PROOF OF CONCEPT: figures shown are example data compiled from public research; verification is ongoing
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Holding or suspected

Minnesota State Board of Investment

State investment board · MN
$470K
Held now
$13.3M
Bought in total

Minnesota State Board of Investment's own figure, checked Nov 2025 (SBI data). We don't have the purchase records yet.

Official SBI data shows a slide from a $13.3M peak to a single residual bond of about $470K: a recurring $10M bond was not renewed in July 2025 and a flurry of sales (most recent Oct 9, 2025) realized a loss of roughly $810K. The SBI insists its policy has not changed.

Sources

Take action

● Keep the pressure on

Tell Minnesota State Board of Investment: no new Israel Bonds

This office holds Israel Bonds, or credible reports say it does.

To: minn.sbi@state.mn.us
Subject: Do not reinvest maturing Israel Bonds

Dear Minnesota State Board of Investment:

I am a Minnesota resident writing about public funds invested in Israel Bonds (Development Corporation for Israel). These bonds are unrestricted loans to the Israeli government during its war on Gaza, and all three major credit rating agencies have downgraded Israel's debt since October 2023.

As these bonds mature, I urge Minnesota State Board of Investment not to reinvest in Israel Bonds, and to publish a full public accounting of past and current holdings.

Thank you,
[Your name]
[City, MN]
Records contact: minn.sbi@state.mn.us
Prefer to call? (651) 296-3328
Call script: "Hello, my name is [your name] and I am a Minnesota resident. I am calling about public funds invested in Israel Bonds through the Development Corporation for Israel. I am asking that Minnesota State Board of Investment not reinvest as these bonds mature, and that it publish a full public accounting of past and current holdings. Thank you."