2016-08-08T13:08:15-05:00 2015-09-30 GRANT THORNTON LLP 757 THIRD AVE 4TH FLOOR NEW YORK NY 100172013 990 2014-10-01 130434195 American Society for Technion - Israel Institute for Technology Inc % ANITA ENRIQUEZ AMER 2124076300 55 East 59th Street New York NY 100221710 Michael Schementi Sr. V.P. Finance & Admin. 2124076300 2016-08-04 true Qi Wen Liang P01270238 2125990100 2014 2016-12-15 16:53:06Z American Technion Society Jeffrey Richard 55 East 59th Street New York NY 100221710 235200770 false X www.ats.org X 1940 NY 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. 84 82 101 150 19699 71504925 80177368 0 0 22492932 8763969 2496 3219 94000353 88944556 55311709 72162788 0 0 13608235 14135056 86036 30372 12416519 14320230 7861574 83326210 94189790 10674143 -5245234 514724757 471873985 42942886 37861659 471781871 434012326 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 BILLION FOR THE TECHNION. false false 12438420 12438420 The Andrew and Erna Viterbi Faculty of Electrical Engineering enjoys a worldwide reputation for leadership in key areas of communications, electronics and computer engineering. The department has extensive relationships with the high-tech industry, and its liaison program includes over 30 member companies. It is the largest engineering department in Israel, with more than 2,000 students, and is consistently ranked among the world's top 10 electrical and computer engineering departments. The support provided by the grant will help cement the Technion's status as a leader in the fields of electrical engineering and computer engineering. It will also enable the university to recruit and retain first-rate faculty and graduate students in those disciplines, and to upgrade the teaching and research infrastructure. 8486595 8486595 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 being built on Roosevelt Island. The Jacobs Institute will deliver a new kind of multidisciplinary education and research, dedicated to producing engineers, scientists and technology experts with real-world entrepreneurial experience. Students enrolled in the two-year Master of Science (M.S.) in Information Systems program earn dual master's degrees concurrently - one from Cornell and one from the Technion-in Connective Media and Health Tech. Faculty, postdoctoral associates and graduate students pursue basic and applied research, in collaboration with industry partners. A priority is research on topics with potential for technology transfer to established companies, or to form the basis of entrepreneurial ventures. The campus will also house an onsite start-up incubator and accelerator space, as well as a technology transfer office to assist in obtaining patents and moving technology from the lab to the marketplace. 3538205 3538205 The hallmark of a world-class institution such as the Technion is the teaching and research excellence of its faculty. A continuing challenge is to attract - and retain - the best faculty members. The critical factor in recruitment is the ability to provide the scientific environment - laboratory facilities, state-of-the-art equipment, technical support and the necessary resources - to conduct pioneering work. 48536273 47699568 72999493 true true false false false true false false false true true true false true true true true false false false true true false true true false false true false true false false false false false false false true true false false false false true false false false true 316 0 true 101 true true true true IS false false false true true false false false false false false false X 84 82 true false false false false false false true true false true true true true true true true true true true false AZ CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NH NJ NM NY NC OH OK OR PA RI SC TN TX UT VA WA WV WI X ANITA ENRIQUEZ 2124076357 55 EAST 56TH STREET New York NY 10022 Joel S Rothman chairman 1.0 0.0 X X 0 0 0 Martin Kellner honorary chairman 1.0 0.0 X X 0 0 0 Scott leemaster President 1.0 0.0 X X 0 0 0 Lawrence S Jackier Board Member 1.0 0.0 X 0 0 0 Dr Stephen A Laser vice chairman 1.0 0.0 X X 0 0 0 Joan Seidel Vice Chairman 1.0 0.0 X X 0 0 0 zahava bar-nir secretary 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 assistant secretary 1.0 0.0 X X 0 0 0 Sid Lejfer assistant treasurer 1.0 0.0 X X 0 0 0 nancy aaronson board member 1.0 0.0 X 0 0 0 norman belmonte board member 1.0 0.0 X 0 0 0 scott myles black board member 1.0 0.0 X 0 0 0 robert n brand board member 1.0 0.0 X 0 0 0 evelyn edith berger board member 1.0 0.0 X 0 0 0 steve berger board member 1.0 0.0 X 0 0 0 marilyn caplovitz board member 1.0 0.0 X 0 0 0 leona chanin board member 1.0 0.0 X 0 0 0 rena conner board member 1.0 0.0 X 0 0 0 jeffrey cosiol board member 1.0 0.0 X 0 0 0 Mark Dorner Board Member 1.0 0.0 X 0 0 0 Dr 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 Israel Feldman Board Member 1.0 0.0 X 0 0 0 Irwin S Field 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 Joseph Freed 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 Edward R Goldberg Board Member 1.0 0.0 X 0 0 0 Irwin Gross Board Member 1.0 0.0 X 0 0 0 Uzi Halevy Board Member 1.0 0.0 X 0 0 0 Harry Handelsman 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 Sandy Hittman Board Member 1.0 0.0 X 0 0 0 Michael F Klein 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 1.0 0.0 X 0 0 0 aggie kuperman board member 1.0 0.0 X 0 0 0 Marshall Lasser 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 MD Board Member 1.0 0.0 X 0 0 0 Bennett Nathanson Board Member 1.0 0.0 X 0 0 0 Ruth Nathanson 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 bennet rechler board member 1.0 0.0 X 0 0 0 David Lee Ronn Board Member 1.0 0.0 X 0 0 0 Howard Rosenbloom 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 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 Norman Seiden Board Member 1.0 0.0 X 0 0 0 Les Seskin Board Member 1.0 0.0 X 0 0 0 Irving A Shepard Board Member (THRU 3/2015) 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 Cindy Sipkin Board Member 1.0 0.0 X 0 0 0 mark sheinkopf 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 Ben Z Sosewitz Board Member 1.0 0.0 X 0 0 0 Ed Statell Board Member 1.0 0.0 X 0 0 0 Ivan Stern 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 Joseph 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 Mary Wartell Board Member 1.0 0.0 X 0 0 0 Lewis M Weston Board Member 1.0 0.0 X 0 0 0 robert a davidow board member 1.0 0.0 X 0 0 0 Bernard Lublin bOARD MEMBER 2.0 0.0 X 0 0 Nathan Fischel bOARD MEMBER 1.0 0.0 X 0 0 0 Mitchell Julis bOARD MEMBER 1.0 0.0 X 0 0 0 Fariba Godshian bOARD MEMBER 1.0 0.0 X 0 0 0 Melvyn Bloom EVP Emeritus (thru 5/2016) 40.0 0.0 X 472272 0 267510 Jeffrey Richard Executive VP (AS of 5/2014) 40.0 0.0 X 307512 0 33105 Michael Schementi Sr. VP, Finance/CFO 40.0 0.0 X 287466 0 66213 Seth Moskowitz Sr. VP, Campaign (Thru 6/2014) 40.0 0.0 X 157855 0 32229 Beth Wilner Sr. VP, Development 40.0 0.0 X 259435 0 93662 Jerome Kleinman Regional Director 40.0 0.0 X 247511 0 48103 Mark Hefter Associate VP of planned giving 40.0 0.0 X 224603 0 79493 Ivan Schonfeld Regional Direcor(Thru 10/2014) 40.0 0.0 X 236482 0 43234 Joel Berkowitz Regional Director 40.0 0.0 X 199608 0 52638 Irv Elenberg Regional Director 40.0 0.0 X 189831 0 32221 2582575 0 748408 37 false true false Prime Buchholz Associates 273 Corporate Drive PORTSMOUTH NH 03801 Investment Advisory 247770 Silchester International Investors 780 Third Avenue 42nd Floor NEW YORK NY 10017 Investment Advisory 205127 Eagle Capital 499 Park Avenue NEW YORK NY 10022 Investment Advisory 180524 Alliance Bernstein 1 North Lexington Avenue 16th Floo WHITE PLAINS NY 10601 Investment Advisory 193633 Grant Thornton LLP 757 3rd Avenue 9 NEW YORK NY 10017 Audit 142815 7 41231 80136137 6692197 80177368 0 10358008 19699 10338309 0 0 0 0 0 144620844 146214883 -1594039 -1594039 -1594039 44550 41231 41331 3219 3219 0 0 0 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BENEFICIAL INTERESTS IN TRUSTS 28727673 OTHER RECEIVABLES 529376 LIFE INSURANCE POLICIES 2357217 31614266 0 ANNUITY OBLIGATIONS 18473718 18473718 X 68482410 -19528531 -19528531 88010941 933615 933615 88944556 106251955 12995780 12995780 93256175 933615 933615 94189790 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 aids; Professorial Chairs; Lectureships; Prizes; Books and Building Maintenace. 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 STANDARD ALSO PROVIDES GUIDANCE ON MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES, AND DISCLOSURE AND HAD NO MATERIAL IMPACT ON THE ACCOMPANYING FINANCIAL STATEMENTS. THE SOCIETY HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE TAX YEARS ENDED 2012, 2013, 2014 AND 2015 ARE STILL OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. 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. Other Changes in Expenses Schedule D, Part XII, Line 2d Pledge Write off - $12,995,780 true Middle East and North Africa Grantmaking 63610164 Central America and the Caribbean Investments 59101103 Middle East and North Africa Investments 21769824 144481091 144481091 Middle East and North Africa Various Programs and Projects 63610164 Wire 1 true false true true true false Schedule F, Part I, Line 1 The Society's fundraisers with the support of designated staff/departments are responsible for monitoring the University's compliance with the grant requirements. The Grants Compliance Manager keeps track of University's compliance with donor requirements for major projects in liason with the regional fundraising staff. This includes obtaining on a regular basis any of the following: cash flows, budget reports and reports on the actual use of funds, acknowledgment letters from recipients of scholarships, fellowships and other student assistance programs, reports on the activities and status/outcome of research projects and academic chairs, and photos of ongoing and completed capital projects. Donors who supported laboratories, dormitories and other capital infrastructure projects are encouraged to attend groundbreaking and/or inauguration ceremonies at the Univeristy. Every three years, ATS engages a local accounting firm in Israel to perform an audit of selected grants to the University to ensure that grant requirements and donor recognition are properly complied with. The audit report is reviewed and approved by the organization's Audit Committee. Schedule F, Part II, Line I, Column (d) 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 in domestic and foreign limited partnerships that may own an interest in a foreign corporation or foreign partnership. Nevertheless, the organization's investment activities may not reach the thresholds required for filing the forms 926, 5471, 8621 or 8865. X X X X X X true HartStrober Associates 52 East End Ave Suite 5B New York NY 10028 Consultant false 30372 30372 AZ CA CO CT DE DC FL GA HI ID IL IN IA KS KY ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY NE Dinner 85781 41231 44550 16773 19761 300 4497 0 85781 41231 44550 16773 19761 300 4497 41331 3219 true Jacobs Technion-Cornell Institute 111 8Th Ave Suite 302 New York NY 10011 464395157 501(c)(3) 8486595 Various Projects UC San Diego School of Medicine 9500 Gilman Drive La Jolla CA 92093 952872494 501(C)(3) 36000 General Operations 2 Schedule I, Part I, Line 2 Grants sent to Cornell University, for the Jacobs Technion Cornell Institute (JTCI), represents 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, a 501(c)(3) organization, is in its early stage of operations. 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 the form is received and exempt status is verified, approval of donor advised fund committee is obtained and a check is cut for the grantee. ATS sends the check with a letter to the grantee specifying limitations as to use of the grant, i.e. it should not provide any personal benefit to the DAF donor. X true true X X X X true true false false false false false true false Melvyn Bloom EVP Emeritus (thru 5/2016) 392311 0 30000 0 49961 0 204378 0 63132 0 739782 0 0 0 Jeffrey Richard Executive VP (AS of 5/2014) 291847 0 15000 0 665 0 0 0 33105 0 340617 0 0 0 Michael Schementi Sr. VP, Finance/CFO 277799 0 5000 0 4667 0 42442 0 23771 0 353679 0 0 0 Seth Moskowitz Sr. VP, Campaign (Thru 6/2014) 155881 0 0 0 1974 0 20841 0 11388 0 190084 0 0 0 Beth Wilner Sr. VP, Development 249536 0 4000 0 5899 0 41316 0 52346 0 353097 0 0 0 Jerome Kleinman Regional Director 238887 0 2000 0 6624 0 21865 0 26238 0 295614 0 0 0 Mark Hefter Associate VP of planned giving 218956 0 3500 0 2147 0 28121 0 51372 0 304096 0 0 0 Ivan Schonfeld Regional Direcor(Thru 10/2014) 157205 0 0 0 79277 0 25211 0 18023 0 279716 0 0 0 Joel Berkowitz Regional Director 190733 0 4000 0 4875 0 30517 0 22121 0 252246 0 0 0 Irv Elenberg Regional Director 187249 0 2000 0 582 0 22470 0 9751 0 222052 0 0 0 Part I, Line 1a - Tax Indemnification And Gross-Up Payments THE EVP Emeritus RECEIVES A MINIMAL TAX INDEMNIFICATION PAYMENT BASED ON HIS EMPLOYMENT CONTRACT. AMOUNT IS REPORTED AS PART OF THE EXECUTIVE'S GROSS COMPENSATION. Part I, Line 4a Severance pay to Ivan Schonfeld, Regional Director who retired during the year, was $ 238,980 of which $59,088 was paid during calendar year 2014. The balance of $179,892 was paid in Jan. 2015. Part I, Line 4b ATS contributed $ 155,275 to a rabbi trust account for Melvyn Bloom, Executive Vice President, Emeritus. 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. Arnold Joan Siedel Board Members 103635 Brokerage Commission false Schedule L Part IV, Line 1 Sale of donated securities is handled by Morton Seidel & co. owned by Arnold and Joan Seidel who are current members of the ATS board. The brokerage commissions that were charged were the usual and customary transaction fees on the sale of securities. Joan Seidel was a past chairman and is a current vice chairman of the board. X 38 6692197 fmv false true false Part III, Line 4d other Program services The Technion is known for its world-class research in a range of areas including energy, biotechnology, cancer, defense, life sciences, nanotechnology, neurodegenerative diseases, autonomous systems, stem cells and regenerative medicine, and water resources/reclamation. In 2015, the American Technion Society funded research centers including the Nancy and Stephen Grand Technion Energy Program, the Laura and Isaac Perlmutter Metabolomics Center (part of the Technion Integrated Cancer Center), and the Alfred Mann Institute for Biomedical Development. ATS donors support scholarships for undergraduate students who lack the resources to meet tuition and other basic costs, and fellowships for masters and doctoral students with strong academic records. They also provide support for on-campus dormitory housing for undergraduate and graduate students, including a new construction project, the Undergraduate Student Village. Part VI, Section A, Line 1B Delegation of Authority The Finance Transactions Committee acts on behalf of the Board between meetings on financial matters not exceeding $2 million, and provides oversight and coordination of other board financial committees. Part VI, Section A, Line 2 Family and Business Relationships The following are board members with businessor family relationships: Alan Forman & Jonathan Sohnis - Business relationship Harry Handelsman & Tamara Handelsman - Family relationship Bennett & Ruth Nathanson - Family relationship Arnold & Joan Seidel - Family relationship Bernice & Joseph Tanenbaum - Family relationship Alfred Munzer & Janet Shatz Snyder - Family relationship Irving Shepard & Mary Wartrell - Family relationship Form 990, Part VI, Section B, Line 11 Review of Form 990 THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY the Associate VP - Finance PRIOR TO DISTRIBUTION TO THE SENIOR VICE PRESIDENT-FINANCE, EXECUTIVE VP, AND AUDIT COMMITTEE FOR REVIEW AND APPROVAL. THE FINAL 990 IS THEN DISTRIBUTED TO THE 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 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, Line 15 Process for Determining Compensation for Top management official and other key employees THE EXECUTIVE VICE PRESIDENT (EVP) AT ATS IS THE TOP MANAGEMENT OFFICIAL AT THE ORGANIZATION AND THE COMPENSATION FOR THIS POSITION IS ESTABLISHED BY A COMMITTEE OF THE BOARD, WHICH IS COMPRISED OF THE FOLLOWING INDEPENDENT INDIVIDUALS: CHAIR OF THE BOARD, VICE CHAIR(S) OF THE BOARD AND THE PRESIDENT OF THE BOARD, WHILE OTHER MEMBERS OF THE BOARD MAY ALSO BE INVITED BY THE CHAIR TO ALSO PARTICIPATE IN THE REVIEW AND DELIBERATION PROCESS (E.G., HONORARY CHAIR OF THE BOARD AND/OR CHAIR OF THE PERSONNEL COMMITTEE). THE EVP'S TOTAL COMPENSATION PACKAGE IS DOCUMENTED THROUGH A WRITTEN EMPLOYMENT CONTRACT AND ANY INCREASE OR ADJUSTMENTS ON AN ANNUAL BASIS ARE PROVIDED TO THE EVP CONSISTENT WITH THE TERMS OF THE EMPLOYMENT AGREEMENT. WHEN DEEMED APPROPRIATE AND NECESSARY THE COMMITTEE MAY ENGAGE AN INDEPENDENT COMPENSATION CONSULTANT TO PROVIDE EXTERNAL THIRD PARTY MARKET DATA FROM A VARIETY OF SOURCES AND THEN THE COMMITTEE CONTEMPORANEOUSLY DOCUMENTS THE FINAL COMPENSATION DECISION THROUGH A MEMORANDUM SIGNED BY THE PRESIDENT OF THE BOARD. IN REGARD TO THE OTHER OFFICERS AND KEY EMPLOYEES, ATS WILL GATHER INFORMATION ABOUT THE COMPARABLE MARKET FROM A VARIETY OF SOURCES TO PROVIDE INSIGHTS INTO COMPARABLE MARKET PRACTICES FOR BOTH SALARY AND BENEFITS PURPOSES. Form 990, Part VI, Section B, Line 19 THE SOCIETY'S FINANCIAL STATEMENTS ARE POSTED ON ITS WEBSITE. COPIES OF GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE PROVIDED UPON REQUEST. part XI, Line 9 other changes in net assets or fund balance pledge write off -(12,995,780) Charitable remainder Trust (1) Perpetual trust (1) false false false false false false false false false false false false false false false false false false true Perpetural Trust (1) s 70133 cash