Only 45% of companies listed on the Tel Aviv Stock Exchange made philanthropic donations in 2025, according to a recent market study conducted by ZOOOZ, which manages a philanthropic database for Israel’s business sector.
The study defined philanthropic donations as contributions exceeding NIS 100,000 to the community.
According to ZOOOZ CEO Shlomi Turgeman, philanthropic donations made by Israel’s public companies totaled approximately NIS 800 million in 2025, representing only 10% of all charitable donations in Israel.
“The main reasons why only 45% of public companies donate to the community are that, unlike in various countries around the world, Israel has no regulatory requirement for corporate giving, no official CSR rating on the stock exchange, and no soft penalties for the absence of charitable contributions,” Turgeman said.
The study found that executives of companies listed on the Tel Aviv Stock Exchange still largely adhere to economist Milton Friedman’s conservative management philosophy that “the only role of a business is to maximize profits for shareholders.”
