Keren Keshet The Rainbow Foundation is an independent non-profit foundation based in New York, New York. Established in 1999, the foundation primarily supports Jewish educational and cultural progra It focuses on the areas of communication media, education, foundations, health, hospital care, in-patient medical care, information and communications, philanthropy and publishing. The assets of the foundation are managed by an executive management team.Keren Keshet The Rainbow Foundation's investment portfolio is valued at over $180.4 million, with investments in domestic and foreign equities, real estate, fixed income, private equity, and cash.