2024-08-15T07:13:33-05:00 2023-09-30 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2022-10-01 464198975 AMERICAN FRIENDS OF BAR-ILAN UNIVERSITY AMER 2129063900 160 EAST 56TH STREET NEW YORK NY 10022 SUSAN SOLOMON CHIEF OPERATING OFFICER 2129063900 2024-08-14 1 1 SCOTT THOMPSETT P00741490 2125990100 2022 2024-08-08 14:25:15Z JESSICA FELDAN 160 EAST 56TH STREET NEW YORK NY 10022 280167286 0 X WWW.AFBIU.ORG X 2012 NY WE FUNDRAISE IN THE U.S. TO SUPPORT, AND RAISE AWARENESS OF, BAR-ILAN UNIVERSITY IN ISRAEL. 42 42 19 42 48 0 12218613 270973050 4700000 4700000 1745822 1578019 0 -22271 18664435 277228798 12467484 66519088 0 0 3212465 3327155 0 0 2497620 1296458 1305453 16976407 71151696 1688028 206077102 35197076 246537522 2745979 2546070 32451097 243991452 X SEE SCHEDULE O 0 0 67019588 66519088 4700000 SEE SCHEDULE O 67019588 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 1 1 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 18 0 1 19 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 42 42 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AR CA FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC ND OR PA RI SC TN VA WV WI X X DANIEL ENGEL 2129063900 160 EAST 56TH STREET NEW YORK NY 10022 ALAN ZEKELMAN CHAIRMAN 3.00 1.00 X X 0 0 0 RONNIE STERN PRESIDENT 3.00 1.00 X X 0 0 0 S DANIEL ABRAHAM HONORARY CHAIRMAN OF BOARD 1.00 1.00 X X 0 0 0 GAIL PROPP VICE PRESIDENT/SECRETARY 2.00 1.00 X X 0 0 0 STEVEN P ROSENBERG VICE PRESIDENT/TREASURER 3.00 3.00 X X 0 0 0 PETER RZEPKA HONORARY PRESIDENT 1.00 1.00 X X 0 0 0 MICHAEL G JESSELSON HONORARY PRESIDENT 2.00 3.00 X X 0 0 0 JANE STERN LEBELL HONORARY PRESIDENT 1.00 2.00 X X 0 0 0 DREW PARKER VICE PRESIDENT 1.00 0.00 X X 0 0 0 INGEBORG RENNERT VICE PRESIDENT 1.00 0.00 X X 0 0 0 JONATHAN L BLINKEN DIRECTOR 1.00 0.00 X 0 0 0 JACK D BURSTEIN DIRECTOR 1.00 0.00 X 0 0 0 SUSANNE CZUKER DIRECTOR 1.00 1.00 X 0 0 0 NISSIM DAHAN DIRECTOR 1.00 1.00 X 0 0 0 ABBY DOFT DIRECTOR 1.00 0.00 X 0 0 0 DANIEL GILDIN DIRECTOR 2.00 0.00 X 0 0 0 AMBASSADOR DORE GOLD DIRECTOR 1.00 0.00 X 0 0 0 ERIC GOMBERG DIRECTOR 1.00 0.00 X 0 0 0 NAOMI HASS-PERLMAN DIRECTOR 1.00 0.00 X 0 0 0 ELEAZER HIRMES DIRECTOR 1.00 1.00 X 0 0 0 LAURIE M HIRSCH DIRECTOR 1.00 0.00 X 0 0 0 STEPHEN HOFFMAN DIRECTOR 1.00 0.00 X 0 0 0 DANIEL KRASNER DIRECTOR 1.00 0.00 X 0 0 0 FRANK LEE DIRECTOR 1.00 0.00 X 0 0 0 HADASSAH LIEBERMAN DIRECTOR 1.00 0.00 X 0 0 0 FMR SENATOR JOSEPH I LIEBERMAN DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL MALING DIRECTOR 1.00 0.00 X 0 0 0 MATTHEW J MARYLES DIRECTOR (THRU 03/2023) 1.00 1.00 X 0 0 0 ROBERT NUSBAUM DIRECTOR 1.00 0.00 X 0 0 0 FRED OHEBSHALOM DIRECTOR 1.00 0.00 X 0 0 0 IRA L RENNERT DIRECTOR 1.00 1.00 X 0 0 0 NINA ROSENWALD DIRECTOR 1.00 1.00 X 0 0 0 DAVID SABLE DIRECTOR 1.00 0.00 X 0 0 0 LAWRENCE M SCHANTZ DIRECTOR 1.00 0.00 X 0 0 0 JAY L SCHOTTENSTEIN DIRECTOR 1.00 1.00 X 0 0 0 BERNICE SCHWARTZ DIRECTOR 1.00 0.00 X 0 0 0 MOSHAEL J STRAUS DIR./HON. PRESIDENT (AS OF 01/2023) 1.00 1.00 X 0 0 0 RONALD S TAUBER DIRECTOR (THRU 02/2023) 1.00 0.00 X 0 0 0 MARION WAXMAN DIRECTOR 1.00 0.00 X 0 0 0 MITCHELL WOHLBERG DIRECTOR 1.00 2.00 X 0 0 0 LOLLY BAK DIRECTOR (AS OF 01/2022) 1.00 0.00 X 0 0 0 ROBIN JACOBS DIRECTOR (AS OF 01/2023) 1.00 0.00 X 0 0 0 HARVEY KAMINSKI DIRECTOR (AS OF 01/2023) 1.00 0.00 X 0 0 0 OPHIRA PLATT DIRECTOR (AS OF 01/2023) 1.00 0.00 X 0 0 0 RONALD SOLOMON EXECUTIVE VICE PRESIDENT 40.00 0.00 X 330283 0 64394 SUSAN SOLOMON CHIEF OPERATING OFFICER 40.00 0.00 X 249506 0 39022 NINA HANAN THRU 112022 CHIEF EXECUTIVE OFFICER 40.00 0.00 X 408710 0 18086 ROBERT ARONSON AS OF 112022 INTERIM CHIEF EXEC. OFFICER 40.00 0.00 X 33333 0 0 KAREN PAUL-REUVEN DIRECTOR - WEST COAST REGION 40.00 0.00 X 219228 0 36929 DANIEL B ENGEL CONTROLLER 40.00 0.00 X 176588 0 42766 SAMUEL Z KONIG DIRECTOR - NORTHEAST REGION 40.00 0.00 X 172555 0 54348 MELINA GIMAL DIRECTOR - SOUTHEAST REGION 40.00 0.00 X 166736 0 13462 RON WEGSMAN DIRECTOR OF FOUNDATION RELATIONS 40.00 0.00 X 122394 0 38470 1879333 0 307477 10 0 1 0 GRANT THORNTON LLP 757 THIRD AVENUE NEW YORK NY 10017 ACCOUNTING 126680 JOE FRIEDMAN DESIGNS LLC 1159 EAST 32ND STREET BROOKLYN NY 11210 DESIGN 123212 2 156277 270816773 56284 270973050 FUNDRAISING FEES 900099 4700000 4700000 4700000 607947 48 607899 3873149 2903077 970072 970072 970072 13140 156277 35411 -22271 -22271 277228798 4700000 48 1555700 X 66519088 66519088 999955 137448 342137 520370 1613446 221775 552045 839626 169375 23281 57952 88142 365704 50268 125126 190310 178675 24560 61134 92981 42822 5886 14652 22284 128515 17665 43972 66878 81609 81609 209563 82024 127539 164659 164659 67687 2866 13757 51064 98863 9210 49307 40346 264805 2047 129146 133612 88851 4319 20712 63820 15157 830 2367 11960 5999 5999 48058 48058 EVENT EXPENSES/CATERING 43391 43391 MAIL CAMPAIGN 29965 29965 MISCELLANEOUS EXPENSES 8899 204 4149 4546 REGISTRATION & SUBSCR. 6610 141 342 6127 71151696 67019588 1634488 2497620 2426125 2545266 4383217 469277 6072953 5712794 186165 182196 179753 166750 17829 13003 8812905 11688262 10819413 9887355 2478469 216039369 35197076 246537522 345680 150421 842510 684048 58773 12000 1499016 1699601 2745979 2546070 X 7899271 218653917 24551826 25337535 32451097 243991452 35197076 246537522 X 206077102 514781 4948472 X 0 1 X 1 0 X 8699311 7143498 8410137 12218613 7577250 44048809 8699311 7143498 8410137 12218613 7577250 44048809 8025961 36022848 453356 364123 293816 588839 607947 2308081 35411 35411 46392301 23500000 0.77650 0.69740 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SPECIAL EVENTS - 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 35,411. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12862864 91667 1183994 401302 13737223 15618282 106894 -2208876 653436 12862864 12490345 79796 3383740 335599 15618282 12450778 5774 369622 335829 12490345 12555671 234455 36235 375583 12450778 0.00000 0.80660 0.19340 0 0 23480 23480 0 153004 141590 11414 3269 1680 1589 13003 BENEFICIAL INTERESTS IN TRUSTS 215316645 RIGHT-OF-USE ASSET FOR OPERATING LEASE 423300 CASH VALUE OF LIFE INSURANCE 212436 DUE FROM HARON DAHAN FUND 78749 ACCRUED INTEREST RECEIVABLE 8083 OTHER RECEIVABLES 156 216039369 ANNUITIES PAYABLE 712760 DEFERRED COMPENSATION PAYABLE 502200 OPERATING LEASE OBLIGATION 484641 1699601 X 282655645 514781 4993675 5508456 277147189 81609 81609 277228798 71115290 45203 45203 71070087 81609 81609 71151696 PART V, LINE 4: THE AMERICAN FRIENDS OF BAR-ILAN'S ENDOWMENT WAS ESTABLISHED TO PROVIDE ECONOMIC SUPPORT FOR THE EDUCATIONAL INITIATIVES OF THE BAR-ILAN UNIVERSITY IN ISRAEL, INC. PART X, LINE 2: FIN 48 AFBIU 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 ONLY BE RECOGNIZED IN THE COMBINED CONSOLIDATED FINANCIAL STATEMENTS 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 REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. AFBIU IS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH BOTH ARE SUBJECT TO TAX ON INCOME UNRELATED TO THEIR EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. AFBIU HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF THEIR TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT WAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. AFBIU DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. PART IX, LINE 2, RIGHT-OF-USE ASSET FOR OPERATING LEASE: THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") IMPLEMENTED A NEW LEASE ACCOUNTING STANDARD THAT BECAME EFFECTIVE FOR AFBIU AS 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: CHANGES IN VALUE OF SPLIT-INTEREST AGREEMENTS 4,993,675. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNCOLLECTIBLE PLEDGES 45,203. SCHEDULE D, PART XI AND XII AFBIU DOES NOT RECEIVE STANDALONE FINANCIAL STATEMENTS; ITS OPERATIONS ARE CONSOLIDATED WITH AN AFFILIATED ORGANIZATION, THE HARON DAHAN FUND. THE PARTS XI AND XII RECONCILIATION ON SCHEDULE D TIE BACK TO AFBIU'S FINANCIAL INFORMATION WITHIN THE AUDITED FINANCIAL STATEMENTS AND NOT TO THE CONSOLIDATED NUMBERS. 1 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING 66519088 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 3183843 0 0 0 0 0 0 69702931 0 69702931 MIDDLE EAST AND NORTH AFRICA EDUCATION 66519088 WIRE TRANSFER 0 1 0 1 0 1 1 1 0 PART I, LINE 2: GRANT MONITORING THE CRITICAL SUPPORT OF THE AMERICAN FRIENDS OF BAR-ILAN UNIVERSITY (AFBIU) HAS MADE BAR-ILAN UNIVERSITY (BIU) WHAT IT IS TODAY - A BASTION OF JEWISH STUDIES AND A WORLD LEADER IN MEDICINE, CYBERSECURITY, SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS. ESTABLISHED SIXTY YEARS AGO, AFBIU DEVELOPS VITAL PHILANTHROPIC SUPPORT FOR BIU. THE GENEROSITY OF ITS DONORS TRANSFORMS DREAMS INTO REALITIES. IT FUNDS STATE-OF-THE-ART FACILITIES AND ACADEMIC PROJECTS. IT HELPS ATTRACT PREEMINENT FACULTY AND IT OFFERS OPPORTUNITIES TO SUPPORT UNPARALLELED ACADEMIC ADVANCEMENTS, WHILE PROMOTING AN APPRECIATION OF JEWISH HERITAGE AND THE JEWISH STATE. AFBIU UNDERTAKES THE NECESSARY DUE DILIGENCE TO ENSURE THAT THE FUNDS IT DISBURSES TO BIU ARE USED IN A MATTER THAT FURTHERS THE UNIVERSITY'S TAX-EXEMPT MISSION (AS WELL AS THE INITIAL DONOR'S WISHES). AFBIU ENTERS INTO WRITTEN AGREEMENTS WITH BIU TO DOCUMENT THE REPORTING REQUIREMENTS FOR THE GIFTED FUNDS AND TO UPDATE AFBIU AS TO THE PROGRESS OF ANY PROGRAMS BEING FUNDED. IN ADDITION, THE PARTIES PERIODICALLY COMMISSION THIRD PARTY REVIEWS OF THE GRANT FUNDING TO ENSURE THAT THE UNIVERSITY IS USING THE GRANTED MONEY FOR THE INTENDED EXEMPT PURPOSES. PART III ACCOUNTING METHOD: SCHEDULE F, PART IV FOREIGN FORMS: THE AMERICAN FRIENDS OF BAR-ILAN UNIVERSITY, INC. INVESTS IN VARIOUS ALTERNATIVE INVESTMENTS, BOTH DOMESTICALLY AND INTERNATIONALLY. WHILE AFBIU MAY OWN THESE INVESTMENT VEHICLES, ITS OWNERSHIP IN (OR TRANSFERS TO) THESE INVESTMENTS MAY NOT RISE TO THE THRESHOLDS REQUIRED FOR FILING FORMS 926, 8865 OR 5471. TO THE EXTENT THAT AFBIU IS REQUIRED TO FILE THESE FORMS, THEY ARE SUBMITTED ALONG WITH ITS FORM 990-T, BUSINESS INCOME TAX RETURN. FASHION EVENT 169417 156277 13140 27020 8391 169417 156277 13140 27020 8391 35411 -22271 X X X 1 0 0 0 0 0 0 0 0 NINA HANAN THRU 112022 CHIEF EXECUTIVE OFFICER 362210 0 46500 0 0 0 15250 0 2836 0 426796 0 0 0 RONALD SOLOMON EXECUTIVE VICE PRESIDENT 330283 0 0 0 0 0 27450 0 36944 0 394677 0 0 0 SUSAN SOLOMON CHIEF OPERATING OFFICER 249506 0 0 0 0 0 22590 0 16432 0 288528 0 0 0 KAREN PAUL-REUVEN DIRECTOR - WEST COAST REGION 219228 0 0 0 0 0 19863 0 17066 0 256157 0 0 0 SAMUEL Z KONIG DIRECTOR - NORTHEAST REGION 172555 0 0 0 0 0 12600 0 41748 0 226903 0 0 0 DANIEL B ENGEL CONTROLLER 176588 0 0 0 0 0 15922 0 26844 0 219354 0 0 0 MELINA GIMAL DIRECTOR - SOUTHEAST REGION 166736 0 0 0 0 0 11662 0 1800 0 180198 0 0 0 RON WEGSMAN DIRECTOR OF FOUNDATION RELATIONS 111000 0 0 0 11394 0 5678 0 32792 0 160864 0 0 0 PART I, LINE 4A RON WEGSMAN, DIRECTOR OF FOUNDATION RELATIONS, RECEIVED A SEVERANCE PAYMENT IN CALENDAR YEAR 2022 OF $9,115 THAT IS INCLUDED IN HIS WAGES IN SCHEDULE J, PART II, COLUMN B(III) AS REPORTABLE COMPENSATION. X 3 56284 FMV 0 1 1 SCHEDULE M, PART I, COLUMN (B): TO THE EXTENT THAT AFBIU RECEIVES ANY NON-CASH DONATIONS (USUALLY IN THE FORM OF SECURITIES, BONDS, ETC.), THE ORGANIZATION MAY EMPLOY ITS INVESTMENT ADVISOR TO CONVERT THE INVESTMENTS INTO CASH BY SELLING THEM. FORM 990, PART III, LINE 1 THE AMERICAN FRIENDS OF BAR-ILAN'S PRIMARY MISSION IS TO FUNDRAISE AND DEVELOP PHILANTHROPIC DONORS WITHIN THE UNITED STATES IN SUPPORT OF BAR-ILAN UNIVERSITY, AND TO RAISE AWARENESS OF THIS DIVERSE INSTITUTION OF HIGHER LEARNING LOCATED IN ISRAEL, WITH ITS GROUNDBREAKING INITIATIVES IN A MULTITUDE OF DISCIPLINES. FORM 990, PART III - PROGRAM SERVICE, LINE 4A: THE AMERICAN FRIENDS OF BAR-ILAN UNIVERSITY (AFBIU) DEVELOPS PHILANTHROPIC SUPPORT FOR BAR-ILAN UNIVERSITY (BIU) IN ISRAEL. AFBIU SEEKS CONTRIBUTIONS AT ALL LEVELS OF GIVING FROM INDIVIDUALS, FAMILIES, FOUNDATIONS AND BUSINESSES WHO EMBRACE THE UNIVERSITY'S MISSION-UNIQUE AMONG ISRAELI UNIVERSITIES-TO PROVIDE STUDENTS WITH TOP-LEVEL EDUCATIONAL EXPERIENCES IN AN ACADEMIC ENVIRONMENT INFUSED WITH JEWISH VALUES AND A LOVE OF THE STATE OF ISRAEL. HISTORICALLY, THE AMERICAN FRIENDS OF BAR-ILAN HAS OPERATED AS A FUNDRAISING DIVISION WITHIN BAR-ILAN UNIVERSITY, SERVING TO BROADEN THE UNIVERSITY'S DONOR BASE IN THE UNITED STATES AND CULTIVATE A SUSTAINED STREAM OF FUNDING. OVER 60 YEARS AGO, AMERICAN DONORS ENVISIONED THIS UNIVERSITY, AND STEPPED FORWARD TO MAKE IT A REALITY. SINCE THEN, AFBIU HAS BEEN A VITAL PARTNER IN SUPPORT OF THE UNIVERSITY'S MISSION TO CREATE A WORLD CLASS UNIVERSITY WITH STRENGTH IN STEM, LAW, EDUCATION AND THE HUMANITIES, THAT, UNIQUE TO THE UNIVERSITY'S VALUES, REQUIRES A CORE CURRICULUM THAT PROVIDES A DIVERSE GROUP OF STUDENTS WITH A COMMON BASIC UNDERSTANDING OF THEIR JEWISH HERITAGE, HISTORY AND CULTURE, AS WELL AS OF THE ZIONIST VALUES WHICH UNDERPIN THE STATE OF ISRAEL. AFBIU HAS OBTAINED ITS OWN SECTION 501(C)(3) TAX EXEMPTION FROM THE INTERNAL REVENUE SERVICE AND IS OPERATING INDEPENDENTLY FROM BIU. AFBIU REPRESENTS THE UNIVERSITY'S INTERESTS IN THE UNITED STATES; OUR FUNDING OF ACADEMIC PROJECTS, FACILITIES, RETURNING SCIENTISTS AND SCHOLARSHIPS THROUGH ANNUAL CONTRIBUTIONS AND PLANNED GIFTS ARE LAYING A FOUNDATION OF SUPPORT THAT WILL SUSTAIN THE UNIVERSITY FOR GENERATIONS TO COME. FORM 990, PART VI, SECTION A, LINE 2 JANE STERN LEBELL & RONNIE STERN HAVE A FAMILY RELATIONSHIP. MICHAEL G. JESSELSON & STEVEN P. ROSENBERG HAVE A FAMILY RELATIONSHIP. IRA RENNERT & INGEBORG RENNERT HAVE A FAMILY RELATIONSHIP. SENATOR JOSEPH I. LIEBERMAN & HADASSAH LIEBERMAN HAVE A FAMILY RELATIONSHIP. GAIL PROPP & ERIC GOMBERG HAVE A FAMILY RELATIONSHIP. BERNICE SCHWARTZ & ROBIN JACOBS HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM IN CONJUNCTION WITH THE AFBIU'S FINANCIAL DEPARTMENT. A COPY OF THE DRAFT FORM 990 WAS CIRCULATED TO THE FULL BOARD OF DIRECTORS FOR DISCUSSION AND COMMENT. EACH BOARD MEMBER WAS PROVIDED AMPLE OPPORTUNITY TO COMMENT ON THE INFORMATION CONTAINED IN THE 990 PRIOR TO ITS ELECTRONIC FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C 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. POTENTIAL CONFLICTS ARE INVESTIGATED IMMEDIATELY. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION UNDERTAKES A THOROUGH PROCESS TO ENSURE THAT THE EXECUTIVE COMPENSATION IT PAYS TO ITS TOP MANAGEMENT OFFICIAL AND ALL OF ITS OFFICERS AND KEY EMPLOYEES IS REASONABLE. THE ORGANIZATION BOARD HAS ESTABLISHED A COMPENSATION COMMITTEE OF INDEPENDENT PERSONS THAT HAVE NO INTEREST IN THE PROPOSED COMPENSATION AGREEMENT. THE COMPENSATION COMMITTEE UTILIZES READILY AVAILABLE INFORMATION (LIKE PEER INSTITUTION FORM 990S) TO ENSURE THAT THE ORGANIZATION COMPENSATES ITS EXECUTIVES COMMENSURATE WITH THE MARKET. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS. AFBIU'S FINANCIAL STATEMENTS ARE AVAILABLE ON WWW.AFBIU.ORG, ALONG WITH IT'S 990. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC, BUT, IF REQUESTED, WILL BE PROVIDED AT MANAGEMENT'S DISCRETION. FORM 990, PART IX IN ONE OF THE LARGEST BEQUESTS EVER GRANTED TO AN ISRAELI ACADEMIC INSTITUTION, AFBIU RECEIVED A $260 MILLION DOLLAR GIFT FROM A DONOR WHO CHOOSES TO REMAIN ANONYMOUS. DURING VISITS TO ISRAEL, THE DONOR RECOGNIZED THE SIGNIFICANT IMPACT BAR-ILAN UNIVERSITY HAS MADE LOCALLY AND GLOBALLY THANKS TO ITS SCIENCE-BASED INFRASTRUCTURE AND DEEP CONNECTIONS TO ALL SECTORS OF ISRAELI SOCIETY. AN INDIVIDUAL OF BROAD ACADEMIC EDUCATION, THE DONOR FIRMLY BELIEVED THAT ISRAEL'S FUTURE WOULD BE ENERGIZED AND PROPELLED BY ITS TECHNOLOGICAL PROWESS, BREAKTHROUGH INNOVATION, AND SCIENTIFIC DISTINCTION. THIS MONUMENTAL GIFT CATALYZES THE FUTURE OF ISRAEL'S SOCIAL EMPOWERMENT AND TECHNOLOGICAL RESILIENCE THROUGH SCIENCE AND INNOVATION. WITH COLLEGE CAMPUSES THROUGHOUT THE WORLD EMBROILED IN UNCERTAINTY, THIS UNPRECEDENTED DONATION WILL ENABLE BAR-ILAN UNIVERSITY'S RECRUITMENT OF DOZENS OF SCIENTISTS SPECIALIZING IN DEEP TECH RESEARCH FIELDS WHILE INVESTING IN ESSENTIAL INFRASTRUCTURE. THE UNIVERSITY WILL FOCUS ON AREAS SUCH AS ENERGY, ENVIRONMENT, CRYPTOGRAPHY, BIO-CONVERGENCE, QUANTUM COMPUTING, ARTIFICIAL INTELLIGENCE, AND NATURAL LANGUAGE PROCESSING. AFBIU WILL MANAGE THIS LARGE GIFT AND PERIODICALLY REMIT FUNDS BACK TO BAR-ILAN UNIVERSITY TO FUND ITS EDUCATIONAL ENDEAVORS. THIS GIFT IS CURRENTLY RECORDED AS A BENEFICIAL INTEREST IN A TRUST ON ITS BALANCE SHEET. FORM 990, PART XI, LINE 9: CHANGES IN VALUE OF SPLIT-INTEREST AGREEMENTS 4,993,675. UNCOLLECTIBLE PLEDGES -45,203. HARON DAHAN FUND FOR BAR-ILAN UNIVERSITY 160 EAST 56TH STREET NEW YORK NY 10022 263541989 FUNDRAISING NY 501(C)(3) LINE 12A, I AFBIU 1 BAR ILAN UNIVERSITY IN ISRAEL INC 160 EAST 56TH STREET NEW YORK NY 10022 136192275 EDUCATION IS 501(C)(3) LINE 2 N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 BAR-ILAN UNIVERSITY B 66519088 CASH BAR-ILAN UNIVERSITY L 4700000 CASH