Last week (July 23) in New Jersey, an undercover police operation revealed a rainbow of criminal dealings. The implications of the scandal vis-à-vis charities are too vast and far-reaching to be dealt with in one post. Over the next day or two I will address the pertinent issues. Questions and comments are welcome.
Author Archive for NonProfitBanker
Israeli Study Finds that Foundations Are not Effective in Checking Nonprofits
by NonProfitBanker • • 0 Comments
An article was recently posted on Midot’s website highlighting a joint study done by Midot and Sheatufim. The study was presented at a Sheatufim conference on June 23, 2009.
Guidestar Arrives in Israel (and is looking for volunteers)
by NonProfitBanker • • 0 Comments
The website “Zavit Shalosh” [The Third Perspective] posted on their site yesterday (in Hebrew) that Guidestar has officially come to Israel. Currently, the Guidestar site is in its pilot stage and is inviting Israeli amutot [nonprofits] to participate.
Defining an Israeli Nonprofit Organization
by NonProfitBanker • • 7 Comments
For those individuals or corporations familiar with nonprofit organizations in the United States, any analysis of the status of an Israeli charity should begin with a comparison. This contrast will shed light on the many differences that exist in the two countries’ legislation and definition of a nonprofit organization.
Understanding Credit in Israel, Pt 2: Bridge Loan vs. Line of Credit
by NonProfitBanker • • 0 Comments
In a previous post, I mentioned that a loan and a line of credit serve the same purpose. While that may be true in a broad sense, they actually can be quite different. Hence, the different names. The bank will look at both types of credit the same way, evaluating the amount of credit requested against the amount and type of collateral offered. The customer, however, only cares about one thing, which option is cheaper.
Nonprofits' War of Independence
by NonProfitBanker • • 1 Comment
America has a long history of positive social change affected through the initiatives of private individuals and foundations. These nongovernmental institutions have been succesful because of their greatest weapon, independence. An article that was recently forwarded to me in The Commentary Magazine entitled, “The War on Philanthropy”, by David Billet, argues that this autonomy is under fire.
Understanding Credit in Israel, Pt 1: Types of Credit
by NonProfitBanker • • 0 Comments
It is logical to assume that if a bank wants to appeal to the nonprofit community then it has to understand the nonprofit organization’s way of thinking (that’s where I come in). The opposite should also be true. If a charitable institution wants to appeal to a bank then it must understand the bank’s way of thinking. This is especially the case when using or applying for credit from a bank.
The First Impression: Expect the Unexpected
by NonProfitBanker • • 1 Comment
Isn’t it amazing that the meeting we have the most often is the one that we are least prepared for? We dress up in our best and spend hours preaching to the couch in hopes of nailing that “really big”…
Opening a “Nonprofit” Bank Account in Israel
by NonProfitBanker • • 0 Comments
While there are some exceptions, many banks in Israel give nonprofit organizations the run around when they try to open a bank account. The reason the banks do this, to put it bluntly, is because they don’t want you as…