Hillel Jewish University Center

“Hillel juc's endowment consists of an undesignated fund historically used for capital improvements, and an investment fund established primarily for support of the director of jewish student life at the university of pittsburgh. As required by generally accepted accounting principles, net assets associated with endowment funds, including funds designated by hillel juc to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions. Interpretation of relevant law - the board has determined that it is appropriate for the donor-restricted endowment funds of hillel juc to be governed by the commonwealth of pennsylvania's act 141 (act 141), in accordance with the policy of the federation. Act 141 is a total return policy that allows a nonprofit to choose to treat a percentage of the average market value of the endowment's investments as income each year, however the long-term preservation of the real value of the assets must be taken into consideration when the board elects the amount. On an annual basis, hillel juc must approve the federation's disbursement rate of between 2% and 7%. This percentage is applied to the average market value of the investments at the end of the prior year. Average market value is based on the previous three years. Hillel juc classifies as net assets with donor restrictions the original value of gifts donated to the endowment and the original value of subsequent gifts to the endowment. This percentage is applied to a three-year average market value of the investments at december 31 of the previous year. The hillel juc considers the following factors in making a determination to set a spending rate: 1. Protecting the corpus of the endowment fund. 2. Preserving the spending power of the assets. 3. Obtaining maximum investment return with reasonable risk and operational consideration. 4. Complying with applicable laws and donor restrictions.”

“Hillel juc is a tax-exempt organization under section 501(c)(3) of the internal revenue code (irc), therefore no provision for income taxes is necessary. Hillel juc follows the codification topic on income taxes, which prescribes a minimum recognition threshold and measurement methodology that a tax position taken or expected to be taken in a tax return is required to meet before being recognized in financial statements. Hillel juc classifies interest and penalties as income tax expense, if incurred. Hillel juc's statements of financial position at june 30, 2025 and 2024 do not include any liabilities associated with uncertain tax positions; further, hillel juc has no unrecognized tax benefits.”

“Fundraising expenses 75,588.”

“Fundraising expenses 75,588.”