For months we’ve been hearing about the Areivim Fund, the Michael Steinhardt-led, $100 million fund for…something.
Now we’re getting some clues to what that money’s for. And it’s surprising. Haaretz reports:
Through the nonprofit organization he is launching, the Areivim Philanthropic Group, Steinhardt, who made his billions as a hedge-fund pioneer and in other Wall Street activities, is drawing up plans for a series of Hebrew charter schools…
Hebrew charter schools, he [Steinhardt] says, “are the only serious possibility we have of there ever being a substantial proportion of the Jewish population that knows how to speak Hebrew and be literate enough about Judaism.”