By COLlive reporter
Keren Levi Yitzchak was founded by the Rebbe in 1964, at the Chof Av farbrengen, marking the 20th yahrzeit of the Rebbe’s father, Harav Levi Yitzchak Schneerson, of blessed memory.
The Rebbe announced that the purpose of the fund is to provide assistance to yeshiva teachers. The Rebbe repeatedly encouraged everyone to give to this fund in honor of his father.
Keren Levi Yitzchak, with deep personal meaning to the Rebbe, is part of a suite of charities established by the Rebbe known as “Magbis.”
Last year, Keren Levi Yitzchak announced a pilot project with two local educational institutions in honor of Chof Av.
Limudei Kodesh teachers at Lubavitch Yeshiva Crown Street and Ocean Parkway were able to apply for short-term loans from the fund, which were guaranteed by their employers.
Many melamdim availed themselves of short-term loans to help cover rising living costs, simchos and other circumstances which called for short-term relief.
Today, as we mark the 78th hilula of Rabbi Levi Yitzchak, Machne Israel has announced that it is broadening the scope of the fund to accommodate more teachers.
Those interested in applying for a loan may apply directly by emailing [email protected]
“In honor of the Chof Av, I encourage you to help fund this Keren personally established by the Rebbe in honor of his father,” Rabbi Yehuda Krinsky, the Rebbe’s mazkir and Chairman of Machne Israel, wrote in a public letter.
“In accordance with the Rebbe’s oft-repeated instructions to give charity in sums equivalent to the name, it has been suggested that donations be given in amounts of 254 — the numerical equivalent of the Hebrew name Levi Yitzchak.
“Personally established by the Rebbe to honor his father, Keren Levi Yitzchak was very dear to the Rebbe, encouraging us repeatedly to honor his father by donating to this fund. Today is the perfect day to so.”
Donate at kerenleviyitzchak.com