| FORM 990, PART III, LINE 1: |
AIEF IS THE CHARITABLE ORGANIZATION AFFILIATED WITH THE AMERICAN ISRAEL PUBLIC AFFAIRS COMMITTEE (AIPAC). AIEF MAKES GRANTS TO AIPAC THAT ARE CONSISTENT WITH THE FOUNDATIONS STATUS AS A CHARITABLE AND EDUCATIONAL 501(C)(3) ORGANIZATION, SUPPORTING EDUCATIONAL PROGRAMS INCLUDING MIDDLE EAST RESEARCH, EDUCATIONAL MATERIALS AND CONFERENCES, AND LEADERSHIP PROGRAMS FOR UNIVERSITY STUDENTS, AS WELL AS SPONSORED TRIPS TO HELP EDUCATE POLITICAL LEADERS AND INFLUENTIALS ABOUT THE IMPORTANCE OF THE UNITED STATES-ISRAEL RELATIONSHIP. FORM 990, PART III, LINE 3: THE COVID-19 PANDEMIC, WHOSE EFFECTS FIRST BECAME KNOWN IN JANUARY 2020, IS HAVING A BROAD AND NEGATIVE IMPACT ON THE GLOBAL ECONOMY AND FINANCIAL MARKETS AROUND THE WORLD. BEGINNING IN MARCH 2020, THE RESTRICTIONS FROM THE PANDEMIC IMPACTED THE FOUNDATIONS IN-PERSON ENGAGEMENT MODEL WHICH RESULTED IN THE CANCELLATION OF EVENTS, TRIPS, AND MEETINGS. AT THE ONSET OF THE PANDEMIC, THE FOUNDATION QUICKLY SHIFTED ITS STRATEGY TO USING VIRTUAL PROGRAMMING TO CONDUCT EDUCATION WORK UNTIL IN-PERSON PROGRAMMING IS ABLE TO RESUME. THE PANDEMIC ALSO IMPACTED ITS ABILITY TO FUNDRAISE AT THE HISTORICAL LEVELS RESULTING IN A DECREASE IN CONTRIBUTIONS FROM DONORS. TO OFFSET THE IMPACT OF THE PANDEMIC ON ITS OPERATIONS, THE FOUNDATION HAS IMPLEMENTED COST SAVING MEASURES AND WILL CONTINUE TO DO SO AS APPROPRIATE. WHILE THERE HAS BEEN PROGRESS IN DEVELOPING AND DISTRIBUTING A COVID-19 VACCINE, THERE CONTINUES TO BE UNCERTAINTY AROUND THE BREADTH AND DURATION OF THE BUSINESS DISRUPTION, AS WELL AS ITS IMPACT ON THE GLOBAL ECONOMY. NONETHELESS, THE FOUNDATION WILL CONTINUE TO MONITOR THE FINANCIAL AND BUSINESS IMPLICATIONS OF THE PANDEMIC ON ITS OPERATIONS AND WILL IMPLEMENT NEW STRATEGIES AS APPROPRIATE. |
| FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICES: |
THE AIPAC TOMORROW CAMPAIGN IS THE PLANNED GIVING AND ENDOWMENT INITIATIVE OF AIPAC AND AIEF WHICH ALLOWS OUR DONORS TO INVEST IN THE FUTURE STRENGTH AND SECURITY OF THE U.S.-ISRAEL RELATIONSHIP THROUGH FINANCIAL AND ESTATE PLANNING. EXPENSES $52,396. INCLUDING GRANTS OF $0. REVENUE $0. OTHER PROGRAM SERVICES THAT PROVIDE INFORMATION AND MEMBER EDUCATION EXPENSES $17,920,130. INCLUDING GRANTS OF $0. REVENUE $0. |
| FORM 990, PART V, LINE 2A: |
THE FOUNDATION DOES NOT HAVE ANY EMPLOYEES. THE FOUNDATION UTILIZES AIPAC EMPLOYEES THROUGH A SHARED SERVICES ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 11: THE FORM 990 IS REVIEWED BY THE CONTROLLER, DIRECTOR OF FINANCE, AND CFO PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C: |
1. EACH DIRECTOR AND OFFICER OF AIEF (HEREAFTER "KEY PERSON") IN A POSITION TO INFLUENCE OR TO VOTE UPON ANY POLICY OR BUSINESS OF AIEF SHALL EXERCISE GOOD FAITH IN ALL TRANSACTIONS RELATING TO AIEF, AND SHALL NOT USE HIS OR HER POSITION OR KNOWLEDGE GAINED THEREFROM, DIRECTLY OR INDIRECTLY, TO PERMIT A CONFLICT OF INTEREST TO ARISE BETWEEN THE INTERESTS OF AIEF AND THE PERSONAL AND/OR BUSINESS INTERESTS OF ANY KEY PERSON, INCLUDING THOSE OF IMMEDIATE FAMILY MEMBERS OF SUCH KEY PERSONS. 2. PRIOR TO THE AUTHORIZATION AND DISCUSSION OF ANY POLICY OR BUSINESS TO BE ADOPTED OR CONDUCTED BY AIEF, SHOULD ANY KEY PERSON, INCLUDING THOSE OF IMMEDIATE FAMILY MEMBERS OF KEY PERSONS, HAVE ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST BETWEEN AIEF AND THE POLICY OR BUSINESS TO BE CONSIDERED, SUCH KEY PERSON SHALL DISCLOSE SUCH RELATIONSHIP OR INTEREST TO THE BOARD OR BOARD COMMITTEE ACTING ON THE POLICY OR BUSINESS TO BE AUTHORIZED. HOWEVER, SHOULD THE POLICY OR BUSINESS TO BE ADOPTED OR CONDUCTED BY AIEF INVOLVE ANY OFFER FOR THE PURCHASE OF GOODS OR SERVICES, IN WHICH ANY KEY PERSON OR ANY LAY LEADER OF AIEF, HAS A PERSONAL RELATIONSHIP OR OTHER INTEREST, SUCH POLICY OR BUSINESS MATTER SHALL FIRST BE REFERRED TO THE BOARD FOR REVIEW AND RECOMMENDATION TO THE BOARD. 3. UPON DISCLOSURE OF SUCH RELATIONSHIP, INTEREST AND/OR RECOMMENDATION OF THE BOARD FOLLOWING REVIEW, THE KEY PERSON MAKING SUCH DISCLOSURE SHALL NOT PARTICIPATE IN ANY OF THE DISCUSSIONS CONCERNING THE AUTHORIZATION OF THE POLICY OR BUSINESS IN WHICH THE INTEREST OR RELATIONSHIP HAS BEEN DISCLOSED, NOR SHALL SUCH KEY PERSON BE PERMITTED TO COUNT IN DETERMINING THE EXISTENCE OF A QUORUM OR OTHERWISE VOTE IN THE MATTER BEING DISCUSSED. 4. THE MINUTES OF ANY SUCH MEETING SHALL REFLECT THE DISCLOSURE MADE, THE VOTE TAKEN, AND WHERE APPLICABLE, THE ABSTENTION FOR PARTICIPATION AND VOTING OF THE KEY PERSON WHO HAS MADE THE REQUIRED DISCLOSURE. 5. THIS CONFLICT OF INTEREST POLICY SHALL BE PROVIDED TO EACH KEY PERSON AT THE MEETING OF THE BOARD OF DIRECTORS FOLLOWING AIPAC'S ANNUAL POLICY CONFERENCE. IN ADDITION, EACH NEW KEY PERSON SHALL BE PROVIDED A COPY OF THIS POLICY UPON COMMENCEMENT OF HIS OR HER POSITION AS A KEY PERSON WITH AIEF. 6. KEY PERSONS OF THE ORGANIZATION SHALL NEITHER SOLICIT NOR ACCEPT GRATUITIES, FAVORS, OR ANYTHING OF MONETARY VALUE FROM VENDORS OR PARTIES TO SUB-AGREEMENTS. HOWEVER, UNSOLICITED GIFTS OF A NOMINAL VALUE MAY BE ACCEPTED ONLY WITH THE APPROVAL OF THE EXECUTIVE DIRECTOR. PERSONS OF THE ORGANIZATION SHALL NEITHER SOLICIT NOR ACCEPT GRATUITIES, FAVORS, OR ANYTHING OF MONETARY VALUE FROM VENDORS OR PARTIES TO SUB-AGREEMENTS. HOWEVER, UNSOLICITED GIFTS OF A NOMINAL VALUE MAY BE ACCEPTED ONLY WITH THE APPROVAL OF THE EXECUTIVE DIRECTOR. |
| FORM 990, PART VI, SECTION C, LINE 19: |
To the extent that AIEF's state charitable registrations require the provision of governing documents and financial statements, those documents are made available through public request channels. |
| FORM 990, PART XI, LINE 9, OTHER CHANGES IN NET ASSETS: |
CHANGE IN VALUE OF BENEFICIAL INTEREST IN CHARITABLE LEAD TRUST -18,457 FOREIGN CURRENCY GAIN 4,471 |
Attach to Form 990 or 990-EZ.