PRESS RELEASE: Jewish Investor Network Representing $15B+ Issue Statement Supporting PayPal Shareholder Proposal for Provision of Services in Conflict Zones
FOR IMMEDIATE RELEASE: May 11, 2026
Jewish Investor Network Representing $15B+ Issue Statement Supporting PayPal Shareholder Proposal for Provision of Services in Conflict Zones
The Jewish Investor Network (JIN) Calls on PayPal to Establish Policy Ensuring Equitable Access to Services in Conflict Zones, Including Palestine
United States, May 11, 2026 - Today, the Jewish Investor Network (JIN) issued a public letter calling on PayPal shareholders to support Stockholder Proposal 5 — Provision of Services in Conflict Zones. Signatories represent $15B+ in assets under management and include over 80 Jewish investors, Jewish communal leaders, and aligned institutions committed to human rights, systemic justice, and collective action. Signatories include Nathan Cummings Foundation, Kataly Foundation, Rabbis for Ceasefire, the American Council for Judaism, and congressional candidate Brad Lander.
Stockholder Proposal 5 requests that the PayPal Board establish a policy ensuring that people in conflict zones, such as Palestine, do not suffer discriminatory exclusion from PayPal’s financial services, or provide an evaluation of the economic impact that this policy of exclusion has on the affected populations as well as the company's finances, operations and reputation.
The proposal was filed by Deborah Sagner, longtime donor-advocate for Jewish progressive movements like J Street, In Our Name, Rabbis for Ceasefire, and Jewish Voice for Peace. Friends Fiduciary Corporation is a co-filer.
In the shareholder letter, investors express concern about PayPal’s continued lack of entry into the Palestinian market and failure to partner with Palestinian banks, leading to a situation where individuals with Palestinian bank accounts cannot use PayPal to send or receive money, while Israeli settlers living in the same territory but with accounts at other banks have full access to PayPal services.
Letter excerpt:
“As Jewish investors concerned with universal human rights for all peoples, driven by the concept that every person is created b’tzelem elohim, in the image of God, we stand by the principle that all have the right to live with dignity and in safety. A core element of a life with dignity is economic independence and financial stability, as indicated by the medieval philosopher Maimonides' belief that helping someone who is economically disadvantaged become self-supporting is the height of tzedakah (charity). Jews around the world have often created free loan societies to serve their local communities, understanding that part of the Jewish mandate to build a more equitable society is rooted in helping the poor avoid usurious loans”
The full Jewish investor letter can be found here.
PayPal Stockholder Proposal 5 can be found in PayPal’s 2026 Notice of Annual Meeting of Stockholders and Proxy Statement ahead of the company’s 2026 Annual Meeting on May 19th: https://s205.q4cdn.com/875401827/files/doc_financials/2026/ar/PYPL_BMK1R.pdf
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About the Jewish Investor Network: The Jewish Investor Network(JIN) is an independent Jewish institution that brings together investors who are committed to human rights, justice, and collective action.
Part of a long lineage of Jewish collective economic action for social justice, JIN is a peer network where members explore how we are integrating Jewish values into our decision making, practices, and strategies—from contesting corporate harms to investing in a world where all beings flourish.
Media Contact:
Roan Boucher
Jewish Investor Network