2024-05-15T15:09:31-05:00 2023-06-30 PwC US Tax LLP 2001 MARKET ST SUITE 1800 PHILADELPHIA PA 19103 990 2022-07-01 131790758 YESHIVA ENDOWMENT FOUNDATION INC % MR ALAN KLUGER YESH 6465924009 500 WEST 185TH STREET NEW YORK NY 10033 ALAN KLUGER DIRECTOR OF TAX 6465924005 2024-05-15 true ALAN KLUGER 999009999 SAPNA P VASU P00545692 2673303000 2024-05-15 3 2022 2023-04-26 12:10:37Z MICHAEL SCHREIBER 500 WEST 185TH STREET NEW YORK NY 10033 10035869 false X N/A X 1927 NY ENDOWMENTS FOR THE BENEFIT OF YESHIVA UNIVERSITY AND THE RABBI ISAAC ELCHANAN THEOLOGICAL SEMINARY. 14 13 0 13 0 0 0 0 0 0 4426206 2702741 0 0 4426206 2702741 1590819 1680583 0 0 0 0 0 0 0 58546 3231 1649365 1683814 2776841 1018927 34887572 34904168 2750 3767 34884822 34900401 ENDOWMENTS FOR THE BENEFIT OF YESHIVA UNIVERSITY AND THE RABBI ISAAC ELCHANAN THEOLOGICAL SEMINARY. false false 1671004 1671004 0 ENDOWMENTS FOR THE BENEFIT OF YESHIVA UNIVERSITY AND THE RABBI ISAAC ELCHANAN THEOLOGICAL SEMINARY. 9579 9579 0 DIRECT STUDENT EDUCATIONAL AWARDS 1680583 true false false false false false false false false true false true false false false false false true false false false false false false false false false true true true false false false false false false false false false false false false false true true false false false true 0 0 0 false false false false false false false false false false false false X 14 13 false false false false false true false true true false false true true true true true true false false false X MR ALAN KLUGER 6465924009 500 WEST 185TH STREET NEW YORK NY 10033 RABBI DR ARI D BERMAN PRESIDENT-DIRECTOR 1.0 35.0 X X 0 731776 164942 ANDREW J LAUER VP-SECTY-GENERAL COUNSEL 1.0 35.0 X 0 584353 67976 MICHAEL SCHREIBER VP/TREASURER/CFO - APR 2022 1.0 35.0 X 0 368802 69506 MOSHAEL J STRAUS DIRECTOR-CHAIR 1.0 1.0 X 0 0 0 LUDWIG BRAVMANN DIRECTOR - Deceased 1.0 1.0 X 0 0 0 PHILIP FRIEDMAN DIRECTOR 1.0 1.0 X 0 0 0 DR HENRY KRESSEL DIRECTOR 1.0 1.0 X 0 0 0 MATTHEW J MARYLES DIRECTOR 1.0 1.0 X 0 0 0 MICHAEL JESSELSON DIRECTOR 1.0 1.0 X 0 0 0 IRA M MITZNER DIRECTOR 1.0 1.0 X 0 0 0 JOSHUA L MUSS DIRECTOR 1.0 1.0 X 0 0 0 MARK SILBER DIRECTOR 1.0 1.0 X 0 0 0 SHIRA YOSHOR DIRECTOR 1.0 1.0 X 0 0 0 ELLIOT GIBBER DIRECTOR 1.0 1.0 X 0 0 0 IRA DIZENGOFF DIRECTOR 1.0 1.0 X 0 0 0 LANCE HIRT DIRECTOR 1.0 1.0 X 0 0 0 MICHAEL D KATZ DIRECTOR 1.0 1.0 X 0 0 0 0 1684931 302424 0 false true false 0 0 0 335766 335766 0 0 0 0 0 9700103 7333128 2366975 2366975 2366975 0 0 0 0 0 0 0 0 0 0 2702741 2702741 1671004 1671004 9579 9579 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3231 3231 0 0 0 0 0 0 0 0 0 0 0 1683814 1680583 3231 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8691199 8182778 25615140 26139141 0 0 0 0 581233 582249 34887572 34904168 2750 3767 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2750 3767 X 1667958 1668452 33216864 33231949 34884822 34900401 34887572 34904168 1018927 -1003348 X false true X true false X X 2 YESHIVA UNIVERSITY 131624225 2 true 1357845 0 RABBI ISAAC ELCHANAN THEOLOGICAL SEMINARY 132673756 2 true 313159 0 2 1671004 0 true false false false false false false false false false false false false false false true false 34305088 1699393 676906 1006908 34320667 38848077 -2970800 632032 940157 34305088 32344563 0 8116860 651504 961842 38848077 32309202 0 1645048 650591 959096 0 32344563 33136942 0 783303 651140 959903 32309202 0.03170 0.27240 0.69590 false true true ALTERNATIVE/OTHER INVESTMENTS 26139141 F 26139141 SCHEDULE D, PART V, LINE 4 - USE OF ORGANIZATION'S ENDOWMENT FUNDS THE YESHIVA ENDOWMENT FOUNDATION'S ENDOWMENT FUNDS ARE INTENDED FOR A VARIETY OF PURPOSES, INCLUDING, STUDENT SCHOLARSHIPS AND PRIZES, ACADEMIC CHAIRS AND THE LIBRARY AT YESHIVA UNIVERSITY AND THE RABBI ISAAC ELCHANAN THEOLOGICAL SEMINARY. SCHEDULE D, PART VII - INVESTMENTS THE FOUNDATION'S ALTERNATIVE INVESTMENTS AND PUBLICLY TRADED SECURITIES REPRESENT OWNERSHIP INTERESTS IN YESHIVA UNIVERSITY'S CONSOLIDATED INVESTMENT POOL. true YESHIVA UNIVERSITY 500 WEST 185TH STREET NEW YORK NY 10033 131624225 501(c)(3) 1357845 EDUCATION RABBI ISAAC ELCHANAN THEOLOGICAL SEMINARY 2540 AMSTERDAM AVENUE NEW YORK NY 10033 132673756 501(c)(3) 313159 EDUCATION 2 STUDENT PRIZES AND AWARDS 18 9579 SCHEDULE I, PART I, LINE 2 - MONITORING THE USE OF GRANT FUNDS IN U.S. THE YESHIVA ENDOWMENT FOUNDATION MEETS WITH THE MANAGEMENT OF THE YESHIVA UNIVERSITY AND RIETS DEPARTMENTS THAT ISSUE AWARDS DIRECTLY TO STUDENTS TO ASSURE THAT GRANT FUNDS ARE USED FOR THE INTENDED TAX-EXEMPT PURPOSES. false false false false false false false false false RABBI DR ARI D BERMAN PRESIDENT-DIRECTOR 0 711396 0 0 0 20380 0 12200 0 152742 0 896718 0 0 ANDREW J LAUER VP-SECTY-GENERAL COUNSEL 0 565611 0 0 0 18742 0 12200 0 55776 0 652329 0 0 MICHAEL SCHREIBER VP/TREASURER/CFO - APR 2022 0 360533 0 0 0 8269 0 12200 0 57306 0 438308 0 0 RELATED PARTY COMPENSATION PAYMENT OR REIMBURSEMENT OF EXPENSES FOR LISTED PERSON HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: PRESIDENT RABBI DR. ARI D. BERMAN IS PROVIDED WITH THE USE OF A HOME AS A PARSONAGE AND TO PROPERLY DISCHARGE HIS REQUIRED DUTIES. IN ADDITION, THE PARSONAGE ALLOWANCE FOR RABBI BERMAN IS INCLUDED IN SCHEDULE J, PART II, COLUMN D. PERSONAL SERVICE AND COMPANION TRAVEL: THE UNIVERSITY BELIEVES IT IS PRUDENT AND NECESSARY TO PROVIDE A MEASURE OF SECURITY TO THE PRESIDENT AND UNIVERSITY RELATED INDIVIDUALS WHO TRAVEL WITH THEM. ACCORDINGLY, THE UNIVERSITY PROVIDES THE PRESIDENT WITH A SECURITY GUARD DRIVER WHEN TRAVELING ON UNIVERSITY BUSINESS. THE UNIVERSITY REIMBURSES COMPANION TRAVEL FOR THE PRESIDENT WHEN THE COMPANION IS EXPECTED TO ATTEND AND ACTIVELY PARTICIPATE IN FUNCTIONS RELATED TO THE UNIVERSITY'S MISSION AND IS FOR A BONA FIDE BUSINESS PURPOSE. THE REPORTABLE COMPENSATION AND BENEFITS OF PRESIDENT BERMAN, ANDREW LAUER, AND MICHAEL SCHREIBER REPRESENT PAYMENT FOR THEIR SERVICES TO YESHIVA UNIVERSITY, A RELATED ORGANIZATION. THEIR COMPENSATION AND BENEFITS ARE ALSO REPORTED AND DETAILED IN YESHIVA UNIVERSITY'S FORM 990 (13-1624225). FORM 990, PART VI, SECTION A, LINE 11B - BOARD REVIEW OF FORM 990 THE YESHIVA ENDOWMENT FOUNDATION'S FORM 990 WAS REVIEWED AND SIGNED BY AN INDEPENDENT ACCOUNTING FIRM BASED ON A DRAFT PREPARED BY YESHIVA UNIVERSITY'S FINANCE DEPARTMENT AND DIRECTOR OF TAX. THE DRAFT RETURN WAS REVIEWED BY THE FOUNDATION'S CFO, GENERAL COUNSEL AND TAX DEPARTMENT. THE FINAL VERSION OF THE FORM 990 WAS MADE AVAILABLE TO THE FOUNDATION'S BOARD OF TRUSTEES PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. THE FORM 990, AS FILED, IS MADE AVAILABLE TO THE PUBLIC IN ACCORDANCE WITH INTERNAL REVENUE SERVICE RULES AND REGULATIONS. FORM 990, PART VI, SECTION B, LINE 12C - CONFLICT OF INTEREST POLICY THE FOUNDATION'S CONFLICT OF INTEREST POLICY APPLIES TO ALL MEMBERS OF THE FOUNDATION'S BOARD OF TRUSTEES, BOARD COMMITTEE MEMBERS AND ITS OFFICERS AND EMPLOYEES ("COVERED PERSONS"). THE POLICY PROVIDES THAT COVERED PERSONS ARE TO ACT AT ALL TIMES IN A MANNER CONSISTENT WITH THEIR RESPONSIBILITIES TO THE FOUNDATION AND YESHIVA UNIVERSITY AND AVOID CIRCUMSTANCES IN WHICH THEIR FINANCIAL OR OTHER TIES TO OUTSIDE ENTITIES COULD PRESENT AN ACTUAL, POTENTIAL OR APPARENT CONFLICT OF INTEREST OR IMPAIR THE FOUNDATION OR THE UNIVERSITY'S REPUTATION. FURTHER, ALL COVERED PERSONS ARE NOT TO ENGAGE IN BUSINESS WITH THE FOUNDATION OR THE UNIVERSITY. IN THE CASE OF A RARE EXCEPTION, A GOVERNANCE COMMITTEE HAS BEEN ESTABLISHED TO REVIEW THE FACTS AND, IF IT IS IN THE FOUNDATION OR THE UNIVERSITY'S BEST INTERESTS, APPROVE SUCH EXCEPTIONS. CONFLICT WAIVER REQUESTS CONSIDERED BY THE COMMITTEE, WHETHER OR NOT APPROVED, ARE REPORTED TO THE BOARD OF TRUSTEES. QUESTIONS AS TO WHETHER A TRANSACTION CONSTITUTES A RELATED PARTY TRANSACTION WITH RESPECT TO COVERED PERSONS ARE RESOLVED BY THE GOVERNANCE COMMITTEE AND THE PRESIDENT OF THE UNIVERSITY IN CONSULTATION WITH THE GENERAL COUNSEL. COVERED PERSONS ARE REQUIRED TO COMPLETE, SIGN AND SUBMIT TO THE GENERAL COUNSEL AN ANNUAL DISCLOSURE STATEMENT; TO PROMPTLY NOTIFY THE GENERAL COUNSEL OF ANY CHANGE IN THE INFORMATION PREVIOUSLY REPORTED ON SUCH PERSON'S DISCLOSURE STATEMENT; AND TO FURNISH SUPPLEMENTAL INFORMATION AND/OR CONFIRM THE CONTINUED ACCURACY OF THE CURRENT DISCLOSURE STATEMENT, IF REQUESTED BY THE GENERAL COUNSEL. THE BOARD, IN CONSULTATION WITH THE GENERAL COUNSEL, HAS THE AUTHORITY TO ADDRESS NON-COMPLIANCE WITH THE DISCLOSURE REQUIREMENTS OR ANY OTHER PROVISION OF THE CONFLICT OF INTEREST POLICY; AND MAY RECOMMEND THE REMOVAL OF SUCH NON-COMPLYING COVERED PERSON OR OTHER APPROPRIATE SANCTION. IN ADDITION, A COVERED PERSON WHO BELIEVES A CURRENT, PENDING OR PROPOSED TRANSACTION WOULD CONSTITUTE A RELATED PARTY TRANSACTION OR OTHERWISE CONSTITUTE AN ACTUAL, POTENTIAL OR APPARENT CONFLICT OF INTEREST, IS REQUIRED TO PROMPTLY DISCLOSE TO THE GENERAL COUNSEL AND TO THE CHAIR OF EACH BOARD AND COMMITTEE OF WHICH THE COVERED PERSON IS A MEMBER, THE EXISTENCE OF THE CONFLICT (OR APPEARANCE OF CONFLICT) AND OTHER MATERIAL INFORMATION THAT THE COVERED PERSON MAY HAVE REGARDING THE TRANSACTION. NEW COVERED PERSONS ARE PROVIDED WITH A COPY OF THE CONFLICT OF INTEREST POLICY AND DISCLOSURE STATEMENT. THE DETAILS OF THE POLICY AND ITS REQUIREMENTS ARE REVIEWED WITH THEM. THE GENERAL COUNSEL MAINTAINS A DATABASE OF DISCLOSURE STATEMENTS AND A SYSTEM FOR MONITORING CURRENT, PENDING AND PROPOSED TRANSACTIONS FOR POTENTIAL INTERESTED TRANSACTIONS BASED ON THE DISCLOSURES MADE IN EACH COVERED PERSON'S ANNUAL DISCLOSURE STATEMENT AND ANY PERIODIC UPDATES SUBMITTED PURSUANT TO THE POLICY. IN ADDITION TO THE CONFLICT OF INTEREST POLICY ABOVE FOR COVERED PERSONS, ANY FOUNDATION EMPLOYEES WOULD ALSO BE SUBJECT TO ADDITIONAL CONFLICT OF INTEREST REPORTING REQUIREMENTS AS SET FORTH IN THE EMPLOYEE HANDBOOK. FORM 990, PART VI, SECTION B, LINE 15A AND 15B - COMPENSATION REVIEW THE YESHIVA ENDOWMENT FOUNDATION HAS NO PAID OFFICERS, EMPLOYEES OR BOARD MEMBERS. HOWEVER, ITS OFFICERS ARE PAID BY YESHIVA UNIVERSITY, A RELATED ENTITY. THEIR COMPENSATION IS REVIEWED IN ACCORDANCE WITH THE FOLLOWING YESHIVA UNIVERSITY PROCEDURES: THE COMPENSATION OF ALL EMPLOYEES EARNING IN EXCESS OF A SPECIFIED THRESHOLD SALARY LEVEL, AS WELL AS ALL OF YESHIVA UNIVERSITY'S OFFICERS AND KEY EMPLOYEES, IS REVIEWED BY YESHIVA UNIVERSITY'S COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE INDEPENDENT MEMBERS OF THE COMMITTEE CONDUCT A DETAILED REVIEW AND APPROVAL OF SUCH COMPENSATION UTILIZING COMPARABILITY DATA FROM THIRD PARTY SALARY SURVEYS, FORM 990 SALARY DISCLOSURES FROM OTHER ORGANIZATIONS, AND/OR COMPENSATION STUDIES PREPARED BY AN INDEPENDENT THIRD PARTY CONSULTING FIRM. CONTEMPORANEOUS DOCUMENTATION OF THE COMMITTEE'S DELIBERATIONS AND DECISIONS ARE INCLUDED IN THE COMMITTEE'S WRITTEN MINUTES. IN ADDITION, IN ACCORDANCE WITH IRS RULES AND REGULATIONS, THE UNIVERSITY RECEIVED OPINIONS FROM INDEPENDENT THIRD PARTY COMPENSATION CONSULTANTS THAT THE COMPENSATION OF THE YESHIVA'S OFFICERS AND KEY EMPLOYEES ARE REASONABLE. FORM 990, PART VI, SECTION C, LINE 19 - PUBLIC DISCLOSURE THE FOUNDATION DOES NOT CURRENTLY MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. THE FOUNDATION DOES MAKE ITS FORM 990 AVAILABLE TO THE PUBLIC IN ACCORDANCE WITH INTERNAL REVENUE SERVICE RULES AND REGULATIONS. FORM 990, PART VI, LINE 7A - LIFE MEMBERS THE EIGHT LIFE MEMBERS OF THE FOUNDATION HAVE THE POWER TO ELECT THE FOUNDATION'S BOARD OF DIRECTORS. YESHIVA UNIVERSITY 500 WEST 185TH STREET NEW YORK NY 10033 131624225 EDUCATION NY 501(C)(3) 2 NA false YESHIVA UNIVERSITY IN ISRAEL 40 DUVDEVANI STREET JERUSALEM IS 96428 999999999 EDUCATION IS FOREIGN FOREIGN YU false CAROLINE JOSEPH GRUSS INST YU IN ISRAEL 40 DUVDEVANI STREET JERUSALEM IS 96428 999999999 EDUCATION IS FOREIGN FOREIGN YU false CANADIAN FRIENDS OF YESHIVA UNIVERSITY 3101 BATHURST STREET TORONTO ONTARIO CA M6A2A6 999999999 EDUCATION CA FOREIGN FOREIGN YU false RABBI ISAAC ELCHANAN THEOL SEMINARY 2540 AMSTERDAM AVENUE NEW YORK NY 10033 132673756 EDUCATION NY 501(C)(3) 2 NA false YESHIVA UNIVERSITY WOMEN'S ORGANIZATION 500 WEST 185TH STREET NEW YORK NY 10033 131837437 FUNDRAISING NY 501(C)(3) 12A NA false CFIP CORPORATION 500 WEST 185TH STREET NEW YORK NY 10033 133227195 REAL ESTATE NY YEF C 0 82113 1.00000 true DEEGAN VIEW DEVELOPMENT CORPORATION 500 WEST 185TH STREET NEW YORK NY 10033 133372640 REAL ESTATE NY YEF C 0 0 1.00000 true HIGH BRIDGE PROPERTIES INC 500 WEST 185TH STREET NEW YORK NY 10033 133247382 REAL ESTATE NY YEF C 0 35106 1.00000 true TREC PROPERTIES INC 500 WEST 185TH STREET NEW YORK NY 10033 133244142 REAL ESTATE NY YEF C 0 0 1.00000 true BRIDGE PROPERTY INC 500 WEST 185TH STREET NEW YORK NY 10033 133262638 REAL ESTATE NY YEF C 0 47368 1.00000 true EASTCHESTER PROPERTIES INC 500 WEST 185TH STREET NEW YORK NY 10033 061142985 REAL ESTATE NY YESHIVA UNIV C 0 0 0.00000 false LAUREL HILL DEVELOPMENT CORPORATION 500 WEST 185TH STREET NEW YORK NY 10033 061158243 REAL ESTATE NY YESHIVA UNIV C 0 0 0.00000 false OBC CORP 500 WEST 185TH STREET NEW YORK NY 10033 061142986 REAL ESTATE NY YESHIVA UNIV C 0 0 0.00000 false 557 WEST 185 ST CORP 500 WEST 185TH STREET NEW YORK NY 10033 133375637 REAL ESTATE NY YESHIVA UNIV C 0 0 0.00000 false FACILITIES 2000 INC 500 WEST 185TH STREET NEW YORK NY 10033 133955072 REAL ESTATE NY YESHIVA UNIV C 0 0 0.00000 false VAN NEST CORP 500 WEST 185TH STREET NEW YORK NY 10033 133421890 REAL ESTATE NY YESHIVA UNIV C 0 0 0.00000 false 55 FIFTH AVENUE CONDOMINIUM 500 WEST 185TH STREET NEW YORK NY 10033 999999999 REAL ESTATE NY YESHIVA UNIV NONE 0 0 0.00000 false 215 LEXINGTON AVENUE CONDOMINIUM 500 WEST 185TH STREET NEW YORK NY 10033 134130536 REAL ESTATE NY YESHIVA UNIV C 0 0 0.00000 false CHARITABLE REMAINDER TRUSTS (15) FUNDRAISING NY NA T 0 0 false false true false false false false false false false false false false false false true true false false false