Reports and Financial Accountability
Limmud FSU's financial operations are meticulously managed under the guidance of our Executive Committee, with a dedicated senior staff overseeing crucial aspects such as budgeting, cash flow, and report consolidation. Leading this effort is our Executive Director, Natasha Chechik, who ensures that our budget is on point and oversees our myriad activities, including their financial dimensions. The stellar professional team under her leadership also manages two affiliated entities formed by Limmud FSU:
Limmud FSU International Foundation
In January 2008, the Limmud FSU International Foundation was incorporated in the State of Delaware, and subsequently recognized by the the U.S. Internal Revenue Service (IRS) as a tax-exempt, non-profit charity under section 501c3. Since 2014, the Limmud FSU International Foundation maintains a full accounting system, with support from professional accountancy firms. It carries out transactions through its own banking facilities.
Limmud FSU International Foundation board comprises nine dedicated members: five from the U.S. and four from other nations. The Founding Chair of Limmud FSU leads as the Board Chair, while the Co-Founder serves as the President. Additionally, Limmud FSU's Executive Director holds the same title within the Foundation.
The Limmud FSU International Foundation serves as the primary legal and financial entity for the Limmud FSU organization in the United States and globally. It handles grant applications, monetary agreements, and related transactions, entering into contracts with various entities, including organizations in New York and California, as well as global service providers like tour operators for our conferences.
As the main (or 'parent') body of the organization, the foundation plays a pivotal role in the administration, funding, and overarching governance of all Limmud FSU activities worldwide.
The foundation is also the primary source of funding for the organization. This central body provides strategic direction and support to its various arms, maintaining a cohesive vision and operational standards across all branches.
Limmud – Russian Speakers, Israel
Established in March 2011 on the initiative of Limmud FSU International Foundation, Limmud– Russian Speakers, Israel (LRSI) is a recognized Israeli non-profit member organization ("amuta"). It boasts ten members. Three of them are part of the Executive, while two others sit on the Audit Committee, in line with Israeli regulations.
Limmud–Russian Speakers, Israel was established at the initiative of the Limmud FSU International Foundation to implement all Limmud FSU programs in Israel and to provide assistance both in Israel and abroad for the execution of its other conferences and general management support functions, particularly the payment of expenses incurred in Israel for global operations.
There is an Agreement of Cooperation between LRSI and the Limmud FSU International Foundation that delineates these various activities, the provision of funding from the Limmud FSU International Foundation to LRSI, and the procedures for LRSI reporting to the Limmud FSU International Foundation.
However there is no duplication of administrative functions. The required professional accounting services are undertaken by an outside CPA firm, and Limmud FSU International Foundation Executive Director serves as the Executive Director of Limmud-Russian Speakers, Israel.
Limmud of Ukraine
LIMMUD OF UKRAINE (LoU) was established as an independent charitable trust, in 2013, by the initiative of Limmud FSU International Foundation. 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 (Limmud FSU 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 Limmud FSU International Foundation, similar to the one with Limmud Russian Speakers, Israel, 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
Limmud FSU's operating body in Canada is Limmud FSU Canada. Limmud FSU Canada is a registered Canadian Charity and is eligible to issue tax receipts. Limmud FSU Canada is listed in the CRA’s online database of all registered Canadian charities.
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 Europe and United Kingdom
Stichting Limmud FSU Europe operates as another branch, extending the organization’s reach and impact across European countries. Limmud FSU's Executive Director is a board member of Stichting Limmud FSU Europe.
Annual Reports
As a non-profit organization, Limmud FSU is committed to upholding the highest standards of transparency, accountability, and integrity. Every decision we make must be transparent, every policy justifiable, and every practice beyond reproach. We believe that these principles are not only essential to maintaining the trust of our community and stakeholders but also to achieving our mission with the utmost efficiency and effectiveness.
Our goal is to create a well-coordinated, efficient, and accountable organization that consistently meets the needs of the communities we serve. This commitment drives us to ensure that our internal processes are meticulously managed and that our operations are aligned with our values of fairness and transparency.
The information and documents provided at the top of this page are a testament to our dedication to these principles. They demonstrate how, over the years, we have consistently worked to maintain and enhance our organizational practices, ensuring that every aspect of our work reflects our commitment to ethical and responsible governance.
By making this information available, we not only comply with legal and regulatory requirements but also reaffirm our ongoing promise to operate in a manner that is open, honest, and fully accountable to our supporters and beneficiaries.