More than 50 years after World War II, a newly proposed Swiss fund will offer victims of the Holocaust compensation for their sufferings.

The fund, named the Swiss Solidarity Foundation, consists of $4.7 billion, which is one of the largest philanthropic gifts in history. It is being financed by selling gold reserves held by the Swiss National Bank since World War II.

The Swiss government is openly confessing its guilt for making money during the world wars by the Nazis by creating the Foundation.

While the fund is a very generous gift to those whose suffering few can relate to, it it may be a little too late.

Fifty years is a long time for a country to apologize for its actions during one of history’s most cruelest eras. Fifty years ago social injustice was rampant. No one could go anywhere without fear of being persecuted.

Switzerland may have saved itself much trouble by staying out of the war, but its lack of humanitarian aid toward others speaks for itself. However, this gift is better late than never because it is yet another reminder of the evil human race is capable of.

As for the victims, this fund is something to be thankful for, but it may bring them little to no good.

Many of the victims lost their lives in concentration camps. The ones who survived the inhumane treatments are now are senior citizens, many who have left Germany and have built lives that exclude any reminder of the living nightmare they endured.

Also, the lives of thousands that were lost during the Holocaust are priceless. No amount of money will ever give their survivors full compensation for their losses.

However, this Foundation is a start, and it is better late than never to apologize for their sufferings. But it is just as important for this Foundation to serve as a tribute to those lives that were lost.