In 2007, the Kemach Foundation was established to become an investor in the sector's social and economic development and provide opportunities for employment. Through the philanthropy of Leo Noé of London, later joined by the Wolfson family of New York and Elie Horn from Brazil, Kemach has facilitated academic and vocational training. With a $22m budget, including government funding, Kemach provides individualized career assessment, academic or vocational scholarships, and job placement for the entire Haredi population in Israel. The Foundation is managed by specialists who, coming from the Haredi sector themselves, are familiar with the community's needs and sensitivities. By April 2014, more than 17,800 Haredim have received the services of Kemach, and more than 7,500 have received, or continue to receive, monthly scholarships to fund their academic or vocational studies. From 500 graduates, the net benefits to the government would be 80.8 million NIS if they work for one year, 572.3 million NIS if they work for 5 years, and 2.8 billion NIS (discounted) if they work for 30 years.