From public IRS filings
MAGBIT FOUNDATION
BEVERLY HILLS, CA · Unknown
Mission
THE SPECIFIC PURPOSE OF THE FOUNDATION IS TO PROVIDE AID TO AND TO SUPPORT JEWISH CAUSES AND CHARITIES.
Financials (IRS Form 990)
Total revenue
$1.4M
Total expenses
$850K
Total assets
$3M
Program expense ratio
59%
Source: IRS Form 990, tax year 2023.
Who funds MAGBIT FOUNDATION
$632K in foundation grants on record from 19 funders — matched from IRS 990 grant line items. Some matches may be approximate.
| Funder | Total given | Grants |
|---|---|---|
| Jewish Communal Fund | $137K | 3 |
| California Community Foundation | $117K | 3 |
| National Philanthropic Trust | $67K | 2 |
| Zarabi Family Foundation | $55K | 5 |
| Fidelity Investments Charitable Gift Fund | $48K | 1 |
| Jerome L Stern Family Foundation | $40K | 2 |
| Miguel and Carmela Koenig Foundation | $30K | 2 |
| Rastegar Foundation Inc Co Jacob Rastegar | $25K | 1 |
| Yari Family Foundation | $20K | 2 |
| Stefan Adelipour for Life Foundation | $15K | 1 |
Leadership
GINA ROFEEM — Executive Director (Principal officer)
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