Worldwide Bnei Akiva On The Verge Of Financial Collapse
Zionist Orthodox youth movement is millions of shkels in the red
Shmarya Rosenberg • FailedMessiah.com
The Zionist Orthodox youth movement Bnei Akiva is millions of shkels in the red, Ynet reported today.
The worldwide movement is facing a severe cash flow problem due to a significant decrease in money received from American donors, and drastic cuts in funding from the Jewish Agency, World Zionist Organization and Education Ministry. The Education Ministry cut $200,000 from Bnei Akiva. The Jewish Agency, cut more than $1 million. The cuts were from funds already budgeted for Bnei Akiva, and that Bnei Akiva expected to receive.
Ynet reports that at least half of Bnei Akvia’s employees have been fired, entire departments have been shut down, and that its worldwide mission is imperiled.
Bnei Akvia claims more than 100,000 people who participated in its Diaspora programs have made aliyah, immigrated, to Israel. It has 20,000 active participants and 200 active emissaries worldwide – although those numbers are expected to fall in the coming months because of Bnei Akiva's financial collapse.