In the News

Hebrew Free Loan Society Elects Ian Shrank as President

Hebrew Free Loan Society

NEW YORK – September 18, 2017 — The Hebrew Free Loan Society (HFLS), New York City’s only nonprofit interest-free lending organization, announced the election of Ian Shrank as President and Steven Adelsberg as a member of the Board of Directors today. Mr. Shrank succeeds Vivian Mamelak, who served as the President of the Board of Directors from 2014 to 2017. “Since joining the HFLS Board of Directors in 2011, Ian has shown extraordinary dedication and leadership. His extensive philanthropic work demonstrates his deep commitment to making a difference in the lives of those in need. We are excited to continue the momentum created during Vivian Mamelak’s tenure as President and work together to ensure HFLS remains a trusted resource for New Yorkers in need,” said Rabbi David Rosenn, HFLS Executive Director.

Ian Shrank“I am excited and humbled to serve as President of the Hebrew Free Loan Society, an organization that has helped hundreds of thousands of New Yorkers over 125 years through its unique philanthropic model. I look forward to working with the HFLS Board and staff, to increase and expand our lending to reach more people and communities in New York City, form new partnerships with other community organizations, and continue to build and strengthen HFLS for generations to come,” Mr. Shrank said.

Mr. Adelsberg is a Partner at Samuel S. Adelsberg and Co., Treasurer at DSJ Management, and Partner at Adelsberg Associates. He also sits on the Board of Directors of Yeshiva of Flatbush, Maimonides Medical Center, Yeshiva University Azrieli Graduate School, Just One Life, Sackett Lake Welfare Fund, and Congregation Sharey Torah.

About the Hebrew Free Loan Society

The Hebrew Free Loan Society makes 0% interest loans that help low- and moderate income New Yorkers in need stabilize and strengthen their financial lives. HFLS loans are a lifeline to borrowers, who often lack safe and affordable ways to access the resources that enable them to invest in higher education, start a small business, or meet emergency expenses. HFLS has nearly 2,000 loans outstanding totaling more than $13.5 million. Learn more about HFLS by visiting or calling 212-687-0188. Visit our organization’s pages on LinkedIn, Facebook, and Twitter.