Overview
What is Central Fund Of Israel?
The Central Fund of Israel is a charitable organization based in Cedarhurst, New York, with the address 461 Central Ave. Established in 1979, this nonprofit has been promoting charitable activities in Israel for over four decades. Its mission is to ensure that donations go directly to charities in Israel, enabling them to thrive. In light of the increasing anti-Semitism and threats to the Jewish nation and its supporters, Central Fund of Israel supports organizations that combat these issues. They do this through various means, including legal pursuits and public awareness campaigns. Central Fund of Israel has a long-standing reputation for its volunteer-driven approach, with no solicitation or advertising. Over the years, it has received numerous accolades for its contributions to Israel and its charities, helping over 400 of them annually.
Official website here: www.centralfundofisrael.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Central Fund of Israel has received a Two-Star out of Four Star rating from Charity Navigator, reflecting a score of 74%. While the organization boasts a 99.77% program expense ratio, indicating that nearly all donations are directed to charitable causes, it faces challenges in accountability due to missing policies such as conflict of interest and whistleblower protections. The board is composed entirely of independent members, which is a strength, but financial statement audits have room for improvement.
User reviews highlight the organization’s all-volunteer structure, ensuring that 100% of donations go directly to various charitable causes, including humanitarian aid, education, and community projects in Israel. Many reviewers appreciate the organization's commitment to transparently allocating funds according to donor wishes. Positive feedback emphasizes the reliability and effectiveness of the Central Fund in supporting registered nonprofits that provide essential services.
However, some criticism exists, particularly concerning the political affiliations of some recipient organizations. One reviewer expressed concern that donations may disproportionately support extreme right-wing causes, which could deter potential donors who prefer more balanced allocations. Overall, while Central Fund of Israel has significant strengths in efficiency and volunteer commitment, it may need to address governance and perception issues to enhance its reputation further.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Central Fund Of Israel legitimate?
Central Fund Of Israel is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Fund Of Israel submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $95,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.centralfundofisrael.org
What is the mission statement of Central Fund Of Israel?
Central Fund Of Israel, founded in 1979, is a volunteer charity dedicated to promoting charitable activities in Israel. With the motto "what you give is what you get," this organization ensures that all donations reach the intended charities in Israel. Over the decades, Central Fund Of Israel has received recognition for its volunteerism, including the Jerusalem Prize and accolades from notable figures. The charity supports over 400 charities and institutions annually, contributing significantly to the nation's welfare. It operates without solicitation or advertisement, relying solely on word of mouth to grow and make an impact.
Official website here: www.centralfundofisrael.org
Who is the CEO of Central Fund Of Israel?
Jay Marcus is the President of Central Fund Of Israel.
Official website here: www.centralfundofisrael.org
What is the revenue of Central Fund Of Israel?
Central Fund Of Israel's revenue in 2022 was $55,454,981.
Official website here: www.centralfundofisrael.org
Who are the executives of Central Fund Of Israel and what are their salaries?
There 8 volunteers at Central Fund Of Israel.
Here are 7 key members and their salaries:
- Compensation: $95,000
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.centralfundofisrael.org
Where can I find the form 990 for Central Fund Of Israel?
Central Fund Of Israel's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.centralfundofisrael.org
Learn more at the official website: www.centralfundofisrael.org
Mission Statement of Central Fund Of Israel
Central Fund of Israel, a charitable organization founded in 1979, is dedicated to promoting philanthropic activities within Israel. With the motto "what you give is what you get," this volunteer-driven organization was established by Arthur and Hadassah Marcus to ensure that one hundred percent of donations directly benefit charities in Israel.
Over the decades, Central Fund of Israel has made a significant impact on the nation. They have received numerous accolades, including the Jerusalem Prize for volunteerism, recognition from the Chief Rabbinate, and an award from Prime Minister Menachem Begin. Hundreds of charities in Israel have expressed their gratitude for the organization's support. Central Fund of Israel has grown into a substantial charitable force through word of mouth alone.
Each year, the organization extends its assistance to over 400 charities and institutions in Israel. By doing so, they contribute to the overall well-being and prosperity of the nation. Central Fund of Israel's unwavering commitment to its mission has been recognized and celebrated by various entities, making it an essential part of the charitable landscape in Israel.
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Impact
October, 2024
Central Fund Of Israel plays a vital role in promoting charitable activities that directly benefit the citizens and communities across Israel. By supporting over 400 charities and institutions annually, it helps enhance the welfare of the nation, particularly in times of increasing Anti-Semitism and societal threats. The organization focuses on community projects that not only provide immediate support but also raise public awareness about the dangers of Anti-Semitism and the growing global hostility towards Israel.
In a contemporary context marked by rising anti-Jewish sentiment and historical echoes of past atrocities, Central Fund Of Israel engages in initiatives designed to combat these challenges. Through grants that support community facilities and educational campaigns, it aims to empower citizens and organizations committed to fighting discrimination and promoting solidarity. This includes leveraging legal avenues and social media to counteract negative narratives and misinformation.
Furthermore, Central Fund Of Israel emphasizes the importance of community resilience and unity, drawing on historical lessons to inform its mission. By enabling direct support to charities in Israel without intermediary costs, it ensures that donations are maximized for those in need, thereby fostering a culture of giving that is responsive to the urgent challenges faced by the Jewish community today. In doing so, it not only strengthens Israel but also contributes to a broader fight against intolerance and hatred on an international scale.
This information is meant to be a general summary of Central Fund Of Israel. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $233,813
- Gross Receipts: $55,977,578
Assets and Liabilities:
- Total Assets: $25,861,859
- Total Liabilities: $0
- Net Assets: $25,861,859
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Organization Details
Founding Year
1979
Phone
(646) 289-8105Principal Officer
Jay Marcus
Main Address
461 Central Ave, Cedarhurst, NY, 11516
Website
www.centralfundofisrael.orgNTEE Category
Code: Q123 - International
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