Founded in 1992 under the leadership of Harav Hagaon Shlomo Zalmen Auerbach zt”l and Harav Hagaon Yosef Shalom Elyashiv zt”l, Vaad Harabanim L'Inyanei Tzedaka B'Eretz Hakodesh based on the following principles: Firstly, Klal Yisrael needs a reliable address for sending their tzedakah money. They should know that all their donations, down to the last cent, are managed faithfully and strictly according to Halachah. No less important is the second principle, that the needy must have somewhere to turn when a crisis strikes.
Over three decades later, Vaad Harabanim continues to function with the guidance of the Gedolei Hador and in accordance with its founding principles.