Programs In Peril
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Transcript of Programs In Peril
Impact of economic crisison our beneficiaries
November 2008
www.jewishagency.org
Every year 2 million people around the world
depend on the services of the Jewish Agency
Many are now in jeopardy.
But many are now in jeopardy.
Global Economy Changes in past 2 years
ISRAEL:
•U.S. Dollar devaluation of 23% against Shekel
•6-7% increase in inflation
•Activities in Israel:75% of budget
Eastern Europe:
•U.S. Dollar devaluation of 20% against Euro
•7% increase in inflation
•Activities in Europe: 5% of budget
FSU:
•U.S. Dollar devaluation of 13% against Ruble
•30-40% increase in inflation
•Activities in FSU:10% of budget
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Reality check in Israel
75% of all donations to the Jewish Agency in U.S. dollars
55% of all expenditures in shekels
23% Devaluation of U.S. Dollar to Shekel Dec 06 – Aug 08
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Reality check in Israel
Total dollar budget of programs unchanged;
Shekel budget to implement has decreased dramatically.
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Net result
2008: Financial challenge totaling over $20 million
2009: Extreme measure of slashing $45 million from 2009 budget
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Reductions in 2009 Budget
REDUCTION
Structural changes & overhead reductions $10.0 million
Additional cuts and adjustments needed $13.0 million
Program reductions $22.0 million
TOTAL 2009 Budget Cuts $45 million
Programs in Peril
www.jewishagency.org
Reductions in 2009 Program Budget
Program area REDUCTION
STRENGTHENING ISRAEL through Immigration and Absorption
$10.3 million
PARTNERING WITH ISRAELIS to effect transformative change
$2.8 million
CONNECTING NEXT GENERATION with Israel and peoplehood
$6.4 million
Allocations to social programs and activities $2.5 million
TOTAL Program Cuts $22.0 million
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Immigration and absorption
$10.3 million in cuts• A reduction of $3.4 million from
absorption centers budget
• $2 million cut in budget for Student Authority Scholarships in 2009
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Impacting lives like Raphael, a lone soldier from France
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Effecting social change in Israel
$2.8 million in cuts• A reduction of $800,000 in the
Youth Aliyah Village budget
• Priority regions cut by $700,000
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Impacting lives of at-risk Israeli youth like Dvir
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Connecting the next generation
$6.4 million in cuts
• A reduction of $1.7 million in the HEFTZIBA budget
• Educational Schlichim cut by $900,000
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Impacting lives like Liza, a 12-year old from Khabarovsk in Russia
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Facing the economic crisis
TOGETHER