The U.S.-Israel Binational Science Foundation (BSF) promotes scientific relations between the U.S. and Israel by supporting collaborative research projects in a wide area of basic and applied scientific fields, for peaceful and non-profit purposes. Since its inception, the BSF has awarded over $1 Billion to over 5,500 research projects. The foundation promotes scientific relations between the U.S. and Israel by supporting collaborative research projects in a wide area of basic and applied scientific fields, for peaceful and non-profit purposes. Founded in 1972 by an agreement between the United States and Israel, the BSF is an independent body, directed by a board of governors consisting of five American and five Israeli members. Its base of operation is in Israel.