The overall financial management of our operations, including budgeting, cash flow management, processing income and expenses, monitoring and consolidation of reports, is carried out under the direction of our Executive Committee by a small senior staff team.
Our Executive Director, Roman Kogan, is responsible for the execution of the budget and the general coordination of all activities, including their financial aspects. He is assisted in budgeting, cash flow and contracts management by our Financial and Management Consultant, Chaim Nagus.
Although each operational body has its own accounting function, this management team also administers two of the independent entities set up by LFSU (see below) -
In January 2008, the Limmud FSU International Foundation (LFSU Foundation or the Foundation) was incorporated in the State of Delaware, and subsequently recognized by the United States Internal Revenue Service (IRS) as a tax exempt non-profit charitable organization according to section 501c3 of the Internal Revenue Code. The board of directors consists of nine members, five American directors and four non-American.
The Founding Chair of Limmud FSU is Chair of the Board, the Co-Founder is President, and Limmud FSU’s Executive Director is Executive Director of the Foundation. The LFSU Foundation is the representative legal entity for LFSU in submitting most grant applications, signing agreements for receipt of monies and for other similar transactions.
The Foundation signs contracts with, and makes transfers and payments to various organizations, vendors in the New York area and suppliers, such as tour operators, for conference services worldwide. Since 2014, the LFSU Foundation maintains a full accounting system, with support from professional accountancy firms. It carries out transactions through its own banking facilities, in parallel to the financial operations performed on the Foundation’s behalf by JDC acting as its fiscal sponsor.
Limmud – Russian Speakers Israel (LRSI) is a duly constituted Israeli non-profit member organization (Amuta), established in March 2011. There are ten members, all of whom are Israel residents; three serve on the Executive and another two are members of the Audit Committee (as stipulated in Israel law).
LRSI was set up to implement all LFSU programs in Israel and to provide assistance in Israel and abroad to LFSU for the implementation of its other conferences and its general management support functions (especially payment of those expenses incurred in Israel for global operations).
There is an Agreement of Cooperation between LRSI and the LFSU Foundation delineating these various activities and the provision of funding to LRSI. However there is no duplication of administrative functions. The required professional accounting services are undertaken by an outside CPA firm, and LFSU’s Executive Director serves as the Executive Director of LRSI.
Limmud of Ukraine (LoU) was established as an independent charitable trust, in 2013. It replaced the Jewish Forum of Ukraine as the operating arm of Limmud FSU in Ukraine.
LoU’s board consists of four persons – two from Ukraine (Limmud Ukraine Organizing Committee chairperson and the Project Manager) and two from abroad (LFSU’s Founding Chairman and its Executive Director). The Project Manager for Ukraine is employed by LoU as its General Manager. An Agreement for Cooperation between LoU and the LFSU International Foundation, similar to the one with LRSI, determines the procedures for funding and reports. Detailed accounts, supported by bank statements, are presented monthly using a purpose built bilingual report format.
LoU receives local contributions and fee income for Limmud Ukraine conferences. It has submitted funding applications to international bodies and received substantial grants for Limmud events in Ukraine – a process which was severely restricted when working through another body.
Because of legal requirements for non-profit educational and cultural programming, LFSU works with local Jewish organizations in each country where there is no official LFSU entity. An Agreement for Cooperation is concluded between Limmud FSU International Foundation and each of these organizations.
Tkhiya Educational Centre, Moscow is a non-profit organization which undertakes the execution of the Limmud Moscow conference. Its leadership consists of veteran Limmudniks. LFSU financial support for Limmud Moscow takes the form of an allocation to Tkhiya. Tkhiya makes all payments for the conference and in addition to LFSU's grant, raises local donations, contributions in kind and participation fees to finance the conference.
Although Limmud’s Moscow set-up assisted with preparations for Limmud St. Petersburg, it was found necessary – not least because of the Russian Federation’s regulations for non-profit activities – to engage a local entity for the conference’s financial and logistical management. Skandin, a service organization which works with many Jewish communal bodies, undertakes this role in St. Petersburg.
Similarly, the local operations required for the Limmud FSU conference for the Volga – Urals regions are carried out in cooperation with the Kazan based non-profit organization, Afifon Jewish Youth Center.
In Belarus and Moldova
LFSU’s Project Manager for Ukraine also oversees activities in Belarus and Moldova. Limmud FSU continues to cooperate with the Jewish communal organization which assisted with these events in previous years.
In addition to its ongoing relationship with the Union of Belarussian Jewish Organizations and Communities (UBJOC), LFSU also engages a local tour operator, Exclusive, as its agent. These two entities ensure the provision of accommodation, catering and other services both for the Limmud conference and for pre and post conference events in different parts of Belarus. UBJOC also collects participation fees though most funding is transferred in advance by LFSU. A working relationship still exists with the local Vitebsk Jewish community organization HaTiqvah, which assisted in the implementation of purely local functions at that conference venue.
The Jewish Communal Organization of Moldova (JCM), which is based in Chisinau, the capital, provides similar support for the Limmud conference in that city. JCM also makes a grant for the conference and has solicited contributions from other organizations in Chisinau.
In Canada and Australia
Following the Executive’s decision to initiate Limmud FSU conferences in Canada in 2014 and the following year in Australia, LFSU’s senior management acted to set up the necessary organizational infrastructure.
In Canada, a contractual arrangement was concluded with a Jewish community center in the Greater Toronto area, the Schwartz/Reisman Centre (SRC). SRC is responsible for the receipt of charitable contributions from Canadian donors and supporting organizations, and for the financial implementation of LFSU’s preparatory events and the Limmud conference in Ontario, Canada.
An agreement for cooperation in carrying out Limmud FSU activities in Australia was concluded with the Zionist Federation of Australia (ZFA), based in Melbourne. ZFA oversees the control of Limmud FSU Australia’s financial operations both in Melbourne and Sydney. This includes Limmud FSU Project Management functions in Australia.
In the United Kingdom
The first round of activities for the new initiative Limmud FSU Europe took place in England. In order to ensure a proper support framework, a partnership agreement was concluded with the Jewish Community Centre London - JW3, an educational, social and community hub in north London.
As a non - profit, our decisions at Limmud FSU must be transparent, our policies justifiable and our practices beyond reproach. We strive to achieve well-coordinated, efficient and accountable organization. The information and documents below demonstrate how we achieve this through the years.
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