for free.
Israeli citizens will soon receive a government grant, Eden, a former senior vice president at Intel, said in a statement, “but not all of us need it to get through the month. There are those who do and this is not a political matter, but a matter of national responsibility.” No child should be hungry and no family should be thrown out of its apartment, he said. “It is unjust and unfair and should not happen anywhere,” he added.
"Many Israelis are suffering from hunger due to the coronavirus crisis and we must all chip in and help, not just the state,” Peres, who is a co-founding partner at Pitango, said in a statement. “Every shekel and every donation counts and we encourage members of the public to donate as generously as they can,” he added. “We are facing a crisis with no visible end but the damage it is doing is already severe.”