Jewish Agency Companies 2014 Annual Report

Table of Contents

Foreword 2 Annual Survey of Company Bureau Activities 3

THE COMPANIES

Mission Masa 8 Israel Experience – Educational Tourism Services Ltd. 12 Jewish People Policy Institute 16 Daroma Tzafona Tikkun Olam 19 Daroma Tzafona Idan He’Atid 23 The National Project for the Ethiopian Community in Israel 25 Misholei Hinuch (Ramat Hadassah Youth Village) 29 Kiryat Yearim Youth Village 33 Ben Yakir Youth Village 36 DOR ‐ Camping Group 38 Olamit 39 National Company for Education, Development and Absorption 41 Beit Hatfutsot 43 Weitz Center for Development Studies 46 Israel Museum 50

Commercial and Amigour 51 Revenue Amigour 2000 56 Real Estate Participations 58 Idud 62 International Convention Center Binyanei HaUma 64 Spirit of Israel 67

Service Lalan 69 Pension and Provident Fund 72 Kupat Hayishuv 76 Israel Economic Development Corporation (Chayil) 78

IEF Companies Overview 80 Colleges: Levinsky College 81 Zinman College (Wingate) 83 Kaye College 85 Emek Hayarden College 86 Tel Hai College 88 Sample IEF companies in: Ramat Hasharon, Rehovot, Metulla, Eilat 90 Schools 94

Other Companies 98

Dear Friends,

We are pleased to present the 2014 edition of the Annual Report on Jewish Agency companies to the members of the Assets & Liabilities Committee and its subcommittees, in accordance with Clause E.1.viii of the Jewish Agency By‐laws on companies. The decision to produce the report in PDF form was taken mainly to save costs, but also to make it available for you, on line, at all times and to allow us to update its content whenever necessary. We hope committee members will find this format user‐friendly, and we look forward to your comments.

The Companies Bureau is available throughout the year to provide members of the Board of Governors with any information they wish to receive regarding Jewish Agency companies.

Richie Pearlstone Arieh Abir Chairman Head of the Companies Bureau Assets & Liabilities Committee

Andy Groveman Herb Gimelstob Chairman Chairman Companies & IEF Real Estate Companies Subcommittee Subcommittee

Annual Survey of Companies Bureau Activities

The principal function of the Companies Bureau is to protect and promote the interests of the Jewish Agency through companies in which JAFI and its affiliated bodies own all or a part of the share capital. In all there are over 140 such companies.

The function of the Companies Bureau is under the responsibility of the Chairman of the Executive. This organizational relationship is reflected in a close operational relationship with the Chairman's Office. The Chairman of the Asset and Liabilities Committee and the Chairman of the Companies Subcommittee provide the Companies Bureau with important guidance on a variety of issues. Furthermore many issues require close and sustained cooperation with the CFO and his staff and the Legal Department as well as with the Deputy Chairman of the Executive and the Director General.

During 2013 the Companies Bureau placed particular emphasis on companies’ Business Plans and Business Goals. The Companies Bureau assists the companies in preparing work plans and does follow‐ up on progress, in the aim of realizing the potential inherent in companies and at the same time ensuring that the companies’ activities are consistent with the goals and needs of the Agency.

Israel Experience

The company is in the middle of a very busy summer, with close to 20,000 young people on various programs, including 3,000 on long‐term programs. This year the company is focusing on the Agency’s efforts within the Jewish community in France. In addition, the company has brought around 1,000 participants to Birthright programs and another 1,000 on a ship from Cyprus reenacting clandestine immigration.

Even during the “Protective Edge” operation, the company continued to handle the arrival of 9,000 participants in short and long‐term programs in Israel. Accommodation considerations and attention to the Home Front directives forced the staff to change almost daily the educational and logistical plans. Happily, the participants as well as the counselors from abroad stayed with the programs and gained a positive experience of Israeli society at its best. As part of Jewish Agency response to the Operation, the company ran “respite days” for more than 35,000 residents of the South. The experience the company has gained, particularly in emergency situations, has brought many Jewish organizations and communities which are not currently working with the Israel Experience, to turn to the company for help, both in the educational and security fields.

The company will be participating in a Ministry of Education tender for Israeli school trips to Poland, which will result in a significantly wider scope of activity for the company.

The Israel Experience company reports a turnover of $12.3 million for the first quarter and a small operating profit of approximately $100,000. This is proportionately in line with the company's 2014 projections.

Masa

2014 marks the 10th anniversary of Masa. This year there are over 250 programs, $37 million given as grants and scholarships, more than 150 strategic partners in Israel and around the world. There are over 85,000 graduates of Masa, and more than 10,500 current participants in Masa programs.

The company is currently undergoing a strategic process aimed at increasing the numbers of participants and enhancing the impact of programs. At this stage, the company is examining and analyzing two central components of the experience in Israel ‐‐ participants and products ‐‐ in order to optimize the programs for the current generation and be able to compete with other long‐term programs available around the world.

Spirit of Israel

Through donations and volunteering from all sectors of Israeli society, the Spirit of Israel supports social and educational programs of the Jewish Agency for the benefit of Israel’s at‐risk children and teens. The company currently focuses on joint ventures with leading Israeli companies and firms for the purpose of initiating new social programs, besides the monetary support, employee volunteering, and in‐kind donations being done for existing programs. The Spirit of Israel intends to continue being the leading body in Israeli society that emphasizes the value of giving and volunteering.

As of the end of May, fundraising this year is up by 18% in relation to the same period last year.

Real Estate Participations

The REP company continues to meet the challenge posed by the Pension Fund, the company’s largest client, selling off properties, as per current government regulations.

The company views the development of new clients throughout Israel as an important activity, utilizing its relative advantage of operations around the country.

The company handles the betterment of Agency properties, including the necessary arrangements with state authorities (in close cooperation with the Asset Management Division).

REP is currently finalizing a strategic planning process, with the assistance of a consulting firm, in coordination with the shareholders.

The Real Estate Participations Company returned a first quarter gross profit 26% over budget.

Amigour

The company is in the midst of building 300 new residential units for seniors in the center of Israel, where those units are most needed:

Kiryat‐Ono 71 units – The project should be completed by the end of this year.

Kfar‐Saba 101 units – The foundation is built. Project is a month ahead of schedule.

Tel‐Aviv 110 units – Amigour has submitted plans to the city, efforts being made towards approval of plans.

Jerusalem A project has been proposed by Amigour and the Welfare Department of the municipality of Jerusalem, with the support of the Minister of Housing. This project involves turning two floors of parking space in a Talpiot building into 38 apartments. Plans have been submitted by Amigour.

Amigour is investing much effort into making sure the transfer of payments from the sale of Jewish Agency apartments continues.

The transfer of Jewish Agency apartments to the Government exceeded the projected target by approximately 4%.

In the first quarter, both Amigour's income and overall expenditure amounted to approximately 25% of its annual budget.

During the Protective Edge operation, many thousands of residents connected to Amigour were exposed to rocket fire: 2,200 residents of seniors homes in the South and some 8,000 families living in public housing managed by Amigour in the South.

Amigour augmented its presence in all the residences (overtime hours were increased and holidays cancelled). House staff, directors, care givers, social workers and all the support staff worked long hours to help the seniors, and the company management was on the ground daily responding to needs and supporting the staff and the residents.

Amigour opened and readied all the bomb shelters and secure spaces in the South that are under its management , renovating hundreds of shelters, including in the public housing complexes. The company purchased necessary emergency equipment (mattresses, lighting, first aid kits, water, etc.) so that the shelters would be livable for longer periods, which in the case of seniors is often required. In the seniors homes, the cultural activities were enhanced, some of them taking place in the shelters.

Amigour, which serves as the implementation arm of the government property tax authorities throughout the country for repairing war damage, carried out repairs from missile attacks wherever summoned, and it did so efficiently and with devotion and sensitivity to residents.

Binyanei HaUma – International Convention Center

In 2014 the company is concerned with the expected opening of the competing convention center – the “Arena”. In addition, anchor events such as the Presidential Conference are not taking place this year. Despite aggressive marketing efforts in Israel and abroad, the company expects a drop in reservations and events.

In the first quarter of 2014, the ICC saw revenue 8% above budget, while actual costs stayed close to projection.

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The following is a summary of the Companies Bureau activities in 2013.

1. Appointments

A. Directors The Companies Bureau manages the appointment of directors to Jewish Agency companies. This process is carried out in close cooperation with the Office of the Chairman of the Jewish Agency Executive.

Over the past year, 157 directors were appointed or reappointed to IEF companies. It is noteworthy that about 40 % of these appointees are women. 19 IEF boards are in process of being reconstituted as their current members complete the statutory term of office(228 directors).

In 2013, 68 directors were appointed or re‐appointed to the “regular” companies. 27 of these appointees are women; of the total population of 235 directors in this group, 50 are women.

B. Accountants The Companies Bureau manages the process of rotating company accountants. In 2013 29 new accountants were appointed – 2 to “regular companies” and 27 to IEF companies.

2. Statutory Functions

A. General meetings of shareholders Companies Bureau staff represent the Jewish Agency at annual and extraordinary meetings of shareholders. Almost all general meetings of IEF companies are initiated and organized by the Companies Bureau. Approximately 112 shareholder meetings took place during 2013. There were approximately 33 general meetings of regular companies.

B. Reporting Approximately 100 Jewish agency companies are classed as “public benefit companies”. The law requires these companies to submit annually financial and narrative reports, approved by the General Meeting of shareholders, to the regulatory body in the Ministry of Justice. The Companies Bureau, particularly with respect to IEF companies, is closely involved in the quality control of these reports before their approval by the general meeting.

The submission of these reports in a form required by the governmental regulatory body is a condition for receiving a good management certificate, which itself is a condition for receiving financial allocations from government ministries and local authorities. Many of these companies depend on such allocations for their operations.

3. Synergy

The Companies Bureau is intensely pro‐active in strengthening cooperation among Jewish Agency companies and between companies and Jewish Agency units, with the clear aim of promoting the Jewish Agency's agenda in terms of program objectives, income generation and cost savings.

The Companies Bureau has initiated a number of forums with the aim of generating mutually beneficial relationships amongst Jewish Agency companies and between the companies and Agency departments. One forum brings together the CEOs of the major companies. Another forum brings together the chairpersons of the companies.

These meetings lead to joint projects between companies, as the leadership of the companies gets to know and trust one another.

The image and status of the companies within the Israeli marketplace and society is on the rise and we are hearing from entrepreneurs wishing to tie in projects with various companies and getting proposals from various bodies now know of the economic and social value of our companies in Israel.

4. Training

Over the years the Companies Bureau has held directors courses, both for Jewish Agency staff members as well as external directors.

Basic director training

With the support of the Workers’ Organization, 2 directors’ training seminars will be held, November 2014 and February 2015, to ensure our directors are equipped with the needed financial and legal knowledge, especially in light of recent amendments to the Companies Law.

High profile directors training

Together with our partners in the WZO, a training seminar for senior directors ‐‐ mostly board chairs and chairs of board committees ‐‐ will be held in November. High level content will be presented by leading lecturers from Israel’s business sector in order to enhance the directors’ professional knowledge.

5. Asset Development

The Binyanei HaUma Convention Center is situated at the hub of the inter‐city and municipal transport systems, some not yet operational, at the entrance to Jerusalem – inter‐city railway, central bus station, light railway and expanded road system. We in the Companies Bureau are coordinating the planning process for the Jewish Agency with the ongoing assistance of a group comprising the lay economic leadership ‐ the Chairman of the Budget and Finance Committee, the Chairman of the Assets and Liabilities Committee, the Chairman of the Real Estate Subcommittee and the Chairman of the Companies Subcommittee.

6. Government Ministries

The Companies Bureau assists companies in improving their relationship with Government ministries – the Foreign Ministry, the Ministry of Education, the Ministry of Housing and Construction and the Ministry of Aliyah and Absorption – with the aim of expanding the companies' scale of activity.

7. Committees of the Board of Governors

Companies Bureau staff manage the proceedings of the Companies Subcommittee of the Board of Governors and are closely involved in managing the proceedings of the Assets & Liabilities Committee. The Companies Bureau monitors the implementation of these committees’ decisions and is often itself instrumental in their implementation.

8. Companies impact on Jewish Agency budget

In 2013, Jewish Agency companies transferred approximately 20 million dollars to the Jewish Agency budget, for the benefit of fulfilling the goals of the Agency in Israel and around the world.

Arieh Abir Head, Companies Bureau

Masa Israel Journey Founded in 2004

The Masa project was launched by the Government of Israel and the Jewish Agency ten years ago. Their shared vision was to provide an avenue for young Jewish people to not only visit Israel but to become a part of Israel. Masa offers young Jewish adults the opportunity to participate in a variety of long term programs in Israel that will define and enhance their future relationship with Judaism, Israel and their own Jewish communities back home.

More than 10,000 young adults from all over the world have taken part in one of over 200 different Masa programs this year. These semester to year‐long programs are aimed at different groups: Post High School (Gap Year), Study Abroad, Volunteer and Career Development, and Jewish Studies. Masa Israel operates in the following fields: development of new programs, marketing, financial assistance, and supplementary educational and cultural programming for participants in Israel. Masa Israel Journey offers every eligible participant between 18 and 30 years of age a grant of $1,000‐$4,500 towards participating in a program in Israel. Masa Israel offers additional scholarships based on financial need.

In the past ten years over 86,000 young people have participated in Masa programs. Upon return home, Masa graduates become active in their communities, and many of them choose to make Israel their home.

Board of Directors: The current number of directors is 11, all of whom were appointed by the Jewish Agency. Two of these directors were appointed at the recommendation of the Government. The following are the company’s directors:

Aaron Abramovich – Chairman, Amira Aharonovich, Moshe Ashirie, Ilan Cohen, Shlomo Fox, Vera Golovensky, Eli Kashdan, Yitzhak Lax, Shai Talmon, Leor Varona, Yael Weiss Gadish.

CEO: Liran Avisar Ben Horin

Shares in the company are held as follows: Share Shareholders Total Shares Issued Category Agency Agency Subsidiaries Regular 94 6 100

Masa

Balance sheet (Thousands US $) 31.12 2012 2013 Current assets Cash and cash equivalents 3,150 4,001

Accounts receivable 10,678 12,186

13,828 16,188

Net Fixed assets 93 93

13,921 16,280 Current liabilities

JAFI 1,104 798

Accounts payable 12,332 14,372

Other current liabilities 452 1,092

13,888 16,262 Long - term liabilities

Employee obligations 32 18 Capital

Share capital 0 0

13,921 16,280

Masa

Income and Expenditure (Thousands US $) 2012 2013 Income

JAFI 20,313 20,645

Government of Israel 20,313 20,645

Ministry of Education 756 1,834

41,382 43,124 Operating Expenses Scholarships for participants in the project ( 33,947) ( 35,045) Others Operating Expenses ( 6,761) ( 7,429) ( 40,708) ( 42,474) Net income from operations 674 649 Management and General Salaries and benefits ( 402) ( 419) Others Management and General ( 298) ( 287) ( 700) ( 706) Net Income (Deficit) before Financing ( 26) ( 57) Net Financial Income (expense) 26 57 Net income for the year ( 0) ( 0)

Israel Experience® Founded in 1999

Israel Experience® (www.israelexperience.org), a subsidiary and the educational arm of the Jewish Agency for Israel, specializes in providing organized trips to Israel for teens, university students and adults from all over the globe.

Each year, Israel Experience brings over 30,000 people on educational tours that aim to strengthen each participant’s connection to Israel while nurturing Jewish continuity in their communities back home.

The company, named one of Israel’s top 10 travel companies according to Globes, Israel’s leading financial daily, has excelled as the largest growing Taglit: Birthright Israel provider, as well as a leader in the field of educational tourism for Jewish youth and students from abroad.

The company’s activities:  School Trips  Israeli School tours and Summer Camps  Taglit: Birthright Israel  Torah & Glatt Kosher Tours

 Missions & Family Travel – Federation Missions, Teacher Training, Bar & Bat‐Mitzvah Trips, and more!  Activities for Victims and Families of Terror Attacks  Jewish Europe Heritage Tours for Communities and Israelis  Specialty & Customized Tours  Masa Israel & Long Term Programs including the following: o Career Israel o Onward Israel o Israel Teaching Fellows o Rimon – the International Music Program o Marva o Magen David Adom o Israel By Design o Hebrew University with Ulpan Etzion o Kibbutz Ulpan

Board of Directors: The current number of directors is 9 who were appointed by the Jewish Agency which is entitled to appoint all the company’s directors. The following are the company’s directors:

Menachem Granit – Chairman, Odelia Forer‐Weizman, Joel Golovensky, Silvio Joskowicz, Tal Ohana, Amir Peled, Edna Ramot, Hagit Weiss, Yoel Yeshurun. CEO: Amos Hermon

Shares in the company are held as follows: Share Category Shareholders Total Shares Issued Agency Chayil Regular 99 1 100

The Israel Experience - Educational Tourism Services

Balance sheet (Thousands US $) 31.12 2012 2013 Current assets Cash and cash equivalents 1,804 2,943

Customers 7,205 6,692

Accounts receivable 1,709 1,374

10,718 11,009

Other assets 632 742

Net Fixed assets 226 205

858 947

11,576 11,956 Current liabilities

Accounts payable 7,379 7,167

JAFI Loan 2,000 2,500

9,379 9,667 Long - term liabilities

JAFI Founder loan 1,399 1,399

Employee obligations 47 45 Capital

Share capital 751 845

11,576 11,956

The Israel Experience - Educational Tourism Services

Income and Expenditure (Thousands US $) 2012 2013

Income 43,971 47,167 Operating Expenses ( 37,164) ( 39,137) 6,807 8,030 Other Expenses ( 3,428) ( 4,575) ( 3,428) ( 4,575) Net Income (Deficit) before Financing 3,379 3,455 Management and General ( 2,835) ( 3,032) Net Financial (expense) income ( 20) ( 312) Net Income (Deficit) After Financing 524 111 Taxes ( 58) ( 17) Net Income (Deficit) for the year 466 94

The Jewish People Policy Institute Founded in 2002

The Jewish People Policy Institute (JPPI) is a think‐tank whose mission is to contribute to the thriving of the Jewish People and Jewish civilization globally by engaging in professional strategic thinking and planning on issues of primary concern to world Jewry. JPPI’s activities are action‐oriented, placing special emphasis on identifying critical options, analyzing their potential impact on the future, and presenting policy recommendations and operative priorities.

The JPPI presents to leaders and decision makers:

* Overviews and analyses of situations and processes. * “Warnings” as to threats and opportunities. * Evaluations of present events and anticipated developments. * Innovative optional strategic courses of action. * Analysis of options for determining policy. * Policy recommendations, setting timetables, designing work plans.

The JPPI enjoys complete professional independence. It operates under the guidance of a board of directors made up of experienced professionals in policy planning, headed by Ambassadors Stuart Eizenstat and Dennis Ross, former high‐level American government officials, and Leonid Nevzlin from Israel.

Board of Directors: The current number of directors is 29 who were appointed by the Jewish Agency which is entitled to appoint all the company’s directors. The following are the company’s directors:

Ambassador Stuart Eizenstat, Ambassador Dennis Ross – Chairmen, Leonid Nevzlin ‐ Associate Chairman, Elliott Abrams, Irwin Cotler, Wendy Fisher, Sami Friedrich, Misha Galperin, Dan Halperin, Bernard Henri‐Levy, Steve Hoffman, Alan Hoffmann, David Kolitz, Vernon Kurtz, Morlie Levin, Glen Lewy, Judit Bokser Liwerant, Isaac Molho, Steven Nasatir, Yaakov Neeman, Avi Pazner, Jehuda Reinharz, John Ruskay, Doron Shorer, Jerry Silverman, Ted Sokolsky, Alan Solo, Michael Steinhardt, Aharon Yadlin.

President and CEO: Avinoam Bar‐Yosef Academic Director: Suzanne Last Stone Partners: Nadav Foundation, UJA Federation of New York, St. Louis Federation, Toronto Federation, Chicago Federation, Crown Family Philanthropies, Jack Kay, Ratner Family.

Shares in the company are held as follows:

Share Category Shareholders Total Shares Issued Jewish Agency Regular 500 500

Jewish People Policy Institute

Balance sheet (Thousands US $) 31.12 2012 2013 Current assets

Cash and cash equivalents 151 125

Income receivable 62 25

Accounts receivable 91 239

305 390

Net Fixed assets 197 183

501 572 Current liabilities

Accounts payable 205 61

Prepaid expenses 101 156

Other current liabilities 20 72

326 288 Long - term liabilities

Employee obligations 360 404 Net assets Unrestricted

Used for fixed assets 197 183 Used in (Deficit) ( 382) ( 303) - - Total net assets Unrestricted 185 120

501 572

Jewish People Policy Institute

Income and Expenditure (Thousands US $) 2012 2013 Income JAFI 608 634 Donations and Grants 1,411 1,360 2,018 1,994 Operating Expenses Salaries and benefits ( 1,170) ( 1,168) Others Operating Expenses ( 574) ( 450) ( 1,744) ( 1,618) Operating deficit 274 376 Management and General ( 274) ( 290) Net Income (Deficit) before Financing 0 86 Net Financial expense ( 4) ( 10) Net Income (Deficit) for the year ( 4) 76

דרומה צפונה – תיקון עולם בע"מ

Daroma Tzafona – Tikkun Olam Founded in 2005

The Daroma company presently functions as an implementation arm of JAFI’s social activism unit. The company runs ten programs. The first four programs listed involve “Young Communities” which are groups of young, enthusiastic, idealistic Israelis who commit to living, working, and volunteering in a high‐need area in one of Israel’s geographic or social “peripheries.” Together, they settle in an under‐privileged neighborhood, and work to create long‐term, sustainable, positive changes in the local quality of life. 1. Ketzev – young communities and businesses. Ketzev creates social‐activism businesses in Israel’s geographic and cultural peripheries, thereby creating economic opportunity and widening the circle of impact of social activism. It teaches Young Communities to add a social‐ entrepreneurship element to their activities, so that their initiatives to assist others can become self‐sustaining. Ketzev provides grants, lessons in business and entrepreneurship, mentorship, connections with sources of initial funding, introductions to potential partners, and other support services. 2. Choosing Tomorrow encourages promising college students – particularly those who grew up in Israel’s geographic and social peripheries – to commit to remaining in those vulnerable areas after graduation to become agents of change. The participants work together to build local program initiatives that close social gaps, decrease the cultural gaps between the peripheries and the country’s “center,” and increase economic prosperity for their neighbors. 3. Click: supporting social initiatives. The Click fund provides a flexible, efficient platform through which independent young Israeli social activists (one person or very small groups of partners) can receive micro‐grants of $1,000 to $2,000 to initiate community‐service programs. They include those who are working outside formal frameworks, and those who are founding their own small non‐profit organizations. After a careful screening process, young people with sound, detailed plans – especially those working toward socio‐economic improvement in Israel’s geo‐cultural peripheries – receive seed funding and mentorship, meet regularly, and learn organizational principles. The projects and programs supported by Click are varied, and include activities in education, environmentalism, the arts, economic development, and other fields that strengthen civil society and stimulate positive change. 4. Hamitcham: Arad young adults' hub. Hamitcham, the new young adults’ social hub, was established in 2012 to stimulate cultural activity in Arad and to encourage young Israelis to build a Young Community in Arad and the Negev. These enthusiastic young Israelis, aged 20‐35, live in subsidized housing for up to three years; each one volunteers in Arad, creating new social and cultural opportunities for all residents of the city. 5. Mechinat Kol Ami: Post‐High School Service Learning focuses on issues of peoplehood, Israel engagement, and the bonds between Israelis and the Jewish people abroad; the participants include both Israelis and – in cooperation with Masa Israel Journey – young people from overseas. Kol Ami provides Israeli high school graduates with an opportunity for Jewish study, volunteerism, and leadership training before they enter the IDF, while overseas participants are fully immersed in an Israeli environment and increase their leadership skills and knowledge about Israel and the Jewish world.

6. Afikim in Negev: post army service learning provides post‐military service vocational training and preparation for civilian life, adulthood, and engaged citizenship. The program addresses the complex situation of newly‐released soldiers and provides them with a half‐year of empowerment, reflection, and exposure to academic and career options, together with an exploration of Jewish and Israeli identity. 7. Mechinot OFEK: post‐high school service learning is designed for young people from Israel’s outlying regions with few educational or professional opportunities, who otherwise would not engage in an “elite” Israeli experience such as a pre‐army Mechinah. Participants spend 6 months strengthening their Jewish and Israeli connections, and developing the skills they need to be accepted into elite units in the IDF – which transforms their career trajectories for a lifetime. Mechinot Ofek include residential programs in Ofakim, Yerucham, and Nitzana. For those who want (or, for financial reasons, must) live at home, we have started a “day Mechinah” for urban students Mechinat Aharai! Ba’Ir in Jerusalem. 8. Shin‐Shinui: Service Year Enrichment is a new Jewish Agency initiative that began in the 2012‐ 2013 program year. Annually, around 2,500 motivated Israelis choose to defer their army service for a year to volunteer within, and on behalf of, Israeli society, through frameworks organized by a variety of youth movements and non‐profit organizations around the country. In response to an identified need for more professional training for these young volunteers, including a theoretical basis for contextualizing their service, The Jewish Agency, in cooperation with the Avi Chai Foundation, is creating training centers for Israelis in their "Service Year" (shnat sherut, or shin‐ shinim), as well as young women in the National Service program and participants in other large‐ scale volunteer programs. 9. Project TEN: Global Tikkun Olam is is a service‐learning program: volunteers study an intensive and rich curriculum focusing on Jewish identity, values, and community. Sessions include reflection and discussions on volunteering ethics, Shabbat and holidays, justice, and charity. Since June 2012, TEN Centers in Gondar, Ethiopia, Hyderabad, India, Kiryat Shmona, Israel, Oaxaca, Mexico and Kibbutz Harduf, Israel have been opened. Additional locations in Ghana, Hungary, Georgia, Brazil, Israel, and the Far East are planned to be opened in order to reach a total of 12 Centers. In all locations, volunteers provide much‐needed assistance to organizations such as orphanages and hospitals, and develop sustainable programs with local non‐profits in fields such as education, hygiene, healthcare, agriculture, and more. 10. Food Cooperatives. This new initiative for 2014 seeks to help communities overcome basic economic problems by maximizing their collective, communal action. The Cooperatives (“Co‐ops”) will serve to enhance a shared sense of community; empower residents through involvement and shared ownership of a local social business (whose profits are turned back into the business); increase access to food and goods at prices that are significantly lower than those in commercial outlets; and close social and economic gaps in Israel. Our longer‐term vision is that each Co‐op will also develop into a center for community and social programming, and be self‐sufficient within three years. The entire Network is expected to become self‐supporting within five years of its establishment.

Board of Directors: The current number of directors is 8 all of whom were appointed by the Jewish Agency which is entitled to appoint all the company’s directors. The following are the company’s directors:

Ze’ev Hayut – Chairman, Cali Cohen, Orna Davidai, Leah Golan, Nir Lahav, Dror Morag, Yael Rakov, Rany Trainin. CEO: Nir Lahav

Shares in the company are held as follows: Share Category Shareholders Total Shares Issued Jewish Agency Regular 1,011 1,011

Daroma Tzafona Tikkun Olam

Balance sheet (Thousands US $) 31.12 2012 2013 Current assets

Cash and cash equivalents 635 342

635 342 Current liabilities Banks and institutions for repayment 112 207

524 136 Long - term liabilities

Net assets Unrestricted 524 136

524 136 21

Daroma Tzafona Tikkun Olam

Income and Expenditure (Thousands US $) 2012 2013 Income Income 1,317 0 1,317 0 Operating Expenses Operating costs ( 989) ( 334) Maintenance and operation ( 85) ( 74) ( 1,073) ( 409) Net Income (Deficit) before Financing 244 ( 409) Net Financial (expense) income 2 ( 2) Net Income (Deficit) for the year 245 ( 411)

Daroma Tzafona Idan He’Atid Founded in 2005

Creating Opportunities to Growth

Daroma‐Tzafona's mission is to bring about socioeconomic change to the Negev and the Galilee.

The company focuses on the industrial business sector, with emphasis on small and medium sized businesses involved in export which serve as significant economic growth engines for these regions.

Daroma‐Tzafona was set up by a number of Israeli industrialists and philanthropists led by Eitan Wertheimer, who serves as company chairman, in cooperation with the Jewish Agency. Company activity is funded entirely from contributions from the owners and the Jewish Federations of North America.

What began in 2003 as a company charged with developing strategic plans for the Galilee ‐‐ plans which were subsequently turned over to the government ‐‐ moved on at the end of 2007 to be a program for small and midsize businesses, involving loans, management monitoring, business training and consulting programs.

The company pursues a policy of oversight and measurement of the impact of its activity. Company staff regularly visit the businesses to gather data, and these visits serve to measure the economic health of the business, identify major difficulties and explore possibilities of additional support.

The company is involved in approximately 450 businesses which employ more than 15,000 workers and have a total annual turnover of over $2 billion, a third of that in exports. The businesses report annual growth of 5%‐8% in their businesses activities since Daroma‐Tzafona was involved.

Board of Directors: The following are the directors appointed by the Jewish Agency: Eitan Wertheimer – Chairman*, Becky Caspi, Leah Golan, Alan Hoffmann, Offer Isseroff.

*Appointed jointly by both shareholders CEO: Giora Baran

Shares in the company are held as follows:

Share Category Shareholders Total Shares Issued Agency Trustees Regular 500 500 1,000

Daroma Tzafona Idan He'Atid

Balance sheet (Thousands US $) 31.12 2012 2013 Current assets Cash and cash equivalents 4,173 3,728

Temporarily restricted 7,993 6,751

Accounts receivable 9 6

12,174 10,485

Net Fixed assets 14 14

12,188 10,498 Current liabilities

Accounts payable 111 54

Other current liabilities 39 63

151 117 Capital

Temporarily restricted 12,065 10,410 Net assets Unrestricted ( 28) ( 30)

Share capital 0 0

12,188 10,498

Income and Expenditure (Thousands US $) 2012 2013 Income 1,439 1,730 1,439 1,730 Operating Expenses Salaries and benefits ( 1,670) ( 1,831) Maintenance and operation ( 57) ( 53) ( 1,727) ( 1,884) Net Deficit before Financing ( 287) ( 154) Net Financial income 287 154 Net Income for the year 0 0

The National Project for the Ethiopian Community in Israel (ENP) Founded in 2004

ENP's mission is to address the most pressing social and educational needs of Ethiopian‐Israeli youth aged 13‐18. ENP is transforming the lives of these teenagers and ensuring that the Ethiopian‐Israeli community has a brighter future.

Target Population The Ethiopian‐Israeli population, currently standing at 125,500, has the highest rate of poverty of any social group in Israel. Their economic and social deprivation, combined with a crisis of cultural transition, has a hugely negative impact on every aspect of the lives of their children, 49% of whom live below the poverty line. The number of teens among the Ethiopian‐Israeli community (ages 13‐18) stands at 18,000.

ENP: A Unique Partnership A unique partnership between the Jewish Federations of North America, the Government of Israel, representatives of Ethiopian Jewish community organizations, the Jewish Agency, the American Jewish Joint Distribution Committee in Israel (JDC‐Israel) and Keren Hayesod‐UIA, ENP unites those dedicated to advancing the Ethiopian‐Israeli community, adopting the following strategies:  Empowerment: A grassroots effort on a national scale, ENP involves the Ethiopian‐Israeli community at every stage of the creation, implementation and evaluation of ENP's programs.  A holistic approach: ENP programs take a “bigger picture" of the cultural, social and emotional challenges faced by Ethiopian‐Israeli teenagers that hinder their academic success.  Meeting unmet needs: ENP carries out an extensive mapping of existing programs and services to ensure that ENP programs are filling an unmet, critical need.

ENP Programs Two key initiatives are at the heart of ENP’s work: Scholastic Assistance (4,294 students in 20 cities): A holistic program providing supplementary hours of educational support to improve students’ achievements in core subjects, increase their motivation to learn and improve their self‐confidence. Youth Outreach Centers (20 centers serving 1,800 teens): Both at‐risk and normative Ethiopian‐Israeli teens have a second home at the centers, which offer a range of enriching, extra‐curricular activities, one‐to‐one emotional support and leadership opportunities. These initiatives are complemented by a range of further programs:  ENP‐Pre‐Atidim (142 students in 4 locations): Highly‐talented students who have the potential for academic excellence are encouraged to realize their dreams.  Leadership Development: Training Ethiopian‐Israeli activists at local and national levels to lead and transform the Ethiopian‐Israeli population into a strong and self‐sufficient community.  University Scholarships: ENP is continuing to provide Ethiopian‐Israeli medical students with scholarships to ease their financial burden during their intensive studies. Eight medical students received scholarships in 2011‐12.

The Board of Directors comprises 6 members. The Jewish Agency, JFNA, Keren Hayesod, the JDC and a representative organization of the Ethiopian community in Israel each appoint one director; the Chairman of the National Project Council, a steering committee including the Government, is ex officio the Chairman of the company.

The Jewish Agency’s representative on the Board of Directors is Rany Trainin.

CEO: Roni Akele.

Shares in the company are held as follows:

Share Shareholders Category Agency JFNA Keren JDC Ethiopian Agency JDC Total Hayesod Community subsidiary subsidiary Shares (Chayil) Issued Regular 1 1 1 1 1 5 Deferred 1 1 2

The National Project for the Ethiopian Community In Israel

Balance sheet (Thousands US $) 31.12 2012 2013 Current assets Cash and cash equivalents 3,676 2,747

Accounts receivable 204 41

3,880 2,789

Net Fixed assets 6 6

6 6

3,886 2,795 Current liabilities

Accounts payable 47 23

Service providers 1,522 1,143

1,569 1,166 Long - term liabilities

Employee obligations 1 3 Capital Share capital - -

Net assets Unrestricted 2,249 1,348

Used for fixed assets 6 6 Assets temporarily restricted 61 271

2,317 1,629

3,886 2,795

The National Project for the Ethiopian Community In Israel

Income and Expenditure (Thousands US $) 2012 2013 Income Amounts released from restriction 1,802 1,412 Government allocations 3,340 2,667 Others income 594 1,020 5,736 5,099 Operating Expenses Educational assistance ( 3,533) ( 3,695) Youth centers ( 1,113) ( 1,114) Others Operating Expenses ( 597) ( 582) ( 5,242) ( 5,390) Management and General ( 623) ( 708) Net Income (Deficit) before Financing ( 129) ( 999) Others expenses ( 5) 0 Net Financial (expense) Income ( 10) ( 30) Net Income (Deficit) After Financing ( 144) ( 1,030)

Misholei Hinuch (Ramat Hadassah Youth Village) Founded in 2004

The Ramat Hadassah Youth Village was established in 1949 by Henrietta Szold and her colleagues of the Hadassah organization. At its outset, it served as a temporary home for child survivors of the Holocaust and later absorbed children of olim from various countries. Since the 1990’s, the youth village has served as a home for youth who are in the at‐risk situation due to socio‐economic situation, aliyah difficulties, learning difficulties, etc. The pupils have normal developmental potential, yet are 3‐5 years behind their peers in terms of educational and personal development.

Vision of the village:  To maintain a leading youth village in Israel’s social educational sphere for the benefit of the children at risk.  To maintain a supportive environment for the village’s pupils ‐‐ a framework which allows every child to build a solid future according to his/her choices and abilities and assists in his/her integration in society, obtaining a profession and raising a family.

Main aims:  As high a level of education as possible, striving for “bagrut” or technological certificate.  Personal development of the pupil, for successful integration in life’s stages (army, study, etc.)

Population There are currently 280 pupils at the village, referred through the educational system or the family ‐‐ 110 in middle school, 170 in high school. Some 50% of pupils are in the special education track.

Personal learning plan The village provides a solution for children who are not at the same academic level as their peers. The first years in the village are dedicated to narrowing the gaps, the final goal being a full “bagrut”.

Educational tracks CNC (Computer Numerical Control), hospitality industry, agriculture, business, communications. Tracks combine the academic with the practical, so that a profession is acquired ‐‐ one of the life skills aimed at.

CNC college in Ramat Hadassah In the 2014‐2015 academic year, college‐level studies will be offered at the village for training practical engineers in the field of CNC. This allows pupils to specialize in this field in the IDF.

Achievements The village won the educational prize for the 2010‐2011 school year. It got first place in the “Research Projects in Israeli Security Field” competition. 90% of this past year’s graduates went on to serve in the IDF. 60% achieved a full “bagrut”. Lately village graduates have shown motivation to do a year of social service in various Israeli communities.

Social education and teaching of values The village emphasizes teaching of values. Among the basic values of the village: respect of others, personal reasonability, courage and friendship.

The following are the directors appointed by the Jewish Agency: Moshe Caspi, Mickey Dahav, Nir Lahav, Tali Zakael‐Pe'er, Dana Zaks. CEO: Michal Stern Shares in the company are held as follows: Shareholders Share category Total Shares issued Jewish Agency Jewish Agency subsidiaries: Israel Experience, Lalan, Chayil, Ahuzat Naim

Regular 6,660 ‐ 6,660 Deferred 3,330 4 3,334 30

Misholei Hinuch – Ramat Hadassah

Balance sheet (Thousands US $) 31.12 2012 2013 Current assets Cash and cash equivalents 540 741

Short-term deposits 137 430

Accounts receivable 1,438 175

2,115 1,346

Net Fixed assets 2,448 2,441

4,563 3,787 Current liabilities

Accounts payable 1,913 1,102

1,913 1,102 Long - term liabilities

Employee obligations 42 70

Capital 3 3

Temporarily restricted 17 18 Restricted by the Company 141 153

Used for fixed assets 2,448 2,441

4,563 3,787

Misholei Hinuch – Ramat Hadassah

Income and Expenditure (Thousands US $) 2012 2013 Income Village and boarding 4,422 5,047 School 1,956 1,954 Amounts released from restriction 17 22 6,395 7,023 Operating Expenses Village and boarding ( 4,064) ( 4,418) School ( 1,923) ( 2,130) Operation of cultural centers and projects ( 435) ( 468) Depreciation ( 222) ( 236) Others Operating Expenses 56 21 ( 6,588) ( 7,232) Net Income (Deficit) before Financing ( 194) ( 209) Net Financial expense -2 3 Net Income (Deficit) for the year ( 195) ( 207)

Kiryat Yearim Youth Village Founded in 2008

The company provides a structure for the partnership between Mr Avi Naor, the Association of Friends of Kiryat Yearim Switzerland, and the Jewish Agency in managing and upgrading the Kiryat Yearim youth village which was established in 1952 within the framework of Youth Aliyah. Located just outside of Jerusalem, Kiryat Yearim is home to 145 youngsters who have fallen out of regular educational frameworks and are recognized as children at high risk. These children lag far behind academically, emotionally and socially for their age group with learning disabilities arising from difficult socio‐economic conditions. A majority of the children’s families have gone through divorce or are single‐parent families.

About 60% of the village residents this year are of Ethiopian origin, 17% come from the Former Soviet Union and about 5% from South America. All the other residents are veteran Israelis.

The pupils arrived at the village with a scholastic lag of 3‐7 school years, and some even arrive in Grade 9 without knowing how to read and write. They all graduate with eligibility for a partial matriculation certificate, and 30% graduate with a full matriculation certificate which will enable them to go on to higher studies.

Along with the matriculation studies, a comprehensive process is done in the high school for evaluating learning disabilities among all the pupils. All the pupils undergo a psycho‐didactic evaluation in order to enable the school faculty to adapt the method and nature of teaching to each pupil according to their abilities and to assist according to their particular difficulties.

Board of directors: The following are the directors appointed by the Jewish Agency: Nir Lahav, Tali Zakael‐Pe'er. CEO: Roni Harnick

Shares in the company are held as follows:

Share Shareholders Total Category Agency RAMGGA Swiss Agency Subsidiaries Shares Association Chayil National Ahuzat Olamit Issued Company Naim Regular 100 100 100 100 100 100 100 700

Yearim Youth Village Balance sheet ($000) 31.12 2010 2011 Current assets Cash and cash equivalents 439 290 Accounts receivable 241 434 680 724 Net Fixed assets 621 954 1,301 1,678 Current liabilities Accounts payable 128 148 Other current liabilities 494 574 622 722 Net assets Used for fixed assets 620 954 Temporarily restricted 59 2 1,301 1,678

Income and Expenditure ($000) 2010 2011 Income Village & Dormitory 972 1,133 School 594 665 Contributions from interested parties 2,534 2,679 Amounts released from restriction 68 195 4,168 4,672 Operating Expenses Village & Dormitory ( 3,358) ( 3,504) School ( 693) ( 871) Depreciation ( 53) ( 108) Others Operating Expenses ( 69) ( 195) ( 4,173) ( 4,678) Net Deficit before Financing ( 5) ( 6) Net Financial income (expense) ( 1) 1 Net Deficit After Financing ( 6) ( 5) Others expense ( 3) 0 Net Deficit for the year ( 9) ( 5)

Ben Yakir Youth Village

The Ben Yakir youth village is an independent non‐profit organization, founded on January 1, 2014, owned by The Jewish Agency and run by a partnership between the Agency and Mr. Benny Levin, Chairman of the Board. Board members include representatives of The Jewish Agency, educational figures and financial experts. This model of ownership enables the village to create special programs and creative solutions for the benefit of the children.

In the past school year, from September 2013 to June 2014, there were 90 young men living in the village, ages 12‐18. Most of our boys are 'youth at risk', as the Ministry of Welfare and the Ministry of Education define them. They come from homes that suffer from a low socio‐economic situation, homes where the parents cannot function as responsible adults and many times suffer from drinking problems or do not provide a permanent income. That being said, all of Ben Yakir's students have full intellectual abilities.

65% of Ben Yakir students are of Ethiopian origin, most of whom having been born in Ethiopia and immigrated to Israel, sometimes leaving parents and other family members behind. In 30% of the student's households, both parents are unemployed. 11% of the students attended three or more schools before joining Ben Yakir, 7th graders included. The boys are referred to the village by the Ministry of Welfare and the Ministry of Education, by social workers in the community and lately also by word of mouth.

Being an educational and therapeutic village, Ben Yakir's staff is a combination of educational and therapy professionals. The boarding school staff includes an experienced manager – one that has a rich and full background in different roles in boarding schools, a team of young and enthusiastic counselors, a housemother and national service volunteers.

The therapeutic staff includes social workers, a psychologist, a nurse, an animal therapist, three horseback riding therapists and other therapy specialists. The head of therapy in Ben Yakir is an experienced social worker who is in charge of the therapy unit and dedicates hours working with the boarding school staff.

Quoting the vision of Ben Yakir: "The youth village will be a warm and loving home to its students, and give them a safe and optimal environment. The village values will be Zionistic and Jewish, democratic and humane. Ben Yakir youth village will help open broad horizons for its residents and assist them in acquiring academic and professional education".

The goal is to help the students believe in themselves and in the people around them ‐‐ help them build a prospect for their future and lend them a guiding hand in making their dreams come true, giving them the strength and the tools to do it on their own. 36

Board of directors: The following are the directors appointed by the Jewish Agency: Benny Levin – Chairman, Amizur Bar, Mickey Dahav, Emanuel Grupper, Amir Gutman, Shirly Klein, Hina Koren, Nir Lahav, Lea Rosenberg, Arnon Rund, Tali Zakael Peer, Dana Zaks. CEO: Moty Aduan

Shares in the company are held as follows:

Share Category Shareholders Total Shares Issued

Jewish Agency Regular 100 100

DOR – Camping Group: Developing Educational Opportunities for Russian Speaking Jews Founded in 2014

The Dor company was recently set up to manage and promote youth camps in the FSU, activity which up until now has been run directly through the Jewish Agency. Since 1991, the Agency‐run youth camps in the FSU have been a central feature of outreach to the younger generation of FSU Jews. In recent years, the camps have been reaching out annually to some 6,000 young Jews in 16 different countries. The overall annual budget is approx. $6 million. About 40% of camps are done in partnership with local communities and providers. The importance of the camps lies in providing transformative Jewish experiences for young people and fostering Jewish leadership.

The rationale behind running this activity through a company is to provide more dynamic, efficient and transparent management of the project. It will also allow the Agency to strengthen its relationship with some of the key local operators by allowing them representation on the board of directors. The transparency provided by the company structure is expected to improve the attractiveness of the camps project to potential donors.

Dr. Betsy Gidwitz, member of the Board of Governors as well as an expert in the field of post‐Soviet affairs, was chosen to serve as chairperson of the company.

Board of directors: The following are the directors appointed by the Jewish Agency: Dr. Betsy Gidwitz, – Chairperson, Rachel Abecassis, Amira Aharonovich, Deborah Lipson CEO: Michael Bogomolny

The company is fully owned by the Jewish Agency.

OLAMIT(WORLD OF SCHLICHUT) LTD.

Olamit Founded in 1999

The company manages Jewish education projects in the Diaspora with the aim of enhancing Jewish identity and strengthening the bond with Israel.

The Hayil Project

The Hayil Project supports the Jewish and Zionist curricula of selected Jewish schools in Europe, the USA, South America and Eastern Europe. In 2013, more than 800 program participants visited Israel through this framework.

The project is totally funded by the Israel Education Ministry. Its activities are determined by a joint professional steering committee of the Jewish Agency and the Government of Israel. The project has been operating since 1999.

The Morasha Project

The project is funded by the Ministry of Education and private donors and is run through the Israel Experience company. In 2013, approximately 1500 project participants visited Israel.

The Jewish Identity Project

The project aims to strengthen Jewish identity and identification with Israel among young people in Russia. The project is fully funded by the Jewish Agency.

Board of Directors: The current number of directors is 10, all of whom were appointed by the Jewish Agency which is entitled to appoint all the company’s directors. The following are the company’s directors:

Moshe Ashirie – Chairman, Riki August‐Cohen, Yosef Blau, Benny Lidsky, Sagit Mordechai Eisenberg, Yaacov Netanyahu, Emma Trachtenberg, Hagit Weiss, Weizman Yaakov, Aviva Zeltzer‐Zubida.

CEO: Moshe Ashirie

Shares in the company are held as follows:

Share Category Shareholders Total Shares Issued Jewish Agency Other: UIA, Chayil, Kupat Hayishuv, Moshe Enzel, Nahum Mirsky, Avraham Givon Regular 94 6 100

Olamit

Balance sheet (Thousands US $) 31.12 2012 2013 Current assets

Cash and cash equivalents 43 573

Accounts receivable (Chayil) 2,591 1,836

Accounts receivable (Morasha) 2,051 759

4,685 3,168

4,685 3,168 Current liabilities

Chayil project 2,611 2,271

Morasha project 2,031 857

Jewish Identity project 43 39

4,685 3,168

Income and Expenditure (Thousands US $) 2012 2013 Income Chayil project 2,832 2,618 Morasha project 4,778 5,999 Jewish Identity project 633 982 8,244 9,600 Operating Expenses Chayil project ( 2,792) ( 2,578) Morasha project ( 4,774) ( 5,918) Jewish Identity project ( 633) ( 982) Maintenance and operation ( 53) ( 102) ( 8,252) ( 9,579) Net Income (Deficit) before Financing ( 9) 21 Net Financial expense 9 ( 21) Net Income (Deficit) for the year ( 0) ( 0)

החברה הארצית לחינוך, פיתוח וקליטה בע"מ

The National Company for Education, Development and Absorption LTD

The National Company for Education, Development and Absorption Founded in 2001

The company manages the Joint Institute for Jewish Studies and is funded by the Prime Minister’s Office and the Jewish Agency.

The Joint Institute for Jewish Studies was established by decision of the Government of Israel in cooperation with the Jewish Agency following the recommendation of the Neeman Commission. The main objective of the Institute is to provide Israeli citizens who are not registered as Jewish with a variety of frameworks for enriching their knowledge about Judaism and, for those who are interested, assistance in the conversion process. Although the Institute’s teaching staff represents all streams in Judaism, the Institute provides a single agreed educational program. Participants who are approved by the official rabbinical courts for conversion receive a conversion certificate from the State of Israel which is recognized by all Jewish streams in Israel and overseas.

There are three main courses of study at the Institute: 1. Soldiers – Thousands of soldiers study a wide variety of courses. 2. Students – Studies consist of weekly meetings over the course of a year, on campuses around the country. 3. General Public – Two weekly meetings take place in communities around the country, for ten months, in a variety of languages.

Board of Directors: The current number of directors is 12, all of whom were appointed by the Jewish Agency which is entitled to appoint all the company’s directors. The following are the company’s directors:

Binyamin Ish‐Shalom – Chairman, Ofer Arussi, Sana Britavsky, Yoel David, Yehuda Gilad, Vera Golovensky, Aviad Hacohen, Reuven Hammer, Asher Hirsch, Gilad Kariv, Josh Schwarcz, Amnon Shapira.

Shares in the company are held as follows:

Share Category Shareholders Total Shares Issued Jewish Other: Agency UIA, Chayil, Idud, Kupat Hayishuv, Moshe Enzel Regular 95 5 100

The National Company for Education Development & Absorption Balance sheet ($000) 31.12 2011 2012 Current assets Cash and cash equivalents 1,150 2,005 Government 1,907 1,361 3,057 3,366 Other assets 1,104 1,340 4,161 4,706 Current liabilities Accounts payable 1,530 1,569 JAFI 1,247 1,483 2,777 3,052 Capital Share capital - - Net assets Unrestricted 1,121 1,368 Restricted by the Company 263 286 4,161 4,706

Income and Expenditure ($000) 2011 2012 Income Prime Minister's Office 5,843 5,728 JAFI 2,515 2,091 Other Income 0 55 8,358 7,874 Operating Expenses Salaries and benefits ( 3,042) ( 2,942) Institute of Jewish Studies ( 2,694) ( 2,653) Maintenance and operation ( 173) ( 180) Others Operating Expenses ( 2,421) ( 2,091) ( 8,330) ( 7,866) Net Income (Deficit) before Financing 28 8 Net Financial (expense) income ( 122) 192 Net Income (Deficit) for the year ( 94) 200

Beit Hatfutsot Founded in 1978

Beit Hatfutsot, the Museum of the Jewish People, is an internationally recognized cultural and educational institution that has transformed the story of the Jewish people into a multi‐dimensional experience of discovery for millions of visitors. Since opening its doors in 1978, Beit Hatfutsot has told the remarkable story of the Jewish People, engaging visitors of all ages and backgrounds, in the incomparable 4,000 year‐old narrative of Jewish continuity. Beit Hatfutsot nurtures a sense of belonging among Jewish visitors, strengthens Jewish identity, and fosters among all visitors an understanding of the Jewish people and support for Israel as the Jewish state.

Beit Hatfutsot is in the midst of a comprehensive multi‐year program of renewal which will culminate in the opening of the new Museum of the Jewish People in 2014.

Board of Directors: The current number of directors is 11 of whom 2 were appointed by the Jewish Agency and the WZO which are entitled to appoint 2 directors in all.

These directors are Yaron Neudorfer and Rany Trainin.

Chairman of the Board: Irina Nevzlin Kogan

CEO: Dan Tadmor

Shares in the company are held as follows:

Share Shareholders Total Shares Category Issued Agency/WZO Government Tel Aviv World Jewish of Israel University Congress Regular 6 10 6 4 26

Beit Hatfutsot Balance sheet (Thousands US $) 31.12 2012 2013 Current assets Cash and cash equivalents 1,081 2,098

Customers 344 363

Accounts receivable 1,032 1,114

Other current assets 194 183

2,651 3,758

Long-Term Investments 1,215 1,598

Net Fixed assets 20,679 23,666

21,893 25,264

24,545 29,022 Current liabilities Short-term credit from banks 268 288

Accounts payable 1,347 1,148

Other current liabilities 836 831

2,450 2,267 Long - term liabilities

Long-term loans - 864

Employee obligations 809 778 Used for fixed assets 20,679 23,666 Used in operating activities ( 747) ( 789)

Temporarily restricted 436 816

Permanently restricted 918 1,420

24,545 29,022

Beit Hatfutsot Income and Expenditure (Thousands US $) 2012 2013 Income From Operations 2,017 2,387 Donations and Grants 5,466 4,985 Amounts released from restriction 501 73 7,984 7,444 Operating Expenses For Operations ( 5,196) ( 4,250) Maintenance and operation ( 763) ( 947) Depreciation ( 646) ( 644) Others Operating Expenses ( 1,953) ( 2,181) ( 8,558) ( 8,023) Net Income (Deficit) before Financing ( 574) ( 579) Net Financial expense ( 86) ( 52) Net Income (Deficit) for the year ( 660) ( 631)

The Weitz Center Founded in 1963

The mission of the Weitz Center for Development Studies, located in Rehovot, is to build and strengthen the capacities of development professionals from developing countries, permitting them to carry out more efficiently socio‐economic development programs. These activities serve to empower decision‐ makers and community leaders who participate in improving the life of their citizens.

The Weitz Center for Development Studies has accumulated 50 years of experience in development, making the traditional Jewish concept of healing the world (tikun olam) a contemporary reality. In this framework, the Weitz Center provides high quality trainings in partnership with Israel's Agency for International Development Cooperation (MASHAV). The courses' objective is to mobilize the Israeli experience of development and adapt it to emerging regions. Each year, approximately ten 25‐day long courses take place. Thirty professionals from developing countries working in international agencies, governments, communities, civil society and private sector organizations attend each course. Training contents are related to tackling the local economic development process, strengthening planning and management at municipal level, leveraging environmental assets for community development, Green Growth & clean‐Tech among others. Some of the courses are conducted in collaboration with International organizations as: UN‐HABITAT, UNIDO, UNEP and the World Bank Group.

Benefiting from a network of almost 5000 graduates, The Weitz Center also offers Tailor‐made Professional Visits in Israel, as well as on‐site Consultancy Projects abroad, in the fields of Local Economic Development, Rural Development, Municipal Planning and Management; and Green Growth policies. These methodologies provide decision‐makers, officials and professionals the opportunity to be exposed

to relevant Israeli development success in the thematic such as agricultural value chain upgrading, clean technologies, small and medium enterprises (SME) promotion, and more.

The Weitz Center also collaborates with Local and International organizations such as: Ministry of Economy: Shared efforts and promotion of Resource Efficiency and Clean Production in Israel. UN‐HABITAT: *The Israeli Ministry of Housing contracted the Weitz Center to build and operate the Israeli booth "Urban Israel" at the World Urban Forum WUF7, held in Colombia in April 2014.; the Weitz Center took part in the Urban Equity and Development Conference. *Additional International cooperation includes sharing lessons learnt from the Weitz Center ‐ UN‐Habitat Lakefront Development Project in Kisumu‐Kenya.

UNIDO & UNEP: The Weitz Center is new member of the RECPnet a UNIDO‐UNEP network that operates as a global networking initiative bringing together organizations that are professionally involved in and committed to the promotion and implementation of Resource Efficient and Cleaner Production (RECP) in developing and transition countries.

World Bank Group: Collaboration with the Climate Change Unit on the E‐Course “Policy Instruments for Low Emissions Development: From Strategy Design to Implementation” during the "Green Growth Policy Measures & Implementation Tools” International course held by the Weitz Center on June‐July 2014.

Yitzhak Lax – Chairman, Yonatan Ariel, Shafrira Belek, Shlomo Fox, Yaron Jacobs, Yitzhak Mina, Ruby Nathanson, Hila Oren, Vered Ron‐Tal, Eliezer Sandberg, Shalom Shlomo, Aviva Zeltzer‐Zubeida.

CEO: Adi Dishon The company is a non‐stock company with limited liability of its members. The members are Keren Hayesod and the World Zionist Organization. 47

Weitz Center

Balance sheet (Thousands US $) 31.12 2012 2013 Current assets Cash and cash equivalents 69 75

Short-term investments 57 52

Accounts receivable 18 16

144 142

Net Fixed assets 72 66

216 208 Current liabilities

Accounts payable 115 158

Other current liabilities 93 25

208 183 Long - term liabilities

Long-term loans 103 110

Employee obligations 2 1 Capital Net assets Unrestricted ( 236) ( 214)

Used for fixed assets 72 66

Permanently restricted 67 63

216 208

Weitz Center

Income and Expenditure (Thousands US $) 2012 2013 Income Income 665 709 Amounts released from restriction 11 5 677 714 Operating Expenses Salaries and benefits ( 185) ( 220) Israel training expenses ( 388) ( 316) Maintenance and operation ( 115) ( 128) Others Operating Expenses ( 20) ( 15) ( 709) ( 680) Net Income (Deficit) before Financing ( 32) 34 Net Financial expense ( 6) ( 7) Net Income (Deficit) After Financing ( 38) 27 Correction from previous years income 45 0 Net Income (Deficit) for the year 7 27

Israel Museum Founded in 1969

The Israel Museum is Israel’s largest cultural institution and is considered one of the world’s leading art and archeology museums. Featured prominently is Jewish material culture ‐‐ religious and secular ‐‐ from Jewish communities around the world. In the summer of 2010, the Israel Museum completed a renewal project which greatly enhanced the visitor’s experience.

Highlights of the museum campus are the Shrine of the Book, which houses the Dead Sea Scrolls, and the model of Jerusalem in the Second Temple Period.

The involvement of the Jewish Agency and the World Zionist Organization in the Israel Museum is based on the historic role these institutions played in the cultural history of the Jewish People and the State of Israel.

Adv. Yitzhak Molcho is the Chairman of the board of directors of the Israel Museum and the CEO is Mr. James Snyder.

The Jewish Agency’s shareholding in the Israel Museum company is 14% and it is represented on the board of directors by Aaron Abramovich and Josh Schwarcz.

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 units) and the second largest in the field of public housing (14,000 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 new immigrants, senior citizens and Holocaust survivors. Since its establishment, the company has provided more than 60,000 housing solutions to these populations. Approximately 90% of the residents of Amigour's 57 senior citizen homes

Facing the growing social gaps in Israel, Amigour is the Jewish Agency’s operating arm for strengthening Israeli society through helping vulnerable populations, especially new olim and Holocaust survivors.

Within the framework of the 1999 agreement with the Government of Israel on the sale of public housing, Amigour has sold to tenants almost 9,600 JAFI/UIA apartments as well as more than 3,500 government‐owned apartments. About 9,400 apartments have already been sold to the Government. Between 1999 and 2014, the proceeds to the Jewish Agency from these sales amounted to approximately $643 million, at an annual rate of approximately $44 million. The operation of apartments transfer to the government is expected to be completed first quarter of 2015.

In recent years, Amigour has succeeded in generating surpluses from its operations, despite the above‐ mentioned sale of apartments to tenants or to the government.

Amigour’s Activities during the Protective Edge Operation During the Protective Edge Operation, many thousands of residents connected to Amigour were exposed to rocket fire: 2,200 residents of seniors homes in the South and some 8,000 families living in public housing managed by Amigour in the South.

At the outset of the Operation, Amigour went into emergency operation in order to respond to the needs of tenants in its facilities, especially those in public housing for the elderly. Staff was increased, and works hours and shifts lengthened, cultural and music activities were run to help relieve tension, and Amigour employees assisted the seniors with needs that arose. Amigour opened and readied all the bomb shelters and secure spaces in the South that are under its management, renovating hundreds of shelters, including in the public housing complexes. The company purchased necessary emergency equipment (mattresses, lighting, first aid kits, water, etc.) so that the shelters would be livable for longer periods, which in the case of seniors is often required.

In addition, Amigour carried out its role as the contractor for the government’s Property Tax Bureau in the rehabilitation of war damage caused to the private homes. Amigour worked speedily and efficiently so that people whose homes were damaged could return as soon as possible.

Management Agreement with the Government – Amigour has signed a management agreement with the Government for the management of public housing apartments which are being transferred to state ownership. At the end of the process, Amigour will be managing around 14,000 state‐owned housing units, in a wide geographic distribution. Without such a management agreement, there was an immediate 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.

Reinforcing the City of Sderot and the Gaza periphery ‐ Following the Government decision to provide bomb‐proof rooms in 5,000 residential units in Sderot and the communities close to the Gaza Strip, Amigour was chosen to run and supervise the project which has a Government budget of 600,000,000 NIS. The project was completed, on time and within the allotted budget.

The Government recently decided to expand this project and reinforce residential units in the communities located 4 to 7.5 km. from the Gaza border. Amigour was asked to manage half of the project, involving 150 million shekels (40 million of which from donations raised by the Jewish Agency), to be carried out over 3 years.

Adapting absorption centers for public housing – Amigour has completed the adaptation of five Jewish Agency absorption centers for public housing in the cities of Beersheba, Haifa, Lod, Kfar Sava and Ashkelon and the residents have moved in. This project is providing 600 housing solutions for seniors and single mothers.

Nursing Homes – Amigour runs four nursing homes, providing nursing care to 140 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 construction work was made possible through the assistance of Keren Hayesod and the Paktor family from Holland.

Renewed Construction of public housing for seniors – The Jewish Agency, through Amigour, is building public housing for seniors and is thus the first to respond to the call for increased public housing that was the focus of the demonstrations of the summer of 2011. The company is in the midst of building 300 new residential units for seniors in the center of Israel, where those units are most needed:

71 units in Kiryat‐Ono, 101 units in Kfar‐Saba, 110 units in Tel‐Aviv and in Jerusalem supported by the Welfare Department of the municipality of Jerusalem and the Minister of Housing, Amigour will convert two floors of parking space in a Talpiot building into 38 apartments.

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 current number of directors is 11 who were appointed by the Jewish Agency which is entitled to appoint all the company’s directors. The following are the company’s directors: Arieh Abir – Chairman, Eran Agai, Eli Barda, Yitzchak Brick, Yaacov Lerer, Avigdor Maoz, Amiram Massas, Barbara Promislow, Josh Schwarcz, Moshe Shiff, Shmuel Siso. CEO: Yuval Frenkel Shares in the company are held as follows: Share Category Shareholders Total Shares Jewish Agency UIA WZO Agency Subsidiaries: Lalan, Issued Idud, Chayil Founder 1 1 Regular 1999994 1 1 3 1999999

Amigour Balance sheet (Thousands US $) 31.12 2012 2013 Current assets

Cash and cash equivalents 266 264

JAFI 3,749 2,481

Ministry of housing 6,308 6,451

Accounts receivable 416 371

10,739 9,566 Long - term assets

JAFI 11,370 11,122

Deposits and loans 2,122 1,840

Employees 85 68

13,578 13,030

Net Fixed assets 518 567

24,835 23,164 Current liabilities

Checks payable by JAFI 4,790 4,223

Other current liabilities 3,816 2,655

8,606 6,878 Long - term liabilities Liabilities for deposits from renters 1,611 1,961

Deposits for loans to the buyers 2,029 1,792

Obligation to register Apartments 701 844

Employee obligations 11,370 11,122

15,711 15,719 Capital Share capital - -

Used for fixed assets 518 567

518 567

24,835 23,164 54

Amigour

Income and Expenditure (Thousands US $) 2012 2013 Income Receipts from property management 19,822 20,948 Sales fee 12 78 Management fees 2,720 3,319 22,554 24,345 Expenses Operating Expenses ( 14,287) ( 15,520) Management and General ( 4,208) ( 4,712) Capital loss on sale of assets ( 13) ( 6) Depreciation ( 114) ( 163) ( 18,622) ( 20,400) Net Income 3,932 3,945

Amigour 2000 Founded in 1999

The company is a commercial offshoot of Amigour, providing maintenance and management services to commercial and educational facilities.

The current number of directors is 11 who were appointed by the Jewish Agency which is entitled to appoint all the company’s directors.

The following are the company’s directors: Arieh Abir – Chairman, Eran Agai, Eli Barda, Yitzchak Brick, Yaacov Lerer, Avigdor Maoz, Amiram Massas, Barbara Promislow, Josh Schwarcz, Moshe Shiff, Shmuel Siso.

CEO: Yuval Frenkel

Shares in the company are held as follows:

Share Category Shareholders Total Shares Issued Jewish Agency Amigour Regular A 199 199 Regular B 1 1

Amigour 2000 Balance sheet (Thousands US $) 31.12 2012 2013 Current assets Cash and cash equivalents 673 1,555

Customers 103 13

Accounts receivable 1 5

777 1,572

Net Fixed assets 3 2

779 1,574 Current liabilities

Accounts payable 287 340

Other current liabilities 123 135

410 475 Long - term liabilities

Employee obligations 15 14 Capital

Share capital 354 1,085

779 1,574

Income and Expenditure (Thousands US $) 2012 2013 Income Management and maintenance 71 81 Rentals 520 718 591 799 Operating Expenses Management and General ( 7) ( 2) Others Operating Expenses ( 143) ( 135) ( 150) ( 137) Net Income before Financing 441 662 Net Financial income 14 11 Net Income After Financing 455 674 Others income 44 3 Net Income for the year 499 677

Real Estate Participations Founded in 1968

Real Estate Participations was established by the Jewish Agency in order to provide marketing and management services for properties purchased by Jewish investors from abroad. The company, through its four branches, manages 150 commercial properties on approximately 500,000 sq.m. throughout the country. These properties include office space, commercial centers, logistic centers and industrial buildings. The properties are owned by public and private companies and institutions. The occupancy rate in the properties reaches 98% and collection levels stand at 99%.

Fields of company expertise: a. Rental and sale management: marketing of properties, negotiations, contracts, collection, etc. b. Maintenance management (ongoing and preventative). c. Managing property registers: arrangement of rights, monitoring planning processes, protecting proprietary rights, municipal taxes. d. Promoting zoning plans and development management: maximization of property values through examination of potential, furthering zoning plans, changes of designation. e. Construction management: projects built by the company include the City Engineering Building in Haifa of approximately 30,000 sq.m., the Kimberly‐Hogla distribution center and the Gad Dairies distribution center in Zrifin, among others.

Over the last year, the company has signed many new management contracts: 1. The company will manage the rental and maintenance of the office and commercial project “V Center” owned by the Bir Globe company, involving 22,000 sq.m., located at the Kiryat Ata Junction, Haifa. 2. REP won the tender to assist the Bank of Israel in managing maintenance of 2 buildings with an overall area of 11,000 sq.m. ‐‐ one building in Jerusalem and one in Tel Aviv. 3. A management agreement was recently signed for the maintenance of the “Lev Harama” project which includes a commercial center and an office building, with an overall area of 14,000 sq.m. It is owned by Milimor and being built in Beit Shemesh. 4. Following extensive negotiations, the company signed a management agreement for the “Beit Galim” office project with an overall area of 11,000 sq.m. on Jaffa St. in Haifa. 5. A management contract was signed for the rental and maintenance of student dormitories (60 units) being built in Kiryat Ono. 6. REP will manage the maintenance and logistics for the “Micha” Center (assistance to hearing impaired) in Tel Aviv, with an area of 3,500 sq.m. 7. The company has signed a contract to register the rights of the Israel Postal Company in 70 properties.

New projects to be maanged by REP:

Board of Directors: The current number of directors is 11 who were appointed by the Jewish Agency which is entitled to appoint all the company’s directors. The following are the company’s directors: Avigdor Maoz – Chairman, David Baruch, Yosef Gottesman, Yaacov Edri, Menachem Granit, Moshe Klachin, Freddy Malek, Ronen Marom, Haim Mevorach, Yaron Neudorfer, Alon Siso. CEO: Sharon Gambasho

Shares in the company are held as follows:

Share Shareholders Total Shares Category Issued Jewish WZO Amigour Idud chayil Lalan Kupat Agency Hayishuv Regular 381995 1 1 1 1 1 1 382001

Sketch of “Lev Harama” project, Beit Shemesh

“Beit Galim”, Haifa

Real Estate Paricipations In Israel

Balance sheet (Thousands US $) 31.12 2012 2013 Current assets Cash and cash equivalents 6,477 7,352 Related parties 521 371 Short-term deposits 3,422 3,641 Accounts receivable 1,063 1,450 11,483 12,814 Long - term assets Property owners and owners participation certificates 1,626 1,710 Long-term deposits 2,474 2,711 4,099 4,421 Real estate investment 3,315 4,644 Intangible assets 127 108 Net Fixed assets 111 107 19,136 22,094 Current liabilities Accounts payable 3,006 4,162 Related parties 2,081 1,592 Suppliers 1,555 1,893 6,641 7,646 Long - term liabilities To Participants 1,132 1,184 Loans from banks 3,286 3,601 Tenant Deposits 2,307 2,666 Employee obligations 379 260 Capital Share capital 5,390 6,737 19,136 22,094

Real Estate Participations in Israel

Income and Expenditure (Thousands US $) 2012 2013 Income Proceeds from assets 45,733 49,077 Less Payments to participants and property owners ( 41,346) ( 44,057) 4,387 5,020 Operating Expenses Salaries and benefits ( 2,343) ( 2,598) Others Operating Expenses ( 1,321) ( 1,285) ( 3,664) ( 3,883) Net Income before Financing 723 1,137 Net Financial income 198 320 Net Income (Deficit) for the year 920 1,457

Sketch of V Center, Haifa

Idud Founded in 1944

Idud’s principal area of activity is the collection of loans that had been provided by the Jewish Agency to the rural sector and to olim. It operates through the following departments:

* Department for Collection and Customer Service ‐ Collection of loans in the rural sector: handling debts from individuals and rural associations through ongoing collection; providing information to outside bodies such as Arrangements Authority, Agency’s Assets Management Division. ‐ Collection of rent and provision of services for olim in absorption centers: ‐ Contracts & securities: Transfer of rights from residents of moshavim and community villages; decisions on “next generation rights” in moshavim; approvals of initial land use; handling mortgages; assistance to authorities such as betterment tax, local authorities, ILA, land registration. ‐ Pro‐active collection and handling of debts: collection of debts from the rural sector; collection of debts from the “absorption basket”; collection of debts from Student Authority loans; collection of debts from absorption center rental. * Legal Department * IT Department * Accounting Department

Board of Directors: The current number of directors is 10 who were appointed by the Jewish Agency which is entitled to appoint all the company’s directors. The following are the company’s directors:

Elad Meiri – Chairman, Moshe Ashirie, Shmuel Bahat, Avi Barak, Shlomo Binyamin, David Even‐Tzur, Ittamar Herman, Aviv Maman, Eyal Regev, David Roche. CEO: Uri Illes

Shares in the company are held as follows: Share Category Shareholders Jewish Agency Jewish Agency subsidiaries: Total REP, Amigour, Lalan, Kupat Hayishuv, Chayil Shares Issued Founder 2 2 Regular 29997995 5 29998000

Idud Balance sheet (Thousands US $) 31.12 2012 2013 Assets Cash and cash equivalents 137 175

JAFI 1,417 600

JAFI liability loans 2,049 1,857

Offices and equipment 1,035 1,039

Accounts receivable 585 1,216

5,223 4,887 liabilities

Accounts payable 656 439 Deposits for loans from JAFI 2,049 1,857

Employee obligations 1,544 1,542

4,249 3,839 Capital

Share capital 975 1,048

5,223 4,887

Income and Expenditure (Thousands US $) 2012 2013 Operating Expenses Salaries and benefits ( 1,652) ( 1,596) Others Operating Expenses ( 661) ( 676) ( 2,314) ( 2,273) Completion of employee obligations Other income 24 241 Net Income (Deficit) After Financing ( 2,289) ( 2,031) Receipts from various sources to cover expenses 609 580 JAFI Participation 1,680 1,451 Net Income (Deficit) for the year 0 0

International Convention Center Binyaney Ha’ooma Founded in 1950

The International Convention Center is the largest convention center in Israel and hosts many large‐scale events. Due to its unique structure, the facility can hold several events at the same time. Each year the ICC hosts art fairs showcasing new and young artists. Several of the Jewish world's major events take place at the ICC such as the World Zionist Congress, the GA, Birthright gatherings, etc. The Facility:  The ICC is located at the entrance to Jerusalem.  27 halls of various sizes allow great flexibility, holding from 20 to 10,000 people.  The halls are equipped with up‐to‐date technology for events such as conferences, conventions, fairs, seminars, social gatherings, business events and private events.  The Ussishkin Auditorium is the largest such hall in Israel, seating 3,000.  There are 12,000 sq. m of exhibition and hall space in 10 areas on two floors.  There are 850 parking places next to the building, including covered parking. Services: Communications, security and ushers, stage services, design services and catering. The facility is wheelchair accessible. Major events recently held at ICC: Jerusalem Seminar on Architecture, International Book Fair, Israel Prize ceremony, Conference of Israel‐Australia Chamber of Commerce, The Presidential Conference, Sar‐ El conference, NDS Convention, International Conference on Health Policy, International Conference of Hematology, 86th Tourism Session of the OECD, “Alternateva” Fair, “Mibreshit” international quiz, International Conference on Teaching the Holocaust, General Assembly of North American Jewish Federations, The Prime Minister’s Conference on Exports. Board of Directors: The current number of directors is 16 of whom 8 were appointed by the Jewish Agency which is entitled to appoint 8 directors in all. The remaining directors are appointed by the Jerusalem Municipality. The following are the directors appointed by the Jewish Agency: Amos Mar Haim ‐ Acting Chairman, Moshe Ashirie, Yuval Frenkel, Eli Gonen, Avraham Knobel, Chaim Mevorach, Hanan Mor, Josh Schwarcz, CEO: Mira Altman Shares in the company are held as follows:

Share Category Shareholders Total Shares Issued Jewish Keren Jerusalem Agency Hayesod WZO KKL Development Others Authority Preference 0.05 300 1,018 1,318 Redeemable 162,680 911,800 1,074,480 Preference Founder 0.005 7 7 14 Founder 25 Shekel 1,362,083 1,362,083 Unified Founder 25 810,822 16 36 1 810,875 Shekel Transferable 15,228 15,228 Special 41,973 41,973

International Convention Center Binyanei HaUma

Balance sheet (Thousands US $) 31.12 2012 2013 Current assets Cash and cash equivalents 3,111 4,599

Customers 998 799

Accounts receivable 61 127

4,170 5,526

Net Fixed assets 50,279 52,975

54,449 58,501 Current liabilities

Accounts payable 1,391 845

Other current liabilities 528 682

1,919 1,527 Long - term liabilities

Long-term loans 223 396

Employee obligations 258 309 Capital

Share capital 52,048 56,269

54,449 58,501

International Convention Center Binyanei HaUma

Income and Expenditure (Thousands US $) 2012 2013 Income Rentals and Parking 5,298 6,295 Franchises 284 275 Services and Variance 2,172 2,659 7,753 9,230 Operating Expenses Salaries and benefits ( 1,421) ( 1,759) Security and other services ( 1,713) ( 2,151) Maintenance and operation ( 1,798) ( 2,044) Depreciation ( 1,855) ( 1,982) Others Operating Expenses ( 1,000) ( 1,053) ( 7,787) ( 8,990) Net Income (Deficit) before Financing ( 34) 240 Net Financial expense ( 14) 6 Net Income (Deficit) After Financing ( 48) 246 Others (expense) income ( 217) 35 Net income (Deficit) for the year ( 264) 281

The Spirit of Israel Founded in 1997

The Spirit of Israel was established by the Jewish Agency and Keren Hayesod with the aim of developing social responsibility among Israelis. The company assists needy populations and brings about change in the lives of children‐ and youth‐at‐risk, new immigrants and needy seniors, by means of contributions from businesses, private donors and philanthropic funds.

The Spirit of Israel has attracted a large network of dedicated volunteers ‐‐ businessmen, educators, culture and sports figures ‐‐ who give of their time, knowledge and resources.

Thousands of children‐ and youth‐at‐risk have been assisted through the Spirit of Israel’s support of therapeutic, social and educational programs. The Spirit of Israel has brought about a positive change in the Jewish Agency’s youth villages with the assistance of donors and volunteers while helping the youths’ educational and social advancement. The Spirit of Israel supports programs which bridge the economic and social gaps, providing Ethiopian Israeli children with equal opportunities for success and empowerment programs for children, youth and their families, through the “Youth Futures” programs and others.

The volunteers together with the professional team of the Spirit of Israel specialize in initiating and developing partnerships among the various sectors of society, including businesses, government bodies and social organizations. This is with the aim of enabling any person or body interested in contributing towards a change in Israeli society to find the program that most suits them and to maximize the resources available.

Board of Directors: The current number of directors is 15, all of whom were appointed by the Jewish Agency, which is entitled to appoint all the company’s directors.

The following are the company’s directors:

Joel Koshitzky – Chairman, Irit Admoni‐Perlman, Avraham Bigger, Tal Brody, Moshe Bronstein, Nicky Capelouto, Misha Galperin, Alan Hoffmann, Gil Illutovich, Shaul Lifschitz, Ronen Moas, Ruti Oren, Richard Pearlstone, Mati Shem Tov, Eli Zahav.

CEO: Mickey Dahav

Shares in the company are held as follows: Share Category Shareholder Total Shares Issued Jewish Agency 200 200 200

The Spirit of Israel

Balance sheet (Thousands US $) 31.12 2012 2013 Current assets Cash and cash equivalents 1222 1302 Income receivable 24 20 Accounts receivable 50 58

1,296 1,379

Net Fixed assets 10 19

1,306 1,398 Current liabilities

Accounts payable 144 201

JAFI 110 88

255 289 Long - term liabilities

Used for fixed assets 10 19 Used in (Deficit) ( 69) ( 96)

Temporarily restricted 1,084 1,159 Permanently restricted 26 27

Total net assets Unrestricted 1,052 1,109

1,306 1,398

Income and Expenditure (Thousands US $) 2012 2013 Income JAFI 632 651 Donations and Grants 2,289 2,235 2,921 2,886 Operating Expenses Special operations transfers ( 1,994) ( 2,216) ( 1,994) ( 2,216) Operating Profit 927 670 Management and General ( 751) ( 689) Net Income before Financing 176 ( 18) Net Financial income (expense) 4 ( 3) Net Income (Deficit) for the year 180 ( 21)

Lalan Data Processing Founded in 1978

The company provides information technology services to the Jewish Agency in Israel and overseas, to the WZO and to a number of Jewish Agency subsidiary companies.

Board of Directors: The current number of directors is 9 who were appointed by the Jewish Agency which is entitled to appoint all the company’s directors.

The following are the company’s directors:

Yigal Ben Shalom – Chairman, Robert Avramov, Eli Ben Eliezer, Elena Diamant, Varda Kalal, Hanan Mor, Baruch Netach, Iris Shapira Yalon, Rinat Tamir.

CEO: Dov Yahav

Shares in the company are held as follows:

Share Category Shareholder

Jewish Agency Regular 990 Regular A 10

Lalan

Balance sheet (Thousands US $) 31.12 2012 2013 Current assets Cash and cash equivalents 85 258

Customers 1,101 904

Accounts receivable 304 107

1,491 1,270 Long - term assets

JAFI 1,336 1,436

Others assets 36 37

1,372 1,473

Intangible assets 5 3

Net Fixed assets 154 122

1,531 1,598

3,022 2,868 Current liabilities

Accounts payable 529 442

Other current liabilities 882 736

1,411 1,177 Long - term liabilities

Employee obligations 1,391 1,474 Capital

Equity 219 216

3,022 2,868

Lalan

Income and Expenditure (Thousands US $) 2012 2013 Income Income 6,491 6,537 6,491 6,537 Operating Expenses Salaries and benefits ( 2,910) ( 3,204) Costs for hardware ( 2,726) ( 2,413) Others Operating Expenses ( 416) ( 436) ( 6,052) ( 6,053) Management and General ( 450) ( 504) Net Income(Deficit) before Financing ( 11) ( 20) Net Financial (expense) income 1 ( 2) Net Income (Deficit) After Financing ( 10) ( 22) Others income ( 39) 3 Net Income for the year ( 49) ( 19)

Pension and Provident Fund Founded in 1958

The company manages a pension fund and provident fund for employees of the Jewish Agency and the WZO who began their term of employment before 1995.

Board of Directors: The following 5 directors were appointed by the Jewish Agency which is entitled to appoint 5 directors in all:

Moshe Ashirie, Uri Illes, Modi Kenigsberg, Bella Resnick, Iris Stark. Chairman: Aaron Abramovich CEO: Chaim Mevorach

Shares in the company are held as follows:

Share Category Shareholders Total Shares Issued Jewish Agency Agency Private Employees individuals Organization Founder 1 1 2 Deferred 6 6

Pension and Provident Fund

Pension Found Balance sheet (Thousands US $) 31.12 2012 2013 Current assets

Cash and cash equivalents 45,715 40,170 Direct Government Assistance for the current year 6,708 7,571

Accounts receivable 3,906 5,608

56,329 53,350

Jafi 220,364 184,167 Investments

Non-Marketable Securities 209,404 195,048

Marketable Securities 294,718 350,391

Deposits 52,434 57,404

Land 346,881 365,455

Total Investments 903,437 968,298 Less Other liabilities ( 2,071) ( 2,287)

Net Fixed assets 1,508 -

Total Assets 1,179,567 1,203,527

Pension Liabilities 1,258,893 1,296,687 Net Future Rights 2,112 ( 4,044) Direct Government Assistance ( 81,438) ( 89,117)

1,179,567 1,203,527

Pension and Provident Fund

Pension Found Income and Expenditure (Thousands US $) 2012 2013 Income From Cash and cash equivalents 158 ( 46) From Government Assistance 6,496 7,277 From Investments Non-Marketable Securities 14,970 5,381 Marketable Securities 26,669 16,734 Deposits 4,944 2,912 Land 31,023 21,927 84,260 54,186 Management Expenses ( 2,116) ( 2,337) Marketable Securities Commissions ( 97) ( 106) Income Tax On Securities ( 76) ( 56) ( 2,289) ( 2,499) Net Income for the year 81,971 51,687

Provident Fund Balance sheet (Thousands US $) 31.12 2012 2013 Investments Cash and cash equivalents 17,105 10,490

Marketable Securities 97,153 104,099 Non-Marketable Securities 288 274

Stocks 8,377 10,549

Others 1,438 3,362

124,361 128,773 Accounts receivable Net Fixed assets - - Total Assets - -

124,361 128,773

Members Rights 124,333 128,761 Payables 28 12

124,361 128,773

Income and Expenditure (Thousands US $) 2012 2013 Income From Cash and cash equivalents 87 43 From Investments 0 0 Marketable debt instruments 9,390 4,411 Non-Marketable debt instruments 5 24 Stocks 526 33 Others 832 619 10,841 5,130 Management Expenses ( 442) ( 488) Securities Commissions ( 59) ( 55) Depreciation ( 1) 0 Taxes ( 27) ( 23) ( 528) ( 566) Net Income for the year 10,313 4,564

Kupat Hayishuv Founded in 1965

The company provides medium term loans to employees of the Jewish Agency, the WZO and Keren Hayesod.

Board of Directors: The current number of directors is 8 who were appointed by the Jewish Agency which is entitled to appoint all the company’s directors.

The following are the company’s directors:

Moshe Shiff – Chairman; Shalom Allenstein, Moshe Ashirie, Debbie Azran, Haim Benazaraf, Uri Illes, Rami Kornblum, Hanan Mor.

CEO: Chaim Mevorach

Shares in the company are held as follows:

Share Category Shareholders Total Shares Issued Jewish Agency Subsidiaries: Otzar WZO Agency Amigour, Lalan, Idud, Hayishuv Chayil Regular 121996 4 28000 100000 250000

Kupat Hayishuv Balance sheet (Thousands US $) 31.12 2012 2013 Current assets Cash and cash equivalents 1,314 1,526

Loans 2,519 2,564

3,833 4,090 Current liabilities

Other current liabilities 101 59

101 59 Deposits from:

JAFI 2,624 2,834

World Zionist organization 696 752

Keren Hayesod 412 445

3,732 4,031 Capital Share capital - -

3,833 4,090

Income and Expenditure (Thousands US $) 2012 2013 Income Financial 66 87 66 87 Operating Expenses Salaries and benefits ( 49) ( 53) Financial ( 3) ( 20) Others Operating Expenses ( 14) ( 15) ( 66) ( 87) Net Income for the year 0 0

Israel Economic Development Company (Chayil) Founded in 1959

The company is a holding company for the Jewish Agency.

It holds one share (from 100) in each of the IEF companies as well holdings in the following companies:

 Yitzur U'Pituach  PASA  Kupat Hayishuv  Masa  The National Project for the Ethiopian Community in Israel  The Ramat Hadassah Szold Youth Village  Rural Industrialization  The Israel Experience  Ahuzat Naim  Real Estate Participations  Amigour  Olamit  Yearim Youth Village  The Silverstone Foundation for Youth  Idud  National Company for Education, Development and Absorption

Board of Directors: The current number of directors is 4 who were appointed by the Jewish Agency which is entitled to appoint all the company’s directors.

The following are the company’s directors:

Moshe Ashirie – Chairman, Shalom Allenstein, Shlomo Fox, Yitzhak Zilka.

Shares in the company are held as follows:

Share Category Shareholders Total Jewish Other: Shares Agency Amigour, Idud, Lalan, Issued Kupat Hayishuv, WZO, Zvi Lurie Founder $1 100 100 10 Regular A $1000 5000 5000 5000 Regular B $1 100 6 106

Israel Economic Development Company (Chayil)

Balance sheet (Thousands US $) 31.12 2012 2013 Current assets Cash and cash equivalents 126 92

Investments 50,051 53,829

50,178 53,922 Current liabilities

Accounts payable 20 22

50,198 53,943 Current liabilities

Accounts payable 71,357 78,074

71,357 78,074 Capital

Share capital 3,205 3,447 Deficit ( 24,364) ( 27,577)

50,198 53,943

Income and Expenditure (Thousands US $) 2012 2013

Income 0 0 0 0 Operating Expenses Others Operating Expenses ( 1,404) ( 1,322) Net Income (Deficit) for the year ( 1,404) ( 1,322)

Israel Education Fund Companies Overview

Since the mid‐1960s, the Israel Education Fund (IEF) of the Jewish Agency has been instrumental in the establishment of some 1,500 capital projects. These projects are to be found throughout the country: they include community centers, public libraries, pre‐school facilities, schools, regional colleges, teacher‐ training colleges, sports facilities and auditoriums.

At the inception of the IEF a number of practices were instituted to satisfy the requirements of the donors and the United States tax authorities. Thus, the latter required that projects established through the fund should be controlled or managed by a non‐governmental body. Consequently, all IEF projects are controlled and managed in one of two ways:  By local charitable organizations (amutot) or national non‐profit organizations such as WIZO, Naamat, ORT.  By companies controlled by the Jewish Agency.

These two “models” – amutot or companies ‐ have been applied as well to IEF projects funded from Keren Hayesod countries: Canada, South Africa, Australia, South America, Europe.

Another practice instituted from the outset was to receive a contractual commitment from the local authority in which the IEF project was established. This commitment, endorsed by the Ministry of the Interior, requires the local authority to provide the resources necessary to ensure the continued funding of the project.

Community Centers The community centers were established in order to relieve acute social problems in development towns and deprived neighborhoods. These community centers, most of which are under the guidance of the National Corporation of Community Centers, set themselves the goal of social integration by offering a common venue for a wide variety of activities to the different groups in the community: young and old, rich and poor, religious and non‐religious, immigrants and veterans. The main activities of a typical community center comprise adult education; music, art and drama; pre‐school activities; sports; providing for groups with special needs; and the coordination of volunteer work.

Colleges There are five colleges managed by companies: two regional colleges – Tel Hai and Kinneret; and three teacher‐training colleges: Levinsky in Tel Aviv, Wingate near Netanya and Kaye in Beer‐Sheba. The regional colleges make a very significant contribution, situated as they are in peripheral areas. Their value can be measured in terms of direct employment generation, the provision of vocational and professional qualifications needed in the area, and an enrichment of the cultural life of the region. The Levinsky and Wingate teacher‐training colleges are significant nationally, and Kaye regionally.

UJA New York Women’s Division Levinsky College of Education Ltd.

Levinsky College of Education(LCE), one of the largest and oldest colleges of education in Israel, was the first institution in Israel to use Hebrew as the language of instruction in training preschool and school teachers. The college was established in 1912 (5673 on the Hebrew calendar) in Tel Aviv's Neve Tzedek neighborhood by the Hovevei Zion (Lovers of Zion) movement. Our name perpetuates the memory of writer, journalist and Zionist activist Elhanan Leib Levinsky (1857‐1911)

Levinsky College of Education has always strived to:

 Provide and instill uncompromising academic excellence  Promote quality teaching and life‐long learning  Initiate technological innovations  Cater to the changing needs of a pluralistic and multicultural society.

Our educational mission is rooted in our cultural heritage, incorporating both Jewish and universal values. We also endeavor to integrate technology into our learning environments and cater to the changing needs of a pluralistic and multicultural society. These values provide our graduates with the tools and motivation to become involved in their communities and to be creative leaders of society.

The college maintains cooperative relationships with schools and kindergartens across the country, and its graduates are sought after by school principals.

Among the largest colleges of education in Israel, LCE over the years has trained some 40,000 teachers and educators; many have left their mark on the educational system. The college helps trainee teachers acquire professional attitudes, while promoting Jewish, democratic and universal values. The college strives to provide solutions for the demanding requirements of a pluralistic, multicultural and dynamic society.

LCE offers a variety of Bachelor's and Master's programs in its Faculty of Education, Faculty of Music Education, Faculty of Multidisciplinary Studies, International School and School for Continuing Education. A primary characteristic of LCE is its emphasis on expanded teaching experience. The college also offers specializations, among them Computers and Mathematics, Children's Literature, Art for Preschoolers, Music Education, Computers in Education, Special Education, Literature in High School and more.

Levinsky College of Education, a subsidiary of the Jewish Agency for Israel, was founded with the support of the Women's Division of the New York United Jewish Appeal.

International School The International School at Levinsky College of Education, offers a program: Innovation and Entrepreneurship in Education that intended for students, leading educators, and academics who are keen to devote an entire semester to studying these topics. The program is based on three complementary components: advanced pedagogy, educational entrepreneurship, and digital technology in the service of education.

The program combines high‐quality academic studies, innovative technological environments, acquisition of collaborative tools for learning, and social and emotional development through community activities, professional encounters with leading entrepreneurs and educators, interesting experiences in the city of Tel Aviv, tours of Israel, study trips, and cultural evenings.

College established in 1912 Became IEF company in 1987 Main Shareholder: UIA Chairman of the Board of Directors: Azriel Nevo President of College: Prof. Lea Kacen Director‐General: Ofer Klepper

The Zinman College of Physical Education and Sport Sciences at the Wingate Institute

The Zinman College grants first and second degrees in physical education, providing academic and professional training in Physical Education, instruction, sports, movement, coaching, and rehabilitation. The college’s aims are to train senior professionals in physical education and sports research, management and supervision; to teach physical education to professionals engaged in sports, education, recreation, medicine and rehabilitation; and to develop an awareness of the value of physical education, recreation and movement among the public at large.

The college’s Bachelor of Education programs are run through its School of Education and its School of Physical Education, which trains Physical Education teachers according to the Ministry of Education program. In the 2011‐2012 school year, 743 students were registered for B.Ed. studies. The Zinman College also confers a Masters of Physical Education (124 students last year). Besides deepening the knowledge of Physical Education teachers, this program is aimed at preparing personnel for research and development in the movement and sports sciences and in training professionals from sports organizations, local authorities, security services etc. in the fields of coaching, consultation and supervision of physical education. It also trains professionals in rehabilitation through movement and in developing sports in the special education system and in other populations with special needs (heart‐lung rehabilitation, sports for the disabled, physical activity for seniors).

The Zinman College runs a professional development school with programs for teachers, trainers and coaches. It also offers several specialty programs: “X‐cool” for challenge tourism, MediWin for alternative medicine, a school for security and combat, and a unit for methodology and medicine in sport. A total of 3452 students were involved in these programs last year.

There are also pre‐academic programs which help students meet higher education requirements. In addition, the college has centers which serve the community in the areas of sports for the disabled, heart disease prevention and rehabilitation, pre‐school cognitive motoric activity, biomechanics and movement rehabilitation, behavior analysis, medicine and sport.

College established in 1944 Became IEF company in 1976 Main Shareholder: UIA Chairman of the Board of Directors: Shimon Danai President of College: Prof. Rony Lidor Director‐General: Shlomo Ben‐Gal

The Kaye Academic College of Education, Beer Sheva

Kaye College of Education in Beersheva

Kaye College is one of the leading colleges in the field of teacher education in Israel. It is a multicultural academic institution, training teachers from the Jewish and the Bedouin sectors. The college offers a Bachelor of Education and teacher's certificate, training in all age ranges (from kindergarten to high school) and a wide range of specializations (including Humanities, Science, Math, English, Special Education, Early Childhood Education, Physical Education, Art Education, Non‐Formal Education, etc.). The college offers also five programs towards a Master's degree (Master's Degree in Education (M.Ed), “Educational Counseling”, “Learning and Instruction”, “Physical Education and Sports for Excluded Communities at Risk”, "Education in the Era of Technological Information", and "Master in Teaching" (M.Teach). In addition, the college has a wide array of professional development programs for teachers and other professionals in the educational system.

Kaye College is part of the fabric of educational life in the South of Israel. It sees education as a social mission and the teachers as educators for dealing with major social issues who lead processes of bridging social gaps and advance tolerance within a democratic and multicultural society.

In the 2013‐2014 academic year, the college celebrated its 60th anniversary with a variety of events, including a two‐day national conference on "Encounters in Education: Between Cultures and Pedagogies" and the opening of the permanent exhibition that portrays the history of Kaye College from 1954‐2014. As an academic institution that enhances research‐based teacher education, Kaye College has been involved in two collaborative projects funded by the European Union: Tempus DOIT (on multiculturalism) and Tempus IRIS (on Internationalization of higher education). Kaye College has published the eighth volume of the “Kolot” newsletter which serves as a platform for discussion and thought in matters of education and society. The first two volumes of a new online lexical magazine titled "Lexi‐Kaye" have been published and ten disciplinary terms are referenced in each volume.

Since 2003, Kaye College has been publishing an annual magazine in English, "Academic Innovation in Education". The magazine not only reflects on issues of novelty in Teacher Education of the college, but also informs about the college's important events such as conferences, seminars, partnerships in Israel and abroad and special projects, which take place at the college and in the surrounding communities.

College established in 1954 Became IEF company in 1988 Main Shareholder: Jewish Agency Chairman of the Board of Directors: Rivka Ben Yaakov President of College: Prof. Lea Kozminsky

Alperin Kinneret College of Technology in Emek Hayarden

The college is located on the southern shores of the Sea of Galilee. Its School of Engineering grants Practical Engineer degrees, which is a professional (non‐academic) degree unique to Israel, regulated by the National Institute for Technological Training. The programs are 2‐year courses, and are a mix of theoretical studies and practical training. Operating within the college is also a School for IDF Technology Training (”Atuda” program) in cooperation with the Ministry of Education and the Air Force, and a School of the Arts.

The college caters mostly to residents of the area: the Jordan Valley, Tiberias and communities surrounding the Kinneret, Beit Shean, the Gilboa area and the Golan Heights. The professions studied at the college are a very important key to the industrial and cultural development of Israel in general and to the area in particular.

There are approximately 700 students studying in 10 tracks including:  In the area of sciences: electrical engineering, electronics, mechatronics, industrial management, software, water technology.  In the area of design: civil engineering, architecture, interior design.  In the area of communications: sound engineering, film and television, interactive media.

This past year saw a 20% rise in the number of students in the School of Engineering and the college’s goal is to attain a student population of 1,000 within three years.

The college strives to expand the School of Engineering and develop new tracks in the fields of water technology, medical equipment and mechatronics.

College established in 1974 (as IEF company) Main Shareholder: UIA Chairman of the Board of Directors: Shlomo Manoach Director‐General of College: Ido Hagai

Gertrude and Morris Rodman Educational Center at Tel Hai

The Tel Hai Technological college shares its campus with the Tel Hai academic college, and is located in the Upper Galilee panhandle. It trains students in a wide range of fields of Practical Engineering, which is a professional (non‐academic) degree unique to Israel, regulated by the National Institute for Technological Training. 85% of the college’s students succeed in becoming certified practical engineers.

There are currently 1100 students on the college’s campus. 65% of the students are from Kiryat Shmona and surroundings, with the college contributing significantly to the development of industry in the area. The college has an advanced infrastructure of labs and workshops, allowing studies to keep up with technological innovations.

The college has 15 study tracks for technological certification, in three divisions ‐‐ sciences, design and communications.

The Communications Division includes studies in film and television, simulation and animation, and photography and digital media.

The Design Division includes architecture and interior design, civil engineering, landscape architecture, and a combined track of construction and architecture.

The Science Division includes studies in mechanical engineering, industrial engineering, software engineering, electrical engineering, biotechnology, and chemical/food engineering.

There is also an External Studies Division with a wide variety of courses open to the community such as the capital market, interior design, bee‐keeping, cellphone applications development.

College established in 1972 (as IEF company) Main Shareholder: UIA Chairman of the Board of Directors: Yigal Guez Director‐General of College: Meir Biton

Ramat Hasharon – “Migvanim” IEF company . Migvanim is a non‐profit organization responsible for the informal education in Ramat Hasharon. Migvanim was established in 1984 by the Jewish Agency; acts as "the long professional arm" of the municipality of Ramat Hasharon; and is supervised by the IACC (Israel Association of Community Centers.) Migvanim manages seven community centers dispersed throughout the city of Ramat Hasharon. Each center has a local board, which is composed entirely of the residents from the local community. The chairperson of each local board is a member of Migvanim's 17‐member Board of Directors. While all 7 centers cater to all ages with a variety of programming from cultural activities to lectures to daycare, some of the centers are also specialize in particular disciplines such as art, dance, martial arts, etc, Migvanim, together with the municipality of Ramat Hasharon, established Takdim ‐ Israel's first Community Foundation. Takdim (meaning precedent, in Hebrew) is modeled on the North American Jewish Federation. This ground breaking initiative founded in 2011 is the first community foundation in Israel that raises funds from local residents to support projects in Ramat Hasharon as well as nationally.

In addition, Migvanim implements the following projects:  Gvanim‐ center for Jewish‐Israeli culture and life‐ Migvanim implements activities in the area of Jewish‐Israeli Identity throughout the Jewish calendar, Jewish education and communal activities (community Bet Midrash, film festival, community Havdala, etc.). In addition Gvanim center develop educational programs and seminars to informal educators. Emphasis is on pluralism and thus, Migvanim works in cooperation with various organizations in the community in dealing and engaged in Jewish and Israeli culture and Jewish peoplehood, community such as Hochmat HaLev (an Israeli/Jewish secular community), the Reform community of Darchei Noam, Bnei Akiva, the Department for Jewish Renewal at IACC, etc..  Volunteer Center‐ Migvanim is responsible for the recruitment and placement of 2,000 volunteers throughout Ramat Hasharon. The Volunteer Center matches participants with various projects; provides guidance and training for the volunteers; and conducts a roundtable forum for discussions between the heads of the volunteer organizations.  Special Needs Populations‐ Migvanim in cooperation with the Department for Special Needs Populations in the IACC organizes a wide range of activities for special needs populations throughout the community centers.  The YULA Program‐ After School program in the kindergartens throughout the city of Ramat Hasharon.  Summer Camps‐ The network operates summer day camps throughout the Sukkot, Hanukkah, Pesach and summer vacations.  Youth Activities‐ the network is responsible for extracurricular youth activity including leadership groups, youth missions, young rock group and community activities of various types.

Rehovot – “Havayot” IEF company

The IEF company in Rehovot is named “Havayot” (“recreational and leisure experiences”) because that is what it brings to the metropolitan area of 188,000 people. “Havayot” serves the entire community, through 6 community centers, libraries and day care centers. The company employs 900 workers and has 370 volunteers. There are a total of over 30,000 participants in activities each month.

The areas of content are the following: * Art, culture and leisure – Focusing on areas of interest and enrichment, theater performances for children and adults, community singing, a singing bus, dance and music centers, community events, and celebration of festivals. * Activities for young children and their families – Running day‐care centers, afternoon care centers, and playgroups in conjunction with age‐appropriate enrichment programs. The various programs are run in conjunction with the Unit for Promoting Development whose focus is on identifying and treating developmental, physical, emotional and social difficulties. * Education and youth activities – Running learning centers for educational reinforcement and preparing for the matriculation examinations. Operating safe environments for empowering teenagers and fostering leadership, and for promoting volunteering, and community involvement. Particular attention is given to youth at risk. * The major activities for promoting the aims of the organization: Sport – various enrichment activities, including exercising for health, martial arts, football and basketball. * Developing innovative programs and reading services for a variety of target populations with the aim of increasing the number of users, and making the library accessible to special‐needs populations. * Café Aroma – A program for youth who have dropped out of the regular social frameworks and those at risk of doing so, which combines working, making up for lost years of education, social activities, and nurturing young leaders who are involved in and contribute to the community. * Learning – Preparing children for first grade, setting up learning centers in the primary and high schools, preparing for the matriculation examinations, and enrichment courses for adults. * Developing programs for the ultra‐Orthodox and religious members of the community – Cooperating with the community rabbis to develop a unique response to the needs of this population/

National Centre for Winter Sports in Israel – Canada Centre, Metulla, IEF company

The Canada Centre, built with the generous help of UIA Canada, opened in 1990. Located in the picturesque town of Metulla within the magnificent Galilean landscape, it is one of the biggest attractions in Israel’s north, offering a wonderful combination of fun activities for the while family. The Canada Centre is famous for its Olympic‐size ice rink, Israel’s largest. The Canada Centre also has two large swimming pools (heated in the winter) and two adjacent Jacuzzis, as well as a refreshing outdoor pool in the summer. There is a bowling alley, an indoor basketball court, a 7D cinema, professional gym, snooker and table tennis tables and a shooting gallery. A complex for young children has recently been completed, which includes a ball pool, Gymboree, games and more. The Canada Centre is also the home arena for the Israel hockey association, whose players practice here on a weekly basis, arriving from all over the country. Last summer the Centre hosted the 19th Maccabiah hockey games. The tournament was 10 days long. Junior, over‐18 and senior teams from Canada, the USA, Russia, Ukraine and Israel played and practiced in the Centre. The Canada Centre is also the home of the Canada‐Israel Hockey School. We have over 400 participants, including special needs children from Kfar Blum and the Hanadiv school in Metulla who come to learn basic skating from our coaches once a week. The level of hockey varies, from beginners to AA or AAA level of Canada. The young hockey players who are involved in our program have become hockey fanatics and our school continues to grow. The hockey players are girls and boys, Jews and Arabs, playing together without any sense of racial or gender discrimination.

Education and Culture Company in Eilat, IEF company

The Eilat Community Center Network is a true social network. It is composed of four community centers, two branches, each with a broad range of activities and a day‐care center, 3 mini‐clubs and two libraries. A total of 10,000 Eilat residents are involved in activities of the Network. There are 400 employees and 700 volunteers. Out of a total of 250 different kinds of activities, there are 32 afternoon programs, and 2,000 summer camp participants.

IEF Companies – Community Centers

Location Company Name Main shareholder JAFI UIA UIA Canada Afula Community and Neighborhood Renewal Centers in Afula Ltd. (cc) √ Akko Community Centers Company in Akko Ltd. (cc) √ Arad Samuel Rubin Cultural Center in Arad Ltd. (cc) √ Ashdod Community Center in Ashdod Neighborhood D. Ltd. (cc) – run by √ municipality ‐ under review Ashdod Education and Culture Company in Ashdod (est. by the Jewish √ Agency for Israel) Ltd. (cc) – company erased by Registrar of Charities‐ under review Ashkelon Malcolm Waldenberg Community Center in Ashkelon Ltd. √ Azur Amelan Community Center in Azur Ltd. (cc) √ Beit Dagan Education, Culture and Neighborhood Renewal Company in Beit √ Dagan (est. by the Jewish Agency for Israel) Ltd. (cc) Beit Sh'ean UJA New York Women's Division Community Center in Beit She'an √ Ltd. (cc) Beit Beit Shemesh Community Center Network Ltd. (cc) √ Shemesh Bnei Brak Bagno Community Center in Bnei Brak Ltd. (cc) √ Bnei Brak Wolfson Community Center in Bnei Brak Ltd. (cc) √ Carmiel Narkin Cultural Center in Carmiel Ltd. (cc) √ Dimona UJA New York Women's Division Community Center in Dimona Ltd. √ (cc) Eilat Education and Culture Company in Eilat (est. by the Jewish Agency √ for Israel) Ltd. (cc) Emek Heffer Morris and Bertha Guiness Cultural Center and Library in Emek √ Hefer Ltd. (cc) Gedera Frankenthal Library in Gedera Ltd. (cc) √ Hadera Education and Culture Company in Hadera (est. by the Jewish √ Agency) Ltd. (cc) Haifa Education and Culture Company in Haifa (est. by the Jewish Agency √ for Israel) Ltd. (cc) Hatzor "Ohel Moshe" Community Center in Hatzor Haglilit Ltd. (cc) √ Haglilit Herzliya Education and Culture Company in Herzliya (est. by the Jewish √ Agency) Ltd. (cc) Hod Education and Culture Company in Hod Hasharon (est. by the √ Hasharon Jewish Agency for Israel) Ltd. (cc) Holon Education and Culture Company in Holon (est. by the Jewish √ Agency for Israel) Ltd. (cc) ‐ in process of transfer to municipality Jerusalem Lev Ha'ir Community Center Jerusalem Ltd. (cc) √ Jerusalem Morasha Community Center Ltd. (cc) ‐ under review √ Jerusalem Hassenfeld Community Center Ltd. (cc) ‐ under review √ Jerusalem Max Bressler and Scheur Community Center in Ganim Ltd. √ Jerusalem Shmuel Hanavi Community Center in Jerusalem Ltd. (cc) √ Jerusalem Community Cente for Katamon H,I, Pat Ltd. (cc) ‐ under review √

Location Company Name Main shareholder JAFI UIA UIA Canada

Kadima Education and Culture Company in Kadima‐Tzoran (est. by the √ Tzoran Jewish Agency) Ltd. (cc) Kfar Saba Shoshana and Pinchas Sapir Community Center Kfar Saba Ltd. (cc) √ Kfar Yona Education, Culture and Neighborhood Renewal in Kfar Yona (est. √ by the Jewish Agency ) Ltd. (cc) Kiryat Ata Education and Culture Company in Kiryat Ata (est. by the Jewish √ Agency for Israel) Ltd. (cc) Kiryat Ekron Polansky Community Center in Kiryat Ekron Ltd. (cc) √ Kiryat Gat Edith Pollack Community Center in Kiryat Gat Ltd. (cc) √ Kiryat UJA New York Women's Division Community Center in Kiryat √ Malachi Malachi Ltd. (cc) Kiryat Centers for Community and Neighborhood Renewal in Kiryat √ Shmona Shmona Ltd. (cc) – under jurisdiction of court Kiryat Philip Granovsky Cultural Center in Kiryat Shmona Ltd. – considered √ Shmona for liquidation, cultural center managed by other IEF company Kiryat Tivon Library and Memorial Center in Kiryat Tivon Ltd. (cc) √ Kiryat Yam Mandel Community Center in Kiryat Yam Ltd. (cc) √ Ma'alot Grass Community Center in Ma'alot Ltd. (cc) √ Mazkeret Company for Educational, Cultural and Renewal Programs in √ Batya Mazkeret Batya Ltd. (cc) Metulla National Center for Winter Sports in Israel – Canada Center, √ Metulla Ltd. (cc) Mevo'ot Education and Culture Company in Mevo'ot Hermon (est. by the √ Hermon Jewish Agency for Israel) Ltd. (cc) Migdal Community Centers Company in Migdal Haemek Ltd. (cc) √ Haemek Mitzpe Samuel Rubin Cultural Center in Mitzpe Ramon Ltd. (cc) √ Ramon Nahariya Russell Center for Youth, Culture and Community in Nahariya Ltd. √ (cc) ‐ ending of activity in process, for liquidation Nes Ziona Education and Culture Company in Nes Ziona Ltd. (cc) √ Nesher Education and Culture Company in Nesher (est. by the Jewish √ Agency) Ltd. (cc) Netanya Education and Culture Company in Netanya (est. by the Jewish √ Agency) Ltd. (cc) Netivot Wolfson Community Centers' Network in Netivot Ltd. (cc) √ Ofakim Samuel Rubin Cultural Center in Ofakim Ltd. (cc) √ Or Yehuda Furst and Perlman Community Center in Or Yehuda Ltd. (cc) √ Pardes Kane Meir Center for Culture, Youth and Sport in Pardes Hanna‐ √ Hanna‐ Karkur Ltd. (cc) Karkur Petach Tikva Education and Culture Company in Petach Tikva (est. by the Jewish √ Agency) Ltd. (cc) Ramat Gan Education and Culture Company in Ramat Gan (est. by the Jewish √ Agency for Israel) – Renewed Shikma Center Ltd. (cc) Ramat Hasharon Community Centers in Ramat Hasharon Ltd. (cc) √

Location Company Name Main shareholder JAFI UIA UIA Canada

Ramle Community Centers for Neighborhood Renewal in Ramle Ltd. (cc) √ Rehovot "Havayot" Network in Rehovot (est. by the Jewish Agency for √ Israel) Ltd. (cc) Rishon Education and Culture Company in Rishon LeZion (est. by the √ LeZion Jewish Agency) Ltd.(cc) Rosh Ha'ayin Kimberling Community Center in Rosh Ha'ayin Ltd. (cc) √ Safed Community Centers Company in Safed Ltd. (cc) √ Sderot Education and Culture Company in Sderot Ltd. (cc) √ Shlomi Green Community Center in Shlomi Ltd. (cc) √ Tel Aviv Education, Culture and Neighborhood Renewal Company in Tel √ Aviv (est. by the Jewish Agency for Israel) Ltd. (cc) Tel Mond Education and Culture Company in Tel Mond (est. by the Jewish √ Agency for Israel) Ltd. (cc) Tiberias Furst Community Center in Tiberias Ltd. (cc) √ Tirat Furst Community Center in Tirat Hacarmel Ltd. (cc) √ Hacarmel Upper Gordon and Berkowitz Community Center in Upper Nazareth Ltd. √ Nazareth (cc) Yavne Germanow and Simon Community Center in Yavne Ltd. (cc) √ Yehud Sol and Betty Steinberg Culture and Sport Center (for Youth and √ Adults) in Yehud Ltd. (cc) Yeruham Samuel Rubin Cultural Center in Yeruham Ltd. (cc) √

Note: "cc" stands for charitable corporation

IEF Companies – Schools

Location Company Name Main Shareholder

UIA Ashkelon Education, Culture and Neighborhood Renewal √ Company in Ashkelon (Est. by the Jewish Agency) Ltd. (cc)

Hof Hasharon Polin and Heller Joint School in Hof Hasharon Ltd. (cc) √

Jerusalem Education and Culture Company in Jerusalem (est. by √ the Jewish Agency for Israel) Ltd. (cc)

Kfar Saba & Residential Education and Culture Company (est. by the √ Jerusalem Jewish Agency for Israel) Ltd. (cc)

Yarka Ahva Regional Comprehensive High School for Druze in √ the Western Galilee Ltd. (cc)

Other Companies Other Active Companies Est. JAFI 's Activity Share‐ holding Israel Museum 1969 14% Museum Central Archives of the Jewish People 1969 7% Archive of historical documents Yoseftal Institute 1973 7% Consultancy in the field of community organization Negev Spa 1998 26% Owns and manages spa facility in Ramat Negev region Silverstone Foundation for Youth 1981 75% Owns the International Cultural Centre in Jerusalem Kinneret Sailing Company 1949 Negligible Operates cruises on the Sea of Galilee Israel Guarantee Corporation 1968 5% Financial

Companies being dissolved Est. JAFI 's Previous Area of Activity Share‐ holding Tel Aviv Development Corporation 1968 47% Ownership and management of Tel Aviv port area Employees Training Fund 1982 66% Provident fund Scholarship Fund 1973 100% The management of grants to high‐school students Palestine Agricultural Settlement Assoc. 1936 50% The provision of loans to the rural sector

WZO Companies Est. WZO's Activity Share‐ holding Jewish Colonial Trust 1953 17% Holding company; owns Bank Leumi shares Hameshakem 1962 60% Provides sheltered employment to disabled people Bialik Institute 1984 100% Publishing house Merchavit 1976 100% Manages industrial buildings in the rural sector Gymnasia Herzliya 1927 Negligible Manages high school Culture for Israel 2010 100% Manages cultural activities Israel Initiative 2010 100% Advocacy Keren Mishkei Ezer 1969 33% Landscape development in rural sector . Inactive Rural Industrialization 1974 100% Service company to defunct Settlement Depart. Inactive.