Tmura – The Israeli Public Service Venture Fund is a foundation founded in 2002 to increase the involvement of the high-tech community in non-profit activity in Israel, with a focus on education and other youth related initiatives.
Tmura receives donations of equity from Israeli and Israel-related high-tech companies and, upon a liquidity event, allocates the proceeds to education- and youth-related charities in Israel.
Tmura also generates additional funding for the community by operating matching grants programs and managing corporate foundations.
To support educational initiatives and youth opportunities, among other charitable activities in Israel, by sharing in the wealth being created by the country’s technology sector.
To develop a “culture of giving” within the high-tech sector, in a way that addresses the capabilities and constraints of growth companies.
Tmura is the Hebrew word for change or metamorphosis and also means value for money; it is also a play on the word “truma”, which means donation.
Or… you may prefer our creative dictionary definition:
tmu·ra \tmu-ra’\ n and v [akin to truma gift] (21c) 1: the option to create change: as a: changing society for the better b: changing the way the technology sector thinks about value(s) 2: giving the gift of equity esp.: profitable sharing with future(s) in mind.