NEW YORK (VINnews/Sandy Eller) – A Chasidic synagogue in Borough Park has become the recipient of what is believed to be the single largest philanthropic donation to a religious group after being gifted 3 million shares of Eastman Kodak on the day that the company stock peaked.

The Wall Street Journal (https://on.wsj.com/3as53TX) reported that billionaire investor George Karfunkel and his wife Renee donated nearly half of their 6.3 million shares of Eastman Kodak to Congregation Chemdas Yisroel on July 29th. Karfunkel, a member of Kodak’s board of directors since 2013, is listed as president of the synagogue on its charity registration filings.

Kodak stock ranged from $17.50 to $60 per share on the day that the Karfunkels gifted their shares to the synagogue according to Mother Jones (https://bit.ly/3izbeIG). With the Internal Revenue Service using its average price on the day of sale to value stock gifts, the Karfunkel donation is worth $116.3 million, giving the couple the ability to claim a donation of between $52.5 million and $180 million.