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AMERICAN FRIENDS OF<br />
THE HEBREW UNIVERSITY, INC.<br />
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION<br />
AS OF SEPTEMBER 30, <strong>2022</strong> AND 2021 (IN THOUSANDS)<br />
CONSOLIDATED STATEMENTS OF ACTIVITIES FOR THE YEARS<br />
AS OF SEPTEMBER 30, <strong>2022</strong> AND 2021 (IN THOUSANDS)<br />
ASSETS <strong>2022</strong> 2021<br />
SUPPORT <strong>2022</strong> 2021<br />
AMERICAN FRIENDS OF THE HEBREW UNIVERSITY | <strong>2022</strong> ANNUAL REPORT<br />
Cash and cash equivalents<br />
Contributions receivable, net<br />
Interest receivables and other assets<br />
Marketable securities and other investments<br />
Investment in split-interest agreements<br />
State of Israel bonds<br />
Real estate holdings<br />
Assets of trusts and other split-interest agreements held by others<br />
Property and Equipment, net<br />
13,894<br />
36,882<br />
1,759<br />
654,659<br />
23,911<br />
265<br />
915<br />
21,114<br />
604<br />
16,892<br />
26,600<br />
1,995<br />
825,615<br />
29,719<br />
312<br />
2,865<br />
26,020<br />
666<br />
TOTAL ASSETS $754,003 $930,684<br />
LIABILITIES <strong>2022</strong> 2021<br />
Accounts payable and accrued liabilities<br />
Liability under split-interest agreements<br />
Due to Hebrew University<br />
Loans payable - PPP loan<br />
Total Liabilities<br />
3902<br />
15,768<br />
18,365<br />
—<br />
38,035<br />
3,188<br />
17,110<br />
21,893<br />
1,200<br />
43,391<br />
NET ASSETS <strong>2022</strong> 2021<br />
Net assets without donor restrictions<br />
Net assets with donor restrictions<br />
Total Net Assets<br />
21,421<br />
694,547<br />
715,968<br />
27,320<br />
859,973<br />
887,293<br />
TOTAL LIABILITIES AND NET ASSETS $754,003 $930,684<br />
Contributions and events<br />
Legacies and bequests<br />
Total support<br />
REVENUE<br />
Net investment income (loss)<br />
Changes in value of split-interest agreements<br />
Changes in assets of trusts and other split-interest agreements held<br />
by others<br />
Other Income<br />
Post Retirement Benefit Change<br />
Net asset redesignations due to clarification of donor intent<br />
57,470<br />
4,219<br />
61,689<br />
(143,224)<br />
(5,470)<br />
(3,468)<br />
1,200<br />
0<br />
0<br />
36,723<br />
10,390<br />
47,113<br />
179,133<br />
3,061<br />
1,764<br />
1,035<br />
TOTAL SUPPORT AND REVENUE $(89,273) $232,150<br />
EXPENSES <strong>2022</strong> 2021<br />
Program Services<br />
Grants to Hebrew University<br />
Grants to other charitable and educational institutions in the<br />
United States and Israel<br />
Educational and other programs<br />
68,713<br />
254<br />
2,312<br />
44<br />
0<br />
61,580<br />
140<br />
2,043<br />
TOTAL PROGRAM SERVICES $71,279 $63,763<br />
SUPPORTING SERVICES <strong>2022</strong> 2021<br />
Management and general<br />
3,758<br />
3,607<br />
AMERICAN FRIENDS OF THE HEBREW UNIVERSITY | <strong>2022</strong> ANNUAL REPORT<br />
Fundraising<br />
7,015<br />
6,431<br />
Total supporting services<br />
10,773<br />
10,038<br />
Total expenses<br />
82,052<br />
73,801<br />
Change in net assets<br />
(171,325)<br />
158,349<br />
NET ASSETS <strong>2022</strong> 2021<br />
Beginning of year<br />
End of year<br />
887,293<br />
715,968<br />
728,944<br />
887,293<br />
18 19
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