The new IRS regulations and conduit theory for 501C3 corporations, the U.S Senate Committee conclusions regarding earmarked funds and the Anti-Terror Acts, have lead to a recent trend where 501C3 corporations open accounts in Israel.
An account in Israel can help the 501C3 in many ways:
- Greater accountability regarding funds transferred for Israeli causes.
- Tracing earmarked donations.
- Cheques received in Israel can be deposited directly to Friends of accounts.
- Control over monies sent to Israel
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