2024-05-22T13:45:47-05:00 2023-09-30 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2022-10-01 131568923 AMERICAN FRIENDS OF HEBREW UNIVERSITY INC AMER 2126078500 199 WATER STREET 11TH FLOOR NEW YORK NY 10038 ELISSA FISHMAN CFO 2126078500 2024-05-22 1 ELISSA FISHMAN XXX-XX-XXXX 0 SCOTT THOMPSETT P00741490 2125990100 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOSHUA REDNIK 199 WATER STREET 11TH FLOOR NEW YORK NY 10038 196649844 0 X WWW.AFHU.ORG X 1931 NY SUPPORT THE HEBREW UNIV. OF JERUSALEM, ISRAEL'S FOREMOST CENTER OF HIGHER EDU. & RESEARCH. 55 54 52 216 104717 8317 63169463 56988754 0 786056 41518429 27213864 -681 -637466 104687211 84351208 68966086 56335213 0 0 8745961 8586545 266735 257700 6622948 5076499 5797069 83055281 70976527 21631930 13374681 754104894 816537803 38036441 40111611 716068453 776426192 X SEE SCHEDULE O 0 0 59725812 56335213 786056 THE AMERICAN FRIENDS OF THE HEBREW UNIVERSITY'S (AFHU) PRIMARY EXEMPT PURPOSE IS TO PROMOTE, ENCOURAGE, AID AND ADVANCE HIGHER AND SECONDARY EDUCATION, RESEARCH AND TRAINING IN ALL BRANCHES OF KNOWLEDGE IN ISRAEL AND ELSEWHERE, AND TO AID IN THE MAINTENANCE AND DEVELOPMENT OF THE HEBREW UNIVERSITY OF JERUSALEM IN THE STATE OF ISRAEL (THE "HEBREW UNIVERSITY"). GRANTS AWARDED TO HEBREW UNIVERSITY INCLUDE, BUT ARE NOT LIMITED TO, THOSE FOR SCHOLARSHIPS AND FELLOWSHIPS, RESEARCH, CAPITAL PROJECTS, FACULTY RECRUITMENT, AND EQUIPMENT. 59725812 1 1 0 0 0 1 0 0 0 1 1 1 0 1 1 1 0 1 0 0 1 1 0 1 1 0 0 1 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 1 0 0 1 52 1 1 1 1 IS 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 55 54 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X X ARIEL LONDONO CFO 2126078569 199 WATER STREET 11TH FL NEW YORK NY 10038 X CLIVE KABATZNIK PRES. (THRU 05/23)/BOARD CHAIR 10.00 0.00 X X 0 0 0 PAMELA N EMMERICH SEC. (THRU 05/23)/PRESIDENT 10.00 0.00 X X 0 0 0 MARC O MAYER HONORARY CHAIR 10.00 0.00 X X 0 0 0 JOSHUA OLSHIN TREASURER 5.00 0.00 X X 0 0 0 FRANCES KATZ DIRECTOR 1.00 0.00 X 0 0 0 DR MICHAEL S KURTZ HONORARY CHAIR 1.00 0.00 X X 0 0 0 I STEVEN EDELSON SECRETARY (AS OF 05/23) 1.00 0.00 X X 0 0 0 KENNETH L STEIN ESQ VICE PRESIDENT 1.00 0.00 X X 0 0 0 RONALD M ZIMMERMAN VICE PRESIDENT 1.00 0.00 X X 0 0 0 ETY ALCALAY DIRECTOR 1.00 0.00 X 0 0 0 JOHN H BAUMAN DIRECTOR 1.00 0.00 X 0 0 0 BARRY BERKETT DIRECTOR 1.00 0.00 X 0 0 0 ANNETTE BLUM DIRECTOR 1.00 0.00 X 0 0 0 JAMES BLUM DIRECTOR 1.00 0.00 X 0 0 0 ROBERTA BOGEN DIRECTOR 1.00 0.00 X 0 0 0 STANLEY M BOGEN DIRECTOR 1.00 0.00 X 0 0 0 JOYCE BRANDMAN DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL CYPERS DIRECTOR 1.00 0.00 X 0 0 0 JANE FEINSTEIN DIRECTOR 1.00 0.00 X 0 0 0 PETER FEINSTEIN DIRECTOR 1.00 0.00 X 0 0 0 RUTH FLINKMAN-MARANDY DIRECTOR 1.00 0.00 X 0 0 0 STEVE FRANKEL DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL J FREED DIRECTOR 1.00 0.00 X 0 0 0 JULIE GAL DIRECTOR 1.00 0.00 X 0 0 0 MARK GENENDER DIRECTOR 1.00 0.00 X 0 0 0 PATRICIA L GLASER DIRECTOR 1.00 0.00 X 0 0 0 STEVEN GOOD DIRECTOR 1.00 0.00 X 0 0 0 RICHARD GOODMAN DIRECTOR 1.00 0.00 X 0 0 0 NEAL GROSSMAN DIRECTOR 1.00 0.00 X 0 0 0 ARTHUR GUTTERMAN DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM H ISACOFF DIRECTOR 1.00 0.00 X 0 0 0 RENAE JACOBS-ANSON DIRECTOR 1.00 0.00 X 0 0 0 HELEN JACOBS-LEPOR DIRECTOR 1.00 0.00 X 0 0 0 EMMA JOELS DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM KILBERG DIRECTOR 1.00 0.00 X 0 0 0 BARRY H LIPPMAN DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL LOBEL DIRECTOR 1.00 0.00 X 0 0 0 MINDY MANN DIRECTOR 1.00 0.00 X 0 0 0 JAMES E MATANKY DIRECTOR 1.00 0.00 X 0 0 0 BENO MICHEL DIRECTOR 1.00 0.00 X 0 0 0 BARBARA NATTERSON-HOROWITZ DIRECTOR 1.00 0.00 X 0 0 0 ANNETTE PAKULA DIRECTOR 1.00 0.00 X 0 0 0 DAVID RICANATI DIRECTOR 1.00 0.00 X 0 0 0 RICHARD ROTHSCHILD DIRECTOR 1.00 0.00 X 0 0 0 STEVEN C RUBINOW DIRECTOR (THRU 05/23) 1.00 0.00 X 0 0 0 HERBERT L SACHS DIRECTOR 1.00 0.00 X 0 0 0 SAM SANDLER DIRECTOR 1.00 0.00 X 0 0 0 GEORGE A SCHIEREN DIRECTOR 1.00 0.00 X 0 0 0 DANIEL I SCHLESSINGER DIRECTOR 1.00 0.00 X 0 0 0 SHERYL SCHWARTZ DIRECTOR 1.00 0.00 X 0 0 0 MARC SELTZER DIRECTOR 1.00 0.00 X 0 0 0 LYNNE G SILBERT DIRECTOR (THRU 05/23) 1.00 0.00 X 0 0 0 BARRY SKOLNICK DIRECTOR 1.00 0.00 X 0 0 0 DAVID BRUCE SMITH DIRECTOR 1.00 0.00 X 0 0 0 ROBERT SNYDER DIRECTOR (THRU 05/23) 1.00 0.00 X 0 0 0 IRA LEE SORKIN DIRECTOR 1.00 0.00 X 0 0 0 ERIC C STEIN DIRECTOR 1.00 0.00 X 0 0 0 MARY ANN TUFT DIRECTOR 1.00 0.00 X 0 0 0 RICHARD S ZIMAN DIRECTOR 1.00 0.00 X 0 0 0 BETH MCCOY CEO EMERITA 50.00 0.00 X 540323 0 84029 JOSHUA REDNIK CEO 50.00 0.00 X 414481 0 42347 ELISSA FISHMAN CHIEF FINANCIAL & OPERATIONS OFF. 50.00 0.00 X 361257 0 48637 MONICA LOEBL NAT'L DIRECTOR OF DEVELOPMENT 50.00 0.00 X 322965 0 44828 SHERI KAUFER EXECUTIVE DIR - WESTERN REGION 40.00 0.00 X 321045 0 35625 EILEEN HUME CHIEF STRATEGY OFFICER 40.00 0.00 X 315380 0 60741 GLENNYS HUHN CHIEF HUMAN RESOURCES OFFICER 40.00 0.00 X 278472 0 23351 JUDITH SHENKMAN EXECUTIVE DIR-MIDWEST REGION 40.00 0.00 X 224956 0 42171 MAURA MILLES EXECUTIVE DIRECTOR - NY REGION 40.00 0.00 X 229354 0 53739 3008233 0 435468 22 0 1 0 ELECTRIC SYMPHONY MEDIA PO BOX 21940 NEW YORK NY 10087 MARKETING AND ADVERTISING 549018 GIANT LEAPS CONTENT ACTIVITIES PO BOX 3794 MEVASERET IS TRAVEL SERVICES 475507 SECURITY CAPITAL RESEARCH & MANAGEMENT I CHASE TOWER 10 SOUTH DEARBON ST CHICAGO IL 60606 INVESTMENT MANAGEMENT FEES 340664 FUSE FUNDRAISING 12355 SUNRISE VALLEY DR STE 240 RESTON VA 20191 MARKETING AND ADVERTISING 294720 ONLINE COMPUTERS & COMMUNICATIONS LLC PO BOX 428 FLORHAM PARK NJ 07932 IT CONSULTING 256219 12 495400 56493354 1587420 56988754 REGISTRATION FEES 900099 786056 786056 786056 12818888 104717 12714171 46249 46249 62823 0 62823 62823 62823 125863624 111468648 14394976 14394976 14394976 83450 495400 829988 -746538 -746538 84351208 786056 104717 26471681 105540 105540 56229673 56229673 2030347 370256 700433 959658 4968743 924674 1342826 2701243 307310 57947 103306 146057 829043 148842 303921 376280 451102 83635 131054 236413 80033 1928 72397 5708 264200 264200 257700 257700 709777 709777 369636 81385 52227 236024 511708 110808 400900 335682 42883 158588 134211 352676 5129 331395 16152 764637 109856 272652 382129 512476 209169 83964 219343 94100 23475 23275 47350 67615 9742 25248 32625 149010 26995 39962 82053 EVENTS 1115755 1115755 PRINTING AND LETTERSHOP 236550 59539 590 176421 DIRECT MAIL 183567 11 183556 MISCELLANEOUS EXPENSES 49647 8570 11952 29125 70976527 59725812 4627767 6622948 3035863 4094159 28743893 21790772 36881733 55645911 1719973 265804 1519451 1454169 430058422 443930620 206979771 235638531 46885761 53983641 754104894 816537803 2893583 1777333 18365460 16826737 16777398 21507541 38036441 40111611 X 21420825 26975750 694647628 749450442 716068453 776426192 754104894 816537803 X 13374681 43913999 -101059 3170118 X 0 1 X 1 0 X 59310975 59244634 48831083 63169463 56988754 287544909 59310975 59244634 48831083 63169463 56988754 287544909 84024723 203520186 12664471 11223227 10070366 11987008 12927960 58873032 280369 65256 136848 1218824 83450 1784747 348202688 1254048 0.58450 0.60470 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING EVENTS - 2018 AMOUNT: $ 280,369. 2019 AMOUNT: $ 65,256. 2020 AMOUNT: $ 136,848. 2021 AMOUNT: $ 1,218,824. 2022 AMOUNT: $ 83,450. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2 55000 204714 1 1 651624236 4215869 57193320 29794202 683239223 803340820 9498262 -132887900 28326946 651624236 652879613 8818935 167655172 26012900 803340820 609777623 7032304 60464829 24395143 652879613 609143086 13055324 10976030 23396817 609777623 0.00420 0.87530 0.12050 1 0 388799 388799 520216 520216 136983 105334 31649 673975 160470 513505 1454169 HEDGE FUNDS 142805476 F PRIVATE EQUITY 46024215 F VENTURE CAPITAL 27185289 F REAL ESTATE 19364111 F STATE OF ISRAEL BONDS 259440 F 235638531 TRUST & SPLIT INT AGREEMENTS 46630371 INT RECEIVABLE & OTHER ASSETS 1606764 OTHER LONG-TERM ASSETS 556188 RIGHT-OF-USE ASSETS 5190318 53983641 LIABILITY UNDER SPLIT INTEREST AGREEMENT 15243602 POST RETIREMENT BENEFIT OBLIGATIONS 675379 LEASE LIABILITY OBLIGATIONS 5588560 21507541 X 129609793 43913999 3170118 47084117 82525676 709777 1115755 1825532 84351208 69150995 0 69150995 709777 1115755 1825532 70976527 PART V, LINE 4: ENDOWMENTS FUNDS THE AMERICAN FRIENDS OF HEBREW UNIVERSITY HOLDS AN ENDOWMENT FOR THE PURPOSE OF GENERATING INCOME THAT WILL ULTIMATELY BE USED TO SUPPORT THE HEBREW UNIVERSITY'S EDUCATIONAL MISSION. PART X, LINE 2: INCOME TAXES THE ORGANIZATION FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS ONLY IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT THE REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE ORGANIZATION IS EXEMPT FROM INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE ORGANIZATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. PART IX, RIGHT-OF-USE ASSETS: THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") IMPLEMENTED A NEW LEASE ACCOUNTING STANDARD THAT BECAME EFFECTIVE FOR AMERICAN FRIENDS OF HEBREW UNIVERSITY IN THE YEAR ENDING SEPTEMBER 30, 2023. THIS ACCOUNTING STANDARD WAS EFFECTUATED TO IMPROVE THE TRANSPARENCY SURROUNDING KEY INFORMATION PERTAINING TO AN EXEMPT ORGANIZATION'S LEASING ARRANGEMENTS (AND TO ENSURE THAT ALL ORGANIZATIONS WERE RECORDING THE TRANSACTIONS UNIFORMLY ON THEIR BALANCE SHEETS). PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT 1,878,224. CHANGES IN ASSETS OF TRUSTS AND OTHER SPLIT-INTEREST AGREEMENTS HELD BY OTHERS 1,149,894. GAIN IN APPRAISED VALUE OF LAND DONATED TO HEBREW UNIVERSITY 150,740. OTHER POST RETIREMENT BENEFIT CHANGES -8,740. PART XI, LINE 4B - OTHER ADJUSTMENTS: EXPENSES RECLASSED TO OFFSET PART IX 1,115,755. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES RECLASSED TO OFFSET PART IX 1,115,755. SCHEDULE D, PART I AFHU IS PROVIDING ADDITIONAL DETAIL ON ITS DONOR ADVISED FUNDS SINCE THE IRS PROVIDED SCHEDULE DOES NOT ACCURATELY REFLECT THE TRANSACTIONS IN THE CURRENT YEAR (WHICH ARE REPORTED ON LINE 3). BEGINNING YEAR BALANCE $250,043 GIFTS TO HU/AFHU ($55,000) INCOME AND DIVIDENDS $9,671 END OF YEAR BALANCE $204,714 0 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING 56229673 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 94786487 MIDDLE EAST AND NORTH AFRICA 0 0 INVESTMENTS 10085180 0 0 0 0 0 0 161101340 0 161101340 MIDDLE EAST/NORTH AFRICA GENERAL 56120673 WIRE 0 MIDDLE EAST/NORTH AFRICA GENERAL PURPOSES OF SCHOOL 51569 WIRE 0 MIDDLE EAST/NORTH AFRICA RESEARCH IN EXPERIMENTAL SURGERY BY THE MEDICAL FACULTY AND FOR LECTURESHIP 48845 WIRE 0 MIDDLE EAST AND NORTH AFRICA VISITING LECTURESHIP 8585 WIRE 0 4 0 1 0 1 1 1 0 PART I, LINE 2: ACTIVITIES OUTSIDE THE UNITED STATES THE AMERICAN FRIENDS OF THE HEBREW UNIVERSITY EMPLOYS THE SERVICES OF A CPA FIRM TO VERIFY THAT GRANTS TO THE HEBREW UNIVERSITY ARE SPENT FOR THE PURPOSES FOR WHICH THE DONOR INTENDED. PART III ACCOUNTING METHOD: FORM 990, SCHEDULE F, PART IV THE AMERICAN FRIENDS OF HEBREW UNIVERSITY (AFHU) INVESTS DIRECTLY IN VARIOUS ALTERNATIVE INVESTMENTS THAT MAY BE ORGANIZED AS EITHER FOREIGN CORPORATIONS OR FOREIGN PARTNERSHIPS; IT, LIKEWISE, INVESTS IN DOMESTIC LIMITED PARTNERSHIPS THAT MAY, IN TURN, INVEST IN FOREIGN CORPORATIONS OR PARTNERSHIPS. NEVERTHELESS, AFHU'S INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR THE FILING OF FORMS 926, 5471, 8621, OR 8865. TO THE EXTENT THAT AFHU IS REQUIRED TO COMPLETE ONE (OR MORE) OF THESE FOREIGN FORMS, IT IS FILED WITH AFHU'S FORM 990-T FILING. X X X X X X X 1 FUSE FUNDRAISING 12355 SUNRISE VALLEY DR STE 240 RESTON VA 20191 DIRECT MAIL SERVICES 0 230543 161700 68843 NEAL P MYERBERG 179 SHORE ROAD OLD GREENWICH CT 06870 PLANNED GIVING 0 120000 96000 24000 350543 257700 92843 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI BEL AIR AFFAIR 280350 253400 26950 158168 41594 51999 85352 PALM BEACH SCOPUS 152600 123500 29100 35853 157293 69080 59115 6 145900 118500 27400 66872 33163 23698 47801 578850 495400 83450 260893 232050 144777 192268 829988 -746538 1 BOSTON UNIVERSITY SCHOOL OF MEDICINE 715 ALBANY STREET BOSTON MA 02118 942539545 501(C)(3) 44576 0 STUDENT EXCHANGE PROGRAM BETWEEN HADASSAH & BOSTON UNIVERSITY. HADASSAH MEDICAL RELIEF ASSOCIATION 40 WALL STREET NEW YORK NY 10005 136110872 501(C)(3) 33035 0 MORTON AMSTERDAM CHAIR IN PERIODONTAL PROSTHESIS IN THE SCHOOL OF DENTAL MEDICINE. AMERICAN SOCIETY FOR TECHNION ISRAEL INSTITUTE 55 EAST 59TH STREET 14TH FLOOR NEW YORK NY 10022 130434195 501(C)(3) 17929 0 ALEXANDER & MARGARET EHRENSTEIN MEMORIAL SKIRBALL CULTURAL CENTER 2701 NORTH SEPULVEDA BLVD LOS ANGELES CA 90049 954538371 501(C)(3) 10000 0 EXHIBIT SUPPORT 4 0 PART I, LINE 2: GRANT MONITORING PROCEDURES GRANTS MADE WITHIN THE UNITED STATES ARE LIMITED TO 501(C)(3) ORGANIZATIONS THAT ARE ACTIVE IN FULFILLING THE CHARITABLE PURPOSES OF THE AMERICAN FRIENDS OF HEBREW UNIVERSITY. GRANTS ARE MADE TO SELECT CHARITIES THAT UNDERTAKE PROGRAMMATIC ACTIVITIES SUPPORTING AFHU AND THUS NO FURTHER MONITORING OF THE GRANTS IS REQUIRED AFTER ISSUANCE. X 0 1 X X X 0 1 0 0 0 0 0 1 0 BETH MCCOY CEO EMERITA 467077 0 71250 0 1996 0 41175 0 42854 0 624352 0 0 0 JOSHUA REDNIK CEO 365981 0 48500 0 0 0 0 0 42347 0 456828 0 0 0 ELISSA FISHMAN CHIEF FINANCIAL & OPERATIONS OFF. 336257 0 25000 0 0 0 13725 0 34912 0 409894 0 0 0 EILEEN HUME CHIEF STRATEGY OFFICER 290380 0 25000 0 0 0 25629 0 35112 0 376121 0 0 0 MONICA LOEBL NAT'L DIRECTOR OF DEVELOPMENT 307965 0 15000 0 0 0 27450 0 17378 0 367793 0 0 0 SHERI KAUFER EXECUTIVE DIR - WESTERN REGION 321045 0 0 0 0 0 24512 0 11113 0 356670 0 0 0 GLENNYS HUHN CHIEF HUMAN RESOURCES OFFICER 253472 0 25000 0 0 0 22811 0 540 0 301823 0 0 0 MAURA MILLES EXECUTIVE DIRECTOR - NY REGION 199354 0 30000 0 0 0 18932 0 34807 0 283093 0 0 0 JUDITH SHENKMAN EXECUTIVE DIR-MIDWEST REGION 214956 0 10000 0 0 0 19889 0 22282 0 267127 0 0 0 PART I, LINE 1A THE CEO EMERITA, BETH MCCOY, RECEIVED A TAX GROSS-UP IN CALENDAR YEAR 2022. THE AMOUNT IS INCLUDED ON HER FORM W-2 AND DISCLOSED ON THIS RETURN AS OTHER REPORTABLE COMPENSATION. PART I, LINE 4B CEO EMERITA, BETH MCCOY, PARTICIPATES IN AFHU'S SECTION 457(F) PLAN. THERE WAS NO CONTRIBUTION INTO MS. MCCOY'S SECTION 457(F) PLAN IN CALENDAR YEAR 2022. PART I, LINE 7 AFHU AUTHORIZED BONUSES TO VARIOUS INDIVIDUALS REPORTED ON THE FORM 990 IN CALENDAR YEAR 2022 BASED ON EACH HAVING EXCEEDED CERTAIN OBJECTIVE PERFORMANCE-BASED CRITERIA. BONUSES ARE RECOMMENDED BY THE CEO AND CHIEF HUMAN RESOURCES OFFICER TO THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS, WHERE SUCH RECOMMENDATIONS ARE DOCUMENTED IN COMMITTEE MEETING MINUTES BEFORE ULTIMATELY BEING AUTHORIZED FOR APPROVAL. NO OFFICER HAS INPUT INTO THE AWARDING OF HIS, HER OR THEIR OWN BONUS. THE CEO'S BONUS IS DETERMINED EXCLUSIVELY BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS, APPLYING THE SAME METHODOLOGIES AS EMPLOYED WITH ALL OTHER EXECUTIVES, BUT ALSO TAKING INTO ACCOUNT THE PARAMETERS OF THE CEO'S WRITTEN EMPLOYMENT CONTRACT TO ENSURE THAT HIS COMPENSATION STAYS WITHIN THE APPROPRIATE BENCHMARKS FOR THE INDUSTRY. MICHAEL KURTZ BOARD MEMBER 32492 INV MGMT 0 SCHEDULE L, PART VI AFHU HOLDS AN INVESTMENT IN UPPER LEFT WEALTH MANAGEMENT, WITH AN APPROXIMATE FMV OF $11,138,674 WHICH IS UNDER THE CONTROL OF A FAMILY MEMBER OF BOARD MEMBER, MICHAEL KURTZ. AFHU PAID THE FIRM $32,492 IN INVESTMENT MANAGEMENT FEES IN THE FISCAL YEAR ENDING SEPTEMBER 30, 2023. X 35 1586420 COST OR SALE PRICE X STATE OF ISRAEL BONDS 1 1000 COST OR SALE PRICE 0 1 1 FORM 990, SCHEDULE M, LINE 32(A) TO THE EXTENT THAT AFHU RECEIVES NONCASH CONTRIBUTIONS OF MARKETABLE SECURITIES, THE ORGANIZATION'S INVESTMENT CUSTODIAN IS TASKED WITH DISPOSING OF THOSE SECURITIES. FORM 990, PART III, LINE 1 - ORGANIZATION'S MISSION AMERICAN FRIENDS OF THE HEBREW UNIVERSITY (AFHU) IS A NATIONAL, NOT-FOR-PROFIT 501 (C)(3) CHARITABLE ORGANIZATION. WE EXIST TO CONNECT THE PASSIONS OF AMERICANS TO THE TALENT AT THE HEBREW UNIVERSITY OF JERUSALEM, ONE OF THE WORLD'S MOST DISTINGUISHED ACADEMIC AND RESEARCH INSTITUTIONS. IN ADDITION TO RAISING AWARENESS FOR THE UNIVERSITY, AFHU'S FUNDRAISING EFFORTS HELP ATTRACT AND RETAIN OUTSTANDING FACULTY, BUILD TEACHING AND RESEARCH FACILITIES, AND PROVIDE SCHOLARSHIPS AND FELLOWSHIPS TO ISRAEL'S NEXT GENERATION OF LEADERS. AFHU'S SUPPORT HELPS THE UNIVERSITY ADVANCE HUMAN UNDERSTANDING IN MYRIAD FIELDS INCLUDING AGRICULTURE, ASTRONOMY, ENERGY, PSYCHOLOGY, MEDICINE, AND MORE. AFHU WAS FOUNDED IN 1925 BY AMERICAN BUSINESSMAN AND PHILANTHROPIST FELIX M. WARBURG. OUR RICH HISTORY GIVES US THE CONFIDENCE TO MOVE FORWARD WITH OUR MISSION. AND WE WILL NEVER STOPBECAUSE KNOWLEDGE MOVES US. FORM 990, PART VI, SECTION A, LINE 2 ROBERTA BOGEN, DIRECTOR AND STANLEY M. BOGEN, DIRECTOR HAVE A FAMILY RELATIONSHIP. JANE FEINSTEIN, DIRECTOR AND PETER FEINSTEIN, DIRECTOR HAVE A FAMILY RELATIONSHIP. KEN STEIN, VICE PRESIDENT AND ERIC STEIN, PRESIDENT OF THE SAN FRANCISCO REGIONAL BOARD HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B 990 REVIEW PROCESS THE ORGANIZATION'S FORM 990 WAS PREPARED BY A NATIONAL ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCE DEPARTMENT. IN APRIL OF 2023, THE ORGANIZATION'S OUTSIDE ACCOUNTING FIRM PRESENTED THE FORM 990 TO THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS TO ENABLE THEM TO FULFILL THEIR DUE DILIGENCE AND OVERSIGHT RESPONSIBILITIES. ONCE APPROVED FOR FILING BY THE AUDIT COMMITTEE, THE FORM 990 IS MADE AVAILABLE TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY MONITORING AND ENFORCEMENT EACH OFFICER, DIRECTOR, TRUSTEE AND KEY EMPLOYEE OF THE ORGANIZATION IS REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THAT ARISE BY VIRTUE OF THEIR EMPLOYMENT, BOARD SERVICE, OR POSITION WITH THE ORGANIZATION. THE ORGANIZATION MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH AN ANNUAL QUESTIONNAIRE/DISCLOSURE STATEMENT THAT IS DISTRIBUTED TO THESE INDIVIDUALS. THE PRESIDENT HAS THE AUTHORITY TO MONITOR THE CONFLICTS OF INTEREST QUESTIONNAIRES AND REPORT THE FINDINGS TO THE BOARD OF DIRECTORS. CONFLICTS, WHEN THEY ARISE, ARE INVESTIGATED IMMEDIATELY. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION ALL BONUS/SALARY RECOMMENDATIONS FOR THE CHIEF EXECUTIVE OFFICER ARE DETERMINED BY THE COMPENSATION COMMITTEE WHICH IS COMPRISED OF THE PRESIDENT, TREASURER AND CHAIRMAN OF THE BOARD. THE COMPENSATION COMMITTEE THEN MAKES A RECOMMENDATION TO THE EXECUTIVE COMMITTEE FOR APPROVAL. THE EXECUTIVE COMMITTEE IS COMPRISED OF THE ABOVE-MENTIONED 3 BOARD MEMBERS AND AN ADDITIONAL 17 BOARD MEMBERS. THE FINAL APPROVAL RESTS WITH THE EXECUTIVE COMMITTEE. ALL BONUS/SALARY RECOMMENDATIONS FOR ALL OTHER OFFICERS AND KEY EMPLOYEES ARE MADE BY THE CHIEF EXECUTIVE OFFICER TO THE COMPENSATION COMMITTEE, WHO ULTIMATELY MAKES A RECOMMENDATION TO THE EXECUTIVE COMMITTEE. THE FINAL APPROVAL RESTS WITH THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 DISCLOSURE OF DOCUMENTS THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS. THE FORM 990 IS LIKEWISE PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG AND ON THE ORGANIZATION'S WEBSITE, WWW.AFHU.ORG. THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY WILL BE MADE AVAILABLE UPON REQUEST. THE AUDITED FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART VII - BOARD RELATIONSHIPS AFHU HOLDS MARKETABLE SECURITIES WITH AN APPROXIMATE VALUE OF $2,665,436 IN A NON-POOLED ENDOWMENT FUND WHICH IS UNDER THE CONTROL OF THE DONOR AND BOARD MEMBER STANLEY BOGEN. AFHU DOES NOT PAY ANY INVESTMENT MANAGEMENT FEES TO MR. BOGEN'S INVESTMENT FIRM; ACCORDINGLY THIS TRANSACTION DOES NOT NEED TO BE DISCLOSED ON FORM 990, SCHEDULE L. IN THE INTERESTS OF FULL DISCLOSURE, AFHU IS REPORTING THIS RELATIONSHIP ON ITS FORM 990. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT 1,878,224. CHANGES IN ASSETS OF TRUSTS AND OTHER SPLIT-INTEREST AGREEMENTS 1,149,894. GAIN IN APPRAISED VALUE OF LAND DONATED TO HEBREW UNIVERSITY 150,740. PENSION RELATED EXPENSES OTHER THAN NET PERIOD PENSION COST -8,740. HEBREW UNIVERSITY OF JERUSALEM MT SCOPUS CAMPUS JERUSALEM IS 91905 237285905 EDUCATION IS 501(C)(3) SCHOOL N/A 0 CHARITABLE REMAINDER ANNUITY TRUST (6) INVESTMENT NY AFHU 1.00000 1 CHARITABLE REMAINDER UNITRUST (13) INVESTMENT NY AFHU 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0