Tag Archive for Nonprofit

Guest Post: Lessons from a Short-Lived Nonprofit

Guest Post: Recently, within a matter of months, I opened and then proceeded to close a amutah [Hebrew referring to a registered charity in Israel] here in Israel. I wanted to open up a seminary [religious school] and, with the advisement of experts in the field, decided it would be best for the seminary to run under its own administrative body. Unfortunately, we did not come to this understanding until late into the process of developing the seminary, which meant that we were rushed to register the amutah, file in the tax authorities, and open a bank account. I learned many things in this process that perhaps can help others looking to start their own non-profit organizations.

3 Dangers that Money-Changers Pose to Charities

In Israel, more than in most countries, foreign currency is an integral part of every facet of the country’s daily economic enterprises – private, business, and public sectors, alike.

A recent released study showed that 53% of financial support to Israeli charities came from abroad. Thus, making foreign exchange exchange fees, rates, and processing times of the utmost importance to Israeli charities.