Contributions for Weizmann Institute Continue to Be Deductible

The ruling published by the Internal Revenue Service in Washington concerning the deductibility for income tax purposes of contributions made to American philanthropic organizations for their activities abroad does not adversely affect the tax exempt status of, or the deductibility of contributions made to the American Committee for the Weizmann Institute of Science, it was announced here today by Maurice M. Boukstein, vice-president and counsel of the Committee. He emphasized that contributions to the Committee “continue to be deductible as heretofore.”

“The American Committee for the Weizmann Institute of Science has received from the Internal Revenue Service a specific favorable ruling of recent date,” Mr. Boukstein continued. “This ruling was granted in light of the criteria announced by the Internal Revenue Service in its recent general ruling, which criteria the Internal Revenue Service had, in practice, been following in recent years.”