All of the net proceeds from a Leonard Cohen concert at Ramat Gan Stadium on Sept. 24 will be earmarked for a newly established fund to benefit Israeli and Palestinian organizations that are working toward conciliation, according to the singer-songwriter’s manager, Robert Kory.

The Fund for Reconciliation, Tolerance and Peace will provide financial support for organizations and individuals working in Israel and the Palestinian Authority, focusing on bereaved Israeli and Palestinian parents who have experienced loss, yet continue to strive to achieve peace in the region through their efforts, Kory said.

Both Cohen, 73, and AEG Live, his worldwide concert promoter, are also donating 100 percent of their earnings from the concert.

Cohen’s last performance in Israel was in 1975, after he had performed for IDF troops during the Yom Kippur War in 1973.