• Home
  • About
    • About
    • Policies
  • Submissions
    • Op-eds
    • News / Announcements
  • Contact
  • Donate
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

eJewish Philanthropy

Your Jewish Philanthropy Resource

  • News Bits
  • Jewish Education
  • Readers Forum
  • Research
  • Show Search
Hide Search
You are here: Home / Jewish Philanthropy / The Shekel, The Dollar, and Tzedakah

The Shekel, The Dollar, and Tzedakah

March 19, 2008 By Dan Brown

The shekel-dollar exchange rate continues its downward trend, falling to NIS 3.36/$.
(as of 4:30 pm IST, Wednesday)

tzedakah-jpeg.jpgAt the recent JAFI Board of Governor’s Meeting we heard about the significant effect the falling dollar was having on this year’s budget.

On CNN yesterday, an in-depth report on American citizens working in Europe paid with dollar salaries and how the falling value effects their everyday purchases at the market.

Now, today in Haaretz, an article on how this historic low is challenging the local NGO community.

“Hundreds of local social charities and nonprofit groups that depend on funding from abroad fear that the continuing decline of the dollar exchange rate, combined with the growing U.S. economic crisis, will force them to dismiss employees and curtail the services they provide in the fields of education, welfare and health. The dollar’s fall has cost some of these organization’s a 20 percent decline in income.

“There hasn’t been a crisis like this since the expansion of civil society in recent years,” says Prof. Benjamin Gidron, the director of the Israeli Center for Third Sector Research at the Ben-Gurion University of the Negev in Be’er Sheva.”

continue reading here

Print Friendly, PDF & Email

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)

Filed Under: Jewish Philanthropy Tagged With: Jewish Federations of NA/formerly UJC, Jewish National Fund / JNF / KKL, The Jewish Agency/JAFI

Click here to Email This Post Email This Post to friends or colleagues!

Reader Interactions

Primary Sidebar

Join The Conversation

What's the best way to follow important issues affecting the Jewish philanthropic world? Our Daily Update keeps you on top of the latest news, trends and opinions shaping the landscape, providing an invaluable source for inspiration and learning.
Sign Up Now
For Email Marketing you can trust.

Continue The Conversation

  • Email
  • Facebook
  • RSS
  • Twitter

Recent Comments

  • Julie Chivo on Comings and Goings
    Jenny Kibrit Smith Joins Foundation for Jewish Camp as Talent Director
  • Steven Windmueller on The New American Reality and What It Means for Jews
  • Dave Neil on The New American Reality and What It Means for Jews
  • Bob Hyfler on The Jewish Agency and All of Us
  • Gordon Silverrman on The Jewish Agency and All of Us

Most Popular Recent Posts

  • JFNA's Remarkable Pivot, And Me
  • Creation of National Organization Mobilizing Jews to Confront the Climate Crisis
    Dayenu!
  • Seeking Legacy Organizations for Qualified Jewish Professionals
  • Ally Is A Verb
  • When School Leaders Fail: It is in Our Hands

Categories

The Way Back Machine

Footer

What We Do

eJewish Philanthropy highlights news, resources and thought pieces on issues facing our Jewish philanthropic world in order to create dialogue and advance the conversation. Learn more.

Top 40 Philanthropy Blogs and Websites to Follow in 2019

Copyright © 2019 · eJewish Philanthropy · All Rights Reserved