The American Austrian Foundation
The American Austrian Foundation
EIN: 13-3275103
as of November 2023
as of November 13, 2023
Programs and results
What we aim to solve
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Open Medical Institute (OMI)
The Open Medical Institute (OMI) is a global education initiative founded in 1993 by physicians from Weill Medical College of Cornell University, The Open Society Foundations and The American Austrian Foundation to share medical knowledge with doctors from countries in transition, foster brain gain and prevent brain drain. Physicians from leading US institutions, along with Austrian and European counterparts, teach a one-week seminar in a specific topic, reviewing new findings and best practices.
The AAF/Seebacher Prize for Fine Arts
Each year, The AAF/Seebacher Prize for Fine Arts provides fine arts graduate students at American universities, or those who have completed their graduate studies within the past two years, fellowships to study at the International Summer Academy of Fine Arts Salzburg in Austria.
Founded in 1953 by Oskar Kokoschka, as The School of Vision, the International Summer Academy offers a unique working environment at the Hohensalzburg Fortress, situated on a hill overlooking the city. Fellows study with well-known and highly respected artists, curators, and art critics from around the world and immerse themselves in a European contemporary art scene, quite different from their U.S. academic environment.
The American Austrian Foundation has administered this program since 2000. It is funded through the generosity of AAF Board Member Gerhard Seebacher and his wife Angelika.
The AAF/Faber Young Conductors Fellowship
The AAF/Faber Young Conductors Fellowship provides promising young conductors (age 30 or younger) from the United States the opportunity to spend up to four weeks at the Salzburg Festival observing the world’s leading conductors and artists at work during rehearsals and performances.
Fellows live at Schloss Arenberg, where they are also able to interact with members of the Vienna Philharmonic Orchestra, who are in residence at Schloss Arenberg during July and August.
The Salzburg Festival (“Salzburger Festspiele”) is the benchmark for all festivals worldwide and each year unique opera and concert productions bring together the world’s finest conductors, singers, and musicians.
The American Austrian Foundation has administered this program since 1998, with support from the Vienna Philharmonic Orchestra, The Salzburg Music Festival, and the Young Friends of the Salzburg Music Festival. It is funded through the generosity of AAF Treasurer and Trustee Karl Heinz Faber and his wife Edith
Opera Camps for Children at Schloss Arenberg
The Salzburg Festival and the Vienna Philharmonic invite children and teenagers between the ages of 9 and 17 to apply for opera camps held at Schloss Arenberg, a 19th-century palace, during the Salzburg Music Festival.
In the inspiring atmosphere of the palace, the children create their unique version of an opera that is being performed at the Festival, by working with music educators, theatre professionals, stage designers, and dancers. Other highlights of the week include attending a dress rehearsal at the Festival as well as a backstage tour.
The final performance of the children’s production is open to the public on the last day of the camp.
The camps are organized by members of the Vienna Philharmonic Orchestra and TAKTIK and supported by the Salzburg Stiftung of the American Austrian Foundation, The Vienna Philharmonic Orchestra, and the Friends of the Salzburg Music Festival.
Milton Wolf Seminar on Media and Diplomacy
Launched in 2001, the Milton Wolf Seminar Series addresses developing issues in diplomacy and journalism – both broadly defined. Guests include those working for state and multi-lateral organizations, journalists, representatives from media and internet companies, academics, and a select group of highly engaged graduate students whose studies relate to the seminar themes. The Milton Wolf Seminar Series particularly emphasizes the potential contribution of young and mid-career scholars, including a select group of outstanding graduate students selected each year to attend the seminar, held at the Diplomatic Academy of Vienna, as Emerging Scholar fellows.
Where we work
External reviews

Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2021 info
6.61
Months of cash in 2021 info
25.6
Fringe rate in 2021 info
5%
Funding sources info
Assets & liabilities info
Financial data
The American Austrian Foundation
Revenue & expensesFiscal Year: Jan 01 - Dec 31
The American Austrian Foundation
Balance sheetFiscal Year: Jan 01 - Dec 31
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Fiscal Year: Jan 01 - Dec 31
This snapshot of The American Austrian Foundation’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
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Business model indicators
Profitability info | 2017 | 2018 | 2019 | 2020 | 2021 |
---|---|---|---|---|---|
Unrestricted surplus (deficit) before depreciation | $189,976 | $191,235 | -$170,884 | $250,288 | $397,673 |
As % of expenses | 8.8% | 9.2% | -6.4% | 16.9% | 25.8% |
Unrestricted surplus (deficit) after depreciation | $189,490 | $190,952 | -$170,962 | $249,978 | $397,363 |
As % of expenses | 8.8% | 9.2% | -6.4% | 16.9% | 25.7% |
Revenue composition info | |||||
---|---|---|---|---|---|
Total revenue (unrestricted & restricted) | $2,141,683 | $3,287,754 | $2,890,732 | $4,048,332 | $2,731,291 |
Total revenue, % change over prior year | -3.8% | 53.5% | -12.1% | 40.0% | -32.5% |
Program services revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Membership dues | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Investment income | 4.5% | 2.9% | 4.7% | 3.2% | 10.8% |
Government grants | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
All other grants and contributions | 96.0% | 97.4% | 93.0% | 96.8% | 89.2% |
Other revenue | -0.5% | -0.3% | 2.3% | 0.0% | 0.0% |
Expense composition info | |||||
---|---|---|---|---|---|
Total expenses before depreciation | $2,155,396 | $2,069,625 | $2,683,606 | $1,481,501 | $1,543,147 |
Total expenses, % change over prior year | 10.2% | -4.0% | 29.7% | -44.8% | 4.2% |
Personnel | 18.8% | 19.3% | 14.3% | 25.4% | 24.3% |
Professional fees | 1.0% | 1.0% | 1.3% | 2.2% | 2.1% |
Occupancy | 0.0% | 0.0% | 1.6% | 0.0% | 0.0% |
Interest | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% |
Pass-through | 43.6% | 42.1% | 55.3% | 57.4% | 52.8% |
All other expenses | 36.6% | 37.5% | 27.6% | 14.9% | 20.7% |
Full cost components (estimated) info | 2017 | 2018 | 2019 | 2020 | 2021 |
---|---|---|---|---|---|
Total expenses (after depreciation) | $2,155,882 | $2,069,908 | $2,683,684 | $1,481,811 | $1,543,457 |
One month of savings | $179,616 | $172,469 | $223,634 | $123,458 | $128,596 |
Debt principal payment | $0 | $0 | $0 | $0 | $0 |
Fixed asset additions | $0 | $0 | $1,550 | $0 | $0 |
Total full costs (estimated) | $2,335,498 | $2,242,377 | $2,908,868 | $1,605,269 | $1,672,053 |
Capital structure indicators
Liquidity info | 2017 | 2018 | 2019 | 2020 | 2021 |
---|---|---|---|---|---|
Months of cash | 3.7 | 5.1 | 6.0 | 24.6 | 25.6 |
Months of cash and investments | 17.4 | 18.0 | 24.0 | 58.2 | 66.4 |
Months of estimated liquid unrestricted net assets | 3.5 | 4.8 | 2.9 | 7.3 | 10.1 |
Balance sheet composition info | 2017 | 2018 | 2019 | 2020 | 2021 |
---|---|---|---|---|---|
Cash | $670,597 | $871,053 | $1,341,363 | $3,038,946 | $3,293,363 |
Investments | $2,452,957 | $2,235,440 | $4,027,661 | $4,144,381 | $5,240,608 |
Receivables | $435,981 | $1,413,885 | $179,054 | $1,566,657 | $1,075,450 |
Gross land, buildings, equipment (LBE) | $4,747 | $4,747 | $1,550 | $1,550 | $1,550 |
Accumulated depreciation (as a % of LBE) | 94.0% | 100.0% | 5.0% | 25.0% | 45.0% |
Liabilities (as a % of assets) | 15.3% | 9.8% | 18.4% | 17.6% | 12.8% |
Unrestricted net assets | $631,138 | $822,090 | $651,128 | $901,106 | $1,298,469 |
Temporarily restricted net assets | $2,818,812 | $3,713,415 | N/A | N/A | N/A |
Permanently restricted net assets | $0 | $0 | N/A | N/A | N/A |
Total restricted net assets | $2,818,812 | $3,713,415 | $4,286,568 | $6,718,649 | $7,526,315 |
Total net assets | $3,449,950 | $4,535,505 | $4,937,696 | $7,619,755 | $8,824,784 |
Key data checks
Key data checks info | 2017 | 2018 | 2019 | 2020 | 2021 |
---|---|---|---|---|---|
Material data errors | No | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
Executive Director
Mrs. Katharine Eltz-Aulitzky
Katharine Eltz-Aulitzky is the Executive Director of The American Austrian Foundation (AAF). The AAF has offices in New York, Vienna and Salzburg. She oversees the AAF's programs in medicine, media and the arts, and is responsible for fundraising and program content.
Medical Director
Wolfgang Aulitzky
Wolfgang Aulitzky, MD is the Medical Director of the American Austrian Foundation.
He is Associate Dean for International Medicine and Distance Learning, Adjunct Prof. of Clinical Urology, and Adjunct Prof. of Clinical Reproductive Medicine at the Weill Medical College of Cornell University/New York Presbyterian Hospital. In 2016, he was appointed Adjunct Professor of Pediatrics in the Associated Faculty of the Perelman School of Medicine at the Children’s Hospital of Philadelphia. He is also an Associate Prof. of Urology at the Medical University of Innsbruck and Visiting Professor at the Medical University of Vienna.
Amongst others, he is a member of the American, German, and Austrian Societies of Urology and was awarded the Zuckerkandlpreis of the Austrian Society of Urology in 1989. In 1995 he received the Silver Medal, in 2007 the Golden Medal for Merits to the Republic of Austria, and in 2014 the cross of honor of the Land Salzburg.
As Director of the Medical Program of the American Austrian Foundation, he has initiated the Open Medical Institute, a scientific and educational collaboration of Weill Cornell Medical College and NewYork Presbyterian Hospital, the Children Hospital of Philadelphia, Duke University, Columbia University, the Cleveland Clinic and leading hospitals in Austria. Dr. Aulitzky earned his medical degree at the University of Innsbruck in 1977, and was a research associate at the University of Uppsala, Sweden, and Rockefeller University, New York. He received his training as a urologist at the University of Innsbruck and the General Hospital of Salzburg. He is the author of more than 140 publications on Urology, Andrology, and Health Care issues and is a co-author of books on basic and clinical urology/andrology.
Number of employees
Source: IRS Form 990
The American Austrian Foundation
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
The American Austrian Foundation
Highest paid employeesSOURCE: IRS Form 990
Compensation data
The American Austrian Foundation
Board of directorsas of 06/28/2023
Board of directors data
Thomas McGrath
McGrath Law Offices
Madeline Bell
Children's Hospital of Philadelphia
Mathias P.G. Bostrom
Hospital for Special Surgery
James M. Callahan
Children's Hospital of Philadelphia
Margaret Crotty
JSI
William C. Eacho III
Wolfgang K. Aulitzky
Open Medical Institute
Katharine Eltz-Aulitzky
The American Austrian Foundation
Karl Heinz Faber
Thomas J. Fahey, Jr.
Memorial Sloan Kettering Cancer Center
Antonio M. Gotto, Jr.
Weill Cornell Medicine
Stephen Harnik
Harnik Law Firm
Hugh Hemmings
Weill Cornell Medicine
Michael Koch
Pablo Legorreta
Royalty Pharma
Thomas J. McGrath
McGrath Law Offices
Gregor Medinger
Zev Rosenwaks
Weill Cornell Medicine
Peter N. Schlegel
Weill Cornell Medicine
Cynthia Sculco
Gerhard Seebacher
Daisy M. Soros
Michael G. Stewart
Weill Cornell Medicine
Barbara Tober
Alexander von Perfall
Royalty Pharma
Robert P. Wessely
Greenspoon Marder LLP
Nancy G. Wolf
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? No -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? No -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? No -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes -
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? No
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
The organization's co-leader identifies as: