He founded the Jewish Colonization Association as an English society, with a capital of £2,000,000, and in 1892 he presented to it a further sum of £7,000,000.
Osnovao je Jewish Colonization Association (Židovsko društvo za naseljavanje ) kao englesko društvo, s kapitalom od 2 000 000 £, a 1892. dao je novi iznos od 7 000 000 £.