2023-06-15T15:26:35-05:00 2022-09-30 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2021-10-01 131568923 AMERICAN FRIENDS OF HEBREW UNIVERSITY INC AMER 2126078500 199 WATER STREET 11TH FLOOR NEW YORK NY 10038 ELISSA FISHMAN CFO 2126078500 2023-06-14 1 ELISSA FISHMAN XXX-XX-XXXX SCOTT THOMPSETT P00741490 2125990100 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z JOSHUA REDNIK 199 WATER STREET 11TH FLOOR NEW YORK NY 10038 282014855 0 X WWW.AFHU.ORG X 1931 NY SUPPORT THE HEBREW UNIV. OF JERUSALEM, ISRAEL'S FOREMOST CENTER OF HIGHER EDU. & RESEARCH. 61 60 54 213 0 1090 48831083 63169463 6000 0 65517694 41518429 -240706 -681 114114071 104687211 61719504 68966086 0 0 8396561 8745961 230490 266735 7016213 5045740 5076499 75392295 83055281 38721776 21631930 930706587 754104894 43391238 38036441 887315349 716068453 X SEE SCHEDULE O 0 0 71557964 68966086 0 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. 71557964 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 1 0 0 0 1 63 0 1 54 1 1 1 1 IS 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 61 60 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 ELISSA FISHMAN CFO 2126078569 199 WATER STREET 11TH FL NEW YORK NY 10038 X CLIVE KABATZNIK PRESIDENT 10.00 0.00 X X 0 0 0 MARC O MAYER CHAIRMAN 10.00 0.00 X X 0 0 0 JOSHUA OLSHIN TREASURER 5.00 0.00 X X 0 0 0 FRANCES KATZ ASSISTANT TREASURER 1.00 0.00 X X 0 0 0 PAMELA N EMMERICH SECRETARY 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 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 I STEVEN EDELSON 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 ALAN P FISKE DIRECTOR (THRU 05/01/2022) 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 NANCY HAMBURGER DIRECTOR (THRU 05/01/2022) 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 ELLEN KLERSFELD DIRECTOR (THRU 05/01/2022) 1.00 0.00 X 0 0 0 MICHAEL S KURTZ DIRECTOR 1.00 0.00 X 0 0 0 MARLA LERNER TANENBAUM DIRECTOR (THRU 05/01/2022) 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 ANNETTE PAKULA DIRECTOR 1.00 0.00 X 0 0 0 RICHARD ROTHSCHILD DIRECTOR 1.00 0.00 X 0 0 0 STEVEN C RUBINOW DIRECTOR 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 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 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 MARK VIDERGAUZ DIRECTOR (THRU 05/01/2022) 1.00 0.00 X 0 0 0 RICHARD S ZIMAN DIRECTOR 1.00 0.00 X 0 0 0 ETY ALCALAY DIRECTOR (AS OF 05/01/2022) 1.00 0.00 X 0 0 0 BARBARA NATTERSON-HOROWITZ DIRECTOR (AS OF 05/01/2022) 1.00 0.00 X 0 0 0 DAVID RICANATI DIRECTOR (AS OF 05/01/2022) 1.00 0.00 X 0 0 0 BETH MCCOY CEO EMERITA (AS OF 02/01/2022) 50.00 0.00 X 582448 0 79711 JOSHUA REDNIK CEO (AS OF 02/01/2022) 50.00 0.00 X 0 0 0 ELISSA FISHMAN CHIEF FINANCIAL & OPERATIONS OFFICER 50.00 0.00 X 350367 0 45412 MONICA LOEBL NAT'L DIRECTOR OF DEVELOPMENT 50.00 0.00 X 327355 0 42587 SHERI KAUFER EXECUTIVE DIR - WESTERN REGION 50.00 0.00 X 288426 0 60204 EILEEN HUME CHIEF STRATEGY OFFICER 50.00 0.00 X 302029 0 46908 GLENNYS HUHN CHIEF HUMAN RESOURCES OFFICER 50.00 0.00 X 273858 0 22953 JUDITH SHENKMAN EXECUTIVE DIR-MIDWEST REGION 50.00 0.00 X 221400 0 44873 SUZANNE PONSOT EXECUTIVE DIRECTOR - NY REGION 50.00 0.00 X 350797 0 47548 2696680 0 390196 22 0 1 0 SECURITY CAPITAL RESEARCH & MGMT INC 10 S DEARBON ST CHICAGO IL 60603 INVESTMENT MGMT 493993 FUSE FUNDRAISING 12355 SUNRISE VALLEY DR STE 240 RESTON VA 20191 DIGITAL MARKETING 388997 HEIDRICK & STRUGGLES 233 SOUTH WACKER DRIVE STE 4900 CHICAGO IL 60606 RECRUITING 266958 LANDMARK VENTURES INC 505 NORTH VILLAGE AVENUE ROCKVILLE CENTRE NY 11570 EVENT CONSULTING 252500 ONLINE COMPUTERS & COMMUNICATIONS LLC PO BOX 428 FLORHAM PARK NJ 07932 IT CONSULTING 245008 11 750127 1200000 61219336 1188643 63169463 11899314 11899314 53170 53170 34524 0 34524 34524 34524 205639310 176020195 29619115 29619115 29619115 1218824 750127 1307449 -88625 -88625 250 250 250 104687211 0 0 41517748 94005 94005 5000 5000 68867081 68867081 1764359 321456 658690 784213 5417746 1018182 1275563 3124001 328776 63107 92390 173279 791206 145362 267546 378298 443874 81844 122052 239978 107095 6309 79407 21379 244349 244349 266735 266735 723425 723425 645930 145257 73576 427097 481347 99029 866 381452 350639 54061 140432 156146 343653 11465 288252 43936 846053 128968 288922 428163 293489 109553 59184 124752 113874 28576 28340 56958 70437 10282 25580 34575 138093 25055 36968 76070 EVENTS 280207 280207 PRINTING AND LETTERSHOP 179886 55167 768 123951 DIRECT MAIL 157086 157086 MISCELLANEOUS EXPENSES 100936 7998 74794 18144 83055281 71557964 4481104 7016213 9998448 3035863 17785020 28743893 26599993 36881733 1931086 411635 3531080 1519451 638115825 430058422 176841700 206979771 57834521 46885761 930706587 754104894 2209630 2893583 21893470 18365460 19288138 16777398 43391238 38036441 X 27319905 21420825 859995444 694647628 887315349 716068453 930706587 754104894 X 21631930 -185658247 -7220579 X 0 1 X 1 0 X 45114274 59310975 59244634 48831083 63169463 275670429 45114274 59310975 59244634 48831083 63169463 275670429 72649793 203020636 12124500 12664471 11223227 10070366 11987008 58069572 11442 11442 289017 280369 65256 136848 1218824 1990314 335741757 866912 0.60470 0.60570 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING EVENTS - 2017 AMOUNT: $ 289,017. 2018 AMOUNT: $ 280,369. 2019 AMOUNT: $ 65,256. 2020 AMOUNT: $ 136,848. 2021 AMOUNT: $ 1,218,824. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2 250043 1 1 803340820 9498262 -132887900 28326946 651624236 652879613 8818935 167655172 26012900 803340820 609777623 7032304 60464829 24395143 652879613 609143086 13055324 10976030 23396817 609777623 578293415 7574443 45499604 22224376 609143086 0.00410 0.87530 0.12060 1 0 394799 394799 520216 520216 21718 21197 521 320378 276213 44165 673975 114225 559750 1519451 HEDGE FUNDS 123608366 F PRIVATE EQUITY 37488742 F VENTURE CAPITAL 26094435 F REAL ESTATE 19523252 F STATE OF ISRAEL BONDS 264976 F 206979771 TRUST & SPLIT INT AGREEMENTS 45024957 INT RECEIVABLE & OTHER ASSETS 1082099 OTHER LONG-TERM ASSETS 677646 DUE FROM AFHU CH. COMMON FUND 101059 46885761 LIABILITY UNDER SPLIT INTEREST AGREEMENT 15767534 POST RETIREMENT BENEFIT OBLIGATIONS 666639 DEFERRED RENTAL INCENTIVE 343225 16777398 X -89273953 -185658247 -7299285 -192957532 103683579 723425 280207 1003632 104687211 82051649 0 82051649 723425 280207 1003632 83055281 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 XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT -5,470,931. CHANGES IN ASSETS OF TRUSTS AND OTHER SPLIT-INTEREST AGREEMENTS HELD BY OTHERS -3,467,844. GAIN IN APPRAISED VALUE OF LAND DONATED TO HEBREW UNIVERSITY 1,639,490. PART XI, LINE 4B - OTHER ADJUSTMENTS: EXPENSES RECLASSED TO OFFSET PART IX 280,207. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES RECLASSED TO OFFSET PART IX 280,207. SCHEDULE D, PART XI & XII CONSOLIDATED FINANCIAL STATEMENTS AMERICAN FRIENDS OF HEBREW UNIVERSITY RECEIVES CONSOLIDATED FINANCIAL STATEMENTS THAT INCLUDE THE ACTIVITIES OF A RELATED ORGANIZATION, AMERICAN FRIENDS OF HEBREW UNIVERSITY CHARITABLE COMMON FUND ("CCF"). CCF FILES ITS OWN STANDALONE FORM 990-PF AND, ACCORDINGLY, ITS ACTIVITIES ARE NOT INCLUDED IN THE SCHEDULE D RECONCILIATION. THE RECONCILIATIONS IN PART XI & XII RECONCILE BACK TO AFHU'S STANDALONE ACTIVITY IN THE AUDITED FINANCIAL STATEMENTS. 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 $248,490 INCOME AND DIVIDENDS $1,553 END OF YEAR BALANCE $250,043 0 MIDDLE EAST AND NORTH AFRICA GRANTMAKING 68867081 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 67129148 MIDDLE EAST AND NORTH AFRICA INVESTMENTS 10846540 0 0 0 0 0 0 146842769 0 146842769 MIDDLE EAST/NORTH AFRICA GENERAL 68712531 WIRE 0 MIDDLE EAST/NORTH AFRICA GENERAL PURPOSES OF SCHOOL 110809 WIRE 0 MIDDLE EAST/NORTH AFRICA RESEARCH IN EXPERIMENTAL SURGERY BY THE MEDICAL FACULTY AND FOR LECTURESHIP 47398 WIRE 0 3 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 NEAL P MYERBERG 179 SHORE ROAD OLD GREENWICH CT 06870 PLANNED GIVING 0 880000 90000 790000 FUSE FUNDRAISING 12355 SUNRISE VALLEY DR STE 240 RESTON VA 20191 DIRECT MAIL SERVICES 0 212225 176735 35490 1092225 266735 825490 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 420785 337427 83358 0 0 197007 737 77122 77536 PALM BEACH SCOPUS 297900 187700 110200 0 0 44677 28380 80100 165321 7 1250266 225000 1025266 0 0 152438 252889 47022 184220 1968951 750127 1218824 394122 282006 204244 427077 1307449 -88625 1 BOSTON UNIVERSITY SCHOOL OF MEDICINE 715 ALBANY STREET BOSTON MA 02118 942539545 501(C)(3) 43256 0 STUDENT EXCHANGE PROGRAM BETWEEN HADASSAH & BOSTON UNIVERSITY. HADASSAH MEDICAL RELIEF ASSOCIATION 40 WALL STREET NEW YORK NY 10005 136110872 501(C)(3) 32056 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) 17398 0 ALEXANDER & MARGARET EHRENSTEIN MEMORIAL 3 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 (AS OF 02/01/2022) 510671 0 70000 0 1777 0 39150 0 40561 0 662159 0 0 0 SUZANNE PONSOT EXECUTIVE DIRECTOR - NY REGION 325797 0 25000 0 0 0 26100 0 21448 0 398345 0 0 0 ELISSA FISHMAN CHIEF FINANCIAL & OPERATIONS OFFICER 325367 0 25000 0 0 0 13050 0 32362 0 395779 0 0 0 MONICA LOEBL NAT'L DIRECTOR OF DEVELOPMENT 312355 0 15000 0 0 0 26100 0 16487 0 369942 0 0 0 EILEEN HUME CHIEF STRATEGY OFFICER 277029 0 25000 0 0 0 12996 0 33912 0 348937 0 0 0 SHERI KAUFER EXECUTIVE DIR - WESTERN REGION 283426 0 5000 0 0 0 38810 0 21394 0 348630 0 0 0 GLENNYS HUHN CHIEF HUMAN RESOURCES OFFICER 248858 0 25000 0 0 0 22413 0 540 0 296811 0 0 0 JUDITH SHENKMAN EXECUTIVE DIR-MIDWEST REGION 216400 0 5000 0 0 0 20048 0 24825 0 266273 0 0 0 PART I, LINE 1A THE CEO EMERITA, BETH MCCOY, RECEIVED A TAX GROSS-UP IN CALENDAR YEAR 2021. 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 2021. PART I, LINE 7 AFHU AUTHORIZED BONUSES TO VARIOUS INDIVIDUALS REPORTED ON THE FORM 990 IN CALENDAR YEAR 2021 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 37181 INV MGMT 0 SCHEDULE L, PART VI AFHU HOLDS AN INVESTMENT IN UPPER LEFT WEALTH MANAGEMENT, WITH AN APPROXIMATE FMV OF $10,739,572 WHICH IS UNDER THE CONTROL OF A FAMILY MEMBER OF BOARD MEMBER, MICHAEL KURTZ. AFHU PAID THE FIRM $37,181 IN INVESTMENT MANAGEMENT FEES IN THE FISCAL YEAR ENDING SEPTEMBER 30, 2022. X 38 1187607 COST OR SALE PRICE X STATE OF ISRAEL BONDS 2 1036 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. GENERAL EXPLANATORY STATEMENT REGARDING THE COVID-19 IMPACT ON THE ORGANIZATION TO MITIGATE THE DEVASTATING ECONOMIC EFFECTS OF THE PANDEMIC, AFHU PARTICIPATED IN THE SMALL BUSINESS ADMINISTRATION'S PAYCHECK PROTECTION PROGRAM AND RECEIVED A FORGIVABLE LOAN IN THE AMOUNT OF $1,200,000. THIS LOAN WAS FORGIVEN IN NOVEMBER OF 2021 AND IS REPORTED AS GOVERNMENTAL GRANT REVENUE IN FORM 990, PART VIII, LINE 1(E) ON THIS YEAR'S FORM 990. FORM 990, PART III, LINE 1 - ORGANIZATION'S MISSION AMERICAN FRIENDS OF THE HEBREW UNIVERSITY (AFHU) IS A NATIONAL, NOT-FOR-PROFIT ORGANIZATION IN SUPPORT OF THE HEBREW UNIVERSITY OF JERUSALEM, ISRAEL'S FOREMOST CENTER OF HIGHER EDUCATION AND RESEARCH. FORGING A MEANINGFUL PARTNERSHIP BETWEEN AMERICA AND THE PEOPLE OF ISRAEL, AFHU HELPS TO ENSURE THE NATION'S WELL BEING BY NURTURING ISRAEL'S GREATEST ASSET: THE INTELLECTUAL STRENGTH OF ITS PEOPLE. AFHU'S CULTURAL AND EDUCATIONAL PROGRAMS ATTRACT PEOPLE FROM ALL WALKS OF LIFE, INCLUDING THE HEBREW UNIVERSITY AND ROTHBERG INTERNATIONAL SCHOOL ALUMNI, AMERICAN SCHOLARS AND SCIENTISTS, AND THE GENERAL U.S. PUBLIC. THESE PROGRAMS, AS WELL AS AFHU MISSIONS TO ISRAEL AND THE HEBREW UNIVERSITY, PROMOTE GREATER UNDERSTANDING OF THE UNIVERSITY'S CONTRIBUTIONS IN FIELDS RANGING FROM TECHNOLOGY, MEDICINE AND LAW TO AGRICULTURE, PUBLIC POLICY AND JEWISH STUDIES. FOUNDED BY THE AMERICAN PHILANTHROPIST, FELIX M. WARBURG IN 1925, AFHU HAS BEEN A CENTRAL FORCE IN HEBREW UNIVERSITY'S RISE TO INTERNATIONAL PROMINENCE. TODAY, AFHU IS PART OF AN INTERNATIONAL SOCIETY OF FRIENDS ORGANIZATIONS SPANNING MORE THAN 25 COUNTRIES. THE SUPPORT OF DONORS ENABLES AMERICAN FRIENDS OF THE HEBREW UNIVERSITY TO PROVIDE FUNDING TO HEBREW UNIVERSITY TO RECRUIT AND RETAIN OUTSTANDING FACULTY, BUILD TEACHING AND RESEARCH FACILITIES, PROVIDE STUDENT SCHOLARSHIPS, ADVANCE RESEARCH AND FURTHER REGIONAL AND INTERNATIONAL PEACE AND PLURALISM. 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 2022, 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 $2,645,299 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 -5,470,931. CHANGES IN ASSETS OF TRUSTS AND OTHER SPLIT-INTEREST AGREEMENTS -3,467,844. INTERCOMPANY PAYABLE 78,649. GAIN IN APPRAISED VALUE OF LAND DONATED TO HEBREW UNIVERSITY 1,639,490. PENSION RELATED EXPENSES OTHER THAN NET PERIOD PENSION COST 3. ROUNDING 54. AFHU CHARITABLE COMMON FUND ONE BATTERY PARK PLAZA NEW YORK NY 10004 133525587 DONOR ADVISED NY 501(C)(3) PRIVATE FDN AFHU 1 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