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Nonprofiteer
← WEIZMANN CHAIRS AND SCHOLARSHIPS ENDOWMENT INC

Form 990 for tax year 2023

Filed by WEIZMANN CHAIRS AND SCHOLARSHIPS ENDOWMENT INC.

Totals

Total revenue
$45,646,642
Total expenses
$39,104,874
Contributions and grants received
$0
Grants paid
$38,875,060
Program service revenue
$0
Investment income
$45,646,642
Other revenue
$0
Total assets, end of year
$897,499,602
Total liabilities, end of year
$9,925,744
Net assets or fund balances, end of year
$887,573,858
Program services expenses (Part IX)
$38,875,060
Management and general expenses
$229,814
Fundraising expenses
$0
Program service expenses (Part III)
$38,875,060

Program services were 99.4% 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 $2,515,624 · unrelated business -$863,829 · excluded $3,379,453

  • 7a · Gross sales of assets other than inventory

    securities $38,640,824

  • 7b · Less cost or other basis and sales expenses

    securities -$4,490,194

  • 7c · Gain or loss

    securities $43,131,018

  • 7d · Net gain or loss

    total $43,131,018 · excluded $43,131,018

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $38,875,060 · program services $38,875,060

  • 5 · Compensation of officers, directors and key employees

    total $48,532 · management and general $48,532

  • 11b · Fees: legal

    total $118,700 · management and general $118,700

  • 23 · Insurance

    total $13,277 · management and general $13,277

  • 24a · Other expenses: UBIT EXPENSE

    total $49,267 · management and general $49,267

  • 24e · All other expenses

    total $38 · management and general $38

Balance sheet

Part X, book values.

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,399

  • 12 · Investments: other securities

    beginning of year $852,526,994 · end of year $897,499,602

  • 17 · Accounts payable and accrued expenses

    beginning of year $166,080 · end of year $206,977

  • 25 · Other liabilities

    beginning of year $9,307,013 · end of year $9,718,767

  • 27 · Net assets without donor restrictions

    beginning of year $843,065,300 · end of year $887,573,858

Mission and programs · 2023

Mission

THE ORGANIZATION WAS FORMED EXCLUSIVELY TO SUPPORT THE CHARITABLE, EDUCATIONAL, SCIENTIFIC, AND LITERARY ACTIVITIES OF THE WEIZMANN INSTITUTE OF SCIENCE ("INSTITUTE"); SEE SCHEDULE O.

Activities or mission (Part I)

THE ORGANIZATION BENEFITS THE WEIZMANN INSTITUTE OF SCIENCE ("INSTITUTE"). SEE SCHEDULE O.

  • INSTITUTE SUPPORT: THE ORGANIZATION MAKES GRANTS TO THE INSTITUTE IN SUPPORT OF THE INSTITUTE'S CHARITABLE, EDUCATIONAL, SCIENTIFIC, AND LITERARY ACTIVITIES, PARTICULARLY, BUT NOT EXCLUSIVELY, TO FUND PROFESSIONAL CHAIRS. SEE SCHEDULE O FOR MORE INFORMATION.

    Expenses $38,875,060 · Grants $38,875,060

As filed on the 2023 return.

Listed in Part VII

  • ZVULUN ELAZAR

    DIRECTOR

    Total calculated
    $264,355
    From this org
    $0
    From related orgs
    $264,355
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $188,251 related
    Bonus
    $0
    Other
    $0 + $76,104 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $264,355 related

  • HAIM HARARI

    DIRECTOR

    Total calculated
    $1,084
    From this org
    $0
    From related orgs
    $1,084
    Other
    $0
    Hours/week
    1 + 1 related

  • DANIEL HIRSCH

    CHAIR & DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CATHERINE BECK

    DIRECTOR (THRU 05/2024)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DORON COHEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JULIAN DWEK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MARIO FLECK

    DIRECTOR (START 07/2023)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LEON GOULD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVEN ROMICK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ERIC STUPP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • AMY WAGNER

    EXEC. DIRECTOR & SECRETARY

    Total calculated
    $46,944
    From this org
    $0
    From related orgs
    $43,000
    Other
    $3,944
    Hours/week
    10

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

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

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202521349349309752

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