A Collaboration Between the Edmond de Rothschild Foundation, Israel, and the Jewish Funders Network

About the Building & Strengthening the Impact Entrepreneurship Ecosystem in Israel Matching Grant Initiative

How much money is available in the matching funds pool?

A $1,000,000 funding pool will be available to match first-time or doubled previous gifts in this field to organizations and projects that create and foster the pioneering spirit in creating new tools and models for social change.

What is the ratio of matching funds to the gift?

Qualifying gifts ranging from $25,000 to $150,000 will be considered for a 1:1 match, with the flexibility to fund less than 100% of requested funds. The maximum match for a single gift is $150,000; individual gifts greater than $150,000 are eligible to receive a maximum of $150,000 in matching funds. For example, a new gift of $200,000 could be matched with $150,000 from the funding pool, generating $350,000 for the organization or project. [NOTE: In order to account for fluctuation in the rate of exchange between the dollar and the shekel, the specific amount to be matched will be set by the rate of exchange immediately prior to allocation.]

What are the Terms and Conditions of the Matching Grant Initiative?

Matching funds are available for gifts that have been committed by donors no earlier than June 1, 2018. Completed applications must be submitted no later than December 31, 2018. Gifts must be paid by donors and received by organizations and projects no later than September 1, 2019.

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

Matching funds will only be released once payment verification is submitted to JFN demonstrating that the gift was paid to the organization or project. In order to verify payment, we will require a copy of a canceled check or wire transfer receipt for the payment made, as well as confirmation from the organization or project.

In order to account for fluctuation in the rate of exchange, JFN and the Edmond de Rothschild Foundation, Israel will use the given exchange rate on a day prior to the review committee meeting date. All gift amounts will be converted into dollars and shekels both to ensure that the full $1MM pool is allocated fairly.

The terms and conditions and availability of the matching funds are subject to change and/or termination at any time.

For Organizations and Projects

What is considered an organization or project that creates and fosters the pioneering spirit in creating new tools and models for social change?

For the purposes of this Matching Grant Initiative, eligible organizations and projects are those that work to create new tools, platforms and models for social change. Qualified organizations and projects must work to enhance or expand the infrastructure of this field.

The ecosystem of impact entrepreneurship, or the environment in which this operates, includes (but is not limited to): social business investment platforms, microfinance initiatives, social impact bonds, impact startup hubs/incubators/accelerators, social startup hubs/incubators/accelerators, academic & research institutions, etc.

Impact, for the purpose of this initiative refers to intentional and measurable social and financial ROI (double or triple bottom line). Please note that this initiative is an impact grant, not an investment.

Banks, VCs, Funds of Funds, impact investment funds and individual social businesses will not qualify.

How do I know if my organization or project is eligible?

Eligible organizations and projects must:

  • Seek to create and foster the pioneering spirit in creating new tools and models for social change.
  • Be a legally registered (with up-to-date “Nihul Takin” certification and 46A nonprofit operating an impact entrepreneurship-specific program in Israel.
  • Meet the following requirements: Be in operation for a minimum of two (2) years although matched projects can be new; Have an operating budget of at least 1,000,000 NIS (approx. $250,000); Employ at least one (1) full-time staff member; Demonstrate financial stability, including no deficits during the past year unless there are considerable reserves; Have a clearly defined strategy to grow the impact entrepreneurship ecosystem in Israel.
  • Agree to participate in an evaluation of the Matching Grant Initiative’s impact, annually, for three years following the match.

Are there specific desirability criteria?

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

Can an eligible organization or project receive more than one gift as part of this Matching Grant Initiative? Is there a maximum amount of funds that an individual organization or project may receive?

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

Will anything be required of the organization or project once they are awarded the matching funds?

Yes. As a stipulation of receiving funds, organizations participating in the Matching Grant Initiative must commit to answering a brief set of evaluative questions in the form of a short survey annually for three years after receiving funds to measure the Initiative’s impact.

For Donors

I am a donor interested in participating in this Matching Grant Initiative. How do I know if I am eligible?

You are eligible to apply for matching funds if you meet ANY of the three criteria* below:

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

OR

2. Your most recent gift to the field of impact entrepreneurship in Israel was more than five (5) years ago (prior to December 31, 2013) AND this is a gift of $25,000 or NIS 100,000 or more;

OR

3. You have made a recent gift (after January 1, 2013) to the field of impact entrepreneurship in Israel, but you are currently doubling your largest previous gift (e.g. from $25,000 to $50,000), AND your new gift is $25,000 or NIS 100,000 or more.

Additionally, having a grant matched is a benefit of membership in the Jewish Funders Network.  Donors must agree to become members of the Jewish Funders Network if your application is approved. Donors not already JFN members will be contacted by JFN to discuss the benefit of membership.  Learn more here.

*Note: We encourage all donors interested in participating in the Matching Grant Initiative to reach out to JFN staff and learn more about available membership options. Please contact us and visit JFN Membership for more information and resources.

I am not currently a JFN member. How can I participate in the Building & Strengthening the Impact Entrepreneurship Matching Grant Initiative?

Having a grant matched is a benefit of JFN membership, alongside other services including funder education resources, year-round programming, and networking opportunities. Donors whose gifts are matched must agree to join JFN if not already members. For more information about JFN Membership Benefits, click here.

If you are eligible and interested in joining JFN, please complete the JFN membership application page here. You will be contacted by JFN following the submission of your application.

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

Application and Process

How do I apply?

Applications may be submitted through the online application form only and are due by December 31, 2018. If extenuating circumstances prevent you from filling out the application form online, please contact us.

Applications will require specific information from donors about funding history and from the grantee organization or project. JFN encourages donors and organizations to work together to prepare this information. Once the grantee organization’s application is finalized and submitted, JFN will contact each funder to discuss the details of his/her gift.

Can a donor submit more than one application to different organizations or projects?

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

What information will the application require about the organization or project being supported?

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

The application questions can be accessed here and will request information about the following items:

  • Description of proposed work
  • Will the gift be directed toward a current effort or the creation of a new one?
  • How long do you expect the work to continue?
  • What are the expected results of this work?
  • How will you measure the success of the efforts?
  • Budgets, staff lists, and proof of Amutah/46A status, etc.

For more detailed instructions visit How to Apply.

Will anything be required of the funder once the matching funds are awarded?

The funder will be required to join JFN if not already a member.

How does the decision-making process work?

Once the application deadline has passed, the review process will commence.

  1. Any application deemed ineligible will be eliminated and the applicants will be notified.
  2. JFN staff will be in touch with the funders named in each application to verify their gifts.
  3. A review committee comprised of Foundation representatives and JFN staff will review all eligible applications and make grant decisions.
  4. Applicants will be notified of the grant decisions by email, including grant payment instructions for funded applicants. It is the NGO’s responsibility to notify their funders.

Gifts

How do I know if a gift is eligible?

Gifts are eligible if they are either first-time gifts or doubled previous gifts to the field of impact entrepreneurship in Israel. Gifts must be given after June 1, 2018 but before December 31, 2018 to be eligible for this Matching Grant Initiative.

For more information visit Eligibility.

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

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

I am not based in Israel. Is my gift eligible for this Matching Grant Initiative?

Yes, gifts from donors outside Israel are eligible to be matched.

 

Will all eligible gifts be matched?

Not necessarily. All eligible gifts will be subject to a review process by a review committee. Matching funds will be awarded based upon eligibility and desirability criteria.

Can gifts be earmarked for a particular program or purpose?

Yes, gifts may be earmarked. Gifts to organizations whose primary missions specifically reflect the field of impact entrepreneurship and the need for new tools and models of social change can be directed to general operating support OR to a particular program. Gifts to organizations whose primary missions do not specifically reflect the field of impact entrepreneurship must be restricted to a specific qualifying project of the organization.

What if a gift is not awarded matching funds?

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

Does the gift have to be paid all at once?

No. The donor must provide the total amount of the gift s/he plans to give to the applicant organization. The full amount of the gift must be paid in full no later than September 1, 2019. Instructions for how to submit proof of payment will be included in the grant notice.

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