BERLIN (AP): Conference on Jewish Material Claims Against Germany, the organization that handles claims on behalf of Jews who suffered under the Nazis said Wednesday that Germany has agreed to extend another $720 million (647 million euros) to provide home care and supportive services for frail and vulnerable Holocaust survivors.
The New York-based body also referred to as the 'Claims Conference', said the money will be distributed to more than 300 social welfare organizations globally.
"We are proud to announce this significant allocation at a time when these funds are critical, due to the age, poverty, and increasing disability of our waning survivor population," said Gideon Taylor, the organization's president.
"We know these funds provide vital support during these difficult times," he added.
The additional funds constitute the largest amount ever allocated for the Claims Conference for welfare services in a single year, the organization said in a statement. It estimates the funds will pay for services for approximately 120,000 impoverished Holocaust survivors.
Since 1952, the German government has paid about $90 billion to individuals for suffering and losses resulting from persecution by the Nazis.