Who We Are Keren Shemesh – the Beit Shemesh Development Fund. Making a difference in the lives of children in Bet Shemesh Keren Shemesh – the Beit Shemesh Development Fund, was founded in July 2005 and is the leading non-profit organization in the city. The main goal of the Fund is to improve the lives of the residents of Beit Shemesh, to invest in education and improve cultural activity in the city. Our Board of Directors is composed of local residents, some immigrants to Israel from the west and some native born Israelis. The members of our board have a strong sense of volunteerism and are actively involved in and contribute to all aspects of life in the city. The Fund has tax deductible status from the Ministry of Finance of Israel and is recognized to receive donations by the PEF Endowment Fund in the United States. Our Fund has a General Director, Chairman of the board and a Board of Directors.