2011-05-13T13:12:09-04:00 2010-09-30 GRANT THORNTON LLP 666 THIRD AVENUE NEW YORK NY 100174011 990 2009-10-01 131568923 American Friends of Hebrew University Inc AMER 2126078500 ONE BATTERY PARK PLAZA NEW YORK NY 100041435 PETER WILLNER 2126078500 2011-05-13 true 2125429609 2009 2016-02-24 21:20:13Z PETER WILLNER NATL EXEC DIR ONE BATTERY PARK PLAZA 25TH FL NEW YORK NY 10004 217038165 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. 64 64 77 250 36934 1127 32577498 35400161 0 0 -22980472 11258980 -522761 -296249 9074265 46362892 27639543 31943700 0 0 6940725 6518051 0 149577 6910593 4132125 3474744 38712393 42086072 -29638128 4276820 446231640 481902912 35728681 35113172 410502959 446789740 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 31943700 31943700 0 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. 31943700 true true false false true false false false 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 false false false true 55 0 true 77 true true true true IS false false false true true false false false false false false 64 64 true false true false false false false true true false false true true true true true true true true false CA DC FL HI IL MD MA MI MN NJ NY NC PA RI UT VA X X JANE KAMPTON CONTROLLER 2126078569 ONE BATTERY PARK PLAZA 25TH FL NEW YORK NY 10004 Martin E Karlinsky 10.0 X X 0 0 0 George A Schieren 5.0 X X 0 0 0 Michael A Lobel 5.0 X X 0 0 0 Joshua M Olshin 1.0 X X 0 0 0 Rita Bogen 1.0 X X 0 0 0 Ernest Bogen 1.0 X X 0 0 0 Ambassador William A Brown 1.0 X X 0 0 0 Charles H Goodman 1.0 X X 0 0 0 Michael Jesselson 1.0 X X 0 0 0 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 Stanley M Bogen 1.0 X 0 0 0 Joyce Brandman 1.0 X 0 0 0 Scott Burg 1.0 X 0 0 0 Leonard D Cordes 1.0 X 0 0 0 Robert A Densen 1.0 X 0 0 0 Pamela Emmerich 1.0 X X 0 0 0 Alan Fiske 1.0 X 0 0 0 Ruth Flinkman 1.0 X 0 0 0 Michael J Foley 1.0 X 0 0 0 Michael J Freed 1.0 X 0 0 0 Patricia L Glaser 1.0 X 0 0 0 Lawrence E Glick 1.0 X X 0 0 0 John A Golieb 1.0 X 0 0 0 Steven Good 1.0 X 0 0 0 Mark R Gordon 1.0 X X 0 0 0 Alex Halberstein 1.0 X 0 0 0 Nancy Hamburger 1.0 X 0 0 0 William H Isacoff 1.0 X 0 0 0 Renae Jacobs-Anson 1.0 X 0 0 0 Emma Joels 1.0 X 0 0 0 Marvin Jubas 1.0 X 0 0 0 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 A Sidney Katz Esq 1.0 X 0 0 0 Frances Katz 1.0 X X 0 0 0 Harvey M Krueger 1.0 X 0 0 0 Michael S Kurtz 1.0 X X 0 0 0 Fred S Lafer 1.0 X 0 0 0 Senator Frank Lautenberg 1.0 X 0 0 0 Marla Lerner Tanenbaum 1.0 X 0 0 0 Barry Lippman 1.0 X 0 0 0 Harold Magid 1.0 X 0 0 0 Barbara A Mandel 1.0 X 0 0 0 James E Matanky 1.0 X 0 0 0 Mark A Ratner 1.0 X 0 0 0 Leona Z Rosenberg 1.0 X 0 0 0 Keith L Sachs 1.0 X 0 0 0 Daniel I schlessinger 1.0 X 0 0 0 Daniel Schultz 1.0 X 0 0 0 David Bruce Smith 1.0 X 0 0 0 Samuel H Solomon 1.0 X 0 0 0 Mr Jerold S Solovy 1.0 X 0 0 0 Ira Lee Sorkin 1.0 X 0 0 0 Eric Stein 1.0 X 0 0 0 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 X 0 0 0 Martin Zelman 1.0 X 0 0 0 Richard S Ziman 1.0 X X 0 0 0 PETER WILLNER 50.0 X 446684 0 22634 JAMES L ROTHKOPF 50.0 X 275598 0 20648 JANE KAMPTON 50.0 X 171383 0 19891 Beth McCoy 40.0 X 245689 0 22055 Jacqueline Glodstein 40.0 X 192425 0 20603 Jill Moskowitz 40.0 X 181960 0 4136 Matthew Ross 40.0 X 176935 0 19739 Beth Kyman 40.0 X 164539 0 9264 1855213 0 138970 21 false true false GRANT THORNTON LLP 666 THIRD AVENUE NEW YORK NY 10017 AUDITING/Accounting 153710 Security Capital Research Managem Chase Tower 10 South Dearbon Avenu CHICAGO IL 60603 Investment Mgmt 213172 2 1133788 132103 259000 33875270 331670 35400161 0 8917477 36934 8880543 0 0 171801646 300000 169503379 256764 2298267 43236 2341503 2341503 587830 1133788 915130 -327300 -327300 0 0 MANAGEMENT FEE 900099 26403 26403 REFUNDED UBI TAXES 900099 4648 4648 31051 46362892 36934 10925797 215928 215928 3000 3000 31724772 31724772 0 944194 716229 227965 0 4415920 1087599 3328321 27056 12529 14527 776515 293726 482789 354366 119929 234437 36563 6892 29671 122059 60021 62038 60711 60711 0 149577 149577 290576 290576 150344 56604 93740 182324 184 182140 295854 68339 227515 20706 10672 10034 0 625354 202399 422955 313940 77317 236623 33946 33946 76594 10802 65792 0 0 196220 101514 94706 95008 34125 60883 EVENTS 508195 508195 DIRECT MAIL 281813 281813 PRINTING AND LETTERSHOP 140881 4858 136023 MISCELLANEOUS 43656 16753 26903 42086072 31943700 3231779 6910593 44870 94827 8176366 10368345 23645891 27143600 6336954 2606694 4130507 3730260 363412237 384269287 32523301 41028480 14298468 15268113 446231640 481902912 1989934 1603855 27278410 25957934 6460337 7551383 35728681 35113172 X -47176 5092560 123977319 152635789 286572816 289061391 410502959 446789740 446231640 481902912 X false true true X false X 30384056 38309157 45792868 32577498 35400161 182463740 30384056 38309157 45792868 32577498 35400161 182463740 21395893 161067847 11242966 10889905 10324062 8041153 8918023 49416109 282327 625625 512232 411193 614233 2445610 234325459 0.68737 0.74978 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7 -15486 895572 true true 333991000 1452000 33944000 11981000 357406000 335098000 3092000 4734000 8933000 333991000 0.77210 0.22790 false false 2344794 2344794 870227 350000 520227 1379002 806957 572045 1169568 1065690 103878 573363 384047 189316 3730260 STATE OF ISRAEL BONDS 3409938 F ALTERNATIVE INVESTMENTS 37618542 F 41028480 0 SPLIT INTEREST AGREEMENT 6762025 OTHER 789358 7551383 46362892 42086072 4276820 31772578 237384 32009962 36286782 78403629 31772578 564684 32337262 46066367 290576 5949 296525 46362892 42116847 327300 327300 41789547 290576 5949 296525 42086072 ENDOWMENT FUNDS FORM 990, SCHEDULE D, PART V In September 2010, New York State passed its own version of UPMIFA ("NYPMIFA") that applies to AFHU's fiscal 2010 financial statements. Accordingly, certain amounts in the 2009 financial statements and footnote disclosures with respect to the organization's endowment have been reclassified to conform with the 2010 financial statement presentation. AFHU has adjusted its Schedule d, Part V endowment disclosure to conform to the audited financial statement presentation. Line 1b - Included in contributions is approximately $3.5 million of re-designations. Actual contributions is close to $4.9 million. RECONCILIATION OF CHANGE IN NET ASSETS FORM 990, SCHEDULE D, PART XI LINE 8: CHANGES IN VALUE OF SPLIT-INTEREST AGREEMENTS 247,998 PENSION RELATED EXPENSES (10,614) TOTAL 237,384 ========== RECONCILIATION OF REVENUE FORM 990, SCHEDULE D, PART XII LINE 2D - Other revenue on books not on return: CHANGES IN VALUE OF SPLIT-INTEREST AGREEMENTS 247,998 PENSION RELATED EXPENSES (10,614) Net expenses from fundraising activities reclassed to Part VIII 327,300 ---------- TOTAL 564,684 ========== Line 4B: reclass legal expenses 5,949 ---------- TOTAL 5,949 ========== RECONCILIATION OF EXPENSES FORM 990, SCHEDULE D, PART XIII Line 2d - Other expenses on books not on return: Net expenses from fundraising activities reclassed to Part VIII (327,300) Line 4B: Reclass of legal expenses from revenue 5,949 ========== Income taxes Form 990, Schedule D, Part X, Line 2 The income taxes topic number 740, "Income Taxes" of the FASB Accounting Standards Codification ("Codification") establishes criterion that an individual tax position has to meet for some or all the benefits of that position to be recognized in an entity's financial statements. On initial application, this criterion will be applied to all tax positions for which the statute of limitations remains open. Only tax positions that meet the "more-likely-than-not" recognition threshold at the adoption date will be recognized or continue to be recognized. The effectiveness for applying this criterion was adopted by the Organization on October 1, 2009, and had no material impact on the Organization's financial statements. The tax years ended 2007, 2008, and 2009 are still open to audit. The Organization has processes currently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; determine its filing and tax obligations in jurisdictions for which it has nexus; and to review other matters that may be considered tax positions. Donor advised funds Form 990, Schedule D, Part I AFHU's prior year donor advised funds disclosure in Schedule D inadvertently omitted one fund. Accordingly, the organization has included the omitted fund this year and adjusted its opening balance to $911,058. Consolidated Financial Statements Schedule D, Partx 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). Gifts to Other Charitable Institutions -$33,450 Gifts to Other Educational Institutions -$1,000 Management Fees -$14,400 Unrealized Gains $15,313 Dividends $18,051 Total -15,486 true Middle East and North Africa 0 0 Program Services GRANT MAKING 31724772 East Asia and the Pacific Investments 0 0 31724772 Middle East/North Africa General Purposes, Scholarships, Research, Capital Projects. 31655763 Middle East/North Africa GENERAL PURPOSES of school 30957 Middle East/North Africa Research in experimental surgery by the Medical Faculty and for Lectureship. 38051 3 0 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. X X X true Lautman Maska Neill Co Direct Mail Consulting false 331621 81750 249871 Stanford Group Direct Mail Consulting false 64228 40827 23401 Myerberg Shain Associates Planned Giving false 271000 27000 96411 666849 149577 369683 CA DC FL HI IL MD MA MI MN NJ NY NC PA RI UT VA Award Dinner 390500 308180 82320 98605 33529 L.A. Gala 323625 237875 85750 63153 11600 50542 21 1007493 587733 419760 458878 26584 172239 1721618 1133788 587830 620636 38184 256310 915130 -327300 true BOSTON UNIVERSITY SCHOOL OF MEDICINE 50 WEST 58TH STREET NEW YORK NY 100192500 942539545 501(C)(3) 33757 Student exchange program between Hadassah & Boston University CONGREGATION KOL SHOFAR 215 BLACKFIELD DRIVE TIBURON CA 94920 136110872 501(C)(3) 13500 General Purposes HADASSAH MEDICAL ORGANIZATION 50 WEST 58TH STREET NEW YORK NY 100192500 132563745 501(C)(3) 25734 Morton Amsterdam Chair in Periodential prosthesis in the school of Dental Medicine. THE JERUSALEM FOUNDATION 420 LEXINGTON AVENUE SUITE 1645 NEW YORK NY 10170 311529945 501(C)(3) 95000 Science & Math Enrichment Programs for High School Girls. THE HUNTINGTON LIBRARY COLLECTION 1151 OXFORD ROAD SAN MARINO CA 91108 951644589 501(c)(3) 10000 General purposes Jewish national fund 42 East 69th Street New York NY 10021 131659627 501(c)(3) 26987 General purposes 6 0 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 true true X X X false false false false false false false false false PETER WILLNER 430028 0 0 0 16656 0 4240 0 18394 0 469318 0 0 0 JAMES L ROTHKOPF 275598 0 0 0 0 0 2120 0 18528 0 296246 0 0 0 JANE KAMPTON 171383 0 0 0 0 0 1497 0 18394 0 191274 0 0 0 Beth McCoy 245689 0 0 0 0 0 2917 0 19138 0 267744 0 0 0 Jacqueline Glodstein 192425 0 0 0 0 0 1688 0 18915 0 213028 0 0 0 Jill Moskowitz 181960 0 0 0 0 0 1543 0 2593 0 186096 0 0 0 Matthew Ross 176935 0 0 0 0 0 1499 0 18240 0 196674 0 0 0 Beth Kyman 164539 0 0 0 0 0 1355 0 7909 0 173803 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. X 31 331670 cost or sale price 0 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. FORM 990, PART VI, 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. FORM 990, PART VI, LINE 4 During the Board of Directors meeting that was held on Tuesday September 21, 2010, the following motions were approved: 1. A resolution that Article V. Section 2 vi (Audit Committee) of the By-Laws were amended to add a concluding sentence that reads: The Audit Committee shall have the responsibility to perform a Form 990 review at the conclusion of each fiscal year. 2. Article VI, Officers - Section 1. Number and Qualification of Officers was amended to read, "The officers of the corporation shall be the President, a Chairman of the Board of Directors, one or more Vice Chairmen of the Board of Directors, a National Campaign Chair, a Chairman of the Executive Committee, one or more Vice Presidents, a Treasurer, one or more Assistant Treasurers, a Secretary, and one or more Assistant Secretaries, all of whom shall be chosen from among the members of the Board of Directors." 3. Article VI, Officers - Section 3. Term of Office was amended to read, "The President, Chairman of the Board of Directors, National Campaign Chair and Chairman of the Executive Committee shall not hold the same office for more than four (4) consecutive years." 4. Article III, Board of Directors, Section 4. Powers and Duties, the third paragraph was amended to read, (i) review by the Board of Directors, either directly or with the aid of a grants committee, of all requests for funds (ii) ratification by the Board of Directors of all projects approved by the Grants Committee and of all grants and contributions to be made by the corporation, and (iii) the inclusion in all grants of a condition that the grantee shall furnish a periodic accounting to the Board of Directors of the expenditure of the funds transmitted by the corporation and a condition that representatives of the corporation may at reasonable times inspect the project in order to determine whether the terms of the project or grant are being met. 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. 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. FORM 990, PART VI, LINE 15 The American Friends of The Hebrew University Management Committee comprised of officers of the corporation (Chairman, President, Vice-President, Treasurer, Chairman of the Audit Committee, etc.) meets monthly and is empowered by the Board of Directors to review and approve the organization's business decisions and policies. In addition, the Management Committee determines compensation for all senior level employees. 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. Form 990 - Board Relationships AFHU holds an investment with an approximate value of $1 million with Rexford Industrial. Board member, Richard Ziman, is a principal with Rexford Industrial. The organization did not pay fees that exceeded the threshold necessary for reporting on form 990, Schedule L. In the interests of full disclosure, AFHU is reporting this relationship on its Form 990. Payment to Officials Form 990, Part IX From time to time, consistent the Organization's general mission, the Organization plans and operates missions to The Hebrew University and to Israel in which sitting federal and state judges sometimes participate for the purpose of education in law and law-related fields such as national security, as well as exposure to The Hebrew University and to international politics and the Middle East. The Organization pays the travel and related expenses of the participating jurists. AFHU CHARITABLE COMMON FUND one battery park plaza new york NY 10004 133525587 support AFHU NY 501(c)(3) private fdn HEBREW UNIVERSITY OF JERUSALEM Mt Scopus Campus JERUSALEM IS 91905 237285905 EDUCATION IS 501(c)(3) school false true true false false false false false false false true true true true true true false false