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									                      1 East 93rd Street, Suite 1C, New York, NY 10128
                             Ph-917-492-2538/Fax-917-492-2560
                                          www.ffeu.org
                                    E-mail: ffeu@erols.com




                      2004 ANNUAL REPORT




Rabbi Marc Schneier     Russell Simmons              Joseph Papp         Darwin N. Davis
President/ CEO          Chairman                     Founding Chairman   Vice President

Robert J. Cyruli        Michael Heningburg           Ken Sunshine        Lawrence Kopp
Head Counsel            Treasurer                    Secretary           Executive Director
                        Mission Statement
              The Foundation for Ethnic Understanding

The Foundation is a national non-profit 501(c) 3 dedicated to strengthening relations between
ethnic communities. For twelve years, The Foundation has been at the forefront of strengthening
inter-group relations among the distinctive and vibrant communities that comprise our nation.
We are committed to the belief that direct, face-to-face dialogue between ethnic communities is
the most effective path towards the reduction of bigotry and the promotion of reconciliation and
understanding.

The Foundation works to strengthen race relations through organizing and hosting conferences
and panel discussions, congressional receptions, publishing and writing high school and colleges
curriculums and community pamphlets, issuing publications, annual reports and surveys, and by
recognizing those individuals and corporations that emulate the qualities that foster inter-ethnic
understanding and dialogue.

Our work and our programs take place in over fourteen states across the country. The Foundation
has offices in New York and will be opening its Washington, DC office in June 2003.

Through projects sponsored by the Foundation, African-Americans, Hispanics, Jews and other
ethnic communities recognize the strength that comes from sharing our similarities and
differences.
                      ACCOMPLISHMENTS FOR 2004

National Ethnic Tolerance Campaign with Stevie Wonder: This successful program along with
its curriculum guides for high school students and community pamphlets was distributed again
across the country.

Black/ Jewish Relations: The Foundation continued to bring leaders in the African American and
Jewish communities together along with members of Congress to celebrate their shared history
and learn about local and national cooperation and conflict. Leadership development and
relationship building remain a key component of what The Foundation does to strengthen relations
between the two communities.

The Ethnic Congressional Caucus Washington, DC Office Project: The Foundation
launched our Washington, DC office in June 2003. Its sole mission will be to work to
strengthen relations between and with the Congressional Black Caucus, the Congressional
Hispanic Caucus, the Asian American Pacific Caucus & the Jewish Congressional Delegation.
The office convened meetings and luncheons between staff members of the four ethnic
caucuses and their congressional leaders.

1st Annual Latino/ Jewish Congressional Awards Ceremony and Reception and Latino/
Jewish Relations Project: The first annual Latino/ Jewish congressional program was held in
February on Capitol Hill. A national report on the state of Hispanic/ Jewish relations based on
intensive research and interviews was begun and meetings were held and relationships were
begun with major national Latino leaders. The Foundation continued to distribute our national poll
on Latino/ Jewish relations.

SHARED DREAMS High School and College Curriculum Guide Project: The Foundation
continued to distribution the book with curriculum guides to Jewish day schools, public high
schools, colleges and youth organizations across the country.

Dr. Martin Luther King, Jr. Day Project: The Foundation launched a comprehensive program to
honor and commemorate the memory and legacy of Dr. King. A web Site commemoration of Dr.
King Day was launched, publicizing ways to honor him and providing commemorative materials for
institutions. Advertisements were run in Jewish papers in partnership with the UJA-Federation of
NY & the JCJR of NY listing Jewish institutions, synagogues and community groups
commemorating Dr. King Day. Rabbi Marc Schneier spoke on Dr. King’s legacy at prominent civil
rights organizations and local commemorative events across the New York Metropolitan area.

Annual Report on Black/ Jewish/ Latino Relations in the United States: Research was
begun on the first report of its kind to analyze relations between all three ethnic communities.
The project will be completed in 2004 and distributed to over six thousand community groups
and their leaders who work in the field of race relations across the country

Inter-group Relations: The Foundation worked to bring ethnic leaders from various communities
together to learn about each other and how to cooperate. Leadership development and relationship
building amongst new ethnic communities and their organizations remain a key component of what
The Foundation does to strengthen race relations between ethnic communities.

Website: The Foundation maintained a regularly updated website at www.ffeu.org. The many
publications The Foundation has produced over the years are available to download for free,
including the Ethnic Tolerance Curriculum Guide, Shared Dreams Curriculum Guide, Ethnic
Tolerance Community Pamphlet, Annual Reports on Black/Jewish Relations, National Surveys
on Black/Jewish Relations and Latino/Jewish Relations and a Directory of Interethnic Activity.
The Foundation’s website also includes links to websites of more than thirty other
organizations that work on race relations. The website also provides information on Foundation
news, programs and history. The Foundation’s website has become an invaluable resource for
those working in the field of inter-group and ethnic relations throughout the country.

Annual Spring and Fall Benefit Receptions and Programs: Presentation of the annual
“Joseph Papp Racial Harmony Awards” and our “Corporate Diversity Awards” at our annual
benefits attended by major community and corporate leaders. These events bring together
major opinion leaders, members of the media, elected officials and business and community
leaders to discuss and learn about inter-ethnic relations and ethnic tolerance.
                PROGRAMS and PROJECTS FOR 2005

National Anti-Semitism Campaign: A national public service campaign featuring non-Jewish
celebrities such as Leonardo DiCaprio, Ben Affleck, Denzel Washington and Beyonce. These
PSAs will be aired on such stations as Time Warner Cable, MTV, BET and major networks across
the nation.

Black/ Jewish Relations: The Foundation will continue to bring leaders in the African American
and Jewish communities together along with members of Congress to celebrate their shared
history and learn about local and national cooperation and conflict. Leadership development and
relationship building will remain a key component of what The Foundation does to strengthen
relations between the two communities.

The Ethnic Congressional Caucus Washington, DC Office Project: The Foundation
launched our Washington, DC office in June 2003. Its sole mission will be to work to
strengthen relations between and with the Congressional Black Caucus, the Congressional
Hispanic Caucus, the Asian American Pacific Caucus & the Jewish Congressional Delegation.
The office will convene meetings and luncheons between staff members of the four ethnic
caucuses and their congressional leaders and organize a series of congressional hearings on
race.

Latino/ Jewish Relations Project: The Foundation will continue a national report on the state of
Hispanic/ Jewish relations based on intensive research and interviews. And The Foundation will
continue to meet with and develop relationships with key national Latino leaders and their
organizations. The Foundation will distribute our national poll on Latino/ Jewish relations.

SHARED DREAMS High School and College Curriculum Guide Project: The Foundation will
continue to distribution the book with curriculum guides to Jewish day schools, public high schools,
colleges and youth organizations across the country.

Dr. Martin Luther King, Jr. Day Project: The Foundation will launch once again in 2003 and 2004
a comprehensive program to honor and commemorate the memory and legacy of Dr. King. A web
Site commemoration of Dr. King Day will be used to publicize ways to honor him and provide
commemorative materials for institutions. Advertisements will be run in Jewish papers in
partnership with the UJA-Federation of NY & the JCJR of NY listing Jewish institutions, synagogues
and community groups commemorating Dr. King Day. The Foundation will also distribute to Jewish
Boards of Education in fifty states across the country our Shared Dreams book with high school
and college curriculum guides. Rabbi Marc Schneier will address and speak at major Dr. King
event at civil rights organizations and local commemorative events such as the Rainbow Push
Coalition, the National Action Network, the New York NAACP, and the New York Urban League
across the New York Metropolitan area.

Annual Report on Black/ Jewish/ Latino Relations in the United States: Research will be
completed on the first report of its kind to analyze relations between all three ethnic
communities. The project will be completed in 2004 and distributed to over six thousand
community groups and their leaders who work in the field of race relations across the country

Inter-group Relations: The Foundation will continue its work bringing ethnic leaders from various
communities together to learn about each other and how to cooperate. Leadership development
and relationship building amongst new ethnic communities and their organizations will remain a
central component of what The Foundation does to strengthen race relations between ethnic
communities.

Website: The Foundation will maintain a regularly updated website at www.ffeu.org. The
many publications The Foundation has produced over the years will be available to download
for free, including the Ethnic Tolerance Curriculum Guide, Shared Dreams Curriculum Guide,
Ethnic Tolerance Community Pamphlet, Annual Reports on Black/Jewish Relations, National
Surveys on Black/Jewish Relations and Latino/Jewish Relations and a Directory of Interethnic
Activity. The Foundation’s website also will include links to websites of more than thirty other
organizations that work in the field of race relations. The website will provide information on
Foundation news, programs and history. The Foundation’s website will continue to be an
invaluable resource for those working in the field of inter-group and ethnic relations throughout
the country.

The Demographic and Ethnic Survey Project: The Foundation will conduct a national landmark
survey on race and changing demographics to be distributed through our national network of
leaders and organizations. A comprehensive media, publicity and educational campaign will
accompany the release of the survey.

Annual Spring and Fall Benefit Receptions and Programs: Presentation of the annual
“Joseph Papp Racial Harmony Awards” and our “Corporate Diversity Awards” at our annual
benefits attended by major community and corporate leaders. These events bring together
major opinion leaders, members of the media, elected officials and business and community
leaders to discuss and learn about inter-ethnic relations and ethnic tolerance.
                 TOTAL EXPENSES
       FISCAL YEAR JUNE 1, 2003 TO MAY 31, 2004
            Program Services is 87% of Total Expenses




Total Expenses:                         $826,091

Program Services:                       $717,842
Fundraising                              $75,227
Management & General Administration      $33,022

Program Services Represented 87% of Total Expenses


Information from last Independent Auditor’s Report May 31, 2004 and IRS Form 990
               PROGRAM EXPENSES FROM FISCAL YEAR ENDING MAY 31, 2004


Total Income (June 1, 2003-May 31, 2004)              $826,511

Program Services:

             Washington DC Office Project:                       $191,284
             Black /Jewish Relations                             $143,242
             Martin Luther King, Jr. Day Observance Program      $129,567
             Latino /Jewish Relations                             $83,065
             Intergroup Relations                                 $71,123
             Ethnic Tolerence Curriculum                          $51,580
             Website                                              $32,425
             National Interethnic Annual Report                   $15,556

             Total Program Expenses:                             $717,842
THE FOUNDATION FOR ETHNIC UNDERSTANDING
               BUDGET HISTORY


ANNUAL BUDGET CALENDAR YEAR 2003                                   $773,720

ANNUAL BUDGET CALENDAR YEAR 2004 (projected)                       $837,455

ANNUAL BUDGET CALENDAR YEAR 2005 (estimated)                       $900,000




                        FINANCIAL POSITION
                   FISCAL YEAR ENDING MAY 31, 2004


                                 2004                              2003

Total Assets                     $152,244                          $150,576

Liabilities                      $166,642                          $165,394

Total Net Assets (deficits)      ($14,398)                         ($14,818)



Information from last Independent Auditor’s Report May 31, 2004 and IRS Form 990
GOVERNING BODY

  Board of Directors

  Russell Simmons
  Chairman of the Board

  Rabbi Marc Schneier
  Board Member

  Darwin N. Davis
  Board Member

  David Renzer
  Board Member

  Ken Sunshine
  Board Member

  Officers

  Rabbi Marc Schneier
  President and Founder

  Darwin N. Davis
  Vice President

  Ken Sunshine
  Secretary

  Michael Heningburg
  Treasurer

  Robert J. Cyruli
  Head Counsel
BOARD OF TRUSTEES

Mona Ackerman
Ricklis Foundation

Brian Becker
Clear Channel

Jody Gerson
EMI Music Publishing

Danny Goldberg
Artemis Records

Kevin Liles
Warner Music Group

Frances Resheske
Con Edison

Brett Ratner
Rat Entertainment

Antonio “LA” Reid
Island Def Jam records

Jordan Schur
Geffen Records

Clarence Smith
Essence Magazine
                                                   2003 CONTRIBUTORS
$25,000 and more                J.J. Abrams                            Douglas Mark                        Mr. & Mrs. Jack Chehebar
S. Daniel Abraham               Clarence Avant                         Duane Martin                        Cliff Chenfield
Mona Ackerman                   David Berdon                           Kedar Massenburg                    Robert Cohen
AT & T                          Francis & Steven Berman                William McGathy                     Mr. & Mrs. J. Morton Davis
Con Edison                      Kenneth Bialkin                        Mark McGrath                        Ron Delsner
HSBC                            Barry Blau                             Miguel Melendez                     Beau Dietl
MCS Entertainment & Pseudo      Jake Bloom                             Rodney Miller                       Allen Dorkin
Entertainment                   Jheryl Busby                           James Mitarotonda                   Daryl Eaton
Mini Circuits                   Bruce Carbone                          Moir/Marie Entertainment            Scott Felcher
Russell Simmons                 David Cohen                            William Morris                      Beau Flynn
WABC-TV                         Wendy Credle                           Oded Nachmani                       Helen & Mannes Friedman
Starr Foundation                Judy Ellis                             N A M Real Estate                   Evan Freifeld
                                Linda & Frederick Fiddle               Susan Necheles & Fred Hafetz        Alan Futerfas
$10,000-$24,999                 Linda Thompson Foster                  Kathy Nelson                        E.E. Geduld
BET                             FUBU Foundation                        Emily Newman & Adlai Wertman        Godfrey Gill
Benjamin Brafman                Global Hue                             Edward Norton                       Debra & Brad Green
Edgar Bronfman                  Philip H. Harris                       Stanley Pantowich                   Michael Guido
Cendant Corporation             Stanley Harris                         Arthur Pergament                    Hafetz & Necheles
Goldman Sachs                   Ed Johnson                             Chuck Perry                         Lester Henner
Andre Harrell                   JPMorgan Chase                         Marc Platt                          Courtneu Holt
HBO                             Keyspan                                Premiere Business Management        Kaplan & Katzberg
Kevin Liles                     Jeffrey Kwatinetz                      Premiere Metropolitan               Ronald Kleinberg
Tracy Maitland                  Dennis Laventhal/Hits Magazine         Gabrielle Propp                     Dan Klores
Merrill Lynch                   Gavin & Joe Maloof                     Jeff Rabhan                         David Lande
Tommy Motolla/Sony              Raymond J. McGuire                     Esther & David Renzer               Eriq La Salle
MTV Network                     David Mitchell                         Denise Rich                         Scott Leemon
Proctor & Gamble Company        NABFEME                                Arnold Richards                     Lester Levine
Jordan Schur                    Antonio “LA” Reid                      Roadrunner Records                  Rob Light
Universal Music Group           Jonathan Rheingold                     Charlotte Robinson & Rand Hoffman   Monte Lipman
Verizon                         Sindie & Joel Schur                    Brenda Romano                       Shep Melzer
Warner Music Group              Alan Slifka                            Steven Rosenthal                    Don Muller
                                Michael “Blu” Williams                 Charles Salomon                     Guy Oseary
$5,000-$9,999                                                          Arthur Sarkissian                   Matt Middleton
Anthony Adam                    $1,000-$1,999                          William Schur                       Donna & Gary Naftalis
Anheuser Busch Companies        Jessica & Howard Abarbanel             Michael Selverne                    Elise Neal
AOL Time Warner Inc.            Marc Becker                            Steve Shapiro                       Ocean Realty
Arista Records                  Barbara & Evan Bell                    Nina Shaw                           Roxanne & Dean Palin
BBDO                            Bill Bellamy                           Marc Siegel                         Juliet Papa
John Branca                     Robert Berne                           Harold Spitzer                      Mekhi Pfiefer
g2g Management/Counting Crows   Alonzo Brown                           Andrea & John Stark                 David Podolsky
Alan Goldman                    Bob Chiappardi                         Candice & Steven Stark              Gerald Rausnitz
Alan Grubman                    Keith Clinkscales                      Barry Tenzer                        Judith & Don Reiss
Vicky & Jimmy Iovine            Colgate Palmolive                      Vibe Magazine                       Roland Riopelle
Wes Johnson                     Rivers Cuomo                           Happy Walters                       Richard Roskin
Michael Karsh                   Fred Davis                             George Wein                         Jack Rovner
Kenneth Hirsch                  Kenneth “Babyface” Edmonds             Perry Weitz                         Sue and Jeffrey Rosenberg
Dana & Richard Kirshenbaum      Ron Fair                               Patrick Whitesell                   Howard J. Rubenstein
Earle Mack                      Jeff Feinberg                          Chris Williams                      Martin Scharf
McMahan Securities Co. L.P.     Stuart Feldman                         Mark Williams                       Ronnie Schur
Met Life                        Ted Field                              Robert & Nana Wolf                  Derek Schuster
Morgan Stanley                  Fleet Bank                             Wolfensohn Family Foundation        Deborah Schwartz
North Fork Bank                 Ron Gillyard                           Edward Yardeni                      Steve Shapiro
Pepsi                           Don Gilmore                            Zomba Recording Corporation         John Siffert
Lois & Robert Pergament         Danny Goldberg                                                             Franklin Sintow
Radio One, Inc.                 Goldring, Hertz, Lichtenstein & Hart   Up to $999                          Delbert Spurlock
Ruben Rodriguez                 Dee Dee & Larry Gordon                 Bill Adler                          Richard Steinberg
Aby Rosen                       Manuela Herzer                         Assante Business Management         Stillman & Friedman
David Rosenberg                 Zach Horowitz                          Brett Alperowitz                    Keenan Towns
Michael Sherman                 Wyclef Jean                            Bachner & Herskovitz                Susan Wagner & Alan Kliner
Axel Stawski                    Jeff Johnson                           Alex Bateman & Gregg Naclerio       Fred Waldman
Target                          John Kalodner                          Daniel Beller                       Tom Williams
Laurence Tisch                  Peter Katsis                           Deborah & Saul Bienenfeld           Carol Wisotsky
Universal Studios               Bennett Kaufman                        Evelyn & Stanley Bienenfeld         Ed Woods
Utendahl Capital Partners       Mathew Knowles                         Marvin Bienenfeld                   Kelly Young
Nancy & Jay Zises               Nancy & Kenneth Lane                   Benjamin Bram                       Agnes & Kenneth Zitter
                                Tim Mandelbaum                         Jeff Burroughs
$2,000-$4999                    David Mantel                           Mr. & Mrs. Austin Campriello

								
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