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Top Rated

New Israel Fund

CharityWatch rating issued
May 2025

Top-Rated Charity
A
CharityWatch Rating
Our independent rating based
on a number of factors.
 
82%
Program Percentage
Amount spent on programs
relative to overhead.
 
$7
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

New Israel Fund
P.O. Box 70358
Philadelphia, PA 19176-0358

Other Names

Truth to Power Foundation

Tax Status

501(c)3

Website

www.nif.org

Stated Mission

To strengthen Israel's democracy and to promote freedom, justice, and equality for all of Israel's citizens.

View similar charities
Data based on Fiscal Year Ended 12/31/2023

Program Percentage: 82%

The percentage of New Israel Fund's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$44,000,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $7

How many dollars New Israel Fund spends on fundraising to raise each $100 of contributions.

$57,000,000

Calculated Total Contributions

(rounded)

Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
New Israel Fund & Truth to Power Foundation Consolidated Audited Financial Statements Multiple
New Israel Fund IRS Form 990 94-2607722
Truth to Power Foundation IRS Form 990 82-5427550
Entity: New Israel Fund & Truth to Power Foundation
Document Type: Consolidated Audited Financial Statements
Tax ID: Multiple
Entity: New Israel Fund
Document Type: IRS Form 990
Tax ID: 94-2607722
Entity: Truth to Power Foundation
Document Type: IRS Form 990
Tax ID: 82-5427550

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
This charity is Top-Rated
What does it mean to be Top-Rated?
 
New Israel Fund
meets governance benchmarks.
 
New Israel Fund
meets transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy Opt-Out Policy  

  Name Title Compensation
1 Daniel Sokatch Executive Director / CEO $461,576
2 Jennifer Spitzer VP, Finance Operations and Administration $327,816
3 Steven Rothman VP for National Development $254,110
1
Name: Daniel Sokatch
Title: Executive Director / CEO
Compensation: $461,576
2
Name: Jennifer Spitzer
Title: VP, Finance Operations and Administration
Compensation: $327,816
3
Name: Steven Rothman
Title: VP for National Development
Compensation: $254,110

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

CharityWatch's rating of New Israel Fund (NIF) also includes the financial activities of its wholly controlled supporting organization, Truth to Power Foundation, which is consolidated with NIF's financial activities in the organizations' audited financial statements for the year ended December 31, 2023. All intercompany transactions have been eliminated in the audit consolidation.

The rating does not include the NIF affiliates in Canada, Great Britain, Switzerland, Germany, and Australia, which are separately controlled entities.


According to the New Israel Fund (NIF) consolidated audit of December 31, 2023 (Note 1 re: Organizations):

"NIF has offices in several U.S. cities. It[s] largest offices are in New York City, San Francisco, and Israel...All intercompany transactions between the U.S. and Israel have been eliminated and are not shown in the [audited] consolidated financial statements.

Founded in 2018, Truth to Power Foundation (the Foundation) is a wholly controlled supporting organization of NIF established to honor the memory of beloved NIF Board member William S. Goldman (z''l). The Foundation makes annual awards in Israel and acts as a convener of activists working to build a more just and democratic society in Israel..."


According to the New Israel Fund (NIF) consolidated audit of December 31, 2023 (Note 10, Agreements with Affiliates):

"NIF has entered into Memoranda of Understanding with affiliates in Canada, Great Britain, Switzerland, Germany, and Australia, whereby these separate entities each conduct programming and raise funds that support NIF's grant making in Israel. The financial information of the affiliates is not included in the [audited] consolidated financial statements of the Organizations, [New Israel Fund and Truth to Power Foundation] as they are separate entities with separate board of directors without control and do not meet the criteria that would require consolidation."

According to the New Israel Fund (NIF) consolidated audit of December 31, 2023 (Note 12, Severance):

"Under Israeli law, for Israeli-based employees, NIF has recorded a liability reflecting the difference between the total obligation for severance pay, less the amounts that have been deposited in pension and provident funds and management insurance policies.

Such severance, pension and provident funds in Israel reflect amounts deposited in a central severance pay fund as required by law. The fund has an accrued severance liability of $193,398, payable upon termination of employment in Israel."


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