2015-05-14T18:53:52-05:00 2014-06-30 PricewaterhouseCoopers LLP 300 Madison Avenue New York NY 10017 990 2013-07-01 131624225 YESHIVA UNIVERSITY % JACOB E HARMAN CFO YESH 2129605475 500 WEST 185TH STREET Suite NEW YORK NY 10033 JACOB E HARMAN CFO 2129605475 2015-05-13 true LAURA PARELLO P01080295 2129605475 2013 2016-02-25 16:41:14Z RICHARD JOEL 500 WEST 185TH STREET NEW YORK NY 10033 1212845135 false X WWW.YU.EDU X 1897 NY THE UNIVERSITY IS COMPOSED OF SEVERAL COLLEGES AND SCHOOLS PROVIDING EDUCATION, TRAINING, MEDICAL RESEARCH AND CLINICAL PROGRAMS. SEE SCHEDULE O. 38 36 6767 36 -2042986 -2279969 290149393 262751320 322328482 322181580 84006331 113036138 8410856 5851198 704895062 703820236 104228281 103370709 0 0 421622185 426736849 284986 135766 17903265 276857620 325128554 802993072 855371878 -98098010 -151551642 2195350642 2069067380 707618357 683293876 1487732285 1385773504 X THE UNIVERSITY IS COMPOSED OF SEVERAL COLLEGES AND SCHOOLS PROVIDING UNDERGRADUATE, GRADUATE, PROFESSIONAL AND POST-DOCTORAL EDUCATION AND TRAINING AND MEDICAL RESEARCH AND CLINICAL PROGRAMS. (SEE SCH O) false false 201410945 102950709 229298189 STUDENT INSTRUCTION. SEE SCHEDULE O. 255633298 0 25375807 RESEARCH & TRAINING. SEE SCHEDULE O. 288001390 0 67507584 PATIENT CARE, ACADEMIC SUPPORT, STUDENT SERVICES, INSTITUTIONAL SUPPORT, AUXILIARY SERVICES AND OTHER. 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ADVANCEMENT 35.0 1.0 X 0 0 0 SELMA BOTMAN - BEGAN FEBRUARY 2014 PROVOST - VP ACADEMIC AFFAIRS 35.0 0.0 X 0 0 EDWARD BURNS EXECUTIVE DEAN-EINSTEIN 35.0 0.0 X 624322 0 32695 VICTOR SCHUSTER PROFESSOR/CHAIRMAN-EINSTEIN 35.0 0.0 X 763167 0 18739 IRWIN MERKATZ PROFESSOR/CHAIRMAN-EINSTEIN 35.0 0.0 X 642915 0 31809 DAVID SHAFRITZ PROFESSOR EMERITUS-EINSTEIN 35.0 0.0 X 600460 0 33224 MARK MEHLER PROFESSOR/CHAIRMAN-EINSTEIN 35.0 0.0 X 618854 0 31493 DR NORMAN LAMM FORMER CHANCELLOR - JUNE 2013 0.0 0.0 X 121793 0 238041 10350380 0 1041768 807 true true false BIZTECH 1150 FIRST AVENUE KING OF PRUSSIA PA 19406 CONSULTING 2164103 SECURITAS SECURITY SERVICES 1412 BROADWAY NEW YORK NY 10018 SECURITY SERVICES 14244697 BP MECHANICAL CORP 8340 72ND DRIVE GLENDALE NY 11385 CONSTRUCTION 3441526 HURON CONSULTING SERVICE LLC 4795 PAYSHERE CIRCLE CHICAGO IL 60674 CONSULTING 1550368 GRR COOLING EXPERTS 151 21ST STREET BROOKLYN NY 19107 COOLING SERVICES 1654407 158 5386331 1462327 192053714 63848948 887336 262751320 STUDENT TUITION 900099 229298189 229298189 HOSPITAL AFFILIATION AGREEMENTS 900099 23473802 23473802 STUDENT & FACULTY AUXILIARY SERVICES 900099 24540758 24540758 FEES, CONTRACTS FROM GOV'T AGENCIES 900099 36571690 36571690 RESEARCH RELATED REVENUE 900099 1902005 1902005 6395136 6395136 322181580 11726631 -2042986 13769617 0 2645516 2645516 12357623 9938225 2419398 0 2419398 2419398 526906434 72500000 462005913 36091014 64900521 36408986 101309507 101309507 414536 5386331 989747 -575211 -575211 0 0 REVENUE FOR CAPITAL RENOVATION 900099 1361495 1361495 1361495 703820236 322181580 -2042986 120930322 1048734 1048734 99327028 99327028 2994947 2994947 0 5409042 4083482 455994 869566 0 331339662 297525551 24449311 9364800 19702795 18126571 1576224 50320379 43601272 4025630 2693477 19964971 18367773 1597198 0 5526316 5526316 1506320 1506320 229107 229107 135766 135766 1629805 1629805 46908254 45613343 254613 1040298 1691112 1153203 321311 216598 12081134 8771251 2295415 1014468 15123719 12009278 2873507 240934 978547 792623 185924 35417324 28688032 6729292 6673185 5007261 1267905 398019 0 3210385 2589115 609973 11297 23105014 18715061 4389953 0 47554422 38519082 9035340 6594042 5335374 1252868 5800 SECURITY SERVICES 12983286 10507056 2466824 9406 REPAIRS AND MAINTENANCE 21053453 17044613 4000156 8684 LAB EXPENSES & SUPPLIES 31691975 25663515 6021475 6985 BAD DEBTS & WRITE-OFFS 12087333 9790740 2296593 0 39083821 29770728 7425926 1887167 855371878 745045633 92422980 17903265 4236948 15894448 15789461 22208758 185513792 160368913 0 0 0 0 0 0 17949239 18059127 0 0 13391496 20316754 1176440810 546554885 699912049 629885925 435045366 360387884 669259619 688977615 55282209 54338642 0 0 98970463 98629314 2195350642 2069067380 92776926 79396504 0 0 21078246 20966683 316620000 314470000 0 0 0 0 151088724 186662465 0 0 126054461 81798224 707618357 683293876 X 262545737 216280756 519790438 490436877 705396110 679055871 1487732285 1385773504 2195350642 2069067380 X -151551642 49509686 -17632 100807 X false true X true true true X 248597076 291623949 263964714 290149393 262751320 1357086452 0 0 0 0 0 0 0 0 0 0 0 0 248597076 291623949 263964714 290149393 262751320 1357086452 0 1357086452 25098707 23076331 21976784 23079620 28840436 122071878 0 0 0 0 0 0 5144666 5637819 1207043 1231184 1361495 14582207 1493740537 1540722050 0.90852 0.00000 X false true false false false false true 531679 false false 531679 false SCHEDULE C, PART II-B, LINE 1B AND 1G HINMAN STRAUB ADVISORS LLC, PATRICIA LYNCH ASSOCIATES, MANATT PHELPS & PHILIPS, AND MIRRAM GROUP LCC ARE AUTHORIZED TO ENGAGE IN LOBBYING ACTIVITIES WITH EITHER NEW YORK STATE AND/OR NEW YORK CITY, WITH RESPECT TO LEGISLATIVE AND REGULATORY ISSUES ON BEHALF OF YESHIVA UNIVERSITY AND STATE RESEARCH FUNDING ON BEHALF OF THE ALBERT EINSTEIN COLLEGE OF MEDICINE OF YESHIVA UNIVERSITY. THE TOTAL SHOWN INCLUDES THE UNIVERSITY'S RELATED INTERNAL COMPENSATION AND BENEFIT COSTS. DURING THE ANALYIS OF THE CURRENT YEAR LOBBYING ACTIVITIES, IT WAS DISCOVERED THAT YESHIVA UNIVERSITY'S PRIOR YEAR LOBBYING DISCLOSURES INADVERTENTLY OMITTED CERTAIN INTERNAL COMPENSATION COSTS. FOR THE 2011 AND 2012 FORM 990S, THE AMOUNTS ON PART II-B, LINE 1G AND 1J SHOULD HAVE BEEN $535,316 AND $530,715, RESPECTIVELY. 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THE COLLECTIONS FEATURE FINE ARTS, ETHNOGRAPHIC AND ARCHEOLOGICAL ARTIFACTS, CLOTHING AND TEXTILES, CEREMONIAL AND RITUAL OBJECTS, MANUSCRIPTS, BOOKS, AND OTHER DOCUMENTS. THE RARE AND UNIQUE TREASURES HELD BY YU CONSTITUTE THE LIBRARY'S SPECIAL COLLECTIONS. THE RARE BOOKS, MANUSCRIPTS AND ARCHIVAL RECORDS DOCUMENT THE JEWISH, RELIGIOUS, LITERARY ABD CULTURAL HERITAGE. SCHOLARS AND VISITORS ARE WELCOME TO CONSULT THE SPECIAL COLLECTIONS. THE RARE BOOK ROOM, A GLASS-ENCLOSED ROOM ON THE FOURTH FLOOR OF THE YESHIVA UNIVERSITY MENDEL GOTTESMAN LIBRARY WITH A CONTROLLED ENVIRONMENT, HOUSES THE UNIVERSITY'S RARE BOOKS AND MANUSCRIPTS COLLECTIONS. APPROXIMATELY EIGHT THOUSAND PRINTED VOLUMES, MOST OF THEM IN HEBREW, ARE INCLUDED IN THE RARE COLLECTIONS. ALSO, A COLLECTION OF OVER ONE THOUSAND RABBINIC AND HISTORICAL MANUSCRIPTS IS HOUSED IN THE RARE BOOK ROOM. THE ARCHIVES HOLD ORGANIZATIONAL AND INSTITUTIONAL RECORDS AND PRIVATE PAPERS RELATING TO THE MODERN JEWISH HISTORY AND CULTURE IN THE US AND ABROAD. SCHEDULE D, PART III, LINE 1A & 4 THE YESHIVA UNIVERSITY MUSEUM SHARES SPACE IN THE CENTER FOR JEWISH HISTORY, A STATE-OF-THE-ART FACILITY WITH FOUR INSTITUTIONS, THREE OF WHOM ARE RENOWNED RESEARCH AND ARCHIVAL INSTITUTIONS FOCUSING ON SPECIFIC ASPECTS OF JEWISH HISTORY AND CULTURE: THE YIVO INSTITUTE FOR JEWISH RESEARCH, THE AMERICAN JEWISH HISTORICAL SOCIETY, AMERICAN SEPHARDI FEDERATION, AND THE LEO BAECK INSTITUTE. THE MUSEUM HAS FOUR GALLERIES, AN EXHIBITION ARCADE, AN OUTDOOR SCULPTURE GARDEN, A DISCOVERY CENTER AND A CHILDREN'S WORKSHOP ROOM. THE MUSEUM HAS ACCESS TO A 250 SEAT, HANDICAPPED-ACCESSIBLE AUDITORIUM WITH A STATE-OF-THE-ART AV PROJECTION ROOM. THE YESHIVA UNIVERSITY MUSEUM PRESENTS EXHIBITIONS WITH AN INTERDISCIPLINARY FOCUS THAT REFLECT THE DIVERSITY OF THE MUSEUM'S COLLECTION. AS A RESOURCE FOR SCHOLARLY RESEARCH, YESHIVA UNIVERSITY MUSEUM'S EXHIBITIONS PROVIDE UNIQUE OPPORTUNITIES FOR ARTISTS, HISTORIANS, COLLECTORS, AND ETHNOGRAPHERS TO EXAMINE, COMPARE, AND RESEARCH OBJECTS, IDEAS, AND TECHNIQUES. ITS CONTEMPORARY ART SHOWS OFFER THE PUBLIC THE OPPORTUNITY TO SURVEY ART BEING CREATED BY LIVING JEWISH ARTISTS THROUGHOUT THE WORLD. YESHIVA UNIVERSITY MUSEUM'S PROGRAMS ARE DESIGNED TO EXPAND THE INTELLECTUAL AND CREATIVE IMAGINATION OF ITS DIVERSE AUDIENCES. THEY INCLUDE FAMILY CRAFT WORKSHOPS, LECTURES, FILMS, CONCERTS, AND MULTILINGUAL EXHIBITION TOURS IN ENGLISH, HEBREW, SPANISH, RUSSIAN, AND YIDDISH. SCHEDULE D, PART V, LINE 4 YESHIVA UNIVERSITY'S ENDOWMENT FUNDS ARE INTENDED FOR A VARIETY OF PURPOSES, INCLUDING STUDENT SCHOLARSHIPS AND LOANS, ACADEMIC CHAIRS, INSTRUCTION AND TRAINING, EDUCATIONAL PROGRAMS AND PROJECTS, RESEARCH, FELLOWSHIPS AND PATIENT CARE. SCHEDULE D, PART XI, LINE 2D RECLASS OF SCHOLARSHIPS -96,149,231 RECLASS OF CHANGE IN FMV OF SPLIT INTEREST AGREEMENTS 100,807 REVENUE FROM RELATED ENTITIES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 9,731,863 ------------- -86,316,561 SCHEDULE D, PART XI, LINE 4B RECLASS OF RENTAL EXPENSES -9,938,225 RECLASS OF FUNDRAISING EVENT EXPENSES - 989,747 ----------- -10,927,972 SCHEDULE D, PART XII, LINE 2D RECLASS OF RENTAL EXPENSES 9,938,225 RECLASS OF FUNDRAISING EVENT EXPENSES 989,747 EXPENSES FROM RELATED ENTITIES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 6,954,589 ----------- 17,882,561 SCHEDULE D, PART XII, LINE 4B RECLASS OF SCHOLARSHIPS 96,149,231 FIN 48 POSITION EFFECTIVE JULY 1, 2007, THE UNIVERSITY ADOPTED THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AN INTERPRETATION OF FASB STATEMENT NO. 109 (FIN 48). FIN 48 CLARIFIED THE ACCOUNTING FOR UNCERTAIN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FIN 48 ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE, AND TRANSITION. THERE WAS NO MATERIAL IMPACT TO THE UNIVERSITY'S CONSOLIDATED FINANCIAL STATEMENTS AS A RESULT OF THE ADOPTION OF FIN 48 IN THE YEAR OF ADOPTION OR IN THIS REPORTING YEAR. TEXT OF JUNE 30, 2014 FIN 48 (ASC 740) FOOTNOTE: MANAGEMENT ASSESSES ITS INCOME TAX POSITION EACH YEAR TO DETERMINE WHETHER IT IS MORE LIKELY THAN NOT TO BE SUSTAINED BY AN APPLICABLE TAXING AUTHORITY. THIS REVIEW FOR FISCAL 2014 HAD NO MATERIAL IMPACT ON THE CONSOLIDATED FINANCIAL STATEMENTS. SCHEDULE D, PART V, ENDOWMENT FUNDS - LINE 1E OTHER EXPENDITURES FOR FACILITIES AND PROGRAMS PRIMARILY INCLUDE THE TRANSFER OF CERTAIN PREVIOUSLY QUASI-ENDOWED FUNDS TO NON-ENDOWED FUNDS, OF WHICH A PORTION WAS WITHDRAWN FOR OPERATING PROGRAM SUPPORT. true true true true true true true false false false false false false false false true false true SCHEDULE E - PART I LINE 3 ALL RECRUITMENT ADVERTISING CONTAINS YESHIVA UNIVERSITY'S NON-DISCRIMINATION POLICY. SCHEDULE E - PART I LINE 6A YESHIVA UNIVERSITY RECEIVES FUNDS FROM THE NEW YORK STATE EDUCATION DEPARTMENT IN THE FORM OF GRANTS AND SCHOLARSHIPS, MOSTLY THROUGH THE TUITION ASSISTANCE PROGRAM TO PROVIDE FINANCIAL AID ASSISTANCE TO QUALIFYING STUDENTS AND RECEIVED BUNDY AID BASED ON DEGREES CONFERRED. FROM THE U.S. FEDERAL GOVERNMENT, YESHIVA RECEIVES AID THROUGH TITLE IV AND TITLE VII, INCLUDING PELL GRANTS, STAFFORD AND PLUS LOANS, SEOG, WORK STUDY, AND PERKINS AND HEALTH PROFESSION STUDENT LOAN PROGRAMS. FUNDS ARE USED 100% FOR FINANCIAL ASSISTANCE BY THE ELIGIBLE STUDENTS. BY THE ELIGIBLE STUDENTS. true Middle East and North Africa 1 1 Grantmaking N/A 2518319 Middle East and North Africa Program Services EDUCATION AND RESEARCH 4433908 Middle East and North Africa Investments N/A 8569775 Europe (Including Iceland and Greenland) 1 Program Services EDUCATION AND RESEARCH 863022 Central America and the Caribbean 1 Program Services EDUCATION AND RESEARCH 105033 Central America and the Caribbean Investments N/A 202409736 South Asia 1 Program Services EDUC, RESEATCH, HEALTH 212200 Sub-Saharan Africa 1 Program Services EDUC, RESEATCH, HEALTH 578818 North America Grantmaking N/A 476628 North America 1 1 Program Services EDUCATION, FUNDRAISING 507892 Russia and the Newly Independent States Program Services EDUCATION 55644 Europe (Including Iceland and Greenland) 1 Program Services EDUCATION 169312 North America Program Services RESEARCH 41671 East Asia and the Pacific 1 Program Services RESEARCH 20076 2 8 2 8 220962034 220962034 Middle East and North Africa EDUCATION 2578319 WIRE North America EDUCATION 476628 WIRE 2 0 true false true true true false SCHEDULE F, PART I, LINE 2 YESHIVA UNIVERSITY MONITORS THE USE OF GRANT FUNDS OUTSIDE OF THE UNITED STATES BY A GRANTEE THROUGH REVIEW OF THE GRANTEE'S AUDITED FINANCIAL STATEMENTS, PERSONAL SITE VISITS AND DISCUSSIONS WITH THE GRANTEE'S SENIOR MANAGEMENT. YESHIVA UNIVERSITY'S ACTIVITIES CONDUCTED OUTSIDE OF THE UNITED STATES: 1. UNDERGRADUATE AND GRADUATE SHORT AND LONG TERM STUDY ABROAD PROGRAMS AND INTERNATIONAL INTERNSHIPS, INCLUDING STUDENT EXCHANGE, PARTICIPATION IN STUDENT COMPETITIONS, SEMESTER ABROAD, INDEPENDENT STUDY, AND SUMMER STUDY PROGRAMS IN EUROPE, THE MIDDLE EAST, ASIA, THE PACIFIC AND CENTRAL AMERICA. THE BENJAMIN CARDOZO SCHOOL OF LAW OFFERS EXCHANGE PROGRAMS IN THE NETHERLANDS, GERMANY, HUNGARY, HONG KONG, SPAIN, CHINA, ISRAEL, FRANCE, ITALY, AUSTRALIA, AND ENGLAND; AND A COMBINED JD/LLM INTERNATIONAL DUAL DEGREE PROGRAM AT A LAW SCHOOL IN FRANCE. CARDOZO STUDENTS ALSO ATTENDED MOOT COURT AND MEDIATION COMPETITIONS IN THE U.K., CANADA, HONG KONG, AND AUSTRIA; AND PARTICIPATED IN SHORT-TERM WINTER BREAK PROGRAMS ON ASYLUM ACCESS IN ECUADOR AND THE STUDY OF INTERNATIONAL NORMS AND NATIONAL IMPERATIVES IN CAMBODIA. THE WURZWEILER SCHOOL OF SOCIAL WORK BLOCK PROGRAM COMBINES THREE SUMMERS OF FORMAL CLASSROOM EDUCATION IN NEW YORK WITH TWO YEARS OF SUPERVISED FIELD EXPERIENCE IN ISRAEL. 2. PROVISION OF MEDICAL CARE, RESEARCH AND EDUCATION IN DEVELOPING COUNTRIES THROUGHOUT THE WORLD, PRIMARILY IN AFRICA, INDIA, SOUTH AMERICA AND SOUTHEAST ASIA. 3. ASSISTANCE TO STUDENT PARTICIPANTS IN THE S. DANIEL ABRAHAM ISRAEL PROGRAM, INCLUDING GUIDANCE, STRUCTURE AND SUPPORT. IN ADDITION, THE PROGRAM SPONSORS LECTURES AND ACTIVITIES WHERE THE STUDENTS CAN GATHER UNDER THE AUSPICES OF YESHIVA UNIVERSITY AND A GUIDANCE CENTER TO PROVIDE SUPPORT TO HELP EASE THE OCCASIONALLY CHALLENGING ADJUSTMENT TO A YEAR'S STUDY IN ISRAEL. 4. FUNDRAISING AND STUDENT RECRUITMENT. 5. ISRAEL MISSIONS - STUDENTS EXPERIENCE THE SOCIAL, CULTURAL, POLITICAL, AND SPIRITUAL MANIFESTATIONS OF ISRAELI SOCIETY. 6. HUMANITARIAN, TORAH AND LEARNING MISSIONS - STUDENTS TRAVEL TO INTERNATIONAL COUNTRIES, INCLUDING ISRAEL, HAITI, EL SALVADOR, NICARAGUA, MEXICO, AND UKRAINE, LEARNING THE HISTORY, CULTURE, FOLKLORE AND TRADITIONS OF A COMMUNITY WHILE CONDUCTING AN ASSIGNED WORK PROJECT TO BENEFIT THAT COMMUNITY. STUDENTS ALSO TRAVELED TO ISRAEL TO PARTICIPATE IN EXPERIENTIAL EDUCATION PROGRAMS EXPLORING THE JEWISH SOCIAL JUSTICE SYSTEM. 7. YU'S HONORS PROGRAM TRAVELLED TO ROME AND POMPEII TO STUDY THE JEWS OF ROME FROM THE TIME OF THE SECOND TEMPLE TO THE END OF THE TALMUDIC PERIOD AND TO STUDY THE HISTORY AND PRACTICE OF CLASSICISM. 8. ATTENDANCE BY YESHIVA UNIVERSITY FACULTY AT INTERNATIONAL EDUCATIONAL CONFERENCES. 9. SUBCONTRACTED RESEARCH SERVICES PROVIDED BY INTERNATIONAL MEDICAL COLLEGES, HOSPITALS AND RESEARCH ORGANIZATIONS. SCHEDULE F, PART I, LINE 3 INVESTMENTS IN FOREIGN REGIONS - THE 2012 FORM 990 REQUIRES ORGANIZATIONS TO INCLUDE IN COLUMN (F) THE BOOK VALUE OF ITS PASSIVE INVESTMENTS IN FOREIGN REGIONS AS OF THE END OF THE YEAR. ACCORDINGLY, YESHIVA UNIVERSITY HAS INCLUDED THESE AMOUNTS IN THE REGIONS WHERE THE INVESTMENT VEHICLES ARE DOMICILED. YESHIVA UNIVERSITY RECENTLY INSTALLED A NEW GENERAL LEDGER AND FINANCE SYSTEM. THE NEW SYSTEM'S FUNCTIONALITY FOR TRACKING EXPENSES BY COUNTRY/REGION IS EXPECTED TO BE PHASED IN IN THE NEAR FUTURE. ACCORDINGLY, YESHIVA'S SYSTEMS CURRENTLY DO NOT TRACK AMOUNTS BY COUNTRY AND DO NOT PROVIDE A BASIS FOR ESTIMATING SUCH AMOUNTS. HOWEVER, THE UNIVERSITY HAS, TO THE EXTENT POSSIBLE, ALLOCATED CERTAIN FOREIGN ACTIVITY EXPENSES TO THE APPROPRIATE REGION IN COLUMN (F). THE REMAINING FOREIGN ACTIVITY EXPENSES THAT COULD NOT BE PROPERLY ALLOCATED BY REGION HAVE BEEN INCLUDED IN COLUMN (F) FOR THE MIDDLE EAST AND NORTH AFRICA. SIMILARLY, THE UNIVERSITY'S SYSTEM DOES NOT TRACK THE NUMBER OF EMPLOYEES, AGENTS OR CONTRACTORS BY COUNTRY. THEREFORE, THE UNIVERSITY HAS LISTED A "1" IN COLUMN C FOR EACH REGION IN WHICH IT KNOWS IT HAS AT LEAST ONE EMPLOYEE, AGENT OR CONTRACTOR. THE UNIVERSITY HAS PROVIDED DETAILED NARRATIVE DESCRIPTIONS OF ITS FOREIGN ACTIVITIES ABOVE. X X X X X X X true FIREFLY PARTNERS CONSULTANT false 69548 Advance NYC Inc CONSULTANT false 48552 BELLE FABER CONSULTANT false 10000 JEANNE SIGLER AND ASSOC CONSULTANT false 7666 135766 CA FL NY YU DINNER 3350273 3266873 83400 0 1621 51991 336727 9788 31204 GOLF & TENNIS 617200 521410 95790 0 18892 60800 31500 0 22378 5 1833394 1598048 235346 0 4549 281569 675 46035 92018 5800867 5386331 414536 0 25062 394360 368902 55823 145600 989747 -575211 true MONTEFIORE MEDICAL CENTER 111 EAST 210TH STREET BRONX NY 10467 131740114 501(c)(3) 50000 PATIENT HEALTH JACOBI MEDICAL CENTER AUXILIARY 1400 PELHAM PARKWAY SOUTH BRONX NY 10461 131849594 501(C)(3) 10000 HEALTH NEW YORK STEM CELL FOUNDATION 178 COLUMBUS AVE NEW YORK NY 10023 202905531 501(C)(3) 25000 HEALTH INNOCENCE PROJECT 40 WORTH STREET NEW YORK NY 10013 320077563 501(C)(3) 420000 PUBLIC POLICY HANNA SACKS BAIS YAAKOV 3021 W Devon Avenue CHICAGO IL 60659 363827550 501(C)(3) 20000 EDUCATION NATIONAL DAY LABORER ORGANIZING NETWORK 675 South Park View LOS ANGELES CA 90057 208802586 501(C)(3) 50000 EDUCATION NEW YORK STRUCTURAL BIOLOGY CENTER 89 Convent Avenue NEW YORK NY 10027 134043587 501(C)(3) 422734 HEALTH ALBERT EINSTEIN SYNAGOGUE 1925 Eastchester Rd Apt 1B BRONX NY 10461 133346716 501(C)(3) 40000 EDUCATION 8 0 SCHOLARSHIPS & FELLOWSHIPS 4391 99327028 SCHEDULE I, PART I, LINE 2 YESHIVA UNIVERSITY CONDUCTS SITE VISITS AND FOLLOW-UP DISCUSSIONS WITH THE MANAGEMENT OF GRANTEES TO ASSURE THAT GRANT FUNDS ARE USED FOR THE INTENDED TAX-EXEMPT PURPOSES. THE ACTIVITIES OF FELLOWSHIP RECIPIENTS ARE MONITORED TO ENSURE COMPLIANCE WITH THE INTENTIONS AND GUIDELINES OF THE FELLOWSHIP GRANT. SCHEDULE I, PART III THE $99,327,028 IN GRANTS AND ASSISTANCE REPRESENT STUDENT FINANCIAL AID, SCHOLARSHIPS AND FELLOWSHIPS, INCLUDING EMERGENCY STUDENT ASSISTANCE GRANTS. FINANCIAL AID IS AWARDED BASED UPON FINANCIAL NEED AND ACADEMIC ACHIEVEMENT. NEED BASED AID IS AWARDED BASED ON ELIGIBILITY DETERMINED BY THE US DEPARTMENT OF EDUCATION'S FREE APPLICATION FOR FEDERAL AID (FAFSA). ACADEMIC BASED AID IS AWARDED BY THE DISTINGUISHED SCHOLARS COMMITTEE. BOTH FACULTY AND ENROLLMENT SERVICES ADMINISTRATORS COMPRISE THE COMMITTEE. X X X X true true X X X X X X true true false false false false false false false DR NORMAN LAMM FORMER CHANCELLOR - JUNE 2013 119012 0 0 0 2781 0 2500 0 235541 0 359834 0 0 0 RICHARD JOEL PRESIDENT/TRUSTEE 738180 0 0 0 1638829 0 255100 0 126785 0 2758894 0 1383333 0 DR MORTON LOWENGRUB PROVOST/SR VP-THROUGH JUNE2014 410610 0 0 0 18146 0 5100 0 24282 0 458138 0 0 0 DR HERBERT DOBRINSKY VP UNIVERSITY AFFAIRS 282142 0 0 0 11819 0 5100 0 33910 0 332971 0 0 0 DANIEL FORMAN VP DEVELOPMENT-THROUGH MAY2014 589869 0 250000 0 9236 0 5100 0 17859 0 872064 0 0 0 ALLEN SPIEGEL VP MEDICAL AFFAIRS/DEAN 787681 0 0 0 481129 0 17500 0 1460 0 1287770 0 0 0 TOBY WINER CFO - BEGAN OCTOBER 2013 67500 0 0 0 90165 0 0 0 120 0 157785 0 0 0 ANDREW J LAUER VP/SECRETARY/GENERAL COUNSEL 434464 0 0 0 12837 0 5100 0 45873 0 498274 0 0 0 J MICHAEL GOWER VP - CFO THROUGH OCTOBER 2013 319021 0 0 0 23458 0 5100 0 13905 0 361484 0 0 0 AHRON HERRING CHIEF INVESTMENT OFFICER 394419 0 150000 0 2812 0 5100 0 10211 0 562542 0 0 0 JOSH JOSEPH SENIOR VP 262615 0 0 0 3937 0 5100 0 73062 0 344714 0 0 0 EDWARD BURNS EXECUTIVE DEAN-EINSTEIN 580926 0 0 0 43396 0 17500 0 15195 0 657017 0 0 0 VICTOR SCHUSTER PROFESSOR/CHAIRMAN-EINSTEIN 708188 0 0 0 54979 0 17500 0 1239 0 781906 0 0 0 IRWIN MERKATZ PROFESSOR/CHAIRMAN-EINSTEIN 594560 0 0 0 48355 0 17500 0 14309 0 674724 0 0 0 DAVID SHAFRITZ PROFESSOR EMERITUS-EINSTEIN 240618 0 0 0 359842 0 17500 0 15724 0 633684 0 0 0 MARK MEHLER PROFESSOR/CHAIRMAN-EINSTEIN 576428 0 0 0 42426 0 17500 0 13993 0 650347 0 0 0 SCHEDULE J, PART 1, LINE 1A IN ACCORDANCE WITH THE TERMS OF THE PRESIDENT'S CONTRACT AND IN ORDER TO PROPERLY DISCHARGE HIS REQUIRED DUTIES, THE PRESIDENT IS PROVIDED WITH USE OF A HOME AS A CONDITION OF HIS EMPLOYMENT, WHICH IS OWNED BY THE UNIVERSITY AND FURNISHED AND MAINTAINED AT THE UNIVERSITY'S EXPENSE. THE UNIVERSITY BELIEVES IT IS PRUDENT AND NECESSARY TO PROVIDE A MEASURE OF SECURITY TO THE PRESIDENT, THE DEAN OF THE ALBERT EINSTEIN COLLEGE OF MEDICINE AND UNIVERSITY RELATED INDIVIDUALS WHO TRAVEL WITH THEM. ACCORDINGLY, THE UNIVERSITY PROVIDES THE PRESIDENT AND THE DEAN OF THE ALBERT EINSTEIN COLLEGE OF MEDICINE WITH A SECURITY GUARD DRIVER WHEN TRAVELLING ON UNIVERSITY BUSINESS. THE UNIVERSITY REIMBURSES COMPANION TRAVEL FOR THE PRESIDENT WHEN THE COMPANION IS EXPECTED TO ATTEND AND ACTIVELY PARTICIPATE IN FUNCTIONS RELATED TO THE UNIVERSITY'S MISSION AND IS FOR A BONA FIDE BUSINESS PURPOSE. SCHEDULE J, PART I, LINE 4 LINE 4B - IN FY 2014, THE UNIVERSITY PROVIDED A SUPPLEMENTAL PENSION BENEFIT TO ALL EINSTEIN CAMPUS PAID OFFICERS, KEY EMPLOYEES, AND HIGHEST PAID EMPLOYEES LISTED IN PART VII AND SCHEDULE J. THE ANNUAL CONTRIBUTION BY THE UNIVERSITY IS TREATED AS TAXABLE COMPENSATION INCOME TO THE RECIPIENT AND IS INCLUDED IN SCHEDULE J, PART II COLUMN B(III). IN FY 2012, THE UNIVERSITY SUSPENDED THIS BENEFIT FOR ALL MANHATTAN CAMPUS BASED OFFICERS AND KEY EMPLOYEES. THE UNIVERSITY ALSO TEMPORARILY REDUCED ITS MATCH CONTRIBUTION TO THE UNIVERSITY'S SECTION 403(B) RETIREMENT PLAN FOR ALL MANHATTAN CAMPUS BASED EMPLOYEES. IN FY 2014, THE UNIVERSITY HAD A NONQUALIFIED DEFERRED COMPENSATION ARRANGEMENT WITH RICHARD JOEL, UNIVERSITY PRESIDENT, WHICH IS SUBJECT TO A RISK OF FORFEITURE IF CERTAIN CONDITIONS ARE NOT SATISFIED. THE ANNUAL ACCRUAL OF THIS BENEFIT IS REPORTED AS DEFERRED COMPENSATION IN SCHEDULE J, PART II, COLUMN C. PRESIDENT JOEL'S 6 YEAR DEFERRED COMPENSATION ARRANGEMENT, WHICH WAS ENTERED INTO IN 2007, CONCLUDED ON JUNE 30, 2013. ALTHOUGH THE DEFERRED COMPENSATION VESTED AND BECAME PAYABLE DURING 2013, THE PRESIDENT VOLUNTARILY REQUESTED THAT THE NET AFTER-TAX PAYOUT TO HIM NOT BE MADE AT THAT TIME AND AGREED THAT THE BALANCE DUE WOULD NOT EARN ANY ADDITIONAL INTEREST OR EARNINGS. IN ACCORDANCE WITH IRS RULES, THE VESTED BALANCE OF $1,555,849 WAS TREATED AS TAXABLE COMPENSATION EVEN THOUGH IT WAS NOT ACTUALLY PAID AND WAS REPORTED ON THE PRESIDENT'S 2013 FORM W-2. THAT AMOUNT IS ALSO INCLUDED IN THIS YEARS FORM 990 AND REPORTED AS OTHER REPORTABLE COMPENSATION IN SCHEDULE J, PART II, COLUMN B(III). SCHEDULE J, PART II, COLUMN F - "COMPENSATION REPORTED AS DEFERRED IN PRIOR FORM 990" REFLECTS THE CUMULATIVE ANNUAL ACCRUALS OF THE PRESIDENT'S 2007-2013 DEFERRED COMPENSATION THAT WAS REPORTED IN PRIOR YEARS FORMS 990. THE DIFFERENCE BETWEEN THE CUMULATIVE REPORTED ACCRUALS OF $1,383,333 AND THE ACTUAL VESTED BALANCE OF $1,555,849 REFLECTS THE INVESTMENT EARNINGS OVER THE 6 YEAR PERIOD. A NEW DEFERRED COMPENSATION ARRANGEMENT, UNDER SIMILAR TERMS, WAS ESTABLISHED WITH PRESIDENT JOEL AS PART OF HIS NEW CONTRACT THAT WAS ENTERED INTO IN 2012. THE NET AFTER-TAX PAYOUT FROM THE 2007 DEFERRED COMPENSATION ARRANGEMENT WAS PAID TO THE PRESIDENT IN NOVEMBER OF 2014. DURING FISCAL YEAR 2014, THE PRESIDENT REQUESTED THE UNIVERSITY REDUCE HIS SALARY BY $100,000. THIS SALARY REDUCTION WAS MADE EFFECTIVE JANUARY 1,2014 AND WILL BE REFLECTED IN NEXT YEAR'S FORM 990. LINE 4A - DR. DAVID SHAFRITZ, A TENURED FACULTY MEMBER, RECEIVED A CONTRACTUAL PAYMENT IN CONNECTION WITH HIS RETIREMENT AFTER APPROXIMATELY 42 YEARS WITH THE UNIVERSITY. DETAILS OF COMPENSATION & BENEFITS REPORTED ON SCHEDULE J, PART II: THE REPORTED COMPENSATION AND BENEFITS IN THIS RETURN FOR AHRON HERRING, UNIVERSITY CHIEF INVESTMENT OFFICER, REFLECT A FULL 2013 CALENDAR YEAR AS OPPOSED TO A PARTIAL 2012 CALENDAR YEAR IN THE PRIOR YEAR FORM 990 AND INCLUDE A CONTRACTUALLY FIXED BONUS PAYMENT IN COLUMN B(II). THE REPORTED COMPENSATION AND BENEFITS IN THIS RETURN FOR J. MICHAEL GOWER AND TOBY WINER, FORMER UNIVERSITY CHIEF FINANCIAL OFFICERS, REFLECT PARTIAL 2013 CALENDAR YEARS DUE TO THE DEPARTURE OF MR. GOWER IN SEPTEMBER OF 2013 AND THE HIRING OF MS. WINER IN OCTOBER OF 2013. MR. GOWER'S COLUMN B(III) INCLUDES A CONTRACTUAL PAYMENT MADE IN CONNECTION WITH HIS DEPARTURE. MS. WINER'S COLUMN B(III) INCLUDES CONTRACTUAL PAYMENTS MADE TO OFFSET CERTAIN AMOUNTS DUE FROM HER PREVIOUS EMPLOYER THAT SHE DID NOT RECEIVE AS A RESULT OF HER ACCEPTING THE POSITION AT YESHIVA. ALTHOUGH RABBI DR. LAMM RETIRED FROM THE UNIVERSITY PRIOR TO THE START OF THIS FORM 990'S FISCAL YEAR, THE COMPENSATION AND BENEFITS REPORTED IN THIS RETURN INCLUDE AMOUNTS EARNED BY RABBI DR. LAMM DURING THE FIRST SIX MONTH OF THE 2013 CALENDAR YEAR. COLUMN B(III) INCLUDES TAXABLE LIFE INSURANCE. COLUMN C INCLUDES THE UNIVERSITY'S CONTRIBUTION TO A SECTION 403(B) RETIREMENT PLAN. COLUMN D INCLUDES THE FOLLOWING NON-TAXABLE BENEFITS; MEDICAL, PARSONAGE HOUSING, AND THE USE OF A UNIVERSITY PROVIDED CELLULAR PHONE. PRESIDENT RICHARD JOEL - COLUMN B(III) INCLUDES TAXABLE TUITION, LIFE INSURANCE BENEFITS AND THE TAXABLE VESTING OF HIS 2007 DEFERRED COMPENSATION ARRANGEMENT - SEE DETAILED DISCUSSION ABOVE. COLUMN C INCLUDES THE UNIVERSITY'S CONTRIBUTIONS TO A SECTION 403(B) RETIREMENT PLAN AND THE ACCRUAL OF A SECTION 457(F) DEFERRED COMPENSATION PLAN. COLUMN D INCLUDES THE FOLLOWING NON-TAXABLE BENEFITS; MEDICAL, TUITION, HOUSING PROVIDED AS A CONDITION OF EMPLOYMENT AND THE USE OF A UNIVERSITY PROVIDED CELLULAR PHONE. DEAN ALLEN SPIEGEL - COLUMN B(III) INCLUDES THE FOLLOWING TAXABLE BENEFITS; UNIVERSITY CONTRIBUTIONS TO THE SUPPLEMENTAL PENSION PLAN, A HOUSING ALLOWANCE, AND LIFE INSURANCE. COLUMN C INCLUDES THE UNIVERSITY'S CONTRIBUTION TO A SECTION 403(B) RETIREMENT PLAN. COLUMN D INCLUDES THE FOLLOWING NON-TAXABLE BENEFITS; MEDICAL AND THE USE OF A UNIVERSITY PROVIDED CELLULAR PHONE. DANIEL FORMAN - COLUMN B(II) INCLUDES A CONTRACTUAL BONUS PAYMENT IN THE SAME AMOUNT OF HIS PREVIOUS ONE YEAR ANNUAL DEFERRED COMPENSATION THAT WAS EARNED IN CONNECTION WITH MR. FORMAN'S AGREEMENT TO EXTEND HIS EMPLOYMENT FOR ONE ADDITIONAL YEAR. COLUMN B(III) INCLUDES TAXABLE TRANSPORTATION AND LIFE INSURANCE BENEFITS. COLUMN C INCLUDES THE UNIVERSITY'S CONTRIBUTIONS TO A SECTION 403(B) RETIREMENT PLAN. COLUMN D INCLUDES THE FOLLOWING NON-TAXABLE BENEFITS; MEDICAL AND THE USE OF A UNIVERSITY PROVIDED CELLULAR PHONE. JOSH JOSEPH - COLUMN B(III) INCLUDES TAXABLE TRANSPORTATION AND LIFE INSURANCE. COLUMN C INCLUDES THE UNIVERSITY'S CONTRIBUTION TO A SECTION 403(B) RETIREMENT PLAN. COLUMN D INCLUDES THE FOLLOWING NON-TAXABLE BENEFITS; MEDICAL, PARSONAGE, TUITION AND THE USE OF A UNIVERSITY PROVIDED CELLULAR PHONE. FOR THE REMAINING CURRENT AND FORMER OFFICERS, KEY EMPLOYEES, AND HIGHEST PAID EMPLOYEES LISTED IN PART VII/SCHEDULE J - COLUMN B(III) GENERALLY INCLUDES THE FOLLOWING TAXABLE BENEFITS; UNIVERSITY CONTRIBUTIONS TO THE SUPPLEMENTAL PENSION PLAN (EINSTEIN BASED EMPLOYEES ONLY), TUITION, TRANSPORTATION AND LIFE INSURANCE. COLUMN C INCLUDES THE UNIVERSITY'S CONTRIBUTION TO A SECTION 403(B) RETIREMENT PLAN. COLUMN D GENERALLY INCLUDES THE FOLLOWING NON-TAXABLE BENEFITS; MEDICAL, TUITION AND THE USE OF A UNIVERSITY PROVIDED CELLULAR PHONE. A DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 64983TUQ4 2004-07-01 102208109 CONSTRUCTION AND RENOVATIONS false true false B DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 649905PK6 2009-07-23 142206373 REFUNDING OF 1998 AND CAPITAL EXPE false true false C DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 649906KS2 2011-09-28 93390365 REFUNDING 2001 AND CAPITAL EXPENDI false true false A 0 0 102208109 0 0 0 706200 711021 0 100790888 0 0 2006 false false true true B 0 0 142206373 0 0 16773696 1495130 0 0 123937547 0 0 2010 true false true true C 0 0 93390365 45027516 0 0 1568988 0 0 46793859 0 0 2014 true false false true A false false false true true 0 false false false true B false false false true true 0 false false false true C false false false true true 0 false false false true A false true false false 0 false 0 false true B false true false false 0 false 0 false true C false true false false 0 false 0 false true A true B true C true SCHEDULE K PART III - PRIVATE BUSINESS USE THE UNIVERSITY HISTORICALLY DOES NOT INCUR ANY PRIVATE BUSINESS USE IN ITS BOND-FINANCED PROPERTIES BECAUSE THE UNIVERSITY'S POLICY IS TO USE ITS OWN EQUITY TO FUND ANY POTENTIAL PRIVATE USE AND CONTINUES TO MONITOR THE USE OF ITS BOND-FINANCED PROPERTY TO AVOID FUTURE PRIVATE USE. ABLECO STYX SMC - SEE PT V EZRA MERKIN, FMR TRUSTEE 149094 INVESTMENT MANAGEMENT SERVICES false OMNI HOTELS - SEE PT V IRA MITZNER, TRUSTEE 208855 UNIVERSITY CONFERENCE RENTAL false 205-215 LEX AVE ASSOC LLC - SEE PT D. ESHAGHIAN, FMR TRUSTEE 932067 OFFICE RENTAL false PENINA JOEL CHILD OF PRESIDENT 10200 CONSULTING FEE false SCHEDULE L, PART IV 1. COMPANIES CURRENTLY OR FORMERLY AFFILIATED WITH J. EZRA MERKIN, A FORMER TRUSTEE OF YESHIVA UNIVERSITY, RECEIVED INVESTMENT MANAGEMENT FEES IN THE AMOUNT OF $194,094 DURING FY 14 IN CONNECTION WITH CERTAIN UNIVERSITY INVESTMENTS. THE UNIVERSITY IS NOT AWARE OF MR. MERKIN'S CURRENT RELATIONSHIP WITH THESE COMPANIES. WHERE ALLOWED, THE UNIVERSITY PREVIOUSLY REQUESTED REDEMPTION OF THESE INVESTMENTS. THERE WAS NO SHARING OF ORGANIZATION REVENUES. 2. DURING FY 14, YESHIVA UNIVERSITY CONTRACTED WITH A HOTEL CONFERENCE CENTER PARTIALLY OWNED BY IRA MITZNER, A TRUSTEE OF YESHIVA UNIVERSITY, FOR A MULTI-DAY UNIVERSITY-RUN CONFERENCE. THE FEE PAID TO THE HOTEL WAS $208,855. THERE WAS NO SHARING OF ORGANIZATION REVENUES. 3. DURING FY 14, YESHIVA UNIVERSITY PAID $932,067 IN RENTAL AND OTHER LEASE RELATED PAYMENTS PURSUANT TO MULTI-YEAR LEASE COMMITMENTS TO A COMPANY OWNED BY DAVID ESHAGHIAN, A FORMER TRUSTEE OF YESHIVA UNIVERSITY, FOR OFFICE SPACE FOR RELATED UNIVERSITY EDUCATIONAL USES. THE UNIVERSITY RECEIVED AN OPINION FROM AN INDEPENDENT REAL ESTATE MANAGEMENT FIRM THAT THE RENTAL FEE WAS AT A MARKET RATE. THERE WAS NO SHARING OF ORGANIZATION REVENUES. 4. DURING FY14, PRESIDENT JOEL'S DAUGHTER, PENINA JOEL, WAS PAID CONSULTING FEES OF $10,200. MS. JOEL WAS SELECTED AFTER A COMPETITIVE INTERVIEW PROCESS AMONG A NUMBER OF CANDIDATES DUE TO HER SPECIALIZED KNOWLEDGE AND EXPERIENCE IN THE RELEVANT FIELD. THERE WAS NO SHARING OF ORGANIZATION REVENUES. X 5 X 7 X X 36 887336 FMV false true true SCHEDULE M, PART I, LINE 32B PART I, LINE 9 - THE UNIVERSITY USES UNRELATED THIRD PARTIES TO SELL CONTRIBUTED PROPERTY AS SOON AS POSSIBLE AFTER THE RECEIPT OF THE CONTRIBUTION. SCHEDULE M, PART I, COLUMN B COLIMN B REFLECTS THE NUMBER OF CONTRIBUTORS AND NOT THE NUMBER OF ITEMS CONTRIBUTED. CORE FORM 990, PART I, LINE 6 IN ADDITION TO THE BOARD MEMBERS WHO SERVE WITHOUT COMPENSATION, THE UNIVERSITY UTILIZES MANY VOLUNTEERS IN THE CONDUCT OF ITS ACTIVITIES. HOWEVER, IT DOES NOT TRACK THE NUMBER OF THESE ADDITIONAL VOLUNTEERS. CORE FORM 990, PART III, LINE 1 AT YESHIVA UNIVERSITY, OUR MISSION, TORAH UMADDA, IS TO BRING WISDOM TO LIFE THROUGH ALL THAT WE TEACH, BY ALL THAT WE DO AND FOR ALL THOSE WE SERVE. OUR STUDENTS LEARN AND GO FORTH, AS BOTH EDUCATED AND ETHICAL PEOPLE, TO SHARE THEIR OWN SPECIAL TALENTS AND WISDOM WITH SOCIETY. OUR FACULTY'S RESEARCH, ACADEMIC WORK AND SCHOLARLY WRITINGS HELP BRING WISDOM TO MANY OF THE MOST PRESSING SOCIAL, POLITICAL, MEDICAL, LEGAL AND HUMAN RIGHTS ISSUES FACING THE WORLD TODAY. OUR UNIVERSITY SERVES AS A PLATFORM TO BRING YESHIVA'S COLLECTIVE WISDOM TO THE WORLD THROUGH OUR COMMUNITY OUTREACH, PUBLICATIONS, SEMINARS AND BROAD RANGE OF ACADEMIC PROGRAMS. FOR UNDERGRADUATE STUDENTS: WE BRING WISDOM TO LIFE BY COMBINING THE FINEST CONTEMPORARY ACADEMIC EDUCATION WITH THE TIMELESS TEACHINGS OF TORAH. IT IS YESHIVA'S UNIQUE DUAL CURRICULUM, WHICH TEACHES KNOWLEDGE ENLIGHTENED BY VALUES THAT HELPS OUR STUDENTS GAIN THE WISDOM TO MAKE THEIR LIVES BOTH A SECULAR AND SPIRITUAL SUCCESS. FOR GRADUATE STUDENTS: YESHIVA BRINGS WISDOM TO LIFE BY NOT ONLY TEACHING THE KNOWLEDGE AND SKILLS TO BE HIGHLY ACCOMPLISHED SCHOLARS AND PROFESSIONALS, BUT BY TEACHING THE ETHICAL AND MORAL VALUES THAT WILL MAKE THEM TRULY ADMIRABLE PEOPLE. IT IS OUR DUAL EMPHASIS ON PROFESSIONAL EXCELLENCE AND PERSONAL ETHICS THAT GIVES OUR GRADUATE STUDENTS THE WISDOM TO SUCCEED IN BOTH THEIR PROFESSIONS AND THEIR LIVES. FOR FACULTY: YESHIVA HELPS OUR PROFESSORS BRING THEIR OWN WISDOM TO LIFE BY PROVIDING THE ENCOURAGEMENT, RESOURCES AND INTELLECTUAL FREEDOM TO PURSUE THEIR OWN ACADEMIC IDEALS. AND THEY, IN TURN, SHARE THEIR WISDOM WITH OUR STUDENTS, OUR SOCIETY AND THE WORLD AT LARGE. FOR ALUMNI AND SUPPORTERS: TO BRING WISDOM TO LIFE IS YESHIVA'S SERVICE TO HUMANITY AND A WORTHY MISSION SHARED IN SPIRIT AND PRACTICE BY ALL ASSOCIATED WITH THE UNIVERSITY. FOR THE JEWISH COMMUNITY: IN AMERICA, ISRAEL AND AROUND THE WORLD, OUR MISSION TO BRING WISDOM TO LIFE WILL FOSTER GREATER UNDERSTANDING AND APPRECIATION OF THE HERITAGE, TRADITIONS AND VALUES WE ALL HOLD SO DEAR. FOR SOCIETY AND THE WORLD: YESHIVA UNIVERSITY SERVES AS A WELLSPRING OF WISDOM. AT YESHIVA UNIVERSITY, TEACHING THE KNOWLEDGE AND VALUES THAT BRING WISDOM TO LIFE IS NOT ONLY OUR MISSION, IT IS OUR PROUD TRADITION. CORE FORM 990, PART III, LINE 4 FOUNDED IN THE LATE 19TH CENTURY, YESHIVA UNIVERSITY (YU) IS THE COUNTRY'S OLDEST AND MOST COMPREHENSIVE INSTITUTION COMBINING JEWISH SCHOLARSHIP WITH ACADEMIC EXCELLENCE AND ACHIEVEMENT IN THE LIBERAL ARTS AND SCIENCES, MEDICINE, LAW, BUSINESS, SOCIAL WORK, PSYCHOLOGY, JEWISH STUDIES, EDUCATION AND RESEARCH. YU REFLECTS A CENTURIES-OLD COMMITMENT TO THE ADVANCEMENT OF HUMAN KNOWLEDGE AND ETHICS. YU BRINGS TOGETHER THE HERITAGE OF WESTERN CIVILIZATION AND THE ANCIENT TRADITIONS OF JEWISH LAW AND LIFE. SINCE ITS INCEPTION, YU HAS BEEN DEDICATED TO MELDING THE ANCIENT TRADITIONS OF JEWISH LAW AND LIFE WITH THE HERITAGE OF WESTERN CIVILIZATION, AND EACH YEAR WE CELEBRATE AS FUTURE LEADERS MAKE YU THEIR HOME. MORE THAN 6,800 UNDERGRADUATE AND GRADUATE STUDENTS STUDY AT YU'S FOUR NEW YORK CITY CAMPUSES: THE WILF CAMPUS; ISRAEL HENRY BEREN CAMPUS; BROOKDALE CENTER; THE JACK AND PEARL RESNICK CAMPUS; AND IN ISRAEL. YU CURRENTLY ENROLLS APPROXIMATELY 2,800 UNDERGRADUATES AT YESHIVA COLLEGE, STERN COLLEGE FOR WOMEN, THE SY SYMS SCHOOL OF BUSINESS, AND IN THE S. DANIEL ABRAHAM PROGRAM IN ISRAEL OUR UNDERGRADUATE SCHOOLS COMBINE RIGOROUS ACADEMICS, UNSURPASSED JEWISH STUDIES AND A NURTURING JEWISH ENVIRONMENT. STUDENTS CHOOSE FROM VARIED COURSES IN THE LIBERAL ARTS, SCIENCES AND BUSINESS, TOGETHER WITH COMPREHENSIVE JEWISH STUDIES, INCLUDING THE YESHIVA HONORS PROGRAM THAT IS PART OF THE MAZER YESHIVA PROGRAM. THE JAY AND JEANIE SCHOTTENSTEIN HONORS PROGRAM AT YESHIVA COLLEGE, THE S. DANIEL ABRAHAM HONORS PROGRAM AT STERN COLLEGE, AND THE BUSINESS HONORS AND ENTREPRENEURIAL LEADERSHIP PROGRAM AT THE SY SYMS SCHOOL OF BUSINESS STRESS THE INTELLECTUAL DEVELOPMENT AND CULTURAL ENRICHMENT OF OUTSTANDING STUDENTS. MANY OPPORTUNITIES EXIST FOR INTERNSHIPS AND RESEARCH. JOINT AND COMBINED PROGRAMS OFFER ADVANCED DEGREES AT ONE OF YU'S GRADUATE SCHOOLS OR OTHER TOP INSTITUTIONS. THEY INCLUDE ENGINEERING (WITH COLUMBIA UNIVERSITY AND SUNY STONY BROOK), OCCUPATIONAL THERAPY (WITH COLUMBIA UNIVERSITY), JEWISH EDUCATION (WITH AZRIELI GRADUATE SCHOOL OF JEWISH EDUCATION AND ADMINISTRATION), JEWISH STUDIES (WITH BERNARD REVEL GRADUATE SCHOOL OF JEWISH EDUCATION), OPTOMETRY (WITH STATE UNIVERSITY OF NEW YORK COLLEGE OF OPTOMETRY), PHYSICAL THERAPY (WITH NEW YORK MEDICAL COLLEGE'S GRADUATE SCHOOL OF HEALTH SCIENCES AND RUTGERS), PODIATRY (WITH NEW YORK COLLEGE OF PODIATRIC MEDICINE), NURSING (WITH NEW YORK UNIVERSITY), PHYSICIAN ASSISTANT STUDIES (WITH MERCY COLLEGE), AND TEACHING MATH AND SCIENCE WITH NYU STEINHARDT). ALL YU UNDERGRADUATES PURSUE A DUAL PROGRAM OF TORAH STUDIES AND COLLEGE ACADEMIC STUDIES THROUGHOUT THEIR UNDERGRADUATE YEARS. AN ENCOMPASSING COUNSELING AND GUIDANCE PROGRAM CONCERNED WITH INDIVIDUAL STUDENT GROWTH AND DEVELOPMENT IS A SIGNIFICANT PART OF THE JEWISH STUDIES PROGRAM. THE UNDERGRADUATE MEN SELECT FROM THESE DISTINCT JEWISH STUDIES OPTIONS; YESHIVA PROGRAM/MAZER SCHOOL OF TALMUDIC STUDIES, THE ISAAC BREUER COLLEGE OF HEBRAIC STUDIES, THE IRVING STONE BET MEDRASH PROGRAM AND THE JAMES STRIAR SCHOOL OF GENERAL JEWISH STUDIES. THE UNDERGRADUATE WOMEN LEARN AT THE REBECCA IVRY DEPARTMENT OF JEWISH STUDIES. ON THE WILF AND BEREN CAMPUSES, STUDENTS INTERACT WITH A TALENTED AND DIVERSE FACULTY. ABOUT 95 PERCENT OF FULL-TIME UNDERGRADUATE FACULTY HOLD DOCTORATES OR THE HIGHEST DEGREE WITHIN THEIR FIELDS. SMALL CLASSES ENCOURAGE INTELLECTUAL INTIMACY AND CREATIVITY. BUTTRESSING A STRONG FACULTY ARE THE DISTINGUISHED SCHOLARS, AUTHORS, ARTISTS, PUBLIC OFFICIALS AND BUSINESS LEADERS WHO INTERACT WITH STUDENTS IN A VARIETY OF VENUES. FOR MANY STUDENTS, THE S. DANIEL ABRAHAM ISRAEL PROGRAM IS AN UNFORGETTABLE AND LIFE CHANGING UNDERGRADUATE EXPERIENCE. EACH YEAR, NEARLY 700 INCOMING YU STUDENTS STUDY AT ONE OF 43 ISRAELI YESHIVOT AND SEMINARIES. IN ISRAEL, STUDENTS RECEIVE STRUCTURE, GUIDANCE AND SUPPORT FROM YESHIVA UNIVERSITY IN ISRAEL'S JERUSALEM CAMPUS. THE PROGRAM ENABLES STUDENTS TO INCORPORATE STUDY AT ISRAELI YESHIVOT OR SEMINARIES INTO THEIR COLLEGE YEARS, ENHANCING THEIR ACADEMIC EXPERIENCE. YU IS ALSO HOME TO ONE OF THE NATION'S TOP MEDICAL SCHOOLS, ONE OF THE FINEST LAW SCHOOLS ESTABLISHED IN THE PAST 30 YEARS, AND HIGHLY REGARDED GRADUATE SCHOOLS OF SOCIAL WORK, PSYCHOLOGY, JEWISH EDUCATION AND ADMINISTRATION, AND JEWISH STUDIES. INNOVATIONS ARE CONTINUALLY MADE TO CREATE INTERDISCIPLINARY AREAS AND PROVIDE STUDY OPPORTUNITIES IN EMERGING FIELDS, SUCH AS HEALTH PSYCHOLOGY, NUCLEAR MEDICINE, AND BIOMEDICAL ETHICS. THE UNEQUALED RESOURCES OF NEW YORK CITY ENABLE YU TO MAKE PIONEERING ADVANCES IN CONJUNCTION WITH LEADING EDUCATIONAL, CULTURAL, HEALTH AND SOCIAL SERVICE INSTITUTIONS. ITS GRADUATE SCHOOLS INCLUDE THE ALBERT EINSTEIN COLLEGE OF MEDICINE, BENJAMIN N. CARDOZO SCHOOL OF LAW, WURZWEILER SCHOOL OF SOCIAL WORK, FERKAUF GRADUATE SCHOOL OF PSYCHOLOGY, AZRIELI GRADUATE SCHOOL OF JEWISH EDUCATION AND ADMINISTRATION, BERNARD REVEL GRADUATE SCHOOL OF JEWISH STUDIES, SUE GOLDING GRADUATE DIVISION OF MEDICAL SCIENCES, THE SY SYMS SCHOOL OF BUSINESS, GRADUATE PROGRAMS IN ARTS AND SCIENCES AND THE MASTERS OF ARTS PROGRAM IN BIBLICAL AND TALMUDIC INTERPRETATION AT STERN COLLEGE FOR WOMEN. YESHIVA UNIVERSITY HAS MORE THAN 66,000 ALUMNI, MANY OF WHOM ARE LEADERS IN THE JEWISH COMMUNITY, THEIR PROFESSIONS, AND IN LOCAL COMMUNITIES IN THE U.S., ISRAEL AND AROUND THE WORLD. FOUNDED IN 1953 AS THE FIRST MEDICAL SCHOOL IN THE UNITED STATES UNDER JEWISH AUSPICES AND DESCRIBED BY ALBERT EINSTEIN AS "THE GREATEST CONTRIBUTION THE JEWISH COMMUNITY HAS UNDERTAKEN FOR THE COMMONWEALTH OF THE AMERICAN PEOPLE", THE ALBERT EINSTEIN COLLEGE OF MEDICINE IS A PREMIER, RESEARCH-INTENSIVE MEDICAL SCHOOL DEDICATED TO INNOVATIVE BIOMEDICAL INVESTIGATION AND TO THE DEVELOPMENT OF ETHICAL AND COMPASSIONATE PHYSICIANS AND SCIENTISTS. LOCATED IN A RESIDENTIAL COMMUNITY IN THE NORTHEAST BRONX, EINSTEIN IS THE AFFILIATED MEDICAL SCHOOL FOR SEVERAL OF THE LEADING HOSPITALS IN NEW YORK, INCLUDING MONTEFIORE MEDICAL CENTER. IT AWARDS THE DOCTOR OF MEDICINE DEGREE AS WELL AS THE PHD, COMBINED MD/PHD AND MS DEGREES. IT ALSO SPONSORS ONE OF THE LARGEST POSTGRADUATE CLINICAL TRAINING PROGRAMS IN THE UNITED STATES. DURING THE 2014-2015 ACADEMIC YEAR, EINSTEIN WAS HOME TO 742 MD STUDENTS, 212 PHD STUDENTS, 102 STUDENTS IN THE COMBINED MD/PHD PROGRAM AND 292 POST-DOCTORAL RESEARCH FELLOWS. MORE THAN 8,000 EINSTEIN ALUMNI ARE AMONG THE NATION'S FOREMOST CLINICIANS, BIOMEDICAL SCIENTISTS AND MEDICAL EDUCATORS. A FULL TIME FACULTY OF MORE THAN 2,000 TEACHES AND DELIVERS HEALTHCARE AND CONDUCTS STUDIES IN EVERY MAJOR MEDICAL SPECIALTY AND AREA OF BIOMEDICAL RESEARCH. DURING 2014, EINSTEIN FACULTY RECEIVED MORE THAN $158M IN FUNDING FROM THE NATIONAL INSTITUTES OF HEALTH (NIH). THE NIH ALSO FUNDS MAJOR RESEARCH CENTERS AT EINSTEIN IN AGING, INTELLECTUAL DEVELOPMENT DISORDERS, DIABETES, CANCER, CLINICAL AND TRANSLATIONAL RESEARCH, LIVER DISEASE AND AIDS. OTHER AREAS OF FOCUS INCLUDE DEVELOPMENTAL BRAIN RESEARCH, NEUROSCIENCE, CARDIAC DISEASE, AND INITIATIVES TO REDUCE AND ELIMINATE ETHNIC AND RACIAL HEALTH DISPARITIES. INTERDISCIPLINARY COLLABORATION AMONG DEPARTMENTS AND SPECIALISTS HAS PRODUCED IMPORTANT ADVANCES IN THE CLINICAL CARE AND SCIENTIFIC UNDERSTANDING OF CANCER; BRAIN DISORDERS; LIVER, HEART AND KIDNEY DISEASE; DIABETES; ALZHEIMER'S DISEASE AND AIDS, AMONG OTHERS. EINSTEIN'S MICHAEL F. PRICE CENTER FOR GENETIC AND TRANSLATIONAL MEDICINE/HAROLD AND MURIEL BLOCK RESEARCH PAVILION ARE STATE OF THE ART FACILITIES THAT BRING TOGETHER WORLD-CLASS SCIENTISTS AND THE MOST ADVANCED CUTTING EDGE TECHNOLOGY TO FACILITATE THE "TRANSLATION" OF DISCOVERIES AT THE MOLECULAR LEVEL TO THE ACTUAL TREATMENT, CURE AND PREVENTION OF DISEASE. EINSTEIN ALSO PROVIDES MANY COMMUNITY PROGRAMS, INCLUDING THE HISPANIC CENTER OF EXCELLENCE, THE EINSTEIN ENRICHMENT PROGRAM, THE MINORITY STUDENT SUMMER RESEARCH OPPORTUNITY PROGRAM, SUMMER UNDERGRADUATE RESEARCH AND MENTORSHIP PROGRAMS AND THE EINSTEIN COMMUNITY HEALTH OUTREACH FREE CLINIC, WHICH PROVIDES FREE COMPREHENSIVE HEALTHCARE TO MORE THAN 5,000 UNINSURED RESIDENTS OF THE BRONX AND SURROUNDING COMMUNITIES. EINSTEIN'S MISSION IS IMPROVING HUMAN HEALTH - LOCALLY, NATIONALLY, AND GLOBALLY. THROUGH EINSTEIN'S GLOBAL HEALTH CENTER, FACULTY MEMBERS AND MEDICAL STUDENTS TRAVEL TO UNDERDEVELOPED COUNTRIES WHERE THEY PROVIDE BADLY NEEDED MEDICAL CARE AND GAIN VALUABLE KNOWLEDGE FOR COMBATING DISEASE. EINSTEIN'S GLOBAL HEALTH CENTER BOASTS MANY INITIATIVES WORLDWIDE, INCLUDING CLINICAL AND RESEARCH PROGRAMS IN ARGENTINA, BRAZIL, BURUNDI, CAMEROON, CHINA, CONGO, ETHIOPIA, GUATEMALA, HAITI, INDIA, KENYA, MALAWI, MEXICO, NIGERIA, RWANDA, SOUTH AFRICA, UGANDA AND VIETNAM. THE GOAL AND OBJECTIVE OF THE GLOBAL HEALTH CENTER IS TO BRING EDUCATION, RESEARCH AND NEEDED HEALTH SERVICES TO THE WORLD, WITH THE ULTIMATE GOAL OF REDUCING DISPARITIES IN HEALTH AND ALLEVIATING HUMAN SUFFERING. YU'S BENJAMIN N. CARDOZO SCHOOL OF LAW AWARDS THE JURIS DOCTOR DEGRE PROGRAM SERVICES (CONT'D) THE AZRIELI GRADUATE SCHOOL OF JEWISH EDUCATION AND ADMINISTRATION IS THE PREMIER INTERNATIONAL CENTER FOR THE PREPARATION OF JEWISH EDUCATORS, EDUCATIONAL LEADERS AND ADMINISTRATORS. AZRIELI'S MISSION IS TO TRAIN A CADRE OF TORAH EDUCATORS WHO WILL RELAY THE RICH KNOWLEDGE AND TRADITIONS OF THE JEWISH HERITAGE WITH WARNMTH, JOY AND INTELLIGENCE. THE SCHOOL OFFERS THE MASTER OF SCIENCE DEGREE IN JEWISH EDUCATION. AZRIELI'S APPROACH TO EDUCATION IS AT ONCE ROOTED IN SACRED JEWISH TRADITIONS AND MODERN DISCIPLINES INFORMING OUR UNDERSTANDING OF HOW CHILDREN LEARN. STUDENTS BENEFIT FROM THE WISDOM AND GUIDANCE OF AN INTERNATIONALLY RECOGNIZED FACULTY, INNOVATIVE AND COMPREHENSIVE COURSEWORK, COLLABORATIVE STUDENT-FACULTY RESEARCH, INTENSIVE FIELD EXPERIENCE AND ACADEMIC AND PROFESSIONAL MENTORING. THROUGH ITS FANYA GOTTESFELD HELLER DIVISION OF DOCTORAL STUDIES, AZRIELI ALSO OFFERS THE EXECUTIVE DOCTORATE OF JEWISH EDUCATIONAL INNOVATION AND LEADERSHIP. AZRIELI ALUMNI SERVE AT THE HELM OF SCHOOLS, EDUCATIONAL AGENCIES, UNIVERSITIES AND COMMUNAL INSTITUTIONS ALL OVER THE WORLD. THE BERNARD REVEL GRADUATE SCHOOL OF JEWISH STUDIES, NAMED AFTER THE FIRST PRESIDENT OF YU, EDUCATES TEACHERS, RESEARCHERS AND SCHOLARS IN JEWISH STUDIES. IT OFFERS PROGRAMS LEADING TO THE MA AND PHD DEGREES WITH CONCENTRATIONS IN BIBLE, TALMUDIC STUDIES, ANCIENT JEWISH HISTORY, MEDIEVAL JEWISH HISTORY, MODERN JEWISH HISTORY, AND JEWISH PHILOSOPHY AND MYSTICISM. IT HAS A WORLD CLASS FACULTY OF EXPERTS IN THESE FIELDS AND A STUDENT BODY WHOSE ABILITY TO DEAL WITH CLASSICAL JEWISH TEXTS IS UNPARALLELED AMONG AMERICAN GRADUATE PROGRAMS. THE FERKAUF GRADUATE SCHOOL OF PSYCHOLOGY'S MISSION IS TO TRAIN HIGHLY QUALIFIED PROFESSIONAL PSYCHOLOGISTS AND RESEARCHERS IN THE FIELDS OF CLINICAL PSYCHOLOGY, SCHOOL-CLINICAL CHILD PSYCHOLOGY, CLINICAL HEALTH PSYCHOLOGY AND MENTAL HEALTH COUNSELING. COLLABORATIONS WITH SCHOOLS, CLINICS, MENTAL HEALTH INSTITUTIONS AND MEDICAL CENTERS ARE WELL ESTABLISHED. A JOINT PROGRAM WITH EINSTEIN OFFERS A MASTERS OF PUBLIC HEALTH OPTION FROM THE INSTITUTE OF PUBLIC HEALTH SCIENCES AND GRANTS AN MA IN MENTAL HEALTH COUNSELING, A PSYD IN CLINICAL AND SCHOOL-CLINICAL CHILD PSYCHOLOGY AND A PHD IN CLINICAL HEALTH PSYCHOLOGY. FERKAUF'S PROGRAMS INCLUDE THE ROSE F. KENNEDY CENTER FOR RESEARCH IN MENTAL RETARDATION AND DEVELOPMENTAL DISABILITIES, WHICH PROVIDES INTERDISCIPLINARY TRAINING, THE LEONARD AND MURIAL MARCUS FAMILY PROJECT FOR THE STUDY OF THE DISTURBED ADOLESCENT, WHICH SUPPORTS FELLOWSHIPS AND RESEARCH, THE MAX AND CELIA PARNES FAMILY PSYCHOLOGICAL AND PSYCHO-EDUCATIONAL SERVICES CLINIC, WHICH PROVIDES A WIDE RANGE OF ASSESSMENT AND THERAPEUTIC SERVICES FOR NEIGHBORING COMMUNITIES AND THE BEKER FAMILY PROJECT WHICH TRAINS SCHOOL PSYCHOLOGISTS TO WORK WITHIN HEBREW DAY SCHOOLS AND OTHER PRIVATE SCHOOLS TO DEVELOP STATE OF THE ART SCHOOL PSYCHOLOGICAL AND PSYCHOEDUCATIONAL SERVICES FOR CHILDREN, TEACHERS AND FAMILIES. THE WURZWEILER SCHOOL OF SOCIAL WORK GRANTS THE MSW DEGREE, THE PHD IN SOCIAL WELFARE AND CERTIFICATES IN JEWISH COMMUNAL SERVICE, CHILD WELFARE PRACTICE, SOCIAL WORK PRACTICE WITH THE MILITARY, JEWISH PHILANTHROPY AND GERONTOLOGY. IT OFFERS CONCENTRATIONS IN CLINICAL PRACTICE WITH INDIVIDUALS AND FAMILIES, SOCIAL GROUP WORK, AND COMMUNITY PRACTICE. WURZWEILER GRADUATES COMPRISE A NETWORK OF MORE THAN 7,000 LOCAL, NATIONAL AND INTERNATIONAL SERVICE PROVIDERS, LEADERS AND EDUCATORS. FIELDWORK IS AN INTEGRAL PART OF THE WURZWEILER EXPERIENCE. AFFILIATED AGENCIES ARE SELECTED FOR THEIR EXPERTISE, DIVERSITY, QUALITY OF SERVICE TO THE COMMUNITY AND OPPORTUNITIES FOR LEARNING. CUTTING EDGE TOPICS SUCH AS EVIDENCE-BASED PRACTICE, HEALTHY AGING, TRAUMA AND INTERPERSONAL VIOLENCE, WORKING WITH THE MILITARY, COPING WITH LOSS, CHILD WELFARE, PALLIATIVE CARE AND SUBSTANCE ABUSE INFORM WURZWEILER'S NATIONALLY ACCREDITED CURRICULUM. STERN COLLEGE FOR WOMEN OFFERS A MASTER OF ARTS PROGRAM IN BIBLICAL AND TALMUDIC INTERPRETATION, WHICH IS OPEN TO STUDENTS WITH EXTENSIVE BACKGROUNDS IN ADVANCED JEWISH STUDIES. ADVANCED STUDENTS MAY CHOOSE TO STUDY IN THE FULL DAY TRADITIONAL BEIT MIDRASH ENVIRONMENT AS MEMBERS OF THE STERN COLLEGE GRADUATE PROGRAM IN ADVANCED TALMUDIC STUDIES. THE SY SYMS SCHOOL OF BUSINESS OFFERS A MASTERS OF SCIENCE PROGRAM IN ACCOUNTING AND AN EXECUTIVE MBA PROGRAM THAT IS DESIGNED FOR BUSINESS PROFESSIONALS AND MANAGERS ON THE FAST TRACK TOWARDS CHALLENGING GLOBAL SENIOR MANAGEMENT ASSIGNMENTS. IN ADDITION TO ITS GRADUATE LEVEL PROFESSIONAL PROGRAMS, YU OFFERS GRADUATE PROGRAMS IN ECONOMICS AND MATHEMATICS DESIGNED TO PRODUCE SPECIALISTS FOR INDUSTRY, TO PREPARE STUDENTS FOR DOCTORAL PROGRAMS IN THE TWO DISCIPLINES AND TO SUPPLEMENT STRONG UNDERGRADUATE PROGRAMS IN BOTH AREAS. THE MASTERS OF SCIENCE PROGRAM IN QUANTITATIVE ECONOMICS IS A COMPREHENSIVE PROGRAM THAT TRAINS STUDENTS FOR ANALYST OR RESEARCH BASED CAREERS IN ECONOMICS AND FINANCE. YU'S NETWORK OF LIBRARIES PROVIDES ACCESS TO ACADEMIC AND CULTURAL RESOURCES IN PRINT, DIGITAL AND OTHER FORMATS. COLLECTIONS SPAN THE DISCIPLINES FROM BIOMEDICAL SCIENCES, SOCIAL SCIENCES, BUSINESS, AND LAW TO LITERATURE, LANGUAGES AND THE ARTS. SPECIAL COLLECTIONS INCLUDE JUDAIC RARE BOOKS AND MANUSCRIPTS, SEPHARDIC PUBLICATIONS AND EXTENSIVE ARCHIVAL RECORDS DOCUMENTING THE JEWISH EXPERIENCE OF THE PAST CENTURY. YU'S MUSEUM IS A CREATIVE AND VITAL PRESENCE IN THE INTELLECTUAL AND EDUCATIONAL LIFE OF YU AND THE GENERAL COMMUNITY. THE MUSEUM ORGANIZES AND PRESENTS INNOVATIVE EXHIBITIONS ON THE JEWISH ART AND CULTURE IN A HISTORICAL AND CONTEMPORARY CONTEXT. SEE SCHEDULE D, SUPPLEMENTAL INFORMATION FOR A MORE DETAILED DISCUSSION OF THE YU LIBRARY AND MUSEUM'S COLLECTIONS. THE MUSEUM'S COLLECTION OF MORE THAN 10,000 ARTIFACTS, EXHIBITIONS, INSTALLATIONS AND PROGRAMS PROVIDE A WINDOW INTO JEWISH CULTURE AROUND THE WORLD AND THROUGHOUT HISTORY. SCHOOL GROUPS FROM ACROSS THE NEW YORK METROPOLITAN AREA VISIT THE MUSEUM TO TOUR THE EXHIBITIONS AND PARTICIPATE IN WORKSHOPS AND EDUCATIONAL PROGRAMS. THE MUSEUM SERVES AS A RESOURCE FOR EDUCATORS NATIONWIDE. AS A RESOURCE FOR SCHOLARLY RESEARCH, THE MUSEUM'S EXHIBITIONS AND PROGRAMS PROVIDE UNIQUE OPPORTUNITIES TO EXAMINE, COMPARE AND RESEARCH OBJECTS, IDEAS AND TECHNIQUES. THE MUSEUM PARTNERS WITH YU FACULTY TO PROVIDE A WIDE RANGE OF PROGRAMS OPEN TO THE PUBLIC. AS A TEACHING MUSEUM, IT IS COMMITTED TO PROVIDING CREATIVE LEARNING OPPORTUNITIES. PROGRAM SERVICES (CONT'D) IN ORDER TO FOSTER INTELLECTUAL EXCHANGE BOTH WITHIN YU, THE BROADER ACADEMIC COMMUNITY AND WITH THE GENERAL COMMUNITY, YU CREATED THE FOLLOWING CENTERS/INSTITUTES: THE CENTER FOR THE JEWISH FUTURE; THE RABBI ARTHUR SCHNEIER CENTER FOR INTERNATIONAL AFFAIRS; THE CENTER FOR ISRAEL STUDIES; THE CENTER FOR JEWISH LAW AND CONTEMPORARY CIVILIZATION; THE ZAHAVA AND MOSHAEL STRAUSS CENTER FOR TORAH AND WESTERN THOUGHT AND THE INSTITUTE FOR UNIVERSITY-SCHOOL PARTNERSHIP. THE MISSION OF THE CENTER FOR THE JEWISH FUTURE (CJF) IS TO SHAPE, ENRICH AND INSPIRE THE CONTEMPORARY JEWISH COMMUNITY BY CONVENING THE RESOURCES OF YU. CJF INFUSES THE STUDENT BODY WITH A SPIRIT OF LEADERSHIP AND RESPONSIBILITY TO KLAL YISRAEL (PEOPLE OF ISRAEL) AND SOCIETY; BUILDS, CULTIVATES AND SUPPORTS COMMUNITIES AND THEIR LAY LEADERS AND RABBINIC LEADERSHIP; AND CREATES A GLOBAL MOVEMENT THAT PROMOTES THE VALUES OF YU, INCLUDING TORAH UMADDA AND RELIGIOUS ZIONISM. INSPIRING NEW LEADERS - THIS CENTER PREPARES COLLEGE AND GRADUATE STUDENTS TO BECOME JEWISH LEADERS. IN PARTICULAR, SERVICE LEARNING PROGRAMS AT HOME AND ABROAD OVER WINTER AND SUMMER BREAKS ENCOURAGE STUDENTS TO EXPLORE ISSUES OF AIDING THE JEWISH COMMUNITY AND TIKKUN OLAM (HEALING THE WORLD). SEVERAL INITIATIVES IDENTIFY POTENTIAL LEADERS, ENCOURAGING THEM TO CONSIDER JEWISH COMMUNAL WORK AND OFFERING THEM AN UNMATCHED PROGRAM OF PROFESSIONAL TRAINING IN COOPERATION WITH THE VARIOUS YU GRADUATE SCHOOLS. PROMOTING THE VALUES OF YU - THE CENTER HAS DEVELOPED A WIDE VARIETY OF INITIATIVES TO FURTHER THE UNIQUE VALUES OF YU. A WEB SITE DEVOTED TO TORAH LEARNING, YUTORAH.ORG AND TORAH-TO-GO SERIES, MAKES THE LECTURES OF YU'S ROSHEI YESHIVA (PROFESSORS OF TALMUD) AND OTHER TORAH PERSONALITIES AVAILABLE FOR DOWNLOADING. A SUNDAY MORNING TORAH LEARNING PROGRAM BRINGS HUNDREDS OF MEN AND WOMEN FOR SHIURIM (LECTURES) ON YU CAMPUSES AND IN VARIOUS REGIONS OF NORTH AMERICA. THROUGH RESEARCH AND DIALOGUE, CJF LOOKS FOR PRACTICAL SOLUTIONS TO SUCH CONTEMPORARY ISSUES AS MEDICAL ETHICS. THE CJF ALSO STRENGTHENS THE JEWISH EDUCATIONAL EXPERIENCE OF STUDENTS IN HIGH SCHOOLS THROUGHOUT NORTH AMERICA THROUGH INFORMAL EDUCATION PROGRAMS THAT FOCUS ON LEADERSHIP SKILLS, JEWISH VALUES AND TORAH STUDY. THE CENTER FOR ISRAEL STUDIES NURTURES SCHOLARSHIP AND THE TEACHING OF ISRAEL FROM BIBLICAL TIMES TO THE PRESENT, WITH PARTICULAR FOCUS UPON THE MODERN STATE. THE CENTER UNITES YU'S ACADEMIC AND PROFESSIONAL STRENGTHS AND RESOURCES AS IT SEEKS TO CREATE AN INTERNATIONAL FORUM ON ISRAEL. THE CENTER SUPPORTS CURRICULUM DEVELOPMENT, RESEARCH, CONFERENCES, PUBLICATIONS, MUSEUM EXHIBITIONS AND PUBLIC PROGRAMS. THE CENTER FOR JEWISH LAW AND CONTEMPORARY CIVILIZATION ENRICHES JEWISH STUDIES, THE LEGAL ACADEMY AND CONTEMPORARY CIVILIZATION BY CREATING AND SUSTAINING A DIVERSE AND COLLABORATIVE INTELLECTUAL COMMUNITY THAT RE-EXAMINES AND RECONSIDERS CLASSICAL TEXTS WITH AN EVER GROWING SET OF NEW CONCEPTUAL TOOLS. THE CENTER SPONSORS A WIDE RANGE OF ACADEMIC ACTIVITIES, INCLUDING INNOVATIVE CURRICULUM IN JEWISH LAW AND LEGAL THEORY, WORKSHOPS, COLLOQUIA AND CONFERENCES, AS WELL AS FELLOWSHIP PROGRAMS THAT TRAIN AND SUPPORT STUDENTS AND EMERGING SCHOLARS. THE ZAHAVA AND MOSHAEL STRAUSS CENTER FOR TORAH AND WESTERN THOUGHT OFFERS STUDENTS FELLOWSHIPS, PUBLIC EVENTS, SEMINARS AND TRAVEL ABROAD OPTIONS TO EXPLORE THE GREAT MORAL, PHILOSOPHICAL AND THEOLOGICAL QUESTIONS OF OUR AGE AND TO ENGAGE WITH LEADING THINKERS BOTH IN THE US AND ISRAEL. THE MISSION OF THE CENTER IS TO HELP DEVELOP JEWISH THINKERS AND WISDOM SEEKING JEWS BY DEEPENING THEIR EDUCATION IN THE BEST OF JEWISH TRADITION, BY EXPOSING THEM TO HUMAN KNOWLEDGE AND INSIGHT FROM ACROSS THE AGES AND BY CONFRONTING THEM WITH GREAT MORAL, PHILOSOPHICAL AND THEOLOGICAL QUESTIONS OF OUR AGE. THE INSTITUTE FOR UNIVERSITY-SCHOOL PARTNERSHIP ADVANCES THE FIELD OF JEWISH EDUCATION BY PROVIDING A CONTINUUM OF SUPPORT THAT RANGES FROM RECRUITING AND STRATEGICALLY PLACING NEW TEACHERS AND LEADERS IN SCHOOLS TO OFFERING ONGOING LEARNING THROUGH CONTINUING EDUCATION AND OFFERING STRATEGIC PLANNING, GOVERNANCE AND FINANCIAL MANAGEMENT TOOLS TO LAY AND SCHOOL LEADERS. THE SCHOOL PARTNERSHIP ALSO CONNECTS EDUCATORS, LAY LEADERS AND DAY SCHOOLS THROUGHOUT NORTH AMERICA TO INNOVATE AND ENHANCE JEWISH EDUCATION. THE RABBI ARTHUR SCHNEIER PROGRAM FOR INTERNATIONAL AFFAIRS PROVIDES AN EDUCATIONAL FORUM FOR THE EXCHANGE OF IDEAS RELATED TO DIVERSE GLOBAL ISSUES. THE PROGRAM FOCUSES A WIDE LENS ON THE MODERN WORLD'S CRUCIAL POLITICAL AND SOCIAL ISSUES BY ATTRACTING EXPERTS IN DIPLOMACY; FOREIGN RELATIONS; INTELLECTUAL PROPERTY RIGHTS; WORLD ECONOMICS; WORLD HEALTH; INTERNATIONAL LAW; POLITICS; ENVIRONMENTALISM AND MILITRAY STRATEGY. THE YU GLOBAL DIVISION OF YESHIVA UNIVERSITY IS AN INCLUSIVE EDUCATIONAL SYSTEM THAT STRIVES TO EDUCATE STUDENTS ACROSS A DIVERSITY OF SETTINGS. TO BETTER REACH THIS GOAL, YU GLOBAL OFFERS STUDENTS A RANGE OF CREDIT AND NON-CREDIT BEARING COURSES AND GRADUATE PROGRAMS IN FULLY ONLINE AS WELL AS BLENDED FORMATS. COURSES TAKEN THROUGH YU GLOBAL HAVE THE SAME HIGH EDUCATIONAL STANDARDS AS ANY CLASS PHYSICALLY TAKEN ON CAMPUS BY OUR DISTINGUISHED FACULTY. YU GLOBAL IS THE "CONTINUING EDUCATION" ARM OF YESHIVA UNIVERSITY. CORE FORM 990, PART VI, SECTION A, LINE 7A IN ACCORDANCE WITH ARTICLE I-3 OF THE YESHIVA UNIVERSITY BY-LAWS OF THE BOARD OF THE BOARD OF TRUSTEES, THE RESPECTIVE CHAIRS OF THE BOARDS OF THE RABBI ISAAC ELCHANAN THEOLOGICAL SEMINARY ("RIETS"), THE BENJAMIN N. CARDOZO SCHOOL OF LAW ("CARDOZO") AND THE ALBERT EINSTEIN COLLEGE OF MEDICINE ("EINSTEIN") SERVE AS EX OFFICIO VOTING MEMBERS OF THE YESHIVA UNIVERSITY BOARD OF TRUSTEES. RIETS IS A SEPARATELY INCORPORATED SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION. CARDOZO AND EINSTEIN ARE CONSTITUENT SCHOOLS THAT OPERATE AS PART OF YESHIVA UNIVERSITY. SUCH INDIVIDUALS REMAIN ON THE YESHIVA UNIVERSITY BOARD OF TRUSTEES AS LONG AS THEY REMAIN AS CHAIR OF HIS OR HER RESPECTIVE BOARD. CORE FORM 990, PART VI, SECTION A, LINE 11B YESHIVA UNIVERSITY'S FORM 990 WAS REVIEWED AND SIGNED BY AN INDEPENDENT ACCOUNTING FIRM BASED ON A DRAFT RETURN PREPARED BY THE UNIVERSITY'S FINANCE DEPARTMENT AND DIRECTOR OF TAX. THE DRAFT RETURN WAS REVIEWED BY THE UNIVERSITY'S CHIEF FINANCIAL OFFICER, THE UNIVERSITY'S OFFICE OF GENERAL COUNSEL AND THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE FINAL VERSION OF THE FORM 990 WAS MADE AVAILABLE TO THE BOARD OF TRUSTEES VIA A SECURE WEB SITE PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. THE FORM 990, AS FILED, IS MADE AVAILABLE TO THE PUBLIC IN ACCORDANCE WITH INTERNAL REVENUE SERVICE RULES AND REGULATIONS. CORE FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY'S CONFLICT OF INTEREST POLICY - WHICH WAS APPROVED BY THE BOARD OF TRUSTEES - APPLIES TO ALL MEMBERS OF THE UNIVERSITY'S BOARD OF TRUSTEES, ALL MEMBERS OF THE BOARDS OF OVERSEERS OF THE UNIVERSITY'S CONSTITUENT SCHOOLS, ALL PERSONS WHO SERVE ON A UNIVERSITY BOARD COMMITTEE OR A COMMITTEE OF A CONSTITUENT SCHOOL'S BOARD, AND TO OFFICERS AND SELECT EMPLOYEES OF THE UNIVERSITY, AS DESIGNATED BY THE GENERAL COUNSEL (COLLECTIVELY, THE "COVERED PERSONS"). THE POLICY PROVIDES THAT COVERED PERSONS ARE TO ACT AT ALL TIMES IN A MANNER CONSISTENT WITH THEIR RESPONSIBILITIES TO THE UNIVERSITY AND AVOID CIRCUMSTANCES IN WHICH THEIR FINANCIAL OR OTHER TIES TO OUTSIDE ENTITIES COULD PRESENT AN ACTUAL, POTENTIAL OR APPARENT CONFLICT OF INTEREST OR IMPAIR THE UNIVERSITY'S REPUTATION. FURTHER, ALL COVERED PERSONS ARE NOT TO ENGAGE IN BUSINESS WITH THE UNIVERSITY. IN THE CASE OF A RARE EXCEPTION, A CONFLICT WAIVER COMMITTEE HAS BEEN ESTABLISHED TO REVIEW THE FACTS AND, IF IT IS IN THE UNIVERSITY'S BEST INTERESTS, APPROVE SUCH EXCEPTIONS. CONFLICT WAIVER REQUESTS CONSIDERED BY THE COMMITTEE, WHETHER OR NOT APPROVED, ARE REPORTED TO THE BOARD OF TRUSTEES. QUESTIONS AS TO WHETHER A TRANSACTION CONSTITUTES AN INTERESTED TRANSACTION WITH RESPECT TO COVERED PERSONS ARE RESOLVED BY THE UNIVERSITY'S CONFLICTS WAIVER COMMITTEE AND THE PRESIDENT IN CONSULTATION WITH THE GENERAL COUNSEL. COVERED PERSONS ARE REQUIRED TO COMPLETE, SIGN AND SUBMIT TO THE GENERAL COUNSEL AN ANNUAL DISCLOSURE STATEMENT; TO PROMPTLY NOTIFY THE GENERAL COUNSEL OF ANY CHANGE IN THE INFORMATION PREVIOUSLY REPORTED ON SUCH PERSON'S DISCLOSURE STATEMENT; AND TO FURNISH SUPPLEMENTAL INFORMATION AND/OR CONFIRM THE CONTINUED ACCURACY OF THE CURRENT DISCLOSURE STATEMENT, IF REQUESTED BY THE GENERAL COUNSEL. THE BOARD'S GOVERNANCE COMMITTEE, IN CONSULTATION WITH THE GENERAL COUNSEL, HAS THE AUTHORITY TO ADDRESS NON-COMPLIANCE WITH THE DISCLOSURE REQUIREMENTS OR ANY OTHER PROVISION OF THE CONFLICT OF INTEREST POLICY; AND MAY RECOMMEND THE REMOVAL OF SUCH NON-COMPLYING COVERED PERSON OR OTHER APPROPRIATE SANCTION. IN ADDITION, A COVERED PERSON WHO BELIEVES A CURRENT, PENDING OR PROPOSED TRANSACTION WOULD CONSTITUTE AN "INTERESTED TRANSACTION" OR OTHERWISE CONSTITUTE AN ACTUAL, POTENTIAL OR APPARENT CONFLICT OF INTEREST, IS REQUIRED TO PROMPTLY DISCLOSE TO THE GENERAL COUNSEL AND TO THE CHAIR OF EACH BOARD AND COMMITTEE OF WHICH THE COVERED PERSON IS A MEMBER, THE EXISTENCE OF THE CONFLICT (OR APPEARANCE OF CONFLICT) AND OTHER MATERIAL INFORMATION THAT THE COVERED PERSON MAY HAVE REGARDING THE TRANSACTION. NEW COVERED PERSONS ARE PROVIDED WITH A COPY OF THE CONFLICT OF INTEREST POLICY AND DISCLOSURE STATEMENT. THE DETAILS OF THE POLICY AND ITS REQUIREMENTS ARE REVIEWED WITH THEM. THE GENERAL COUNSEL MAINTAINS A DATABASE OF INTERESTS OF COVERED PERSONS AND A SYSTEM FOR MONITORING CURRENT, PENDING AND PROPOSED TRANSACTIONS FOR POTENTIAL INTERESTED TRANSACTIONS BASED ON THE DISCLOSURES MADE IN EACH COVERED PERSON'S ANNUAL DISCLOSURE STATEMENT AND ANY PERIODIC UPDATES SUBMITTED PURSUANT TO THE POLICY. IN ADDITION TO THE CONFLICT OF INTEREST POLICY ABOVE FOR COVERED PERSONS, UNIVERSITY EMPLOYEES ARE ALSO SUBJECT TO ADDITIONAL CONFLICT OF INTEREST REPORTING REQUIREMENTS AS SET FORTH IN THE UNIVERSITY EMPLOYEE HANDBOOK. CORE FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF ALL EMPLOYEES EARNING IN EXCESS OF A SPECIFIED THRESHOLD SALARY LEVEL, AS WELL AS ALL OF YESHIVA UNIVERSITY'S OFFICERS AND KEY EMPLOYEES, IS REVIEWED ANNUALLY BY THE UNIVERSITY'S COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE INDEPENDENT MEMBERS OF THE COMMITTEE CONDUCT A DETAILED REVIEW AND APPROVAL OF SUCH COMPENSATION UTILIZING COMPARABILITY DATA FROM THIRD PARTY SALARY SURVEYS, FORM 990 SALARY DISCLOSURES FROM OTHER ORGANIZATIONS, AND/OR COMPENSATION STUDIES PREPARED BY AN INDEPENDENT THIRD PARTY CONSULTING FIRM. CONTEMPORANEOUS DOCUMENTATION OF THE COMMITTEE'S DELIBERATIONS AND DECISIONS ARE MADE PART OF THE COMMITTEE'S WRITTEN MINUTES. IN ACCORDANCE WITH IRS RULES AND REGULATIONS, THE UNIVERSITY HAS ALSO RECEIVED OPINIONS FROM INDEPENDENT THIRD PARTY COMPENSATION CONSULTANTS THAT THE COMPENSATION AND BENEFITS OF ITS OFFICERS AND KEY EMPLOYEES ARE REASONABLE. CORE FORM 990, PART VI, SECTION C, LINE 19 YESHIVA UNIVERSITY DOES NOT CURRENTLY MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. IT'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE UNIVERSITY'S WEBSITE AT WWW.YU.EDU. THE UNIVERSITY MAKES IT'S FORM 990 AND 990-T AVAILABLE TO THE PUBLIC IN ACCORDANCE WITH INTERNAL REVENUE SERVICE RULES AND REGULATIONS. CORE FORM 990, PART VI, SECTION A, LINE 2 NAME OF OFFICER, DIRECTOR, ETC: DAVID S GOTTESMAN NAME OF RELATED PERSON: RUTH L GOTTESMAN RELATIONSHIP: FAMILY RELATIONSHIP NAME OF OFFICER, DIRECTOR, ETC: ZYGMUNT WILF NAME OF RELATED PERSON: MARK WILF RELATIONSHIP: FAMILY AND BUSINESS RELATIONSHIP NAME OF OFFICER, DIRECTOR, ETC: MICHAEL JESSELSON NAME OF RELATED PERSON: JAY SCHOTTENSTEIN RELATIONSHIP: BUSINESS RELATIONSHIP NAME OF OFFICER, DIRECTOR, ETC: DAVID MAGERMAN NAME OF RELATED PERSON: MARK SILBER RELATIONSHIP: BUSINESS RELATIONSHIP FORM 990 - PART XI LINES 9 CHANGE IN FMV OF SPLIT INTEREST AGREEMENTS $ 100,807 FORM 990, PART VII THE AVERAGE HOURS PER WEEK LISTED FOR THE OFFICERS, KEY EMPLOYEES AND HIGHEST PAID EMPLOYEES REPRESENTS YESHIVA UNIVERSITY'S OFFICIAL WORKWEEK. HOWEVER, IN PRACTICE, SUCH INDIVIDUALS WORK SIGNIFICANTLY MOREHOURS PER WEEK AND ARE EXPECTED TO BE AVAILABLE FOR UNIVERSITY BUSINESS SUBSEQUENT EVENT SUBSEQUENT TO JUNE 30, 2014, THE UNIVERSITY AND MONTEFIORE HEALTH SYSTEM APPROVED TERMS BY WHICH BOTH ENTITIES WOULD EXPAND UPON THEIR LONGSTANDING COLLABORATIVE RELATIONSHIP IN PROVIDING MEDICAL EDUCATION, RESEARCH AND CLINICAL SERVICES, AND ESTABLISH A STRATEGIC JOINT VENTURE FOR THE OPERATIONS OF THE ALBERT EINSTEIN COLLEGE OF MEDICINE. UNDER THE PROPOSED TERMS, AMONG OTHER THINGS, THE OPERATIONS OF EINSTEIN WOULD BE TRANSFERRED INTO A NEWLY-FORMED JOINT VENTURE ENTITY, WITH THE UNIVERSITY AND MONTEFIORE AS THE SOLE MEMBERS. MONTEFIORE, AS THE MEMBER WITH THE MAJORITY INTEREST IN THE ENTITY, WOULD ASSUME FULL RESPONSIBILITY FOR OPERATIONAL AND FINANCIAL MATTERS. 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