As scrutiny continues to mount over United Hatzalah’s fundraising and finances, another detail about its founder has come into view. Eli Beer, best known for building the emergency response organization into an international brand, is also a partner at Gindi Equities, a New York–based real estate investment firm. Beer’s leadership of a high-profile nonprofit alongside his role in a private investment business is not in itself unusual, but in light of the current questions surrounding United Hatzalah’s money trail, it is worth noting. According to filings, the U.S. branch of United Hatzalah reported raising roughly $144 million in 2023, while the Israeli entity reported receiving $77.8 million. That leaves more than $60 million unexplained between the two sets of documents. The Israeli filings also list a $19.8 million surplus, even as the group was appealing for donations to address urgent shortages on the ground. Donors say they want clarity on how those figures reconcile.
Gindi Equities, by contrast, operates squarely in the private market. The firm manages more than $300 million in assets across some 3,200 units, with property deals routinely running into the tens of millions. In 2021 it bought the 104-unit Cedar Ridge Apartments in North Carolina for $10 million and sold them three years later for $13.5 million. That same year it arranged a $30.3 million loan to acquire the Chapel View complex in Chapel Hill, and in 2024 it purchased the 423-unit Ashbrook Village community for $37.2 million. These transactions illustrate the scale of the business. There is no suggestion of wrongdoing by Gindi Equities. Still, Beer’s position in a company handling large real estate investments sits against the backdrop of unanswered questions about how United Hatzalah raises and allocates the vast sums it solicits from the public.
Your issue is your whole premise is false. Your accusing an organization of stealing funds based on form 990s you clearly dont know how to read.
You love comparing UH to MDA, have you looked at MDAs 2023 990?
I would assume not
Maybe you forgot but October 7 was in the last quarter of the year. Fundraising started late and was strong thru end of the year. The money raised was not all sent to Israel due to timing and needs. Like I said go look at every other israel organization and you will see the same.