2020-08-14T08:42:26-05:00 2019-09-30 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2018-10-01 464198975 AMERICAN Friends OF BAR-ILAN UNIVERSITY INC % DANIEL ENGEL AMER 2129063900 160 East 56th Street New York NY 10022 SUSAN SOLOMON coo 6315771867 2020-08-13 true Scott Thompsett P00741490 2125990100 69.119.144.65 26377520202275000002 2020-08-14 P 7D14034AF515942D2ABE7F7E27EA16D2649DB046 A87539D75D44546F9E81755E19BD8DC508F41D5E 2018 2020-09-23 17:36:50Z NINA HANAN 160 East 56th Street New York NY 10022 17659344 false X www.AFBIU.org X 2012 NY The American Friends of Bar-Ilan's primary exempt mission is to fundraise and develop philanthropic donors within the U.S. to support Bar-ilan University in Israel. 42 42 19 42 0 0 10245090 8699311 4700000 4700000 730906 375460 4373 0 15680369 13774771 11221108 12295080 0 0 3086202 2826806 0 0 3419242 1657186 1439324 15964496 16561210 -284127 -2786439 42252793 39519048 3567288 4097291 38685505 35421757 X THE AMERICAN FRIENDS OF BAR-ILAN'S PRIMARY EXEMPT MISSION IS TO FUNDRAISE AND DEVELOP PHILANTHROPIC DONORS WITHIN THE U.S. TO SUPPORT BAR-ILAN UNIVERSITY IN ISRAEL. false false 12295080 12295080 4700000 THE AMERICAN FRIENDS OF BAR-ILAN UNIVERSITY (AFBIU) DEVELOPS PHILANTHROPIC SUPPORT FOR BAR-ILAN UNIVERSITY (BIU) IN ISRAEL. AFBIU SEEKS CONTRIBUTIONS AT ALL LEVELS OF GIVING FROM INDIVIDUALS, FAMILIES, FOUNDATIONS AND BUSINESSES WHO EMBRACE THE UNIVERSITY'S MISSION-UNIQUE AMONG ISRAELI UNIVERSITIES-TO PROVIDE STUDENTS WITH Top-LEVEL EDUCATIONAL EXPERIENCES IN AN ACADEMIC ENVIRONMENT INFUSED WITH JEWISH VALUES AND A LOVE OF THE STATE OF ISRAEL. HISTORICALLY, THE AMERICAN FRIENDS OF BAR-ILAN HAS OPERATED AS A FUNDRAISING DIVISION WITHIN BAR-ILAN UNIVERSITY, SERVING TO BROADEN THE UNIVERSITY'S DONOR BASE IN THE UNITED STATES AND CULTIVATE A SUSTAINED STREAM OF FUNDING. Over 60 years ago, American donors envisioned this University, and stepped forward to make it a reality. Since then, AFBIU HAS BEEN A VITAL PARTNER IN SUPPORT OF THE UNIVERSITY'S MISSION TO CREATE a world class University with strength in STEM, law, education and the humanities, that, unique to the Universitys values, requires A CORE CURRICULUM THAT PROVIDES A DIVERSE GROUP OF STUDENTS WITH A COMMON BASIC UNDERSTANDING OF THEIR JEWISH HERITAGE, HISTORY AND CULTURE, AS WELL AS OF THE ZIONIST VALUES WHICH UNDERPIN THE STATE OF ISRAEL. TODAY, AFBIU HAS DEVELOPED ITS OWN IDENTITY SEPARATE FROM ITS PARENT ORGANIZATION, BIU. AFBIU HAS OBTAINED ITS OWN SECTION 501(C)(3) TAX EXEMPTION FROM THE INTERNAL REVENUE SERVICE AND IS OPERATING INDEPENDENTLY FROM BIU. AFBIU REPRESENTS THE UNIVERSITY'S INTERESTS IN THE UNITED STATES; OUR FUNDING OF ACADEMIC PROJECTS, FACILITIES, RETURNING SCIENTISTS AND SCHOLARSHIPS THROUGH ANNUAL CONTRIBUTIONS AND PLANNED GIFTS ARE LAYING A FOUNDATION OF SUPPORT THAT WILL SUSTAIN THE UNIVERSITY FOR GENERATIONS TO COME. 12295080 true true false false false false false false false true true true false true true true false true false false true true false false false false false false false true false false false false false false false false true false false false false true false false false true 19 0 true 19 true false false false false false false false false false false false false X 42 42 true false false false false false false true true false false true true true true true true true true false NY X X DANIEL ENGEL 2129063900 160 EAST 56TH STREET new york NY 10022 Alan Zekelman Chairman 3.0 1.0 X X 0 0 0 Ronnie Stern President 3.0 1.0 X X 0 0 0 S Daniel Abraham honorary Chairman of Board 1.0 1.0 X 0 0 0 Gail Propp Vice President/Secretary 2.0 1.0 X X 0 0 0 Steven P Rosenberg Vice President/Treasurer 1.0 1.0 X X 0 0 0 Peter Rzepka honorary President 1.0 1.0 X 0 0 0 Michael G Jesselson honorary Pres./Assoc Treasurer 2.0 4.0 X X 0 0 0 Jane Stern Lebell honorary President 1.0 2.0 X X 0 0 0 Mordecai D Katz Vice President 1.0 1.0 X 0 0 0 Jack M Nagel Vice President (thru 10/13/18) 1.0 1.0 X X 0 0 0 Drew Parker Vice President 1.0 0.0 X X 0 0 0 Harris Bak Director 1.0 0.0 X 0 0 0 Jonathan L Blinken Director 1.0 0.0 X 0 0 0 Jack D Burstein Director 1.0 0.0 X 0 0 0 Nissim Dahan Director 1.0 1.0 X 0 0 0 Daniel Gildin Director 2.0 0.0 X 0 0 0 Eleazer Hirmes Director 1.0 1.0 X 0 0 0 Laurie M Hirsch Director 1.0 0.0 X 0 0 0 Stephen Hoffman Director 1.0 0.0 X 0 0 0 Daniel Krasner Director 1.0 0.0 X 0 0 0 Frank Lee Director 1.0 0.0 X 0 0 0 Michael Maling Director 1.0 0.0 X 0 0 0 Fred Ohebshalom Director 1.0 0.0 X 0 0 0 Ira L Rennert Director 1.0 1.0 X 0 0 0 David Sable Director 1.0 0.0 X 0 0 0 Lawrence M Schantz Director 1.0 0.0 X 0 0 0 Jay L Schottenstein Director 1.0 1.0 X 0 0 0 Moshael J Straus Director 1.0 1.0 X 0 0 0 Ronald S Tauber Director 1.0 0.0 X 0 0 0 Mitchell Wohlberg Director 1.0 1.0 X 0 0 0 Robert Nusbaum Director 1.0 0.0 X 0 0 0 Abby Doft Director 1.0 0.0 X 0 0 0 Bernice Schwartz Director 1.0 0.0 X 0 0 0 Matthew J Maryles Director 1.0 1.0 X 0 0 0 Susanne Czuker Director (As of 1/1/2019) 1.0 1.0 X 0 0 0 Ambassador Dore Gold Director (As of 1/1/2019) 1.0 0.0 X 0 0 0 Eric Gomberg Director (As of 1/1/2019) 1.0 0.0 X 0 0 0 Hadassah Lieberman Director (As of 1/1/2019) 1.0 0.0 X 0 0 0 Senator Joseph I Lieberman Director (As of 1/1/2019) 1.0 0.0 X 0 0 0 Naomi Hass-Perlman Director (As of 1/1/2019) 1.0 0.0 X 0 0 0 Ingeborg Rennert Director (As of 1/1/2019) 1.0 0.0 X 0 0 0 Nina Rosenwald Director (As of 1/1/2019) 1.0 0.0 X 0 0 0 Marion Waxman Director (As of 1/1/2019) 1.0 0.0 X 0 0 0 Susan Solomon Chief Operating officer 40.0 0.0 X 228278 0 33142 Ronald Solomon EXECUTIVE VICE PRESIDENT 40.0 0.0 X 405285 0 59736 karen Paul-ReuVen Director- West Coast Region 40.0 0.0 X 194929 0 52658 Ari Steinberg Director - Mid-West Region 40.0 0.0 X 191018 0 48291 Daniel B Engel Controller 40.0 0.0 X 152040 0 41650 Samuel Z Konig Director - Northeast Region 40.0 0.0 X 133263 0 25962 Robert Katz Former SVP For Development 0.0 0.0 X 188101 0 10819 1492914 0 272258 7 true true false Grant Thornton LLP 757 Third Avenue NEW YORK NY 10017 Accounting 125320 1 8699311 2343939 8699311 FUNDRAISING FEES 900099 4700000 4700000 4700000 453356 453356 0 0 0 0 0 3806677 3884573 -77896 -77896 -77896 0 0 0 0 0 0 0 0 0 0 13774771 4700000 375460 0 0 12295080 12295080 0 559687 69545 490142 0 1589581 216282 1373299 154664 20150 134514 387553 67027 320526 135321 19088 116233 72000 36000 36000 10473 1297 9176 128188 128188 0 0 79881 79881 132182 1404 130778 155323 155323 176272 46919 129353 0 0 329719 91424 238295 95850 9431 86419 0 63411 18941 44470 0 0 6039 6039 31847 30095 1752 MAIL CAMPAIGN 122344 0 0 122344 CONTRIBUTION PROMOTION 13074 0 0 13074 REGISTRATIONS & SUBSCRIPTION 8526 0 777 7749 MISCELLANEOUS 14195 0 4400 9795 16561210 12295080 846888 3419242 547097 948129 8146113 6784907 10771986 9024916 0 0 0 0 0 0 0 0 0 0 133832 119656 154607 141057 17039 13550 8723057 9064678 11320502 11061385 0 0 0 0 2593167 2501827 42252793 39519048 494097 393950 1091466 1602920 0 0 0 0 0 0 0 0 0 0 0 0 1981725 2100421 3567288 4097291 X 7271030 7407915 20872459 17239059 10542016 10774783 38685505 35421757 42252793 39519048 X -2786439 -289191 -188118 X false true X true false X 7389217 13383841 11320084 10245090 8699311 51037543 0 0 7389217 13383841 11320084 10245090 8699311 51037543 6080037 44957506 487579 522006 287619 344143 453356 2094703 0 0 53132246 23500000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12555671 234455 36235 375583 12450778 12014736 0 925421 384486 12555671 10834230 163197 1284158 266849 12014736 10984817 17203 661601 829391 10834230 11228769 377787 -58491 563248 10984817 0.00000 0.86810 0.13190 false false 23480 21034 2446 127858 116903 10955 3269 3120 149 13550 FUND OF FUNDS 3754018 HEDGE FUNDS 3652451 STATE OF ISRAEL 1245100 OTHER PRIVATE FUNDS 1161581 PRIVATE EQUITY 1248235 11061385 BENEFICIAL INTERESTS IN TRUSTS 2256136 CASH VALUE OF LIFE INSURANCE 185192 DUE FROM HARON DAHAN FUND 35749 OTHER RECEIVABLES 24750 2501827 0 ANNUITIES PAYABLE 1479340 DEFERRED COMPENSATION 621081 2100421 X 13199059 -289191 -206640 -495831 13694890 79881 79881 13774771 16462807 -18522 -18522 16481329 79881 79881 16561210 Schedule D, Part V: Endowment Funds The American Friends of Bar-Ilans endowment was established to provide economic support for the educational initiatives of the Bar-Ilan University in Israel, Inc. Part X, Line 2: Fin 48 AFBIU 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 guidance provides that the tax effects from an uncertain tax position can only be recognized in the financial statements if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. AFBIU is exempt from federal income tax under IRC section 501(c)(3), though it is subject to tax on income unrelated to their exempt purpose, unless that income is otherwise excluded by the Code. AFBIU has processes presently in place to ensure the maintenance of their tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations in jurisdictions for which it was nexus; and to identify and evaluate other matters that may be considered tax positions. AFBIU determined that there are no material uncertain positions that require recognition or disclosure in the financial statements. Schedule D, Part XI and XII AFBIU does not receive standalone financial statements; its operations are consolidated with an affiliated organization, The Haron Dahan Fund. The Parts XI and XII reconciliation on Schedule D tie back to AFBIU's financial information within the audited financial statements and not to the consolidated numbers. Schedule D, Part XI, Line 2d Changes in Value of Split-interest agreements $(206,640) Schedule D, Part XII, Line 2d Uncollectible Pledges $(18,522) true Middle East and North Africa Grantmaking 12295080 Central America and the Caribbean Investments 3652074 15947154 15947154 Middle East and North Africa Education 12295080 1 true false true false true false Schedule F, Part I, Grant Monitoring The critical support of the American Friends of Bar-Ilan University (AFBIU) has made Bar-Ilan University (BIU) what it is today - a bastion of Jewish Studies and a world leader in Medicine, Cybersecurity, Science, Technology, Engineering and Mathematics. Established sixty years ago, AFBIU develops vital philanthropic support for BIU. The generosity of its donors transforms dreams into realities. It funds state-of-the-art facilities and academic projects. It helps attract preeminent faculty and it offers opportunities to support unparalleled academic advancements, while promoting an appreciation of Jewish heritage and the Jewish state. AFBIU undertakes the necessary due diligence to ensure that the funds it disburses to BIU are used in a matter that furthers the University's tax-exempt mission (as well as the initial donor's wishes). AFBIU enters into written agreements with BIU to document the reporting requirements for the gifted funds and to update AFBIU as to the progress of any programs being funded. In addition, the parties periodically commission third party reviews of the grant funding to ensure that the University is using the granted money for the intended exempt purposes. Schedule F, Part IV Foreign Forms The American Friends of Bar-Ilan University, Inc. invests in various alternative investments, both domestically and internationally. While AFBIU may own these investment vehicles, its ownership in (or transfers to) these investments may not rise to the thresholds required for filing Forms 926, 8865 or 5471. To the extent that AFBIU is required to file these Forms, they are submitted along with its Form 990-T, Business Income Tax Return. X X X false false false false false false false false false Robert Katz Former SVP For Development 178870 9231 9385 1434 198920 Susan Solomon Chief Operating officer 228278 18540 14602 261420 Ronald Solomon EXECUTIVE VICE PRESIDENT 305285 100000 24750 34986 465021 karen Paul-ReuVen Director- West Coast Region 194929 18077 34581 247587 Ari Steinberg Director - Mid-West Region 191018 13843 34448 239309 Daniel B Engel Controller 152040 11025 30625 193690 Samuel Z Konig Director - Northeast Region 133263 583 25379 159225 X 9 2343939 FMV false true true Form 990, Schedule M, Line 32A To the extent That AFBIU receives any non-cash donations (usually in the form of securities, bonds, etc), the organization may employ its investment advisor to convert the investments into cash by selling them. General Statement American Friends of Bar-Ilan, Inc. (AFBIU) obtained its federal tax-exemption in September of 2014; this tax exemption is retroactive to the date of February 15, 2012. Prior to obtaining its own Section 501(c)(3) tax exemption, AFBIU was a division of Bar-Ilan University in Israel, Inc., a foreign university that does have a federal tax exemption under Section 501(c)(3) and files its own Form 990 with the Internal Revenue Service. AFBIU's financial information, governance activities and operations were previously reported on BIU's Form 990. Although AFBIU has obtained its separate tax-exempt status and compiles its own separate audited financial statements, the process of separating the assets of BIU and AFBIU has not been concluded prior to the conclusion of the AFBIU's tax year. All of the assets reported in AFBIU's financial statements are technically still owned by BIU; nevertheless, AFBIU's management has concluded that reporting its financial information within BIU's Form 990 does not provide a transparent representation of AFBIU's annual activities. Beginning with the 2014 Form 990, AFBIU is reporting its own financial information, governance activities and operations in its own standalone Form 990 to promote transparency and to provide potential donors with an accurate representation of its programmatic activities, goals and initiatives. Form 990, Part VI, Line 11b Form 990 was prepared by an independent accounting firm in conjunction with the AFBIU's financial department. A copy of the draft Form 990 was circulated to the full Board of Directors for discussion and comment. Each board member was provided ample opportunity to comment on the information contained in the 990 prior to its electronic filing with the internal revenue service. Form 990, Part VI, Line 12c 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. Potential conflicts are investigated immediately. Form 990, Part VI, Line 15a The Organization undertakes a thorough process to ensure that the executive compensation it pays to its top management official and all of its officers and key employees is reasonable. The organization board has established a compensation committee of Independent persons that have no interest in the proposed compensation agreement. The compensation committee utilizes readily available information (like peer institution Form 990s) to ensure that the organization compensates its executives commensurate with the market. 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 both www.AFBIU.org and www.guidestar.org. The organization's Financial Statements, governing documents, and conflict of interest policy are not ordinarily made available to the public, but, if requested, will be provided at management's discretion. Form 990, Part XI, Line 9 Changes in Value of Split-interest agreements (206,640) Uncollectible Pledges 18,522 Total (188,118) Form 990, Part VI, Line 2 Jane Stern Lebell & Ronnie Stern Have a Family Relationship. Drew Parker & Jack M. Nagel Have a Family Relationship. Michael G. Jesselson & Steven P. Rosenberg Have a Family Relationship. Ira Rennert & Ingeborg Rennert have a family relationship. Senator Joseph I. Lieberman & Hadassah Lieberman have a family relationship. Gail Propp & Eric Gomberg have a family relationship. haron Dahan Fund for Bar-ilan university 160 east 56th street new york NY 10022 263541989 fundraising NY 501(c)(3) 12 NA false Bar ilan University in Israel Inc 160 East 56th Street New York NY 10022 136192275 Education IS 501(c)(3) 2 na false false true false false false false false false false false false true false true true false false false false Bar-Ilan University B 12295080 Cash Bar-Ilan University L 4700000 Cash