2018-05-09T11:57:18-05:00 2017-09-30 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2016-10-01 131568923 American Friends of Hebrew University Inc % ELISSA FISHMAN AMER 2126078500 ONE BATTERY PARK PLAZA NEW YORK NY 100041435 BETH MCCOY Nat'l Exe. Director 2126078500 2018-05-09 true Scott Thompsett P00741490 2125990100 2016 2022-09-23 18:48:47Z Beth Asnien McCoy - Exec Dir ONE BATTERY PARK PLAZA 25TH FL NEW YORK NY 100041435 175190529 false X WWW.AFHU.ORG X 1931 NY TO SUPPORT the HEBREW UNIVERSITY OF Jerusalem, ISRAEL'S FOREMOST CENTER OF HIGHER education & RESEARCH. 61 61 83 146 -214 -6074 44487791 47972620 302562 266483 17784920 23714490 -445974 -365875 62129299 71587718 48602726 46192803 0 0 8568003 8958864 186500 187362 7594046 4790035 5584848 62147264 60923877 -17965 10663841 613108939 676277773 39151303 39276141 573957636 637001632 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 THE 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 THE 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 INTER false false 48955996 46192803 266483 THE AMERICAN FRIENDS OF THE HEBREW UNIVERSITY'S (AFHU) PRIMARY EXEMPT PURPOSE IS TO PROMOTE, ENCOURAGE, AID AND ADVANCE HIGHER AND SECONDARY EDUCATION, RESEARCH AND TRAINING IN ALL BRANCHES OF KNOWLEDGE IN ISRAEL AND ELSEWHERE, AND TO AID IN THE MAINTENANCE AND DEVELOPMENT OF THE HEBREW UNIVERSITY OF JERUSALEM IN THE STATE OF ISRAEL (THE "HEBREW UNIVERSITY"). GRANTS AWARDED TO HEBREW UNIVERSITY INCLUDE, BUT ARE NOT LIMITED TO, THOSE FOR SCHOLARSHIPS AND FELLOWSHIPS, RESEARCH, CAPITAL PROJECTS, FACULTY RECRUITMENT, AND EQUIPMENT. 48955996 true true false false false true false false false true true true false true true true false true false false true true false true true false false true false true false false false false false false false false true false false false false true true true false false true X 76 0 true 83 true true true true IS false false false true true false false false false false false false X 61 61 true false false false false false false true true false false true true true true true true true true false AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X X ELISSA FISHMAN 2126078569 ONE BATTERY PARK 25TH FL NEW YORK NY 10004 X Daniel I Schlessinger Board Chair (from 05/2017) 10.0 0.0 X X 0 0 0 Ernest Bogen Vice President (thru 5/2017) 1.0 0.0 X X 0 0 0 Rita Bogen Vice President (thru 5/2017) 1.0 0.0 X X 0 0 0 Charles H Goodman vice president 1.0 0.0 X X 0 0 0 Kenneth L Stein Esq vice president 1.0 0.0 X X 0 0 0 Ronald M Zimmerman Vice president 1.0 0.0 X X 0 0 0 Michael S Kurtz Board Chair (THRU 05/2017) 5.0 0.0 X X 0 0 0 Pamela N Emmerich Secretary 1.0 0.0 X X 0 0 0 Joshua Olshin Treasurer 5.0 0.0 X X 0 0 0 Frances Katz Vice Chair/Assist. Treasurer 1.0 0.0 X X 0 0 0 Renae Jacobs-Anson Director 1.0 0.0 X 0 0 0 John H Bauman Director 1.0 0.0 X 0 0 0 Diane Belfer Director 1.0 0.0 X 0 0 0 James Blum Director 1.0 0.0 X 0 0 0 Stanley M Bogen Director 1.0 0.5 X 0 0 0 Joyce Brandman Director 1.0 0.0 X 0 0 0 Scott Burg Director (thru 5/2017) 1.0 0.0 X 0 0 0 Michael Cypers Director 1.0 0.0 X 0 0 0 I STEVEN EDELSON Director 1.0 0.0 X 0 0 0 Alan P Fiske Director 1.0 0.0 X 0 0 0 Michael J Freed Director 1.0 0.0 X 0 0 0 Patricia L Glaser Director 1.0 0.0 X 0 0 0 Steven Good Director 1.0 0.0 X 0 0 0 Mark Gordon Director 1.0 0.0 X 0 0 0 Brindell Gottlieb Director 1.0 0.0 X 0 0 0 Arthur Gutterman Director 1.0 0.0 X 0 0 0 Nancy Hamburger Director 1.0 0.0 X 0 0 0 Dr William H Isacoff Director 1.0 0.0 X 0 0 0 Emma Joels Director 1.0 0.0 X 0 0 0 Marvin Jubas Director 1.0 0.0 X 0 0 0 Clive Kabatznik Director 1.0 0.0 X 0 0 0 BRAD S KARP Director 1.0 0.0 X 0 0 0 MYRON KAUFMAN Director 1.0 0.0 X 0 0 0 William Kilberg Director 1.0 0.0 X 0 0 0 Ellen Klersfeld Director 1.0 0.0 X 0 0 0 Harvey M Krueger Director (thru 5/2017) 1.0 0.0 X 0 0 0 Helen Jacobs-Lepor Director 1.0 0.0 X 0 0 0 Barry H Lippman Director 1.0 0.0 X 0 0 0 Michael Lobel Director 1.0 0.0 X 0 0 0 Barbara A Mandel Director 1.0 0.0 X 0 0 0 Mindy Mann Director 1.0 0.0 X 0 0 0 Ruth Flinkman-Marandy Director 1.0 0.0 X 0 0 0 James E Matanky Director 1.0 0.0 X 0 0 0 Marc O Mayer President (from 05/2017) 1.0 0.0 X X 0 0 0 Beno Michel Director 1.0 0.0 X 0 0 0 LEONA Z ROSENBERG Director 1.0 0.0 X 0 0 0 Steven C Rubinow Director 1.0 0.0 X 0 0 0 Keith L sachs Director 1.0 0.5 X 0 0 0 Sam Sandler Director 1.0 0.0 X 0 0 0 George A Schieren Director 1.0 0.0 X 0 0 0 Lynne G Silbert Director 1.0 0.0 X 0 0 0 JOHN SIFFERT Director (thru 5/2017) 1.0 0.0 X 0 0 0 David Bruce Smith Director 1.0 0.0 X 0 0 0 Ira Lee Sorkin Director 1.0 0.5 X 0 0 0 Eric C Stein Director 1.0 0.0 X 0 0 0 Marla Lerner Tanenbaum Director 1.0 0.0 X 0 0 0 Mary Ann Tuft Director 1.0 0.0 X 0 0 0 Mark Vidergauz Director 1.0 0.0 X 0 0 0 Richard S Ziman VICE CHAIR 1.0 0.0 X X 0 0 0 Annette Blum Director 1.0 0.0 X 0 0 0 Julie Gal DIRECTOR 1.0 0.0 X 0 0 0 Mark Genender DIRECTOR 1.0 0.0 X 0 0 0 Richard Goodman DIRECTOR 1.0 0.0 X 0 0 0 Jessica Zwaiman Lerner DIRECTOR 1.0 0.0 X 0 0 0 Herbert L Sachs DIRECTOR 1.0 0.0 X 0 0 0 Robert Snyder DIRECTOR 1.0 0.0 X 0 0 0 LAWRENCE ZWEIFACH director (thru 5/2017) 1.0 0.0 X 0 0 0 MITCHELL L SHADOWITZ DIRECTOR (THRU 5/2017) 1.0 0.0 X 0 0 0 BETH MCCOY NATIONAL executive Director 50.0 0.5 X 549954 0 56554 ELISSA FISHMAN CFO (AS OF 01/2017) 50.0 0.0 X 0 0 0 Peggy Porta Interim CFO (Thru 01/2017) 50.0 0.0 X 50875 0 0 MONICA LOEBL Nat'l Director of Development 50.0 0.0 X 262978 0 33632 SHERI KAUFER ASSOC. EXE. DIR. WEST REGION 40.0 0.0 X 225204 0 41833 SUZANNE PONSOT Executive Director NY Region 40.0 0.0 X 300238 0 47821 DANIEL RUTBERG CHIEF OPERATING OFFICER 40.0 0.0 X 224706 0 46018 JUDITH SHENKMAN EXECUTIVE DIRECTOR MW REGION 40.0 0.0 X 189657 0 53369 Eileen Hume CHIEF MARKETING OFFICER 40.0 0.0 X 182290 0 32635 JANE KAMPTON FORMER CFO 0.0 0.0 X 162378 0 39035 2148280 0 350897 16 true true true Oberland Inc 254 Canal Street Suite 5000 NEW YORK NY 10013 Marketing & Advert. 1073748 Donor PointBKVDRUM 3390 Peachtree Road NE 10th Floor ATLANTA GA 30326 Digital Marketing 384868 Grant Thornton LLP 757 Third Avenue 9th Floor NEW YORK NY 10017 Auditing & Tax 246099 SECURITY CAPITAL RES AND MGMT CHASE TOWER 10 SOUTH DEARBON STREE CHICAGO IL 60603 INVST. MGMT. FEES 191793 ONLINE COMPUTERS AND COMMUNICATIONS 110 SOUTH JEFFERSON ROAD SUITE 200 WHIPPANY NJ 07981 INFO TECH CONSULTING 184134 9 744600 678000 26372 46523648 2262833 47972620 REGISTRATION FEES 900099 266483 266483 266483 11391388 -214 11391602 0 50975 50975 33823 33823 0 33823 33823 115180000 102856898 12323102 12323102 12323102 295240 744600 745913 -450673 -450673 0 0 0 0 0 0 0 71587718 266483 -214 23348829 84315 84315 0 0 46108488 46108488 0 1169505 216048 390643 562814 0 6021915 962631 1653194 3406090 278469 40596 90600 147273 995060 149042 375697 470321 493915 79457 145511 268947 60125 60125 61034 6491 32302 22241 243675 243675 0 187362 187362 270714 270714 823582 58017 421216 344349 914997 122845 79 792073 385167 50111 171040 164016 103788 3429 83736 16623 0 822233 130400 259504 432329 209337 43129 21091 145117 0 200832 45017 47848 107967 0 0 74578 8934 32123 33521 103988 16266 33586 54136 EVENTS 795119 795119 DIRECT MAIL 338011 338011 PRINTING AND LETTERSHOP 136441 30712 21157 84572 MISCELLANEOUS 41227 4949 19994 16284 60923877 48955996 4373835 7594046 1443424 3240508 12117989 6058813 22010917 19842019 0 0 0 0 0 0 0 0 0 0 0 0 6352153 3351884 3073087 3000269 480233292 520283464 42028793 66155039 0 0 0 0 52201437 57697661 613108939 676277773 1350205 1418036 24621752 23253299 0 0 0 0 0 0 0 0 0 0 0 0 13179346 14604806 39151303 39276141 X 5008402 9087761 218346159 265649654 350603075 362264217 573957636 637001632 613108939 676277773 X 10663841 49145370 3234785 X false true X true false X 28860295 35889010 37166347 44487791 47972620 194376063 0 0 28860295 35889010 37166347 44487791 47972620 194376063 28425278 165950785 11977819 10735176 12179623 11964032 11476186 58332836 6449 4761 3297 0 14507 485377 238005 350805 230980 295240 1600407 254323813 1520396 0.65252 0.64273 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2 20000 321481 true true 520684239 11828917 65505803 19725544 578293415 479000447 7932644 54551329 20800181 520684239 511810897 5905147 -17146534 20732668 836395 479000447 475284266 5110097 51136710 21986676 -2266500 511810897 445798076 5926830 51532696 27973336 475284266 0.87900 0.12100 true false 2344800 0 2344800 520216 0 520216 1444442 1403322 41120 662670 574936 87734 0 1030025 1023626 6399 3000269 STATE OF ISRAEL BONDS 2566605 F PRIVATE EQUITY 4092613 F VENTURE CAPITAL 5784849 F HEDGE FUNDS 53710972 F 66155039 TRUST & SPLIT INT AGREEMENTS 56114044 INT RECEIVABLE & OTHER ASSETS 1168007 OTHER LONG-TERM ASSETS 315801 DUE FROM AFHU CH. COMMON FUND 99809 57697661 0 SPLIT INTEREST AGREEMENT 13864312 POST RETIREMENT BENEFIT OBLIGATION 740494 14604806 X 123881349 49145370 3234785 52380155 71501194 270714 -184190 86524 71587718 60837353 184190 184190 60653163 270714 270714 60923877 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 $341,245 Gifts to Other Charitable Institutions ($10,000) Gifts to hu/afhu ($10,000) -------------------------------------------------------- Aggregated Grants Reported on Part I, Line 3 ($20,000) Unrealized Gains/(loss) ($17,947) Income and Dividends $18,183 -------------------------------------------------------- Total Changes ($19,764) End of Year Balance $321,481 Endowments funds schedule d, part V, Line 4 The American Friends of Hebrew University holds an endowment for the purpose of generating income that will ultimately be used to support the Hebrew University's educational mission. 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 guidance 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 assessment of the tax position is based solely on the technical merits of the position, without the regard to the likelihood that the tax position may be challenged. The Organization is exempt from income tax under Internal Revenue Code section 501(c)(3), though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Code. 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. The Organization has determined that there are no material uncertain tax positions that require recognition or disclosure in the consolidated financial statements. Consolidated Financial Statements Schedule D, Part XI & XII 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 ("CCF"). CCF files its own standalone Form 990-PF and, accordingly, its activities are not included in the Schedule D reconciliation. The reconciliations in Part XI & XII reconcile back to AFHU's standalone activity in the audited financial statements. reconciliation of revenue Schedule D, Part XI line 2D, other revenue on books not on return: Change in value of split-interest agreement $1,556,592 Change in assets of trusts and other split-interest agreements $1,644,200 Pension related expenses other than net periodic pension cost $ 33,993 ---------- TOTAL Line 2D $3,234,785 ---------- Schedule D, Part XI, Line 4B, Other Revenue on return not on books: Fundraising Expense - Events $(450,673) Registration Fees reclassed from events $ 266,483 ---------- Total line 4B $(184,190) ---------- reconciliation of expenses Schedule D, Part XII, Line 2D, Expenses on books not on return: Fundraising expense - events $ 450,673 Registration fees reclassed from events $(266,483) ---------- Total line 2(D) $ 184,190 ---------- true Middle East and North Africa Grantmaking 46108488 Central America and the Caribbean Investments 36038688 82147176 82147176 Middle East and North Africa General 46000950 wire Middle East and North Africa GENERAL 69597 check Middle East and North Africa Research 37941 wire 3 true false true 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 THE AMERICAN FRIENDS OF HEBREW UNIVERSITY (AFHU) INVESTS DIRECTLY IN VARIOUS ALTERNATIVE INVESTMENTS THAT MAY BE ORGANIZED AS EITHER FOREIGN CORPORATIONS OR FOREIGN PARTNERSHIPS; IT, LIKEWISE, INVESTS IN DOMESTIC LIMITED PARTNERSHIPS THAT MAY, IN TURN, INVEST IN FOREIGN CORPORATIONS OR PARTNERSHIPS. NEVERTHELESS, AFHU'S INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR THE FILING OF FORMS 926, 5471, 8621, OR 8865. TO THE EXTENT THAT AFHU IS REQUIRED TO COMPLETE ONE (OR MORE) OF THESE FOREIGN FORMS, IT IS FILED WITH AFHU'S FORM 990-T FILING. X X X X X X X true Neal P Myerberg 179 Shore Road Old Greenwich CT 06870 Planned Giving false 3972684 99125 3873559 Donor Point MarketingBKV 3390 PEACHTREE ROAD NE 10TH FLOOR ATLANTA GA 30326 Direct Mail Services false 314759 88237 226522 4287443 187362 4100081 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI NY TOL Lunch 232750 186150 46600 101592 12708 24926 LA TOL Dinner 419450 307450 112000 106502 20844 72381 17 387640 251000 136640 178853 89093 139014 1039840 744600 295240 386947 122645 236321 745913 -450673 true BOSTON UNIVERSITY SCHOOL OF MEDICINE 715 ALBANY STREET BOSTON MA 02118 942539545 501(c)(3) 34625 STUDENT EXCHANGE PROGRAM BETWEEN HADASSAH & BOSTON UNIVERSITY Hadassah medical organization 50 west 58th street new york NY 10019 132563745 501(c)(3) 25660 prosthesis The Jewish Federation 6505 Wilshire Blvd Los Angeles CA 90048 956111928 501(c)(3) 10000 General purposes American Technion Society 55 E 59th St 14th Fl New York NY 10022 130434195 501(c)(3) 14030 Scholarship 4 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 THAT UNDERTAKE PROGRAMMATIC ACTIVITIES SUPPORTING AFHU, NO ADDITIONAL MONITORING PROCEDURES ARE IN PLACE. X false true X X X X false false false false false false false true false BETH MCCOY NATIONAL executive Director 458237 0 67500 0 24217 0 23850 0 32704 0 606508 0 0 0 JANE KAMPTON FORMER CFO 162378 0 0 0 0 0 15114 0 23921 0 201413 0 0 0 MONICA LOEBL Nat'l Director of Development 237978 0 25000 0 0 0 21270 0 12362 0 296610 0 0 0 SHERI KAUFER ASSOC. EXE. DIR. WEST REGION 205204 0 20000 0 0 0 18831 0 23002 0 267037 0 0 0 SUZANNE PONSOT Executive Director NY Region 285238 0 15000 0 0 0 11925 0 35896 0 348059 0 0 0 DANIEL RUTBERG CHIEF OPERATING OFFICER 209706 0 15000 0 0 0 10227 0 35791 0 270724 0 0 0 JUDITH SHENKMAN EXECUTIVE DIRECTOR MW REGION 179657 0 10000 0 0 0 16858 0 36511 0 243026 0 0 0 Eileen Hume CHIEF MARKETING OFFICER 174790 0 7500 0 0 0 0 0 32635 0 214925 0 0 0 Peggy Porta Interim CFO (Thru 01/2017) 50875 0 0 0 0 0 0 0 0 0 50875 0 0 0 FORM 990, SCHEDULE J, PART I, line 1 The National Executive Director, Beth McCoy, received a tax gross-up in calendar year 2016. The amount is included on her 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 CALENDAR YEAR 2016. 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 EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE IS COMPRISED OF THE ABOVE-MENTIONED 3 BOARD MEMBERS AND AN ADDITIONAL 17 BOARD MEMBERS. THE EXECUTIVE 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. FINAL APPROVED RECOMMENDATIONS, AND PROVIDES MINUTES OF THE MEETING. X 36 2219398 cost or sale price X state of Israel Bonds 3 43435 cost or sale price false true true FORM 990, SCHEDULE M, LINE 32(A) TO THE EXTENT THAT AFHU RECEIVES NONCASH CONTRIBUTIONS OF MARKETABLE SECURITIES, THE ORGANIZATION'S INVESTMENT CUSTODIAN IS TASKED WITH DISPOSING OF THOSE SECURITIES. FAMILY RELATIONSHIP DISCLOSURE FORM 990, PART VI, SECTION A, LINE 2 ERNEST BOGEN, VICE PRESIDENT AND RITA BOGEN, VICE PRESIDENT HAVE A FAMILY RELATIONSHIP. ERNEST BOGEN, VICE PRESIDENT AND STANLEY M. BOGEN, DIRECTOR HAVE A FAMILY RELATIONSHIP. KEN STEIN, VICE PRESIDENT AND ERIC STEIN, DIRECTOR HAVE A FAMILY RELATIONSHIP. 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 FINANCE DEPARTMENT. In April of 2018, the organizations outside accounting firm presented the Form 990 to the Audit Committee of the board of Directors to enable them to fulfill their due diligence and oversight responsibilities. Once approved for filing by the Audit Committee, the Form 990 is 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 EXECUTIVE COMMITTEE FOR APPROVAL. THE EXECUTIVE COMMITTEE IS COMPRISED OF THE ABOVE-MENTIONED 3 BOARD MEMBERS AND AN ADDITIONAL 17 BOARD MEMBERS. THE FINAL APPROVAL RESTS WITH THE EXECUTIVE 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 EXECUTIVE COMMITTEE. THE FINAL APPROVAL RESTS WITH THE EXECUTIVE 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. Part VII - Interim CFO's compensation Peggy Porta served as the organization's Interim Chief Financial Officer from June 2016 to January 2017. During that time, Ms. Porta was the employee of a thrid party accounting consulting firm and AFHU paid that third party for Ms. Porta's services. The compensation reported in Part VII, column (d) represents amounts paid to the third party accounting consulting firm for Ms. Porta's services. Ms. Porta did not receive either a W-2 or a 1099 from AFHU. FORM 990 - BOARD RELATIONSHIPS AFHU HOLDS MARKETABLE SECURITIES WITH AN APPROXIMATE VALUE OF $6,651,049 IN A NON-POOLED ENDOWMENT FUND WHICH IS UNDER THE CONTROL OF THE DONOR AND BOARD MEMBER STANLEY BOGEN. THE ORGANIZATION DOES NOT PAY ANY INVESTMENT MANAGEMENT FEES TO THE BOARD MEMBER'S FIRM; ACCORDINGLY THIS TRANSACTION DOES NOT NEED TO BE DISCLOSED ON FORM 990, SCHEDULE L. IN THE INTERESTS OF FULL DISCLOSURE, AFHU IS REPORTING THESE RELATIONSHIPS ON ITS FORM 990. AFHU HAD AN INVESTMENT IN BETAVISOR, LLC WITH AN APPROXIMATE FMV OF $10,129,671 OF WHICH RANDY KURTZ - CHIEF INVESTMENT OFFICER IS THE SON OF MICHAEL KURTZ, Board Chair. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 CHANGES IN VALUE OF SPLIT-INTEREST AGREEMENTS $1,556,592 CHANGES IN ASSETS OF TRUSTS AND OTHER SPLIT-INTEREST AGREEMENTS HELD BY OTHERS $1,644,200 PENSION RELATED EXPENSES OTHER THAN NET PERIODIC PENSION COST $ 33,993 ----------- TOTAL $3,234,785 ----------- AFHU CHARITABLE COMMON FUND one battery park plaza new york NY 10004 133525587 Donor Advised NY 501(c)(3) private fdn afhu true HEBREW UNIVERSITY OF JERUSALEM Mt Scopus Campus JERUSALEM IS 91905 237285905 EDUCATION IS 501(c)(3) school NA false Charitable Remainder Annuity trust (6) Investment AFHU 1.00000 true Charitable Remainder Unitrust (13) Investment AFHU 1.00000 true false true true false false false false false false false true false true true true false false false AFHU CHARITABLE COMMON FUND C 678000 FMV