2013-05-08T17:03:16-05:00 2012-09-30 GRANT THORNTON LLP 666 THIRD AVENUE NEW YORK NY 100174057 990 2011-10-01 131568923 American Friends of Hebrew University Inc % JANE KAMPTON CONTROLLER AMER 2126078500 ONE BATTERY PARK PLAZA NEW YORK NY 100041435 Peter Willner 2125990100 2013-05-07 true 2125990100 2011 2016-02-25 16:41:14Z PETER WILLNER NATL EXEC DIR ONE BATTERY PARK PLAZA 25TH FL NEW YORK NY 10004 157931395 false X WWW.AFHU.ORG X 1931 NY to support hebrew university of jerusalem, israel's foremost center of higher education and research, by nurturing the intellectual strength of the people of israel and forging partnerships with american jewry. 65 65 81 210 8865 3063 35281986 34326562 0 163899 23852880 10296245 -412614 -178155 58722252 44608551 36080409 35128666 0 0 6245478 6952810 183661 176500 7528748 3772900 3969500 46282448 46227476 12439804 -1618925 487921834 550002076 33995631 33514992 453926203 516487084 X AMERICAN FRIENDS OF THE HEBREW UNIVERSITY (AFHU) IS A NATIONAL, NOT-FOR-PROFIT ORGANIZATION IN SUPPORT OF THE HEBREW UNIVERSITY OF JERUSALEM, ISRAEL'S FOREMOST CENTER OF HIGHER EDUCATION AND RESEARCH. FORGING A MEANINGFUL PARTNERSHIP BETWEEN AMERICAN JEWRY AND THE PEOPLE OF ISRAEL, AFHU HELPS TO ENSURE THE NATION'S WELL BEING BY NURTURING ISRAEL'S GREATEST ASSET: THE INTELLECTUAL STRENGTH OF ITS PEOPLE. AFHU'S CULTURAL AND EDUCATIONAL PROGRAMS ATTRACT PEOPLE FROM ALL WALKS OF LIFE, INCLUDING HEBREW UNIVERSITY AND ROTHBERG INTERNATIONAL SCHOOL ALUMNI, AMERICAN SCHOLARS AND SCIENTISTS, AND THE GENERAL U.S. PUBLIC. THESE PROGRAMS, AS WELL AS AFHU MISSIONS TO ISRAEL AND HEBREW UNIVERSITY, PROMOTE GREATER UNDERSTANDING OF THE UNIVERSITY'S CONTRIBUTIONS IN FIELDS RANGING FROM TECHNOLOGY, MEDICINE AND LAW TO AGRICULTURE, PUBLIC POLICY AND JEWISH STUDIES. FOUNDED BY THE AMERICAN PHILANTHROPIST, FELIX M. WARBURG IN 1925, AFHU HAS BEEN A CENTRAL FORCE IN HEBREW UNIVERSITY'S RISE TO INTERNATIONAL false false 35128666 35128666 163899 The American Friends of Hebrew University's (AFHU) primary exempt purpose is to support Hebrew University and other educational institutions in Israel and the United States. AFHU accomplishes this by making grants to these organizations to promote and encourage higher education, research and training in all disciplines. 35128666 true true false false false true false false false true true true false true true true false true false false true true true true true false false true true true false false false false false false false false true false false false false true true false false false true 77 0 true 81 true true true true IS LS false false false true true false false false false false false false X 65 65 true false true false false false false true true false false true true true true true true true true false CA CT DC FL IL MD MA MI MN NJ NY NC PA RI VA X X JANE KAMPTON CONTROLLER 2126078569 ONE BATTERY PARK PLAZA 25TH FL NEW YORK NY 10004 Mr Martin E Karlinsky 10.0 X X 0 0 0 Mr George Schieren 5.0 X X 0 0 0 Mr Michael A Lobel 5.0 X X 0 0 0 Mr Joshua Olshin 1.0 X X 0 0 0 Pamela N Emmerich 1.0 X X 0 0 0 Mr Ernest Bogen 1.0 X X 0 0 0 Rita Bogen 1.0 X X 0 0 0 Mr Charles H Goodman 1.0 X X 0 0 0 Mr Michael Jesselson 1.0 X X 0 0 0 Mr Todd S Lundy 1.0 X X 0 0 0 Kenneth L Stein Esq 1.0 X X 0 0 0 Ronald M Zimmerman 1.0 X X 0 0 0 John H Bauman 1.0 X 0 0 0 Diane Belfer 1.0 X 0 0 0 James Blum 1.0 X 0 0 0 Mr Stanley M Bogen 1.0 X 0 0 0 Ms Joyce Brandman 1.0 X 0 0 0 Mr Scott Burg 1.0 X 0 0 0 Mr Leonard D Cordes 1.0 X 0 0 0 Mr I Steven Edelson 1.0 X 0 0 0 Alan P Fiske 1.0 X 0 0 0 Ms Ruth Flinkman-Marandy 1.0 X 0 0 0 Mr Michael J Freed 1.0 X 0 0 0 Ms Patricia L Glaser 1.0 X 0 0 0 Mr Lawrence E Glick 1.0 X 0 0 0 Mr Steven Good 1.0 X 0 0 0 Mr Mark Gordon 1.0 X 0 0 0 Brindell Gottlieb 1.0 X 0 0 0 Arthur Gutterman 1.0 X 0 0 0 Nancy Hamburger 1.0 X 0 0 0 Sheldon Hechtman 1.0 X 0 0 0 Dr William H Isacoff 1.0 X 0 0 0 Mrs Renae Jacobs-Anson 1.0 X 0 0 0 Ms Emma Joels 1.0 X 0 0 0 Mr Marvin Jubas 1.0 X 0 0 0 Mr Clive Kabatznik 1.0 X 0 0 0 Ambassador Max M Kampelman 1.0 X 0 0 0 Brad S Karp 1.0 X 0 0 0 Mrs Frances Katz 1.0 X 0 0 0 Ellen Klersfeld 1.0 X 0 0 0 Mr Harvey M Krueger 1.0 X 0 0 0 Mr Michael S Kurtz 1.0 X 0 0 0 Mr Fred S Lafer 1.0 X 0 0 0 Senator Frank Lautenberg 1.0 X 0 0 0 Ms Marla Lerner Tanenbaum 1.0 X 0 0 0 Barry H Lippman 1.0 X 0 0 0 Mrs Barbara A Mandel 1.0 X 0 0 0 Mindy Mann 1.0 X 0 0 0 Mr James E Matanky 1.0 X 0 0 0 Mr Marc O Mayer 1.0 X 0 0 0 Jamie McCourt 1.0 X 0 0 0 Dr Mark A Ratner 1.0 X 0 0 0 Mrs Leona Z Rosenberg 1.0 X 0 0 0 Mr Keith L Sachs 1.0 X 0 0 0 Daniel I Schlessinger 1.0 X 0 0 0 Mr David Bruce Smith 1.0 X 0 0 0 Mr Ira Lee Sorkin 1.0 X 0 0 0 Eric C Stein 1.0 X 0 0 0 Ruth Ellen Toole 1.0 X 0 0 0 Ms Mary Ann Tuft 1.0 X 0 0 0 Mr Mark Vidergauz 1.0 X 0 0 0 Richard D Weinberg Esq 1.0 X 0 0 0 Mr Martin Zelman 1.0 X 0 0 0 Mr Richard S Ziman 1.0 X 0 0 0 Lawrence Zweifach 1.0 X 0 0 0 A Sidney Katz Esq 1.0 X 0 0 0 Ambassador William A Brown 1.0 X PETER WILLNER 50.0 X 436410 0 50792 JAMES ROTHKOPF 50.0 X 296234 0 49215 BETH MCCOY 40.0 X 265036 0 49203 JANE KAMPTON 50.0 X 181673 0 43198 JACQUELINE GLODSTEIN 40.0 X 166733 0 43253 JILL MOSKOWITZ 40.0 X 187848 0 22674 MATTHEW ROSS 40.0 X 185888 0 36027 BETH KYMAN 40.0 X 159245 0 15107 Sheri Kaufer 40.0 X 154157 0 33180 2033224 0 342649 16 false true false LAUTMAN MASKA NEILL COMPANY 1730 RHODE ISLAND AVE NW SUITE 301 WASHINGTON DC 20036 FUNDRAISING 119479 GRANT THORNTON LLP 666 THIRD AVE NEW YORK NY 10017 AUDITING&TAX 190435 SECURITY CAPITAL RESEARCH AND MANAG CHASE TOWER 10 S DEARBON ST 1400 CHICAGO IL 60603 INV MANAGEMENT 182581 3 834150 130001 262000 33100411 455836 34326562 REGISTRATION FEES 900099 163899 163899 163899 10853772 8865 10844907 0 0 59271 59271 59271 59271 112168291 112725818 -557527 -557527 -557527 359600 834150 597026 -237426 -237426 0 0 0 44608551 163899 8865 10109225 79234 79234 6050 6050 35043382 35043382 0 1445928 855713 590215 0 4137381 1044162 3093219 226807 73030 153777 769430 280611 488819 373264 118176 255088 132655 11011 121644 105187 75296 29891 358443 356321 2122 0 176500 176500 177898 177898 274029 56773 217256 301553 128 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0.67246 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5 23350 601579 true true 338251606 58903555 66020080 17377165 445798076 357406000 2758000 -8062000 13850000 338252000 333991000 1452000 33944000 11981000 357406000 335098000 3092000 4734000 8933000 333991000 0.86760 0.13240 true false 2344804 2344804 870216 349999 520217 1381362 1061145 320216 510898 398366 112532 1013394 966449 46945 3344714 STATE OF ISRAEL BONDS 2733000 F ALTERNATIVE INVESTMENTS 25875058 F 28608058 TRUST & SPLIT INT AGREEMENTS 42686308 COMMON FUND 79424 MISCELLANEOUS RECEIVABLES 1003374 43769106 0 SPLIT INTEREST AGREEMENT 6318369 MISCELLANEOUS LIABILITIES 613399 6931768 44608551 46227476 -1618925 61957524 2222282 64179806 62560881 106401757 61957524 -59947 61897577 44504180 177898 -73527 104371 44608551 46063158 73527 73527 45989631 177898 59947 237845 46227476 RECONCILIATION OF CHANGE IN NET ASSETS FORM 990, SCHEDULE D, PART XI, LINE 8 CHANGES IN VALUE OF SPLIT-INTEREST AGREEMENTS $2,307,149 Pension related expenses $(84,867) ========== Total Change $2,222,282 RECONCILIATION OF REVENUE FORM 990, SCHEDULE D, PART XII Line 2d, Other revenue on books not on return: Legal fees-endowment related $(59,947) LINE 4B - revenue on return not on books: FUNDRAISING EXPENSE- Events $(237,426) Registration Fees Reclassed from Events $ 163,899 ------------------------------------------------------ Total Line 4(b) $ (73,527) Reconciliation of expenses FORM 990, SCHEDULE D, PART XIII Line 2d, expense on books not on return: FUNDRAISING EXPENSE- Events $ 237,426 Registration Fees Reclassed from Events $(163,899) ------------------------------------------------------ Total Line 4(b) $ 73,527 LINE 4B - Expense on return not on books: Legal fees- Endowment Related $59,947 Income taxes Form 990, Schedule D, Part X, Line 2 The Organization follows guidance that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This standard provides that the tax effects from an uncertain tax position can be recognized in the consolidated financial statements only if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The standard also provides guidance on measurement, classification, interest and penalties, and disclosure and had no material impact on the accompanying consolidated financial statements. The tax years ended 2009, 2010 and 2011 are still open to audit for both federal and state purposes. The Organization has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations in jurisdictions for which it has nexus; and to identify and evaluate other matters that may be considered tax positions. Consolidated Financial Statements Schedule D, Part XI, XII & XIII American Friends of Hebrew University receives consolidated financial statements that include the activities of a related organization, American Friends of Hebrew University Charitable Common Fund. The American Friends of Hebrew University has completed Schedule D, Parts XI, XII & XIII, which provide a reconciliation from the audited financial statements to the Form 990, reporting its separate activity. Schedule D, Part I AFHU is providing additional detail on its donor advised funds since the IRS provided schedule does not accurately reflect the transactions in the current year (which are reported on Line 3). Beginning Year Balance $617,328 Gifts to Other Charitable Institutions ($20,100) Gifts to Other Educational Institutions ($3,250) Management Fees ($7,550) Unrealized Gains/(loss) $(2,816) Dividends $17,748 Total Changes ($15,748) End of Year Balance $601,579 Schedule D, Part V, Endowment Fund The pooled endowment fund for the American Friends of the Hebrew University of Jerusalem ("the Organization") provides grant allocations to the Hebrew University of Jerusalem for scholarships, research, equipment and other projects in accordance with approximately 1,700 individual donor endowment fund agreements. The grant amounts are determined based on an annual spending policy approved by the Board of Directors. In prior years' Form 990s, only the value of the permanently restricted endowments was included for Schedule D, Part V. The temporarily restricted endowments were inadvertently NOT included in the return as they were not required to be included in the audited financial statement footnote. In order to true-up the correct FY 2012 Form 990 roll forward required on Schedule D, Section V, an adjustment was made to add the difference between the total market value of all endowment funds at 9/30/12 and the market value of the Permanently Restricted Endowment Funds at 9/30/12. This amount, $52,140,431 is included on line 1b, contributions. true Middle East and North Africa Grantmaking 35043382 Central America and the Caribbean Investments 10683520 45726902 45726902 Middle East/North Africa GENERAL 34962711 Wire Middle East/North Africa Research 35286 Check Middle East/North Africa Research 35194 Wire 3 visiting lectureship Middle East/North Africa 1 5690 Check true false false true true false Activities Outside the United States Form 990, Schedule F, Part I, Line 2 The American Friends of The Hebrew University employs the services of a CPA firm to verify that grants to The Hebrew University are spent for the purposes for which the donor intended. Form 990, Schedule F, Part IV, Lines 1, 4 & 5 The American Friends of Hebrew University invests in domestic and foreign limited partnerships that may own an interest in a foreign corporation, passive foreign investment company, or foreign partnership. Nevertheless, the organization's investment activities may not reach the thresholds required for filing the Forms 926, 8621 or 8865. To the extent that the organization is required to complete one of these foreign forms, it is filed with the organization's annual Form 990-T. X X X X X X X true Lautman Maska Neill Co Direct Mail Consulting false 392450 104822 287628 Neal P Myerberg Planned Giving false 1055000 75308 979692 1447450 180130 1267320 CA CT DC FL IL MD MA MI MN NJ NY NC PA RI UT VA LA scopus gala 374000 269000 105000 70895 19306 64499 PB gala dinner 255000 191000 64000 60814 72329 360 13 564750 374150 190600 230469 53456 24898 1193750 834150 359600 362178 145091 89757 597026 -237426 form 990, schedule G, line 3 As of March 26th, 2012, the American Friends of Hebrew University is no longer registered to solicit in the state of Utah. true Hadassah Medical Organization 50 West 58th Street New York NY 10019 132563745 501(c)(3) 23802 dental school Boston University School of Medicine 715 Albany Street Boston MA 02118 942539545 501(c)(3) 32081 Student exchange Congregation Kol Shofar 215 Blackfield Drive Tiburon CA 94920 136110872 501(c)(3) 12500 General Purpose Henry E Huntington Library & Art Gallery 1151 Oxford Road San Marino CA 91108 951644589 501(c)(3) 6500 General purpose 4 Scholarship 1 1500 Visting Lectureship 1 4550 Grant monitoring procedures Schedule I, Part I, Line 2 Grants made within the United States are limited to 501(c)(3) organizations that are active in fulfilling the charitable purposes of the American Friends of Hebrew University. Since grants are only made to select charities, no additional monitoring procedures are in place. X false true X X false false false false false false false true false PETER WILLNER 419472 0 0 0 16938 0 22050 0 28742 0 487202 0 0 0 JAMES ROTHKOPF 271234 0 25000 0 0 0 11873 0 37342 0 345449 0 0 0 BETH MCCOY 245036 0 20000 0 0 0 22050 0 27153 0 314239 0 0 0 JANE KAMPTON 166673 0 15000 0 0 0 7978 0 35220 0 224871 0 0 0 JACQUELINE GLODSTEIN 166733 0 0 0 0 0 8978 0 34275 0 209986 0 0 0 JILL MOSKOWITZ 175348 0 12500 0 0 0 16044 0 6630 0 210522 0 0 0 MATTHEW ROSS 173388 0 12500 0 0 0 16711 0 19316 0 221915 0 0 0 BETH KYMAN 159245 0 0 0 0 0 7045 0 8062 0 174352 0 0 0 Sheri Kaufer 154157 0 0 0 0 0 13873 0 19307 0 187337 0 0 0 COMPENSATION FORM 990, SCHEDULE J, PART I, LINE 1 The spouse of the executive director periodically travels with him on business trips. The American Friends of Hebrew University treats these payments as taxable compensation, the amounts of which are included on his Form W-2 and disclosed on this return as other reportable compensation. Form 990, Schedule J, Part I, Line 7 Several individuals reported on the organization's Form 990 in Part VII and Schedule J received bonuses in fiscal year 2011. All bonus/salary recommendations for senior staff members are recommended by the National Executive Director to the Compensation Committee. The Compensation Committee is comprised of the President, Treasurer and Chairman of the Board. The Compensation Committee reviews materials provided by the National Executive Director and makes a recommendation to the Management Committee. The Management Committee is comprised of the above-mentioned 3 Board members and an additional 16 Board members. The Management Committee makes the ultimate decision about all senior staff salary/bonus increases/adjustments. As evidence of their decision and approval, the President of the Board signs and dates an Excel spreadsheet with the final approved recommendations,and provides minutes of the meeting. X 31 443836 cost or sale price X state of Israel Bonds 5 12000 cost or sale price false true true Noncash Contributions To the extent that AFHU receives noncash contributions of marketable securities, the organization's investment manager is tasked with disposing of those securities. Family relationship disclsoure FORM 990, PART VI, section A, LINE 2 ERNEST BOGEN, VICE PRESIDENT, AND RITA BOGEN, secretary, have a family relationship. ERNEST BOGEN, VICE PRESIDENT, AND STANLEY M BOGEN, director, have a family relationship. Ken Stein, Vice President, and Eric Stein, President of the San Francisco regional board have a family relationship. Sheldon Hechtman, President of the Southeast Region and Ellen Klersfeld, Director and member of the investment committee, have a family relationship. Significant changes to its governing documents Form 990, Part VI,Section A, Line 4 The American Friends of Hebrew University amended its bylaws in the current fiscal year to refine the composition of the audit committee membership to include both directors and non-directors. 990 review process FORM 990, PART VI, LINE 11 The organization's Form 990 was prepared by a national accounting firm in conjunction with the organization's financial department. A copy of the draft Form 990 was reviewed and approved by the Audit Committee and made available to the entire Board of Directors prior to its filing with the Internal Revenue Service. Conflict of interest policy monitoring and enforcement FORM 990, PART VI, LINE 12 Each officer, director, trustee and key employee of the organization is required to annually disclose any conflicts of interest that arise by virtue of their employment, board service, or position with the organization. The organization monitors compliance with its conflict of interest policy through an annual questionnaire/disclosure statement that is distributed to these individuals. The President has the authority to monitor the conflicts of interest questionnaires and report the findings to the Board of Directors. Conflicts, when they arise, are investigated immediately. Process for determining compensation FORM 990, PART VI, LINE 15 All bonus/salary recommendations for the National Executive Director are determined by the Compensation Committee which is comprised of the President, Treasurer and Chairman of the Board. The Compensation Committee then makes a recommendation to the Management Committee for approval. The Management Committee is comprised of the above-mentioned 3 board members and an additional 16 board members. The final approval rests with the Management Committee. All bonus/salary recommendations for all other officers and key employees are made by the National Executive Director to the Compensation Committee, who ultimately makes a recommendation to the Management Committee. The final approval rests with the Management Committee. Disclosure of documents FORM 990, PART VI, LINE 19 The organization makes its Form 990 available to the public by retaining a copy at its place of business. The Form 990 is likewise published on the Internet at www.guidestar.org and on the organization's website, www.afhu.org. The organization's financial statements, governing documents and conflict of interest policy will be made available upon request. The audited financial statements are also available on the organization's website. Form 990 - Board Relationships AFHU holds a real estate investment with an approximate value of $4,257,000. Board member, Richard Ziman, is a principal with the real estate investment company. AFHU holds marketable securities with an approximate value of $4,729,000 in a non-pooled endowment fund which is under the control of the donor and Board member, Stanley Bogen. The Organization did not pay investment manager fees that exceeded the threshold necessary for reporting on Form 990, Schedule L. In the interests of full disclosure, AFHU is reporting these relationships on its Form 990. Other changes in net assets Form 990, Schedule XI, Line 5 Unrealized Losses $61,957,524 Change in Value of Split Interest agreements $2,307,049 Pension related expenses $(84,867) ========== Total $64,179,806 AFHU CHARITABLE COMMON FUND one battery park plaza new york NY 10004 133525587 Donor Advised NY 501(c)(3) private fdn NA true HEBREW UNIVERSITY OF JERUSALEM Mt Scopus Campus JERUSALEM IS 91905 237285905 EDUCATION IS 501(c)(3) school NA false false false true false false false false false false false true false true true true true false false AFHU charitable common fund c 130001 fmv