PRESS RELEASE

PRESS RELEASE

The Goodwill Fund will hold a conference on June 30 concerning the work of the fund. The conference will include on its agenda organizational questions connected with the governance and effective functioning of the Goodwill Fund. Goodwill Fund directors LJC chair Faina Kukliansky and director of International Jewish Affairs for the American Jewish Committee Rabbi Andrew Baker (USA) will deliver reports at the conference. The board of directors of the Goodwill Fund state in the report of Goodwill Fund activities that strategy will continue to be honed and internal control mechanisms strengthened. The Goodwill Fund is successfully implementing the following international projects: The Bagel Shop (campaign to encourage tolerance and fight anti-Semitism), the Rothschild Foundation (Hanadiv) in Europe’s project to preserve Jewish heritage and the third successful project with the YIVO Jewish research institute to preserve the past.

The public enterprise Goodwill Fund for Distributing Compensation for Real Estate Property of Jewish Religious Organizations was established at the end of 2011 after the Law on the Goodwill Compensation of Real Estate Property of Jewish Religious Organizations drafted on the initiative of the Lithuanian Government was passed into law. The fund was established by the Lithuanian Jewish Heritage Fund (Lietuvos žydų paveldo fondas) with the cooperation of the LJC and the World Jewish Restitution Organization. Under the law adopted, the state budget will pay out compensation of 128 million litas (3,450,000 euros) annually until 2023 to be used for financing Lithuanian Jewish religious, cultural, health, sport, educational and academic projects in Lithuania.