2018-08-15T14:39:04-05:00 2017-09-30 420714325 RSM US LLP 4 TIMES SQUARE NEW YORK NY 10036 990 2016-10-01 237270753 AMERICAN ASSOCIATES BEN-GURION UNIVERSITY OF THE NEGEV INC AMER 2126877721 1001 AVENUE OF THE AMERICAS 19TH FL NEW YORK NY 10018 JULIA NELSON CFO 2126877721 2018-08-15 1 LYNNE JOHNSON P00757336 2123721000 2016 2022-09-23 18:48:47Z TONI YOUNG 1001 AVENUE OF THE AMERICAS 19TH FL NEW YORK NY 10018 432339431 0 X WWW.AABGU.ORG X 1973 NY AABGU PLAYS A VITAL ROLE IN CREATING A WORLD CLASS UNIVERSITY IN THE ISRAELI DESERT. 75 74 56 130 -320 -320 246404632 295123562 0 0 9547697 15478522 -72919 -72476 255879410 310529608 39789973 37898395 0 0 5603155 5778744 30000 30000 5944099 3697603 4085129 49120731 47792268 206758679 262737340 439788824 735668070 18160782 34796474 421628042 700871596 AABGU PLAYS A VITAL ROLE IN SUSTAINING DAVID BEN GURION'S VISION, CREATING A WORLD CLASS INSTITUTION OF EDUCATION AND RESEARCH IN THE ISRAELI DESERT, NURTURING THE NEGEV COMMUNITY AND SHARING THE UNIVERSITY'S EXPERTISE LOCALLY AND AROUND THE GLOBE. 0 0 37738195 37738195 SUPPORT FOR BEN-GURION UNIVERSITY INCLUDED GRANTS FOR ACADEMIC RESEARCH, HONORS PROGRAMS, SCHOLARSHIPS, BUILDINGS (INCLUDING DORMITORIES AND RESEARCH FACILITIES), EQUIPMENT AND OTHER CAPITAL PROJECTS, COMMUNITY OUTREACH EFFORTS AND SPECIFIC PROGRAMS AT THE UNIVERSITY'S MEDICAL SCHOOL, BUSINESS SCHOOL, AND INSTITUTES FOR DESERT RESEARCH AND WATER RESEARCH. 534677 160200 AABGU'S OVERSEAS STUDENT PROGRAM RECRUITS STUDENTS FROM THE U.S. TO STUDY AT BEN-GURION UNIVERSITY IN ISRAEL. 254578 THE AABGU ZIN FELLOWS LEADERSHIP DEVELOPMENT PROGRAM IS A TWO-YEAR PROGRAM, INCORPORATING TWO IN-PERSON GATHERINGS IN THE UNITED STATES FOLLOWED BY A TRIP TO ISRAEL. EACH ZIN FELLOWS CLASS CONSISTS OF 15 TO 20 OUTSTANDING INDIVIDUALS, AGES 35 TO 50, CURRENT AND FUTURE COMMUNITY LEADERS FROM ACROSS THE UNITED STATES, WHO ARE INTERESTED IN A NEW AND UNIQUE OPPORTUNITY TO BE ENGAGED IN THE FUTURE OF ISRAEL THROUGH THEIR CONNECTION TO THE NEGEV REGION. 38527450 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 1 1 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 29 0 1 56 1 0 0 0 0 0 1 1 0 0 0 0 X 75 74 1 0 0 0 0 0 0 1 1 0 1 0 1 1 1 1 1 1 1 0 0 AK AL AR AZ CA CO CT DC FL GA HI IL KS KY LA MA MD ME MI MS MN NC ND NJ NH NY OH OK OR PA RI SC TN VA VT WA WI WV X X JULIA A NELSON 6464523690 1001 AVENUE OF THE AMERICAS 19TH FL NEW YORK NY 10018 X ZVI ALON PAST PRESIDENT 1.00 X 0 0 0 ROBERT ARNOW PAST PRESIDENT 1.00 X 0 0 0 JOSHUA ARNOW DIRECTOR 1.00 X 0 0 0 ARNOLD BENGIS DIRECTOR 1.00 X 0 0 0 DAVA BERKMAN DIRECTOR 1.00 X 0 0 0 JACK BERSHAD DIRECTOR 1.00 X 0 0 0 DAVID BRESLAUER DIRECTOR 1.00 X 0 0 0 JAMES BRESLAUER DIRECTOR 1.00 X 0 0 0 SYLVIA BRODSKY DIRECTOR 1.00 X 0 0 0 RIVA COLLINS DIRECTOR 1.00 X 0 0 0 ROBERT COLTON DIRECTOR 1.00 X 0 0 0 NEIL DAVIDOWITZ DIRECTOR 1.00 X 0 0 0 JACOB DAYAN VICE PRESIDENT 1.00 X X 0 0 0 MARCI DOLLINGER DIRECTOR 1.00 X 0 0 0 ROCHELLE ETINGIN DIRECTOR 1.00 X 0 0 0 ANTHONY FELZEN DIRECTOR 1.00 X 0 0 0 STEVEN FINKELMAN DIRECTOR 1.00 X 0 0 0 STEWART FLINK DIRECTOR 1.00 X 0 0 0 DEBBIE FOX DIRECTOR 1.00 X 0 0 0 DODI FROMSON DIRECTOR 1.00 X 0 0 0 LIS GAINES PAST PRESIDENT 1.00 X 0 0 0 STANLEY GINSBURG VICE PRESIDENT 1.00 X X 0 0 0 LLOYD GOLDMAN PAST PRESIDENT 1.00 X 0 0 0 ALEXANDER GOREN PAST PRESIDENT 1.00 X 0 0 0 ANDREA GOREN DIRECTOR 1.00 X 0 0 0 ELIZABETH GRZEBINSKI DIRECTOR 1.00 X 0 0 0 JANE GURAL-SENDERS DIRECTOR 1.00 X 0 0 0 WILLIAM HANDY DIRECTOR 1.00 X 0 0 0 ARTHUR HESSEL DIRECTOR 1.00 X 0 0 0 IRA INGERMAN TREASURER 3.00 X X 0 0 0 MARVIN ISRAELOW DIRECTOR 1.00 X 0 0 0 WILLIAM JOEL DIRECTOR 1.00 X 0 0 0 EDWARD KAPLAN DIRECTOR 1.00 X 0 0 0 LEON KAPLAN DIRECTOR 1.00 X 0 0 0 BARRY KAYNE DIRECTOR 1.00 X 0 0 0 CAROL KIMMEL DIRECTOR 1.00 X 0 0 0 DOUGLAS KRUPP DIRECTOR 1.00 X 0 0 0 DONNA LAM SECRETARY 1.00 X X 0 0 0 MARIBETH LERNER DIRECTOR 1.00 X 0 0 0 MICHELE LEVIN DIRECTOR 1.00 X 0 0 0 NAT LEVY DIRECTOR 1.00 X 0 0 0 JAN ABBY LIFF DIRECTOR 1.00 X 0 0 0 SHELDON LONDON DIRECTOR 1.00 X 0 0 0 ELLEN MARCUS VICE PRESIDENT 1.00 X X 0 0 0 JOANNE MOORE VICE PRESIDENT 1.00 X X 0 0 0 HOLLY NELSON DIRECTOR 1.00 X 0 0 0 ALAN NEWMAN DIRECTOR 1.00 X 0 0 0 MARJORIE OFFER DIRECTOR 1.00 X 0 0 0 JOEL REINSTEIN VICE PRESIDENT 1.00 X X 0 0 0 GABRIEL RUBANENKO DIRECTOR 1.00 X 0 0 0 CAROL SAAL PAST PRESIDENT 1.00 X 0 0 0 LITE SABIN DIRECTOR 1.00 X 0 0 0 JONATHAN SACK DIRECTOR 1.00 X 0 0 0 SHERRIE SAVETT DIRECTOR 1.00 X 0 0 0 MAX SCHECHNER DIRECTOR 1.00 X 0 0 0 ERNEST SCHELLER JR VICE PRESIDENT 1.00 X X 0 0 0 JAYNIE SCHULTZ DIRECTOR 1.00 X 0 0 0 JOEL SHALOWITZ DIRECTOR 1.00 X 0 0 0 BRUCE SHOLK DIRECTOR 1.00 X 0 0 0 MURRAY SHUSTERMAN DIRECTOR (DEC'D 12/5/16) 1.00 X 0 0 0 FREDERICK SIEGMUND VICE PRESIDENT 1.00 X X 111217 0 0 JESSICA SILLINS VICE PRESIDENT 1.00 X X 0 0 0 CRAIG SIMON DIRECTOR 1.00 X 0 0 0 LINDA SIMON DIRECTOR 1.00 X 0 0 0 HARRIET SOFFA DIRECTOR 1.00 X 0 0 0 KATHLEEN SPITZER DIRECTOR 1.00 X 0 0 0 ROBIN TOUBIN STEIN DIRECTOR 1.00 X 0 0 0 ILANA SUBAR DIRECTOR 1.00 X 0 0 0 CHARLES TEMEL DIRECTOR 1.00 X 0 0 0 IRA WAGNER DIRECTOR 1.00 X 0 0 0 MARTIN WEINBERG DIRECTOR 1.00 X 0 0 0 WAYNE WOODMAN DIRECTOR 1.00 X 0 0 0 TONI YOUNG PRESIDENT 5.00 X X 0 0 0 MICHAEL ZEIGER DIRECTOR 1.00 X 0 0 0 ROBERT ZIPKIN DIRECTOR 1.00 X 0 0 0 ROY ZUCKERBERG DIRECTOR 1.00 X 0 0 0 DORON KRAKOW THRU 4117 EXECUTIVE VICE PRESIDENT 40.00 X 425032 0 38431 JULIA NELSON CHIEF FINANCIAL & ADMIN. OFFICER 40.00 X 212210 0 9524 PHILIP S GOMPERTS REGIONAL DIRECTOR 40.00 X 274968 0 46657 KEVIN LEOPOLD EXECUTIVE DIRECTOR NORTHEAST 40.00 X 249026 0 55263 CLAIRE WINICK REGIONAL DIRECTOR 40.00 X 175180 0 34878 DAPHNA NOILY PHILANTHROPIC ADVISOR 24.00 X 171727 0 21137 ANDREW HOFFER MAJOR GIFTS DIRECTOR 40.00 X 192190 0 43058 DIANE ROMIROWSKY MAJOR GIFTS DIRECTOR 40.00 X 171728 0 15257 RONNI MORDECHAI-STRONGIN MARKETING 40.00 X 152157 0 47968 ANDREA MEISELES DIRECTOR OVERSEAS STUDENT PROGRAM 40.00 X 138021 0 24924 KEREN WARANCH REGIONAL DIRECTOR 40.00 X 125713 0 37929 2399169 0 375026 19 0 1 0 DAVID LEIBOWITZ 11 STONE HILL BLOOMFIELD CT 06002 EVENT-TOUR PLANNING 142418 RSM US LLP 5155 PAYSPHERE CIRCLE CHICAGO IL 60674 AUDIT FEES 117469 FRED SIEGMUND 270 MADISON AVE NEW YORK NY 10016 LEGAL FEES 111217 PROSPECTIVE CORP 8 HAVEN AVE221 PORT WASHINGTON NY 11050 PUBLIC RELATIONS 103730 4 55346 295068216 274057015 295123562 14777812 -320 14778132 122360289 121659579 700710 700710 700710 77400 55346 150244 -72844 -72844 MISCELLANEOUS INCOME 900099 368 368 368 310529608 0 -320 15406366 160200 160200 37738195 37738195 1687311 129700 580695 976916 3297625 116200 617368 2564057 194391 9720 44708 139963 308966 15446 71061 222459 290451 14522 66804 209125 83119 83119 134000 134000 30000 30000 455650 455650 404814 218838 185976 629440 31472 94416 503552 79982 3999 31992 43991 78934 23680 45782 9472 686408 377524 308884 420882 226329 10862 183691 368800 40568 7376 320856 65406 65406 90550 90550 DIRECT MAIL CAMPAIGN 223383 223383 TEMPORARY HELP 125250 125250 E-PHILANTHROPY 20765 20765 217746 17419 178553 21774 47792268 38527450 3320719 5944099 125458 138890 14314069 6526348 93829481 305249650 121933 218511 899058 607094 348877 291964 188113867 84320550 138088112 334984899 4847027 3937258 439788824 735668070 821926 602723 17338856 34193751 18160782 34796474 X 13199666 16247706 84904581 85479147 323523795 599144743 421628042 700871596 439788824 735668070 X 262737340 15609889 896325 X 0 1 X 1 0 X 20710583 37840966 43453517 38518782 29371022 169894870 20710583 37840966 43453517 38518782 29371022 169894870 11817800 158077070 13316312 10341070 1519551 6582595 14777812 46537340 87352 113034 61250 80295 77768 419699 216851909 0.72900 0.74030 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SPECIAL EVENT GROSS INCOME MISC INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 999106 426414 X 0 306485960 60000333 30471112 13233764 392870 383330771 163754207 131068091 16603147 4843763 95722 306485960 169734809 5405725 -3531229 7770001 85097 163754207 156542451 13764926 11584887 12075878 81577 169734809 142405172 5153922 14021180 4973046 64777 156542451 0.87570 0.12430 1 0 552857 292240 260617 249607 221509 28098 96594 93345 3249 291964 INVESTMENTS HELD IN ISRAEL 145982756 F US TREASURIES AND OTHER BONDS 71473341 F INVESTMENT FUNDS AT NET ASSET VALUE 117528802 C 334984899 DUE TO BEN-GURION UNIVERSITY 17972302 OTHER LIABILITIES 55308 OBLIGATIONS UNDER SPLIT-INTEREST AGREEMENTS 15742956 DEFERRED LEASE OBLIGATIONS AND INCENTIVE 423185 34193751 X 327035822 15609889 896325 16506214 310529608 0 310529608 47792268 0 47792268 0 47792268 PART III, LINE 4: COLLECTION OF SEVERAL THOUSAND BOOKS AND OTHER PUBLICATIONS ON HERPETOLOGY DONATED TO AABGU; THEY ARE ON LONG TERM LOAN AT NO CHARGE TO BEN-GURION UNIVERSITY, AND THE BOOK VALUE IS $999,106. AN ART DEALER DONATED OVER 100 PAINTINGS VALUED AT $509,540 IN 2008. SINCE THEN AABGU HAS BEEN SELLING THESE PAINTINGS. THE BOOK VALUE OF UNSOLD PAINTINGS IS $426,414. PART V, LINE 4: THE ENDOWMENT FUNDS ARE INTENDED TO PROVIDE SCHOLARSHIPS AND FELLOWSHIPS FOR STUDENTS AT BEN-GURION UNIVERSITY; TO SUPPORT RESEARCH IN A VARIETY OF ACADEMIC FIELDS AT BEN-GURION UNIVERSITY; TO SUPPORT THE MEDICAL SCHOOL, BUSINESS SCHOOL, DESERT STUDIES PROGRAMS AND OTHER POST GRADUATE PROGRAMS AT BEN-GURION UNIVERSITY. PART X, LINE 2: AABGU QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE IRC), AND IS A PUBLICLY SUPPORTED CHARITABLE ORGANIZATION AS DESCRIBED IN SECTION 509(A)(1) OF THE IRC. AABGU IS NOT CLASSIFIED AS A PRIVATE FOUNDATION, AND IS SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT), IF APPLICABLE. FOR THE YEARS ENDED SEPTEMBER 30, 2017 AND 2016, AABGU DID NOT OWE ANY UBIT. MANAGEMENT HAS EVALUATED AABGU'S TAX POSITIONS AND CONCLUDED THAT AABGU HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT OR DISCLOSURE TO THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, AABGU IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2014, WHICH IS THE STANDARD STATUTE OF LIMITATIONS LOOK-BACK PERIOD. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -960,354. CPI ADJUSTMENT 1,856,679. FORM 990, SCHEDULE D, PART V, LINE 3A ENDOWMENTS HELD IN ISRAEL ARE EITHER TEMPORARILY RESTRICTED OR PERMANENTLY RESTRICTED GIFTS THAT HAVE BEEN TRANSMITTED TO BEN-GURION UNIVERSITY OF THE NEGEV ("BGU"), AND ARE MAINTAINED BY BGU ON BEHALF OF AABGU. EXCEPT FOR CERTAIN ENDOWMENT FUNDS WHICH REQUIRE THAT A PORTION OF THE EARNINGS BE REINVESTED IN THE ENDOWMENT FUND, ALL EARNINGS ON THE ENDOWMENTS MAINTAINED BY BGU ON BEHALF OF AABGU ARE AVAILABLE, AT THE DIRECTION OF AABGU, FOR SCHOLARSHIPS AND OTHER PROJECTS OF BGU. 1 MIDDLE EAST AND NORTH AFRICA INVESTMENTS 145982756 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 45796925 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES SPECIFIC TYPES OF SERVICES IN REGION: PAYMENTS TO VENDORS IN ISRAEL FOR ACCOUNTING SERVICES TO AUDIT GRANTS, STAFF TRAVEL TO ISRAEL/MEETINGS/RETREAT, MISSIONS FOR DONORS AND BOARD MEETING, INCLUDING MEDIA, CYBER AND ZIN FELLOW MISSION, AND BOARD OF GOV. MEETING 321082 MIDDLE EAST AND NORTH AFRICA GRANTS TO RECIPIENTS LOCATED IN THE REGION 37738195 0 0 0 0 0 0 229838958 0 229838958 MIDDLE EAST AND NORTH AFRICA ACADEMIC CHAIRS 345170 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA ACADEMIC PRIZES 5700 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA ACADEMIC RESEARCH 3673478 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA CAPITAL PROJECTS 5209670 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA COMMUNITY OUTREACH 1125781 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA DESERT STUDIES 1660554 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA LIBRARY SUPPORT 1341 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA MEDICAL SCHOOL AND HEALTH SERVICES 3235514 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA SCHOLARSHIPS 1459149 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA UNIVERSITY OPERATIONS 626009 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA NEW ENDOWMENTS IN FY 2017 14645959 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA EARNINGS DISTRIBUTIONS 5749870 WIRE TRANSFER 1 1 0 1 0 1 0 PART I, LINE 2: AABGU RETAINS AN ACCOUNTING FIRM IN ISRAEL TO AUDIT THE UTILIZATION OF FUNDS GRANTED TO BEN-GURION UNIVERSITY (BGU). THIS ACCOUNTING FIRM ANNUALLY RECONCILES ALL GRANTS BY CATEGORY OF USE, PERFORMS TESTING TO SEE IF GRANTED FUNDS ARE APPLIED PROPERLY AND BIANNUALLY PROVIDES AABGU WITH A FULL AUDIT REPORT WITH THE RESULTS OF THE RECONCILIATION AND TESTING PROCEDURES. IN ADDITION, FOR MAJOR GRANTS, AABGU REQUESTS ANNUAL REPORTS FROM BGU ON HOW FUNDS WERE USED THAT YEAR. IN A FEW CASES AABGU FORMS OVERSIGHT COMMITTEES, COMPRISED OF SOME MEMBERS OF ITS BOARD, TO TRACK THE PROGRESS OF PROJECTS FUNDED BY AABGU GRANTS. X X X X X 1 AB DATA LTD 600 AB DATA DRIVE MILWAUKEE WI 53217 DIRECT MAIL SOLICITATIONS 1 316666 30000 286666 316666 30000 286666 AK AL AR CA CO CT DC FL GA HI IL KS KY MA MD ME MI MS MN NC ND NJ NH NM NY OH OK OR PA RI SC TN UT VA WA WI WV MA DINNER 76212 43812 32400 3131 1000 31118 1310 36997 TX DINNER 56534 11534 45000 855 3416 58465 2590 11362 0 132746 55346 77400 3986 4416 89583 3900 48359 150244 -72844 1 SCHOLARSHIPS 14 160200 PART I, LINE 2: AABGU HAS A PROCEDURE WHERE STUDENTS HAVE TO APPLY FOR SCHOLARSHIPS. AABGU STAFF REVIEW THE APPLICATIONS AND MAKE RECOMMENDATIONS. THE RECOMMENDATIONS ARE REVIEWED BY A COMMITTEE AND SCHOLARSHIPS ARE AWARDED. IN MOST CASES THE SCHOLARSHIP AWARDS ARE NOT GIVEN DIRECTLY TO THE STUDENTS, THE CASH IS SENT TO A BANK ACCOUNT BGU MAINTAINS IN THE U.S. WITH A NOTE TO BGU EXPLAINING WHAT AMOUNTS HAVE BEEN AWARDED TO WHICH STUDENTS. IN MOST CASES, FULL SCHOLARSHIPS ARE NOT AWARDED, ONLY PARTIAL SCHOLARSHIPS. AABGU MAKES SURE THAT STUDENTS HAVE IN FACT ENROLLED IN THE PROGRAM AND PAID THEIR SHARE OF TUITION BEFORE SCHOLARSHIPS ARE AWARDED. IN A FEW CASES SCHOLARSHIP MONIES ARE DISBURSED DIRECTLY TO THE STUDENTS. X X X X 0 0 0 0 0 0 0 1 0 DORON KRAKOW THRU 4117 EXECUTIVE VICE PRESIDENT 425032 0 0 0 0 0 36462 0 1969 0 463463 0 0 0 JULIA NELSON CHIEF FINANCIAL & ADMIN. OFFICER 211843 0 0 0 367 0 0 0 9524 0 221734 0 0 0 PHILIP S GOMPERTS REGIONAL DIRECTOR 272743 0 0 0 2225 0 26198 0 20459 0 321625 0 0 0 KEVIN LEOPOLD EXECUTIVE DIRECTOR NORTHEAST 248864 0 0 0 162 0 26006 0 29257 0 304289 0 0 0 CLAIRE WINICK REGIONAL DIRECTOR 172955 0 0 0 2225 0 17655 0 17223 0 210058 0 0 0 DAPHNA NOILY PHILANTHROPIC ADVISOR 170660 0 0 0 1067 0 12000 0 9137 0 192864 0 0 0 ANDREW HOFFER MAJOR GIFTS DIRECTOR 190942 0 1000 0 248 0 9931 0 33127 0 235248 0 0 0 DIANE ROMIROWSKY MAJOR GIFTS DIRECTOR 171264 0 0 0 464 0 8805 0 6452 0 186985 0 0 0 RONNI MORDECHAI-STRONGIN MARKETING 150693 0 1000 0 464 0 15096 0 32872 0 200125 0 0 0 ANDREA MEISELES DIRECTOR OVERSEAS STUDENT PROGRAM 137557 0 0 0 464 0 11424 0 13500 0 162945 0 0 0 KEREN WARANCH REGIONAL DIRECTOR 125610 0 0 0 103 0 8503 0 29426 0 163642 0 0 0 PART I, LINE 7 AABGU INCLUDES A MERIT POOL IN ITS ANNUAL BUDGET. IN CALENDAR 2016 THE FOLLOWING EMPLOYEES RECEIVED ONE TIME BONUSES IN THE AMOUNT SHOWN - IN EACH CASE FOR OUTSTANDING PERFORMANCE: RONNI MORDECHAI-STRONGIN - $1,000 ANDREW HOFFER - $1,000 X 177814 FMV X 86 273879201 FMV 0 0 1 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS SHOWN ABOVE REPRESENTS THE TOTAL NUMBER OF STOCK DONATIONS DURING THE YEAR. PART I, LINE 32B: A DONOR GAVE AABGU NEARLY A HUNDRED PAINTINGS WHICH HAVE BEEN CONSIGNED TO AN ART DEALER TO SELL OVER TIME AS MARKET CONDITIONS PERMIT. FORM 990, PART VI, SECTION A, LINE 2 1. ROBERT ARNOW AND JOSHUA ARNOW, BOARD MEMBERS, HAVE A FAMILY RELATIONSHIP. 2. JAMES BRESLAUER AND DAVID BRESLAUER, BOARD MEMBERS, HAVE A FAMILY RELATIONSHIP. 4. ALEXANDER GOREN AND ANDREA GOREN, BOARD MEMBERS, HAVE A FAMILY RELATIONSHIP. 5. ERNEST SCHELLER AND WAYNE WOODMAN, BOARD MEMBERS, HAVE A FAMILY RELATIONSHIP. 6. CRAIG SIMON AND LINDA SIMON, BOARD MEMBERS, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 10B AABGU HAS REGIONAL ADVISORY BOARDS IN SOME PARTS OF THE COUNTRY WHERE IT HAS SIGNIFICANT NUMBERS OF SUPPORTERS. THE COMPLIANCE OF REGIONAL ADVISORY BOARDS WITH POLICIES AND PROCEDURES OF THE NATIONAL ORGANIZATION IS ASSURED IN TWO WAYS: 1. REGIONAL ADVISORY BOARDS ARE GUIDED BY AABGU'S PROFESSIONAL DEVELOPMENT STAFF. 2. REGIONAL ADVISORY BOARDS INCLUDE ONE OR MORE MEMBERS OF AABGU'S NATIONAL BOARD (WHICH IS AABGU'S GOVERNING BODY). FORM 990, PART VI, SECTION B, LINE 11B THE REVIEW PROCESS FOR AABGU'S DRAFT 990 (BEFORE FILING) IS THAT THE BOARD'S AUDIT COMMITTEE REVIEWS THE DOCUMENT IN ITS ENTIRETY AND THE 990 IS NOT FILED UNTIL THE AUDIT COMMITTEE IS SATISFIED THAT IT IS IN ORDER. AFTER THE AUDIT COMMITTEE REVIEWS THE DRAFT 990, IT IS POSTED TO THE BOARD OF DIRECTORS SECTION OF THE AABGU WEBSITE, AND BOARD MEMBERS ARE NOTIFIED IN ADVANCE BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C PROCEDURES RELATED TO AABGU'S CONFLICT OF INTEREST POLICY ARE AS FOLLOWS: 1. PRIOR TO THE BOARD'S ANNUAL MEETING, CONFLICT OF INTEREST DISCLOSURE FORMS ARE DISTRIBUTED TO BOARD MEMBERS AND OFFICERS. 2. COMPLETED FORMS ARE COLLECTED AT THE ANNUAL MEETING. 3. THE PROFESSIONAL STAFF FOLLOWS UP WITH ANY BOARD MEMBER AND OFFICERS AT THE ANNUAL MEETING TO OBTAIN A COMPLETED CONFLICT OF INTEREST DISCLOSURE FORM. KEY EMPLOYEES ARE AWARE AND SUBJECT TO CONFLICT OF INTEREST POLICY AND PROCEDURES PER AABGU'S CONFLICT OF INTEREST POLICY. 4. THE CFO REVIEWS THE COMPLETED FORMS FOR ANY EXISTING OR POTENTIAL CONFLICTS AND IF ONE EXISTS, APPROPRIATE FOLLOW UP ACTION IS UNDERTAKEN AS SET FORTH IN THE POLICY. THE ORGANIZATION'S CONFLICT OF INTEREST POLICY REQUIRES THAT INDIVIDUALS WITH CONFLICTS OF INTEREST WITH RESPECT TO A TRANSACTION OR ACTION MAY NOT PARTICIPATE IN THE DISCUSSION AND DECISION-MAKING WITH RESPECT TO THAT TRANSACTION OR ACTION. FORM 990, PART VI, SECTION B, LINE 15A AABGU HAS A COMPENSATION COMMITTEE. AABGU'S BY-LAWS PROVIDE: THE COMPENSATION COMMITTEE SHALL BE RESPONSIBLE FOR MAKING COMPENSATION RECOMMENDATIONS FOR THE CHIEF EXECUTIVE OFFICER. IT SHALL PRESCRIBE POLICY STANDARDS WITH RESPECT TO PERFORMANCE, ESTABLISH CRITERIA FOR SUPPLEMENTAL BENEFITS AND PERQUISITES, ALL RELATIVE TO MARKET COMPETITIVENESS. THE RECOMMENDATIONS SHALL BE MADE AVAILABLE TO THE EXECUTIVE COMMITTEE FOR APPROVAL. THE CFO ANNUALLY PREPARES AN ANALYSIS OF THE COMPENSATION OF EXECUTIVE DIRECTORS OR CEOS OF THE OTHER "FRIENDS OF ISRAELI UNIVERSITIES ORGANIZATIONS BASED ON THE MOST RECENTLY AVAILABLE 990S. THIS ANALYSIS IS PROVIDED TO THE COMPENSATION COMMITTEE IN ADVANCE OF ANY DELIBERATIONS WITH REGARD TO THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER. FORM 990, PART VI, SECTION C, LINE 19 AABGU MAKES ITS AUDITED FINANCIAL STATEMENTS AND KEY GOVERNANCE DOCUMENTS AND POLICIES AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). AABGU POSTS A COPY OF THE 990 AND ITS AUDITED FINANCIAL STATEMENTS TO ITS WEBSITE. FORM 990, PART VII, SECTION A FREDERICK SIEGMUND, AABGU BOARD MEMBER AND ASSISTANT SECRETARY, ALSO PROVIDES LEGAL COUNSEL TO THE ORGANIZATION. HIS COMPENSATION SHOWN ON PART VII IS FOR HIS SERVICES PROVIDED TO THE ORGANIZATION AS LEGAL COUNSEL AND NOT FOR HIS BOARD SERVICE. FORM 990, PART VII THE ORGANIZATION, IN A FULL TRANSPARENCY POSTURE TO REPORTING, IS REPORTING ALL BENEFITS IN FULL IN PART VII, COLUMN F, AND NOT APPLYING THE $10,000 PER ITEM EXCEPTION FOR CERTAIN BENEFITS. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -960,354. CPI ADJUSTMENT 1,856,679. CHARITABLE REMAINDER TRUSTS (5) CHARITABLE TRUST NY AABGU 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0