Ir David Foundation, commonly known as Elad [El'ad] (Hebrew: אלע"ד, an acronym for "אל עיר דוד", meaning "to the City of David") is a Jerusalem-based,Israeli association which aims to strengthen the Jewish connection to Jerusalem, create a Jewish majority in Arab neighborhoods of East Jerusalem and renew the Jewish community in the City of David, which is also part of the neighborhood of Silwan. The foundation works to achieve its goals by tourism, education, archaeological excavations and obtaining homes in the area to establish a Jewish presence.
"Ir David" - or the City of David is the name given to a site beyond the southern edge of Jerusalem's Temple Mount and Old City, with the Tyropoeon Valley on its west, the Hinnom valley to the south, and the Kidron Valley on the east. Modern Jewish settlement on the ridge began in the City of David began in 1873-1874, when the Meyuchas family, a Jewish rabbinical and merchant family that had lived in Jerusalem since their expulsion from Spain, moved a short distance outside the city walls to a house in the area. With the outbreak of 1936 riots Jews were advised by the British authorities to leave the area since they could no guarantee their safety. The foundation was founded in 1986 by David Be’eri a former deputy commander of Duvdevan Unit, with the intention to purchase the former Meyuchas family home and other properties in the city. In 1986 they were granted the authority to work on behalf of the Jewish National Fund to reclaim land in the area. For a long time, Elad refused to provide the names of its funders and when they did they request successfully that the names be kept under privilege. In 2016 the Israeli newspaper Haaretz revealed that the organization received 450 million shekels (US$115 million) in donations between 2006 and 2013. Most of the money came via corporations in international tax havens whose owners could not be identified.