2015-08-10T13:45:31-05:00 2014-09-30 GRANT THORNTON LLP 757 THIRD AVE 4TH FLOOR NEW YORK NY 100172013 990 2013-10-01 130434195 American Society for Technion - Israel Institute for Technology Inc % ANITA ENRIQUEZ AMER 2124076300 55 East 59th Street Suite New York NY 100221710 Michael Schementi Sr. VP Finance & Administration 2125990100 2015-08-10 Qi Wen Liang P01270238 2125990100 2013 2016-02-25 16:41:14Z American Technion Society jeffrey richard 55 East 59th Street New York NY 100221710 226354947 false X www.ats.org X 1940 NY To promote, encourage, aid, and advance technological, scientific and industrial higher and secondary education, research and training in Israel and elsewhere. 81 81 96 150 -7523 -18207 78732133 71504925 0 0 12941714 22492932 -13365 2496 91660482 94000353 49881186 55311709 0 0 12041535 13608235 0 86036 11313388 7691961 14320230 69614682 83326210 22045800 10674143 504399867 514724757 43282384 42942886 461117483 471781871 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 10500139 10500139 The Technion's Faculty of Mechanical Engineering is the top ME department in Israel and has been ranked a world leader. In recent years, the Faculty has been expanding rapidly and adapting to new challenges as the field becomes increasingly interdisciplinary. Mechanical engineers are major contributors to research in areas related to the high-tech and space industries, and they play a central role in emerging fields, such as micro/nanotechnology, robotics, biotechnology, information technology and energy. To accommodate growing needs, and maintain the high quality of its research and teaching, the Technion constructed a four-story building, the D. Dan and Betty Kahn Mechanical Engineering Building, which opened in 2014. The new facility houses the departmental library, a student learning center, student lounge, auditoriums, research laboratories and faculty offices. 5820145 5820145 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 will be built on Roosevelt Island. The JTCI 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 will earn dual master's degrees concurrently - one from Cornell and one from the Technion - in Connective Media, Health Tech and the Built Environment. Faculty, postdoctoral associates and graduate students will pursue basic and applied research, in collaboration with industry partners. A priority will be 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. 3563508 3563508 The Alfred Mann Institute for Biomedical Development ("AMIT") at the Technion was established in 2006 to transform innovative technologies developed by Technion researchers into medical devices, pharmaceuticals and biologics that contribute to improving human health worldwide. AMIT screens and evaluates research projects with potential to become widely used medical products that benefit mankind. Following positive feasibility studies, AMIT may assemble a team that can transform the science into user end applications and lead preclinical and clinical activities. 36038008 35427917 55921800 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 false true false false false false false false false false true 318 0 true 96 true true true true IS false false false true true false false false false false false false X 81 81 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 DE DC FL GA IL KS ME MD MA MI MN NV NH NJ NY NC OH OK OR PA RI TX VA WA WV WI X ANITA ENRIQUEZ 2124076357 55 EAST 59TH STREET New York NY 10022 Mark Dorner Board Member 1.0 X George Elbaum Board Member 1.0 X Carol B Epstein Board Member 1.0 X Israel Feldman Board Member 1.0 X Rod Feldman assistant secretary 1.0 X X Irwin S Field Board Member 1.0 X Edith Fischer Board Member 1.0 X Gill Fishman Board Member 1.0 X Ruth E Flinkman-Marandy Board Member 1.0 X Laura Flug Board Member 1.0 X Alan Forman Board Member 1.0 X Joseph Freed Board Member 1.0 X Mark Gaines Board Member 1.0 X Terry N Gardner Board Member 1.0 X Edward R Goldberg Board Member 1.0 X Irwin Gross Board Member 1.0 X Uzi Halevy Board Member 1.0 X Harry Handelsman Board Member 1.0 X Tamara Handelsman Board Member 1.0 X Robert Hanisee Board Member 1.0 X Sandy Hittman Board Member 1.0 X Lawrence S Jackier vice chairman 1.0 X X Barbara Kay Board Member 1.0 X Martin Kellner honorary chairman 1.0 X X Michael F Klein Board Member 1.0 X Theodore H Krengel Board Member 1.0 X Stephen A Laser vice chairman 1.0 X X Scott Leemaster president 1.0 X X Sid Lejfer assistant treasurer 1.0 X X Charles E Levin Board Member 1.0 X Hannan Lis Board Member 1.0 X Bennett Nathanson Board Member 1.0 X Ruth Nathanson Board Member 1.0 X Beth S Perlman Board Member 1.0 X Michael J Pierce board member 1.0 X David A Polak Board Member 1.0 X David Lee Ronn Board Member 1.0 X Howard Rosenbloom Board Member 1.0 X Joel S Rothman chairman 1.0 X X Kenneth Rubenstein Board Member 1.0 X Nina Madden Sabban board member 1.0 X Arnold Seidel board member 1.0 X Joan Seidel Vice Chairman 1.0 X X Norman Seiden Board Member 1.0 X Les Seskin Board Member 1.0 X Irving A Shepard Board Member 1.0 X Leonard H Sherman Board Member 1.0 X Stanley Shirvan Board Member 1.0 X Robert Shwedel Board Member 1.0 X Irv Silver Board Member 1.0 X Cindy Sipkin Board Member 1.0 X Jonathan Sohnis Board Member 1.0 X Ben Z Sosewitz Board Member 1.0 X Paul B Steinberg Treasurer 1.0 X X Ivan Stern Board Member 1.0 X Janey Sweet Board Member 1.0 X Bernice R Tanenbaum Board Member 1.0 X Joseph Tanenbaum Board Member 1.0 X Ira Taub Board Member 1.0 X Debbie Vanderveer Board Member 1.0 X Mary Wartell Board Member 1.0 X Lewis M Weston Board Member 1.0 X nancy aaronson board member 1.0 X 0 steve emerson board member 1.0 X linda kovan board member 1.0 X aggie kuperman board member 1.0 X alfred munzer board member 1.0 X bennet rechler board member 1.0 X joel schwartz board member 1.0 X mark sheinkopf board member 1.0 X zahava bar-nir secretary 1.0 X X norman belmonte board member 1.0 X evelyn edith berger board member 1.0 X steve berger board member 1.0 X scott myles black board member 1.0 X robert n brand board member 1.0 X marilyn caplovitz board member 1.0 X leona chanin board member 1.0 X rena conner board member 1.0 X jeffrey cosiol board member 1.0 X robert a davidow board member 1.0 X Melvyn Bloom EVP emeritus (THRU 5/2016) 40.0 X 4379945 0 129705 Michael Schementi Sr. VP, Finance/CFO 40.0 X 268617 0 63685 jeffrey richard as of 52014 executive vice president 40.0 X Seth Moskowitz Sr. VP, Campaign (thru 6/2014) 40.0 X 318083 0 62957 Beth Wilner Sr. VP, Development 40.0 X 253292 0 75530 Jerome Kleinman Regional Director 40.0 X 236125 0 48710 Mark Hefter Associate VP, Planned Giving 40.0 X 216600 0 63135 Ivan Schonfeld Regional Director 40.0 X 206089 0 54199 joel Berkowitz Regional Director 40.0 X 192999 0 49876 Irv Elenberg Regional Director 40.0 X 182127 0 22589 6253877 0 570386 20 false true false Korn Ferry International 200 Park Avenue NEW YORK NY 10166 Executive Search 220063 Prime Buchholz Associates 273 Corporate Drive PORTSMOUTH NH 03801 Investment advisory 237112 Silchester International Investors 780 Third Avenue 42nd Flr NEW YORK NY 10017 Investment Advisory 184113 Alliance Bernstein 1 North Lexington Ave 16th Flr WHITE PLAINS NY 10601 Investment Advisory 139839 Eagle Capital 499 Park Avenue NEW YORK NY 10022 Investment Advisory 164693 7 20375 71484550 1394352 71504925 0 8125199 -7523 8132722 0 0 0 0 0 146690023 132322290 14367733 14367733 14367733 34800 20375 32304 2496 2496 0 0 0 94000353 -7523 22502951 5820510 5820510 0 49491199 49491199 0 1979152 11592 1345536 622024 0 8014308 247404 2338031 5428873 895442 33162 196845 665435 2016581 53255 665221 1298105 702752 18927 246895 436930 96967 96967 142246 142246 247485 247485 0 86036 86036 1154398 1154398 239428 239428 649810 15472 157231 477107 611757 5122 250949 355686 0 0 784397 1011 181720 601666 1031320 177665 164754 688901 0 681907 46481 230203 405223 132949 132949 0 409623 176300 233323 214795 214795 BAD DEBT EXPENSE 7888779 7888779 MISCELLANEOUS 23919 9840 14079 UBI TAX 10450 10450 83326210 55921800 16091022 11313388 X 2776223 6902947 31916421 6906853 110238774 103757901 0 0 0 0 0 0 50083979 49126099 0 0 2143154 2733329 16431282 7754035 8954807 8677247 160162513 143515039 106959362 162745660 0 0 0 0 31164634 30359682 504399867 514724757 8119101 7148985 1428587 3058960 0 0 0 0 0 0 0 0 11300000 11300000 0 0 22434696 21434941 43282384 42942886 X 21739736 23245573 160117900 163700144 279259847 284836154 461117483 471781871 504399867 514724757 10674143 -9755 X false true X true false X 60097954 67200800 65391706 78732133 71504952 342927545 0 0 60097954 67200800 65391706 78732133 71504952 342927545 53206628 289720917 4864908 6833591 8965947 8006914 8125199 36796559 1072534 0 18424 68244 0 1159202 22650 15100 23625 29600 34800 125775 381009081 0.76040 0.76319 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10 10000 128283 1359732 true true 299991779 8487251 19711660 19814752 319889 308056049 293148146 9931869 14257109 15647315 1698030 299991779 269977004 17048449 22416448 16293755 293148146 258215029 21079376 4186395 13503796 269977004 246746379 4089503 14386340 7007193 258215029 0.92500 0.07500 true false 12809811 4390403 8419408 3621471 3363632 257839 8677247 ALTERNATIVE INV - HEDGE FUNDS 105077717 ISRAEL TIME DEPOSITS 22867086 MUNICIPAL BONDS 337933 HIGH YIELD & OTHER FIXED INCOM 5835615 DUE FROM FUND MANAGERS 28627309 162745660 BENEFICIAL INTERESTS IN TRUSTS 27765018 OTHER RECEIVABLES 550198 LIFE INSURANCE POLICIES 2044466 30359682 0 ANNUITY OBLIGATIONS 21434941 21434941 X 92825750 -9755 -9755 92835505 1154398 10450 1164848 94000353 82161362 82161362 1154398 10450 1164848 83326210 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 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 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 2011, 2012, 2013 AND 2014 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. IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. Other Changes in Revenue Schedule D, Part XI, Line 4b Unrelated Business Income Tax - $10,450 Other Changes in Expenses Schedule D, Part XII, Line 4b Unrelated Business Income Tax - $10,450 true Middle East and North Africa Grantmaking 49491199 Central America and the Caribbean Investments 67473316 116964515 116964515 Middle East and North Africa see part V 49491199 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 liaison 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 82500 82500 AZ CA CO CT DE FL GA IL KS ME MD MI MN NV NH NJ NY NC OH OK OR PA RI TX VA WA WV NE Dinner 55175 20375 34800 1000 28674 300 2330 0 55175 20375 34800 1000 28674 300 2330 32304 2496 true American Comm for the Weizmann Institute of Scienc 633 Third Ave New York NY 10017 131623886 501(c)(3) 6000 GEN OPERATIONS Congregation Beth Israel 10460 N 56th St Scottsdale AZ 85253 860113949 501(c)(3) 8600 Gen Operations Jacobs Technion-Cornell Institute 111 8th Ave Suite 302 New York NY 10011 464395157 501(c)(3) 5671925 Various projects UC San Diego School of Medicine 9500 gilman Drive La Jolla CA 92093 952872494 501(c)(3) 45000 Gen Operations Our Sisters School Inc 467 Hawthorne St New Bedford MA 02740 260367118 501(c)(3) 11000 Gen Operations Temple University Alter Hall 372 1801 Liacouras Walk Philadelphia PA 19122 231365971 501(c)(3) 10000 Gen Operations Scottsdale Healthcare 10001 N 92nd Street Suite 121 Scottsdale AZ 85258 942735850 501(c)(3) 6000 Gen Operations 7 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 X false true false false false false false true false Melvyn Bloom EVP emeritus (THRU 5/2016) 467245 0 7500 0 3905200 0 73871 0 55834 0 4509650 0 3878195 0 Seth Moskowitz Sr. VP, Campaign (thru 6/2014) 311083 0 7000 0 0 39408 0 23549 0 381040 0 0 0 Beth Wilner Sr. VP, Development 245792 0 7500 0 0 39910 0 35620 0 328822 0 0 0 Michael Schementi Sr. VP, Finance/CFO 263617 0 5000 0 0 40403 0 23282 0 332302 0 0 0 Jerome Kleinman Regional Director 236125 0 0 0 0 0 21301 0 27409 0 284835 0 0 0 Mark Hefter Associate VP, Planned Giving 213600 0 3000 0 0 0 27239 0 35896 0 279735 0 0 0 Ivan Schonfeld Regional Director 206089 0 0 0 0 32348 0 21851 0 260288 0 0 0 joel Berkowitz Regional Director 190999 0 2000 0 0 29524 0 20352 0 242875 0 0 0 Irv Elenberg Regional Director 182127 0 0 0 0 0 21671 0 918 0 204716 0 0 0 Part I, Line 1a - Tax Indemnification and Gross-Up Payments THE EXECUTIVE VP 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 4b Melvyn Bloom's total compensation for 2013 included deferred compensation totaling $3,878,195 that became fully vested on 12/31/13. These pertain to the Organizations's contributions to a rabbi trust account during Melvyn's 29 year tenure as Executive Vice President of the Organization. These were reported in prior years Form 990 Schedule J as part of Melvyn's defered compensation. The total of the prior year deferrals is reported in Schedule J, Part II, column F and should be subtracted from the total compensation reported in Schedule J, Part II, column E to arrive at the true total compensation of $631,455 for the reporting year. Melvyn Bloom became the EVP Emeritus of the Organization, effective May 14, 2014. 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 59 1369923 fmv X Digital Media Equipment 1 9355 fmv X mini collectible cars 1 15074 fmv 1 false true false 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 business or 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 Irving Shepard & Mary Wartell- 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 ON A PERIODIC BASIS ABOUT THE COMPARABLE MARKET FROM A VARIETY OF SOURCES TO PROVIDE INSIGHTS INTO COMPARABLE MARKET PRACTICES FOR BOTH SALARY AND BENEFITS PURPOSES. THE LAST REVIEW OF THIS NATURE WAS CONDUCTED IN OCTOBER 2011. 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. Other Program Services Part III, Line 4d 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 2014, the American Technion Society funded research centers including the Nancy and Stephen Grand Technion Energy Program, the Prince Center for Neurodegenerative Disorders of the Brain, the Ecological Engineering Systems Center, the Bernard M. Gordon Center for Systems Leadership Engineering, and the Rina and Avner Schneur Type II Diabetes Research Center; and laboratories including the Trudy and Norman Louis Multiple Sclerosis and Inflammatory Autoimmune Diseases Research Laboratory, and the Microjet and Small Turboshaft Engine Research and Teaching Laboratories Complex in the Faculty of Aerospace Engineering. ATS donors support scholarships for undergraduate students who lack the resources to meet tuition and other basic costs, and fellowships for master's and doctoral students with strong academic records, as well as on-campus dormitory housing for undergraduate and graduate students. In 2014, the ATS also provided funding for Technion student reservists. To attract and retain top faculty members, the Technion has created several vehicles that provide new recruits with state-of-the-art, well-equipped research facilities: The Henry and Marilyn Taub Foundation Leaders in Science and Technology Program, the Neubauer Family Foundation Fund for the Recruitment of Minority Faculty Members, the First Steps Program and the Career Advancement Chair.