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The Tal Fund was established by a contract between Alon and Robyn Tal and the Keren Kayemeth L'Yisrael (Jewish National Fund or KKL). Pursuant to the terms of this contract, a wholly independent fund has been created under the legal auspices of the KKL, with control over distributions vested in the Tal Fund Board of Trustees (the "Board"). The Board is assisted in its decision making by a panel of Israeli professional referees as well and is in the process of forming an International Advisory Committee.

The Tal Fund will benefit from its status as a fund associated with the KKL in two major ways. First, KKL enjoys a unique corporate status under Israeli law as a tax exempt corporation created by designated statute. This special relationship with KKL provides the Tal Fund with full access to the twenty-two Jewish National Fund organizations that operate in countries around the world. Tax deductible donations can be made to the Tal Fund through these offices world-wide or directly to the KKL in Jerusalem. In addition, gifts by contributors and donors are tax deductible for Israeli tax purposes, and income generated by the Tal Fund are not subject to Israeli income taxes.

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