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Jewish Agency budget stung by lower donations, weak dollar By Anshel Pfeffer, Haaretz Correspondent Tags: Jewish donors, Israel  The Jewish Agency will be forced to cut an estimated $30 million from its budget - about 10 percent - because of a decrease in donations from the United States and the eroding value of those donations due to the falling dollar, organization officials said. The Jewish Agency is funded by donations from Jews around the world, and two-thirds of the money is sent via the United Jewish Communities of North America. Most of the donations are in dollars, but the Jewish Agency pays its employees in shekels, so the dollar's decline is causing problems. In addition, the major American Jewish donors have become less willing to contribute to the Jewish Agency's general fund, preferring to donate to their pet projects through private funds. The organization's attempt to find new sources of income by cooperating with Russian-Israeli financier Arcadi Gaydamak last year and the International Fellowship of Christians and Jews this year ran aground due to differences of opinion over control of the funds. Advertisement Jewish Agency leaders are due to present a reorganization plan at the board-of-governors meeting in Jerusalem in three weeks. More Jewish World news and features Related articles: Jewish Agency turns to Haredi donors as budget dwindles Jewish Agency aliya chief quits over policy changes PM: Jewish Agency still has key role in bringing Jews to Israel Bookmark to del.icio.us   Word wars Hamas reverses effort to improve portrayal of Jews in Palestinian text books. Cyber-pimps beware MK Gal-On's proposed bill would jail 'online brothel managers' for 5 years.

Read & React Olmert to AIPAC: We must stop Iran threat by all possible means Responses: 33 Diplomats: Syria won't let IAEA see 3 alleged nuclear sites Responses: 21 Assad says talks hinge on stability of current Israeli cabinet Responses: 5 Moshe Arens: A truce in Gaza means victory for the terrorists Responses: 3 Rosner's Domain Americans want talks with Iranian leadership (WTR) Obama leads in Lieberman land (WTR) McCain has been hammering at Obama Guest: Why educate child as Jew when he is not Jewish? Poll: What political option is better for Israel? More Headlines 08:20 Olmert to AIPAC: We must stop the Iranian threat 10:25 Suspected Haredi child abuser Elior Chen turns himself in to Brazilian authorities 09:10 Obama wins Democratic vote, but Clinton won't concede 09:55 Diplomats: Syria won't let IAEA visit 3 suspected nuclear sites 09:51 Ex-finance minister Hirchson indicted for stealing NIS 2M 08:51 Assad says talks hinge on current Israeli cabinet 03:02 Jewish Agency budget stung by lower donations, weak dollar 10:25 Out of the closet, into the center: Tel Aviv's first Gay community center opens its doors 02:50 Learning how to get up in the morning 08:21 Kadima leaders jostle to find date for primary; Hanegbi eyes Sept. 08:02 Police chief hints Olmert's aides leaked details of Talansky case 09:06 When Israel's 60th anniversary celebration turns into a deficit Previous Editions Select Day 03 jun 02 jun 01 jun 30 may 29 may 28 may 27 may 26 may 25 may 23 may 22 may 21 may

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