Keshet
Donor-Advised Fund
2020-2022 Report
Dear Donors,
Three years ago we embarked on a journey with the goal of creating real strategic change in the Israeli philanthropic field. Our goal was simple: To increase the volume of assets donated to charitable causes in Israel, allowing more people to efficiently and easily give back to society.
In our early days we faced many challenges, including a pandemic, but despite them all, we were able to obtain approval from the Israel Tax Authority in May 2020 to begin working. We assembled a unique team of professionals, and built an advanced system in line with the world’s highest standards. We incorporated state of the art technology, customized to the specific needs of donors in Israel. Along the way, we met you, the donors, and did all we could in order to make the donation process as easy and efficient as possible. Together we are building a future of a more rewarding and powerful philanthropic community.
The results are undeniable. Thanks to over 105 families, companies and individuals who chose Keshet as their home for giving, we have accomplished some great things, which we are pleased to share in this report.
We wish to thank each and every one of you for choosing a path of giving. Israeli society is already better thanks to you.
Here’s to many more years of meaningful work together!
Chair
CEO
Empowering Israeli Philanthropy
*As of December 2022
Our Mission
Building a stronger society in Israel through simple, precise and smart philanthropy
In the past decades, Israel has seen serious growth in the field of philanthropy, with the volume of donations consistently on the rise thanks to the growing number of high-net-worth individuals and their unrelenting desire to give back to Israeli society.
However, unlike other more philanthropically inclined countries in which there are various giving structures in place providing attractive tax incentives, Israeli philanthropists face numerous cultural, legislative, regulatory and structural barriers that limit their capability to effectively create impact via philanthropy.
Keshet was founded with one main goal – to eliminate and minimize the barriers limiting philanthropy in Israel, allowing more people to give back to society through the globally recognized charitable tool – the donor-advised fund.
Keshet’s mission is to broaden the philanthropic community in Israel, enabling more donors to increase the scope and impact of their giving while enjoying the many benefits of an organized and efficient philanthropic system.
Keshet’s formation is a major step forward for Israel’s philanthropic community. I believe its impact on Israeli society will be massive. The ability to have control over the timing of the donation, the variety of assets that can be donated, and the management of the funds in Israel’s leading investment houses – will all likely motivate an increase in charitable giving, and will help create a more engaged and active philanthropic community.
Our Services
As Keshet grew we developed a variety of services, tailor-made to the needs of our donor community.
Personal Giving Fund | Corporate Fund | Family Foundation |
Next Generation Fund | Giving Group | Legacy Fund | Endowment: For Large Social Organizations | Fiscal Sponsorship: For Family Foundations
For many years I have held a DAF account in the US. Initiating Keshet was a dream come true for me and my family and a significant asset in the philanthropic field in Israel.
Scott Tobin, Keshet Board Member
Keshet’s Donor Portal
In our vision to revolutionize philanthropy in Israel, we realized that the use of cutting-edge technology can be a game-changer for efficient management of giving in the digital age. Early on, we invested in developing an innovative digital platform for donors to easily manage their charitable assets.
Innovative platform allowing donors to explore all 47K registered non-profits in Israel.
Online database enabling donors to safely review their cause of choice.
Fully functional mobile app empowering the next generation of Israeli philanthropists to give naturally.
Personalized dashboard with a comprehensive account overview, allowing donors to manage their assets anywhere, anytime.
Tailor-Made
Services
Keshet offers personal strategic planning for donors, assisting them in developing a more meaningful approach to giving. We lead individuals, families and giving groups from the early stages of determining which areas they are passionate about to launching a robust multi-year plan in order to maximize the real world impact of their donations.
Operational Support for
International Foundation
Keshet is proud to work with several leading foundations in the Jewish world, providing support for operational challenges when working from overseas with Israeli organizations. We developed services that are tailored to the needs of each foundation, providing the interface, communications and on the ground support needed to enable greater impact on Israeli organizations.
Our Giving Community
Let’s take a closer look at this growing community of giving, the ways its members choose to give back to society, and the real world impact their donations help create.
In the short time since Keshet took its first steps in the Israeli financial scene, an incredible ecosystem of giving has formed around it. The response from both individuals and organizations has been astounding, and it is clear there is so much more to be done in empowering new players to find better ways of giving back to Israeli society.
Keshet’s giving community currently includes 105 accounts, managed by more than 250 people, who are all taking a crucial part in the donation process and the selection of the causes they choose to support.
Keshet’s unique model enables donors from a variety of backgrounds to carve out their own path to giving.
Many of them are taking their first steps in the world of philanthropy, while others are maximizing their already existing charitable giving.
Keshet’s unique model enables donors from a variety of backgrounds to carve out their own path to giving.
Many of them are taking their first steps in the world of philanthropy, while others are maximizing their already existing charitable giving.
Keshet’s youngest donor is only 28 years old!
Our system allows donors to give a wide variety of personal assets, thus enabling larger donations and significant impact.
Our system allows donors to give a wide variety of personal assets, thus enabling larger donations and significant impact.
41% of donations were appreciated stocks!
Building the Future of Philanthropy
Keshet is dedicated to building a strong philanthropic community that will have a long-lasting impact on Israeli life. Our donors may create Long-Term Giving Funds, with better growth strategies and high impact opportunities.
Donated assets are managed in Israel’s best investment houses, through Keshet, allowing donor funds to yield tax-free income over time and thus maximize available philanthropic assets.
Almost 30% of donors choose a long-term giving fund
The average Keshet fund holds about 2 million NIS
Fields of Giving
Keshet’s innovative system allows donors to discover non-profit organizations working in a wide range of fields, enabling them to find the exact cause they wish to impact.
Fields of Giving
Keshet’s innovative system allows donors to discover non-profit organizations working in a wide range of fields, enabling them to find the exact cause they wish to impact.
Over 65% of grants are directed towards organizations whose
main areas of activity are education, social services, or health.
The largest grant given so far: 2 million NIS!
Our Donors are our Best Ambassadors
Please meet just a few of them!
40% of new donors discovered Keshet through existing donors!
זה הרבה יותר קרוס גילאי ודורי מסקטוריאלי. אנחנו רוצים להיות אפקטיביים בנתינה שלנו. לבחור ביזמים החברתיים הנכונים ולעזור להם לצמוח, ולמצוא את הערוצים הכי אפקטיביים לנתינה.
קשת חדשנית במובן הזה. היא מאפשרת לכל אחד שיכול לתת, לעשות זאת בצורה תפעולית עם הכי פחות “כאבי ראש” ומצד שני למקסם את הנתינה דרך אפקטיביות מיסויית.
40% of our donors already made a second donation to their Keshet giving fund!
Partners, Supporters and Leadership
Would like to thank Keshet’s supporters and partners who supported our vision of a better and stronger philanthropic community and became our allies from the very beginning.
Supporting Foundations
Ecosystem Partners
Leadership & Team
Board of Directors
Investment Committee
Audit Committee
Advisory Committee
Legal Services
Ophir Katz, Adv.
Team
Maya Natan, CEO
Eliana Albaranes, CFO
Arik Zamir, COO, CIO
Jennifer Garr, Director of Grants
Noa Mutai-Halaf, Director of Marketing
Sapir Navaro, Associate-Finance
Shira Varsano, Associate-Grants
