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Contributions to American Technion Society Remain Tax Deductible

The American Technion Society announced today that contributions made to it for its programs, both in the United States and in Israel, remain tax deductible, in accordance with a recent ruling of the Internal Revenue Service.

An earlier Internal Revenue Service ruling on tax deductions for charitable contributions does not adversely affect the tax exempt status or the deductibility of gifts made to the American Technion Society, B. Sumner Gruzen, president of the Society, asserted.

He emphasized that the domestic educational programs of the American Technion Society and its efforts to bolster higher scientific and technological education in Israel, and the programs of the Technion-Israel Institute of Technology, remain “of vital importance to this country’s policy of strengthening the democratic bulwark that is represented by Israel.