The Forward’s investigation has uncovered a tax-exempt Jewish communal apparatus that operates on the scale of a Fortune 500 company and focuses the largest share of its donor dollars on Israel. This analysis doesn’t include synagogues and other groups that avoid revealing their financial information by claiming a religious exemption. But even without this substantial sector, the Jewish community’s federations, schools, health care and social service organizations, Israel aid groups, cultural and communal organizations, and advocacy groups report net assets of $26 billion. Israel: Contributions to the functional agencies of the Jewish charitable network, broken down by category. Israel-related groups get the most. Israel: Contributions to the functional agencies of the Jewish charitable network, broken down by category. Israel-related groups get the most. That’s more than the Las Vegas Sands Corp., which owns casinos all over the world. It’s about the same as the CBS Corp. which owns 29 TV stations, 126 radio stations, the CBS Television Network and Simon & Schuster. The Jewish communal network of tax-exempt groups employs as many people as the Ford Motor Co. And its $12 billion to $14 billion in annual revenue is more than the federal government’s 2014 appropriation to the U.S. Department of the Interior, which manages a fifth of all the land in the United States, runs the Bureau of Indian Affairs and the national parks, and administers Guam, American Samoa and the U.S. Virgin Islands. “What exists out there is a lot of guessing,” said Eric Fleisch, a postdoctoral fellow at Brandeis University who recently completed a thesis on American Jewish giving to Israel. “Not very much has been written about this at all.” Read more: forward/articles/194978/-billion-bucks-the-jewish-charity-industry-unco/?p=all#ixzz2zU9ud0pT
Posted on: Mon, 21 Apr 2014 02:50:51 +0000
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