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IDE organises fund raising drive

The drive supports the efforts of the charity organisation ILAN

diamond world news service

The Israel Diamond Exchange (IDE) undertook a cause for charity on December 23, 2013. It organised a dedicated fund raising drive for ILAN, the Israel Foundation for Handicapped Children, at the Ramat Gan Diamond Exchange complex. "The cooperation with ILAN began last year, and the IDE's board and members are glad to continue their affiliation with this important charity," said IDE President Shmuel Schnitzer.

The drive at the IDE coincides with ILAN's national campaign during which, through close cooperation with the Israel Ministry of Education, tens of thousands of elementary school pupils will go door-to-door to Israeli households to collect donations. Schnitzer added that "While the diamond industry's contribution to the Israel economy is of considerable significance, I believe that a highly visible industry like ours also needs to set an example in the realm of corporate and social responsibility (CSR). As the IDE spearheads the collection drive, Schnitzer serves as the chairman of the national collection campaign.

ILAN was established in 1952 and relies for the largest part of its funding on donations.


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