4. Resolution for Multi-Year Funding: Ramat Hadassah Szold Youth Village
Be it resolved that:
Whereas: in 2003 the Board of Governors approved JAFI's multi-year funding commitment for the Ramat Hadassah Szold Youth Village (hereinafter “Youth Village”), and therefore JAFI signed a 5 school year cooperation agreement with R.A.M.G.G.A. Management & Holdings Ltd. (a company controlled by Mr. Avi Naor) and Hadassah, the Women's Zionist Organization of America, Inc; and Whereas: the Youth Village is a leading residential educational establishment for the benefit of immigrant youth and youth at risk, and therefore, through the abovementioned cooperation agreement, the Youth Village has constituted a national model for residential education and a model for cooperation between government, institutional and private bodies in Israel and abroad; and Whereas: R.A.M.G.G.A. has agreed to commit to participate in the budget of the Youth Village in the amount of $650,000 per annum until the end of 5772, subject to a JAFI multi-year commitment of $2.65 M U.S. per annum for the period of 5770 – 5772 (September 2009- August 2012) for the continued operation of the Youth Village; and Whereas: the Israel Committee recommends that JAFI sign a multi-year commitment until the end of 5772 in order to continue to support the Youth Village; and Whereas: JAFI wishes to sign such a multi-year commitment;
Therefore be it resolved that:
1. A multi-year commitment of $2.65 M U.S. per annum is approved for JAFI's participation in the budget of the 2. The Finance Department is authorized to incur, on a multi-year basis, financial obligations for implementation of the undertakings of JAFI as described above in accordance with the cooperation agreement to be signed with R.A.M.G.G.A. regarding the management of the |