2015-07-15T13:15:24-05:00 2014-09-30 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2013-10-01 131996126 AMERICAN FRIENDS OF THE TEL AVIV UNIVERSITYINC AMER 2127429070 39 BROADWAY NEW YORK NY 10006 ARI WEIN CFO 2127429070 2015-07-15 1 ISRAEL TANNENBAUM P01589203 2128674000 2013 2016-02-25 16:41:14Z ARI WEIN 39 BROADWAY NEW YORK NY 10006 56062611 0 X WWW.AFTAU.ORG X 1955 NY DEVELOPMENT & ADVANCEMENT OF HIGHER EDUCATION 39 39 32 40 0 0 16485699 35382092 6575698 7837757 1865483 2504940 -40261 -100429 24886619 45624360 18709243 33042867 0 0 2972332 3196109 181500 181838 2930589 1814715 1931753 23677790 38352567 1208829 7271793 53082975 62732139 5334307 4990401 47748668 57741738 X AMERICAN 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 7829165 7129809 7837757 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. 14532435 14532435 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 ISRAELS FIRST MUSEUM DEDICATED TO HOUSING ISRAELS LARGEST COLLECTION OF NATURAL HISTORY. 11380623 11380623 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. 33742223 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 1 1 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 9 0 32 1 0 0 0 0 0 1 1 0 0 0 0 X 39 39 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 2127429070 39 BROADWAY NEW YORK NY 10006 WILLIAM F COHEN DIRECTOR 5.00 X X 0 0 0 JON GURKOFF NATIONAL CHAIRMAN 10.00 X X 0 0 0 MICHAEL SHAOUL TREASURER 20.00 X X 0 0 0 RICKI ALON DIRECTOR 2.00 X 0 0 0 ALAN L AUFZIEN DIRECTOR 2.00 X 0 0 0 ARTURO CONSTANTINER DIRECTOR 1.00 X 0 0 0 JACK FEILER DIRECTOR 1.00 X 0 0 0 NOMI P GHEZ DIRECTOR 2.00 X 0 0 0 GABRIEL HAMANI DIRECTOR 1.00 X 0 0 0 MELVIN L KATTEN DIRECTOR 1.00 X 0 0 0 CHAIM KATZMAN DIRECTOR 1.00 X 0 0 0 HARVEY M KRUEGER DIRECTOR 10.00 X 0 0 0 JOAN C LESSING DIRECTOR 3.00 X 0 0 0 NORMAN H LIPOFF DIRECTOR 2.00 X 0 0 0 TAMAR RUDICH DIRECTOR 2.00 X 0 0 0 ALAN M SILBERSTEIN DIRECTOR 1.00 X 0 0 0 JACQUELINE SIMKIN DIRECTOR 2.00 X 0 0 0 JOEL D TAUBER DIRECTOR 2.00 X 0 0 0 DR BEN A WILLIAMOWSKY DIRECTOR 5.00 X 0 0 0 MURRAY ZUCKER DIRECTOR 1.00 X 0 0 0 JOSEPH KLAFTER DIRECTOR 40.00 X 0 0 0 ELLEN T HORING DIRECTOR 1.00 X 0 0 0 RICHARD SINCERE SECRETARY 2.00 X 0 0 0 ALLEN RESSLER DIRECTOR 1.00 X 0 0 0 DR MARC ROTHMAN DIRECTOR 1.00 X 0 0 0 MICHEL STEINBERGER DIRECTOR 1.00 X 0 0 0 DR NIKOLAJ WOLFSON DIRECTOR 5.00 X 0 0 0 CLEMENT ERBMANN DIRECTOR 1.00 X 0 0 0 GAIL WHITE DIRECTOR 1.00 X 0 0 0 JAMES DUBIN DIRECTOR 1.00 X 0 0 0 BONNIE BRAND DIRECTOR 1.00 X 0 0 0 SANFORD M BAKLOR DIRECTOR 1.00 X 0 0 0 OFER ALON DIRECTOR 1.00 X 0 0 0 MICHAEL ADLER DIRECTOR 1.00 X 0 0 0 LISA AUFZIEN DIRECTOR 1.00 X 0 0 0 YOSSI BENLEVI DIRECTOR 1.00 X 0 0 0 RICHARD EDLIN DIRECTOR 1.00 X 0 0 0 HAROLD KAPLAN DIRECTOR 1.00 X 0 0 0 MICHAEL LEIT DIRECTOR 1.00 X 0 0 0 MARK LEVENSON DIRECTOR 1.00 X 0 0 0 GAIL REISS PRESIDENT/CEO 40.00 X 347753 0 36743 ARI WEIN CFO/COO 40.00 X 165758 0 38435 JOE HUBER VP NORTHEAST REGION 40.00 X 177268 0 22162 BARBARA SCHREIBMAN DIRECTOR OF MARKETING 40.00 X 140429 0 13710 ROSALIE LURIE DIRECTOR WESTERN REGION 40.00 X 132566 0 18173 RICHARD KRUGER DIRECTOR OF MIDWEST 40.00 X 126513 0 21906 CAROLYN STEINBERG DIRECTOR OF NORTHERN CAROLINA 40.00 X 109475 0 22483 1199762 0 173612 7 0 1 0 NORTHERN TRUST 40 WEST 57TH STREET NEW YORK NY 10019 INVESTMENT ADVISORS 180217 ISRAEL EXPERTS INITIATIVES IN EDUCATION PO BOX 298 GEDERA IS PROGRAM ADVISORS 171889 J S FRIEDMAN INC 19111 COLLINS AVE 2305 N MIAMI BCH FL 33160 FLORIDA FUNDRAISING 163644 3 605422 34776670 1434123 35382092 OVERSEAS STUDENT FEES 611600 7837757 7837757 7837757 786024 786024 11986685 10267769 1718916 1718916 1718916 57280 605422 170482 -113202 -113202 OTHER INCOME 900099 12773 12773 12773 45624360 9556673 0 685595 201257 201257 69570 69570 32772040 32772040 1233875 383558 850317 1464903 206747 527534 730622 65764 7066 22393 36305 259089 27837 88222 143030 172478 18532 58730 95216 33692 9155 22083 2454 72450 72450 181838 181838 281711 281711 46037 46037 305347 50799 254548 405941 178064 34941 192936 148840 60073 22192 66575 259720 27000 93088 139632 145536 39734 17986 87816 136214 16413 17970 101831 60757 7899 21143 31715 35508 4000 15754 15754 38352567 33742223 1679755 2930589 100 4398102 11016341 11857821 13952567 168507 87074 593819 353837 127743 239982 36296156 37235628 217864 170257 16682 30290 53082975 62732139 212806 240007 2309722 2018189 2811779 2732205 5334307 4990401 X 867417 1131167 24895423 34479523 21985828 22131048 47748668 57741738 53082975 62732139 X 7271793 416065 2305212 X X 0 1 X 1 0 X 7638204 8954577 12943719 16485699 35382092 81404291 7638204 8954577 12943719 16485699 35382092 81404291 844562 80559729 792991 861060 860334 888951 786024 4189360 14964 24543 16501 23522 12773 92303 85685954 29718774 0.94020 0.87540 X SCHEDULE A, PART II, LINE 10 EXPLANATION FOR OTHER INCOME: MISCELLANEOUS REVENUE RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21985828 101890 43330 22131048 21507935 890894 -13001 400000 21985828 20743157 944408 20370 200000 21507935 20538936 223580 -19359 20743157 19901469 633264 4203 20538936 1.00000 0 0 30000 30000 130906 105120 25786 432913 248717 184196 239982 ANNUITY OBLIGATIONS 2732205 2732205 X 45563926 416065 -194788 221277 45342649 281711 281711 45624360 38070856 0 38070856 281711 281711 38352567 PART V, LINE 4: ENDOWMENT FUNDS ARE USED FOR THE FOLLOWING: FELLOWSHIPS, SCHOLARSHIPS, CHAIRS, AND SPECIAL PROJECTS. PART X, LINE 2: UNCERTAINTY IN INCOME TAXES - AFTAU HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING SEPTEMBER 30, 2011 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -194,788. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES 281,711. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES 281,711. 1 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTS TO RECIPIENTS IN REGION 32762040 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 GRANTS TO RECIPIENTS IN REGION 10000 0 0 0 0 0 0 32772040 0 32772040 MIDDLE EAST AND NORTH AFRICA GENERAL SUPPORT 32738940 WIRE TRANSFER 1 RESEARCH GRANT MIDDLE EAST AND NORTH AFRICA 1 22000 WIRE TRANSFER RESEARCH GRANTS EUROPE (INCLUDING ICELAND AND GREENLAND) 1 10000 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. X X X X X X X 1 J S FRIEDMAN 19111 COLLINS AVE MIAMI FL 33160 FLORIDA FUNDRAISING 0 2600000 157838 2442162 NEAL P MYERBERG 179 SHORE ROAD OLD GREENWICH CT 06870 PLANNED GIVING 0 150000 24000 126000 2750000 181838 2568162 PA MD FL NY CA IL CT MA NJ KRUEGER DINNER 662702 605422 57280 106466 24919 39097 662702 605422 57280 106466 24919 39097 170482 -113202 SCHEDULE G, PART I, LINE 2B, COLUMN (V) AMOUNTS ARE PAID PER THE SIGNED CONTRACT AND ACTUAL EXPENSES INCURRED ARE PAID BASED ON PROPER DOCUMENTATION BEING PROVIDED. 1 THE REGENTS OF THE UNIV OF CALIF SAN DIEGO 9500 GILMAN DRIVE LA JOLLA CA 92093 956006144 501(C)(3) 70000 GENERAL SUPPORT ALPHA OMEGA FOUNDATION 50 WEST EDMONSTON DRIVE ROCKVILLE MD 20852 237059279 501(C)(3) 131257 PURCHASE OF MEDICAL EQUIPMENT 2 0 SCIENTIFIC RESEARCH 3 61696 SCHOLARSHIP 2 7874 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 276169 0 70000 0 1584 0 17388 0 19355 0 384496 0 0 0 ARI WEIN CFO/COO 165398 0 0 0 360 0 16576 0 21859 0 204193 0 0 0 JOE HUBER VP NORTHEAST REGION 175684 0 0 0 1584 0 8863 0 13299 0 199430 0 0 0 BARBARA SCHREIBMAN DIRECTOR OF MARKETING 138715 0 0 0 1714 0 7939 0 5771 0 154139 0 0 0 ROSALIE LURIE DIRECTOR WESTERN REGION 130852 0 0 0 1714 0 13257 0 4916 0 150739 0 0 0 PART I, LINE 7 GAIL REISS RECEIVED A BONUS DUE TO THE EXTRAORDINARY GROWTH OF THE ORGANIZATION UNDER HER LEADERSHIP. X 12 1434123 FMV OF STOCK PRICE 0 1 0 PART I, COLUMN (B): THERE WERE 12 CONTRIBUTIONS OF STOCKS BY 12 SEPERATE DONORS. FORM 990, PART VI, SECTION A, LINE 2 MICHAEL SHAOUL AND RICHARD SINCERE HAVE A BUSINESS RELATIONSHIP. GAIL WHITE AND WILLIAM COHEN HAVE A FAMILY RELATIONSHIP JOEL TAUBER AND ELLEN HORING 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 VICE CHAIRMAN OF THE BOARD, 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 11 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 DECEMBER 2013. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, FINANCIAL STATEMENTS AND 990 AND OTHER TAX RETURNS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -194,788. ASSUMPTION OF SUPPORTING SERVICES 2,500,000. 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 CHARITABLE REMAINDER TRUST (3) CRT NY N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0