uabb domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/sites/lawfirmbackup_200125/wordpress/wp-includes/functions.php on line 6131This article addresses Israeli regulations on registering and preserving an Israeli non-profit organization\u2019s assets<\/p>\n
Our law office has experience in a variety of fields, including Israeli non-profit law.\u00a0 This article is one in a long series focusing on what you need to know about non-profits or charitable organizations (an amutah <\/em>in singular and amutot <\/em>in plural) in Israel.\u00a0 This series of posts gives important information on various rules for proper and legal management of non-profit organizations in Israel in order to better help you administer your Israeli non-profit organization.<\/p>\n For more information on the Israeli Corporations Authority which oversees Israeli non-profit organizations, see the government website<\/a>.\u00a0 For more articles from an Israeli lawyer and legal advice for Israeli non-profit organizations related to the topic of this article, see our articles about the name, logo and objectives<\/a> of an\u00a0amutah,\u00a0<\/em>regulations on using the non-profit organization’s assets<\/a> and rules on transferring funds<\/a>.<\/p>\n There are particular procedures that must be followed to register a non-profit organization’s assets.\u00a0 There are separate procedures involved to preserve the assets, often by investing them so they do not lose their value.<\/p>\n If registration is required for an asset that is purchased for use by the Israeli non-profit organization, the Executive Board must ensure that the amutah\u2019s <\/em>rights are maintained.\u00a0 The registered asset must be registered in the name of the amutah<\/em> only, and not in the name of the individual in the amutah <\/em>who is using it.\u00a0 For example, the Israeli non-profit organization is permitted to purchase a vehicle to promote the amutah\u2019s <\/em>objectives, and it must be registered in the name of the amutah<\/em> only.\u00a0 Additionally, the type of car purchased should be reasonable and take into account the financial turnover of the Israeli non-profit organization.<\/p>\n The Israeli amutah<\/em> must try and maximize the use of its assets, getting the most benefit from them.\u00a0 Assets can include property, goods, shares and more.\u00a0 In general, when making major purchases of an asset, including cars, Israeli non-profit organizations should have a protocol in place regarding who must approve it, for example, directors, the Executive Board, etc.<\/p>\n If an Israeli non-profit organization has excess funds, they must be invested so they do not lose their value.\u00a0 The Executive Board must be involved in this decision.\u00a0 Purchased items need to be taken into account as they can depreciate in value, which is also expressed in the financial reports.\u00a0 Investing is one way to save excess funds\u2019 value in light of depreciation.\u00a0 See the article entitled \u201cRegulations and Israeli Nonprofit Assets<\/a>\u201d for more information on this.<\/p>\n If an Israeli non-profit organization wants to transfer assets, it can only do so if it has a receipt for this.\u00a0 It must consider if transferring assets meets the giving organization\u2019s objectives.\u00a0 It must also abide by rules regarding transferring funds.\u00a0 If you are in doubt about transferring assets, consult with a lawyer to ensure that there is no improper distribution of resources.<\/p>\n If you are interested in registering and preserving an Israeli non-profit organization\u2019s assets, we can help.\u00a0 If you are registering a non-profit organization (whether an amutah<\/em> or cheletz<\/em>) or wish to make sure you are managing it according to updated laws and regulations, please contact us.<\/p>\n Advocate Joshua Pex specializes in Israeli non-profit law and would be happy to discuss the needs of your non-profit organization with you.<\/p>\n [author_and_contact_info]\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" This article addresses Israeli regulations on registering and preserving an Israeli non-profit organization\u2019s assets This Series of Posts Our law office has experience in a variety of fields, including Israeli non-profit law.\u00a0 This article is one in a long series focusing on what you need to know about non-profits or charitable organizations (an amutah in…<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[185],"tags":[271,272,273],"class_list":["post-8964","post","type-post","status-publish","format-standard","hentry","category-non-profit-organizations-en","tag-preserving-assets","tag-registering","tag-registering-amuta-assets"],"acf":[],"yoast_head":"\nRegistering and Preserving an Israeli Non-Profit Organization\u2019s Assets<\/strong><\/h4>\n
Registering the Israeli Non-Profit Organization\u2019s Assets<\/h4>\n
<\/p>\nPreserving the Israeli Non-Profit Organization\u2019s Assets<\/h4>\n
Contact Us<\/h4>\n