Tmura Grants Over $2,000,000 to Israeli Youth and Education Programs in 2015
Tmura – The Israeli Public Service Venture Fund has announced a record-breaking level of charitable grants during 2015, providing over $2,000,000 in cash donations to youth and education programs in Israel, as the organization benefited from the continued success of Israeli high-tech companies.
Proceeds for these contributions were generated from, among other things, a record number of deals in 2015, including public offerings of CyberArk, ReWalk and Kornit, as well as exits from eXelate, Checkmarx, Panaya, Panoramic Power, BillGuard, WatchDox and others. All of these companies had donated options to Tmura when they were still privately held.
Tmura uses proceeds from exit events to make grants to Israeli youth and education organizations. Beneficiaries in 2015 included organizations such as Educating for Excellence, Krembo Wings, MEET, Tel Aviv Rape Crisis Center, SAHI, and the TASA Fellowship Program operated by Olim Be’yahad.
Tmura added a record number of new companies that donated options, with 56 high-tech companies signing up to Tmura’s innovative corporate giving program in 2015. This brings the total number of donor companies to 429, with new participants including CrediFi, LogDog, Velostrata, Tufin, Zoomd, SafeDK, StoreDot, Gameffective, Tonara, FairFly, Personetics, Weave, and JethroData, among many others.
Founded by Yadin Kaufmann in 2002, Tmura offers companies a unique way to contribute. Rather than soliciting cash donations, Tmura receives grants of stock from companies and uses the proceeds from successful “exits” – a public offering, acquisition or sale of shares on the market – to fund education- and youth-related charities in Israel.