2013-05-15T15:38:26-05:00 2012-06-30 420714325 MCGLADREY LLP 1 S WACKER DRIVE STE 800 CHICAGO IL 60606 990 2011-07-01 364018187 Goodman Family Foundation GOOD 3123574790 30 South Wells No 4049 Chicago IL 60606 David S Rosen 3123574790 2013-05-15 1 David Faje P00031371 3126343400 2011 2016-02-24 21:20:13Z Lawrence L Goodman 30 South Wells No 4049 Chicago IL 60606 3293564 0 X N/A X 1996 IL The Foundation is organized to foster, promote, support, develop, and maintain the broad, charitable, educational or religious purposes or functions as authorized by the charter of the Jewish Federation of Metropolitan Chicago and the by-laws of the Foundation. 5 3 0 3 0 0 0 0 0 0 263335 468337 0 75000 263335 543337 3683333 5291765 0 0 0 0 0 0 0 42872 40632 3726205 5332397 -3462870 -4789060 11370411 8936393 6770581 9345273 4599830 -408880 The Foundation is organized to foster, promote, support, develop, and maintain the broad, charitable, educational or religious purposes or functions as authorized by the charter of the Jewish Federation Of Metropolitan Chicago and the by-laws of the Foundation. 0 0 5291765 5291765 The Foundation makes grants to charitable organizations which are tax exempt under the IRC Section 501(C)(3) and meet the guidelines of the charter of the Jewish Federation of Metropolitan Chicago & the by-laws of the Foundation. 5291765 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 0 0 0 IL X Peter Chiswick 3124442814 30 S Wells Suite 4049 Chicago IL 60606 Lawrence L Goodman 0.30 X X 0 0 0 Sharyn Johnson 0.30 X X 0 0 0 David S Rosen 0.30 X X 0 290817 122131 Joel A Stone 0.30 X X 0 0 0 Eric Devir 0.30 X X 0 41716 10439 Rose Jagust 0.30 X 0 94623 30533 James Pinkston 0.30 X 0 23158 2722 0 450314 165825 0 0 1 0 0 347749 347749 2870815 2750227 120588 120588 120588 75000 75000 75000 543337 75000 0 468337 5291765 5291765 6850 6850 33782 33782 5332397 5291765 40632 0 499271 159889 10814146 8719273 56994 57231 11370411 8936393 6850 6850 5263731 8038423 1500000 1300000 6770581 9345273 X 0 0 0 0 4599830 -408880 4599830 -408880 11370411 8936393 X -4789060 -219650 X 0 1 1 X 0 X X X 0 0 0 Jewish Federation of Metropolitan Chicago 362167761 7 1 0 1 0 0 Due to Jewish Federation of Metropolitan Chicago 1300000 1300000 Description of Uncertain Tax Positions Under FIN 48: Part X: Goodman Family Foundation (the Foundation) is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and applicable state law. The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the Foundation may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. At June 30, 2012 and 2011, there were no unrecognized tax benefits identified or recorded as liabilities. The Foundation files Form 990 in the U.S. federal jurisdiction and the State of Illinois. The Foundation is generally no longer subject to examination by the Internal Revenue Service for years before 2009. 1 The iCenter 85 Revere Dr Suite I Northbrook NY 60062 501(c)(3) 2291765 General operating support American Associates Ben Gurion University of the Negev Inc 1001 Ave of Americas 19th FL New York NY 10018 237270753 501(c)(3) 3000000 General operating support 2 0 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Foundation staff perform due diligence on all organizations seeking grants from the Foundation and review grant compliance each year. 0 1 0 0 0 0 0 0 0 David S Rosen 0 278152 0 0 0 12665 0 114632 0 8276 0 413725 0 0 Part I, Line 4b David Rosen: The Jewish Federation has an agreement with David Rosen which provides for annual payments of $25,000 per year beginning in 2018 and lasting for ten years. Form 990, Part VI, Section A, line 6 The by-laws stipulate that members of the foundation are divided into two classes: the donor member and the publicly supported organization member, which is the Jewish Federation of Metropolitan Chicago. Form 990, Part VI, Section A, line 7a The board of directors consists of 5 total persons, 2 of whom are elected by the donor member and 3 of whom are elected by the publicly supported organization member pursuant to its established procedures. Form 990, Part VI, Section B, line 11 A board member and officer appointed by Jewish Federation reviewed the Form 990 prior to filing. Form 990, Part VI, Section B, line 12c A conflict of interest questionnaire is circulated to all board members on an annual basis. This process is managed by the foundation's secretary who ensures that all questionnaires are completed. The completed questionnaires are reviewed and any conflicts are disclosed to the board of directors. If a director does have a conflict or business relationship, he or she is required to abstain from any votes related to that matter. Form 990, Part VI, Section C, line 19 Upon Request Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized losses on investments: -219,650. Jewish Federation of Metropolitan Chicago 30 South Wells Suite 4049 Chicago IL 60606 362167761 Social Welfare Institution IL 501(C)(3) Line 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0