2020-08-12T12:36:30-05:00 2019-09-30 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2018-10-01 130434195 American Society for Technion - Israel Institute of Technology Inc % ANITA ENRIQUEZ AMER 2124076300 55 East 59th Street New York NY 100221710 MICHAEL WAXMAN-LENZ VP, Finance, CFO 2124076300 2020-08-04 true Daniel Romano P00504182 2125990100 100.37.54.187 26377520202255000000 2020-08-12 P 31F2CC775A50E5BBFB63142B31C55EB72CDC3053 983762ADD2800D9FDDAD35EB55DEF248562F7C86 2018 2020-09-22 18:59:49Z American Technion Society Michael Waxman-Lenz 55 East 59th Street New York NY 100221710 152014991 false X www.ats.org X 1940 NY The American Technion Society supports visionary education and world-changing impact through the Technion- Israel Institute of Technology. 77 77 80 300 13397 3075 63110981 81983457 0 0 16961675 20078189 -7932 0 80064724 102061646 56936953 67970823 0 0 12952301 12630277 235886 195725 11406922 9074095 7648967 79199235 88445792 865489 13615854 535250934 541723030 42492597 41100018 492758337 500623012 X THE 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. false false 17325000 17325000 0 THE HELEN DILLER QUANTUM CENTER - SEE SCHEDULE O 5975000 5975000 0 THE ZUCKERMAN STEM LEADERSHIP PROGRAM - SEE SCHEDULE O 3482500 3482500 0 THE ANDREW AND ERNA VITERBI FACULTY OF ELECTRICAL ENGINEERING - SEE SCHEDULE O 42085588 41188323 0 68868088 true true false false false true false false false true true true false true true true true false false false true true false true false false false true false true false false false false false false false false true false false false false true false false false true 254 0 true 80 true true true true IS false false false true true false false false false false false false false false X 77 77 true false false false false false false true true false true true true true true true true true true true false AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NV NH NJ NM NY NC ND OK OR PA RI SC TN UT VA WA WV WI X X ANITA ENRIQUEZ 2124076357 55 EAST 56TH STREET New York NY 10022 ZAHAVA BAR-NIR PRESIDENT 1.0 0.0 X X 0 0 0 SCOTT LEEMASTER CHAIRMAN 1.0 0.0 X X 0 0 0 JOEL S ROTHMAN VICE CHAIRMAN 1.0 0.0 X X 0 0 0 JOAN SEIDEL VICE CHAIRMAN 1.0 0.0 X X 0 0 0 SENATOR PAUL B STEINBERG TREASURER 1.0 0.0 X X 0 0 0 ROD FELDMAN SECRETARY 1.0 0.0 X X 0 0 0 NANCY ARONSON ASSISTANT SECRETARY 1.0 0.0 X X 0 0 0 AVHARAM ASHKENAZI BOARD MEMBER 1.0 0.0 X 0 0 0 ROSALYN AUGUST BOARD MEMBER 1.0 0.0 X 0 0 0 NORMAN BELMONTE BOARD MEMBER 1.0 0.0 X 0 0 0 STEVE BERGER BOARD MEMBER 1.0 0.0 X 0 0 0 ILENE BERGER BOARD MEMBER 1.0 0.0 X 0 0 0 Kathryn Bloom BOARD MEMBER 1.0 0.0 X 0 0 0 ROBERT N BRAND BOARD MEMBER 1.0 0.0 X 0 0 0 MARILYN CAPLOVITZ BOARD MEMBER 1.0 0.0 X 0 0 0 RENA CONNER BOARD MEMBER 1.0 0.0 X 0 0 0 BARBARA DAHL BOARD MEMBER 1.0 0.0 X 0 0 0 ROBERT A DAVIDOW BOARD MEMBER 1.0 0.0 X 0 0 0 JOHN DAVISON BOARD MEMBER 1.0 0.0 X 0 0 0 CATHY DEUTCHMAN BOARD MEMBER 1.0 0.0 X 0 0 0 BRENT DIBNER BOARD MEMBER 1.0 0.0 X 0 0 0 MARK DORNER BOARD MEMBER 1.0 0.0 X 0 0 0 GEORGE ELBAUM BOARD MEMBER 1.0 0.0 X 0 0 0 STEVEN EMERSON BOARD MEMBER 1.0 0.0 X 0 0 0 CAROL B EPSTEIN BOARD MEMBER 1.0 0.0 X 0 0 0 IRWIN S FIELD BOARD MEMBER 1.0 0.0 X 0 0 0 NATHAN FISCHEL BOARD MEMBER 1.0 0.0 X 0 0 0 EDITH FISCHER BOARD MEMBER 1.0 0.0 X 0 0 0 GILL FISHMAN BOARD MEMBER 1.0 0.0 X 0 0 0 RUTH E FLINKMAN-MARANDY BOARD MEMBER 1.0 0.0 X 0 0 0 LAURA FLUG BOARD MEMBER 1.0 0.0 X 0 0 0 ALAN FORMAN BOARD MEMBER 1.0 0.0 X 0 0 0 MARK GAINES BOARD MEMBER 1.0 0.0 X 0 0 0 TERRY N GARDNER BOARD MEMBER 1.0 0.0 X 0 0 0 SOL GLASNER BOARD MEMBER 1.0 0.0 X 0 0 0 FARIBA GHODSIAN-FISCHEL BOARD MEMBER 1.0 0.0 X 0 0 0 EDWARD R GOLDBERG BOARD MEMBER 1.0 0.0 X 0 0 0 SOLVIN GORDON BOARD MEMBER 1.0 0.0 X 0 0 0 IRWIN GROSS BOARD MEMBER 1.0 0.0 X 0 0 0 TAMARA HANDELSMAN BOARD MEMBER 1.0 0.0 X 0 0 0 ROBERT HANISEE BOARD MEMBER 1.0 0.0 X 0 0 0 LAWRENCE S JACKIER BOARD MEMBER 1.0 0.0 X 0 0 0 JUDY JONAS BOARD MEMBER 1.0 0.0 X 0 0 0 LINDA KOVAN BOARD MEMBER 1.0 0.0 X 0 0 0 THEODORE H KRENGEL BOARD MEMBER (THRU - 12/2018) 1.0 0.0 X 0 0 0 AGOTA KUPERMAN BOARD MEMBER 1.0 0.0 X 0 0 0 STEPHEN A LASER BOARD MEMBER 1.0 0.0 X 0 0 0 CHARLES E LEVIN BOARD MEMBER 1.0 0.0 X 0 0 0 ALFRED MUNZER BOARD MEMBER 1.0 0.0 X 0 0 0 NAOMI NEWMAN BOARD MEMBER 1.0 0.0 X 0 0 0 BETH S PERLMAN BOARD MEMBER 1.0 0.0 X 0 0 0 MICHAEL J PIERCE BOARD MEMBER 1.0 0.0 X 0 0 0 DAVID A POLAK BOARD MEMBER 1.0 0.0 X 0 0 0 JEFF POLAK BOARD MEMBER 1.0 0.0 X 0 0 0 ROBERT L POLAK BOARD MEMBER 1.0 0.0 X 0 0 0 BENNETT RECHLER BOARD MEMBER 1.0 0.0 X 0 0 0 DAVID LEE RONN BOARD MEMBER 1.0 0.0 X 0 0 0 DAVID ROSENBLATT BOARD MEMBER 1.0 0.0 X 0 0 0 KENNETH RUBENSTEIN BOARD MEMBER 1.0 0.0 X 0 0 0 NINA MADDEN SABBAN BOARD MEMBER 1.0 0.0 X 0 0 0 ED SATELL BOARD MEMBER 1.0 0.0 X 0 0 0 JOEL W SCHWARTZ BOARD MEMBER 1.0 0.0 X 0 0 0 ARNOLD SEIDEL BOARD MEMBER 1.0 0.0 X 0 0 0 LES SESKIN BOARD MEMBER 1.0 0.0 X 0 0 0 MARK SHEINKOPF BOARD MEMBER 1.0 0.0 X 0 0 0 LEONARD H SHERMAN BOARD MEMBER 1.0 0.0 X 0 0 0 STANLEY SHIRVAN BOARD MEMBER 1.0 0.0 X 0 0 0 IRV SILVER BOARD MEMBER 1.0 0.0 X 0 0 0 JANET SHATZ SNYDER BOARD MEMBER 1.0 0.0 X 0 0 0 JONATHAN SOHNIS BOARD MEMBER 1.0 0.0 X 0 0 0 ERIC STEIN BOARD MEMBER 1.0 0.0 X 0 0 0 JANEY SWEET BOARD MEMBER 1.0 0.0 X 0 0 0 BERNICE R TANENBAUM BOARD MEMBER 1.0 0.0 X 0 0 0 IRA TAUB BOARD MEMBER 1.0 0.0 X 0 0 0 DEBBIE VANDERVEER BOARD MEMBER 1.0 0.0 X 0 0 0 MICHAEL VELORIC BOARD MEMBER 1.0 0.0 X 0 0 0 MAURO WJUNISKI BOARD MEMBER 1.0 0.0 X 0 0 0 ANDI WOLFE BOARD MEMBER 1.0 0.0 X 0 0 0 JEFFREY RICHARD EXECUTIVE VICE PRESIDENT 40.0 0.0 X 567911 0 51719 MICHAEL WAXMAN-LENZ SR. VP FINANCE 40.0 0.0 X 326373 0 15863 TOVA KANTROWITZ SR. ADVISOR STRAT, PARTNSHPS 40.0 0.0 X 192642 0 56631 SARA SWISHER-ANDERSON VP - OPERATIONS AND ADMIN 40.0 0.0 X 219328 0 12774 SHANTA MALI CHIEF MARKETING OFFICER 40.0 0.0 X 204642 0 41483 MARK HEFTER ASSOCIATE VP, PLANNED GIVING 40.0 0.0 X 250174 0 40716 JEROME KLEINMAN ASSOCIATE VP, PRINCIPAL GIFTS 40.0 0.0 X 268837 0 32489 DAVID CHIVO REGIONAL DIRECTOR 40.0 0.0 X 255077 0 38993 BRADLEY SMITH REGIONAL DIRECTOR 40.0 0.0 X 260204 0 29336 Linda Richman REGIONAL DIRECTOR 40.0 0.0 X 258656 0 23365 DAVE DONESON FORMER SR. VP RESOURCE DEV. 0.0 0.0 X 233132 0 24128 3036976 0 367497 37 true true false Prime Buchholz Associates 273 Corporate Drive PORTSMOUTH MA 03801 Investment 278840 Grant Thornton LLP 757 3rd Avenue 9 NEW YORK NY 10017 Audit 205750 Blackbaud 2000 Daniel Island CHARLESTON SC 29492 CRM System 174727 THE HELEN BROWN GROUP 489 MT AUBURN STREET 4 WATERTOWN MA 02472 PROSPECT RESEARCH 132000 ALLIANCE BERNSTEIN LP 1345 SIXTH AVENUE NEW YORK NY 10105 INVESTMENT 114150 6 81983457 1584537 81983457 0 9859254 13397 9845857 0 0 0 0 0 60172280 49953345 10218935 10218935 10218935 0 0 0 0 0 0 0 0 0 0 102061646 13397 20064792 1221685 1221685 0 66749138 66749138 0 2159652 187265 1057201 915186 0 7969043 480136 1980457 5508450 385287 4439 107241 273607 1448630 86827 397625 964178 667665 42004 200430 425231 148898 148898 172085 172085 305242 305242 0 195725 195725 1298066 1298066 546721 546721 572753 45100 527653 357927 869 113098 243960 238071 238071 0 853683 8915 212648 632120 759179 86810 120959 551410 0 261011 3882 257129 456559 225403 231156 0 433969 211733 222236 248824 248824 BAD DEBT EXPENSE 450999 450999 CAMPAIGN EVENTS 438510 438510 EQUIP. RENTAL & MAINTENANCE 33641 13270 20371 OTHER EXPENSES 72829 72829 88445792 68868088 8170782 11406922 3854702 2235313 711432 1008573 64595927 51242709 0 0 0 0 0 0 42376173 40554143 0 0 4304242 3410010 16944113 9910613 7335295 7033500 227082919 231848351 145949612 151510751 0 0 0 0 39040632 52879680 535250934 541723030 5585623 5437045 3220211 799483 0 0 0 0 0 0 0 0 11300000 11300000 0 0 22386763 23563490 42492597 41100018 X 24864432 17987768 101995975 91018640 365897930 391616604 492758337 500623012 535250934 541723030 13615854 -5751179 X false true X true false X 80177368 103294031 93677114 63110981 81983457 422242951 0 0 80177368 103294031 93677114 63110981 81983457 422242951 79941795 342301156 10346541 8915200 7826353 8565966 9859254 45513314 11467 0 29720 54826 13397 109410 44550 218200 37450 28500 0 328700 468194375 0.73111 0.74148 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10 10625 11560 1278970 true true 365942430 25684359 11751204 9028971 2732418 391616604 367717263 3241151 19048516 17080274 7028726 365897930 325279216 25899337 34601387 10584662 7478015 367717263 298497366 15993136 25687708 10693827 3663 4201504 325279216 308056049 10144498 -12228918 4451492 213688 2809083 298497366 0.88720 0.11280 true false 0 0 9801289 4604563 5196726 3008522 1392089 1616433 4134302 3913961 220341 0 7033500 ALTERNATIVE INVESTMENTS 129309533 F ISRAEL BONDS 22201218 F 151510751 BENEFICIAL INTEREST IN TRUSTS 50383823 LIFE INSURANCE POLICIES 2026016 OTHER RECEIVABLES 469841 52879680 0 ANNUITY OBLIGATIONS 23563490 23563490 X 95012401 -5751179 -5751179 100763580 1298066 1298066 102061646 87147726 87147726 1298066 1298066 88445792 ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 ENDOWMENT FUNDS ARE INTENDED TO SUPPORT THE FOLLOWING PROGRAM SERVICE PROJECTS AT THE TECHNION UNIVERSITY: SCHOLARSHIPS; FELLOWSHIPS; RESEARCH; STUDENT LOANS AND AID; PROFESSORIAL CHAIRS; LECTURESHIPS; PRIZES; BOOKS AND BUILDING MAINTENANCE. A PORTION OF THE EARNINGS OF THE ENDOWMENT FUND IS USED TO SUPPORT THE OPERATING COST OF THE ORGANIZATION. FIN 48 PART X, LINE 2 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 Internal Revenue 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. true Middle East and North Africa Grantmaking 66749138 Central America and the Caribbean Investments 66445575 Middle East and North Africa Investments 21769824 154964537 154964537 Middle East and North Africa SEE PART V 66749138 WIRE 0 1 true false true true true false SCHEDULE F, PART I, LINE 1 MONITORING OF FUNDS THE AMERICAN TECHNION SOCIETYS DONOR RELATIONS AND STEWARDSHIP DEPARTMENT, IN COORDINATION WITH THE SOCIETY'S FUNDRAISERS AND THE TECHNIONS 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 ORGANIZATIONS AUDIT COMMITTEE. SCHEDULE F, PART II, LINE I, 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. SCHEDULE F, 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 true The Helen Brown Group 48 Summer Street Suite 2 Watertown MA 02472 Research false 0 132700 0 Sanky Communications Group Inc 599 11th Avenue 6th Flr New York NY 10036 D. Mail & Marketing false 0 63025 0 Schultz William Group Inc 1617 JFK Bivd Suite 700 Philadelphia PA 19103 D. Mail & Marketing false 0 1069 0 0 196794 0 AL AK AZ AR CA CO CT DE DC 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 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. true Jacobs Technion-Cornell Institute 111 8th Ave Suire 302 New York NY 10011 464395157 501(C)(3) 1090126 0 Various Projects ACWIS 633 Third Avenue New York NY 10017 131623886 501(C)(3) 125000 0 Research 2 SCHEDULE I, 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 CHECK IS CUT FOR THE GRANTEE. ATS SENDS CHECK 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 X true false false false false false false true false JEFFREY RICHARD EXECUTIVE VICE PRESIDENT 541059 0 25000 0 1852 0 16230 0 38021 0 622162 0 0 0 MICHAEL WAXMAN-LENZ SR. VP FINANCE 303523 0 20000 0 2850 0 15809 0 1133 0 343315 0 0 0 DAVE DONESON FORMER SR. VP RESOURCE DEV. 226515 0 0 0 6617 0 12497 0 13111 0 258740 0 0 0 TOVA KANTROWITZ SR. ADVISOR STRAT, PARTNSHPS 179650 0 0 0 12992 0 12858 0 47922 0 253422 0 0 0 SARA SWISHER-ANDERSON VP - OPERATIONS AND ADMIN 208882 0 10000 0 446 0 12720 0 4202 0 236250 0 0 0 SHANTA MALI CHIEF MARKETING OFFICER 191709 0 12500 0 433 0 3622 0 40086 0 248350 0 0 0 MARK HEFTER ASSOCIATE VP, PLANNED GIVING 228010 0 0 0 22164 0 15377 0 26938 0 292489 0 0 0 JEROME KLEINMAN ASSOCIATE VP, PRINCIPAL GIFTS 251246 0 6000 0 11591 0 15615 0 21079 0 305531 0 0 0 DAVID CHIVO REGIONAL DIRECTOR 239286 0 15000 0 791 0 14926 0 25140 0 295143 0 0 0 BRADLEY SMITH REGIONAL DIRECTOR 239336 0 12500 0 8368 0 15119 0 15294 0 290617 0 0 0 Linda Richman REGIONAL DIRECTOR 179472 0 0 0 79184 0 10498 0 13861 0 283015 0 0 0 PART I, LINE 4A - SEVERANCE PAYMENT LINDA RICHMAN RECEIVED SEVERANCE PAYMENT IN THE AMOUNT OF $53,125. THIS AMOUNT WAS REPORTED IN SCHEDULE J PART II, COLUMN B(iii). PART I, LINE 7 BONUSES WERE PAID OUT DURING THE YEAR THAT CONSTITUTED NON FIXED PAYMENTS. THE EXECUTIVE VICE PRESIDENT'S BONUS IS DETERMINED BY THE MANAGEMENT COMMITTEE MADE UP OF THE PRESIDENT AND OTHER KEY MEMBERS OF THE BOARD OF DIRECTORS. ALL OTHER BONUSES ARE REQUESTED BY SUPERVISORS BASED ON EXTRAORDINARY PERFORMANCE IN THE PAST YEAR AND A FINAL DECISION IS MADE BY THE EXECUTIVE VICE PRESIDENT. X 50 1584537 PROCEEDS FROM SALE false true false PART III, LINE 4A THE HELEN DILLER QUANTUM CENTER IDENTIFYING THE EMERGING AREA OF QUANTUM SCIENCE AND ENGINEERING AS ONE OF THE BUILDING BLOCKS OF ISRAELS FUTURE TECHNOLOGICAL EDGE, THE TECHNION LAUNCHED A MAJOR RESEARCH INITIATIVE. THE HELEN DILLER QUANTUM CENTER-THE FIRST IN ISRAEL-IS POISED TO ADVANCE THE BASIC SCIENCES WHILE USING QUANTUM MECHANICS TO IMPACT ENGINEERING FIELDS AND DEVELOP APPLICATIONS FOR A RANGE OF INDUSTRIES. QUANTUM PHENOMENA HOLD GREAT PROMISE FOR TECHNOLOGIES VITAL TO HIGH-TECH, DEFENSE AND SECURITY FIELDS. 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 CENTERS ACTIVITIES. PART III, LINE 4B 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 POSTDOCTORAL RESEARCHERS AND GRADUATE STUDENTS TO COLLABORATE WITH RESEARCHERS AT ISRAELS 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. THE PROGRAM AIMS TO STRENGTHEN THE U.S.ISRAEL PARTNERSHIP AS ZUCKERMAN SCHOLARS RETURN TO THE U.S. AFTER BUILDING LONG-TERM RELATIONSHIPS AND ISRAELI ACADEMICS RETURNING HOME WILL CONTINUE TO ADVANCE COLLABORATION WITH AMERICAN COLLEAGUES. PART III, LINE 4C THE ANDREW AND ERNA VITERBI FACULTY OF ELECTRICAL ENGINEERING THE ANDREW AND ERNA VITERBI FACULTY OF ELECTRICAL ENGINEERING ENJOYS A WORLDWIDE REPUTATION FOR LEADERSHIP IN KEY AREAS OF COMMUNICATIONS, ELECTRONICS AND COMPUTER ENGINEERING. WITH MORE THAN 2,500 STUDENTS, IT IS THE LARGEST ENGINEERING DEPARTMENT IN ISRAEL, CONSISTENTLY RANKED AMONG THE WORLDS TOP 10 ELECTRICAL AND COMPUTER ENGINEERING DEPARTMENTS. IT HAS DEVELOPED EXTENSIVE RELATIONSHIPS WITH HIGH-TECH INDUSTRY AND A LIAISON PROGRAM INCLUDES NEARLY 40 MEMBER COMPANIES. FACULTY MEMBERS AND STUDENTS RECEIVE PRESTIGIOUS AWARDS RECOGNIZING THEIR RESEARCH ACHIEVEMENTS. PART III, LINE 4D GRANTS EXPENSES REVENUE OTHER PROGRAMS: 41,188,323 42,085,588 0. THE TECHNION IS KNOWN FOR WORLD-CLASS RESEARCH IN A RANGE OF AREAS: AEROSPACE, BIOTECHNOLOGY, BIOMEDICAL ENGINEERING, CANCER, COMPUTER SCIENCE, ELECTRICAL ENGINEERING, MEDICINE, QUANTUM ENGINEERING, ROBOTICS, SUSTAINABLE ENERGY AND WATER RESOURCES/RECLAMATION. IN 2019, THE AMERICAN TECHNION SOCIETY PROVIDED FUNDING FOR PROJECTS INCLUDING THE TECHNION INTEGRATED CANCER CENTER; A NEW CAMPUS VISITORS CENTER AND OTHER CAMPUS ENHANCEMENTS; AND RESEARCH IN FIELDS SUCH AS ALTERNATIVE FUELS AND RENEWABLE ENERGY, SECURITY AND DEFENSE, NANOTECHNOLOGY AND NEURODEGENERATIVE DISORDERS. ATS DONORS PROVIDE ONGOING SUPPORT FOR TOP TECHNION PRIORITIES: FELLOWSHIPS FOR GRADUATE STUDENTS, FACULTY RECRUITMENT AND RETENTION, AND AID FOR STUDENTS FROM DISADVANTAGED BACKGROUNDS. 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. PART VI, SECTION A, LINE 2 FAMILY AND BUSINESS RELATIONSHIPS THE FOLLOWING ARE BOARD MEMBERS WITH BUSINESS OR FAMILY RELATIONSHIPS: DAVE POLAK, ROBERT POLAK AND JEFF POLAK - FAMILY RELATIONSHIP NATHAN FISCHEL & FARIBA GHODSIAN-FISCHEL - FAMILY RELATIONSHIP ALAN FORMAN & JONATHAN SOHNIS - BUSINESS RELATIONSHIP ARNOLD & JOAN SEIDEL - FAMILY RELATIONSHIP STEVE & ILENE BERGER - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11 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 SENIOR VP/CFO AND EXECUTIVE V.P. 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 DISCLOSURES 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, LINES 15A & 15B PROCESS FOR DETERMINING COMPENSATION FOR TOP MANAGEMENT OFFICIAL AND OTHER KEY EMPLOYEES IN 2018 ATS ENGAGED AN INDEPENDENT PROFESSIONAL CONSULTANT TO CONDUCT A THOROUGH ASSESSMENT AND REVIEW OF VARIOUS ASPECTS OF ATS' OPERATIONS WITH THE GOAL OF ALIGNING THE ORGANIZATION'S OPERATIONAL STRUCTURE WITH ITS STRATEGIC PLAN. ATS' COMPENSATION AND BENEFIT OFFERINGS WERE COMPARED WITH THOSE OF ITS PEER INSTITUTIONS IN A COMPARABLE GEOGRAPHIC MARKET, GATHERED FROM A VARIETY OF INDEPENDENT THIRD PARTIES. THIS COMPENSATION REVIEW IS INSTRUMENTAL TO ENABLING ATS TO REMAIN COMPETITIVE IN RECRUITING AN EMPLOYEE WORKFORCE AND IN MOTIVATING EMPLOYEES FOR SUCCESS. THE EXECUTIVE VICE PRESIDENT'S (CEO) COMPENSATION IS DETERMINED BY A COMMITTEE WHICH IS MADE UP OF THE FOLLOWING OFFICERS OF THE BOARD OF DIRECTORS: CHAIRMAN OF THE BOARD; VICE CHAIRMEN 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 PERSONNEL 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. FORM 990, PART VI, SECTION C, LINE 19 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. CHARITABLE RESIDUARY TRUST (1) ANNUITY FL NA TRUST false PERPETUAL TRUST (1) ANNUITY TX NA TRUST false false false false false false false false false false false false false false false false false false false true