Montefiore was appointed executor of his will, and used the funds for a variety of projects, including building in 1860 the first Jewish residential settlement and almshouse outside of the old walled city of Jerusalem-today known as Mishkenot Sha'ananim.
Montefiore was appointed executor of his will, and used the funds for a variety of projects aimed at encouraging the Jews to engage in productive labor. In 1860, he built the first Jewish residential settlement and almshouse outside of the old walled city of Jerusalem, today known as Mishkenot Sha'ananim.