Reports and Financial Accountability
The overall financial management of Limmud FSU operations, including budgeting, cash flow management, processing income and expenses, monitoring and consolidation of reports, is carried out under the direction of the Executive Committee by a small senior staff team.
Limmud FSU's Executive Director, Natasha Chechik, is responsible for the execution of the budget and the general coordination of all activities, including their financial aspects. She is assisted in budgeting, cash flow and contracts management by the Financial and Management Consultant, Chaim Nagus. Deborah Lipson is responsible for preparation of grant applications and follow-up reports on conferences and other projects and for the general dissemination of information on LFSU activities.
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) -
Limmud FSU International Foundation
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 in California, 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. Initially, part of the financial activity was performed on the FOUNDATION’s behalf by JDC acting as its fiscal sponsor, though this function has been inoperative since 2016.
Limmud – Russian Speakers, Israel
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.
Partner Funding Organizations
The two main Partner Organizations with which LFSU works are the JDC and JAFI. They both allocate funding to LFSU programs:
JDC and JAFI
JDC is still formally a fiscal sponsor for Limmud FSU International Foundation with which it has an agreement for this purpose. As such, JDC was until 2014 the main recipient of contributions for LFSU, usually from US based organizations and charitable foundations. It also gives a major annual allocation to LFSU. Since 2017 no fiscal operations are carried out by JDC on Limmud FSU’s behalf.
JAFI also makes an allocation to LFSU. LFSU is also listed as a designated project within JAFI's accounts. As such, JAFI receives grants and contributions for LFSU projects, holds monies on LFSU's behalf and disburse funds upon LFSU's request.
Limmud of Ukraine
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 submits funding applications to international bodies and has received substantial grants for Limmud events in Ukraine – a process which was severely restricted when working through another body.
Partners for Implementation – Local Operating Agents
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.
In Canada and Australia
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.
In the United Kingdom
The first round of activities for 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. For the second event in Vienna in 2020, an agreement was concluded with ARIE - Fund for Jewish Identity eV, a public benefit association.
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 on the top of this page demonstrate how we achieve this through the years.