Two recent articles by Stephen Donshik have crystallized why board members need to stay objective...Even with the best of intentions, losing objectivity weakens the board’s ability to accomplish its primary task of governance. Read more »
Two recent articles by Stephen Donshik have crystallized why board members need to stay objective...Even with the best of intentions, losing objectivity weakens the board’s ability to accomplish its primary task of governance. Read more »
The word fashla is Hebrew colloquial for "screw-up". And yes, even your accountant, an Israeli charity's best friend, can make a few. As a banker I see this particular slip-up more often than you think. Here are two ways to avoid your accountant inadvertently putting your organization in the red. Read more »
As was mentioned in my previous post, Israel's OFFLINE Overhaul of its Nonprofit Sector (Guidestar Conference, Part 1), the June 26th Conference Organized by Guidestar Israel tantalized the attendants with many planned improvements within the government offices tasked with overseeing Isael's nonprofit sector. Even more monumental, though, are the changes that are taking place online....Read more »
The June 26th Conference Organized by Guidestar Israel -- a collaborative project of the Justice Department, Registrar of Corporations, Guidestar International, NP Tech, Joint Distribution Committee (JDC), and Yad Hanadiv (a.k.a. The Rothchild Foundation) -- was June’s best prediction for "The Tomorrow of Jewish Philanthropy." In the global nonprofit sector there is much talk of...Read more »
After years of rumors, here-say, and unwritten code that outlawed the use of credit cards by Israeli nonprofit organizations, the newest version of the Nihul Takin from Israel's Rasham Ha’amutot clearly permits the use of credit cards by Israeli charities...kind of. Unfortunately, vague unwritten guidelines have now been...Read more »
The Hebrew word amutah, referring to a charity in Israel, is used both correctly and incorrectly to describe just about any nonprofit organization registered in the country. But wait, it get's more confusing. Not all charities are charities, sometimes they're companies. And sometimes a charity isn't tax-exempt while a company might...Read more »
Guest Post: Recently, within a matter of months, I opened and then proceeded to close a amutah here in Israel. I wanted to open up a seminary and, with the advisement of experts in the field, decided it would be best for the...Read more »
![Defining a Chevrah LeTo’elet Hatzibur [Public Benefit Company]](http://nonprofitbanker.com/wp-content/uploads/factory_smoke.jpg?w=150)
"What do you mean that Israeli charities can be registered as companies?" That was the question someone asked me last year that that had me thinking to myself, yet again, that charity legal/tax structure is a language onto itself and should require its own Ulpan. And so, I shall now endeavor to explain the somewhat contradictory...Read more »
Obtaining government funding seems to be every nonprofit's goal, at least in Israel. I have heard countless lecturers, founders, and foundation representatives preach the Darwinian virtues of incorporating government grants into an Israeli charity's fundraising strategy; after all, the nonprofit is servicing the Israeli public. It is to the Government's benefit – if not...Read more »
