Germany to give $720 million to Holocaust survivors globally

By AP News

Share:

BERLIN (AP) — The organization that handles claims on behalf of Jews who suffered under the Nazis said Wednesday that Germany has agreed to extend another $720 million (647 million euros) to provide home care and supportive services for frail and vulnerable Holocaust survivors.

BERLIN (AP) — The organization that handles claims on behalf of Jews who suffered under the Nazis said Wednesday that Germany has agreed to extend another $720 million (647 million euros) to provide home care and supportive services for frail and vulnerable Holocaust survivors.

The New York-based Conference on Jewish Material Claims Against Germany, also referred to as the Claims Conference, said the money will be distributed to more than 300 social welfare organizations globally.

“We are proud to announce this significant allocation at a time when these funds are critical, due to the age, poverty and increasing disability of our waning survivor population,” said Gideon Taylor, the organization's president.

"We know these funds provide vital support during these difficult times,” he added.

The additional funds constitute the largest amount ever allocated for the Claims Conference for welfare services in a single year, the organization said in a statement. It estimates the funds will pay for services for approximately 120,000 impoverished Holocaust survivors.

Since 1952, the German government has paid about $90 billion to individuals for suffering and losses resulting from persecution by the Nazis.

The Claims Conference last year distributed $653 million in grants to hundreds of social service agencies worldwide.

The funds are distributed to social welfare organizations in regions where significant numbers of survivors live, to ensure vital services, such as home care, medical care, emergency assistance and food are available for Holocaust survivors there.

“Survivors will be supported wherever they live, whether war-torn areas or conflict zones, and no matter the obstacle," said Greg Schneider, the Claims Conference's executive vice president.

With the end of World War II now more than 76 years ago, all living Holocaust survivors are elderly, and many suffer from numerous medical issues because they were deprived of proper nutrition when they were young.

Many also live isolated, having lost their families in the war. Many Holocaust survivors came out of the war with nothing and are still impoverished today.

Share:

Author: AP News

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

Originally published by Associated Press Valuethemarkets.com, Digitonic Ltd (and our owners, directors, officers, managers, employees, affiliates, agents and assigns) are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above.

Sign up for VTM Updates

Form submitted successfully!

Top Picks for Q2 2022

View More

Crypto Corner

Learn your NFTs from your BTCs