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With 1 million members that would be $500 for each member. They're not wall street but it's not insignificant.
$500M is their total investment, not the amount in Israeli bonds. In a proper portfolio bonds should likely be less than 30% of the total, sometimes even as low as 10%. Most of those bonds are going to be US Treasuries and corporate bonds. Of the maximum $60 million they keep in bonds, I'd be surprised if they had even $20 million in total foreign government bonds, and much of those are going to be in large and mostly stable government bonds like the Eurozone, China, Japan, UK, etc.
Like I said it's probably tens of thousands total, even if we were generous and said it was $100,000 in Israeli bonds it would only be $0.10 per person. It likely closer to pennies though. I wouldn't even be surprised if it's $0, and this policy vote is just a PR piece rather than an actual change in holdings.
Israeli bonds have showed up at other places they don't belong.
They sometimes get recommended in a package too. Lobbying does wonders.
The church is also divesting from companies heavily invested in israel and even trying to use their investment as leverage against companies to divest from israel. Which is nice.
The most important point is the church divesting openly. Universities also don't have much connection to israel either, yet they adamantly refuse to divest. Jesus 1 - Science 0.
The encampment group at my local university posted a report on what exactly they wanted divested, none of it was direct Israeli stocks or bonds, it was like $1 million in a massive defence company that had worked with Israel in the past, and another $200,000 in a hedge fund that itself had a portion invested in random military companies associated with Israel.
Hardly "invested in Israel"