2023-08-02T07:53:02-05:00 2022-09-30 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2021-10-01 130434195 AMERICAN SOCIETY FOR TECHNION ISRAEL INSTITUTE OF TECHNOLOGY INC AMER 2124076300 55 EAST 59TH STREET 14TH FLOOR NEW YORK NY 100221710 DEBORAH BERKOWITZ CFO 2124076357 2023-08-01 1 DEBORAH BERKOWITZ 999009999 DANIEL ROMANO P00504182 2125990100 2023-07-31 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z AMERICAN TECHNION SOCIETY MICHAEL WAXMAN-LENZ 55 EAST 59TH STREET 14TH FLOOR NEW YORK NY 100221710 149766500 0 X WWW.ATS.ORG X 1940 NY THE AMERICAN TECHNION SOCIETY SUPPORTS VISIONARY EDUCATION AND WORLD-CHANGING (CONTINUED ON SCH O) 73 73 74 310 -18365 0 65971880 75213333 0 0 19160979 15117345 0 0 85132859 90330678 66272654 58142294 0 0 9948313 11604021 143129 237786 9172549 5089718 8150887 81453814 78134988 3679045 12195690 629417045 561761560 42160379 42505491 587256666 519256069 X SEE SCHEDULE OTHE AMERICAN TECHNION SOCIETY (ATS) HAS BEEN A VITAL PARTNER IN THE TECHNION'S UNPARALLELED GROWTH AND ACHIEVEMENT. AS A LEADING AMERICAN ORGANIZATION SUPPORTING HIGHER EDUCATION IN ISRAEL, THE ATS HAS PIONEERED A LASTING PARTNERSHIP WITH THE CREATORS OF SCIENCE AT TECHNION CITY IN HAIFA. SUPPORTED BY A NETWORK OF DYNAMIC LEADERSHIP AND THOUSANDS OF DEDICATED MEMBERS, THE ATS IS COMMITTED TO THE BELIEF THAT THE FUTURE OF HIGH TECHNOLOGY IN ISRAEL IS AT THE TECHNION. SINCE ITS FOUNDING IN 1940 ATS HAS RAISED MORE THAN $2.5 BILLION FOR THE TECHNION. THE MISSION OF ATS IS TO ENABLE THE TECHNION TO BE AMONG THE WORLD'S LEADING INSTITUTIONS IMPROVING THE WELL-BEING OF ISRAEL AND ALL HUMANITY THROUGH LEADERSHIP IN SCIENCE AND TECHNOLOGY. 0 0 5242720 5242720 0 THE JOAN AND IRWIN JACOBS TECHNION CORNELL INSTITUTE - SEE SCHEDULE O 4950000 4950000 0 THE HELEN DILLER QUANTUM CENTER - SEE SCHEDULE O 3541000 3541000 0 THE ZUCKERMAN STEM LEADERSHIP PROGRAM - SEE SCHEDULE O 46274935 44408574 0 THE TECHNION IS KNOWN FOR WORLD-LEADING RESEARCH IN A RANGE OF AREAS: AEROSPACE ENGINEERING, BIOTECHNOLOGY, BIOMEDICAL ENGINEERING, CANCER, COMPUTER SCIENCE, ELECTRICAL ENGINEERING, MEDICINE, QUANTUM ENGINEERING, ROBOTICS, SUSTAINABILITY, AND ENERGY/WATER. IN 2022, THE AMERICAN TECHNION SOCIETY PROVIDED FUNDING FOR THE JACOBS-TECHNION CORNELL INSTITUTE; FACULTY RECRUITMENT AND RETENTION; THE LAUNCH OF NEW TECHNION CENTERS FOR CATALYSIS AND OTHER AREAS; CAMPUS ENHANCEMENTS; AND RESEARCH IN FIELDS SUCH AS SECURITY/DEFENSE AND NEURODEGENERATIVE DISORDERS. ATS DONORS PROVIDE ONGOING SUPPORT FOR TOP TECHNION PRIORITIES: GRADUATE STUDENT FELLOWSHIPS, STUDENT HOUSING, AND AID FOR STUDENTS FROM DISADVANTAGED BACKGROUNDS. 46274935 44408574 0 60008655 1 1 0 0 0 1 0 0 0 1 1 1 0 1 1 1 1 0 0 0 1 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 205 0 1 74 1 1 1 1 IS 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 73 73 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AL AR CA FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC ND OR PA RI SC TN UT VA WV WI X X EDITA LEONARDO 2124076358 55 EAST 56TH STREET NEW YORK NY 10022 STEVE BERGER PRESIDENT 5.00 0.00 X X 0 0 0 ZAHAVA BAR-NIR CHAIRMAN OF THE BOARD 5.00 0.00 X X 0 0 0 SCOTT LEEMASTER VICE CHAIRMAN 5.00 0.00 X X 0 0 0 JOEL S ROTHMAN VICE CHAIRMAN 5.00 0.00 X X 0 0 0 SENATOR PAUL B STEINBERG TREASURER 5.00 0.00 X X 0 0 0 ROD FELDMAN SECRETARY 5.00 0.00 X X 0 0 0 NANCY ARONSON ASSISTANT SECRETARY 5.00 0.00 X X 0 0 0 ELI ALMO BOARD MEMBER (AS OF 10/2021) 1.00 0.00 X 0 0 0 AVRAHAM ASHKENAZI BOARD MEMBER 1.00 0.00 X 0 0 0 ROSALYN AUGUST BOARD MEMBER 1.00 0.00 X 0 0 0 ILENE BERGER BOARD MEMBER 1.00 0.00 X 0 0 0 MARK BERNSTEIN BOARD MEMBER 1.00 0.00 X 0 0 0 KATHRYN BLOOM BOARD MEMBER 1.00 0.00 X 0 0 0 ROBERT N BRAND BOARD MEMBER 1.00 0.00 X 0 0 0 MARILYN CAPLOVITZ BOARD MEMBER 1.00 0.00 X 0 0 0 JOYCE CROFT BOARD MEMBER 1.00 0.00 X 0 0 0 BARBARA DAHL BOARD MEMBER 1.00 0.00 X 0 0 0 ROBERT A DAVIDOW BOARD MEMBER 1.00 0.00 X 0 0 0 JOHN DAVISON BOARD MEMBER 1.00 0.00 X 0 0 0 CATHY DEUTCHMAN BOARD MEMBER 1.00 0.00 X 0 0 0 ERIC DOBRUSIN BOARD MEMBER 1.00 0.00 X 0 0 0 MARK DORNER BOARD MEMBER 1.00 0.00 X 0 0 0 GEORGE ELBAUM BOARD MEMBER 1.00 0.00 X 0 0 0 CAROL B EPSTEIN BOARD MEMBER 1.00 0.00 X 0 0 0 SUSAN FEIGENBAUM BOARD MEMBER (AS OF 10/2021) 1.00 0.00 X 0 0 0 NATHAN FISCHEL BOARD MEMBER 1.00 0.00 X 0 0 0 NORA FISCHER BOARD MEMBER 1.00 0.00 X 0 0 0 LAURA FLUG BOARD MEMBER 1.00 0.00 X 0 0 0 ALAN FORMAN BOARD MEMBER 1.00 0.00 X 0 0 0 RUSSELL FRANK BOARD MEMBER 1.00 0.00 X 0 0 0 MARK GAINES BOARD MEMBER 5.00 0.00 X 0 0 0 MICHAEL GAMSON BOARD MEMBER (AS OF 10/2021) 1.00 0.00 X 0 0 0 SOL GLASNER BOARD MEMBER 1.00 0.00 X 0 0 0 FARIBA GHODSIAN-FISCHEL BOARD MEMBER 1.00 0.00 X 0 0 0 EDWARD R GOLDBERG BOARD MEMBER 1.00 0.00 X 0 0 0 SOLVIN GORDON BOARD MEMBER 1.00 0.00 X 0 0 0 MICHAL GRAYEVSKY BOARD MEMBER 1.00 0.00 X 0 0 0 ROBERT HANISEE BOARD MEMBER 1.00 0.00 X 0 0 0 LAWRENCE S JACKIER BOARD MEMBER 1.00 0.00 X 0 0 0 JUDY JONAS BOARD MEMBER 1.00 0.00 X 0 0 0 LINDA KOVAN BOARD MEMBER 1.00 0.00 X 0 0 0 AGOTA KUPERMAN BOARD MEMBER 1.00 0.00 X 0 0 0 JULEE LANDAU BOARD MEMBER 1.00 0.00 X 0 0 0 STEPHEN A LASER BOARD MEMBER 1.00 0.00 X 0 0 0 CHARLES E LEVIN BOARD MEMBER 1.00 0.00 X 0 0 0 KIRA MAKAGON BOARD MEMBER (AS OF 10/2021) 1.00 0.00 X 0 0 0 DAVID MARCUS BOARD MEMBER 1.00 0.00 X 0 0 0 MELANIE MORENO BOARD MEMBER 1.00 0.00 X 0 0 0 ALFRED MUNZER BOARD MEMBER 1.00 0.00 X 0 0 0 NAOMI NEWMAN BOARD MEMBER 1.00 0.00 X 0 0 0 MICHAEL J PIERCE BOARD MEMBER 1.00 0.00 X 0 0 0 DAVID A POLAK BOARD MEMBER 1.00 0.00 X 0 0 0 JEFF POLAK BOARD MEMBER 1.00 0.00 X 0 0 0 ROBERT L POLAK BOARD MEMBER 1.00 0.00 X 0 0 0 BENNETT RECHLER BOARD MEMBER 1.00 0.00 X 0 0 0 DAVID LEE RONN BOARD MEMBER 1.00 0.00 X 0 0 0 DAVID ROSENBLATT BOARD MEMBER 1.00 0.00 X 0 0 0 KENNETH RUBENSTEIN BOARD MEMBER 1.00 0.00 X 0 0 0 NINA MADDEN SABBAN BOARD MEMBER 1.00 0.00 X 0 0 0 ED SATELL BOARD MEMBER 1.00 0.00 X 0 0 0 JOEL W SCHWARTZ BOARD MEMBER 1.00 0.00 X 0 0 0 JOAN SEIDEL BOARD MEMBER 5.00 0.00 X 0 0 0 ARNOLD SEIDEL BOARD MEMBER (THRU 12/2021) 1.00 0.00 X 0 0 0 LES SESKIN BOARD MEMBER 1.00 0.00 X 0 0 0 LEONARD H SHERMAN BOARD MEMBER (THRU 11/2021) 1.00 0.00 X 0 0 0 JANET SHATZ SNYDER BOARD MEMBER 1.00 0.00 X 0 0 0 JONATHAN SOHNIS BOARD MEMBER 1.00 0.00 X 0 0 0 ERIC STEIN BOARD MEMBER 1.00 0.00 X 0 0 0 JANEY SWEET BOARD MEMBER 1.00 0.00 X 0 0 0 IRA TAUB BOARD MEMBER 1.00 0.00 X 0 0 0 DEBBIE VANDERVEER BOARD MEMBER 1.00 0.00 X 0 0 0 MICHAEL VELORIC BOARD MEMBER 5.00 0.00 X 0 0 0 ANDI WOLFE BOARD MEMBER 1.00 0.00 X 0 0 0 STEVE WISHNER BOARD MEMBER 1.00 0.00 X 0 0 0 DAVID WITUS BOARD MEMBER 1.00 0.00 X 0 0 0 MICHAEL WAXMAN-LENZ CHIEF EXECUTIVE OFFICER 40.00 0.00 X 579017 0 21757 DEBORAH BERKOWITZ CHIEF FINANCIAL OFFICER 40.00 0.00 X 250531 0 13062 DAVID CHIVO CHIEF DEVELOPMENT OFFICER 40.00 0.00 X 332206 0 50612 JANA LITTLETON-KEY CHIEF ADVANCEMENT OFFICER 40.00 0.00 X 222336 0 13062 KATE YARHOUSE EXECUTIVE DIRECTOR, HR & ADMIN 40.00 0.00 X 188800 0 16775 MARYELLEN TITANI - EXECDIR CAMP. OPS. & DONOR RELATIONS 40.00 0.00 X 216288 0 41621 SHANTA MALI - CHIEF MARKETING OFFICER (THRU 7/2021) 40.00 0.00 X 173758 0 37958 JEROME KLEINMAN EXECUTIVE DIRECTOR, PRINCIPAL GIFTS 40.00 0.00 X 283753 0 33549 IRV ELENBERG REGIONAL SENIOR DIR. OF DEVELOPMENT 40.00 0.00 X 243613 0 43958 JUDY SAGER EXECUTIVE DIRECTOR, PLANNED GIVING 40.00 0.00 X 243147 0 50722 IRMA SARISOHN EXECUTIVE DIRECTOR, PROGRAMS 40.00 0.00 X 199652 0 28800 JOEY SELESNY - REGIONAL DIR. OF DEVELOPMENT 40.00 0.00 X 181291 0 62146 3114392 0 414022 33 0 1 0 PRIME BUCHHOLZ & ASSOCIATES 273 CORPORATE DRIVE STE 250 PORTSMOUTH NH 03801 INVESTMENT 314591 GRANT THORNTON LLP 33570 TREASURY CENTER CHICAGO IL 60694 ACCOUNTING 188405 ALLIANCE BERNSTEIN LP PO BOX 7247-7497 PHILADELPHIA PA 19170 INVESTMENT 186688 ONLINE COMPUTERS & COMMUNICATIONS LLC PO BOX 428 FLORHAM PARK NJ 07932 CONSULTING 113792 4 75213333 1943442 75213333 10434510 -18365 10452875 64118657 59435822 4682835 4682835 4682835 90330678 0 -18365 15135710 5242720 5242720 52899574 52899574 2181376 28721 1160785 991870 7473015 592151 1861045 5019819 380432 27840 107279 245313 1248005 80502 419628 747875 321193 19913 106758 194522 25000 25000 115629 115629 323011 323011 237786 237786 998181 998181 411323 411323 465512 91152 374360 271110 2102 101268 167740 449279 449279 777717 12343 339748 425626 367611 120365 12093 235153 97383 97383 456559 202666 253893 398922 219758 179164 279857 279857 BAD DEBTS 1627689 1627689 CAMPAIGN EVENT EXPENSES 982424 982424 EQUIP. RENTAL & MAINT. 55950 55950 OTHER EXPENSES 47730 45685 2045 78134988 60008655 8953784 9172549 2699185 2590724 106613 25344 31850689 28867353 35618589 34436652 3211639 2865096 17149330 11115558 6375174 6033772 316581953 260554075 178446233 180978680 54526970 45409864 629417045 561761560 4826543 4729362 3435120 5088759 11300000 11300000 22598716 21387370 42160379 42505491 X 25863550 18676623 561393116 500579446 587256666 519256069 629417045 561761560 X 12195690 -63255377 -16940910 X 0 1 X 1 0 X 63110981 81983457 61617923 65971880 75213333 347897574 63110981 81983457 61617923 65971880 75213333 347897574 40790322 307107252 8565966 9859254 9558168 9180840 10452875 47617103 54826 13397 19263 0 0 87486 28500 28500 395630663 0.77620 0.76920 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS INCOME FROM FUNDRAISING EVENTS - 2017 AMOUNT: $ 28,500. 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6 12850 359939 1 1 466141751 8345872 -48550521 10588892 6000000 409348210 400204735 7720807 78689493 12473285 7999999 466141751 391616604 15445681 7305596 10075099 4088047 400204735 365942430 25684359 11751204 9028971 2732418 391616604 367717263 3285651 19048516 17080274 7028726 365942430 0.00640 0.91860 0.07500 1 0 9801289 5339660 4461629 3008522 1620742 1387780 4339519 4155156 184363 6033772 ALTERNATIVE INVESTMENTS 158969212 F TIME DEPOSITS AND ISRAEL BONDS 22009468 F 180978680 BENEFICIAL INTEREST IN TRUSTS 43157905 LIFE INSURANCE POLICIES 2126555 OTHER RECEIVABLES 125404 45409864 ANNUITY OBLIGATIONS 21387370 21387370 X 9570884 -63255377 -16506236 -79761613 89332497 998181 998181 90330678 77571481 434674 434674 77136807 998181 998181 78134988 PART V, LINE 4: ENDOWMENT FUNDS ENDOWMENT FUNDS ARE INTENDED TO SUPPORT THE FOLLOWING PROGRAM SERVICE PROJECTS AT THE TECHNION UNIVERSITY: SCHOLARSHIPS, FELLOWSHIPS, EQUIPMENT, LABORATORY, RESEARCH AND RESEARCH CENTER, STUDENT LOANS, AID AND OTHER STUDENT SUPPORT, FACULTY RECRUITMENT AND SUPPORT, PROFESSORIAL CHAIRS, LECTURESHIPS, PRIZES, BOOKS, AND BUILDING AND MAINTENANCE. A PORTION OF THE EARNINGS OF THE ENDOWMENT FUND IS USED TO SUPPORT THE OPERATING COST OF THE ORGANIZATION. PART X, LINE 2: FIN 48 THE SOCIETY FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS STANDARD PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE SOCIETY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE CODE, THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE SOCIETY HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE SOCIETY HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGES IN VALUE OF SPLIT INTEREST AGREEMENT -16,506,236. PART XII, LINE 2D - OTHER ADJUSTMENTS: WRITE-OFF OF UNCOLLECTIBLE PLEDGES 434,674. 1 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING 52899574 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 63983591 MIDDLE EAST AND NORTH AFRICA 0 0 INVESTMENTS 21769824 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 14980000 0 0 0 0 0 0 153632989 0 153632989 MIDDLE EAST AND NORTH AFRICA SEE PART V 52886724 WIRE 0 1 1 0 1 1 1 0 PART I, LINE 2: MONITORING OF FUNDS THE AMERICAN TECHNION SOCIETY'S DONOR RELATIONS AND STEWARDSHIP DEPARTMENT, IN COORDINATION WITH THE SOCIETY'S FUNDRAISERS AND THE TECHNION'S DIVISION OF PUBLIC AFFAIRS AND RESOURCE DEVELOPMENT, WORKS TO ENSURE THAT THE UNIVERSITY MEETS THE REPORTING AND STEWARDSHIP REQUIREMENTS STIPULATED IN DONOR GIFT AGREEMENTS. THESE MAY INCLUDE: FINANCIAL REPORTS ON HOW FUNDS HAVE BEEN EXPENDED; LETTERS FROM RECIPIENTS OF SCHOLARSHIPS, FELLOWSHIPS AND OTHER STUDENT ASSISTANCE PROGRAMS; LETTERS FROM ACADEMIC CHAIR HOLDERS; REPORTS ON PROGRAM ACTIVITIES AND STATUS/OUTCOME OF RESEARCH PROJECTS; AND PHOTOS OF ONGOING AND COMPLETED CAPITAL PROJECTS. DONORS WHO SUPPORTED LABORATORIES, DORMITORIES AND OTHER CAPITAL INFRASTRUCTURE PROJECTS ARE ENCOURAGED TO ATTEND DEDICATION CEREMONIES AT THE UNIVERSITY. EVERY THREE YEARS, ATS ENGAGES A LOCAL ACCOUNTING FIRM IN ISRAEL TO PERFORM AN AUDIT OF SELECTED GRANTS TO THE UNIVERSITY TO ENSURE COMPLIANCE WITH GRANT REQUIREMENTS AND DONOR RECOGNITION. THE AUDIT REPORT IS REVIEWED AND APPROVED BY THE ORGANIZATION'S AUDIT COMMITTEE. PART III ACCOUNTING METHOD: PART II, LINE 1, COLUMN (D): PURPOSE OF GRANT ALL FOREIGN GRANTS ARE MADE TO THE TECHNION ISRAEL INSTITUTE OF TECHNOLOGY, IN HAIFA, ISRAEL. THE GRANTS SUPPORT VARIOUS UNIVERSITY PROJECTS, SUCH AS: CONSTRUCTION OR MAINTENANCE OF RESEARCH AND LEARNING CENTERS, AUDITORIUMS, STUDENT DORMITORIES, ETC.; PIONEERING WORLD-CLASS RESEARCH PROGRAMS; FACULTY DEVELOPMENT; FELLOWSHIPS; AND, SCHOLARSHIPS. PART IV: THE AMERICAN TECHNION SOCIETY (ATS) INVESTS DIRECTLY IN VARIOUS ALTERNATIVE INVESTMENTS THAT MAY BE ORGANIZED AS EITHER FOREIGN CORPORATIONS OR FOREIGN PARTNERSHIPS; IT LIKEWISE, INVESTS IN DOMESTIC LIMITED PARTNERSHIPS THAT MAY, IN TURN, INVEST IN FOREIGN CORPORATIONS OR PARTNERSHIPS. NEVERTHELESS, ATS' INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR THE FILING OF FORMS 926, 5471, 8621, OR 8865. TO THE EXTENT THAT ATS IS REQUIRED TO COMPLETE ONE (OR MORE) OF THESE FOREIGN FORMS, THEY ARE FILED WITH THE FORM 990-T FILING. X X X X X X 1 FRESH EYES DIGITAL 2821 N SPAULDING AVE CHICAGO IL 60618 DIGITAL FUNDRAISING 0 0 161590 -161590 SANKY COMMUNICATIONS 599 11TH AVE 6TH FLR NEW YORK NY 10036 DIRECT MAIL 0 0 76196 -76196 237786 -237786 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC PART I, LINE 2B, COLUMN IV: VARIOUS FUNDRAISERS DISCLOSED ON THE SCHEDULE G REPORT NO RECEIPTS RAISED FROM FUNDRAISING ENDEAVORS; THIS IS A FUNCTION OF THE INSTITUTE NOT DISTINGUISHING AMOUNTS RAISED BY SPECIFIC FUNDRAISER EFFORTS AND NOT BECAUSE THE FUNDRAISERS' SERVICES RAISED NO CONTRIBUTIONS. 1 JACOBS TECHNION-CORNELL INSTITUTE 2 WEST LOOP ROAD NEW YORK NY 10044 464395157 501(C)(3) 5242720 0 VARIOUS PROJECTS 1 PART I, LINE 2: GRANTS SENT TO CORNELL UNIVERSITY, FOR THE JACOBS TECHNION CORNELL INSTITUTE (JTCI), REPRESENT FUNDS DONATED TO ATS THAT WERE DESIGNATED TO SUPPORT THE COLLABORATION BETWEEN TECHNION UNIVERSITY AND CORNELL UNIVERSITY ESTABLISHING THE JTCI ON THE CORNELL TECH CAMPUS. JTCI, IS A 501(C)(3) ORGANIZATION. THE INSTITUTE OFFERS NONTRADITIONAL ACADEMIC PROGRAMS FOCUSED ON OFFERING A GLOBAL PERSPECTIVE ON TECHNOLOGY TRANSFER, COMMERCIALIZATION AND ENTREPRENEURSHIP. ATS IS COORDINATING WITH JTCI TO RECEIVE REGULAR REPORTS ON THE USAGE OF FUNDS RECEIVED FROM ATS. FOR DONOR ADVISED FUNDS, DONOR SENDS IN A GRANT REQUEST. ATS VERIFIES 501(C)(3) STATUS OF PROPOSED GRANTEE, AND SENDS A FORM REQUESTING DONOR TO CONFIRM THAT GRANT WILL NOT PROVIDE ANY PERSONAL BENEFIT TO HIS OR HER FAMILY. ONCE RECEIVED AND EXEMPT STATUS VERIFIED, APPROVAL OF DONOR ADVISED FUND COMMITTEE IS OBTAINED AND PAYMENT IS PROCESSED FOR THE GRANTEE. ATS SENDS THE PAYMENT WITH A LETTER TO GRANTEE SPECIFYING LIMITATIONS AS TO USE OF THE GRANT, I.E. IT SHOULD NOT PROVIDE ANY PERSONAL BENEFIT TO THE DAF DONOR. X X X 0 0 0 0 0 0 0 1 0 MICHAEL WAXMAN-LENZ CHIEF EXECUTIVE OFFICER 574114 0 0 0 4903 0 17431 0 4326 0 600774 0 0 0 DAVID CHIVO CHIEF DEVELOPMENT OFFICER 310578 0 20000 0 1628 0 17400 0 33212 0 382818 0 0 0 JEROME KLEINMAN EXECUTIVE DIRECTOR, PRINCIPAL GIFTS 276249 0 0 0 7504 0 16942 0 16607 0 317302 0 0 0 JUDY SAGER EXECUTIVE DIRECTOR, PLANNED GIVING 240375 0 0 0 2772 0 15344 0 35378 0 293869 0 0 0 IRV ELENBERG REGIONAL SENIOR DIR. OF DEVELOPMENT 242421 0 0 0 1192 0 14979 0 28979 0 287571 0 0 0 DEBORAH BERKOWITZ CHIEF FINANCIAL OFFICER 239901 0 10000 0 630 0 8700 0 4362 0 263593 0 0 0 MARYELLEN TITANI - EXECDIR CAMP. OPS. & DONOR RELATIONS 195872 0 20000 0 416 0 12693 0 28928 0 257909 0 0 0 JOEY SELESNY - REGIONAL DIR. OF DEVELOPMENT 180699 0 0 0 592 0 11980 0 50166 0 243437 0 0 0 JANA LITTLETON-KEY CHIEF ADVANCEMENT OFFICER 181959 0 40000 0 377 0 11298 0 1764 0 235398 0 0 0 IRMA SARISOHN EXECUTIVE DIRECTOR, PROGRAMS 197104 0 0 0 2548 0 11521 0 17279 0 228452 0 0 0 SHANTA MALI - CHIEF MARKETING OFFICER (THRU 7/2021) 173232 0 0 0 526 0 10219 0 27739 0 211716 0 0 0 KATE YARHOUSE EXECUTIVE DIRECTOR, HR & ADMIN 168015 0 20000 0 785 0 10521 0 6254 0 205575 0 0 0 PART I, LINE 7 BONUSES WERE PAID OUT DURING THE YEAR THAT CONSTITUTED NON-FIXED PAYMENTS. ALL BONUSES ARE REQUESTED BY SUPERVISORS BASED ON EXTRAORDINARY PERFORMANCE IN THE PAST YEAR, SENIOR LEADERSHIP REVIEWS THE REQUESTS AND A FINAL DECISION IS MADE BY THE CEO. X 1 5000 PROCEEDS FROM SALE X 36 1823442 PROCEEDS FROM SALE X EQUIPMENT 1 115000 APPRAISAL 1 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS IN COLUMN (B). FORM 990, PART I, LINE 1 IMPACT THROUGH THE TECHNION-ISRAEL INSTITUTE OF TECHNOLOGY. FORM 990, PART III, LINE 4A THE JOAN AND IRWIN JACOBS TECHNIONCORNELL INSTITUTE A PARTNERSHIP BETWEEN CORNELL UNIVERSITY AND THE TECHNION-ISRAEL INSTITUTE OF TECHNOLOGY, THE JACOBS TECHNION CORNELL INSTITUTE IS A KEY COMPONENT OF CORNELL TECH, THE WORLD-CLASS APPLIED SCIENCES CAMPUS THAT OPENED ON NEW YORK CITY'S ROOSEVELT ISLAND IN FALL 2017. THE JACOBS INSTITUTE IS DELIVERING A NEW KIND OF MULTIDISCIPLINARY EDUCATION AND RESEARCH DEDICATED TO PRODUCING ENGINEERS, SCIENTISTS, AND TECHNOLOGY EXPERTS WITH REAL-WORLD ENTREPRENEURIAL EXPERIENCE. HIGH-PROFILE INITIATIVES WITHIN THE PAST YEAR HAVE INCLUDED THE DR. JOAN ELIASOPH FACULTY CHAIR, THE ELISHA M. FRIEDMAN POSTDOCTORAL FELLOWSHIPS, THE JACOBS INSTITUTE DIRECTOR'S DISCRETIONARY FUND, THE RUNWAY STARTUP POSTDOC PROGRAM, AND THE MASTERS FELLOWSHIP IN HEALTH TECH. FORM 990, PART III, LINE 4B THE HELEN DILLER QUANTUM CENTER IDENTIFYING THE EMERGING AREA OF QUANTUM SCIENCE AND ENGINEERING AS ONE OF THE BUILDING BLOCKS OF ISRAEL'S FUTURE TECHNOLOGICAL EDGE, THE TECHNION LAUNCHED A MAJOR RESEARCH INITIATIVE. THE HELEN DILLER QUANTUM CENTER, THE FIRST IN ISRAEL IS ADVANCING THE BASIC SCIENCES WHILE USING QUANTUM MECHANICS TO IMPACT ENGINEERING FIELDS AND DEVELOP APPLICATIONS FOR A RANGE OF INDUSTRIES. QUANTUM PHENOMENA HOLD PROMISE FOR TECHNOLOGIES VITAL TO HIGH-TECH, DEFENSE, AND SECURITY. SCIENTISTS IN THE CENTER ARE PURSUING RESEARCH IN QUANTUM SENSING, QUANTUM COMPUTING, QUANTUM COMMUNICATION, QUANTUM MATERIALS, AND QUANTUM SIMULATORS. SOME 50 FACULTY MEMBERS AND MORE THAN 100 GRADUATE STUDENTS, POSTDOCS, AND SCIENTISTS PARTICIPATE IN THE CENTER'S ACTIVITIES. FORM 990, PART III, LINE 4C THE ZUCKERMAN STEM LEADERSHIP PROGRAM THE ZUCKERMAN STEM LEADERSHIP PROGRAM SUPPORTS FUTURE LEADERS IN SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH IN THE U.S. AND ISRAEL, FOSTERING COLLABORATION BETWEEN THE TWO NATIONS. IT ENABLES HIGH-ACHIEVING AMERICAN POSTDOCS AND GRADUATE STUDENTS TO COLLABORATE WITH RESEARCHERS AT ISRAEL'S TOP INSTITUTIONS AND EXPOSES THEM TO ITS RENOWNED STARTUP CULTURE. THE PROGRAM ALSO BOLSTERS ISRAELI INSTITUTIONS BY PROVIDING RESOURCES TO DEVELOP TOP-TIER LABS AND PROJECTS. OVER TIME, THE PROGRAM WILL HELP STRENGTHEN THE U.S. ISRAEL PARTNERSHIP AS ZUCKERMAN SCHOLARS RETURN TO THE U.S. AFTER BUILDING LONG-TERM RELATIONSHIPS. ISRAELI ACADEMICS RETURNING HOME WILL SIMILARLY ADVANCE COLLABORATION AS THEY CONTINUE TO BUILD BRIDGES WITH AMERICAN COLLEAGUES. FORM 990, PART VI, SECTION A, LINE 1A DELEGATION OF AUTHORITY THE BOARD AUTHORIZES THE FINANCE TRANSACTIONS COMMITTEE TO ACT ON ITS BEHALF ON FINANCIAL MATTERS NOT EXCEEDING $2 MILLION AND TO PROVIDE OVERSIGHT AND COORDINATION OF OTHER BOARD FINANCIAL COMMITTEES. FORM 990, PART VI, SECTION A, LINE 2 FAMILY AND BUSINESS RELATIONSHIPS THE FOLLOWING ARE BOARD MEMBERS WITH BUSINESS OR FAMILY RELATIONSHIPS: DAVID A. POLAK, ROBERT L. POLAK AND JEFF POLAK - FAMILY RELATIONSHIP NATHAN FISCHEL AND FARIBA GHODSIAN-FISCHEL - FAMILY RELATIONSHIP ALAN FORMAN AND JONATHAN SOHNIS - BUSINESS RELATIONSHIP ARNOLD SEIDEL AND JOAN SEIDEL - FAMILY RELATIONSHIP STEVE BERGER AND ILENE BERGER - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF FORM 990 THE FORM 990 IS PREPARED IN CONJUNCTION WITH THE SOCIETY'S EXTERNAL ACCOUNTING FIRM. UPON COMPLETION, THE 990 IS REVIEWED BY THE CFO AND CEO AND A PRESENTATION IS MADE TO THE AUDIT COMMITTEE TO HIGHLIGHT THE 990 INFORMATION PERTINENT TO THAT COMMITTEE'S OVERSIGHT AND GOVERNANCE. ONCE THE AUDIT COMMITTEE HAS APPROVED THE 990 FOR FILING, THE FINAL 990 IS DISTRIBUTED TO THE FULL BOARD OF DIRECTORS, IN EITHER PAPER OR ELECTRONIC FORM, PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C MONITORING & ENFORCEMENT OF CONFLICT OF INTEREST POLICY CONFLICT OF INTEREST POLICY AND DISCLOSURE FORMS ARE DISTRIBUTED ANNUALLY TO ALL BOARD MEMBERS, OFFICERS AND MANAGERIAL STAFF. EACH ONE IS REQUIRED TO SIGN AND RETURN THE DISCLOSURE FORM. ATS COUNSEL REVIEWS ANY DISCLOSURES OUT OF THE ORDINARY TO DETERMINE CONFLICT AND REPORTS THESE TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL. DIRECTORS AND STAFF WITH A CONFLICT ARE PROHIBITED FROM PARTICIPATING IN DISCUSSIONS AND DECISIONS RELATED TO THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION FOR TOP MANAGEMENT OFFICIAL AND OTHER KEY EMPLOYEES THE CEO'S COMPENSATION IS DETERMINED BY A COMMITTEE WHICH IS MADE UP OF THE FOLLOWING OFFICERS OF THE BOARD OF DIRECTORS: CHAIRMAN OF THE BOARD; VICE CHAIRMAN OF THE BOARD; AND PRESIDENT OF THE BOARD. FROM TIME TO TIME THE CHAIRMAN OF THE BOARD MAY CHOOSE TO INCLUDE THE HONORARY CHAIRMAN OF THE BOARD AND/OR CHAIRMAN OF THE HR COMMITTEE. THE CEO'S COMPENSATION IS DETERMINED BY CONTRACT AND INCREASES ANNUALLY ACCORDING TO THE TERMS OF THE CONTRACT. FROM TIME TO TIME, THE COMMITTEE ENGAGES AN INDEPENDENT COMPENSATION CONSULTANT FOR COMPARABILITY DATA AND SUBSTANTIATION. THE COMMITTEE THEN SUBSTANTIATES ITS DECISION WITH A MEMORANDUM WHICH IS SIGNED BY THE PRESIDENT. WITH REGARD TO THE OFFICERS AND KEY EMPLOYEES, FROM TIME TO TIME ATS ENGAGES IN INFORMATION SHARING WITH OTHER NON-PROFITS TO EVALUATE ITS COMPENSATION PACKAGE. IN SOME YEARS ATS IS ABLE TO GATHER THE INFORMATION ANONYMOUSLY. ATS DOES THIS TO CONFIRM THAT ITS SALARIES AND BENEFITS ARE IN LINE WITH THE MARKET. IN 2021, ATS ENGAGED A CONSULTANT TO BENCHMARK ALL OF ATS SALARIES AND SET SALARY RANGES FOR EACH JOB DESCRIPTION. ATS PLANS TO BENCHMARK STAFF SALARIES EVERY TWO YEARS. ATS ALSO REVISITS ANNUALLY SALARIES IN GENERAL AND PERFORMS THE "AGING" PROCESS SO THEY ARE ALIGNED WITH CURRENT ECONOMIC TRENDS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AVAILABLE TO THE PUBLIC THE SOCIETY'S FINANCIAL STATEMENTS AND FORM 990 ARE POSTED ON ITS WEBSITE. COPIES OF THE SOCIETY'S OTHER CORPORATE DOCUMENTS, SUCH AS ITS BYLAWS, ARTICLES OF INCORPORATION AND CONFLICTS OF INTEREST POLICY, ARE PROVIDED UPON REQUEST AND AT MANAGEMENT'S DISCRETION. FORM 990, PART XI, LINE 9: CHANGES IN VALUE OF SPILT INTEREST AGREEMENTS -16,506,236. WRITE-OFF OF UNCOLLECTIBLE PLEDGES -434,674. PERPETUAL TRUST (1) ANNUITY FL N/A T 0 PERPETUAL TRUST (1) ANNUITY TX N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1