Neuromatch Academy Secures Tax-Exempt Status

Cleary Gottlieb represented Neuromatch Academy Inc. (Neuromatch Academy) in securing federal tax-exempt status under Section 501(c)(3), after helping the organization incorporate as a Delaware not-for-profit, and obtaining an emergency license from the U.S. Department of the Treasury to allow Iranian students and faculty to participate in its innovative summer academic program.

Formed as an emergency response to the widespread cancellation of programming as a result of the COVID-19 pandemic, Neuromatch Academy is a global online community for computational neuroscientists fostering inclusive interactions for learning, mentorship, networking, and professional development. Computational neuroscience is an interdisciplinary field that spans neuroscience, computer science (artificial intelligence), psychology, and numerous similar disciplines. It was founded by a team of neuroscience faculty, including Megan Peters (UC Irvine), Sean Escola (Columbia), Brad Wyble (Penn State), Gunnar Blohm (Queen’s University, Kingston, Canada), Paul Schrater (U of Minnesota), and Konrad Kording (U Penn).

Neuromatch Academy recently hosted its inaugural three-week-long online summer educational program allowing students, postdocs, and faculty to acquire crucial skills and build networks that are the lifeblood of academic science. The organization plans to continue to develop its offerings, emphasizing the development of an inclusive multifaceted learning environment.