NEW YORK (Dec. 19)
Contributions to the America-Israel Cultural Foundation are tax deductible, it was announced today by Samuel Rubin, president, and William Mazer, chairman of the board. The Foundation had recently received an official letter from the Internal Revenue Service reconfirming the Foundation’s tax deductible status. In a statement issued to contributors, the two leaders disclosed that the method of operation for the cultural programs of the Foundation had recently been reviewed and approved by the Service.
“You may have read a recent report issued by the Internal Revenue Service regarding tax deductibility of contributions to certain charitable organizations,” the statement said. “We are pleased to advise our contributors that our method of operation and our cultural program have been reviewed and approved by the Internal Revenue Service. In their official letter they reconfirm tax deductibility of all contributions made to the America-Israel Cultural Foundation.”
The Foundation promotes cultural exchanges between the United States and Israel, supports cultural project, and provides scholarships in the arts for gifted young Israelis. A ruling published by the Internal Revenue Service had raised question as to the future tax deductible status of gifts to some American organizations that raise funds for foreign philanthropies.