Keshet Donor Advised Fund
Keshet Donor-Advised Fund (DAF) is a pioneering philanthropic initiative in Israel, established to provide a flexible and tax-efficient platform for charitable giving. Launched in 2019, Keshet offers individuals and organizations a means to manage their charitable donations strategically, without the complexities of setting up a private foundation. This model has been instrumental in enhancing the culture of giving within Israel, enabling donors to support a wide range of causes effectively.
Understanding Keshet Donor-Advised Fund
Keshet functions as a public benefit corporation, operating under Israel’s legal framework for non-profit organizations. It provides donors with an account where they can deposit funds, which are then earmarked for charitable purposes. Donors retain advisory privileges, allowing them to recommend grants to eligible organizations over time. This structure offers several advantages
- Tax EfficiencyContributions to Keshet are eligible for tax deductions under Section 46 of the Israeli Income Tax Ordinance, encouraging philanthropic activity.
- Strategic GivingDonors can plan their charitable contributions over multiple years, aligning their giving with personal or organizational goals.
- Administrative EaseKeshet handles the due diligence, compliance, and reporting requirements, reducing the administrative burden on donors.
- Impactful PhilanthropyBy pooling resources, Keshet amplifies the impact of individual donations, supporting a diverse array of causes across Israel.
Key Features of Keshet DAF
1. Broad Eligibility for Donations
Keshet accepts various forms of donations, including cash, securities, and other financial instruments. This flexibility allows donors to contribute assets that best suit their financial situation and philanthropic objectives.
2. NGO Source ED Certification
Keshet holds an NGO Source ED Certification, recognizing it as equivalent to a U.S. public charity. This certification facilitates direct transfers from U.S.-based donor-advised funds to Keshet, streamlining the donation process for international supporters.
3. Family and Legacy Giving
Keshet supports family-oriented philanthropy by enabling joint management of donation funds. Families can collaborate in decision-making, fostering a culture of giving across generations and establishing a lasting philanthropic legacy.
4. Tailored Grantmaking
Donors can recommend grants to a wide range of charitable organizations in Israel. Keshet conducts due diligence and ensures compliance with legal and ethical standards, ensuring that funds are used effectively and responsibly.
Impact and Reach
Since its inception, Keshet has experienced significant growth. As of the latest reports, the fund manages over ₪200 million and has facilitated grants exceeding ₪70 million to more than 500 charitable organizations across Israel. This demonstrates the growing trust and participation in the DAF model within the Israeli philanthropic landscape.
How to Participate
Individuals and organizations interested in establishing a donor-advised fund with Keshet can initiate the process by contacting the organization directly. Keshet provides personalized guidance to help donors set up their accounts, choose appropriate donation vehicles, and develop a strategic giving plan that aligns with their philanthropic goals.
Keshet Donor-Advised Fund represents a significant advancement in Israeli philanthropy, offering a modern, efficient, and impactful way to support charitable causes. By providing donors with the tools and resources to manage their giving strategically, Keshet is helping to cultivate a culture of philanthropy that can address the diverse needs of Israeli society. Whether you’re an individual looking to make a difference or an organization aiming to streamline your charitable activities, Keshet offers a compelling platform to achieve your philanthropic objectives.
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