Albert Einstein fled to the USA from the Nazi regime in 1933. He continued to support the Technion and on May 8, 1940, the American Technion Society was officially founded. Technion Societies in Israel and around the world raise funds to support the research activities that take place at the Technion, and assist students through scholarships, etc. The American Technion Society is one of the most significant in its contribution to the Technion.