web analytics
July 4, 2015 / 17 Tammuz, 5775
At a Glance
News & Views
Sponsored Post


Haredi Tycoons Raising $100 Million to Replace Lapid’s Budget Cuts

Lapid is beginning to smell like a rose thanks to Haredi tycoons. He is taking yeshivas off the government dole and balancing the budget. How will yeshivas survive? The tycoons have an answer - money.
Ultra Orthodox Jewish youths studying religious texts at a Yeshiva in Jerusalem

Ultra Orthodox Jewish youths studying religious texts at a Yeshiva in Jerusalem
Photo Credit: Flash 90

Haredi tycoons are organizing to fill a $100 million gap for yeshivas following Finance Minister Yair Lapid’s elimination of the same amount of money that yeshivas have been receiving from taxpayers.

The Mishpacha magazine called the tycoon’s fund-raising campaign “a Lapid bypass plan “to help the world of the Torah get through the years of distress with a minimum of harm.”

If it works, everyone wins: The budget will come closer to being in the black, pardon the expression; the vast majority of Israelis will be relieved of blatant government purchases of Haredi votes in return for funding for yeshivas; the Haredi community will be more self-dependent; Torah study can continue; and perhaps the Hardy tycoons that men registered at yeshiva actually learn and do not simply pocket money to sit at home.

Wealthy Haredi businessmen are setting up a special $100 million fund in the next several weeks, according to Mishpacha.

Many of the rich Haredim already have committed large sums of money to replenish the bank accounts of yeshivas and to guarantee income to Torah students.

Another objective is to help encourage employment that is consistent to the Haredi lifestyle, similar to the Agudah communities in the United States.

There is also an initiative to foster employment and training of Haredi women in jobs consistent with the Haredi way of life.

However, the Haredi community has not given up on hopes of going back to the days of government handouts.

It hopes that after the fund runs for approximately 18 months, “the government will be replaced by a government more congenial to the Haredi public,” according to the magazine.

About the Author: Tzvi Ben Gedalyahu is a graduate in journalism and economics from The George Washington University. He has worked as a cub reporter in rural Virginia and as senior copy editor for major Canadian metropolitan dailies. Tzvi wrote for Arutz Sheva for several years before joining the Jewish Press.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

2 Responses to “Haredi Tycoons Raising $100 Million to Replace Lapid’s Budget Cuts”

  1. Anonymous says:

    Why do we have tuition crisis?

  2. Anonymous says:

    MIRACULOUS how revenues appear the minute the umbilical cord is cut. If the Haredi community has Tycoons , WHY should the Israeli tax payer have to support their lifestyle.

Comments are closed.

Current Top Story
Yesh Atid chairman Yair Lapid.
Opposition MK Yair Lapid to Save Israeli Gas Deal?
Latest News Stories
Yesh Atid chairman Yair Lapid.

If Lapid decides that his party will support the proposal in the Knesset, he will go down in history as the man who saved Israel’s gas industry and credibility.

ISIS top commander, Abu Bakr al-Baghdadi.

The world is discovering that the Islamic State may be its own worst enemy.

BDS Fails Again

The House of Bishops, led by Presiding Bishop Katharine Jefferts Schori, overwhelmingly defeated the Boycott, Divestment, Sanctions resolution.

UN Human Rights Council

US alone voted no on UNHRC Resolution condemning only Israel for wrongdoing in last summer’s conflict.

Sinai terrorists expanded their range of attack Friday, aiming rocket fire at southern Israel as well.

5:21 PM The rocket landed in a field in the Eshkol region. Apparently from Sinai. 5:06 PM Channel 1 reports that citizens say they saw the rocket fly over from Sinai. 4:49 PM IDF Spox says they believe only 1 rocket was launched. The IDF is examining if the rocket was launched from the Sinai. […]

Iran is not budging in nuclear talks on its refusal to allow spot inspections of military sites.

Nothing like a Kosher frank for the 4th of July, even if this year, you have to cook it before Shabbat.

Nothing quite like Hamas terrorist supporters on the Temple Mount openly waving their flags..

Machsom Watch women came to harass IDF soldiers in Hebron but embarrassed themselves instead.

A Palestinian Authority Arab was shot and killed after he attacked an Israeli army commander driving in near Jerusalem.

The US Mennonite church votes to table an anti-Israel BDS resolution for two years.

Israel has tightened security and is on high alert for Friday Ramadan prayers.

An Arab man was caught by Border Police on his way to committing a terror attack in Hebron on Thursday night

PM Binyamin Netanyahu warns that Israel now faces a double threat: from ISIS and Iran.

The closing of the highway, comes after Israeli security officials voiced concern that Waliyat Sinai, the ISIS-affiliated terror group responsible for the attacks, may be planning to strike Israel as well.

More Articles from Tzvi Ben-Gedalyahu
Israel Chief of Police Yohanan Danino arrives at the yearly event of the Police Investigations Department in Jerusalem

Yochanan Danino also distributed 200 books written in his honor and called, “My Father, the Commissioner.”

Nicholas Winton

“The Jewish people and the State of Israel owe an eternal debt to Nicholas Winton who singlehandedly saved hundreds of Jewish children from the Nazis,” Prime Minister Binyamin Netanyahu said Thursday after hearing of his death. Winton died in Britain at the age of 106. He saved hundreds of Jewish children from the gas chambers […]

Israel, like the non-radical Islamic world. will be happy see the ISIS beheaded for once.

IDF okays Egypt’s heavy arms in Sinai. Al-Sisi claims it is in total control over the Sinai.

Egypt attacks jihadists with F-16 warplanes. Israel closes borders to Gaza and Egypt.

“The Donald” is in the number two spot, shared with Ben Carson, in Iowa and Michigan after a survey that already placed him in the second spot in New Hampshire.

A demonstration and call for action against terror are scheduled for 6:30 p.m. Wednesday across from the official of residence of Prime Minister Binyamin Netanyahu in Jerusalem. Government officials got on the soap box after Monday’s night murder of Malachi Moshe Rosenfeld and spoke beautifully against Palestinian Authority incitement and terror. Action is something else. […]

Printed from: http://www.jewishpress.com/news/haredi-tycoons-rising-100-million-to-replace-lapids-budget-cuts/2013/05/21/

Scan this QR code to visit this page online: