62% of donations in Israel come from abroad

"Philanthropy in Israel is still based on a lot of foreign funding and the relative increase in Israeli donations doesn't reflect the wealth is Israeli society," claims Professor Hillel Shmidt, a senior faculty member at the Hebrew University of Jerusalem and director of the Center for the Study of Philanthropy.

According to new data set to be published by the center, Israeli philanthropy makes up only 0.7% of the Gross Domestic Product compared with 2.1% in the U.S. and 0.73% GDP in England.