VIENNA — Uri Poliavich swept into the Hofburg Palace’s Imperial Ballroom Wednesday night, flanked by bodyguards, past marble columns and beneath chandeliers that had once illuminated the royal balls of Habsburg royalty. Assembled were the roughly 200 Jewish educators and grantees from 37 countries following a lavish two-day confab. At the swanky gala dinner and awards ceremony, replete with open bars, live music, flashy lighting and glatt kosher food served on fine china, the assembled principals and communal leaders anticipated the much-anticipated reveal: How much of the online gambling entrepreneur’s fortune would flow to their schools in 2026.

Onstage, Poliavich, an unassuming man in a baseball cap and casual jacket, delivered brief remarks before exiting as dramatically as he’d entered. The answer to the question on everyone’s minds was characteristically ambitious but also deliberately vague. “We will keep growing in terms of new partners who will be growing in terms of investing in existing projects.” To the assembled, he assured: “This will allow you to bring more kids. So that’s why we’re here.” 

Unlike at the Yael Foundation’s two previous conferences, in which the annual budget was announced to great fanfare, this year there would be no such specific commitment. At a press conference before the gala, Poliavich told reporters that the Yael Foundation — named for his wife — would grow its budget significantly from last year’s $42 million, but he wouldn’t commit to a specific figure. “We always overachieve,” noting a 20% increase from last year’s announced budget. “There are a lot of requests coming,” he told journalists.

One member of his team indicated to eJewishPhilanthropy that the budget for this year would likely be double that of 2025. 

What he did reveal: continued work on an $82 million flagship school in Cyprus, and plans for another in Lisbon in 2027 — the first Jewish school in Portugal, he said, since the 16th century. This, in addition to a heavy investment in a school in Rome and other projects around the globe.

The evening’s carefully choreographed spectacle was emceed by Israeli celebrity mentalist Lior Suchard and featured a violin performance by freed Israeli hostage Agam Berger. The 2026 Yael Awards theme, “Own Your Flame,” emphasized the role of educators in building resilient Jewish identity. This year the foundation recognized winners in 12 categories of excellence in Jewish education. The judging panel included Natan Sharansky, former chairman of the Jewish Agency for Israel; author and educator Avital Chizhik-Goldschmidt; Max Neuberger, founder and publisher of Jewish Insider and eJewishPhilanthropy; Robert Singer, former World Jewish Congress CEO; and Yael Foundation CEO  Chaya Yosovich.

Formed in 2020, the Yael Foundation is a relative newcomer to the Jewish philanthropic world but has already made a major splash through significant investments in Jewish schools, camps and other informal education programs around the world, including in far-flung locales often overlooked by Jewish funders. 

Poliavich has poured the profits from his Soft2Bet online gambling company and other ventures directly into places like Cyprus, Latvia and Portugal, while most major Jewish donors are focused on Israel and North America. He’s also moving at a pace that makes traditional foundations look frozen in place: quadrupling his annual budget in just two years, adding roughly 10 new schools per quarter, and building a multimillion-dollar school from scratch in a community most Jewish organizations barely track.

In the pre-gala press conference, Poliavich reached for a biblical metaphor to explain the foundation’s trajectory in 2025. “The Jewish people, once we crossed the Red Sea, became a nation,” he said. “That’s something that happened to [the foundation] this year. We stopped being just a family [operation]… and we switched the mode to become more like a business.”

The organization has brought on several staff members and departments: account managers organized by region and language, a legal department, human resources, a construction division and security specialists. “With this structure, we can scale it 10 times,” Poliavich said. “Like almost infinite.”

The professionalization arrived as the foundation pushes aggressively into new markets. “This year we open up the boundaries,” Poliavich said. “Let’s go to Asia, let’s see what happens there. Let’s go more into [the] Americas. Let’s see what happens in Canada, the Far East and other continents.” His next target region: South Africa.

The Cyprus school exists because of a dinner conversation that haunts Poliavich. He describes a well-known Israeli businessman in Cyprus who sent his son to the best private school on the island. The boy was 15 when he came home one day expressing a desire to go to church.

“He was shocked,” Poliavich recalled, “because for Israelis, being Jewish, it’s in their bones.” But the next generation? “Completely lost.”

For Poliavich, that story crystallizes why small diaspora communities need not just Jewish schools, but schools that can compete with the best secular options. “We need to build proper educational centers where we can deliver the message and deliver a good, high-quality education.”

Hence, the refusal to compromise on quality even when it means exceeding budgets by 20%. Hence, building a covered sports center at a Ukrainian school is currently under daily Russian attacks. “I don’t like to compromise,” Poliavich said. “We want to make things better. Bigger, better.”

When asked to explain his statement that “charity drives business, not the other way around,” Poliavich described a process that inverts the typical philanthropic model.

Each December, he calculates what the Yael Foundation needs for the coming year. That number becomes the mandate for Soft2Bet. “I have the management meeting of the business side and tell them, guys, OK? This is 10%. So that’s the budget for next year. That’s how much we need to make.”

This year, he’s trying something more ambitious. “I heard someone saying, try to change the goal. You need to give 10% up to 20, 25%. I’ll try to change the goal this year and see how it works.”

As requests flood in — from France amid surging antisemitism, and Spain or from South Africa, his next target region — the foundation’s needs are growing. Which means Soft2Bet’s targets grow.

The foundation now divides its portfolio into three categories: smaller grants given out on an ad-hoc or monthly basis; medium-sized funded programs in the area; and “Yael Schools” — institutions the foundation will build and operate entirely. Each requires not just construction funding but full operational infrastructure: principals, teachers, curriculum and security.

“If you look at this, like each school, 500, 1,000 kids, it’s a big thing,” Poliavich said. “It’s very challenging.” The goal is self-sustainability — schools that “keep running even if you are not there anymore.” He’s building institutions designed to survive generational change, regardless of donor whims or family dynamics.

Poliavich bristles at charitable language. He “invests” in schools, not “donates” to them. As an investor, he speaks in business language such as key performance indicators (KPIs) — in this case: more Jewish kids enrolling in Jewish schools. Poliavich wants these kids to know their history, know Hebrew and also be as competitive as any other good school with math and learning in local languages. 

This investment framework shapes partner selection. The foundation starts relationships with small grants, tests capacity, then scales rapidly. Account managers organized by region filter through hundreds of requests — 90% get rejected — looking for the nine to 13 new schools per quarter the foundation aims to add. “We go globally, but we go locally,” Poliavich said.

When asked whether investing heavily in Diaspora communities contradicts the Zionist vision of Jewish life centered in Israel, Poliavich invoked his Chabad education: “You invest into kids and one day they’ll find a way back to Judaism, back to Israel.”

The schools, in this framework, are instruments, not destinations. Even if European Jewish communities shrink or disappear, Poliavich argues the children educated in Yael Foundation schools will carry a strengthened Jewish identity wherever they go — including, he hopes, to Israel.

Asked how he wants his work remembered, Poliavich responded immediately: “The biggest.” Asked to distill it to one word: “Schools.”

Whether online gaming profits can sustain this vision remains an open question. Poliavich’s funding model ties the foundation’s fate directly to one company’s performance in a volatile, heavily regulated industry.

“We just don’t have a choice,” Poliavich said. “We need to move forward, we need to work harder. We need to bring more donations to the foundation so Jewish education will keep growing and we’ll just keep bringing more and more kids back to us.”

(Disclosure: The Yael Foundation provided eJewishPhilanthropy’s travel and accommodations for the conference.)