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        <TotalAmt>181549</TotalAmt>
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        <Desc>BANK FEES</Desc>
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        <ManagementAndGeneralAmt>50229</ManagementAndGeneralAmt>
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        <Desc>Academic services</Desc>
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      <LoansFromOfficersDirectorsGrp>
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      <OrganizationFollowsSFAS117Ind>X</OrganizationFollowsSFAS117Ind>
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      <InfoInScheduleOPartXIInd>X</InfoInScheduleOPartXIInd>
      <ReconcilationRevenueExpnssAmt>705087</ReconcilationRevenueExpnssAmt>
      <DonatedServicesAndUseFcltsAmt>30030</DonatedServicesAndUseFcltsAmt>
      <PriorPeriodAdjustmentsAmt>1502406</PriorPeriodAdjustmentsAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>false</AccountantCompileOrReviewInd>
      <FSAuditedInd>true</FSAuditedInd>
      <FSAuditedBasisGrp>
        <ConsolidatedBasisFinclStmtInd>X</ConsolidatedBasisFinclStmtInd>
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      <AuditCommitteeInd>true</AuditCommitteeInd>
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      <GrossReceiptsNonUnrltBusGrp>
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      <TaxRevLeviedOrgnztnlBnft509Grp>
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      <GovtFurnSrvcFcltsVl509Grp>
        <TotalAmt>0</TotalAmt>
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      <PublicSupportTotal509Amt>8723954</PublicSupportTotal509Amt>
      <GrossInvestmentIncome509Grp>
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      <TotalSupportCalendarYearGrp>
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      <PublicSupportCY509Pct>1.00000</PublicSupportCY509Pct>
      <PublicSupportPY509Pct>1.00000</PublicSupportPY509Pct>
      <InvestmentIncomeCYPct>0.00000</InvestmentIncomeCYPct>
      <ThirtyThrPctSuprtTestsCY509Ind>X</ThirtyThrPctSuprtTestsCY509Ind>
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          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
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          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
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      <OtherLiabilitiesOrgGrp>
        <Desc>RELATED PARTY</Desc>
        <Amt>335903</Amt>
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      <TotalLiabilityAmt>335903</TotalLiabilityAmt>
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        <RegionTxt>Israel</RegionTxt>
        <OfficesCnt>1</OfficesCnt>
        <EmployeeCnt>23</EmployeeCnt>
        <TypeOfActivitiesConductedTxt>Administrative services</TypeOfActivitiesConductedTxt>
        <SpecificServicesProvidedTxt>Administrative &amp; academic serv</SpecificServicesProvidedTxt>
        <RegionTotalExpendituresAmt>1229968</RegionTotalExpendituresAmt>
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      <SubtotalOfficesCnt>1</SubtotalOfficesCnt>
      <SubtotalEmployeesCnt>23</SubtotalEmployeesCnt>
      <TotalOfficeCnt>1</TotalOfficeCnt>
      <TotalEmployeeCnt>23</TotalEmployeeCnt>
      <SubtotalSpentAmt>1229968</SubtotalSpentAmt>
      <TotalSpentAmt>1229968</TotalSpentAmt>
      <TransferToForeignCorpInd>false</TransferToForeignCorpInd>
      <InterestInForeignTrustInd>false</InterestInForeignTrustInd>
      <ForeignCorpOwnershipInd>true</ForeignCorpOwnershipInd>
      <PassiveForeignInvestmestCoInd>false</PassiveForeignInvestmestCoInd>
      <ForeignPartnershipInd>false</ForeignPartnershipInd>
      <BoycottCountriesInd>false</BoycottCountriesInd>
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      <LoansBtwnOrgInterestedPrsnGrp>
        <PersonNm>Shai Reshef</PersonNm>
        <RelationshipWithOrgTxt>Director, President</RelationshipWithOrgTxt>
        <LoanPurposeTxt>Charitable Advance</LoanPurposeTxt>
        <LoanToOrganizationInd>X</LoanToOrganizationInd>
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        <BalanceDueAmt>2700000</BalanceDueAmt>
        <DefaultInd>false</DefaultInd>
        <BoardOrCommitteeApprovalInd>true</BoardOrCommitteeApprovalInd>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 11b: Form 990 Review Process</FormAndLineReferenceDesc>
        <ExplanationTxt>The following steps were taken to review the IRS Form 990:1) The Form 990 was reviewed and approved by the University controller.2) The Form 990 was reviewed by the University Chief Financial Officer.3) The Form 990 was then presented to the University's Audit and Compliance Committee.4) The Form 990 was distributed to the full Board of Trustees for review.5) Following the review period, the Form 990 was electronically filed with the IRS.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 19: Other Organization Documents Publicly Available</FormAndLineReferenceDesc>
        <ExplanationTxt>No other documents available to the public.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XI, LINE 8</FormAndLineReferenceDesc>
        <ExplanationTxt>During the year ended August 31, 2016, management re-evaluated the prior implementation of its support and revenue recognition policy and identified certain liabilities (deferred contributions) amounting to approximately $385,139 at August 31, 2015 which had been incorrectly stated as a liability on the August 31, 2015 statement of financial position. As a result, management has restated the Organization's net assets at August 31, 2015 by reducing the net deficit by $385,193.Additionally, management noted that a long-term loan received from the Organization's founder at a Lower-than-market interest rate was not discounted to present value and the corresponding temporarily restricted interest contribution was not recorded. As a result, management has restated the Organizationns net assets at August 31, 2015 by reducing the net deficit by approximately $1,117,267 and increasing temporarily restricted net assets by approximately the same amount.</ExplanationTxt>
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          <CityNm>Tel Aviv</CityNm>
          <CountryCd>IS</CountryCd>
          <ForeignPostalCd>6230253</ForeignPostalCd>
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        <LegalDomicileForeignCountryCd>IS</LegalDomicileForeignCountryCd>
        <DirectControllingNACd>N/A</DirectControllingNACd>
        <EntityTypeTxt>C corp</EntityTypeTxt>
        <OwnershipPct>1.00000</OwnershipPct>
        <ControlledOrganizationInd>true</ControlledOrganizationInd>
      </IdRelatedOrgTxblCorpTrGrp>
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      <GiftGrntOrCapContriToOthOrgInd>false</GiftGrntOrCapContriToOthOrgInd>
      <GiftGrntCapContriFromOthOrgInd>false</GiftGrntCapContriFromOthOrgInd>
      <LoansOrGuaranteesToOtherOrgInd>false</LoansOrGuaranteesToOtherOrgInd>
      <LoansOrGuaranteesFromOthOrgInd>false</LoansOrGuaranteesFromOthOrgInd>
      <DivRelatedOrganizationInd>false</DivRelatedOrganizationInd>
      <AssetSaleToOtherOrgInd>false</AssetSaleToOtherOrgInd>
      <AssetPurchaseFromOtherOrgInd>false</AssetPurchaseFromOtherOrgInd>
      <AssetExchangeInd>false</AssetExchangeInd>
      <RentalOfFacilitiesToOthOrgInd>false</RentalOfFacilitiesToOthOrgInd>
      <RentalOfFcltsFromOthOrgInd>false</RentalOfFcltsFromOthOrgInd>
      <PerformOfServicesForOthOrgInd>false</PerformOfServicesForOthOrgInd>
      <PerformOfServicesByOtherOrgInd>false</PerformOfServicesByOtherOrgInd>
      <SharingOfFacilitiesInd>false</SharingOfFacilitiesInd>
      <PaidEmployeesSharingInd>false</PaidEmployeesSharingInd>
      <ReimbursementPaidToOtherOrgInd>false</ReimbursementPaidToOtherOrgInd>
      <ReimbursementPaidByOtherOrgInd>false</ReimbursementPaidByOtherOrgInd>
      <TransferToOtherOrgInd>false</TransferToOtherOrgInd>
      <TransferFromOtherOrgInd>false</TransferFromOtherOrgInd>
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</Return>