| 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 |
| 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'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..."
"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." |
