The Ezras Torah Fund was founded on August 25, 1915 (15 Elul, 5675) at a meeting in Congregation Mishkan Israel in the Lower East Side of New York. The meeting was conducted by members of the Agudas HaRabbanim and the Vaad HaRabbanim of New York. It was an outgrowth of the Central Relief Committee (CRC) that was created to assist Orthodox Jews in Europe during World War I. The CRC had been founded in late 1914 by the Union of Orthodox Jewish Congregations of America with much help from the aforementioned rabbinical organizations. Ezras Torah's role was to specifically assist town rabbis, roshei yeshiva, and yeshivas during the upheaval years of World War I. They eventually broadened their scope to a worldwide level after the war.