American Society For Technion- Israel Institute Of Technology Inc

Organization Overview

American Society For Technion- Israel Institute Of Technology Inc, operating under the name American Technion Society, is located in New York, NY. The organization was established in 1956. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 09/2021, American Technion Society employed 80 individuals. This organization is the central organization for a national or regional group of organizations. American Technion Society is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 09/2020, American Technion Society generated $74.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $65.7m during the year ending 09/2020. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, American Technion Society has awarded 12 individual grants totaling $66,452,405. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

THE AMERICAN TECHNION SOCIETY SUPPORTS VISIONARY EDUCATION AND WORLD-CHANGING (CONTINUED ON SCH O)

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE HELEN DILLER QUANTUM CENTER - SEE SCHEDULE O


NANCY AND STEPHEN GRAND TECHNION ENERGY PROGRAM - SEE SCHEDULE O


THE ZUCKERMAN STEM LEADERSHIP PROGRAM - SEE SCHEDULE O


THE TECHNION IS KNOWN FOR WORLD-LEADING 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 2021, THE AMERICAN TECHNION SOCIETY PROVIDED FUNDING FOR THE JACOBS-TECHNION CORNELL INSTITUTE; FACULTY RECRUITMENT AND RETENTION; THE FACULTY OF COMPUTER SCIENCE EXPANSION; 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.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Grant Thornton Llp
Accounting
$190,575
Pannone Lopes Devereaux & O'gara Llc
Legal
$116,146
Alliance Bernstein Lp
Investment
$127,116
Prime Buchholz & Associates
Investment
$277,728
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$61,617,923
Investment income $9,577,431
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,257,841
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $74,453,195

Grants Awarded

Over the last fiscal year, American Society For Technion- Israel Institute Of Technology Inc has awarded $1,215,126 in support to 2 organizations.

Grant RecipientAmount

JACOBS TECHNION-CORNELL INSTITUTE

Org PageRecipient Profile

New York, NY

PURPOSE: Various Projects

$1,090,126

New York, NY

PURPOSE: Research

$125,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 32 grants that American Society For Technion- Israel Institute Of Technology Inc has recieved totaling $4,489,328.

Awarding OrganizationAmount
Stephen B Klein Charitable Foundation Tr

Philadelphia, PA

PURPOSE: UNRESTRICTED CONTRIBUTION

$2,000,000
Jewish Communal Fund

New York, NY

PURPOSE: GENERAL SUPPORT

$520,522
Harry & Mae Schetzen Foundation

Clermont, FL

PURPOSE: GENERAL OPERATING PURPOSES

$390,000
Helena Bigos Supporting Foundation

Golden Valley, MN

PURPOSE: GENERAL OPERATING

$356,843
United Jewish Foundation

Bloomfield Hills, MI

PURPOSE: TO SUPPORT HIGHER EDUCATION

$302,990
Rudolf Steiner Foundation Inc

San Francisco, CA

PURPOSE: FOR THE JUDITH KAPLAN DOCTORAL FELLOWSHIP FUND

$208,750
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$400,204,735
Earnings$78,689,493
Admin Expense$7,999,999
Net Contributions$7,720,807
Grants$12,473,285
Ending Balance$466,141,751

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