2018-07-10T12:46:32-05:00 2017-09-30 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2016-10-01 131996126 AMERICAN FRIENDS OF THE TEL AVIV UNIVERSITY INC AMER 2127429070 39 BROADWAY NEW YORK NY 10006 ARI WEIN CFO 2127429070 2018-06-25 1 P01333816 2128674000 2016 2022-09-23 18:48:47Z ARI WEIN 39 BROADWAY NEW YORK NY 10006 43318238 0 X WWW.AFTAU.ORG X 1955 NY DEVELOPMENT & ADVANCEMENT OF HIGHER EDUCATION 50 50 33 51 0 0 22635640 24692473 8177701 8063229 799524 2138583 -32844 -39972 31580021 34854313 29563250 30206139 0 0 3679278 3698500 0 0 3461019 2545496 2173595 35788024 36078234 -4208003 -1223921 75536860 79801742 5148981 5821798 70387879 73979944 X SEE SCHEDULE OAMERICAN FRIENDS OF THE TEL AVIV UNIVERSITY, INC. (AFTAU) IS A NATIONAL, NON-PROFIT ORGANIZATION WHOSE PRIMARY PURPOSE, AS STATED IN ITS BYLAWS, IS TO RAISE FUNDS FOR THE DEVELOPMENT AND ADVANCEMENT OF HIGHER EDUCATION, RESEARCH AND TRAINING IN ALL BRANCHES OF KNOWLEDGE IN ISRAEL AND ELSEWHERE. 0 0 7778762 7286384 8063229 STUDY ABROAD PROGRAM: FACILITATED HUNDREDS OF STUDENTS FROM NORTH AMERICA AND ELSEWHERE TO STUDY AT TEL AVIV UNIVERSITY. THIS FOSTERS UNDERSTANDING AND OPENS NEW LINES OF COMMUNICATION AND DIALOGUE. 16736755 16736755 SCHOLARSHIPS, FELLOWSHIPS, CONSTRUCTION MONIES AND GENERAL DONATIONS FOR HIGHER EDUCATION: HAVE ENABLED THOUSANDS OF STUDENTS TO STUDY AT TAU. DIRECTED GIFTS IN SUPPORT OF SPECIFIC FACULTIES AT TAU ALLOWED THE UNIVERSITY TO MAINTAIN ITS HIGH STANDARDS. DEDICATED GIFTS FUNDED THE CONSTRUCTION OF NEW AND OR UPDATED DENTAL SCHOOL FACILITIES, PRESIDENTIAL SCHOLARSHIPS, YIDDISH LANGUAGE STUDIES, GENERAL SCHOLARSHIPS, THE BUSINESS SCHOOL, FACULTY RECRUITMENT, SUPPORT OF THE INSTITUTE FOR STRATEGIC STUDIES, CONFLICT RESOLUTION WORKSHOPS, CONSTRUCTION OF NEW DORMS TO ACCOMODATE THE GROWING STUDENT BODY, THE MINERVA CENTER OF THE HUMANITIES, STUDENT SERVICES AND THE CONSTRUCTION OF ISRAEL'S FIRST MUSEUM DEDICATED TO HOUSING ISRAEL'S LARGEST COLLECTION OF NATURAL HISTORY. 6183000 6183000 SCIENTIFIC RESEARCH AND COMPUTER SCIENCE: AFTAU RECEIVES DESIGNATED SUPPORT FOR TOP TIER SCIENTIFIC RESEARCH BEING PERFORMED AT TAU. RESEARCH IN CANCER, ALZHEIMERS, PARKINSON'S, ALS, ORPHAN DISEASES, DRUG DISCOVERY WORLD FOOD SUPPLY ISSUES. ADDITIONALLY CUTTING EDGE RESEARCH IN NANOSCIENCE, BIO-CYBERNETICS, CYBER SECURITY AND RESEARCH, ALTERNATIVE ENERGY AND OTHER NEXT GENERATION TECHNOLOGIES ARE ALSO BEING PURSUED. 46205 46205 30744722 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 1 1 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 7 0 33 1 0 0 0 0 0 1 1 0 0 0 0 X 50 50 1 1 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 NY IL CA PA FL MD CT MA NJ X ARI WEIN CFO 2127429070 39 BROADWAY NEW YORK NY 10006 RICHARD SINCERE CHAIRMAN 15.00 X X 0 0 0 MICHAEL SHAOUL TREASURER 3.00 X X 0 0 0 CLEMENT ERBMANN SECRETARY 2.00 X X 0 0 0 MICHAEL ADLER DIRECTOR 1.00 X 0 0 0 OFER ALON DIRECTOR 1.00 X 0 0 0 RICKI ALON DIRECTOR 2.00 X 0 0 0 GIL ARIE DIRECTOR 1.00 X 0 0 0 ALAN AUFZIEN DIRECTOR 1.00 X 0 0 0 LISA AUFZIEN DIRECTOR 1.00 X 0 0 0 LESLIE BENITAH DIRECTOR 1.00 X 0 0 0 YOSI BENLEVI DIRECTOR 2.00 X 0 0 0 DAVID BRAND DIRECTOR 1.00 X 0 0 0 GABY BRILL DIRECTOR 1.00 X 0 0 0 WILLIAM COHEN DIRECTOR 2.00 X 0 0 0 DR ARTURO CONSTANTINER DIRECTOR 1.00 X 0 0 0 HON RAMY DJERASSI DIRECTOR 1.00 X 0 0 0 JAMES DUBIN DIRECTOR 1.00 X 0 0 0 RICHARD EDLIN DIRECTOR 1.00 X 0 0 0 JACK FEILER DIRECTOR 1.00 X 0 0 0 DR KATHY FIELDS DIRECTOR 1.00 X 0 0 0 DR ALLEN FINKELSTEIN DIRECTOR 1.00 X 0 0 0 ISAAC FISHER DIRECTOR 1.00 X 0 0 0 NOMI GHEZ DIRECTOR 1.00 X 0 0 0 JON GURKOFF DIRECTOR 2.00 X 0 0 0 GABRIEL HAMANI DIRECTOR 1.00 X 0 0 0 ELLEN T HORING DIRECTOR 3.00 X 0 0 0 HAROLD KAPLAN DIRECTOR 1.00 X 0 0 0 MELVIN KATTEN DIRECTOR 1.00 X 0 0 0 VINNA KATZ DIRECTOR 2.00 X 0 0 0 CHAIM KATZMAN DIRECTOR 1.00 X 0 0 0 HARVEY KRUEGER DIRECTOR (UNTIL APRIL 24, 2017) 1.00 X 0 0 0 MICHAEL LEIT DIRECTOR 1.00 X 0 0 0 JOAN LESSING DIRECTOR 2.00 X 0 0 0 NORMAN LIPOFF DIRECTOR 1.00 X 0 0 0 RALPH MANDELL DIRECTOR 2.00 X 0 0 0 DR GARRY RAYANT DIRECTOR 2.00 X 0 0 0 SHIRA RONEN DIRECTOR 1.00 X 0 0 0 HARVEY ROTHENBERG DIRECTOR 1.00 X 0 0 0 DR MARC ROTHMAN DIRECTOR 1.00 X 0 0 0 TIMOTHY SCHLINDWEIN DIRECTOR 3.00 X 0 0 0 ALAN SILBERSTEIN DIRECTOR 2.00 X 0 0 0 JACQUELINE SIMKIN DIRECTOR 2.00 X 0 0 0 MICHEL STEINBERGER DIRECTOR 1.00 X 0 0 0 DR RADA SUMAREVA DIRECTOR 2.00 X 0 0 0 SARA SUMMERS DIRECTOR 1.00 X 0 0 0 AARON TARTAKOVSKY DIRECTOR 1.00 X 0 0 0 JOEL TAUBER DIRECTOR 2.00 X 0 0 0 GAIL WHITE DIRECTOR 1.00 X 0 0 0 DR BEN WILLIAMOWSKY DIRECTOR 2.00 X 0 0 0 DR NIK WOLFSON DIRECTOR 1.00 X 0 0 0 DR MURRY ZUCKER DIRECTOR 1.00 X 0 0 0 GAIL REISS PRESIDENT/CEO 40.00 X 496953 0 27540 ARI WEIN CFO 40.00 X 196663 0 40182 JOE HUBER SVP, DEVELOPMENT 40.00 X 219573 0 25269 FRANCINE E SOMMERS VP COMMUNICATIONS 40.00 X 155874 0 22332 ROSALIE LURIE SENIOR DIRECTOR WESTERN REGION 40.00 X 143620 0 21465 DAVID H DORFMAN VP WESTERN REGION 40.00 X 129387 0 26985 NADINE COHEN DIRECTOR MIDWEST-CHICAGO 40.00 X 134866 0 19152 1476936 0 182925 9 0 1 0 0 594515 24097958 210531 24692473 OVERSEAS STUDENT FEES 611310 8063229 8063229 8063229 1191868 1191868 9268514 8321799 946715 946715 946715 72685 594515 142126 -69441 -69441 OTHER 900099 29469 29469 29469 34854313 8063229 0 2098611 12005 12005 30194134 30194134 772963 239747 533216 2207038 249396 579315 1378327 125323 17884 28121 79318 407880 50275 102062 255543 185296 20888 48836 115572 26395 26395 111283 23383 87900 253090 253090 48080 16050 32030 381953 1000 88088 292865 385721 55863 227459 102399 141448 21564 29971 89913 327440 31000 88932 207508 179246 39609 20946 118691 230479 6671 18614 205194 43566 13070 30496 44894 5000 19947 19947 36078234 30744722 1872493 3461019 974591 921037 11906072 11972093 22415779 23002153 125071 117858 522578 403053 154616 119525 39825814 43479304 125424 103329 9493 86443 75536860 79801742 393614 376026 1758611 2378478 2996756 3067294 5148981 5821798 X 382916 459156 42487416 44768642 27517547 28752146 70387879 73979944 75536860 79801742 X -1223921 2982315 1833671 X X 0 1 X 1 0 X 16485699 35382092 36898420 22635640 24692473 136094324 16485699 35382092 36898420 22635640 24692473 136094324 20648618 115445706 888951 786024 992263 1074456 1191868 4933562 23522 12773 19006 68880 29469 153650 141181536 38890795 0.81770 0.78780 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 27517547 1528085 2131537 1071999 30105170 26277656 1208193 796698 765000 27517547 22131048 4202580 -88222 32250 26277656 21985828 101890 43330 22131048 21507935 890894 -13001 400000 21985828 0.95510 0.04490 0 0 30000 30000 142571 130386 12185 350007 272667 77340 119525 ANNUITY OBLIGATIONS 3018751 DEFERRED RENT 48543 3067294 X 36317209 2982315 -1266329 1715986 34601223 253090 253090 34854313 35825144 0 35825144 253090 253090 36078234 PART V, LINE 4: ENDOWMENT FUNDS ARE USED FOR THE FOLLOWING: FELLOWSHIPS, SCHOLARSHIPS, CHAIRS, AND SPECIAL PROJECTS. PART X, LINE 2: AFTAU HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING SEPTEMBER 30, 2014 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -1,266,329. 1 MIDDLE EAST AND NORTH AFRICA GRANTS TO RECIPIENTS IN REGION 30123059 INDIA GRANTS TO RECIPIENTS IN REGION 36144 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM GRANTS TO RECIPIENTS IN REGION 34931 0 0 0 0 0 0 30194134 0 30194134 MIDDLE EAST AND NORTH AFRICA OPERATING GRANT 26434692 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA OPERATING GRANT 3409089 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA OPERATING GRANT 256078 WIRE TRANSFER INDIA RESEARCH GRANT 36144 WIRE TRANSFER 3 0 RESEARCH GRANTS MIDDLE EAST AND NORTH AFRICA 1 20000 WIRE TRANSFER ACADEMIC GRANTS AND SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 1 3200 WIRE TRANSFER RESEARCH GRANTS EUROPE (INCLUDING ICELAND AND GREENLAND) 1 34931 WIRE TRANSFER 0 0 0 0 0 0 PART I, LINE 2: AMERICAN FRIENDS OF TEL AVIV UNIVERSITY HIRES AN INDEPENDENT AUDITOR IN ISRAEL TO DO AN ANNUAL AUDIT OF FUNDS THAT ARE TRANSFERRED TO THE RECIPIENTS THERE. DENTAL DINNER 667200 594515 72685 23285 106849 9670 2322 667200 594515 72685 23285 106849 9670 2322 142126 -69441 1 ACADEMIC GRANTS AND SCHOLARSHIPS 3 12005 PART I, LINE 2: SCHOLARSHIPS ARE FOR THOSE STUDENTS STUDYING TOWARDS AN ACADEMIC DEGREE ON A FULL TIME BASIS. SCHOLARSHIPS ARE GRANTED ACCORDING TO THE FINANCIAL SITUATION OF APPLICANTS AND THEIR FAMILIES. OTHER CRITERIA SUCH AS SCHOLASTIC ACHIEVEMENT, EFFORTS AT SELF-SUPPORT, ARMY SERVICE, ETC. ARE ALSO TAKEN INTO CONSIDERATION. X X X X 0 0 0 0 0 0 0 1 0 GAIL REISS PRESIDENT/CEO 395369 0 100000 0 1584 0 13250 0 14290 0 524493 0 0 0 ARI WEIN CFO 196111 0 0 0 552 0 19666 0 20516 0 236845 0 0 0 JOE HUBER SVP, DEVELOPMENT 217858 0 0 0 1715 0 10979 0 14290 0 244842 0 0 0 FRANCINE E SOMMERS VP COMMUNICATIONS 154290 0 0 0 1584 0 8042 0 14290 0 178206 0 0 0 ROSALIE LURIE SENIOR DIRECTOR WESTERN REGION 141766 0 0 0 1854 0 14362 0 7103 0 165085 0 0 0 DAVID H DORFMAN VP WESTERN REGION 129171 0 0 0 216 0 6469 0 20516 0 156372 0 0 0 NADINE COHEN DIRECTOR MIDWEST-CHICAGO 134506 0 0 0 360 0 6743 0 12409 0 154018 0 0 0 PART I, LINE 7 GAIL REISS RECEIVED A BONUS DUE TO THE EXTRAORDINARY GROWTH OF THE ORGANIZATION UNDER HER LEADERSHIP. THIS BONUS WAS RECOMMENDED BY THE SUB COMMITTEE ON EXECUTIVE COMPENSATION AND APPROVED BY THE FINANCE COMMITTEE. X 1 15000 FMV X 9 195531 FMV 0 1 0 PART I, COLUMN (B): AMERICAN FRIENDS OF THE TEL AVIV UNIVERSITY, INC. IS REPORTING THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 2 MICHAEL SHAOUL, RICHARD SINCERE, AND TIM SCHLINDWEIN HAVE A BUSINESS RELATIONSHIP. GAIL WHITE AND WILLIAM COHEN HAVE A FAMILY RELATIONSHIP. JOEL TAUBER AND ELLEN HORING HAVE A FAMILY RELATIONSHIP. ALAN AUFZIEN AND LISA AUFZIEN HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 3 COMPOSITION OF THE EXECUTIVE COUNCIL: THE EXECUTIVE COUNCIL SHALL CONSIST OF THE CHAIRMAN OF THE BOARD OF DIRECTORS, THE PRESIDENT EX OFFICIO, THE SECRETARY, THE TREASURER, THE CHAIRMAN EMERITUS, THE CHAIRMAN OF EACH OF THE FACULTY BOARDS, THE CHAIRMAN OF THE FOLLOWING STANDING COMMITTEES: DEVELOPMENT, COMMUNICATIONS, INVESTMENT, NOMINATIONS AND MANAGEMENT/FINANCE AND NO MORE THAN FOUR ADDITIONAL MEMBERS OF THE BOARD OF DIRECTORS APPOINTED TO THE EXECUTIVE COUNCIL BUT THE CHAIRMAN OF THE BOARD OF DIRECTORS. DUTIES OF THE EXECUTIVE COUNCIL: THE EXECUTIVE COUNCIL SHALL BE THE MANAGING BODY OF THE CORPORATION AND SHALL ACT ON ALL MATTERS ORDINARILY REFERRED TO THE BOARD OF DIRECTORS BETWEEN ITS MEETINGS, EXCEPT THAT IT SHALL HAVE NO POWER AS TO THE FOLLOWING MATTERS: (A) REMOVAL OF DIRECTORS FROM OFFICE; (B) CHANGING THE NUMBER OF DIRECTORS; (C) THE FILING OF VACANCIES IN THE BOARD OF DIRECTORS OR IN ANY COMMITTEE; (D) THE AMENDMENTS OF THE CERTIFICATE OF INCORPORATION; (E) THE AMENDMENTS OR REPEAL OF THE BY-LAWS; AND (F) THE AMENDMENT OR REPEAL OF ANY RESOLUTIONS OF THE BOARD OF DIRECTORS. THE EXECUTIVE COUNCIL SHALL REVIEW ALL OF THE SIGNIFICANT DEVELOPMENTS OF THE CORPORATION AND ITS OPERATIONS, INCLUDING THE CURRENT CAMPAIGN, FINANCES AND UNIVERSITY-RELATED ISSUES. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WAS PROVIDED TO EACH VOTING MEMBER OF THE GOVERNING BOARD PRIOR TO ITS BEING FINALIZED. ANY QUESTIONS, SUGGESTIONS OF RELEVANT INFORMATION OR CHANGES ARE INCLUDED IN THE FINAL DOCUMENT THAT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE CONFLICT OF INTEREST POLICY DISCLAIMER/DISCLOSURE REQUEST IS SENT TO ALL APPLICABLE OFFICES, DIRECTORS, KEY EMPLOYEES ETC. FOLLOW UP ENSURES THAT ALL PARTIES SIGN AND RETURN THEIR RESPECTIVE FORMS. IF ANY CONFLICT SITUATIONS ARISE THE BOARD WOULD BE INFORMED AND THE VOTE WOULD TAKE PLACE WITH THE CONFLICTED PERSON RECUSING THEMSELVES FROM THE VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE SALARY FOR THE POSITION OF PRESIDENT WAS COMPARED TO OTHER SIMILAR ORGANIZATIONS. THE COMPARISONS WERE DONE USING PUBLICLY AVAILABLE INFORMATION ON FORMS 990 AS WELL AS SALARY SURVEYS BY OTHER INDEPENDENT ORGANIZATIONS. A SALARY REVIEW IS DONE ANNUALLY AS PART OF THE BUDGETING PROCESS AND ALL EXECUTIVE PAY IS REVIEWED BY THE ORGANIZATION'S EXECUTIVE COMMITTEE. THE SALARY FOR THE POSITION OF CFO OR OTHER SENIOR MANAGEMENT WAS COMPARED TO VARIOUS OTHER SIMILAR ORGANIZATIONS. THE COMPARISONS WERE DONE USING PUBLICLY AVAILABLE INFORMATION ON FORMS 990 AS WELL AS SALARY SURVEYS BY OTHER INDEPENDENT ORGANIZATIONS. A SALARY REVIEW IS DONE ANNUALLY AS PART OF THE BUDGETING PROCESS AND ALL EXECUTIVE AND SENIOR MANAGEMENT PAY IS REVIEWED BY THE ORGANIZATIONS EXECUTIVE COMMITTEE. THIS REVIEW WAS LAST PERFORMED IN OCTOBER 2016. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -1,266,329. ASSUMPTION OF SUPPORTING SERVICES 3,100,000. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS. DR GEORGE S WISE FOUNDATION INC 39 BROADWAY SUITE 1510 NEW YORK NY 10006 205875693 SUPPORTING ORGANIZATION NY 501(C)(3) 11, TYPE 1 AMERICAN FRIENDS OF TEL AVIV UNIVERSITY 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0