American Friends Of The Hebrew University Inc
- Assets
- $930.7m
- Revenue
- $114.1m
- Investments
- $176.8m
- Employees
- 54
- Location
- New York, NY
- Founding
- 10/1948
- Data as of
- 09/2021
- EIN
- 13-1568923
Organization Overview
American Friends Of The Hebrew University Inc is located in New York, NY. The organization was established in 1948. According to its NTEE Classification (Q11) the organization is classified as: Single Organization Support, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 09/2022, American Friends Of The Hebrew University Inc employed 54 individuals. This organization is the central organization for a national or regional group of organizations. American Friends Of The Hebrew University Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, American Friends Of The Hebrew University Inc generated $114.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $75.4m during the year ending 09/2021. While expenses have increased by 2.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, American Friends Of The Hebrew University Inc has awarded 30 individual grants totaling $947,315. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT THE HEBREW UNIV. OF JERUSALEM, ISRAEL'S FOREMOST CENTER OF HIGHER EDU. & RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clive Kabatznik President | OfficerTrustee | 10 | $0 |
Marc O Mayer Chairman | OfficerTrustee | 10 | $0 |
Joshua Olshin Treasurer | OfficerTrustee | 5 | $0 |
Frances Katz Assistant Treasurer | OfficerTrustee | 1 | $0 |
Pamela N Emmerich Secretary | OfficerTrustee | 1 | $0 |
Kenneth L Stein ESQ Vice President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Security Capital Research & Mgmt Inc Investment Mgmt | 9/29/22 | $493,993 |
Fuse Fundraising Digital Marketing | 9/29/22 | $388,997 |
Heidrick & Struggles Recruiting | 9/29/22 | $266,958 |
Landmark Ventures Inc Event Consulting | 9/29/22 | $252,500 |
Online Computers & Communications Llc It Consulting | 9/29/22 | $245,008 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,831,083 |
| Investment income | $9,930,875 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $80,515 |
| Net Rental Income | $58,976 |
| Net Gain/Loss on Asset Sales | $55,586,819 |
| Net Income from Fundraising Events | -$380,197 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $114,114,071 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $61,634,461 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,389,773 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,401,553 |
| Pension plan accruals and contributions | $336,331 |
| Other employee benefits | $830,841 |
| Payroll taxes | $438,063 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $560,604 |
| Fees for services: Accounting | $242,064 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $230,490 |
| Fees for services: Investment Management | $631,822 |
| Fees for services: Other | $536,819 |
| Advertising and promotion | $361,138 |
| Office expenses | $289,723 |
| Information technology | $443,496 |
| Royalties | $0 |
| Occupancy | $870,231 |
| Travel | $74,840 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,516 |
| Insurance | $101,046 |
| All other expenses | $0 |
| Total functional expenses | $75,392,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,998,448 |
| Savings and temporary cash investments | $17,785,020 |
| Pledges and grants receivable | $26,599,993 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $638,115,825 |
| Investments—other securities | $176,841,700 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $57,834,521 |
| Total assets | $930,706,587 |
| Accounts payable and accrued expenses | $2,209,630 |
| Grants payable | $21,893,470 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,288,138 |
| Total liabilities | $43,391,238 |
| Net assets without donor restrictions | $27,319,905 |
| Net assets with donor restrictions | $859,995,444 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $887,315,349 |
Grants Awarded
Over the last fiscal year, American Friends Of The Hebrew University Inc has awarded $92,710 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON UNIVERSITY SCHOOL OF MEDICINE PURPOSE: STUDENT EXCHANGE PROGRAM BETWEEN HADASSAH & BOSTON UNIVERSITY. | $43,256 |
HADASSAH MEDICAL RELIEF ASSOCIATION PURPOSE: MORTON AMSTERDAM CHAIR IN PERIODONTAL PROSTHESIS IN THE SCHOOL OF DENTAL MEDICINE. | $32,056 |
AMERICAN SOCIETY FOR TECHNION ISRAEL INSTITUTE PURPOSE: ALEXANDER & MARGARET EHRENSTEIN MEMORIAL | $17,398 |