Strengthening the Impact Ecosystem
Building Social Economic Resilience in Israel

A Matching Grant Initiative 

The Edmond de Rothschild Foundation, Israel, in partnership with Jewish Funders Network, has created a $1 million matching grant to strengthen the ecosystem of impact entrepreneurship in Israel and generate greater ongoing philanthropic commitment to the field.

In light of the tragic ripple effect of the global Covid-19 pandemic, the Edmond de Rothschild Foundation has re-committed itself to build and strengthen Israel’s impact ecosystem as a pillar of sustainable social resilience.

The pandemic has offered us an opportunity to reflect on the structures we have in place and to reimagine a future that is more resilient and nimble. The impact entrepreneurship field is poised to advance this thinking and work. As we transition from the crisis phase of the pandemic and into the planning and preparing phase, there is no better time than now to encourage and support this burgeoning field.

Impact entrepreneurship is an intentional approach to addressing unmet social and environmental needs, alongside a financially sustainable business model.

Impact innovation combines a measurable social/environmental return on investment together with a financial return on investment.

The growing impact innovation ecosystem provides capital, products, tools and methods to address the world’s most pressing challenges in sectors such as sustainable agriculture and renewable energy, as well as affordable and accessible basic services, including housing, healthcare, education, etc., all in alignment with the United Nation’s Sustainable Development Goals (SDGs).

Applicants must meet our eligibility requirements to participate in this matching grants program. Please read more about eligibility requirements, and make sure to read section What You Need to Know 

The main goals of the Matching Grant are

To strengthen the ecosystem of impact entrepreneurship in Israel by funding organizations and projects that develop the infrastructure of this field and of organizations working to create new tools and models for social/environmental impact.

In addition, we aim to encourage the creation of new, innovative and sustainable economic models to help alleviate social/environmental problems, while energizing and strengthening organizations and academic institutions working in the field of impact innovation.

For the purpose of this grant, all applications must be submitted and executed through Israeli NGOs with the 46(A) and “Nihul Takin”.
Projects must enhance or expand the “ecosystem” infrastructure – this applies to both for-profit, not-for-profit initiatives as well as collaborations between the two.

Impact innovation for the purpose of this grant is defined according to three criteria: 1) Intentionality – endeavoring to create a distinct social/environmental impact while generating a financial profit. 2) Accurate measurement of the social/environmental impact and 3) Measurement of new financial profit.

Please note that this grant is an impact philanthropic grant, not an investment.

Applicants must meet our eligibility requirements to participate in this matching grant. Read more about eligibility requirements and please make sure to read section What You Need to Know before applying.

The application deadline is December 1, 2020


Upcoming Informational Sessions (via Zoom)

NGO Informational Session:
The meeting will be held in Hebrew

Tuesday | July 28, 2020 | 10:00-12:00pm Israel time
Please RSVP Here >>

Informational Session for Donors and Philanthropic Foundations:
The meeting will be held in English
Monday | July 27, 2020 | 7:00-8pm Israel time | 12-1pm EST

If you are A JFN member, Please RSVP Here >>
If you are not  JFN member, please contact Reut via the Email address below 


For more information
, please contact:
Reut Stoller, Director of Programs, Jewish Funders Network, Israel
Telephone: 972.54.4930970
Email: reut@jfunders.org

Goals of the Matching Grants Program:

  • To strengthen the ecosystem of impact entrepreneurship in Israel.
  • To fund organizations and projects that create and foster entrepreneurship by creating new tools, models, frameworks and programs for meaningful social and environmental change.
  • To encourage the creation of new and innovative economic models to help alleviate social and environmental problems.
  • To promote cross-sectorial collaborations aimed at social/environmental impact.
  • To prompt the field of higher education in Israel to become a key player in the impact ecosystem.  
  • Leverage matching funds to bring both new funders and new funding into the field of impact entrepreneurship.
  • To promote rigorous evaluation (measurement and management) of social and environmental impact among the organizations and projects in the field.

Impact innovation for the purpose of this grants program is defined according to three criteria: 1) Intentionality – endeavoring to create a distinct social/environmental impact while generating a financial profit; 2) Accurate measurement of the social/environmental impact, and 3) Measurement of new financial profit.

The growth of the impact field encourages the flow of new economic capital and aids in the development of products, tools and methods for addressing pressing global challenges through a variety of solutions. These global challenges include sustainable agriculture and renewable energy to accessible basic services at fair prices such as housing, healthcare, education etc., all in alignment with the United Nation’s Sustainable Development Goals (SDGs).

The infrastructure of impact entrepreneurship, or the environment in which this operates, includes (but is not limited to) social impact bond creation, social business investment platforms, pilot funding schemes for entrepreneurs, data base and knowledge base development, impact startup hubs/incubators/ accelerators, academic and research institutions, etc.

One of the main goals of this matching grant program is to foster impact entrepreneurship through collaboration higher education and academic institution. For the purpose this matching grant program, higher education collaborations can include affiliation to an academic institution recognized by Council for Higher Education in Israel; academic research; and programs targeting students, recent graduates, academic staff, alumni organizations and academic committees.

Eligibility Guidelines

The matching grants program will match gifts from eligible donors to organizations and projects that foster the goals of the program. By doing so, it will provide a needed injection of capital into the impact innovation field and develop funding capacity for the long term.

Requests for matching funds must be made through an online application and must meet the following eligibility requirements.

Please note that this initiative is an impact philanthropic grant, not an investment.

Donors

Eligibility

  • Donors making a first-time donation of
    $25,000 (NIS 100,000) or more to the field of impact entrepreneurship.
  • Donors who have already contributed to an impact entrepreneurship organization in Israel and are providing a meaningful increase fromtheir largest previous donation in the field.
  • Minimum-Maximum match: $25,000-$150,000 (NIS 100,000-525,000).
  • Gift must be program-specific unless the mission of the organization is exclusively to establish the infrastructure for impact entrepreneurship.
  • Donor can reside anywhere.
  • Matching funds are available for gifts that have been committed by donors no earlier than July 1, 2020.
    Gifts must be paid by donors and received by the organizations no later than June 1, 2021.
  • Donors must be JFN members or must be willing to become members before the matching grant is awarded.

Desirability

  • Capacity building projects must be specified as such – this may include measurement and evaluation, project related staff development etc. General operating support will not qualify.

Organizations

Eligibility

  • Operating budget size must be at least $250,000 per year.
  • Financially stable.
  • Minimum two-year operating history.
  • Amuta or nonprofit-equivalent status in Israel, with 46A required and Nihul Takin.
  • All applications must align with the Foundation’s mandate of higher education (see details above) and impact criteria of this matching grant program.
  • Multiple applications permitted
  • Match will be capped at $150,000 per project.
  • Applications can be for projects that commenced no earlier than July 1, 2020 and will be completed by December 31, 2021. 
  • In order to receive the matching grant payment, the organizations will have to submit a budget reflecting the actual budget performance of 50% of the project by July 1, 2021 (Budget vs. actual report).
  • Organization that does not meet this criterion will not be eligible to apply for the matching grant program.
  • Organization must be headquartered in Israel but can provide services globally.
  • Grant Type: Program-specific unless the mission of the
    organization is exclusively to establish the
    infrastructure for impact entrepreneurship.
  • Organizations should have proven ability to implement proposed programs.

Desirability

  • Alignment: Degree to which the organization’s mission aligns with the goals set out in this matching grant program.
  • Partnerships: Projects that involve cross sectorial collaborations

Submission of an eligible application does not guarantee receipt of matching funds.
All eligible gifts will be subject to a review process by a committee made up of Foundation representatives and JFN staff.  The determination of the committee shall be final, binding, and conclusive as to all questions and decisions of eligibility and gifts.

Grant Application

Please note that information entered into the online application cannot be saved, but must all be completed at one time.

For your convenience, please find attached PDF version.

What do you need to know before applying?

About the Matching Grant

Please note that this initiative provides an impact philanthropic grant, not an investment.

A $1,000,000 funding pool will be available to match first-time or meaningful increase of previous gifts in this field to organizations and projects that create and foster new tools and models for social/environmental impact.
The minimum grant awarded under the matching grants program is $25,000, and $150,000 is the maximum amount that any one organization may receive from this program.

Qualifying gifts ranging from $25,000 to $150,000 will be considered for a 1:1 match on new gifts and a 1:1 match only of the portion of a repeat gift that represents an increase, with flexibility to fund less than 100% of requested funds.
The maximum match for a single gift is $150,000; individual gifts greater than $150,000 are eligible to receive a maximum of $150,000 in matching funds.

For example – If a current donor who has supported the organization at the $100,000 level now increases by 50%, and is now donating $150,000, the grant will match the $50,000 increase at a rate of 1:1, bringing the total funds received by the organization to $200,000.

NOTE: In order to account for fluctuations in the dollar-shekel exchange rate, the specific amount to be matched will be set by the rate immediately prior to allocation.

For Organizations and Projects

Eligible organizations:  

  • Legal registered Israeli nonprofit organization (with up-to-date “Nihul Takin” certification and 46A) operating an impact entrepreneurship-specific program.
  • Meet the following requirements: Have an operating budget of at least 1 million NIS (approx. $250,000); Employ at least one (1) full-time staff member; Demonstrate financial stability, including no deficits during the past year unless there are considerable reserves;

Yes. Learn more about the desirability criteria by clicking here.

Yes. An organization or project may be eligible to receive multiple matches of gifts from separate individual donors, up to $150,000 (the minimum amount of each individual gift must be $25,000). $150,000 is the maximum amount that any one organization may receive in matching gifts from this program.

Applications may be submitted through the online application form only and are due by December 1, 2020.

Applications can be for projects that commenced no earlier than July 1, 2020 and must be completed by December 31, 2021. If extenuating circumstances prevent you from filling out the application form online, please contact reut@jfunders.org   

Please note that donors matching the gifts must be JFN members or must submit JFN membership forms by December 1, 2020. 

If extenuating circumstances prevent you from filling out the membership form online, please contact sharon@jfunders.org 

The organization will be notified of matching grants awards on January 1, 2021. 

For Donors Who Would Like Their Gifts Matched

JFN encourages donors to work with their selected organizations and projects to provide the specific application information requested.

You are eligible to apply to be a Matching Grant donor if you meet ANY of the criteria* below: 

You are seeking to match your first philanthropic gift to the field of impact entrepreneurship in Israel AND this is a gift of $25,000 or NIS 100,000 or more;

OR

You have made a recent gift (since 2018) to the applying NGO, and you are currently meaningfully increasing your largest previous gift, AND your new gift is $25,000 or NIS 100,000 or more.

AND

You are a member of Jewish Funders Network or agree to become a JFN member.

*Note: In order to be approved as a donor for the matching grant JFN staff will reach out to schedule a conversation with the donor to confirm eligibility for this program and provide information about JFN membership and services offered. All conversations between JFN to the additional donor need to be complete by December 31, 2020.

For more information and If extenuating circumstances prevent you from filling out the membership form online, please contact Sharon Dwek, JFN Israel’s Membership Director at sharon@jfunders.org

Matching funds are available for gifts that have been committed by donors no earlier than July 1, 2020. Gifts must be paid by donors and received by the organizations no later than June 1, 2021

Eligible gifts must be cash (checks or wire transfers). Illiquid stocks, annuities, Israel Bonds, or other slowly maturing instruments are not allowed.

NOTE: We cannot match gifts that are made in the form of tangible goods such as land, computer equipment or any other items given in place of cash.

Having a grant matched is a benefit of membership in the Jewish Funders Network. Matching Grant donors must agree to become members of the Jewish Funders Network if the grant application is approved. 

Please read here more information about JFN benefits and resources.

Please note that JFN membership does not guarantee the receipt of matching funds.

If you are eligible to be a matching grants program donor, please complete the JFN membership form by December 1, 2020. You will need to provide specific information about your funding history. JFN encourages donors and organizations to work together to prepare this information.  

*Note: In order to be approved as a donor for the matching grant JFN staff will reach out to schedule a conversation with the donor to confirm eligibility for this program and provide information about JFN membership and services offered. All conversations between JFN to the additional donor need to be complete by December 31, 2020. 

For more information and If extenuating circumstances prevent you from filling out the membership form online, please contact Sharon Dwek, JFN Israel’s Membership Director at sharon@jfunders.org

Yes, gifts from donors outside Israel are eligible to participate in the matching grant.

Yes, multiple applications will be considered (but not necessarily funded). 

Yes. Gifts to organizations must be earmarked for projects that fulfil the goals of the matching grants program unless the mission of the organization is exclusively to establish the infrastructure for impact entrepreneurship.

As indicated above, the matching fund pool for this initiative is capped at $1,000,000. JFN thus anticipates that there will be some donors whose gifts will not be awarded matching funds. While JFN certainly hopes that you will make the proposed gift even if matching funds are not awarded, JFN understands that some donors might choose not to pay their gifts in the absence of the matching funds award. If payment of your pledge is contingent on the award of matching funds, please do not submit payment before receiving notification of the review committee’s decision.

No. The donor must provide the total amount of the gift no earlier than July 1, 2020 and it must be paid in full no later than June 1, 2021. Instructions for how to submit proof of payment will be included in the grant notice.

Terms and Conditions of the Grant for Organizations Awarded the Matching Gran

All required documents must be submitted by December 1, 2020

Organizations that do not submit all of the required documents in Hebrew by December 1, 2020 will not be eligible to receive a matching grant.

  • In order to receive the matching grant payment, the organizations will have to submit a budget reflecting the actual budget performance of 50% of the project by July 1, 2021 (Budget vs. actual report).
    Organization that do not meet this criterion will not be eligible to apply for the matching grant program.
  • The matching grant will be allocated through one of two payout options: September 1, 2021 or December 1, 2021.

    Funding will be allocated to each organization after it submits a budget reflecting actual budget performance of 50% of the project (Budget vs. actual report) and utilizing 100% of the donor gift by that payout date.
    Organization that do not meet this criterion will not be eligible to apply for the matching grant program.

  • Matching funds will be released only once payment verification is submitted to JFN demonstrating that the gift from the donor was paid and that the donor has paid membership dues to JFN.  In order to verify payment, we will require a wire transfer receipt for the payment made by the donor to the granted organization’s bank account, as well as confirmation from the organization or project.
  • Organizations must agree to participate in workshops that provide tools for evaluation and measurement of impact.
  • Organizations must submit an annual evaluation report of the impact of the project for a three-year period following the receipt of the payout of the Matching Grant.
  1. A review committee made up of Foundation representatives and JFN staff will review all eligible applications and make grant decisions.
  2. Any application deemed ineligible will be eliminated, and the applicants notified.
  3. JFN staff will be in touch with the donors named in each application to verify their gifts.
  4. Applicants will be notified of the grant decisions by email, including grant payment instructions for funded applicants. It is the NGO’s responsibility to notify their funders on the status of their application.
  5. The determination of the committee shall be final, binding, and conclusive as to all questions and decisions of eligibility and gifts.
  6. Submission of an eligible application does not guarantee matching funds. The terms and conditions and availability of the matching funds are subject to change and/or termination at any time

Impact Matching Grant 2019
Building Israel’s Impact Ecosystem

39

NGOs applied for a total of $6M

11

Organizations selected with 20 new funders (at $2M)

3

Ideation, incubation
and acceleration programs

68

Ideas, ventures and products

3

Tools researched and developed

3

Existing models
scaled

2

Pilot funds

2

Asset classes researched / New data base

About us

The Edmond de Rothschild Foundation (Israel) (the “Foundation”) works to create an inclusive and collaborative Israeli society, by promoting excellence, diversity and leadership through higher education.

We continue a legacy of philanthropic innovation, investing in change agents and promoting a pioneering spirit.

The Foundation, which operates within the framework of the international network of the Edmond de Rothschild Foundations worldwide, initiates dozens of innovative projects throughout Israel, aimed at reducing social gaps and fostering young leadership.

The Foundation seeks to strengthen higher education in as many communities as possible, to promote innovative academic research, to engage artists in social involvement, to invest in groundbreaking economic and social models, and to nurture young and committed leadership, affect the lives of tens of thousands of people and shape the future generation of Israel’s pioneers and entrepreneurs.

 

The Foundation’s areas of interest and expertise are:

  1. Access to and success in higher education
  2. Academic excellence and research
  3. Leadership
  4. Impact entrepreneurship
  5. The arts

 

With a firm belief in the power of individuals to bring about change, and out of a commitment and a sense of responsibility for the pioneering spirit of the State of Israel, the Edmond de Rothschild Foundation is dedicated to empowering, connecting, promoting, and nurturing the various groups that make up Israeli society.

The mosaic of identities that constitute Israeli society is an invaluable opportunity to develop a rich and vibrant fabric of life, which can engender – through diversity and partnership – a healthy and progressive society in which shared good is enhanced. We are convinced that the consolidation and growth of human values, along with deepening knowledge and striving for excellence, will lead to the establishment of an inclusive and prosperous Israeli society.

Jewish Funders Network (JFN)

Founded in 1991, Jewish Funders Network is an international community of private foundations and philanthropists with over 2,500 private funders, foundation and trustees from 11 countries around the world whose mission is to promote meaningful giving and take an active part in the processes that change the thinking and action patterns of philanthropy in the Jewish world and in Israel.

JFN-IL, founded in 2008, by Israeli donors and fund holders, who constitute a quarter of the international network, to share ideas about their philanthropic involvement and expand their giving circles, both in Israel and overseas.

Members of the network enjoy a wide range of services aimed to develop and professionalize philanthropic giving through member to member connections, fostering family philanthropy, establishing new tools for strategic philanthropic giving and identifying and removing barriers in the philanthropic field in Israel.