Form 990 for tax year 2024

Filed by YESHIVA ENDOWMENT FOUNDATION INC.

Totals

Total revenue: $1,758,705
Total expenses: $2,257,422
Contributions and grants received: $0
Grants paid: $2,257,421
Program service revenue: $0
Investment income: $1,758,705
Other revenue: $0
Total assets, end of year: $35,198,443
Total liabilities, end of year: $4,000
Net assets or fund balances, end of year: $35,194,443
Program services expenses (Part IX): $2,257,421
Management and general expenses: $1
Fundraising expenses: $0
Program service expenses (Part III): $2,257,421

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

3 · Investment income

total $300,677 · excluded $300,677
4 · Income from investment of tax-exempt bond proceeds

total $0
5 · Royalties

total $0
6c · Rental income or loss

real property $0 · personal property $0
6d · Net rental income or loss

total $0
7a · Gross sales of assets other than inventory

securities $30,568,954
7b · Less cost or other basis and sales expenses

securities $29,110,926
7c · Gain or loss

securities $1,458,028
7d · Net gain or loss

total $1,458,028 · excluded $1,458,028
8a · Fundraising events: gross income

$0
8b · Fundraising events: direct expenses

$0
8c · Net income from fundraising events

total $0
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0
10a · Gross sales of inventory

$0
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $1,761,877 · program services $1,761,877
2 · Grants to domestic individuals

total $495,544 · program services $495,544
3 · Grants to foreign organizations and individuals

total $0
4 · Benefits paid to or for members

total $0
5 · Compensation of officers, directors and key employees

total $0
6 · Compensation of disqualified persons

total $0
7 · Other salaries and wages

total $0
8 · Pension plan contributions

total $0
9 · Other employee benefits

total $0
10 · Payroll taxes

total $0
11a · Fees: management

total $0
11b · Fees: legal

total $0
11c · Fees: accounting

total $0
11d · Fees: lobbying

total $0
11e · Fees: professional fundraising services

total $0
11f · Fees: investment management

total $0
11g · Fees: other

total $0
12 · Advertising and promotion

total $0
13 · Office expenses

total $1 · management and general $1 · fundraising $0
14 · Information technology

total $0
15 · Royalties

total $0
16 · Occupancy

total $0
17 · Travel

total $0
18 · Travel or entertainment for public officials

total $0
19 · Conferences, conventions and meetings

total $0
20 · Interest

total $0
21 · Payments to affiliates

total $0
22 · Depreciation, depletion and amortization

total $0
23 · Insurance

total $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $0 · end of year $0
2 · Savings and temporary cash investments

beginning of year $0 · end of year $0
3 · Pledges and grants receivable

beginning of year $0 · end of year $0
4 · Accounts receivable

beginning of year $0 · end of year $0
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $0 · end of year $0
10c · Land, buildings and equipment, net

beginning of year $0 · end of year $0
11 · Investments: publicly traded securities

beginning of year $8,686,005 · end of year $8,492,661
12 · Investments: other securities

beginning of year $25,876,496 · end of year $26,601,236
13 · Investments: program-related

beginning of year $0 · end of year $0
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $585,784 · end of year $104,546
17 · Accounts payable and accrued expenses

beginning of year $3,200 · end of year $4,000
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $0 · end of year $0
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $0 · end of year $0
27 · Net assets without donor restrictions

beginning of year $1,675,632 · end of year $2,585,860
28 · Net assets with donor restrictions

beginning of year $33,469,453 · end of year $32,608,583

Mission and programs · 2024

Mission

ENDOWMENTS FOR THE BENEFIT OF YESHIVA UNIVERSITY AND THE RABBI ISAAC ELCHANAN THEOLOGICAL SEMINARY.

ENDOWMENTS FOR THE BENEFIT OF YESHIVA UNIVERSITY AND THE RABBI ISAAC ELCHANAN THEOLOGICAL SEMINARY.

Expenses $1,761,877 · Grants $1,761,877
DIRECT STUDENT EDUCATIONAL AWARDS

Expenses $495,544 · Grants $495,544

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Rabbi Dr Ari D BermanRABBI DR ARI D BERMAN

PRESIDENT-DIRECTOR

Total calculated

$1,186,985

From this org

$0

From related orgs

$992,282

Other

$194,703

Hours/week

1 + 35 related

Schedule J breakdown matched by us

Base

$0 + $788,811 related

Bonus

$0 + $175,000 related

Other

$0 + $28,471 related

Deferred

$0 + $17,250 related

Nontaxable benefits

$0 + $177,453 related

Filer's total

$0 + $1,186,985 related
Andrew J LauerANDREW J LAUER

VP-SECTY-GENERAL COUNSEL

Total calculated

$649,424

From this org

$0

From related orgs

$475,255

Other

$174,169

Hours/week

1 + 35 related

Schedule J breakdown matched by us

Base

$0 + $456,060 related

Bonus

$0

Other

$0 + $19,195 related

Deferred

$0 + $17,250 related

Nontaxable benefits

$0 + $156,919 related

Filer's total

$0 + $649,424 related
Michael SchreiberMICHAEL SCHREIBER

VP/TREASURER/CFO

Total calculated

$450,280

From this org

$0

From related orgs

$391,224

Other

$59,056

Hours/week

1 + 35 related

Schedule J breakdown matched by us

Base

$0 + $378,866 related

Bonus

$0

Other

$0 + $12,358 related

Deferred

$0 + $17,250 related

Nontaxable benefits

$0 + $41,806 related

Filer's total

$0 + $450,280 related
Moshael J StrausMOSHAEL J STRAUS

DIRECTOR-CHAIR

Total calculated

$0

Hours/week

1 + 1 related
Ludwig BravmannLUDWIG BRAVMANN

DIRECTOR - DECEASED

Total calculated

$0

Hours/week

1 + 1 related
Philip FriedmanPHILIP FRIEDMAN

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
Dr Henry KresselDR HENRY KRESSEL

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
Matthew J MarylesMATTHEW J MARYLES

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
Michael JesselsonMICHAEL JESSELSON

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
Ira M MitznerIRA M MITZNER

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
Joshua L MussJOSHUA L MUSS

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
Mark SilberMARK SILBER

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
Shira YoshorSHIRA YOSHOR

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
Elliot GibberELLIOT GIBBER

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
Ira DizengoffIRA DIZENGOFF

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
Lance HirtLANCE HIRT

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
Michael D KatzMICHAEL D KATZ

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

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 AND RABBI LAUER 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).

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

YESHIVA UNIVERSITY

$1,431,687

EDUCATION
RABBI ISAAC ELCHANAN THEOLOGICAL SEMINARY

$330,190

EDUCATION

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

YESHIVA UNIVERSITY

501(C)(3) · EDUCATION · NY

Directly controlled by NA
YESHIVA UNIVERSITY IN ISRAEL

501(c)(3) · EDUCATION · IS

Directly controlled by YU
CAROLINE JOSEPH GRUSS INST YU IN ISRAEL

501(c)(3) · EDUCATION · IS

Directly controlled by YU
CANADIAN FRIENDS OF YESHIVA UNIVERSITY

501(c)(3) · EDUCATION · CA

Directly controlled by YU
RABBI ISAAC ELCHANAN THEOL SEMINARY

501(C)(3) · EDUCATION · NY

Directly controlled by NA
YESHIVA UNIVERSITY WOMEN'S ORGANIZATION

501(C)(3) · FUNDRAISING · NY

Directly controlled by NA

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

CFIP CORPORATION

C · REAL ESTATE · NY · 100% owned · share of income $0 · share of assets $82,113 · controlled entity

Directly controlled by YEF
DEEGAN VIEW DEVELOPMENT CORPORATION

C · REAL ESTATE · NY · 100% owned · share of income $0 · share of assets $0 · controlled entity

Directly controlled by YEF
HIGH BRIDGE PROPERTIES INC

C · REAL ESTATE · NY · 100% owned · share of income $0 · share of assets $35,106 · controlled entity

Directly controlled by YEF
TREC PROPERTIES INC

C · REAL ESTATE · NY · 100% owned · share of income $0 · share of assets $0 · controlled entity

Directly controlled by YEF
BRIDGE PROPERTY INC

C · REAL ESTATE · NY · 100% owned · share of income $0 · share of assets $47,368 · controlled entity

Directly controlled by YEF
EASTCHESTER PROPERTIES INC

C · REAL ESTATE · NY · 0% owned · share of income $0 · share of assets $0

Directly controlled by YESHIVA UNIV
LAUREL HILL DEVELOPMENT CORPORATION

C · REAL ESTATE · NY · 0% owned · share of income $0 · share of assets $0

Directly controlled by YESHIVA UNIV
OBC CORP

C · REAL ESTATE · NY · 0% owned · share of income $0 · share of assets $0

Directly controlled by YESHIVA UNIV
557 WEST 185 ST CORP

C · REAL ESTATE · NY · 0% owned · share of income $0 · share of assets $0

Directly controlled by YESHIVA UNIV
FACILITIES 2000 INC

C · REAL ESTATE · NY · 0% owned · share of income $0 · share of assets $0

Directly controlled by YESHIVA UNIV
VAN NEST CORP

C · REAL ESTATE · NY · 0% owned · share of income $0 · share of assets $0

Directly controlled by YESHIVA UNIV
55 FIFTH AVENUE CONDOMINIUM

C · REAL ESTATE · NY · 0% owned · share of income $0 · share of assets $0

Directly controlled by YESHIVA UNIV
215 LEXINGTON AVENUE CONDOMINIUM

C · REAL ESTATE · NY · 0% owned · share of income $0 · share of assets $0

Directly controlled by YESHIVA UNIV
CHARITABLE REMAINDER TRUSTS (15)

T · FUNDRAISING · NY · share of income $0 · share of assets $0

Directly controlled by NA
REMINGTON DEV CORP

C · 0% owned · share of income $0 · share of assets $0

Directly controlled by YESHIVA UNIV

Provenance

Return type: form_990
Tax year: 2024
Filed: 12 May 2026
IRS schema version: 2024v5.2
Source object: 202601339349308900

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