with you to secure the Jewish future

Partnering with you to secure the Jewish future Jewish Agency for Israel 2008/09 Performance Report leading partnering with purpose As we celebrate our 80-year journey, we’re not looking back—we’re looking forward. For eight decades, the Jewish Agency has convened the Jewish people in an unmatched global partnership with a singular purpose: securing the future of a connected global Jewish people with a strong Israel at its heart. Created in 1929 as the “working government” of a people without a state, with little more than vision and commitment in hand, that was a tall order. Always future-focused, we have made history together. As the pioneering force in the establishment of the State of Israel, and today, as the Jewish world’s most effective nonprofit, our global partnership has brought more than 3 million Jews home to Israel since 1948. We are the leader in partnering the people of Israel with communities and donors worldwide to meet today’s challenges, reaching deep into the heart of disadvantaged communities to promote opportunity and create truly transformative change for Israel’s at-risk youth. Together, we are making Israel a living part of Jewish communities around the world. Forging peoplehood. Innovating to connect the Jewish world’s new generations through powerful, transformative experiences. No other organization has accomplished more and adapted to emerging challenges with greater impact. Impact made possible through your annual campaigns around the world. But one of the many things we have learned along the way is that there are no timeouts. A year ago, if we had a discussion on the hot spots in the Jewish world it would have been vastly different from the one we need to have today. Who is going to be there as global issues unfold? Who will bring the extraordinary force of a united, caring global community to the table? You. Figuratively and quite literally, you power this global partnership that continues to be one of the greatest strategic assets of the Jewish people. Every generation has taken its turn at the wheel. Now it’s yours. connecting collaborating In Israel and across the globe, in times of crisis and peril, partnering in times of crisis you are part of the Jewish world’s first responder team. As the war against civilians in southern Israel escalated last year, you stood by their side. For more than 40,000 children living in the shadow of fear, that meant at least one day with no ‘code red,’ no sirens, no rockets. Learn more at www.jewishagency.org/crises 2 Jewish Agency 2008/09 Performance Report partnering in times of crisis standing by the side of Israelis under siege and rescuing Jews around the world when lives are at risk. You provided immediate aid to Israelis victimized by continuing violence. No red tape, no waiting. Immediate help for immediate needs. You saved lives in 10 countries last year; in 15 countries during the past decade. Where will we be needed next? No one knows. But we do know we’ll be there. monItorIng JewIsh communItIes At rIsk Last year you brought this family from Yemen home to Israel. “ It is difficult to convey the utter fear, the terror, and the emotional and physical devastation of a rocket attack ...” Read the story of this mother of two young children at www.jewishagency.org/michal There are over 60,000 Jews living in countries where they are at risk. Life is increasingly tenuous for the remnants of Jewish communities living in Arab countries. Less obvious but equally troubling is the situation in many countries that are experiencing a convergence of economic collapse and rising anti-Semitism, or those that have cut all diplomatic ties with Israel. The Jewish Agency continuously monitors the situation around the world, ready to act. Ready to keep the promise that any Jew, for any reason, can make Israel home. Last year, the same day that Russian bombs fell on Georgia, we put that promise into action, moving in to rescue Jews in imminent danger. Just one example of the lifesaving work you make possible. VIctIms of terror fund crIsIs counselIng As Kassam rocket fire on the southern part of Israel escalated, the Fund—established by the United Jewish Communities Israel Emergency Campaign and Keren Hayesod—established an emergency component to provide immediate financial assistance for urgent initial needs. In just the last six months, some 111 victims received this aid, totaling in excess of $100,000. Since 2006, the Fund has allocated some $6 million in direct aid nationwide. 4 Jewish Agency 2008/09 Performance Report Our absorption centers in the line of fire had special crisis management workshops for adult residents to help them navigate Operation Cast Lead and a range of group and individual counseling to help both young children and adolescents deal with anxieties. 10 remote leArnIng for kIds renoVAtIng bomb shelters As attacks escalated and schools closed in the south, the Israeli business community led our partnership in providing hundreds of computers to children having to transition from classroom to remote learning. wArtIme hotlInes were set up 508 dilapidated shelters in the South that were deemed unsuitable for use were renovated. Your gift leveraged a 2:1 match by the Ministry of Housing, enabling us to equip these shelters. for both absorption center residents and staff for additional support. Your support is making a difference for victims of terror. Learn more at www.jewishagency.org/crises partnering to strengthen Israel and empower change A strong Israel will reflect the collective best efforts of the Jewish people. You are indispensable to that effort. Last year you gave 200 Ethiopian-Israeli preschoolers a critical head start not just in school, but in life. The results? A 26% increase in their knowledge and command of Hebrew, reading and writing. Read the evaluation at www.jewishagency.org/yesodot 6 Jewish Agency 2008/09 Performance Report partnering to strengthen Israel and empower change 2,477 young immigrant soldiers discovered the richness of their Judaism because of you. Of those not born Jewish, 85% opted to continue with conversion studies. You supported 31 young communities transforming Israel’s social and geographic periphery. Empowering change for thousands of at-risk youth in the Negev and Galilee Young social change activists have come together to form educational communities to infuse underdeveloped areas of the Negev and Galilee with a new energy and capacity. While each community embraces its own model, its enterprising college students and recent post-army adults are committed to giving back to the community, the majority working with disadvantaged youth. Today, 1,700 young pioneers in 31 urban and rural communities are working with 30,000 children in these areas. “ I love the learning and the people. I feel that I know so much more about what it means to be Jewish and an Israeli ...” Read the story of this young soldier participating in NATIV at www.jewishagency.org/margarita buIldIng A new lIfe In IsrAel Aliyah remains Israel’s lifeblood— especially at this critical stage of building a modern democracy. At the Jewish Agency, we’re there each step of the way. Many young immigrant soldiers and students come to Israel on their own from the former Soviet Union on one of our unique aliyah programs to build a better life for themselves in Israel. Once here, our full continuum of support includes programs like the NATIV Jewish identity program, which solidifies their connection to the Jewish state and our heritage, and the Wings program, providing assistance for lone soldiers before their army discharge. lIVIng the AlIYAh dreAm exPlorIng AlIYAh oPtIons PAVIng the wAY for success 15,441 newIsrael immigrants came to in 2008, including 3,210 from north America, strengthening communities across the country. 12,400 newcomers living in one of 32 absorption centers are transitioning to life in Israel through a range of acculturation programs; 9,000 new immigrants learned Hebrew in our ulpan sites. 850 young people from the FSU started new lives on their own in Israel through our young-adult aliyah frameworks. 172 parents of lone immigrant soldiers from the FSU had an incredible one-week reunion with their children in Israel through our KESHET program. The new ALIYAH JOb CEnTEr provided in-depth personalized employment services, advisors and an information-rich portal into the job market in Israel. 191 young adult olim from Ethiopia were put on a fast track to education through our KEDMA absorption program. 1,549 olim families and singles connected to a community-wide network of support through our national AT HOME TOgETHEr volunteer program with veteran olim and Israelis. 80,000 people in the FSU, 5,200-plus in France and 2,400 in north America explored aliyah possibilities through fairs, community activities, seminars and individual counseling. Whether new immigrants or born and bred Israelis, these young people constitute the most important human capital of the Jewish people and the State of Israel. Learn more at www.jewishagency.org/youngcommunities 8 Jewish Agency 2008/09 Performance Report partnering to strengthen Israel and empower change You are giving 6,500 at-risk Israeli youth the tools to compete on a level playing field. What do they think? 85% want to do more. And what do the overwhelming majority of their parents think? It’s life-transforming. The rise in the number of youth at risk is one of the most serious social problems facing Israel. Particularly in the Negev and Galilee, the widening socioeconomic gap is consuming the futures of tens of thousands of Israel’s children and youth, ages 6-18. In a community-wide response that partners you with Israeli philanthropists, YOUTh FUTURES is changing the equation. Key to its success is a team of young adult trustees who serve as role models and supportive adult figures for each child. last year 350 trustees in 32 locations worked to develop personalized approaches to bridge critical gaps—educational, social and extracurricular—in order to dramatically increase the number of youth who reach their potential. InterVenIng for At-rIsk Youth “ My job is to support these children in every aspect of their life ... I help them understand they are special.” Read the story of this young trustee working with YOUTh FUTURES at www.jewishagency.org/moran 1,000 youthoratpart high risk, living full Last year we transformed the lives of more than 22,000 youth at risk through our innovative programs. 1,200in nET@, teens are participating AdVAncIng equAl oPPortunItIes time in a YOUTH ALIYAH village, are receiving the educational and emotional support to not only heal, but to thrive. Some 857 Ethiopian-Israeli students achieved extraordinary levels of academic success with the support of ATIDIM programs. 10 Jewish Agency 2008/09 Performance Report in 169 high schools, primarily in the negev and galilee, received enriched educational support to ensure they can compete equally for the prestigious IDF Academic reserves through PrE-ATIDIM. 13,000-plus disadvantaged students a three-year after-school technology program with partners Tapuah, Cisco and Keren Hayesod, in 22 communities. High tech will be a pathway to success for these students. 15,000 youth explored new ideas in a short-term educational or social program at nITzAnA, our educational community in the negev. 454are getting on a college students fast track to career success through an internship at one of 142 companies participating in ATIDIM for Industry. 78 students, committed to giving back as community professionals, are getting advanced degrees as ATIDIM Cadets for Public Service at Hebrew University. Youth Futures trustees are changing the equation for Israel’s disadvantaged youth. Read the evaluation at www.jewishagency.org/youthfutures partnering to connect and engage new generations power of Israel to infuse tomorrow’s leaders with enduring commitment. You are leading the way in building Jewish identity, using the Last year you helped 8,200 young adults from 48 countries participate in a long-term Israel experience. Future impact? 72% will volunteer in Jewish organizations, compared to 25% of non-participants—the foundation for tomorrow’s Jewish communities. Read study highlights at www.jewishagency.org/masa Learn more at www.jewishagency.org/masa 12 Jewish Agency 2008/09 Performance Report partnering to connect and engage new generations Last year you gave 5,000 youth in the FSU an identity-building, life-defining camp experience. 88% want to come back again next year. The impact on their community? Immeasurable. Our unique camping experience at 40 camps throughout the FSU continues to be an entry into Jewish life for thousands of youth ages 8-17. Just one part of our multiprong approach that uses the power of Israel to ignite connection in communities struggling with a 80% rate of assimilation. Read the evaluation at www.jewishagency.org/FSUcamping brIngIng IsrAel Into JewIsh communItIes Around the world Some youth in 44 Jewish day schools and 2,000 in 90 Sunday schools in the FSU benefited from the power of our Jewish education. 10,000 11,000 Jews in the FSU learned Hebrew and Jewish culture at our ulpanim, and more than 20,000 young Jews attending Jewish Agency youth clubs were connected to our history and heritage. 11,000 youth and 2,000 teachers in buenos Aires and its surroundings are being enriched through our Jewish identity programming. 20,000 students in formal Jewish education, and 2,000 children in supplementary Jewish education at 66 centers in Argentina, are receiving the foundation for building Jewish lives. 30,000-plus students and educators from around the world had online and on-demand access to Jewish Agency e-learning programming, including 20 courses at our e-academy. More than youth were connected to Israel 100,000 In the FSU, 400 youth enrolled in our SHOrASHIM (“roots”) program and other Holocaust study experiences deepened their understanding of Jewish identity in the context of 20th century history. 3,000-pluseducators worldwide Jewish had their horizons widened in our advanced training courses in Israel. Through Machon Institute for Youth Leaders from Abroad, a record 520 young adults trained to become leaders for Israel-centered education in their own communities. by Jewish Agency professionals in Jewish day schools around the world. More than 1,000 educators served as vital educational resources, including 400 young volunteers/educators. engAgIng new generAtIons In trAnsformAtIVe IsrAel exPerIences 47 young north Americans volunteered through the year-long Jewish Agency and UJC/Federation Otzma program. 20,000 young Jews were introduced to Israel on short-term programs through the Jewish Agency-supported Taglit-birthright Israel and our Israel Experience subsidiary, including 1,800 young people from the FSU. 1,400 young Israelis served in north American summer camps, impacting tens of thousands of youth by bringing the vitality of Israel into the camp experience. 200 young Israelis served in summer camps throughout the former Soviet Union. by participating in either a short- or long-term Israel experience, including hundreds of Eastern European youth. 40,000-plus young Jews were transformed no organization is putting Israel into the lives of more young people worldwide. Learn more at www.jewishagency.org/education 14 Jewish Agency 2008/09 Performance Report partnering to build living bridges into the Jewish future No matter where we live, we all share equally in securing the Jewish future. You are transforming “one people” into a dynamic reality. Last year you connected 11,000 young people from your partnered communities to one another. In a volunteer effort connecting 550 global communities in 45 partnerships with Israel, you’ve set a new paradigm for partnering with mutual impact. Learn more at www.jewishagency.org/partnerships 16 Jewish Agency 2008/09 Performance Report partnering to build living bridges into the Jewish future You are reimagining the why, what and way of Israel in the Jewish life of your community. Building on existing community resources through MAKOM, Jewish Agency professionals are collaborating with local leaders in 13 North American communities to imagine new ways to put Israel into the heart of Jewish life. From creating and delivering compelling educational, cultural and travel content, to experiences that deepen individual and community engagement with Israel, each multiyear strategy is unique to the specific community but the content and learning that develops from them are shared beyond. Learn more at www.jewishagency.org/makom forgIng PeoPlehood connectIng for mutuAl ImPAct mobIlIzIng Volunteers A connection to Jewish heritage, identity, Israel and our people was ignited for 40,000-plus individuals in Jewish and Israel-oriented programs at our cultural centers in Moscow, St. Petersburg and Kiev. Our second annual Israel/Diaspora business-to-business initiative to engage business leaders as agents of social change had a six-fold increase in the number of participants. 40,000 people,and half of whom were youth young adults, participated in our Partnership Living bridge projects to build people-to-people connections. community and economic development P2K projects; an additional 130,000 people attended large-scale P2K events. Partnership 2000 steering committee members from around the world, P2K professionals, and mayors representing the 45 partnerships from Kiryat Shmona to Eilat, came together to share best practices and chart new ways to connect at conferences held in Israel prior to the UJC gA general Assembly in november 2008. 70,000-plus Israelis participated in educational, 35 young Israeli volunteers from seven Partnership 2000 regions spent a year making Israel a vibrant part of 13 north American communities. 280 women from to 14 communities worked advance women’s health in Israel, participating in PrOJECT ISHA, a collaborative project initiated by the Cleveland Jewish Federation and implemented with the Israel Association of Community Centers. Learn more about how you can connect with the global Jewish partnership. Visit us at www.jewishagency.org/partnerships 18 Jewish Agency 2008/09 Performance Report a message from our leadership implications of the economic crisis in 2009 defining global We are the only global partnership governed by Jews from around the world and Israel. The decision-makers that guide our global partnership are your colleagues, your friends. People who care deeply about the Jewish future. Seats at our global partnership table Dear friends, In these turbulent times, we are all challenged in ways Australia Canada Europe Latin America South Africa Israel United States Administrative Cuts Employee reduction $13.2 million in administrative budget cuts in 2009, $18.9 cut since 2006 11% reduction in personnel; 20% since 2006 18% 42% 40% we could not have predicted a year ago. This is not just a global recession—this is a game-changer. No part of the Jewish world remains untouched. The bold steps that we put in place before and during this economic crisis enabled the global Jewish partnership to provide a high level of service to our beneficiaries while responding powerfully to emergency situations as they arose. As Israel was forced to defend its civilian population in the South, we immediately deployed critical resources. We deeply appreciate the response from Federations, United Jewish Communities, Keren hayesod, the International Fellowship of Christians and Jews and the Israeli business community in supporting critical needs, particularly in these financially complex times. Given the serious repercussions of the economic situation on the Jewish Agency and our funding partners, we continue to work hard to identify and implement solutions to exact the greatest possible impact from every single dollar spent. Now, as always, our beneficiaries are our most important priority. In order to maintain budgetary balance, we have slashed expenditures by $73.4 million in 2009. We continue to make major reductions in personnel. Since 2006, our permanent staff has been reduced by 20 percent and as you can see from the charts on the facing page, administrative cuts have been just as deep. We are now implementing changes to our organizational structure to not only reduce costs further but to increase efficiencies by centralizing key functions. While we continue to make every effort to minimize the negative fallout on our beneficiaries, unfortunately, we have also had to make major reductions in essential programs in order to be able to responsibly manage these financial realities. But as we have for eight decades, we see opportunity in this moment of change and challenge. We entered this time of uncertainty stronger and more focused and are positioned to emerge with even greater capability. AlIgnIng to meet the future We are a very different organization than we were just four years ago. Our global partnership has consistently remained a force for change specifically because of its capacity to strategically realign to meet new challenges, to overcome emerging obstacles, to leverage new opportunities. The Jewish future demands it. As we implemented the strategic plan forged by our global leadership in 2004, we refocused our work to align with our core competencies and areas where our partnership can achieve the greatest impact. We also set out with the goal to focus our work on the Jewish world’s new generations—we have. We set out to reimagine the global Jewish partnership in the context of 21st century realities. We did. Today, we are partnering Israeli business and philanthropic leaders with our worldwide partners to invest in initiatives for new immigrants, children at risk, and talented young people from underprivileged regions. We made a commitment to engage more volunteers in our work. Today, an Israeli public is paving the way to success for new immigrants. To execute the new strategies successfully, we made comprehensive changes in how we do our work. We implemented new operational and management systems, a new approach to customer service, and a commitment to measure and evaluate our impact. We created a culture of transparency and inclusiveness within our management team and among our lay leadership. We shifted key decision-making into our major markets allowing our professionals to utilize their critical on-the-ground knowledge to add value to our work. We accelerated efforts to integrate our global operations and transform our service delivery by leveraging technology more effectively. We made these sweeping changes by building consensus and engaging the Jewish world’s most far-reaching and representative Jewish leadership. As we look around the Jewish Agency global partnership table it is that extraordinary range of world views that enriches the very nature of our partnership. Today, we are embarking on a process to evaluate the strategic plan in the context of today’s realities to ensure that we move forward from a strategic rather than a reactive perspective. That has always been the strength of this unmatched global partnership… the vision to see where we need to go and the will to do what it takes to get there. Our task is to prepare the Jewish world’s only global partnership to lead in the new era. The single most important message that we want you to take away is the indispensable role you play in this extraordinary partnership. Now, as in the past, as each generation drives this partnership forward it leaves its mark. At this moment of incredible challenge and possibilities, it’s our turn. Active throughout Israel and more than 60 countries around the world, we are the only global organization focused on connecting new generations to Israel—and to each other. Each year we engage thousands of volunteers worldwide in our partnership—the only global partnership singularly focused on securing the future of a connected Jewish people with a strong Israel at its heart. Richard L. Pearlstone Chair, Board of Governors hagai Meirom Treasurer Shoel Silver Chair, Budget/Finance Committee Moshe Vigdor Director General 20 Jewish Agency 2008/09 Performance Report Management Discussion & Analysis The main fiscal issue for most of 2008 was the collapse in the shekel value of the U.S. dollar during the first nine months of the year. Although the majority of the Jewish Agency’s income is received in U.S. dollars, the majority of its expenditures are made in Israeli shekels. During 2008 there were wild fluctuations of the shekel-dollar exchange rate, which resulted in a severe weakening of the U.S. dollar against the Israeli shekel during most of the year, as seen in the table below. The average exchange rate for 2008 was $1=3.59 shekels as compared to an average exchange rate of 4.11 shekels to the dollar during 2007. As a result, the Jewish Agency’s cost in dollars of shekel-denominated expenditures was 14.5% higher on average during 2008, as compared to the same shekel-denominated expenditures in 2007. In addition to the challenges encountered as a result of the exchange rate, the onset of the economic crisis affected the unrestricted, core income of the Jewish Agency, which in 2008 was approximately $6 million lower than its 2007 level. These two factors were the primary causes of a $29 million deficit from activities incurred in 2008. In parallel, the liability to the Pension Fund increased by nearly $41 million. It stood at $197 million at December 31, 2008 as compared to $156 million at December 31, 2007. This increase remained following a special contribution by the Jewish Agency of $25 million to the Pension Fund. The liability grew despite the fact that the actual yield received on the invested assets was nearly double the discount rate used in the actuarial calculation. Revenues from asset realization of $45.4 million were utilized for the improvement of the Agency’s financial position. Almost all this income was derived from the payments by the Government of Israel in respect to the sale of apartments owned by the Jewish Agency and by some of its major supporters (hereafter – Amigour Apartments) under an agreement signed in February 1999. Under the terms of the 1999 agreement, this revenue stream is expected to continue for the next six years. During 2008, the Jewish Agency’s accumulated deficit in net unrestricted assets increased by nearly $12 million, from $201 million at the end of 2007 to $213 million at December 31, 2008. The signal achievement of a positive working capital surplus at the 2004 year end has been sustained in subsequent years. Bolstered by the cash receipts from the sale of the Amigour Apartments, the Jewish Agency has enjoyed a substantial improvement in its liquidity over the past several years. The Jewish Agency’s working capital surplus (current assets less current liabilities) was $49 million at December 31, 2008 as compared to $58 million at December 31, 2007. The Jewish Agency’s total revenues increased by 7% during 2008 and amounted to more than $641 million, compared to $600 million in 2007. This is the highest revenue for the Jewish Agency in more than 15 years. 2008 saw an expansion in the scope of the Jewish Agency’s operational expenses, not including financial expenses, of more than 11%. These expenditures totaled $660 million compared to $594 million in 2007. The portion of the Jewish Agency’s operational expenses that fell within the framework of designated projects and allocations, other than projects funded by the grant from the U.S. Government, amounted to $247 million compared to $234 million in 2007, an increase of nearly 6%. At the beginning of the year, a historic agreement was reached with the kibbutz sector regarding the settlement of the sector’s debt to the Jewish Agency. As a result, revenues of nearly $31 million were booked, with the proceeds used as the seed money for an endowment fund. Jewish Agency 2008 financial highlights Volatility of the Shekel-Dollar Exchange rate 1999-2008 Working Capital Surplus / Deficit 22 Jewish Agency 2008/09 Performance Report Trends for 2009 The major challenge and focus for 2009 will be to maintain a balanced budget. Due to the worldwide economic slowdown, the Jewish Agency is facing three converging challenges: the risk of declining revenues, increasing demands and underlying inflationary forces. In addition to the economic slowdown, the “Madoff “ fallout has made fundraising more difficult. Steps have already been taken to enable the Agency to maintain a balanced budget by encouraging early retirement of veteran employees, prioritizing of the Agency’s activities and undertaking a major efficiency drive. Despite the existing budgetary pressures, the Agency’s first priority for cutbacks will be focused on creating efficiencies. Only when this avenue is exhausted will the Agency’s programs be affected. Where appropriate, the Jewish Agency will continue to strive for the creation of new strategic partnerships with major Israeli donors to further support its activities. The MASA program, which is funded jointly with the Government of Israel, and facilitates Jewish students spending an extended period in Israel, brought more than 8,000 young Jews to Israel during the 2007-2008 academic year, maintaining the participation levels of the preceding year. It is not expected to dramatically expand during the forthcoming year. As a result of the continued sale of the Amigour Apartments to the Government of Israel, and assuming that the measures taken to maintain a balanced budget are sufficient, it is expected that there will be a continued reduction of the Jewish Agency’s debt and an improvement of its financial position, including its working capital. Offsetting this, the uncertainties in the financial markets and the decline in the Israeli economy may have an impact on the performance of the Pension Fund, which would widen the existing unfunded pension liability. Consolidated balance Sheets as of December 31, 2008 Thousands US $ 2007 Thousands US $ liabilities, net of deficit in net assets Current liabilities Short-term credit from banks Accounts payable Liability for employee rights upon retirement, net Current maturities of long-term bank loans and deposits payable Total current liabilities Long-term liabilities Bank loans and deposits payable Liability for employee rights upon retirement, net Other liabilities Total long-term liabilities Minority interest 449 102,178 5,000 13,107 120,734 270 121,530 25,000 16,009 162,809 53,514 238,795 15,415 307,724 256 (213,185) 166,117 (47,068) 62,282 174,233 16,880 253,395 261 (200,985) 179,333 (21,652) Consolidated balance Sheets as of December 31, 2008 Thousands U.S. $ 2007 Thousands U.S. $ Deficit in unrestricted net assets Temporarily restricted for projects Total deficit in net assets total liabilities, net of deficit in net assets 381,646 394,813 assets Current assets Cash and cash equivalents Accounts receivable Current maturities of investments and other assets Total current assets Investments and other assets Fixed assets 85,930 84,109 170,039 63,620 147,987 128,234 88,023 4,723 220,980 31,453 142,380 Date of approval of financial statements: June 1, 2009 Hagai Meirom Treasurer Shoel Silver Chair, Budget/Finance Committee Yaron neudorfer Chief Financial Officer total assets 381,646 394,813 Please refer to the companion document “2008 Financial Report” to review accompanying notes that are an integral part of these financials. 24 Jewish Agency 2008/09 Performance Report 2008 financial highlights Consolidated Statements of Operations for the Year Ended December 31, 2008 Thousands U.S. $ 2007 Thousands U.S. $ Statements of Changes in Deficit in Net Assets Unrestricted in use For operations Thousands U.S. $ Temporarily restricted For projects For allocations Total Thousands U.S. $ Thousands U.S. $ Thousands U.S. $ Board designation Thousands U.S. $ revenues: Unrestricted donations and contributions: United Israel Appeal, Inc. Keren hayesod – United Israel Appeal International Fellowship Direct donations & Spirit of Israel Net assets released from restrictions: United Israel Appeal, Inc. U.S. Government grant Keren hayesod – United Israel Appeal Direct donations & Spirit of Israel International Fellowship Other income Total revenues Cost of activities and other expenses: Immigration and absorption department Education department Israel department Amigour social housing Allocations and social programs JAFI-wide projects and organizational activities Support functions Allocation to World Zionist Organization Global management 122,915 47,129 9,000 662 134,082 37,508 54,394 38,003 20,515 177,410 641,618 135,439 45,539 3,451 1,303 126,077 39,827 43,091 26,100 38,720 140,224 599,771 Balance at January 1, 2007 (223,479) - 169,334 91 (54,054) changes during 2007: Temporarily restricted donations and contributions received: United Israel Appeal, Inc. U.S. Government grant Keren hayesod – United Israel Appeal International Fellowship Direct donations & Spirit of Israel Total received Released from restriction Net income for the year Release of restricted assets depreciation expenses Net change during 2007 Balance at December 31, 2007 19,439 3,055 22,494 - 93,122 39,827 10,994 4,338 14,227 162,508 (149,454) (3,055) 9,999 46,440 31,042 34,888 11,900 124,270 (124,361) (91) 139,562 39,827 42,036 39,226 26,127 286,778 (273,815) 19,439 32,402 120,965 106,599 102,517 24,061 130,974 128,945 34,238 7,300 4,330 659,929 114,472 93,886 88,622 23,357 127,834 101,492 32,365 7,800 4,256 594,084 5,687 (5,315) 372 (200,985) - 179,333 - (21,652) changes during 2008: Temporarily restricted donations and contributions received: United Israel Appeal, Inc. U.S. Government grant Keren hayesod – United Israel Appeal International Fellowship Direct donations & Spirit of Israel Total received Income (deficit) from ordinary operations Financial expenses, net Income (deficit) from activities Other income (expenses): Income from asset realization, net: Sale of Amigour apartments Sale of other JAFI-owned assets Increase in pension liability, net Income from Kibbutz sector agreement Other income, net Net (deficit) income for the year (18,311) (10,304) (28,615) (18,374) (30,800) 6,174 (43,000) 30,800 30,800 59,944 37,508 21,639 2,034 28,619 149,744 (156,786) (6,174) (13,216) 65,852 32,785 17,767 11,312 127,716 (127,716) - 125,796 37,508 54,424 19,801 39,931 277,460 (284,502) (18,374) (25,416) 44,322 1,069 (65,950) 30,800 10,241 43,670 3,257 (27,860) 19,067 Released from restriction Net deficit for the year Board designation Release of fixed assets and restricted assets depreciation expenses Net change during 2008 Balance at December 31, 2008 (18,374) 19,439 (243,985) 30,800 166,117 - (47,068) Please refer to the companion document “2008 Financial Report” to review accompanying notes that are an integral part of these financials. 26 Jewish Agency 2008/09 Performance Report 2008 financial highlights the Jewish Agency for Israel and you Partnering with purpose, all over the world. With deepest gratitude, we recognize our valued partners in purpose. You make our history-making work possible. We would like to thank each donor supporting annual campaigns worldwide, as well as our valued volunteer and professional partners at United Jewish Communities and in Jewish federations across north America, and at Keren Hayesod-United Israel Appeal. Your enduring commitment provides the vital support to ensure the ongoing core work of the Jewish Agency. Together, with our partners worldwide, we are securing the Jewish future. 28 Jewish Agency 2008/09 Performance Report United Jewish Communities (UJC) In addition to your indispensable core funding, we would like to thank the many UJC/Federations that made designated grants to critical programs and emergency campaigns. Allied Jewish Federation of Colorado Augusta Jewish Federation Calgary Jewish Community Council Canton Jewish Community Federation Central Kentucky Jewish Federation Champaign-Urbana Jewish Federation Charleston Jewish Federation Columbia Jewish Federation Columbus Jewish Federation Combined Jewish Philanthropies of Greater Boston Durham-Chapel Hill Jewish Federation Fall River UJA Inc Federation CJA Flint Jewish Federation Fort Wayne Jewish Federation Greater Miami Jewish Federation Greensboro Jewish Federation Jacksonville Jewish Federation Jewish Communities of Western CT, Inc. Jewish Community Alliance of Southern Maine Jewish Community Association of Austin Jewish Community Board of Akron Jewish Community Federation of Cleveland Jewish Community Federation of Greater Chattanooga Jewish Community Federation of Greater Rochester Jewish Community Federation of Louisville Jewish Community Federation of Richmond Jewish Community Federation of San Francisco, the Peninsula, Marin & Sonoma Counties Jewish Community Federation of the Greater East Bay Jewish Community Federation of the Mohawk Valley Jewish Federation of Arkansas Jewish Federation of Atlantic and Cape May Counties Jewish Federation of Brevard and Indian River Counties Jewish Federation of Broward County Jewish Federation of Central Massachusetts Jewish Federation of Central New Jersey Jewish Federation of Cincinnati Jewish Federation of Collier County Jewish Federation of Cumberland County Jewish Federation of Delaware Jewish Federation of Dutchess County Jewish Federation of Eastern Connecticut, Inc. Jewish Federation of Edmonton Jewish Federation of El Paso, Inc. Jewish Federation of Fort Worth & Tarrant County Jewish Federation of Grand Rapids Jewish Federation of Greater Portland Jewish Federation of Greater Ann Arbor Jewish Federation of Greater Atlanta Jewish Federation of Greater Baton Rouge Jewish Federation of Greater Buffalo, Inc. Jewish Federation of Greater Charlotte Jewish Federation of Greater Clifton-Passaic Jewish Federation of Greater Dallas Jewish Federation of Greater Dayton Jewish Federation of Greater Des Moines Jewish Federation of Greater Hartford Jewish Federation of Greater Houston Jewish Federation of Greater Indianapolis Jewish Federation of Greater Kansas City Jewish Federation of Greater Long Beach & West Orange County Jewish Federation of Greater Los Angeles Jewish Federation of Greater Middlesex County Jewish Federation of Greater Monmouth County Jewish Federation of Greater New Bedford Jewish Federation of Greater New Haven Jewish Federation of Greater New Orleans Jewish Federation of Greater Oklahoma City Jewish Federation of Greater Orange County Jewish Federation of Greater Orlando Jewish Federation of Greater Philadelphia Jewish Federation of Greater Phoenix Jewish Federation of Greater Rockford Jewish Federation of Greater Santa Barbara Jewish Federation of Greater Seattle Jewish Federation of Greater Vancouver Jewish Federation of Greater Washington Jewish Federation of Greater Wilkes-Barre Jewish Federation of Lee & Charlotte Counties Jewish Federation of Metropolitan Detroit Jewish Federation of Nashville and Middle Tennessee Jewish Federation of New Hampshire Jewish Federation of New Mexico Jewish Federation of North Shore Jewish Federation of Northwest Indiana Jewish Federation of Ocean County Jewish Federation of Omaha Jewish Federation of Orange County Jewish Federation of Ottawa Jewish Federation of Palm Beach County Jewish Federation of Palm Springs and Desert Area Jewish Federation of Peoria Jewish Federation of Reading, PA Inc. Jewish Federation of Rhode Island Jewish Federation of Rockland County Jewish Federation of San Antonio Jewish Federation of Silicon Valley Jewish Federation of Sioux City Jewish Federation of Somerset, Hunterdon & Warren Counties Jewish Federation of South Palm Beach County Jewish Federation of Southern Arizona Jewish Federation of Southern Illinois, Jewish Federation of Southern New Jersey Jewish Federation of St. Joseph Valley Jewish Federation of St. Louis Jewish Federation of the Berkshires, Inc. Jewish Federation of the Lehigh Valley Jewish Federation of the Quad Cities Jewish Federation of the Sacramento Region Jewish Federation of Tulsa Jewish Federation of Ventura County Jewish Federation of Volusia & Flagler Counties Jewish Federation of Western Massachusetts Jewish Federation of Winnipeg-Combined Jewish Appeal Jewish United Fund/Jewish Federation of Metropolitan Chicago Knoxville Jewish Alliance, Inc. London Jewish Federation Madison Jewish Community Council Memphis Jewish Federation Merrimack Valley Jewish Federation Mid-Kansas Jewish Federation Milwaukee Jewish Federation Minneapolis Jewish Federation North Louisiana Jewish Federation Raleigh-Cary Jewish Federation Sarasota-Manatee Jewish Federation Savannah Jewish Federation Springfield Jewish Federation Southeast Missouri and Western Kentucky Syracuse Jewish Federation Tampa Jewish Community Center/Federation, Inc. The Associated: Jewish Community Federation of Baltimore The Birmingham Jewish Federation The Jewish Federation of Northeastern Pennsylvania The Jewish Federation of Pinellas/Pasco Counties The Jewish Federation, Inc. The United Jewish Council of Greater Toledo UJA Federation of Greater Toronto UJA Federation of Greenwich, Connecticut UJA Federation of Northern New Jersey UJA Jewish Federation of Hamilton UJA/Federation of Eastern Fairfield County UJA-Federation of New York UJA Federation of Westport-Weston-Wilton-Norwalk United Jewish Communities of MetroWest New Jersey United Jewish Community of Monterey Peninsula United Jewish Community/Jewish Federation of Las Vegas United Jewish Community of the Virginia Peninsula United Jewish Federation of Greater Harrisburg United Jewish Federation of Greater Stamford, New Canaan and Darien United Jewish Federation of Northeastern New York United Jewish Federation of Pittsburgh United Jewish Federation of Princeton Mercer Bucks United Jewish Federation of San Diego County United Jewish Federation of Tidewater United Jewish Federation of Utah United Jewish Fund and Council of Greater St. Paul Windsor Jewish Federation Youngstown Area Jewish Federation Keren-Hayesod / United Israel Appeal English-Speaking Country Campaigns United Israel Appeal Australia UIA Federations Canada United Jewish Israel Appeal Great Britain Israel United Appeal-UCF South Africa United Israel Appeal New Zealand United Israel Appeal Hong Kong and the Far East Keren Hayesod Singapore Keren Hayesod – Appello Unificato per Israele, Roma Keren Hajessod Schweiz – Vereinigte Israel Aktion, Zurich Keren Hayessod Action Israël – Suisse Romande, Genève Collectieve Israel Actie, Holland Christenen Voor Israel, The Netherlands Keren Hayesod España Keren Hayesod, Portugal Förenade Israelinsamlingen Sweden Keren Hayesod – Dan Danske Israelindsamling, Denmark Förenade Israelinsamlingen Finland Patmos Foundation, Finland Hjelp Jews Home, Norway Fellesinnsamlingen for Israel, Norway Keren Hayesod, Faroe Islands Latin American Region Campaigns Keren Hayesod Bolivia Keren Hayesod Chile Keren Hayesod Costa Rica Keren Hayesod Colombia Keren Hayesod Ecuador Keren Hayesod Panamá Keren Hayesod Guatemala Keren Hayesod México Keren Hayesod Paraguay Keren Hayesod Perú Fundo Comunitário Porto Alegre Fundo Comunitário Rio de Janeiro Fundo Comunitário São Paulo Fundo Comunitário Curitiba Keren Hayesod Republica Dominicana Keren Hayesod Uruguay C.U.E. Venezuela C.U.J.A. Campaña Unida Judeo Argentina European Region Campaigns Keren Hajessod – Vereinigte Aktion Fuer Israel, Austria Keren Hayesod – Verenigde Israel Actie, Antwerpen Solidarité avec Israël et le Peuple Juif – Keren Hayesod, Brussels Appel Unifié Juif de France Keren Hayesod – Vereinigte Israel Aktion e. V., Germany Keren Hayesod – Appello Unificato per Israele, Milano Eastern Region Campaigns Keren Hayesod Athens Keren Hayesod Thessaloniki Keren Hayesod Ukraine Keren Hayesod Latvia and Lithuania Keren Hayesod CIS Your core support powers our global partnership. 30 Jewish Agency 2008/09 Performance Report No one gift touches more lives. Designated giving In addition to the core support provided by our valued partners at UJC/Federations and KerenHayesod, our profound thanks to our many friends and supporters worldwide who generously provide support through designated grants to our programs and emergency campaigns. Giora Ackerstein, Chairman and Managing Director, Ackerstein Industries Ltd. Africa Israel Hotels Ltd. Alfred Akirov, Chairman, Alrov Group Amdocs (Israel) Ltd. Yossi Avrahami Civil Engineering Works Elliott and Marlys Badzin Bank Hapoalim Steve Beilowitz BIG Shopping Centers Caniel Package Ind. Sol Center The Chais Family Foundation Check Point Software Technologies Ltd. The Chester Family Foundation Compedia LTD. Conference on Jewish Material Claims Against Germany Dan Hotels Israel Nochi Dankner, Chairman & CEO, IDB Holding Corporation Ltd. Max M. & Marjorie S. Fisher Foundation Inc. The Fishman Group Galei Eilat Hotel Garfinkle Family Charitable Trust Genesis Philanthropy Group The Abraham Gertzman Fund of the Jewish Federation of Metropolitan Detroit Barnard J. Gottstein GMT – Global Money Transfer The Isadore and Bertha Gudelsky Family Foundation, Inc. Hadassah - The Women’s Zionist Organization of America Inc. Elie Horn, Lev Leviev, Aaron and Zev Wolfson International Commission on Holocaust Era Insurance Claims (ICHEIC) International Fellowship of Christians and Jews and Rabbi Yechiel Eckstein Iranian American Jewish Federation of New York Jewish Funders Network John Hagee Ministries Joseph, z”l & Betty, z”l Kopelowitz Dov Lautman, Chairman, Lautman Foundation Leumi Acharai Makhteshim Agan The Levy Markus Foundation Moms for Israel Montammy Golf Club through UJA Federation of Northern New Jersey The Andre and Katherine Merage Foundation The David & Laura Merage Foundation The Joseph and Harvey Meyerhoff Family Charitable Funds Negev Ceramics Yehuda (Yuli) Ofer, Chairman, Ofer Brothers Properties LTD. Oran Foundation Paamei Tikva Ltd. Perrigo Israel Pharmaceuticals Ltd. Queen Esther Foundation Edmond J. Safra Philanthropic Foundation Jodi Schwartz Ronald A. Sedley Shelters for Israel Shelters for Israel (Second Generation) Larry and Jane Sherman Philanthropic Fund The Alan B. Silfka Foundation Raya Strauss Ben Dror The Avi Chai Foundation The Morningstar Foundation The Robert Russell Memorial Foundation Stephen S. Wise Temple UJC Endowment Fund Youth Aliyah Germany Youth Aliyah Switzerland Mordechai (Motti) Zisser, Chairman, Elbit Medical Imaging LTD. Leonore and Larry Zusman, through the Columbus Jewish Federation Israel Education Fund (IEF) We would like to thank our many partners who have infused Israel’s communities with the educational, cultural and sports facilities to support community growth. The Israel Education Fund is a partnership of the Jewish Agency and United Jewish Communities. Anchorage, Alaska Barnard J. Gottstein baltimore, Maryland The Joseph & Harvey Meyerhoff Family Charitable Funds The Harry & Jeanette Weinberg Foundation bergen County, new Jersey The Joseph Appleman Family Norman Seiden boca raton, Florida Rose and Solomon Turetsky William Sheldon Charlotte, north Carolina John Belk Chicago, Illinois The Estate of Mollie Goodman Collier County, Florida Lorie Mayer Denver, Colorado The David and Laura Merage Foundation East bay, California Larry Ellison Hollywood, Florida The Eleanor M. and Herbert D. Katz Family Foundation Houston, Texas Jewish Federation of Greater Houston Los Angeles, California Benjamin D. & Harriet Bagno The Chais Family Foundation Anita Hirsh The Levy-Marcus Foundation Shelters for Israel Sinai Temple Stephen S. Wise Temple, Metuka Benjamin, Director of Education MetroWest, new Jersey Mortimer J. Harrison Trusts Miami, Florida Joseph, z”l & Betty, z”l Kopelowitz Henry, z”l & Eve Rose The Russell Foundation new Orleans, Louisiana The Woldenberg Foundation new York, new York The Jacques Asseoff Estate Adele Becker Diane Belfer The Gladys and Irving Coopersmith Estate Council of Organizations/Labor Zionist Organization The Ernst & Paula Deutsch Foundation Henry, z”l and Edith Everett Sheldon Goldstein The Gould-Shenfeld Foundation Joseph Gurwin The Stella & Charles Guttman Foundation Paula & Henry Hanover The Dr. Bernard Heller Foundation Myrtle Hirsh Family The Jesselson Family Foundation Bobi Klotz Leon Miller William Newman The Claire F. Perlman Family Isaac Pulvermacher, Chairman Thelma Rodbell The Samuel Rubin Foundation Yisroel Schulman Harriet Sloane Leonard Stern David & Marietta Teitler UJA-Federation of New York Lily Wajnberg Elaine Winik Omaha, nebraska The M.H. Newman Foundation Palm beach County, Florida Sidney, z”l & Mildred Edelstein The Eugene & Estelle Ferkauf Foundation Sylvia Fried Daniel M. & Bente S. Lyons Palm Springs, California Helene Berman Jewish Federation of Palm Springs and Desert Area Puerto rico David Efron rochester, new York The Futerman Supporting Foundation, Inc. Jewish Community Federation of Greater Rochester Sarasota-Manatee, Florida Alfred R. Goldstein Lucien Levy The Sheldon Foundation Tulsa, Oklahoma The Shusterman Family Foundation Waco, Texas The Bernard & Audre Rapoport Foundation Washington DC Hershel W. & Goldene Blumberg Waukegan, Illinois Mark Lidschin Wormleysburg, Pennsylvania Grass Family Foundation We would also like to recognize the 46 Board of Governor members and the 526 Jewish Agency employees who gave so generously to our Jewish Agency for Israel Fund to Secure the Jewish Future in support of our core work in 2008. Jewish Agency Endowment We would like to recognize the following visionaries who have made a legacy commitment to support the vital work of the Jewish Agency for Israel in perpetuity—an enduring legacy to secure the Jewish future. Bennet Aaron Joan Benstock Herschel Blumberg The Crown-Goodman Family Betsy Gidwitz Alex Grass Arlene Kaufman H. Irwin Levy Norman Lipoff Neil Moss Julie Wise Oreck Richard Pearlstone Myra Reinhard Jay Sarver Ronald A. Sedley Mike Shapiro Jane Sherman Alan Shulman Carole Solomon Richard Wexler 32 Jewish Agency 2008/09 Performance Report Your support powers our global partnership. Spirit of Israel / People of Israel The Jewish Agency would like to recognize those who have worked by our side to change the face of philanthropy in Israel—especially our main partner, the Spirit of Israel, founded by the Jewish Agency for Israel and Keren hayesod-UIA in 1997. The 230,000-plus donors to the spirit of Israel campaign continue to make an extraordinary impact on behalf of Israel’s most disadvantaged populations. We would like to also express special appreciation to the following Israeli individuals and business partners for their outstanding support and volunteerism last year: non-Jewish Support The Jewish Agency extends profound thanks to the many non-Jewish supporters who help make our work possible. Among others, we are particularly grateful for the long-standing major support and leadership of the International fellowship of christians and Jews, led by rabbi Yechiel eckstein, its founder, president and an active member of the Jewish Agency Executive. Based in Chicago with an office in Jerusalem that maintains a close relationship to the Jewish Agency, over the past decade IFCJ has been an indispensable partner. From dramatic rescues of Jews in peril to ensuring every new immigrant has the support to succeed, IFCJ plays a major role in our ability to meet urgent needs. We would also like to give special recognition to Pastor John hagee for his unwavering commitment to Israel’s people and the critical support provided by the John hagee ministries, including considerable financial support for the Sapir Absorption Center and the Ben Yakir Youth Village. global Leadership bOArD OF gOVErnOrS Richard L. Pearlstone, Chairman of the Jewish Agency Board of Governors Zeev Bielski, Chairman of the Executive of the Jewish Agency (through February 2009) Hagai Meirom, Treasurer of the Jewish Agency World zionist Organization Reuven Adler Mark S. Anshan Meir Azari Yossi Bachar Gavri Bar-Gil Nir Barkat Oved Benozair Harvey Blitz Kenneth Bob David Breakstone Meir Cohen Nochi Dankner Stanley Davids Avraham Duvdevani Paula Edelstein Jerome Epstein Nancy Falchuk Miriam Feirberg Sami Friedrich Ady Gai Nechemia Ganot Helena Glaser Gael Grunewald Eitan Haber Tzvi Hasson Richard Hirsch Shlomo Kostiner Avi Krampa Vernon Kurtz Ofer Laufman Dov Lautman Menachem Leibovic Joel Meyers Avi Naor Ehud Naor Yaakov Ne’eman Arik Nudelman Avi Pazner Amir Peled Liat Ravner Leon Recanati Uri Regev Uriel Reichman Steve Savitsky Zeev Shor Alan Silberman Moshe Smith Sondra Sokal Efi Stenzler Ofra Strauss Kalman Sultanik Moshe Theumim Rani Trainin Yehiel Wasserman Eitan Wertheimer Eric Yoffie Ben-Zion Zilberfarb United Jewish Communities/UIA Bruce Arbit Richard Bernstein Stephen Breslauer Alisa Doctoroff Gary Erlbaum Iris Feinberg Dede Feinberg Cheryl Fishbein Michael Gelman Betsy Gidwitz Herb Gimelstob Andrew Groveman Michael Horowitz Sharon Janks Larry Joseph Arlene Kaufman Joe Kanfer Leonard Beth Kieffer Lori Klinghoffer Murray Laulicht Mark Levy Neil Moss Robert Naboicheck Karen Pack Chuck Ratner Myra Reinhard Lester Rosenberg Jay Sarver Stephen Selig John Shapiro Jane Sherman Bruce Sholk Richard Wexler Toni Young Fred Zimmerman Honorary Members: Charles Goodman Alex Grass Carole Solomon Past Chairmen board of governors Carole Solomon 2003-2007 Alex Grass 1999-2003 Charles Goodman 1995-1999 Mendel Kaplan 1987-1995 Gerald Hofberger, z”l 1983-1987 Max Fisher, z”l 1971-1983 Founding Chair Bank Hapoalim Ben & Evelyn Lipshitz Charity Trust BDO Ziv Haft Carasso Group Cellebrite Check Point Compedia Comsecure Eithan & Ala First ExLibris Formula Systems Fritz Companies Israel T.Ltd Gravity HyperMedia Systems Ltd. Ishaia &Jane Gol Keshet Joel Koschitzky Matrix McDonald’s Israel Microsoft R&D Moshe & Esther Bronshtein Oran Foundation Paamei Tikva Ltd. Pelephone Shalmor Avnon Amichai /Y&R Shibolet & Co. Surecomp Teva Z.M.H. Hammerman Group Executive Sallai Meridor 1999-2005 Avraham Burg 1995-1999 Simcha Dinitz, z”l 1987-1994 Arye L. Dultzin, z”l 1978 -1987 Joseph Almogi, z”l 1976-1978 Pinchas Sapir, z”l 1974-1975 Arye L. Pincus, z”l 1965-1973 Moshe Sharett, z”l 1961-1965 Zalman Shazar, z”l 1956-1961 Berl Locker, z”l 1948-1956 David Ben-Gurion, z”l 1935-1948 Arthur Ruppin, z”l 1933-1935 Keren HayesodUnited Israel Appeal Ronni Benatoff Simy Bentata Pierre Besnainou Sami Bollag Laurence Borot Mick Davis Nelly De Bobrow Yechiel Eckstein Anita Fischer Marc Gold Adnan Kandyoti Mendel Kaplan Robert Kaplan Brian Kerner Joe Lebovic Mark Leibler Danny Liwerant Leonid Nevzlin Menno Paktor Stanley Plotnick Sruel Prajs Shoel Silver Jack Smorgon Harvey Wolfe United Israel Appeal (UIA) The United Israel Appeal, a subsidiary of United Jewish Communities, is a principal beneficiary of UJC’s United Jewish Appeal Federation Campaign. For more than three decades, through UIA, the Jewish Agency has been the recipient of a US Government Grant to bring humanitarian migrants from countries of distress to Israel. A considerable portion of the funds are used to bring Ethiopian Jews to Israel and to settle them in temporary housing. Initiated by Congress during the early 1970s in response to the first large influx of Soviet Jews to Israel, the State Department’s Bureau of Population, Refugees and Migration supervises grant programs. Key members of the US Senate and house of Representatives have provided the leadership to assure continued support. Over the years, members of Congress have recognized the continuing responsibility to help bring Jews to Israel from countries of distress based on the principle that free emigration is a hallmark of a democratic society, and therefore a priority of the US Congress. They look upon this grant as a concrete expression of these values. SEnIOr MAnAgEMEnT Moshe Vigdor, Director General Eli Cohen, Director General, Aliyah and Absorption Department Leah Golan, Director General, Israel Department Alan Hoffmann, Director General, Jewish-Zionist Education Department Jeff Kaye, Director General, Resource Development and Public Affairs Department Yaron Neudorfer, Director General, Finance Department Josh Schwarcz, Secretary General and Director of the Companies Bureau Moshe Shif, Deputy Director General and Director of Human Resources Arie Abir, Regional Manager, Europe Maxyne Finkelstein, CEO, Jewish Agency for Israel, North America Alex Katz, Regional Manager, Former Soviet Union David Roche, Regional Manager, France Yehuda Sharf, Regional Manager, Israel Rony Steinitz, Regional Manager, South America 34 Jewish Agency 2008/09 Performance Report Concept/Copy/Creative by TycherStein.com Photography credits / Shlomy Ben-Ami P 6 / Ancho Gosh Cover, P 10 / Naftali Hilger P 9 / Shimi Nachtailer P 8 / Jordan Polevoy P 3 (right) / Azri Samin P 3 (left) 12, 16, 21 (left and right) / Israel Sun P 2 / Sasson Tiram P 5 Index Partnering in times of crisis Partnering to strengthen Israel and empower change Partnering to connect and inspire the next generation Partnering to build living bridges in the Jewish future Global partnership table Message from leadership Financial highlights Donor recognition Global leadership 2 6 12 16 20 20 22 28 35 the Jewish Agency for Israel and you. Partnering with purpose, all over the world. 2008 Israel Prize winner. As Israel’s largest and most effective nonprofit, the Jewish Agency is the leader in partnering the people of Israel with communities and donors worldwide to meet the Jewish world’s 21st century challenges. The Jewish Agency is funded by United Jewish Communities, major Jewish federations in North America, Keren hayesod, the International Fellowship of Christians and Jews, foundations and donors from Israel and around the world. Find out more about how you can make an impact: v 212 339.6048 e ask@jewishagency.org www.jewishagency.org