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Keshet redefines philanthropy in Israel

Thanks to an outstanding professional team, a wealth of experience with the third sector and tax law changes (Donor-Advised Funds (DAF)) only recently introduced in Israel, we offer donors an effective, accessible vehicle for long-term giving and social investment: the same resources, with far greater influence.

We’re happy to introduce smart philanthropy.

Keshet redefines philanthropy in Israel

Thanks to an outstanding professional team, a wealth of experience with the third sector and tax law changes (Donor-Advised Funds (DAF)) only recently introduced in Israel, we offer donors an effective, accessible vehicle for long-term giving and social investment: the same resources, with far greater influence.

We’re happy to introduce smart philanthropy.

What are DAF (donor-advised funds)?

Donor-advised funds are a tax-incentive-based philanthropic vehicle, which Keshet has “imported” to Israel. Intensive use has been made of DAF in countries where smart philanthropy is encouraged. Besides the tax advantage, DAF allow for a separation between the decision on the amount of the donation, and the decision on its destination and the date on which it is transferred.

What we do

  • Keshet Donor Advised Fund provides a simple and effective gateway to the world of giving and philanthropy, tailoring the level of involvement to donors’ personal preferences.
  • We apply our extensive professional experience with the authorities and third sector to take advantage of the new tax regulation (DAF) and grow the donor community, enlarge the scale of donations, and manage an optimal vehicle for professional Israeli philanthropy.

The need:

Third sector organizations guarantee the strength and resilience of Israeli society. Their activity serves as an insurance policy, so to speak, for the Israeli public, and in the past few decades the third sector has become a leading force in preserving justice, mutual responsibility, ethics and diversity in Israel. Although these organizations are engaged in public benefit activities, they are all based on private support provided by individuals and corporations willing to allocate funds to the furtherance of causes and values they believe in.

The tradition of giving and charity that is typical of Israeli society has led to the emergence of local philanthropy, but it is still in the stages of growth and professionalization. We are here to make sure that donations reach the right place, that giving is translated into significant influence on the ground, and that funds are managed by an organisation that is experienced, trustworthy, efficient and effective.

How it works in practice

1.

The donor makes an irrevocable contribution of personal assets (cash, stock, real estate, etc.)

2.

The donor receives the maximum tax benefit allowed by the tax authorities in Israel on the entire sum deposited, in the year the contribution was made

3.

The donor decides on decision-makers, beneficiaries and advisors to the DAF, as well as recommendations for grants at present and in the future

4.

The donation funds are managed by investment houses according to approved criteria, and returns are fully tax exempt

Advantages to the donor

In a year when income is high long-term donations can be allocated, utilizing an immediate tax benefit on the entire amount

Low setup and management costs, professional service and continuous personal attention

Investment profits are fully tax exempt, so the investment principal keeps on growing

The optimal vehicle for translating donations into meaningful social impact.

Making informed donation decisions free of time pressure

An accessible, efficient, reliable and simple vehicle that has proved itself worldwide

Optimal establishment of intergenerational giving, ensuring continuity of the family’s philanthropic legacy

Keshet - Donor Advised Fund
A new concept in Israeli philanthropy