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        <TitleTxt>BOARD OF MANAGERS</TitleTxt>
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        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
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        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>ISAIAH ARKIN</PersonNm>
        <TitleTxt>VICE PRES. R&amp;D</TitleTxt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>SIMCHA SIMCHOVICH</PersonNm>
        <TitleTxt>HEAD OF HUMAN RESOURCES</TitleTxt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>EREL YIGAL</PersonNm>
        <TitleTxt>DEAN OF FACULTY OF NATURAL</TitleTxt>
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        <KeyEmployeeInd>X</KeyEmployeeInd>
        <ReportableCompFromOrgAmt>160969</ReportableCompFromOrgAmt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>DAVID LICHTSHTAIN</PersonNm>
        <TitleTxt>DEAN OF STUDENTS</TitleTxt>
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        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>AHARON FELMON</PersonNm>
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        <KeyEmployeeInd>X</KeyEmployeeInd>
        <ReportableCompFromOrgAmt>162208</ReportableCompFromOrgAmt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>YIZHAK HADAR</PersonNm>
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      <Form990PartVIISectionAGrp>
        <PersonNm>DANNY DOLEV</PersonNm>
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      <Form990PartVIISectionAGrp>
        <PersonNm>EHUD HEROSHOVSKY</PersonNm>
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      <Form990PartVIISectionAGrp>
        <PersonNm>TZVI PIRON</PersonNm>
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        <HighestCompensatedEmployeeInd>X</HighestCompensatedEmployeeInd>
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        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>21938</OtherCompensationAmt>
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      <TotReportableCompRltdOrgAmt>0</TotReportableCompRltdOrgAmt>
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      <ContractorCompensationGrp>
        <ContractorName>
          <BusinessName>
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        <ContractorAddress>
          <ForeignAddress>
            <AddressLine1Txt>JERUSALEM ISRAEL</AddressLine1Txt>
            <CityNm>JERUSALEM</CityNm>
            <ProvinceOrStateNm>JERUSALEM</ProvinceOrStateNm>
            <CountryCd>IS</CountryCd>
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      <ContractorCompensationGrp>
        <ContractorName>
          <BusinessName>
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        </ContractorName>
        <ContractorAddress>
          <ForeignAddress>
            <AddressLine1Txt>JERUSALEM ISRAEL</AddressLine1Txt>
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            <ProvinceOrStateNm>JERUSALEM</ProvinceOrStateNm>
            <CountryCd>IS</CountryCd>
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      <ContractorCompensationGrp>
        <ContractorName>
          <BusinessName>
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        <ContractorAddress>
          <ForeignAddress>
            <AddressLine1Txt>JERUSALEM ISRAEL</AddressLine1Txt>
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      <ContractorCompensationGrp>
        <ContractorName>
          <BusinessName>
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        <ContractorAddress>
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            <AddressLine1Txt>JERUSALEM ISRAEL</AddressLine1Txt>
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            <CountryCd>IS</CountryCd>
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      <ContractorCompensationGrp>
        <ContractorName>
          <BusinessName>
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        <ContractorAddress>
          <ForeignAddress>
            <AddressLine1Txt>JERUSALEM ISRAEL</AddressLine1Txt>
            <CityNm>JERUSALEM</CityNm>
            <ProvinceOrStateNm>JERUSALEM</ProvinceOrStateNm>
            <CountryCd>IS</CountryCd>
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      <ProgramServiceRevenueGrp>
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        <BusinessCd>611710</BusinessCd>
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      <RoyaltiesRevenueGrp>
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      <LessRentalExpensesGrp>
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      <RentalIncomeOrLossGrp>
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      <NetRentalIncomeOrLossGrp>
        <TotalRevenueColumnAmt>2915000</TotalRevenueColumnAmt>
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      <NetGainOrLossInvestmentsGrp>
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      <OtherRevenueMiscGrp>
        <Desc>EXCHANGE GAIN</Desc>
        <BusinessCd>900099</BusinessCd>
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      <OtherRevenueMiscGrp>
        <Desc>INVESTEE INCOME</Desc>
        <BusinessCd>900099</BusinessCd>
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        <ProgramServicesAmt>2434000</ProgramServicesAmt>
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      <OtherExpensesGrp>
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      <OtherExpensesGrp>
        <Desc>CURRENCY LOSS</Desc>
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        <ProgramServicesAmt>21123000</ProgramServicesAmt>
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      <OtherExpensesGrp>
        <Desc>MISCELLANEOUS</Desc>
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        <ProgramServicesAmt>3005000</ProgramServicesAmt>
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        <EOYAmt>1000</EOYAmt>
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        <EOYAmt>696952000</EOYAmt>
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        <EOYAmt>21008000</EOYAmt>
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        <EOYAmt>134992000</EOYAmt>
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      <TotalLiabilitiesGrp>
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        <EOYAmt>344038000</EOYAmt>
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        <EOYAmt>696952000</EOYAmt>
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      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
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      <FSAuditedBasisGrp>
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        <ContributorBusinessName>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorBusinessName>
        <ContributorUSAddress>
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          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
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        <InvestmentEarningsOrLossesAmt>4237000</InvestmentEarningsOrLossesAmt>
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        <EndYearBalanceAmt>-38501000</EndYearBalanceAmt>
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      <EndowmentsHeldRelatedOrgInd>0</EndowmentsHeldRelatedOrgInd>
      <LandGrp>
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        <BookValueAmt>18963000</BookValueAmt>
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      <BuildingsGrp>
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        <DepreciationAmt>6152000</DepreciationAmt>
        <BookValueAmt>40387000</BookValueAmt>
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      <OtherSecuritiesGrp>
        <Desc>OTHER INVESTMENTS</Desc>
        <BookValueAmt>175974000</BookValueAmt>
        <MethodValuationCd>C</MethodValuationCd>
      </OtherSecuritiesGrp>
      <TotalBookValueSecuritiesAmt>175974000</TotalBookValueSecuritiesAmt>
      <OtherLiabilitiesOrgGrp>
        <Desc>LONG-TERM LOAN</Desc>
        <Amt>245000</Amt>
      </OtherLiabilitiesOrgGrp>
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        <NontaxableBenefitsRltdOrgsAmt>0</NontaxableBenefitsRltdOrgsAmt>
        <TotalCompensationFilingOrgAmt>219797</TotalCompensationFilingOrgAmt>
        <TotalCompensationRltdOrgsAmt>0</TotalCompensationRltdOrgsAmt>
        <CompReportPrior990FilingOrgAmt>0</CompReportPrior990FilingOrgAmt>
        <CompReportPrior990RltdOrgsAmt>0</CompReportPrior990RltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>TZVI PIRON</PersonNm>
        <TitleTxt>INFRASTRUCTURE COMMITTEE C</TitleTxt>
        <BaseCompensationFilingOrgAmt>172120</BaseCompensationFilingOrgAmt>
        <CompensationBasedOnRltdOrgsAmt>0</CompensationBasedOnRltdOrgsAmt>
        <BonusFilingOrganizationAmount>0</BonusFilingOrganizationAmount>
        <BonusRelatedOrganizationsAmt>0</BonusRelatedOrganizationsAmt>
        <OtherCompensationFilingOrgAmt>0</OtherCompensationFilingOrgAmt>
        <OtherCompensationRltdOrgsAmt>0</OtherCompensationRltdOrgsAmt>
        <DeferredCompensationFlngOrgAmt>0</DeferredCompensationFlngOrgAmt>
        <DeferredCompRltdOrgsAmt>0</DeferredCompRltdOrgsAmt>
        <NontaxableBenefitsFilingOrgAmt>21938</NontaxableBenefitsFilingOrgAmt>
        <NontaxableBenefitsRltdOrgsAmt>0</NontaxableBenefitsRltdOrgsAmt>
        <TotalCompensationFilingOrgAmt>194058</TotalCompensationFilingOrgAmt>
        <TotalCompensationRltdOrgsAmt>0</TotalCompensationRltdOrgsAmt>
        <CompReportPrior990FilingOrgAmt>0</CompReportPrior990FilingOrgAmt>
        <CompReportPrior990RltdOrgsAmt>0</CompReportPrior990RltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
    </IRS990ScheduleJ>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11</FormAndLineReferenceDesc>
        <ExplanationTxt>THE FORM 990 IS PROVIDED TO THE AUDIT COMMITTEE FOR REVIEW BEFORE IT IS FILED WITH IRS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE WITH THE POLICY BY INQUIRY OF ITS EMPLOYEES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15</FormAndLineReferenceDesc>
        <ExplanationTxt>THE SALARIES OF SENIOR MANAGEMENT OF THE UNIVERSITY ARE SET ACCORDING TO THE DECISION OF NATIONAL PUBLIC COMMITTEES. THE SALARIES OF UNIVERSITY EMPLOYEES ARE DETERMINED BY NATIONAL WAGE AGREEMENTS APPROVED BY THE FINANCE MINISTRY. IN EXCEPTIONAL CASES THERE IS A PUBLIC COMMITTEE THAT MAKES THE DECISION REGARDING THESE INDIVIDUAL CASES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>IN ACCORDANCE WITH THE LAW IN ISRAEL, THE UNIVERSITY SUPPLIES TO THE PUBLIC, UPON REQUEST, ALL NON-ACADEMIC INFORMATION AND IT ALSO POSTS ON ITS WEBSITE GOVERNING DOCUMENTS AND DATA REGARDING ITS BUDGET.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XII, LINE 2C:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE PROCESS DID NOT CHANGE FROM LAST YEAR.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="RetDoc1043400001">
      <IdDisregardedEntitiesGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>YISSUM RESEARCH DEVELOPMENT COMPANY</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <ForeignAddress>
          <AddressLine1Txt>GIVAT RAM</AddressLine1Txt>
          <CityNm>JERUSALEM</CityNm>
          <ProvinceOrStateNm>ISRAEL</ProvinceOrStateNm>
          <CountryCd>IS</CountryCd>
        </ForeignAddress>
        <LegalDomicileForeignCountryCd>IS</LegalDomicileForeignCountryCd>
        <TotalIncomeAmt>23253000</TotalIncomeAmt>
        <EndOfYearAssetsAmt>68551000</EndOfYearAssetsAmt>
      </IdDisregardedEntitiesGrp>
      <IdDisregardedEntitiesGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>UNIVERSITY ASSET MANAGEMENT CO</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <ForeignAddress>
          <AddressLine1Txt>JABOTINSKLY STREET</AddressLine1Txt>
          <CityNm>JERUSALEM</CityNm>
          <ProvinceOrStateNm>ISRAEL</ProvinceOrStateNm>
          <CountryCd>IS</CountryCd>
        </ForeignAddress>
        <LegalDomicileForeignCountryCd>IS</LegalDomicileForeignCountryCd>
        <TotalIncomeAmt>1769000</TotalIncomeAmt>
        <EndOfYearAssetsAmt>837000</EndOfYearAssetsAmt>
      </IdDisregardedEntitiesGrp>
      <IdDisregardedEntitiesGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>ACADEMON LTD MOUNT SCOPUS</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <ForeignAddress>
          <AddressLine1Txt>MOUNT SCOPUS</AddressLine1Txt>
          <CityNm>JERUSALEM</CityNm>
          <ProvinceOrStateNm>ISRAEL</ProvinceOrStateNm>
          <CountryCd>IS</CountryCd>
        </ForeignAddress>
        <LegalDomicileForeignCountryCd>IS</LegalDomicileForeignCountryCd>
        <TotalIncomeAmt>936000</TotalIncomeAmt>
        <EndOfYearAssetsAmt>452000</EndOfYearAssetsAmt>
      </IdDisregardedEntitiesGrp>
      <IdDisregardedEntitiesGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>THE HEBREW UNIVETSITY MAGNES PRESSLTD</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <ForeignAddress>
          <AddressLine1Txt>JERUSALEM</AddressLine1Txt>
          <CityNm>JERUSALEM</CityNm>
          <ProvinceOrStateNm>ISRAEL</ProvinceOrStateNm>
          <CountryCd>IS</CountryCd>
        </ForeignAddress>
        <LegalDomicileForeignCountryCd>IS</LegalDomicileForeignCountryCd>
        <TotalIncomeAmt>1644000</TotalIncomeAmt>
        <EndOfYearAssetsAmt>1317000</EndOfYearAssetsAmt>
      </IdDisregardedEntitiesGrp>
      <IdDisregardedEntitiesGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>THE CENTER FOR AGRICULATURAL ECONOMICS RESEARCH</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <ForeignAddress>
          <AddressLine1Txt>JERUSALEM</AddressLine1Txt>
          <CityNm>JERUSALEM</CityNm>
          <ProvinceOrStateNm>ISRAEL</ProvinceOrStateNm>
          <CountryCd>IS</CountryCd>
        </ForeignAddress>
        <LegalDomicileForeignCountryCd>IS</LegalDomicileForeignCountryCd>
        <TotalIncomeAmt>70000</TotalIncomeAmt>
        <EndOfYearAssetsAmt>1606000</EndOfYearAssetsAmt>
      </IdDisregardedEntitiesGrp>
      <IdDisregardedEntitiesGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>THE MAGID INSTITUTE FOR CONTINUING EDUCATION</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <ForeignAddress>
          <AddressLine1Txt>JERUSALEM</AddressLine1Txt>
          <CityNm>JERUSALEM</CityNm>
          <ProvinceOrStateNm>JERUSALEM</ProvinceOrStateNm>
          <CountryCd>IS</CountryCd>
        </ForeignAddress>
        <LegalDomicileForeignCountryCd>IS</LegalDomicileForeignCountryCd>
        <TotalIncomeAmt>6996000</TotalIncomeAmt>
        <EndOfYearAssetsAmt>1947000</EndOfYearAssetsAmt>
      </IdDisregardedEntitiesGrp>
      <IdDisregardedEntitiesGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>THE NATIONAL LIBRARY OF ISRAEL LTD</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <ForeignAddress>
          <AddressLine1Txt>JERUSALEM</AddressLine1Txt>
          <CityNm>JERUSALEM</CityNm>
          <ProvinceOrStateNm>JERUSALEM</ProvinceOrStateNm>
          <CountryCd>IS</CountryCd>
        </ForeignAddress>
        <LegalDomicileForeignCountryCd>IS</LegalDomicileForeignCountryCd>
      </IdDisregardedEntitiesGrp>
    </IRS990ScheduleR>
  </ReturnData>
</Return>
