Report: US Corporations funding Israeli settlements

PNN/ Bethlehem/

The corporate foundations of Verizon, Pfizer, Bank of America, Deutsche Bank, American Express and JPMorgan Chase have collectively given over $25,000 to U.S. nonprofits that send money to Israeli settlements in the occupied West Bank, according to tax records from 2001 to 2016 reviewed by In These Times.

According to the magazine,  large network of U.S. nonprofits raises millions of dollars annually to send to Israeli settlements, which are built on Palestinian land and are considered illegal under international law. Some Israeli settlers violently harass Palestinians and burn down their crops. Israeli settlers have also killed Palestinians.

Tax records reviewed by In These Times show that Israeli settlements have a surprising source of funds: the foundations of some of the most well-known U.S. corporations.

In addition, the corporate foundations of Verizon, Pfizer, Deutsche Bank, American Express and JPMorgan Chase have collectively given over $48,000 to Friends of the Israel Defense Forces, a U.S. nonprofit that sends millions of dollars to Israel’s military to support various enrichment activities—like education programs and recreational and cultural centers at army bases for soldiers.

Most of these funds come from corporate donations that match the donations of individual employees, though for some donations—all of Verizon’s and JP Morgan Chase’s in 2005, 2015 and 2016—it is not specified if the payments are matching grants. The corporate foundations encourage employee donations to nonprofits by promising that the companies will match donations to the nonprofits of their choice, doubling the total amount of money that go to those nonprofits.

Source: In These Times