Companies Report 2018 Public
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oך JEWISH AGENCY COMPANIES 2018 Annual Report 1 Table of Contents Foreword Introduction THE COMPANIES Mission Amigour Beit Hatfutsot Ben Yakir Youth Village Daroma Tzafona Idan He’Atid Daroma Tzafona Tikun Olam International Convention Center Binyanei HaUma Israel Experience – Educational Tourism Services Ltd. Israel Tech Challenge Jewish People Policy Institute Masa Misholei Hinuch (Ramat Hadassah Youth Village) Nativ – The National Center for Jewish Studies, Identity and Conversion Ofek Yisraeli – Aliyah Promotion Company Olamit The National Project for the Ethiopian Community in Israel The Spirit of Israel Yearim Youth Village Youth Futures Services Amigour 2000 Company for the Financing of the Jewish Agency's Public Housing Project Idud Israel Economic Development Corporation (Chayil) Kupat Hayishuv Lalan Pension and Provident Fund Real Estate Participations IEF Companies Overview Colleges: Alperin Kinneret College of Technology in Emek Hayarden Gertrude & Morris Rodman Educational Center at Tel Hai Kaye College of Education in Beersheva UJA New York Women’s Division Levinsky College of Education Zinman College of Physical Education & Sport Sciences at the Wingate Inst. List of IEF Companies (other than colleges) Other Companies 2 Foreword Dear Friends, We are pleased to present you with the latest Annual Report on activities of the Jewish Agency subsidiary companies. This report, submitted to members of the Board of Governors’ Assets & Liabilities Committee and Companies Subcommittee, conveys the extent and intensity of activity in which our companies are involved, in Israel and the Jewish world. We hope you find it informative and useful. Richie Pearlstone Fred Zimmerman Chairman, Chairman, Assets & Liabilities Committee Companies Subcommittee 3 Introduction Dear Friends, As in previous years, we are pleased to present you with the Jewish Agency Companies Report for 2018 which summarizes the broad range of activity of our companies and reflects the high level of involvement of Jewish Agency companies in the Israeli economic and social scenes. We continue to present this report digitally in order to make it as easily accessible as possible and provide wide exposure to the important work of Jewish Agency companies. The goal of synergy and cooperation among the various companies and with the Jewish Agency units continues to guide us in order to present a unified front in face of the challenges with which we are dealing. In recent years the Jewish Agency subsidiary companies have become an integral part of the institution and serve to enhance the position of the Jewish Agency in the Israeli marketplace, and of this we are proud. I'd like to take this is an opportunity to thank all our partners in these endeavors and we look forward to coming years of challenges and achievements. Yours, Arieh Abir Head of the Companies Bureau 4 Amigour Founded in 1972 The Amigour housing company operates throughout the country. It is the leading company in Israel in the area of sheltered housing (7,000 residents) and the second largest in the field of public housing (11,000 units). In recent years, the company has become a leader in the field of security rooms and residential bomb shelters. The goals of the company focus on providing housing solutions for those in need, especially new immigrants, senior citizens and Holocaust survivors. Since its establishment, the company has provided more than 60,000 housing solutions to these populations. Approximately 70% of the residents of Amigour’s 57 senior citizen homes are Holocaust survivors. The Jewish Agency, led by its Finance Unit and Assets Management Division, together with Amigour, conducted negotiations with the Government of Israel, and on December 31st 2015, an agreement was signed for the construction of approximately 2,650 units of low-cost public housing for seniors and others in need. This project is in collaboration with the United Israel Appeal, Jewish Federations of North America and United Israel Appeal Canada. The construction of the units is being carried out by Amigour, as will be the ongoing rental and maintenance management. The agreement constitutes a dramatic addition to public housing offerings in Israel. This addition will significantly ease the process of receiving public housing for those who qualify and will shorten the existing queue. This is an additional step toward equal opportunity and social justice within Israeli society. In 2017, the construction of some 180 units began on Derech Hashalom St. in Tel Aviv and in January 2018 construction has begun of 471 units in Ashkelon. During the course of 2019, the construction of 800-1000 additional units is expected to begin in Ashdod, Beersheva, Herzliya, Netanya, Rehovot and Tel Aviv, subject to permits. Management Agreement with the Government – Amigour signed a management agreement with the Government for the management of public housing apartments transferred to state ownership. Without such a management agreement, there was a threat that the Government would transfer the management of the apartments to the government-owned public housing company and Amigour would lose its core business. The public housing management agreement ensures a steady economic basis for Amigour’s activities. This agreement demonstrates the government’s recognition of Amigour’s capabilities. The Government of Israel has stated it would implement the option of extending the management agreement for another two years and has announced its intention to negotiate on the subsequent management agreement and finalize the negotiations sometime in 2019. Nursing Homes – Amigour runs nine wards in two nursing homes, providing nursing care for 324 seniors who are eligible for this. These nursing homes offer some of the highest standards in the country, and their construction helps to provide a solution for the severe shortage of such facilities, particularly in the north of the country. The Jewish Agency, through Amigour, is providing solutions to the large demand for seniors housing and nursing facilities in the area north of Haifa. 5 Project Renewal - Project Renewal is considered one of the leading social projects in Israel aimed at bringing about social change in the weaker neighborhoods and towns. After many years of hiatus, the Ministry of Construction and Housing decided to allocate significant resources to carrying out renovations in entire neighborhoods around the country. In this framework, Amigour has renovated 2222 apartments in the cities of Migdal Haemek, Ofakim, Sderot, Netivot, Ashkelon and Nahariya. Renovations of Public Housing in Cooperation with "Ayalim" – The Ministry of Construction and Housing is running a social project through Amigour in cooperation with the Ayalim non-profit association, for renovating public housing buildings for the benefit of residents, many of them Holocaust survivors. In this framework, 500 units have already been renovated along with the surrounding public areas in Sderot, Ofakim, Kiryat Ata and Migdal Ha'emek. The project is set to expand to additional cities around the country. Amigour is highly esteemed by a range of government ministries that have entrusted it to handle various issues on their behalf. These include the Ministries of Defense, Housing, Absorption and Finance. On behalf of The Jewish Agency, Amigour is at the forefront of meeting Israeli society’s needs in times of emergency and on an ongoing basis. Board of Directors: The following are the company’s directors: Arieh Abir (Chair), Eran Agai, Eli Barda, Yitzchak Brick, Amira Dotan, Amiram Massas, Barbara Promislow, Isaac Rosenberger, Josh Schwarcz, Moshe Shiff. All of the above were appointed by The Jewish Agency. CEO: Yuval Frenkel Shares in the company are held as follows: Share Category Shareholders Total Shares Jewish Agency UIA WZO Jewish Agency Subsidiaries Issued Founder 1 1 Regular 1999994 1 1 3 1999999 Ashkelon – Beit Ohel Moise Y. Safra Architect's rendering Under construction 6 Amigour – Organizational Chart Chairman CEO Legal Advisor Company Internal Auditor Secretary Branches Headquarters HR and Seniors, Engineee- Finance and Properties Administration Spokesman and ring Computers and FRD residents Midgal "Krayot" Center Ashdod Ashkelon Sderot Ofakim and Haemek, Netivot Carmiel, Nahariya 7 Project in cooperation with "Ayalim" Project Renewal - Ofakim 8 Beit Hatfutsot Founded in 1978 Established in 1978, the Museum of the Jewish People at Beit Hatfutsot has the status of "National Center for Jewish Communities in Israel and Around the World", by a 2005 Knesset law. Over the past decade, Beit Hatfutsot has turned its attention to the central, existential challenge facing the Jewish People today – a growing disconnect of many young Jews from the diverse global Jewish family, a personal sense of Jewish belonging and a connection to Israel. In response to this growing crisis, Beit Hatfutsot has launched an ambitious renewal process: in 2016, the museum's New Wing opened (Phase I), and the new Core Exhibition (Phase II) will be completed by the end of 2019. The new Core Exhibition will inspire all visitors to connect and interact with the achievements, history and values of the Jewish People. Utilizng cutting-edge design and technology to showcase a vision of Jewish life that is diverse, accessible and engaging, and connecting visitors with a personal sense of their identity, roots and connectedness, the new Core Exhibition will comprise three wings - Identity and Culture: the diverse forms of Jewish culture in modern times