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hilis, Return of Private Foundation OMB No 1545-0052 Form• 990-PF or Section 4947( a)(1) Nonexempt Charitable Trust I 008 Department of the Treasury Treated as a Private Foundation Internal Revenue Service Note : The foundation may be able to use a copy of this return to satisfy state reporting requirements For calendar year 2008, or tax year beg inning 06 / 01 r 2008 , and ending 05 / 31 , 2009 G Check all that apply initial return Final return Amended return T_Address chance I Nama rh..,.,o Name of foundation A Employer Identification number Use the IRS label. CENTURY 21 ASSOCIATES FOUNDATION INC 22-2412138 Otherwise , Number and street ( or P 0 box number if mail is not delivered to street address) Room/suite B Telephone number ( see page 10 of to vebucbore) print or type. See Specific 22 CORTLANDT STREET _ Instructions . City or town , state, and ZIP code C If exemption application is pending , check here • • . D 1. Foreign organizations , check here , NEW YORK , NY 10007 2. Foreign organizations meeting the co ones . here and attach H Check type of organization. X Section 501 ( c 3 lucom exempt private foundation cam p utation Section 4947 ( a)( 1 ) nonexem pt charitable trust Other taxable p rivate foundation E If private foundation status was terminated I Fair market value of all assets at end J Accounting method : Cash X] Accrual under section 507(b)(1)(A) , check here . 0. El of year (from Part ll, col. (c), line Other (specify) _ _ _ _ __________________ F If the foundation Is in afi0-monthtermination 16) ' $ 5 , 440 , 73 6. (Part /, column (d) must be on cash basis.) under section 507(b)(1)(B), check here • JiMM Analysis of Revenue and Expenses (The (d) Disbursements total of amounts in columns (b), (c), and (d) (a) Revenue and (b) Net investment (c) Adjusted net expenses per for charitable may not necessanly equal the amounts in income income purposes column books (a) (see page 11 of the instructions (cash basis only) I Contnbutlons dts, grants , etc, received (attach schedule) 5 , 205 , 500. • - if the foundation is not required to 2 Check 10. attach Sch B. 3 Interest on savings and temporary cash investments 15 , 140. 15 , 14 0. - = STMT 1 - 4 Dividends and interest from securities , , , , 19 , 810. 19 , 810. STMT 2 5a Gross rents . - - - - b Net rental income or (loss) - d 6a Net gain or (loss ) from sale of assets not on line 10 93 , 453. b Gross sales pnce for all _ dt assets on line 6a 1 , 080 , 470 . - - 7 Capital gain net income (from Part IV, line 2) , 93 , 453. 8 Net short-term capital gain , , • , , , , , , - - 9 Income modifications • • • • • • • • • • • • 10 a Gross sales less returns and allowances b Less Cost of goods sold - - c Gross profit or (loss) (attach sche t0 . , U - - 11 Other income ( attach schedule 79 .1 6n% 50 083. STMT 3 1. V 12 Total . Add lines 1 throw h 11 5 612 ,.1 9291^ 17 8 4 8 6 . 13 Compensation of officers , directors , NONE 14 Other employee salaries and w&-^ U) 15 Pension plans , employee benefits . • . , 16a Legal fees CL (attach schedule) • • • • • • • • • X b Accounting fees (attach schedule) • • • • • • c Other professional fees (attach schedule), , , 17 Interest . STJ4 I' . 4 17 , 18 Taxes (attach schedule) ( see page 14 of the instrucbonst 3 , 500. 19 Depreciation (attach schedule) and depletion, 20 Occupancy . 0 21 Travel , conferences , and meetings . , 22 Printing and publications . , . c 23 Other expenses (attach schedule) STMT. 6 901. 901. zcff 24 Total operating and administrative expenses. ^a Add lines 13 through 23 , C 25 Contributions , gifts, grants paid . 4 615 782. - 4 615 , 782. L Total 26 expenses and disbursements Add lines 24 and 25 6 20, 4 . 27 Subtract line 26 from line 12: a Excess of revenue over expenses and disbursements • 992 , 736. L a b Net Investment Income ( if negative, enter U -0-) 17 8 4 8 6 . f) c Adj usted net income If negative , enter -0-) . - - _ -0 For Privacy Act and Paperwork Reduction Act Notice , see page 30 of the Instructions . JSA **STMT 5 Form 990-PF (2008) 8E 1410 1 000 26767F 1608 V08-8.1 4 Form 990-PF (2008) 22-2412138 1Pma2 ' Attached schedules and amounts in the Beginning of year End of year B a l a nce S heetS desc rip t ion col umn s hou ld be for end-of-year amounts only (See instructions ) (a) Book Value (b) Book Value (c) Fair Market Value I Cash - non-interest-bearing . 1 2 71 4 7 6 . 1 590 , 761. 1 , 590 , 761. 2 Savings and temporary cash investments . 429 112. 165 , 957. 165 , 957 , 3 Accounts receivable ► Less allowance for doubtful accounts ► ------------- 4 Pledges receivable ► -- - - _` - Less allowance for doubtful accounts ► _ _ _ _ _ _ _ _ _ 5 Grants receivable . 6 Receivables due from officers, directors, trustees, and other disqualified persons (attach schedule) (see page 15 of the instructions) 7 Other notes and loans receivable (attach schedule) ► _* - - 145, 000. STMT 7 Less allowance for doubtful accounts 145 000. 145 000. 145 , 000 . 8 Inventories for sale or use 9 Prepaid expenses and deferred charges . Q 10 a Investments - U S and state government obligations (attach schedule) b Investments - corporate stock (attach schedule) . STMT 8, , 1 566 377. 3 , 415 , 992, 3 , 222 , 327. c Investments - corporate bonds (attach schedule). , 1 1 Investments - land, buildings, ► and equipment basis __________________ - ' Less accumulated depreciation (attach schedule) ►___________________ 12 Investments - mortgage loans . 13 Investments - other (attach schedule) , , , , , , STMT .9. , 1 229 700. 316 691. 316 , 691 . 14 Land, buildings, and ► equipment basis __________________ - Less accumulated depreciation ► (attach schedule) ____________________ 15 Other assets (describe ► -------------------- ) 16 Total assets (to be completed by all filers - see the instructions Also, see page 1 , item I) , 4 641 665. 5 , 634 , 401. 5 , 440 , 736. 17 Accounts payable and accrued expenses , , , , , , , , , , , 18 Grants payable ,,,,,,,,,,,,,,,,,,,,,,, - y 19 Deferred revenue . - 20 Loans from officers, directors, trustees, and other disqualified persons ^_ 21 Mortgages and other notes payable (attach schedule) , , , - - 22 Other liabilities (describe ) ► ------------------- 23 Total liabilities (add lines 17 through 22) . Foundations that follow SFAS 117, check here ► and complete lines 24 through 26 and lines 30 and 31. -- - 4) 24 Unrestricted . 25 Temporarily restricted , , , , , , , , , , , , , , , , , , , , - m 26 Permanently restricted,,,,,,,,,,,,,,,,,, ,, - Foundations that do not follow SFAS 117, - - ii check here and complete lines 27 through 31. ► - o 27 Capital stock, trust principal, or current funds 28 Paid - in or capital surplus , or land , bldg , and equipment fund - y 29 Retained earnings , accumulated income, endowment, or other funds , 4 , 641 , 665. 5 , 634 , 40l. 30 Total net assets or fund balances (see page 17 of the z instructions),,,,,,,,,,, ,,,,,,,,,,, . 4 , 641 , 665 . 5 , 634 , 401. - -- 31 Total liabilities and net assets/fund balances (see page 17 of the instructions) . 4 , 641 . 665 . 5 , 634 , 401. - - - FVM Analysis of Chan g es in Net Assets or Fund Balances I Total net assets or fund balances at beginning of year - Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year's return) . 1 4 , 641 , 665. 2 Enter amount from Part I, line 27a ....................... ........... 2 992 , 736 . 3 Other increases not included in line 2' (itemize) 3 ►----------------------------------- 4 Add lines 1, 2, and 3 . 4 5 634 401. 5 Decreases not included in line 2 (itemize) ► 5 6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part II, column (b) , line 30 . 6 5 634 4 01. JSA Form 990-PF (2008) 8E`1420 1 000 26767F 1608 V08-8.1 Form 990-PF 2008 22 - 24 12 138 Page 3 Capital Gai ns and Losses for Tax on Investment Income How (c) Date (a) List and describe the kind(s) of property sold (e g , real estate, acqu acquired /d Date sold Pa,ra,ase (mo , day, 2-story brick warehouse, or common stock, 200 shs. MLC Co) D-Donation (mo , day, yr yr ) 1a SEE PART IV SCHEDULE b c d e Depreciation allowed (g) Cost or other basis (e) Gross sales price (f) (h) Gain or (loss) (or allowable) plus expense of sale (e) plus (f) minus (g) a b c d e Com p lete only for assets showing g ain in column ( h) and owned by the foundation on 12/31/69 (I) Gains (Col. (h) gain minus Adjusted basis (k) Excess col (k), but not less than -0-) or (i) F M V as of 12/31/69 U) of col (i) as of 12/31/69 over col Q), if any Losses (from col. (h)) a b c d e If gain, also enter in Part I, line 7 2 Capital gain net income or (net capital loss) . If (loss), enter -0- in Part I, line 7 } 2 93 , 453. 3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6) If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions) l If (loss ) , enter -0- in Part I, line 8. J 3 •i Qualitication Under Section 4940 ( e) for Reduced Tax on Net Investment Income (For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income ) If section 4940(d)(2) applies , leave this part blank. Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? . , . Yes EX No If "Yes ," the foundation does not qualify under section 4940 ( e) Do not complete this part.
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  • Masorti in Jerusalem Can the Movement Maintain a Stronghold in the Holy City?

    Masorti in Jerusalem Can the Movement Maintain a Stronghold in the Holy City?

    JANUARY 10, 2019 Masorti in Jerusalem Can the movement maintain a stronghold in the Holy City? Bs”d s ervice sealing Bereshit • Roof sealing and coatings Buying and selling • Sealing exterior walls בראשִ ית home upholstering איטום ושיקום renovation and styling • Waterproofng of basements Call now מורשה מכון התקנים Abseiling services • Tel. 052-3936376 ∙ 14 Yad Harutzim, SEE ON PAGE 16 at the Dafna and & Vera passageway 052-434-5299 COVER DR. YIZHAR HESS, CEO of the Masorti Movement in Israel, at a Masorti protest. The front sign reads, ‘Judaism without coercion,’ while the back Jerusalem's Masorti Movement: quotes the Torah principle to ‘Love your fellow as yourself.’ Fading future? • ALAN ROSENBAUM he Masorti Movement in Israel,” says Rabbi Peretz Rodman, Jerusalem-based author and ‘Thead of the Masorti rabbinic court of Israel, “was established by the wave of North American im- migrants – many of whom were rabbis and Jewish ed- ucators – who came in the wake of the Six Day War. They came in 1969, 1970 and 1971, and wanted to cre- ate their own institutions.” More than 50 years later, as the generation of Con- servative Jews that arrived full of post-1967 Zionist ardor passes from the scene, some of Jerusalem’s Masorti synagogues are shrinking. Is a new genera- tion of Masorti Jews ready to take their place, or is Conservative Judaism in Jerusalem destined to fall to the growing haredi influence in the city? Dr. Yizhar Hess, CEO of the Masorti Movement in Israel, is convinced that Masorti Judaism has a future in Israel’s capital, despite its image as a growing bas- tion of ultra-Orthodoxy.