Currently there are 7,800 students enrolled in the Kemach system, with a projected intake of 3,000 applicants who have met the criteria for a scholarship in September 2016. Kemach operates an annual $24m budget with 56% matched by the Israeli government. Kemach is currently supported by founder Mr. Leo Noé of London, the Wolfson Family of New York and Mr. Elie Horn from Brazil, together with a number of generous individuals and key foundations including the UJIA, UJA Federation of NY, the Moshal Scholarship Program, and the JDC. For Kemach to achieve its goal of making a meaningful and permanent change in Israeli society, Kemach intends to encourage at least 3,000 Haredi men each year to join the workforce.
Our budget for the next 5 years is in excess of $120 million. This sum can only be met through a partnership between government, NGOs, philanthropic organizations and individuals. We now require substantial future partners who understand the significance of this work in the Haredi sector as critical to the sustainable growth of the Israeli economy as a whole. The Kemach Foundation is dedicated to fiscal responsibility and transparency. Kemach employs an internal comptroller as well as an independent accounts team and are audited by one of Israel’s leading international accountancy firms, BDO.
Annual Operating Budget 2016
Income (in thousand USD$)
Kemach: Private Funding and Partnerships: $6,010
Government Funding and University discounts: $18,310
Expenditure (in thousand USD$)
Student Guidance Centre: $1,191
Administration: Payroll, Resource Development, Fixed Assets: $851
Scholarships: Private Scholarships funded by Kemach, Government funded scholarships, direct funding and reductions from Academic and Vocational institutions, CHE interest paid student loans and Living subsidies for full time engineering and medical students: $19,958
Jerusalem Job Centre: $2,320