Bruce Rappaport and his wife Ruth Rappaport established The Bruce and Ruth Rappaport Foundation to serve as the primary philanthropic vehicle for their vision. As Bruce’s business flourished, Ruth and Bruce’s commitment to serving the greater community began to unfold. They would come to donate their wealth to the fields of medicine and medical research, education, arts, culture and sport, mother and child welfare, social justice and the advancement of female empowerment in Israel and around the world.

In 1979, The Bruce and Ruth Rappaport Faculty of Medicine at the Technion in Haifa was established and this remains today one of the most significant projects in the Rappaport Family’s philanthropic legacy. It exemplifies the deep connection that the Rappaport Family and the Foundation have with Haifa, the Technion, and with medical education and research. Founded in 1997, the Foundation has contributed substantial resources towards the establishment of the Ruth Rappaport Children's Hospital at The Rambam Medical Center in Haifa. The hospital, opened in 2014, is the largest state-of-the-art paediatric medical center in the north of Israel. In addition, the Foundation provides funding to the Rappaport Institute for Biomedical Research in Haifa, the Tel Aviv Museum of Art, Tel Aviv University, the Israel Philharmonic Orchestra and numerous other cultural institutions

Along with its contributions to Jewish and Israeli institutions, the Foundation also supports education and child welfare in Africa, and has made major contributions to health, medical research, education and arts and culture in Switzerland and Monaco.

The late Ruth and Bruce Rappaport both possessed the ambition, vision and generosity to combine their remarkable success in business with their love for culture and art and with a strong sense of social responsibility in Israel and worldwide. With these unique attributes, they devoted themselves to the promotion of culture, science, health and education for the betterment of humanity.

Over the years, the Foundation has followed the vision of its founders to deliver impact in giving in the philanthropic context in Israel and elsewhere and it is actively involved in a variety of social impact projects. Among others, the Foundation advocated and financially supported the production of the Greenbook on art as a driver for social change in Israel, a guide to intelligent giving, helping donors maximise their philanthropic endeavours in Israel.

In 2006, the Foundation inaugurated the Rappaport Prize, which today is awarded in three areas: Art (in collaboration with the Tel Aviv Museum of Art), Excellence in Biomedical Research (in collaboration with the Rappaport Institute for Biomedical Research at the Technion) and Women Generating Change in Israeli Society (in collaboration with Keshet media group; previously in collaboration with Globes and 'La’Isha' magazine).