903010-00 60 NESR HISTORICAL SOC 44^ « ST - LINCOLN NE
SERVING NEBRASKA AND iOWA SMCE1920
66508
Aprilfj 1^^ I
Vol. LXVR N». M OiMlM, N«br.
21
«, orei moaf, mfnr§, ilvi
'edemtlon (Urectors alerted
Special meeting called to discuss loan guarantees for one million Jews emigrating to Israel By MoRia MObu Should tha Qmali^ J—rifJi mnnwin^f<y jmiir«m^^n. }n^nn that art made to Soviet Jewa emigrating to braat^ Tbe queation of loan guaranteea phia Omaha'a continuatioo of the Operation Exodus fimck-aiaing campaign wiU be diso^tod In; Federatioo directora at what has bean deacribad as' A^apedal extraordinary board meeting." The meeting, called by FedecmtioD President Jay R. Lamer, will take place Monday nt 7:30 pjn. in the Jaw* iah Oommnnity Ctnter. y Action takan at tbe Omaha meeting WID be ooDveyed to a qiMdal mini Genaral Aaanol^ April 16 in Wasl^Dg^ ton, D.C. The mini GA has been called by the CouncU of Jewish Federationa and the United Jewish Appeal Hie loan guarantee program, accotding to the announoementV Mr. LerMT, ia designed to maximiao and extend the inqwct (rf the Exodua Canqwign to provide extra doOara to raaattle one mOliao potential Soviet immigranta. "Thaae are doUara which are beyond the c^>adt7 to be raised in a hard ddlar campaign." Mr. Lenier advised the directors that between the k>cal meeting and the mini Gentral Assembly in WssUngton, "It is oiScal for ths Jewish Federation of Omaha to review and dstarmina to what extent we (the Omaha Jswkh oooimaBi^ jB«pr»ared to commit aa oar ah«re orthia hiatoric respo^ribi%." The threit etm^MOiHttt fftte fMthoOttidg ( areaafalowa:
— Second Exodus drive means a new Exodus gift LOAN GUARANTEE-The international Jewish eopmnmity is t4 guarantee to faidmnnify the Council of equal to previous family gift to be paid over three years Jewish Federations in the case of loan default by the (1992,1993.1994). Soviet immigrants for "our fair share" of theae loans — Loan guarantee meana if there is a greater than 20 by Isradi banks (about tl.OOO per person or M,000 per percent default, Omaha wiO be called up<Hi to make 19 family of fear) in tiie amoont of $900 miDion doOvs idus defaults on a prorated baaia. accrued intareat through a 10-year p«y-back cyde. The loeal rinrs of the collective emosurs of this kwn — EiQKMure from defaults doesn't begin untfl five gaaranlee is two times Omaha's Exoois drive, or a max- years out frmn ths taking out of the initial loan. imum of tbcnb 12.6 million. The total only wooM be — Council of Jewish Federationa says defaults ars called upon if every kMDt defaulted. IX>AN DEFAULTS-Aaauming loan defauha of no historicaQy at 10 percent for regular Jewiah Agracy more than 20 percent, based on historic eaqperienoe, it loans. — A 20 percent default ressrve is a more than adewin be BBOSssary to estdilish a taOO mfflfaB raaerve fimd to cover bad ilebta. TIM finandiipof tUs fond is indadsd quate mai^ of safety. — Total immigrant needa cannot be met without loan in the cash flow derived fromtte continuation of the Operation Exodus drive. Cash flow from Exodus II will guaranteea. Tlw total required is just too hard to raise be sst aside to fond this loan reaerv^ Mr. Lemer added. as a straight 1^. Major optiona for board discussian, suggestsd by Mr. CONTINUING EXODUS-A cantinuatim of the (deration Exodus Campaign now irith payouts over Lemer, are: —Buy into the whole program with a guarantee of 1W2,1993, and 1994... The looal oao^Mign goal (not counting the regular Omaha's commitment, both to «^mp»{gn god goA loan 1992 Campugn) is baaed oa the previoua fomwla der eiqxMure if required. "If we do not meet our goal, then we will need to borived from a oombinatkm of populatkn and 1990 Camrow money." paigntotaL —Midte a beat effort for campaign. lUa meana Omaha Omaha's prorated share of a United States continuation of the Exodus Campaign of $460 miBion will be ap- will not have done ita fair ahare and oU»er communities wiU have (0 {rifdk \^,tha riadc. pnudmately $1.8 million. In Ua Mtln to tbs BoM of fiiv«!t{xa, Mr, ] dtiiktudiMtf OB Pa«[e 6.) pnvram. The aasmnptiiws are as taBowa:
Pacesetter Division celebrates with Recognition Dinner New BMidbera wan tadMted bto the King SolsMoa's Gbde, "tUs eeamHudty's SMat prsstlgleea donor award," during tka Paeesstter raee^dtion dfanwr. Ftnm tap kit, Jack Bakar, SMraamtlag Uasalf ploa Abe and lUbart Bakar. reoalvea the tuH Itesa Fi tosflsn Pieslilsnf Jay Lanwr. h fallawl^ phates. MlHen R. I and Jeal Alpanaa tNoUvtag alao fat hhi lattHr, FIBBV raeslva (
In bettoaa photoa. froai left, Alaa Eayaa addresMa ^ groi^ MwafcaUl and Robert Kpetala with Dr. Kayea and HowHrMHaeM, aiaaathiadhreeiar of the Federation; and Mr. IwahMr and Mr. Bpetafa di^layls* gifts ghroa in behalf ., their ehalria, the FaaaetterDWrien. (St.., on Pag. 4J 'IH>ifl
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