From the first time he had resources, George Ostrovsky pursued ways to support his extended family and causes and institutions in Brazil, the US and in Israel. He was first active as a philanthropist in Israel prior to statehood and in 1972 decided to concentrate his efforts on establishing the Jerusalem Film Centre. The facility which includes a cinematheque and archive was also provided with operating, programming and collections resources.

In 1987, this granting entity became the Ostrovsky Family Fund (OFF) and shifted to a broader mission to encourage progressive arts initiatives. Institutional and individual projects, especially those related to independent, experimental and avant-garde shorts, features and documentaries and cinema preservation are a priority. Institutions and individuals in Brazil, USA and Israel are eligible for support but must be invited to apply. Proposals from invitees are considered throughout the year.

Projects with matching funding receive preferred status.