BNET Industries

Israel Bonds

is in the Financial Services Industry

Last Fiscal Year Sales:$37.5M
  • Private
  • US
Dow Jones Description

The Development Corporation for Israel/State of Israel Bonds began operations in 1951. The corporation was established to implement Prime Minister David Ben-Gurion's decision to float a bond issue to bolster Israel's fledgling economy. First year sales totaled $52.6 million. Throughout the ensuing decades, the sale of Israel bonds became a global enterprise, fulfilling Ben-Gurion's vision of a strong economic partnership between Israel and its supporters the world over. Purchasers of Israel bonds have expanded well beyond the Jewish community, encompassing corporations, banks, insurance companies, labor unions, foundations, and institutional investors. Consequently, sales have now exceeded $25 billion, $19 billion of which has been redeemed on time and in full. Proceeds realized from the sale of Israel bonds and other securities are utilized by Israel's Finance Ministry to help fund projects in key economic sectors...

President and CEO
Joshua Matza
Number of Employees 374
Contact Information

111 Sanders Creek Pkwy E

Syracuse, New York 13057

www.israelbonds...

NAICS Code Securities Brokerage: 523120

News & Analysis

israel bonds - All News and Analysis

Decision Makers

Name (plus bio) Position
Joshua Matza President and CEO
Howard Goldstein Managing Director of The Miami
Richard L. Hirsch Managing Director of Concurrent Industries
Israel Bonds Fiscal Agent

Board of Directors

Name (plus bio) Position
Burton P Resnick Chairman, Board of Directors
David Halpern New National Campaign Chairman
Roberta Goldstein National Campaign Cabinet Chairman

Joshua Matza came to Israel Bonds in March 2002 at the request of then-Prime Minister Ariel Sharon and Finance Minister Silvan Shalom. Prior to Israel Bonds, Mr. Matza served 18 years in the Knesset. As minister of health in the government of Benjamin Netanyahu, he played a pivotal role in overhauling Israel's national healthcare system. Mr. Matza also served 20 years on the Jerusalem City Council, including 10 years as deputy mayor. As president & CEO, Mr. Matza has helped lead Israel Bonds to continuous annual sales in excess of $1 billion. In doing so, he has made dependability and cost-effectiveness the cornerstone of the Bonds operation. In a March, 2008 report, Moody's Investors Service took note of this effort, praising Israel Bonds as a source of funding 'at favorable costs.' It also highlighted the dependability of the Bonds organization 'especially during times of domestic or regional conflict.' Over the course of Mr. Matza's tenure, the international ratings agencies -- Moody's, Standard & Poor's and Fitch all raised their outlook on Israel's foreign currency rating.

Organization Position Status
Israel Bonds President and CEO Current

Organization Position Status
Israel Bonds Managing Director of The Miami Current
Olympic Steel Inc. Managing Director of Mallah Furman Current
Mallah Furman & Company Managing Director Current
Olympic Steel Inc. Audit Committee Chairman Current
Hillel Council Board of Directors Current
Olympic Steel Inc. Director Current
Aipac Board of Directors Current
American Institute of Certified Public Accountants Member Current
The Firm LLC Managing Director Former
Mallah Furman & Company Senior Partner Former
Mallah Furman & Company Professional, Business and Personal Services Former
Eco-Nomics, Inc. Bachelor of Science In Accounting Former
Rutgers University Bachelor of Science in Accounting and Economics Former

Richard L. Hirsch is managing director of Concurrent Industries, a leading manufacturer of metal products, headquartered in New York. In addition to chairing the Israel Bonds Executive Committee, Mr. Hirsch is involved with a number of endeavors. He is a member of the board of Schneider Children's Hospital and the Jewish Week. He was a founding board member and vice president of Be'er Hagolah Institute and a founding member, trustee and former president of Fifth Avenue Synagogue. Mr. Hirsch is a former board member and chairman of Maimonides Medical Center.

Organization Position Status
Israel Bonds Managing Director of Concurrent Industries Current
Maimonides Medical Center Chairman Current
Schneider Children's Hospital Board of Directors Current
Israel Bonds Chairman of The Executive Committee, Vice Chairman of The Board Current
The Jewish Week, Inc. Board of Directors Current
Maimonides Medical Center Board Member Former

Israel bonds are a useful means of achieving the goal of portfolio stability in what has become a highly unstable environment. As always, the double benefit received is what makes Israel bonds such a unique investment. Proceeds from Israel bonds continue to be utilized to build a vibrant and dynamic nation that has emerged as a world leader in technological innovation.

Organization Position Status
Israel Bonds Fiscal Agent Current

Organization Position Status
Israel Bonds Chairman, Board of Directors Current

National Chairman David Halpern of New Jersey is president of Atlantic Realty. The son of Holocaust survivors, Mr. Halpern believes very deeply in the necessity for an economically strong Jewish nation. Mr. Halpern was a prominent figure in the Remembrance Award Dinner, an annual Israel Bonds event that honored survivors and perpetuated the memory of the Holocaust and its victims. He was co-recipient of the 1998 Remembrance Award. Mr. Halpern has assumed a leading role with Yad Vashem and, together with his wife Sharon, was presented with Yad Vashem's Young Leadership Remembrance Award. He was named Israel Bonds national chairman in 2005.

Organization Position Status
Atlantic Realty President Current
Israel Bonds New National Campaign Chairman Current

Roberta (Bobbie) Goldstein of Rockland County, New York has held several leadership positions with Israel Bonds over the course of nearly three decades, including national campaign chairman and national Women's Division chairman. Mrs. Goldstein has assumed a prominent leadership role with organizations including Hadassah, the Rockland Jewish Community Relations Council and the Federation. She is a founder of the Israel Tennis Center. Since her first visit to Israel in 1972, Mrs. Goldstein has returned dozens of times and has led numerous Israel Bonds delegations.

Organization Position Status
Israel Bonds National Campaign Cabinet Chairman Current
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