The Joseph S. and Caroline Gruss Life Monument Fund for Assistance to I.D.F. Ex-servicemen was established in 1988  After establishing itself in the field of scholarship assistance, determining its target populations and establishing the projects division, the Fund has made great efforts to increase and enhance partnerships with other agencies according to the strategic plan approved by the Board of Trustees. This enables the Fund to broaden and deepen its activities and reach many more ex-servicemen. The Fund has grown from a small organization distributing scholarships to a number of target populations to a vast dynamic body affecting the lives of thousands of young men and women throughout the country who have completed their military or national service. The Fund, whose policy is determined by its Board of Trustees, defines its goal to assist ex-servicemen to realize their ambitions and help them to become a contributing, integral part of Israeli society. This goal is achieved by defining target populations and providing services and aid to young ex-servicemen from the periphery (from development towns and rural settlements), new immigrants, lone soldiers, minority groups and those in dire economic need as well as those coming from large families in underprivileged areas.

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The Fund has been making efforts in the past years to create new partnerships in order to be able to broaden its scope of activities. The Fund works closely with the I.D.F., various government municipalities. Having gained knowledge and experience in the field, the Fund is approached by ministries, government, public and private agencies for advice and information.

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The Fund makes a major effort to provide quick, efficient and courteous service to all applicants. The Fund evaluates the programs it supports and is in an on-going search to find appropriate, effective methods to realize its goals throughout the country.