Keren Hayesod (Also Keren Ha-Yesod)
KEREN HAYESOD (also Keren ha-Yesod)
Fundraising division of the World Zionist Organization (WZO). Jewish foundation fund for amelioration and assistance, created in 1920 as the major fundraising division and financial institution of the WZO. Prior to 1948, Keren Hayesod was involved in financing immigration, housing, and rural settlement. During the Arab-Israel War in 1948, the agency purchased arms for the Jewish military. After the establishment of the State of Israel in 1948, Keren Hayesod focused on economic development in partnership with the private sector. In the United States, the agency functions as part of the United Jewish Appeal, raising funds for immigration and social services in Israel.
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Keren Hayesod (Also Keren Ha-Yesod)
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Keren Hayesod (Also Keren Ha-Yesod)