2025-05-01T09:51:21-05:00 2024-06-30 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2023-07-01 364483980 ASIAN UNIVERSITY FOR WOMEN (AUW) SUPPORT FOUNDATION ASIA 6179140500 PO BOX 380768 125 MT AUBURN STREET CAMBRIDGE MA 02238 KAMAL AHMAD PRESIDENT & CEO 6179140500 2025-04-30 1 0 JESSICA DIGIAMO DIAZ P01994693 2126972299 2023 2025-03-06 01:10:19Z KAMAL AHMAD PO BOX 380768 125 MT AUBURN STREET CAMBRIDGE MA 02238 24507340 0 X WWW.ASIAN-UNIVERSITY.ORG X 2001 NY AUWSF SUPPORTS THE EDUCATION, EMPOWERMENT, AND LEADERSHIP DEVELOPMENT OF WOMEN FROM ACROSS ASIA AND THE MIDDLE EAST IN A MULTICULTURAL AND MULTIFAITH RESIDENTIAL SETTING LOCATED IN CHITTAGONG, BANGLADESH. IT OFFERS UP TO TWO YEARS OF PRE-UNIVERSITY TRAINING FOLLOWED BY AN UNDERGRADUATE LIBERAL ARTS AND SCIENCES PROGRAM. IT SERVES STUDENTS FROM 18 COUNTRIES. 9 8 6 11 0 0 7705417 6822889 0 0 748138 1360527 3204 6469 8456759 8189885 7350741 7292098 0 0 608503 924908 0 0 771866 590679 798967 8549923 9015973 -93164 -826088 30847428 31123050 391940 1173735 30455488 29949315 X ASIAN UNIVERSITY FOR WOMEN (AUW) SEEKS TO OFFER HIGH QUALITY EDUCATION TO YOUNG WOMEN DRAWN FROM DIVERSE NATIONAL, ETHNIC, RELIGIOUS, AND SOCIO-ECONOMIC BACKGROUNDS. IT WILL BE OPEN TO YOUNG WOMEN OF TALENT AND COMMITMENT FROM ALL SECTIONS OF SOCIETY WHO WOULD CHOOSE TO WORK FOR A JUST AND PEACEFUL WORLD. AUW SETS AS A GOAL TO RECRUIT AT LEAST HALF ITS STUDENT BODY FROM UNDERPRIVILEGED GROUPS ACROSS ASIA, ESPECIALLY THOSE DISPLACED BY WAR OR POLITICAL UPHEAVAL. AUW SEEKS TO GRADUATE WOMEN WHO WILL BE SKILLED AND INNOVATIVE PROFESSIONALS, SERVICE-ORIENTED LEADERS IN THE BUSINESSES AND COMMUNITIES IN WHICH THEY WILL WORK AND LIVE, AND PROMOTERS OF INTERCULTURAL UNDERSTANDING AND SUSTAINABLE HUMAN AND ECONOMIC DEVELOPMENT IN ASIA AND THROUGHOUT THE WORLD. 0 0 7695784 7292098 ASIAN UNIVERSITY FOR WOMEN SUPPORT FOUNDATION EXISTS SOLELY TO SUPPORT THE WORK OF THE ASIAN UNIVERSITY FOR WOMEN (AUW) WHICH IS IN CHITTAGONG, BANGLADESH. AUW WAS FOUNDED IN 2008 WITH THE GOAL OF CREATING A PATHWAY FOR WOMEN FROM DIVERSE COMMUNITIES TO EMERGE AS EFFECTIVE LEADERS THROUGH AN EDUCATION IN THE LIBERAL ARTS AND SCIENCES. AUW ALSO OFFERS GRADUATE EDUCATION IN A SELECT SET OF FIELDS. AUW WELCOMES TALENTED AND MOTIVATED YOUNG WOMEN FROM ANYWHERE IN THE WORLD TO ENROLL AT THE UNIVERSITY. IT PARTICULARLY STRIVES TO ATTRACT AND SUPPORT WOMEN OF UNCOMMON MERIT DRAWN FROM CHALLENGING SOCIETAL OR ECONOMIC BACKGROUNDS TO GET AN EXCELLENT EDUCATION AND PREPARE TO SERVE AS ETHICAL LEADERS. OVER 85% OF AUW STUDENTS ATTEND THE UNIVERSITY ON FULL SCHOLARSHIP WITH THE INSTITUTION COVERING ALL COSTS OF ROOM, BOARD, TUITION, PRIMARY HEALTH CARE, BOOKS AND SUPPLIES AND OTHER ASSOCIATED COSTS. IT RELIES ON GLOBAL PHILANTHROPIC SUPPORT TO FUND ITS OPERATIONS AND FURTHER DEVELOPMENT.THIS YEAR SAW ENROLLMENT RISE TO 1600 STUDENTS. AT A TIME WHEN EDUCATION IS BEING DENIED TO GIRLS AND WOMEN IN AFGHANISTAN, AUW CHOSE TO OFFER MORE EXTENSIVE OPPORTUNITIES TO AFGHAN WOMEN SEEKING AN EDUCATION. WITH NEARLY 500 AFGHAN WOMEN ENROLLED AT AUW, IT HAS BECOME THE SINGLE LARGEST HOST OF AFGHAN WOMEN AT ANY UNIVERSITY. SIMILARLY, AUW HAS BEEN COMMITTED TO OFFER EDUCATIONAL OPPORTUNITIES TO ROHINGYA GIRLS AND WOMEN.THIS YEAR, AUW INTRODUCED TWO NEW UNDERGRADUATE MAJORS: (1) BIOLOGICAL SCIENCES WHICH INCORPORATES COURSES IN BIOCHEMISTRY, MOLECULAR BIOLOGY, BIOINFORMATICS, AND BIOTECHNOLOGY, AND (2) HUMANITIES WHICH COMBINES HISTORY, LITERATURE, PHILOSOPHY AND RELIGION. AN ADDITIONAL UNDERGRADUATE PROGRAM IN ENVIRONMENTAL ENGINEERING AND A NEW MASTER'S PROGRAM IN DRUG DEVELOPMENT SCIENCES AND BIOINFORMATICS ARE UNDER PLANNING.MEANWHILE, THE MASTER OF ARTS IN EDUCATION PROGRAM, WHICH WAS INAUGURATED AS THE FIRST GRADUATE PROGRAM IN JANUARY 2022, SAW ITS THIRD CLASS ENTER IN 2024. THE TWO-YEAR PROGRAM IS DELIVERED IN COLLABORATION WITH FACULTY FROM JOHN'S HOPKINS UNIVERSITY AND OTHER PARTNER INSTITUTIONS. ADDITIONALLY, THE MASTER OF SCIENCE IN APPAREL AND FASHION BUSINESS MANAGEMENT, LAUNCHED AS THE SECOND GRADUATE PROGRAM IN JANUARY 2023, WELCOMED ITS SECOND COHORT IN 2024. THE ONE-YEAR PROGRAM IS TAUGHT IN PARTNERSHIP WITH FACULTY FROM LEADING INTERNATIONAL UNIVERSITIES AND INSTITUTIONS IN THE FIELD.GRADUATES OF THE MASTER'S IN EDUCATION PROGRAM ARE LEADING AN INITIATIVE TO ENHANCE THE QUALITY OF EDUCATION IN THE ROHINGYA REFUGEE CAMPS IN COX'S BAZAR. IN PARTNERSHIP WITH UNICEF, AUW HAS DEPLOYED 15-20 MASTER'S STUDENTS TO TRAIN OVER 1,000 UPPER PRIMARY TEACHERS AND TRAINERS IN THE CAMPS. THESE EDUCATORS WILL GO ON TO TEACH THOUSANDS OF ROHINGYA CHILDREN, EQUIPPING THEM WITH THE SKILLS AND CONFIDENCE TO PURSUE THEIR ASPIRATIONS.IN JULY 2024, THE UNIVERSITY OPENED THE AUW LABORATORY SCHOOL, INITIALLY ENROLLING STUDENTS IN GRADES 6-8 WITH PLANS TO EXPAND AS A K-12 SCHOOL OF DISTINCTION. ALONGSIDE LANGUAGE DEVELOPMENT, COMMUNICATION AND STEAM (SCIENCE, TECHNOLOGY, ARTS, AND MATHEMATICS) SUBJECTS, THE SCHOOL PROVIDES A STRONG CO-CURRICULAR PROGRAM INCLUDING LEADERSHIP, RESEARCH AND WRITING, PUBLIC SPEAKING, ENTREPRENEURSHIP, AND STUDENT WELLNESS. AUW ALSO SAW SIGNIFICANT PHYSICAL EXPANSION. A THIRD CAMPUS AREA WAS INAUGURATED AT THE KOREAN EXPORT PROCESSING ZONE (KEPZ), WHICH INCLUDES DORMITORIES, A DINING HALL, AND A LIBRARY. CURRENTLY, 200 STUDENTS RESIDE AT KEPZ. CONSTRUCTION HAS BEGUN ON AUW'S FIRST MAJOR BUILDING ON ITS PERMANENT CAMPUS: THE CAMPUS CENTER, DESIGNED BY RENOWNED ARCHITECT MOSHE SAFDIE, WITH EXPECTED COMPLETION IN 2026. IN THE MEANTIME, AUW HAS RETAINED THE ARCHITECT RENZO PIANO TO REVISE THE EXISTING MASTER PLAN FOR THE AUW CAMPUS IN ORDER TO ULTIMATELY ACCOMMODATE AND SERVE 6,000 RESIDENTIAL STUDENTS. AUW CELEBRATED ITS 11TH COMMENCEMENT TO MARK THE GRADUATION OF THE CLASS OF 2024. THE UNIVERSITY ALSO CONFERRED THREE HONORARY DEGREES: 1. DR. PAULA A JOHNSON, PRESIDENT OF WELLESLEY COLLEGE, WAS AWARDED THE DEGREE OF DOCTOR OF LEADERSHIP (HONORIS CAUSA); 2. MRS. CHERIE BLAIR, FOUNDING CHANCELLOR OF AUW, WAS AWARDED THE DEGREE OF DOCTOR OF JUSTICE (HONORIS CAUSA); 3. HIS EXCELLENCY MR. ITO NAOKI, AMBASSADOR OF JAPAN TO THE SOCIALIST REPUBLIC OF VIETNAM AND FORMER AMBASSADOR OF JAPAN TO BANGLADESH, WAS AWARDED THE DEGREE OF DOCTOR OF DIPLOMACY FOR DEMOCRACY (HONORIS CAUSA).AS WE LOOK FORWARD TO THE FUTURE, AUW REMAINS FIRMLY COMMITTED TO ITS MISSION OF EDUCATING WOMEN FROM THE BROADEST BASE POSSIBLE, CHAMPIONING EQUALITY AND MERIT OF ALL. 7695784 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 8 0 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 1 0 NY MA X X KAMAL AHMAD 6179140500 PO BOX 380768 125 MTAUBURN STEET CAMBRIDGE MA 02238 JACK R MEYER CHAIRMAN 1.00 X X 0 0 0 KAMAL AHMAD PRESIDENT AND CEO 40.00 X X 303576 0 53591 PAUL CIAMPA TREASURER 1.00 X X 0 0 0 NATALIE ACKERMAN BOARD MEMBER 1.00 X 0 0 0 MALCOLM DAHN BOARD MEMBER (THROUGH 12/2023) 1.00 X 0 0 0 LYNN ANN DAVIS BOARD MEMBER 1.00 X 0 0 0 SHEENA IYENGAR BOARD MEMBER (THROUGH 2/2024) 1.00 X 0 0 0 THOM LOCKERBY BOARD MEMBER 1.00 X 0 0 0 KATHY M MATSUI BOARD MEMBER 1.00 X 0 0 0 MIWA SEKI BOARD MEMBER 1.00 X 0 0 0 TINA TCHEN BOARD MEMBER 1.00 X 0 0 0 CARRIE YOON BOARD MEMBER (THROUGH 2/2024) 1.00 X 0 0 0 DAMARIS JOHNSON CONTROLLER 40.00 X 116667 0 32101 420243 0 85692 2 0 1 0 0 2435705 4387184 37053 6822889 1390524 1390524 16287458 16317455 -29997 -29997 -29997 MISCELLANEOUS INCOME 611710 6469 6469 6469 8189885 6469 0 1360527 7292098 7292098 370830 111249 76595 182986 420257 55803 149830 214624 12379 159 3374 8846 79760 12853 26319 40588 41682 8498 12087 21097 1683 1683 158779 158779 429149 186611 82807 159731 34190 4130 3845 26215 8675 8675 117397 1920 16378 99099 6057 6057 DUES AND SUBSCRIPTION 26501 20305 6196 MERCHANT CHARGES 12450 12450 MISCELLANEOUS 4086 2158 1894 34 9015973 7695784 548323 771866 100269 1116062 251762 261457 3812120 1702278 7464 19362 15524 15874 18459 18459 0 0 26660289 27999017 0 9000 30847428 31123050 101235 179761 290705 993974 391940 1173735 X 10746306 14517206 19709182 15432109 30455488 29949315 30847428 31123050 X -826088 399515 -79600 X 0 1 X 1 1 1 X 2818756 12423768 10379704 7705417 6822889 40150534 2818756 12423768 10379704 7705417 6822889 40150534 17674684 22475850 194297 100463 162106 748138 1390524 2595528 2829 3737 1951 3204 6469 18190 42764252 0.52560 0.52120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4207905 11379498 388110 15975513 4085820 122085 4207905 4260277 -174457 4085820 3842195 41880 376202 4260277 3743304 55000 43891 3842195 0.71631 0.22671 0.05698 0 0 18459 18459 0 0 REFUNDABLE ADVANCES 993974 993974 11220800 399515 2711000 -79600 3030915 8189885 0 8189885 11726973 2711000 2711000 9015973 0 9015973 PART XI, LINE 2D - OTHER ADJUSTMENTS: UNFULFILLED PLEDGES -20,000. FOREIGN EXCHANGE LOSS -59,600. 0 SOUTH ASIA 1 382 PROVIDE SCHOLARSHIP GRANT TO STUDENTS ATTENDING THE ASIAN UNIVERSITY FOR WOMEN. SUPPORT LONGER-TERM INSTITUTION BUILDING THROUGH CAMPUS DEVELOPMENT, FACULTY AND SPECIFIC TYPES OF SERVICES IN THE REGION: SUPPORT LONGER-TERM INSTITUTION BUILDING THROUGH CAMPUS DEVELOPMENT, FACULTY AND ADMINISTRATIVE SALARIES, AND COSTS, STUDENT HOUSING AND MEALS, HEALTH CARE, AND SECURITY SERVICES. 7695784 1 382 0 0 1 382 7695784 0 7695784 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, AUWSF HAS FOUR KEY FUNCTIONS: (I) LONG-TERM STRATEGIC AND FINANCIAL PLANNING OF THE ASIAN UNIVERSITY FOR WOMEN; (II) MOBILIZATION OF FUNDS AND OTHER RESOURCES IN SUPPORT OF THE MISSION OF THE UNIVERSITY; (III) SERVE AS THE CUSTODIAN AND MANAGER OF ENDOWMENT FUNDS; AND (IV) EXTERNAL COMMUNICATIONS AND NETWORKS FOR ALL GRANTS MADE TO THE ASIAN UNIVERSITY FOR WOMEN, THE UNIVERSITY'S MANAGEMENT LED BY THE VICE CHANCELLOR AND THE CHIEF FINANCIAL OFFICER IS RESPONSIBLE FOR DISBURSEMENT AND THE ACCOUNTING OF FUNDS CONTRIBUTED BY AUWSF IN ACCORDANCE WITH THE TERMS OF THE GRANT AS WELL AS IN COMPLIANCE OF ALL RELEVANT INSTITUTIONAL POLICIES AND PROCEDURES. THE UNIVERSITY IS ANNUALLY AUDITED - BOTH INTERNALLY AND EXTERNALLY - AND THE AUDITED FINANCIAL REPORTS ARE THEN PUBLISHED IN THE WEBSITE OF WWW.ASIAN-UNIVERSITY.ORG. 7292098 WIRE TRANSFER 0 1 0 0 0 0 0 0 PART I, LINE 2: AUWSF PROVIDES GRANT PAYMENTS TO AUW. AUW FINANCE STAFF DISBURSES FUNDS UNDER THE GUIDANCE AND APPROVAL OF AUW'S CFO IN ACCORDANCE WITH ITS OWN PROCUREMENT POLICIES AND PROCEDURES. AUW PROVIDES TO AUWSF MONTHLY DETAILS OF THE DISBURSEMENT AND BANK RECORDS. THESE FILES ARE THEN REVIEWED BY AUWSF AND RECORDED IN FINANCIAL RECORDS. CERTAIN DONORS REQUIRE THEIR OWN SEPARATE AUDITING OF FUNDS. X X 0 0 0 0 0 0 0 0 0 KAMAL AHMAD PRESIDENT AND CEO 303576 0 0 0 0 0 24000 0 29591 0 357167 0 0 0 X 5 37053 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THERE IS NO COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B PRESIDENT AND CEO, KAMAL AHMAD, REVIEWS WHEN HE SIGNS THE 990. FORM 990, PART VI, SECTION B, LINE 12C A COPY OF THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL DIRECTORS, OFFICERS AND EMPLOYEES UPON HIRING AND EACH MUST SIGN AN ACKNOWLEDGEMENT OF RECEIPT. NO CONTRACT OR OTHER TRANSACTION BETWEEN THE CORPORATION AND ONE OR MORE OF ITS DIRECTORS OR OFFICERS, OR BETWEEN THE CORPORATION, AND ANY OTHER CORPORATION, FIRM, ASSOCIATION OR OTHER ENTITY IN WHICH ONE OR MORE OF ITS DIRECTORS OR OFFICERS ARE DIRECTORS OR OFFICERS, OR HAVE A SUBSTANTIAL FINANCIAL INTEREST, SHALL BE EITHER VOID OR VOIDABLE FOR THIS REASON ALONE OR BY REASON ALONE THAT SUCH DIRECTOR OR DIRECTORS OR OFFICER OR OFFICERS ARE PRESENT AT A MEETING OF THE BOARD OF DIRECTORS, OR OF A COMMITTEE THEREOF, WHICH AUTHORIZES SUCH CONTRACT OR TRANSACTION, OR THAT HIS OR HER OR THEIR VOTES ARE COUNTED FOR SUCH PURPOSE, IF THE MATERIAL FACTS AS TO SUCH DIRECTOR'S OR OFFICER'S INTEREST IN SUCH CONTRACT OR TRANSACTION AND AS TO ANY SUCH COMMON DIRECTORSHIP, OFFICERSHIP OR FINANCIAL INTEREST ARE DISCLOSED IN GOOD FAITH OR KNOWN TO THE BOARD OR COMMITTEE, AS THE CASE MAY BE, AND THE BOARD OR COMMITTEE AUTHORIZES SUCH CONTRACT OR TRANSACTION BY A VOTE SUFFICIENT FOR SUCH PURPOSE WITHOUT COUNTING THE VOTE OR VOTES OF SUCH INTERESTED DIRECTOR OR DIRECTORS OR OFFICER OR OFFICERS. IF THERE WAS NO SUCH DISCLOSURE OR KNOWLEDGE, OR IF THE VOTE OF SUCH INTERESTED DIRECTOR OR OFFICER WAS NECESSARY FOR THE AUTHORIZATION OF SUCH CONTRACT OR TRANSACTION AT A MEETING OF THE BOARD OF DIRECTORS OR COMMITTEE AT WHICH IT WAS AUTHORIZED, THE CORPORATION MAY AVOID THE CONTRACT OR TRANSACTION UNLESS THE PARTY OR PARTIES THERETO ESTABLISH AFFIRMATIVELY THAT THE CONTRACT OR TRANSACTION WAS FAIR AND REASONABLE AS TO THE CORPORATION AT THE TIME IT WAS AUTHORIZED BY THE BOARD OF DIRECTORS OR A COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR CEO IS SET BY CHAIRMAN OF THE BOARD. KEY EMPLOYEE SALARY IS DETERMINED AFTER ANNUAL PERFORMANCE REVIEW. FORM 990, PART VI, SECTION C, LINE 19 OUR OWN WEBSITE: WWW.ASIAN-UNIVERSITY.ORG FORM 990, PART XI, LINE 9: UNFULFILLED PLEDGES -20,000. FOREIGN EXCHANGE LOSS -59,600.