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The New York City Chapter of the Pennsylvania State Alumni Association is a qualified exempt organization under 501(c)3 of the Internal Revenue Code. Its purpose is to develop programs beneficial to Penn State including a Scholarship Fund and contributions to the Four Diamond Fund (THON). The Chapter is a self-sufficient and volunteer run organization receiving limited funding from the National Pennsylvania State Alumni Association. Annual individual and joint membership dues are tax deductible to the fullest extent of the law.