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2008/09 Performance Report Jewish Agency for Israel Partnering with you to secure the Jewish future

2008 Jewish Agency Annual Report

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2008/09 Performance ReportJewish Agency for Israel

Partneringwith you to secure the Jewish future

partnering with purpose

connecting collaborating

leading

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.

partnering in times of crisis In Israel and across the globe, in times of crisis and peril,

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

VIctIms of terror fund

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.

monItorIng JewIsh communItIes At rIsk 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.

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.

partnering in times of crisis

You provided immediate aid to Israelis victimized by continuing violence. No red tape, no waiting. Immediate help for immediate needs.

standing by the side of Israelis under siege and rescuing Jews around the world when lives are at risk.

crIsIs counselIng

Our 10 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.

remote leArnIng for kIds

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 for both absorption center residents and staff for additional support.

renoVAtIng bomb shelters

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.

Your support is making a difference for victims of terror.

Learn more at www.jewishagency.org/crises

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

Last year you brought this family from Yemen home to Israel.

4 Jewish Agency 2008/09 Performance Report

The results? A 26% increase in their knowledge and command of Hebrew, reading and writing.

Read the evaluation at www.jewishagency.org/yesodot

A strong Israel will reflect the collective best efforts of the Jewish people. You are indispensable to that effort.

partnering to strengthen Israel and empower change

Last year you gave 200 Ethiopian-Israeli preschoolers a critical head start not just in school, but in life.

6 Jewish Agency 2008/09 Performance Report

Learn more at www.jewishagency.org/youngcommunities

Of those not born Jewish, 85% opted to continue with conversion studies.

2,477 young immigrant soldiers discovered the richness of their Judaism because of you.

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.

Empowering change for thousands of at-risk youth in the Negev and Galilee

partnering to strengthen Israel and empower change

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.

PAVIng the wAY for success

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.

lIVIng the AlIYAh dreAm

15,441 new immigrants came to Israel 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.

exPlorIng AlIYAh oPtIons

172 parents of lone immigrant soldiers from the FSU had an incredible one-week reunion with their children in Israel through our KESHET program.

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.

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.

“ 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

You supported 31 young communities transforming Israel’s social and geographic periphery.

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

1,000 youth at high risk, living full or part 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.

Last year we transformed the lives of more than 22,000 youth at risk through our innovative programs.

13,000-plus disadvantaged students 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.

1,200 teens are participating in nET@, 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.

454 college students are getting on a 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

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

AdVAncIng equAl oPPortunItIes

15,000 youth explored new ideas in a short-term educational or social program at nITzAnA, our educational community in the negev.

10 Jewish Agency 2008/09 Performance Report

Learn more at www.jewishagency.org/masa

72% will volunteer in Jewish organizations, compared to 25% of non-participants —the foundation for tomorrow’s Jewish communities.

Last year you helped 8,200 young adults from 48 countries participate in a long-term Israel experience. Future impact?

partnering to connect and engage new generationsYou are leading the way in building Jewish identity, using the

power of Israel to infuse tomorrow’s leaders with enduring commitment.

Read study highlights at www.jewishagency.org/masa

12 Jewish Agency 2008/09 Performance Report

Last year you gave 5,000 youth in the FSU an identity-building, life-defining camp experience.

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

88% want to come back again next year. The impact on their community? Immeasurable.

More than 100,000 youth were connected to Israel 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

40,000-plus young Jews were transformed by participating in either a short- or long-term Israel experience, including hundreds of Eastern European youth.

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.

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.

47 young north Americans volunteered through the year-long Jewish Agency and UJC/Federation Otzma program.

no organization is putting Israel into the lives of more young people worldwide.

Learn more at www.jewishagency.org/education

partnering to connect and engage new generations

Some 10,000 youth in 44 Jewish day schools and 2,000 in 90 Sunday schools in the FSU benefited from the power of our Jewish education.

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.

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.

brIngIng IsrAel Into JewIsh communItIes Around the world

3,000-plus worldwide Jewish educators 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.

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.

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.

11,000 youth and 2,000 teachers in buenos Aires and its surroundings are being enriched through our Jewish identity programming.

14 Jewish Agency 2008/09 Performance Report

partnering to build living bridges into the Jewish futureNo matter where we live, we all share equally in securing the Jewish future.

You are transforming “one people” into a dynamic reality.

In a volunteer effort connecting 550 global communities in 45 partnerships with Israel, you’ve set a new paradigm for partnering with mutual impact.

Last year you connected 11,000 young people from your partnered communities to one another.

Learn more at www.jewishagency.org/partnerships

16 Jewish Agency 2008/09 Performance Report

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.

You are reimagining the why, what and way of Israel in the Jewish life of your community.

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, half of whom were youth and young adults, participated in our Partnership Living bridge projects to build people-to-people connections.

70,000-plus Israelis participated in educational, 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.

forgIng PeoPlehood connectIng for mutuAl ImPAct

partnering to build living bridges into the Jewish future

Visit us atwww.jewishagency.org/partnerships

Learn more about how you can connect with the global Jewish partnership.

Learn more at www.jewishagency.org/makom

mobIlIzIng Volunteers

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 14 communities worked to 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.

18 Jewish Agency 2008/09 Performance Report

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.

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.

Dear friends, In these turbulent times, we are all challenged in ways

defining global

Israel40%

18%

42%

Australia CanadaEuropeLatin AmericaSouth Africa

United States

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.

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.

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

a message from our leadership implications of the economic crisis in 2009

Richard L. PearlstoneChair, Board of Governors

Administrative Cuts

$13.2 million in administrative budget cuts in 2009, $18.9 cut since 2006

Employee reduction

11% reduction in personnel; 20% since 2006

Shoel Silver Chair, Budget/Finance Committee

hagai MeiromTreasurer

Moshe VigdorDirector General

20 Jewish Agency 2008/09 Performance Report

Jewish Agency 2008 financial highlights

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.

Management Discussion & Analysis

1999-2008 Working Capital Surplus / DeficitVolatility of the Shekel-Dollar Exchange rate

22 Jewish Agency 2008/09 Performance Report

Date of approval of financial statements: June 1, 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.

Trends for 2009

Shoel SilverChair, Budget/Finance Committee

Yaron neudorferChief Financial Officer

Hagai MeiromTreasurer

Consolidated balance Sheets as of December 31,

Consolidated balance Sheets as of December 31,

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.

Please refer to the companion document “2008 Financial Report” to review accompanying notes that are an integral part of these financials.

2008 financial highlights

2008 2007 Thousands U.S. $ Thousands U.S. $

assets Current assets Cash and cash equivalents 85,930 128,234 Accounts receivable 84,109 88,023 Current maturities of investments and other assets - 4,723

Total current assets 170,039 220,980 Investments and other assets 63,620 31,453

Fixed assets 147,987 142,380

total assets 381,646 394,813

2008 2007 Thousands US $ Thousands US $

liabilities, net of deficit in net assets Current liabilities Short-term credit from banks 449 270 Accounts payable 102,178 121,530 Liability for employee rights upon retirement, net 5,000 25,000 Current maturities of long-term bank loans and deposits payable 13,107 16,009

Total current liabilities 120,734 162,809

Long-term liabilities Bank loans and deposits payable 53,514 62,282 Liability for employee rights upon retirement, net 238,795 174,233 Other liabilities 15,415 16,880 Total long-term liabilities 307,724 253,395 Minority interest 256 261 Deficit in unrestricted net assets (213,185) (200,985) Temporarily restricted for projects 166,117 179,333

Total deficit in net assets (47,068) (21,652)

total liabilities, net of deficit in net assets 381,646 394,813

24 Jewish Agency 2008/09 Performance Report

Consolidated Statements of Operations for the Year Ended December 31,

Statements of Changes in Deficit in Net Assets

Please refer to the companion document “2008 Financial Report” to review accompanying notes that are an integral part of these financials.

2008 financial highlights

2008 2007 Thousands U.S. $ Thousands U.S. $

revenues: Unrestricted donations and contributions: United Israel Appeal, Inc. 122,915 135,439 Keren hayesod – United Israel Appeal 47,129 45,539 International Fellowship 9,000 3,451 Direct donations & Spirit of Israel 662 1,303 Net assets released from restrictions: United Israel Appeal, Inc. 134,082 126,077 U.S. Government grant 37,508 39,827 Keren hayesod – United Israel Appeal 54,394 43,091 Direct donations & Spirit of Israel 38,003 26,100 International Fellowship 20,515 38,720 Other income 177,410 140,224 Total revenues 641,618 599,771 Cost of activities and other expenses: Immigration and absorption department 120,965 114,472 Education department 106,599 93,886 Israel department 102,517 88,622 Amigour social housing 24,061 23,357 Allocations and social programs 130,974 127,834 JAFI-wide projects and organizational activities 128,945 101,492 Support functions 34,238 32,365 Allocation to World Zionist Organization 7,300 7,800 Global management 4,330 4,256 659,929 594,084 Income (deficit) from ordinary operations (18,311) 5,687 Financial expenses, net (10,304) (5,315) Income (deficit) from activities (28,615) 372 Other income (expenses): Income from asset realization, net: Sale of Amigour apartments 44,322 43,670 Sale of other JAFI-owned assets 1,069 3,257 Increase in pension liability, net (65,950) (27,860)Income from Kibbutz sector agreement 30,800 - Other income, net 10,241 19,067 Net (deficit) income for the year (18,374) 19,439

Unrestricted in use Temporarily restricted

For operations Board designation For projects For allocations Total

Thousands U.S. $ Thousands U.S. $ Thousands U.S. $ Thousands U.S. $ Thousands U.S. $

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. - - 93,122 46,440 139,562 U.S. Government grant - - 39,827 - 39,827 Keren hayesod – United Israel Appeal - - 10,994 31,042 42,036 International Fellowship - - 4,338 34,888 39,226 Direct donations & Spirit of Israel - - 14,227 11,900 26,127 Total received - - 162,508 124,270 286,778 Released from restriction - - (149,454) (124,361) (273,815)Net income for the year 19,439 - - - 19,439 Release of restricted assets depreciation expenses 3,055 - (3,055) - -

Net change during 2007 22,494 - 9,999 (91) 32,402 Balance at December 31, 2007 (200,985) - 179,333 - (21,652)

changes during 2008: Temporarily restricted donations and contributions received: United Israel Appeal, Inc. - - 59,944 65,852 125,796 U.S. Government grant - - 37,508 - 37,508 Keren hayesod – United Israel Appeal - - 21,639 32,785 54,424 International Fellowship - - 2,034 17,767 19,801 Direct donations & Spirit of Israel - - 28,619 11,312 39,931 Total received - - 149,744 127,716 277,460 Released from restriction - - (156,786) (127,716) (284,502)Net deficit for the year (18,374) - - - (18,374)Board designation (30,800) 30,800 - - - Release of fixed assets and restricted assets depreciation expenses 6,174 - (6,174) - -

Net change during 2008 (43,000) 30,800 (13,216) - (25,416) Balance at December 31, 2008 (243,985) 30,800 166,117 - (47,068)

26 Jewish Agency 2008/09 Performance Report

the Jewish Agency for Israel and youPartnering with purpose, all over the world.

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.

With deepest gratitude, we recognize our valued partners in purpose. You make our history-making work possible.

28 Jewish Agency 2008/09 Performance Report

Madison Jewish Community Council

Memphis Jewish Federation

Merrimack Valley Jewish Federation

Mid-Kansas Jewish Federation

Milwaukee Jewish FederationMinneapolis 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 ToledoUJA Federation of Greater TorontoUJA Federation of Greenwich, ConnecticutUJA Federation of Northern New JerseyUJA Jewish Federation of HamiltonUJA/Federation of Eastern Fairfield CountyUJA-Federation of New YorkUJA Federation of Westport-Weston-Wilton-NorwalkUnited Jewish Communities of MetroWest

New JerseyUnited Jewish Community of Monterey PeninsulaUnited Jewish Community/Jewish Federation

of Las Vegas

United Jewish Community of the Virginia PeninsulaUnited Jewish Federation of Greater HarrisburgUnited Jewish Federation of Greater Stamford,

New Canaan and DarienUnited Jewish Federation of Northeastern New YorkUnited Jewish Federation of PittsburghUnited Jewish Federation of Princeton Mercer BucksUnited Jewish Federation of San Diego CountyUnited Jewish Federation of TidewaterUnited Jewish Federation of UtahUnited Jewish Fund and Council of Greater St. PaulWindsor Jewish FederationYoungstown Area Jewish Federation

United Jewish Communities (UJC)

Allied Jewish Federation of ColoradoAugusta Jewish FederationCalgary Jewish Community CouncilCanton Jewish Community FederationCentral Kentucky Jewish FederationChampaign-Urbana Jewish FederationCharleston Jewish FederationColumbia Jewish FederationColumbus Jewish FederationCombined Jewish Philanthropies of

Greater BostonDurham-Chapel Hill Jewish FederationFall River UJA IncFederation CJAFlint Jewish FederationFort Wayne Jewish FederationGreater Miami Jewish FederationGreensboro Jewish FederationJacksonville Jewish FederationJewish Communities of Western CT, Inc.Jewish Community Alliance of Southern MaineJewish Community Association of AustinJewish Community Board of AkronJewish Community Federation of ClevelandJewish Community Federation of Greater

ChattanoogaJewish Community Federation of Greater

RochesterJewish Community Federation of LouisvilleJewish Community Federation of RichmondJewish 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 CountyJewish 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 DetroitJewish Federation of Nashville and

Middle TennesseeJewish Federation of New HampshireJewish Federation of New MexicoJewish Federation of North ShoreJewish Federation of Northwest IndianaJewish Federation of Ocean CountyJewish Federation of OmahaJewish Federation of Orange CountyJewish Federation of OttawaJewish Federation of Palm Beach CountyJewish Federation of Palm Springs and Desert AreaJewish Federation of PeoriaJewish Federation of Reading, PA Inc.Jewish Federation of Rhode IslandJewish Federation of Rockland CountyJewish Federation of San AntonioJewish Federation of Silicon ValleyJewish Federation of Sioux CityJewish Federation of Somerset, Hunterdon

& Warren CountiesJewish Federation of South Palm Beach CountyJewish Federation of Southern ArizonaJewish Federation of Southern Illinois,Jewish Federation of Southern New JerseyJewish Federation of St. Joseph ValleyJewish Federation of St. LouisJewish Federation of the Berkshires, Inc.Jewish Federation of the Lehigh ValleyJewish Federation of the Quad CitiesJewish Federation of the Sacramento RegionJewish Federation of TulsaJewish Federation of Ventura CountyJewish Federation of Volusia & Flagler CountiesJewish Federation of Western MassachusettsJewish Federation of Winnipeg-Combined

Jewish AppealJewish United Fund/Jewish Federation

of Metropolitan ChicagoKnoxville Jewish Alliance, Inc.London Jewish Federation

Keren-Hayesod / United Israel Appeal

English-SpeakingCountry Campaigns

United Israel Appeal AustraliaUIA Federations CanadaUnited Jewish Israel Appeal Great BritainIsrael United Appeal-UCF South AfricaUnited Israel Appeal New Zealand United Israel Appeal Hong Kong and the Far East Keren Hayesod Singapore

European Region Campaigns

Keren Hajessod – Vereinigte Aktion Fuer Israel, AustriaKeren Hayesod – Verenigde Israel Actie, AntwerpenSolidarité avec Israël et le Peuple Juif – Keren

Hayesod, BrusselsAppel Unifié Juif de FranceKeren Hayesod – Vereinigte Israel Aktion e. V., GermanyKeren Hayesod – Appello Unificato per Israele, Milano

Keren Hayesod – Appello Unificato per Israele, RomaKeren Hajessod Schweiz – Vereinigte Israel Aktion,

ZurichKeren Hayessod Action Israël – Suisse Romande,

GenèveCollectieve Israel Actie, Holland Christenen Voor Israel, The Netherlands Keren Hayesod España Keren Hayesod, PortugalFörenade Israelinsamlingen SwedenKeren Hayesod – Dan Danske Israelindsamling,

DenmarkFörenade Israelinsamlingen FinlandPatmos Foundation, FinlandHjelp Jews Home, NorwayFellesinnsamlingen for Israel, NorwayKeren Hayesod, Faroe Islands

Eastern Region Campaigns

Keren Hayesod Athens Keren Hayesod ThessalonikiKeren Hayesod UkraineKeren Hayesod Latvia and Lithuania Keren Hayesod CIS

Latin American Region Campaigns

Keren Hayesod BoliviaKeren Hayesod Chile Keren Hayesod Costa RicaKeren Hayesod ColombiaKeren Hayesod EcuadorKeren Hayesod PanamáKeren Hayesod GuatemalaKeren Hayesod MéxicoKeren Hayesod ParaguayKeren Hayesod PerúFundo Comunitário Porto AlegreFundo Comunitário Rio de JaneiroFundo Comunitário São Paulo Fundo Comunitário CuritibaKeren Hayesod Republica DominicanaKeren Hayesod UruguayC.U.E. VenezuelaC.U.J.A. Campaña Unida Judeo Argentina

Your core support powers our global partnership.No one gift touches more lives.

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.

30 Jewish Agency 2008/09 Performance Report

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 WorksElliott and Marlys BadzinBank HapoalimSteve Beilowitz BIG Shopping CentersCaniel Package Ind.Sol CenterThe Chais Family FoundationCheck Point Software Technologies Ltd.The Chester Family FoundationCompedia LTD.Conference on Jewish Material Claims Against GermanyDan Hotels IsraelNochi Dankner, Chairman & CEO, IDB Holding

Corporation Ltd.Max M. & Marjorie S. Fisher Foundation Inc.The Fishman GroupGalei Eilat HotelGarfinkle Family Charitable TrustGenesis Philanthropy GroupThe Abraham Gertzman Fund of the

Jewish Federation of Metropolitan DetroitBarnard J. GottsteinGMT – 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 WolfsonInternational Commission on Holocaust Era

Insurance Claims (ICHEIC)International Fellowship of Christians and Jews and

Rabbi Yechiel EcksteinIranian American Jewish Federation of New YorkJewish Funders Network

John Hagee MinistriesJoseph, z”l & Betty, z”l KopelowitzDov Lautman, Chairman, Lautman FoundationLeumi AcharaiMakhteshim AganThe Levy Markus FoundationMoms for IsraelMontammy Golf Club through

UJA Federation of Northern New JerseyThe Andre and Katherine Merage FoundationThe David & Laura Merage FoundationThe Joseph and Harvey Meyerhoff Family

Charitable FundsNegev Ceramics Yehuda (Yuli) Ofer, Chairman, Ofer Brothers

Properties LTD. Oran FoundationPaamei Tikva Ltd.Perrigo Israel Pharmaceuticals Ltd.Queen Esther FoundationEdmond J. Safra Philanthropic FoundationJodi SchwartzRonald A. SedleyShelters for IsraelShelters for Israel (Second Generation)Larry and Jane Sherman Philanthropic Fund

The Alan B. Silfka FoundationRaya Strauss Ben Dror The Avi Chai FoundationThe Morningstar FoundationThe Robert Russell Memorial FoundationStephen S. Wise TempleUJC Endowment FundYouth Aliyah GermanyYouth Aliyah SwitzerlandMordechai (Motti) Zisser, Chairman, Elbit Medical Imaging LTD.Leonore and Larry Zusman, through the Columbus

Jewish Federation

Designated givingIn addition to the core support provided by our valued partners at UJC/Federations and Keren- Hayesod, our profound thanks to our many friends and supporters worldwide who generously provide support through designated grants to our programs and emergency campaigns.

Anchorage, Alaska Barnard J. Gottsteinbaltimore, Maryland The Joseph & Harvey Meyerhoff Family Charitable Funds The Harry & Jeanette Weinberg Foundationbergen County, new Jersey The Joseph Appleman Family Norman Seidenboca raton, Florida Rose and Solomon Turetsky William SheldonCharlotte, north Carolina John BelkChicago, Illinois The Estate of Mollie GoodmanCollier County, Florida Lorie MayerDenver, Colorado The David and Laura Merage FoundationEast bay, California Larry EllisonHollywood, Florida The Eleanor M. and Herbert D. Katz Family FoundationHouston, Texas Jewish Federation of Greater HoustonLos 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 TrustsMiami, Florida Joseph, z”l & Betty, z”l Kopelowitz Henry, z”l & Eve Rose The Russell Foundationnew Orleans, Louisiana The Woldenberg Foundationnew 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 WinikOmaha, nebraska The M.H. Newman FoundationPalm beach County, Florida Sidney, z”l & Mildred Edelstein The Eugene & Estelle Ferkauf Foundation Sylvia Fried Daniel M. & Bente S. LyonsPalm Springs, California Helene Berman Jewish Federation of Palm Springs and Desert AreaPuerto rico David Efronrochester, new York The Futerman Supporting Foundation, Inc. Jewish Community Federation of Greater RochesterSarasota-Manatee, Florida Alfred R. Goldstein Lucien Levy The Sheldon FoundationTulsa, Oklahoma The Shusterman Family FoundationWaco, Texas The Bernard & Audre Rapoport FoundationWashington DC Hershel W. & Goldene BlumbergWaukegan, Illinois Mark LidschinWormleysburg, Pennsylvania Grass Family Foundation

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.

Your support powers our global partnership.

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 AaronJoan BenstockHerschel BlumbergThe Crown-Goodman Family Betsy GidwitzAlex GrassArlene KaufmanH. Irwin LevyNorman LipoffNeil Moss

Julie Wise OreckRichard Pearlstone Myra ReinhardJay SarverRonald A. SedleyMike ShapiroJane ShermanAlan ShulmanCarole SolomonRichard Wexler

Jewish Agency Endowment

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.

32 Jewish Agency 2008/09 Performance Report

Spirit of Israel / People of Israel

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.

United Israel Appeal (UIA)

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:

Bank HapoalimBen & Evelyn Lipshitz Charity TrustBDO Ziv Haft Carasso GroupCellebriteCheck PointCompediaComsecureEithan & Ala FirstExLibrisFormula Systems Fritz Companies Israel T.LtdGravityHyperMedia Systems Ltd.Ishaia &Jane Gol

KeshetJoel KoschitzkyMatrixMcDonald’s Israel Microsoft R&DMoshe & Esther BronshteinOran FoundationPaamei Tikva Ltd. PelephoneShalmor Avnon Amichai /Y&RShibolet & Co.SurecompTevaZ.M.H. Hammerman Group

Reuven AdlerMark S. AnshanMeir AzariYossi BacharGavri Bar-GilNir BarkatOved BenozairHarvey BlitzKenneth BobDavid BreakstoneMeir CohenNochi DanknerStanley DavidsAvraham DuvdevaniPaula EdelsteinJerome EpsteinNancy FalchukMiriam FeirbergSami FriedrichAdy GaiNechemia GanotHelena GlaserGael GrunewaldEitan HaberTzvi HassonRichard HirschShlomo KostinerAvi KrampaVernon Kurtz

Ofer LaufmanDov LautmanMenachem LeibovicJoel MeyersAvi NaorEhud NaorYaakov Ne’emanArik NudelmanAvi PaznerAmir PeledLiat RavnerLeon RecanatiUri RegevUriel ReichmanSteve SavitskyZeev ShorAlan SilbermanMoshe SmithSondra SokalEfi StenzlerOfra StraussKalman SultanikMoshe TheumimRani TraininYehiel WassermanEitan WertheimerEric YoffieBen-Zion Zilberfarb

bOArD OF gOVErnOrS

Richard L. Pearlstone, Chairman of the Jewish Agency Board of GovernorsZeev Bielski, Chairman of the Executive of the Jewish Agency (through February 2009)Hagai Meirom, Treasurer of the Jewish Agency

World zionist Organization

Bruce ArbitRichard BernsteinStephen BreslauerAlisa DoctoroffGary ErlbaumIris FeinbergDede FeinbergCheryl FishbeinMichael GelmanBetsy GidwitzHerb GimelstobAndrew GrovemanMichael HorowitzSharon Janks

Larry JosephArlene KaufmanJoe KanferLeonard Beth KiefferLori KlinghofferMurray LaulichtMark LevyNeil MossRobert NaboicheckKaren PackChuck RatnerMyra ReinhardLester Rosenberg Jay Sarver

Stephen SeligJohn ShapiroJane ShermanBruce SholkRichard WexlerToni YoungFred Zimmerman

Honorary Members:Charles GoodmanAlex GrassCarole Solomon

United Jewish Communities/UIA

Ronni BenatoffSimy BentataPierre BesnainouSami BollagLaurence BorotMick DavisNelly De BobrowYechiel Eckstein

Anita FischerMarc GoldAdnan KandyotiMendel KaplanRobert KaplanBrian KernerJoe LebovicMark Leibler

Danny LiwerantLeonid NevzlinMenno PaktorStanley PlotnickSruel PrajsShoel SilverJack SmorgonHarvey Wolfe

Keren Hayesod- United Israel Appeal

board of governorsCarole 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

ExecutiveSallai 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

Past Chairmen

SEnIOr MAnAgEMEnTMoshe 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

global Leadership

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

non-Jewish SupportThe 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.

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.

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

IndexPartnering in times of crisis 2

Partnering to strengthen Israel and empower change 6

Partnering to connect and inspire the next generation 12

Partnering to build living bridges in the Jewish future 16

Global partnership table 20

Message from leadership 20

Financial highlights 22

Donor recognition 28

Global leadership 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 supported by founding constituent partners: Keren hayesod, United Jewish Communities and Jewish federations around the world; and primary funders: Keren hayesod, United Jewish Communities and major Jewish Federations in North America, International Fellowship of Christians and Jews.

Find out more about how you can make an impact: v 212 339.6048 e [email protected] www.jewishagency.org