2023-11-14T13:03:12-06:00 2022-12-31 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2022-01-01 134092050 BIRTHRIGHT ISRAEL FOUNDATION BIRT 2124570036 711 THIRD AVENUE 10TH FL NEW YORK NY 10017 S DAVID SHAPIRO CFO 2124570036 2023-11-14 1 S DAVID SHAPIRO XXX-XX-XXXX 0 SCOTT THOMPSETT P00741490 2125990100 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ELIAS SARATOVSKY 711 THIRD AVENUE 10TH FL NY NY 10017 74946020 0 X BIRTHRIGHTISRAEL.FOUNDATION X 1999 NY THE FOUNDATION RAISES FUNDS TO SUPPORT EDUCATIONAL TRIPS TO ISRAEL FOR YOUNG ADULTS. 18 18 53 0 0 0 44403830 72530426 0 0 114305 214257 9647 -718330 44527782 72026353 15656125 94048493 0 0 9225177 9542211 574307 608967 11554860 8342518 6496892 33798127 110696563 10729655 -38670210 97221190 69380864 2158847 15169805 95062343 54211059 X SEE SCHEDULE O 0 0 94048493 94048493 0 BIRTHRIGHT ISRAEL SEEKS TO ENSURE THAT EVERY ELIGIBLE YOUNG JEWISH ADULT AROUND THE WORLD, ESPECIALLY THE LESS CONNECTED, IS GIVEN THE OPPORTUNITY TO VISIT ISRAEL ON THIS EDUCATIONAL JOURNEY. BIRTHRIGHT ISRAEL FOUNDATION RAISES FUNDS IN THE UNITED STATES TO SUPPORT BIRTHRIGHT ISRAEL, A PROGRAM WHICH CURRENTLY PROVIDES YOUNG JEWISH ADULTS FROM THE AGES OF 18 TO 32 THE GIFT OF AN EXTRAORDINARY EDUCATIONAL TRIP TO ISRAEL. 233799 0 0 BIRTHRIGHT ISRAEL FOUNDATION HAS DEVELOPED A ROBUST ELECTRONIC MARKETPLACE (SMARTPHONE APP) TO CONNECT TENS OF THOUSANDS OF BIRTHRIGHT ISRAEL ALUMNI IN THE UNITED STATES WITH THE VAST ARRAY OF ORGANIZATIONS, PROJECTS, AND RESOURCES THAT CAN PROVIDE THEM WITH THE OPPORTUNITIES TO FURTHER EXPLORE THEIR CONNECTION TO ISRAEL AND THEIR JEWISH IDENTITY ONCE THEY RETURN HOME FROM ISRAEL. 94282292 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 1 1 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 66 0 1 53 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AZ AR CA CO CT FL GA IL KS KY ME MD MA MI MN MO NH NJ NM NY NC ND OH OR PA RI SC TN VA WA WV WI X X S DAVID SHAPIRO 2124570046 711 THIRD AVENUE 10TH FL NEW YORK NY 10017 AVERY ROSIN DIRECTOR 2.00 0.00 X 0 0 0 BARRY SWIDLER DIRECTOR 2.00 0.00 X 0 0 0 DOUGLAS M ROSS CABINET CHAIR 2.00 0.00 X X 0 0 0 HARRY KRAKOWSKI DIRECTOR 2.00 0.00 X 0 0 0 JOEL GREENBERG DIRECTOR 2.00 0.00 X 0 0 0 JOHN HOOVER DIRECTOR 2.00 0.00 X 0 0 0 LAWRENCE J COHEN TREASURER 2.00 0.00 X X 0 0 0 LORI KOMISAR DIRECTOR 2.00 0.00 X 0 0 0 MARJORIE HONICKMAN DIRECTOR 2.00 0.00 X 0 0 0 MICHAEL RASHES DIRECTOR 2.00 0.00 X 0 0 0 PHILIP DE TOLEDO CHAIR 2.00 0.00 X X 0 0 0 RACHEL GERROL DIRECTOR 2.00 0.00 X 0 0 0 ROBERT A CLARFELD DIRECTOR 2.00 0.00 X 0 0 0 RUSS ROBINSON DIRECTOR 2.00 0.00 X 0 0 0 SHAWN EVENHAIM DIRECTOR 2.00 0.00 X 0 0 0 WENDY GOULD SHENFELD DIRECTOR 2.00 0.00 X 0 0 0 DAVID BARSE DIRECTOR (AS OF 7/2022) 2.00 0.00 X 0 0 0 JUDY GOODMAN DIRECTOR (AS OF 4/2022) 2.00 0.00 X 0 0 0 SARA ARONSON DIRECTOR (THRU 12/2022) 2.00 0.00 X 0 0 0 LAURIE BLITZER DIRECTOR (THRU 12/2022) 2.00 0.00 X 0 0 0 MARK CHARENDOFF DIRECTOR (THRU 12/2022) 2.00 0.00 X 0 0 0 JUDITH A LEVY DIRECTOR (THRU 12/2022) 2.00 0.00 X 0 0 0 MARLENE POST DIRECTOR (THRU 12/2022) 2.00 0.00 X 0 0 0 J PHILIP ROSEN CHAIR (THRU 12/2022) 2.00 0.00 X X 0 0 0 JANE F WILF DIRECTOR (THRU 12/2022) 2.00 0.00 X 0 0 0 ISRAEL TAPOOHI PRESIDENT/CEO 40.00 0.00 X 802463 0 73246 JESSICA FELDAN CHIEF DEVELOPMENT OFFICER 40.00 0.00 X 420030 0 72838 S DAVID SHAPIRO CHIEF FINANCIAL OFFICER 40.00 0.00 X 392245 0 56584 PAMELA FERTEL-WEINSTEIN V.P. OF MKTG & COMMUNICATIONS 40.00 0.00 X 223883 0 60295 RUVYM GILMAN GENERAL COUNSEL 2.00 0.00 X 181436 0 60219 ZHE YANG V.P. OF INFORMATION TECHNOLOGY 40.00 0.00 X 287528 0 17997 ALLYSON GREENBAUM VICE PRESIDENT, CENTRAL REGION 40.00 0.00 X 244247 0 70401 CAROLE-ANN LEVINE VICE PRESIDENT, SOUTHEAST 40.00 0.00 X 269585 0 49326 DEBORAH DOLGIN VICE PRESIDENT, WESTERN REGION 40.00 0.00 X 229016 0 43598 DIANE ROMIROWSKY VICE PRESIDENT, PRINCIPAL 40.00 0.00 X 275469 0 52265 MARGOT ETTLINGER VICE PRESIDENT, NE REGION 40.00 0.00 X 263801 0 55192 3589703 0 611961 31 0 1 0 THOMPSON HABIB & DENISON INC 55 OLD BEDFORD ROAD SUITE 201 LINCOLN MA 01773 MARKETING 724370 SOUTHWEST PUBLISHING AND MAILING CORP 4000 SE ADAMS ST TOPEKA KS 66609 DIRECT MAIL MARKETING 670915 GIDEON MARK HATAM 3 APT 16 BAT YAM IS STRATEGIC ADVISOR 314750 FETE 15 EAST 32ND STREET 5TH FL NEW YORK NY 10016 EVENT PLANNING 314034 GOOGLE INC 1600 AMPHITHEATRE PKWY MOUNTAIN VIEW CA 94043 DIRECT MAIL MARKETING 219344 13 20715176 8059017 43756233 1682198 72530426 243924 243924 324987 324987 0 0 1678183 1707850 -29667 -29667 -29667 168500 8059017 886830 -718330 -718330 72026353 0 0 -504073 94048493 94048493 2632037 51565 797159 1783313 5379283 105386 1629212 3644685 295627 5792 89536 200299 797103 15616 241417 540070 438161 8584 132705 296872 45487 30913 14574 91107 91107 608967 608967 2782891 461093 2321798 38302 21107 17195 287933 57438 230495 447064 17003 139496 290565 1029476 24968 435744 568764 353173 102897 250276 548985 63925 485060 207389 2959 68763 135667 135568 1926 44758 88884 BANK CHARGES 267977 258796 9181 DUES AND SUBSCRIPTIONS 105048 102762 2286 COMMUNICATIONS 87321 75586 11735 POSTAGE AND DELIVERY 36913 1697 35216 32258 13300 18958 110696563 94282292 4859411 11554860 65750698 32844202 23404853 16500148 21870 7713 519449 508371 1859752 825506 1199486 1034246 6262559 5813879 48090 26600 14185 12645705 97221190 69380864 1032831 1284816 1126016 13884989 2158847 15169805 X 67607594 33956208 27454749 20254851 95062343 54211059 97221190 69380864 X -38670210 -1181075 -1000000 X 0 1 X 1 0 X 120960117 98603747 62471811 44403830 72530426 398969931 120960117 98603747 62471811 44403830 72530426 398969931 115257580 283712351 278890 359260 99179 133895 243924 1115148 167000 9647 168500 345147 400430226 0.70850 0.65790 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 9,647. 2022 AMOUNT: $ 0. GROSS INCOME FROM FUNDRAISING - 2018 AMOUNT: $ 167,000. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 168,500. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5549217 242615 -970703 33506 4787623 1700984 3238208 632929 22904 5549217 1313455 200000 201992 14463 1700984 861383 200000 262438 10366 1313455 861383 861383 0.67960 0.32040 0 0 1086380 320875 765505 152229 95415 56814 621143 409216 211927 1034246 RIGHT OF USE ASSET - OPERATING LEASE 12627220 SECURITY DEPOSITS 12714 OTHER ASSETS 5771 12645705 OBLIGATIONS TO ANNUITANTS 528906 DUE TO BRI INTERNATIONAL 82980 OPERATING LEASE LIABILITY 13273103 13884989 X 69845279 -1181075 -1000000 -2181075 72026354 0 72026354 110696563 0 110696563 0 110696563 PART V, LINE 4: THE FOUNDATION MAINTAINS SEVERAL DONOR-RESTRICTED FUNDS THE PURPOSES OF WHICH ARE TO PROVIDE SUPPORT PRINCIPALLY FOR TRIP ENHANCEMENTS AND ANCILLARY PROGRAMS. IN CLASSIFYING SUCH FUNDS FOR FINANCIAL STATEMENT PURPOSES AS EITHER NET ASSETS WITH DONOR RESTRICTIONS OR NET ASSETS WITHOUT DONOR RESTRICTIONS, THE BOARD OF DIRECTORS LOOKS TO THE EXPLICIT DIRECTION OF THE RESPECTIVE DONOR AND PROVISIONS OF APPLICABLE NEW YORK STATE LAW. PART X, LINE 2: FIN 48 THE FOUNDATION 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. THE FOUNDATION 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 WAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE FOUNDATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART IX, RIGHT-OF-USE ASSETS: THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") IMPLEMENTED A NEW LEASE ACCOUNTING STANDARD THAT BECAME EFFECTIVE FOR BIRTHRIGHT ISRAEL FOUNDATION IN THE YEAR ENDING DECEMBER 31, 2022. THIS ACCOUNTING STANDARD WAS EFFECTUATED TO IMPROVE THE TRANSPARENCY SURROUNDING KEY INFORMATION PERTAINING TO AN EXEMPT ORGANIZATION'S LEASING ARRANGEMENTS (AND TO ENSURE THAT ALL ORGANIZATIONS WERE RECORDING THE TRANSACTIONS UNIFORMLY ON THEIR BALANCE SHEETS). 1 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, GRANTMAKING 94048493 0 0 0 0 0 0 94048493 0 94048493 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, EDUCATION 94048493 WIRE 0 1 0 0 0 0 0 0 PART I, LINE 2: THE BIRTHRIGHT ISRAEL FOUNDATION IS THE FUNDRAISING ARM OF TAGLIT-BIRTHRIGHT ISRAEL (BRI INTERNATIONAL). THE FOUNDATION'S PRIMARY EXEMPT MISSION IS TO PROVIDE SUPPORT TO THIS NON-U.S. ORGANIZATION; ACCORDINGLY, THE MAJORITY OF ITS GRANTMAKING ACTIVITIES ARE CONDUCTED OVERSEAS. THE FOUNDATION RECEIVES THE APPROVED BUDGET, PERIODIC MONTHLY REPORTS ON THE USE OF FUNDS, AS WELL AS THE AUDITED FINANCIAL STATEMENTS FROM TAGLIT-BIRTHRIGHT ISRAEL (BRI INTERNATIONAL). THE FOUNDATION'S CHIEF FINANCIAL OFFICER AND INDEPENDENT AUDITOR MEET PERIODICALLY WITH TAGLIT-BIRTHRIGHT ISRAEL STAFF AND THEIR INDEPENDENT AUDITOR TO INQUIRE ABOUT THE USE OF FUNDS AS WELL AS INTERNAL CONTROLS. PART III ACCOUNTING METHOD: X X X X 1 THOMPSON HABIB & DENISON 55 OLD BEDFORD RD LINCOLN MA 01773 FUNDRAISING 0 4482141 608967 3873174 4482141 608967 3873174 AL AK AZ AR CA CO CT FL GA IL KS KY ME MD MA MI MN MO NH NJ NM NC ND OH OR PA RI SC TN VA WA WV WI GALA 8227517 8059017 168500 56317 204686 13830 611997 8227517 8059017 168500 56317 204686 13830 611997 886830 -718330 X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 ISRAEL TAPOOHI PRESIDENT/CEO 608158 0 95000 0 99305 0 15250 0 57996 0 875709 0 0 0 JESSICA FELDAN CHIEF DEVELOPMENT OFFICER 364030 0 56000 0 0 0 15250 0 57588 0 492868 0 0 0 S DAVID SHAPIRO CHIEF FINANCIAL OFFICER 352245 0 40000 0 0 0 15250 0 41334 0 448829 0 0 0 DIANE ROMIROWSKY VICE PRESIDENT, PRINCIPAL 275469 0 0 0 0 0 13750 0 38515 0 327734 0 0 0 MARGOT ETTLINGER VICE PRESIDENT, NE REGION 263801 0 0 0 0 0 13520 0 41672 0 318993 0 0 0 CAROLE-ANN LEVINE VICE PRESIDENT, SOUTHEAST 259585 0 10000 0 0 0 13505 0 35821 0 318911 0 0 0 ALLYSON GREENBAUM VICE PRESIDENT, CENTRAL REGION 244247 0 0 0 0 0 12750 0 57651 0 314648 0 0 0 ZHE YANG V.P. OF INFORMATION TECHNOLOGY 275028 0 10000 0 2500 0 14375 0 3622 0 305525 0 0 0 PAMELA FERTEL-WEINSTEIN V.P. OF MKTG & COMMUNICATIONS 213883 0 10000 0 0 0 11750 0 48545 0 284178 0 0 0 DEBORAH DOLGIN VICE PRESIDENT, WESTERN REGION 229016 0 0 0 0 0 11505 0 32093 0 272614 0 0 0 RUVYM GILMAN GENERAL COUNSEL 176436 0 5000 0 0 0 9438 0 50781 0 241655 0 0 0 PART I, LINE 1A IN CALENDAR YEAR 2022, BIRTHRIGHT ISRAEL FOUNDATION PROVIDED A HOUSING ALLOWANCE TO THE PRESIDENT, ISRAEL TAPOOHI; THE VALUE OF THAT HOUSING BENEFIT HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). AS PART OF PRESIDENT TAPOOHI'S EMPLOYMENT CONTRACT, HE IS ENTITLED TO CERTAIN SPOUSAL TRAVEL BENEFITS UP TO A CERTAIN DOLLAR THRESHOLD. IN CALENDAR YEAR 2022, PRESIDENT TAPOOHI RECEIVED $15,305 IN TAXABLE SPOUSAL TRAVEL BENEFITS WHICH IS ALSO REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III). PART I, LINE 7 THE FOUNDATION PROVIDED THE FOLLOWING DISCRETIONARY BONUSES TO THE INDIVIDUALS LISTED BELOW. PRESIDENT/CEO, ISRAEL TAPOOHI - $84,000 CFO, S. DAVID SHAPIRO - $40,000 CHIEF DEVELOPMENT OFFICER, JESSICA FELDAN - $56,000 V.P. OF INFORMATION TECHNOLOGY, ZHE YANG - $10,000 VP, MARKETING & COMMUNICATIONS, PAMELA FERTEL WEINSTEIN - $10,000 V.P. SOUTHEAST REGION, CAROLE-ANN LEVINE - $10,000 GENERAL COUNSEL, RUVYM GILMAN - $5,000 THE ABOVE BONUSES WERE BASED ON EACH INDIVIDUAL'S SPECIFIC PERFORMANCE METRICS AND WERE APPROVED BY THE COMPENSATION COMMITTEE. ALL COMPENSATION DECISIONS ARE DOCUMENTED IN COMPENSATION COMMITTEE MEETING MINUTES. X 30 1681198 FAIR MARKET VALUE X ISRAELI BONDS 1 1000 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: TO THE EXTENT THAT THE FOUNDATION RECEIVED CONTRIBUTIONS OF SECURITIES, IT USES ITS INVESTMENT BROKER TO LIQUIDATE THOSE ASSETS INTO CASH FOR USE BY THE FOUNDATION IN SUPPORT OF ITS CHARITABLE MISSION. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: BIRTHRIGHT ISRAEL SEEKS TO ENSURE THAT EVERY ELIGIBLE YOUNG JEWISH ADULT AROUND THE WORLD, ESPECIALLY THE LESS CONNECTED, IS GIVEN THE OPPORTUNITY TO VISIT ISRAEL ON THIS EDUCATIONAL JOURNEY. BIRTHRIGHT ISRAEL FOUNDATION RAISES FUNDS IN THE UNITED STATES TO SUPPORT BIRTHRIGHT ISRAEL, A PROGRAM WHICH CURRENTLY PROVIDES YOUNG JEWISH ADULTS THE GIFT OF AN EXTRAORDINARY EDUCATIONAL TRIP TO ISRAEL. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM IN CONJUCTION WITH THE ORGANIZATION'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 FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, 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, SECTION B, LINE 15 THE COMPENSATION OF THE C-SUITE IS REVIEWED ANNUALLY BY THE INDEPENDENT MEMBERS OF THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS WHO RELIED UPON EXTERNAL 3RD PARTY COMPARABLE MARKET DATA IN ASSESSING THE APPROPRIATENESS OF THE TOTAL COMPENSATION TO BE PROVIDED TO THE INCUMBENT. COMPENSATION DECISIONS AND REPORTS ARE CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES OF THE COMMITTEE MEETING AT THE TIME THE DECISIONS ARE MADE. THE FOUNDATION LAST CONDUCTED AN INDEPENDENT EXECUTIVE COMPENSATION SURVEY IN MARCH 2022 AND WILL MEET AGAIN FEBRUARY 2023. FOR ALL OTHER INDIVIDUALS REPORTED ON THE FORM 990, COMPENSATION DECISIONS ARE REVIEWED INTERNALLY BY THE FOUNDATION'S OFFICERS AND APPROVED BY THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS FORM 990 AVAILABLE BY RETAINING A COPY AT ITS PLACE OF BUSINESS. THE FORM 990 IS LIKEWISE PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE ORGANIZATION'S 990, FINANCIAL STATEMENTS, RECORD RETENTION AND DESTRUCTION POLICY ARE PUBLISHED ON THE ORGANIZATION'S WEBSITE. THE ORGANIZATION'S 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: RESCINDED GRANT (CHANGE IN DONOR INTENT) -1,000,000. IN CALENDAR YEAR 2022, THE FOUNDATION WAS INFORMED THAT A $1M COMMITMENT PREVIOUSLY RECORDED AS A RECEIVABLE WAS PAID DIRECTLY TO BIRTHRIGHT ISRAEL INTERNATIONAL; ACCORDINGLY, THE FOUNDATION IS RECORDING A $1M RESCINDED GRANT.