Funding Sources
The Jewish Agency is supported by the Government of Israel; founding constituent partners: Keren Hayesod, Jewish Federations of North America, and Jewish federations throughout the world; Primary funders: Keren Hayesod, United Jewish Communities and major Jewish federations in North America, the International Fellowship of Christians and Jews. The Jewish Agency is also supported by donor contributions from throughout the world including Israel, where a growing number of philanthropists have joined through the Spirit of Israel Campaign to support the organizations projects and sit on the Board of Governors.
Due to the volatile U.S. dollar, the global economic crisis and the Madoff scandal, the Jewish Agency for Israel has been forced to make significant cuts to its budget. The Board of Governors voted to cut $45 million in November 2008 and an additional $26 million at the February 2009 meeting.
Read more about this topic: Jewish Agency For Israel
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