Yachad Fund
No one is left behind
“Yachad Fund – a social initiative for generations” is a registered non-profit organization
Always Together.
We are here, inviting you to be part of a community of compassion.
The Yahad Fund unites tens of thousands of families who together constitute a safety net for a family that has experienced a disaster with the passing of a parent. Our aim is to provide significant long-term financial support for every orphan in the family from age 0 to age 30* in the amount of up to 150,000 NIS. The grant money for orphans is collected as a one-time donation from the members of the fund in the amount of up to 64 NIS. The collection is not a fixed monthly collection and is only triggered if there is a death in the same month of a member of the fund.
* Eligibility is for single orphans up to the age of 30, married under the age of 30 and up to two years from the date of their marriage are entitled to partial support.
During
We helped
Were collected
₪
What is the Yachad Fund?
The Yachad fund is a project that addresses the economic hardship of families
facing the premature loss of a parent. A broad range of families contribute to provide financial
security to a family that has experienced a tragedy.
No fixed monthly payment
Only in the event of death, will the fund collect payment from each member as needed that month – up to NIS 64.
Compassion
Collected funds and any accumulated profits will be used exclusively by the orphaned families
Discreet collection
Reducing the phenomenon of “public appeals” after tragedies and maintaining the privacy and dignity of families
Q & A
In the case of the passing of a parent, basic life insurance policies do not always provide sufficient funds for each child to start their adult life with appropriate financial stability.
In any case, the collection amount will not exceed NIS 64 per month
In the event of a death, a savings account will be opened for each of the family’s unmarried children under 30. (The committee may decide, if there is a special need, to open an account also for a child who marries within two years prior to the passing).
Absolutely. A couple without children or whose children are already grown can connect to the fund, as an act of a charitable gift.
In the event of a death, a fund will be opened for each of the family’s unmarried children under 30. (The committee may decide, if there is a special need, to open a fund also for a child who has married within two years prior to the passing).
Yes, so that his or her future children will be included in the fund.
After a tragedy, a representative of the fund will meet with the family to examine the family’s financial situation (which may take several weeks). A collection is then made from the fund members and the money will immediately be transferred to the family’s account managed by the fund.
The number of members is unlimited. As more families join, the burden on the families of the subscribers in the event of a tragedy will be smaller, and more families will be financially protected in the event of the death of one of the parents.
A grandparent can register the families of his or her married children, but a paid subscription must be created for each family separately.
We provide full transparency – the number of members is updated on the fund’s website.
How does the Fund operate?
The Yachad Fund is a broad network of families who together provide long-term financial support to families following the death of a parent.
01
In the event that a disaster occurs, the family members usually contact the fund’s management or Karen Yahad will, upon hearing about a death, contact the family and inform them about their membership in the fund.
02
After the seven days of mourning, in coordination with the family, the representatives of the fund meet with the family. They conduct a financial examination to determine the amount that the family will receive for each orphan.
03
After the fund committee approves the recommendation of their representatives who met with the family, a one-time donation is collected from all members of the fund. The collection will not exceed 64 NIS per month which includes a 4 NIS commission for the ongoing management and operation of the fund.
04
The funds are deposited in bank accounts in the names of the orphans, and invested in investment channels recommended by the fund’s investment committee until the redemption date.
The money will be transferred to the family’s children for academic studies, for wedding expenses or when they reach 30 years of age.
