Israeli Philanthropy Turns a Page

For decades, the donor-advised fund, known by the acronym DAF, has become an increasingly popular and powerful force way for Americans to donate money. This philanthropic tool has played a critical role in sustaining American Jewish life, and most Federations or associated Jewish communal foundations sponsor a DAF program.

Now, for the first time ever, this giving vehicle is available to Israelis and to foundations making grants in Israel — and I expect it bring more money, and more donors, into Israel’s vital nonprofit sector. In Hebrew, the word “daf” means page, so as Jewish Funders Network and our partners introduce DAFs to Israel, I like to think that we are helping the country turn the page and open a new chapter in philanthropy. 

Read the full article in the Times of Israel.