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NEWS (may 30, 2006) Frank Lowy establishes Israeli institute
BILLIONAIRE businessman and philanthropist Frank Lowy has funded and launched a new Israeli Institute for National Strategy and Policy, which will operate within the framework of Tel Aviv University.
“This is not a public relations gimmick, but a body with content behind what it does,” Lowy said at a press conference in Israel on Monday.
Lowy will chair the board of governors of the new institute, together with Tel Aviv University president Itamar Rabinovich, Australian-born former ambassador Martin Indyk and other senior members, both from Israel and abroad.
Dr Zvi Shtauber, former foreign policy adviser to former prime minister Ehud Barak, will head the institute.
Though the sum donated by Lowy for setting up the institute was not disclosed, it is rumoured to be $10 million. But Rabinovich has said that other international donors have also been recruited.
“Frank Lowy is providing the State of Israel a unique, prestigious and quality tool, which will be on par with the leading strategic research institutions in the world,” he added.
The institute will be based on the foundation of the renowned Jaffee Centre for Strategic Studies, incorporating its staff and programs.
Lowy has also founded one of Australia’s premier foreign policy think tanks, the Lowy Institute for International Policy, located in Sydney, and is a founding member of the International Advisory Council of the prestigious Brookings Institution in Washington.
The Israeli institute will focus on issues of critical importance, the foremost being the Iranian nuclear threat. It will commence operations in October.