Caesarea Foundation profits from tax exemption
Extensive business operations and a tax-exempt status have paid off handsomely
for the Rothschild Caesarea Foundation and its subsidiary Caesarea Edmond
Benjamin de Rothschild Development Corporation.
The foundation's financial
resources increased by over 150% from NIS 510 million in 1998 to NIS 1.3 billion
in 2010, but despite a NIS 476 million liquidity surplus at the end of 2010, the
foundation donated only NIS 21 million to promote higher education in
The figures were published by the State Comptroller in the annual
report for 2010-11, published in May 2012.