2023-11-10T09:58:41-08:00 2022-12-31 954194379 KELMAN & CHAN LLP 23622 Calabasas Rd Ste 350 Calabasas CA 91302 990 2022-01-01 954307648 MAGBIT FOUNDATION MAGB 3102732233 9420 WILSHIRE BLVD 400 BEVERLY HILLS CA 90212 GINA ROFEEM Executive Director 2023-11-10 true GINA ROFEEM 999009999 true NATALYA GOLDLIST P01344812 8185919094 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z X 9420 WILSHIRE BLVD 400 BEVERLY HILLS CA 90212 2117925 false X N/A THE SPECIFIC PURPOSE OF THE FOUNDATION IS TO PROVIDE AID TO AND TO SUPPORT JEWISH CAUSES AND CHARITIES. 8 8 1 0 107220 2138512 0 1780 -20587 -8818 -438227 100182 1679698 220714 189800 0 129292 249292 0 0 50617 62265 400623 501357 -300441 1178341 1273743 2448864 3220 0 1270523 2448864 THE SPECIFIC PURPOSE OF THE FOUNDATION IS TO PROVIDE AID TO AND TO SUPPORT JEWISH CAUSES AND CHARITIES. false false 189800 189800 2117925 THE SPECIFIC PURPOSE OF THE FOUNDATION IS TO PROVIDE AID TO AND TO SUPPORT JEWISH CAUSES AND CHARITIES. TO CARRY OUT THE FOUNDATION'S EXEMPT PURPOSE, MAGBIT FOUNDATION HAS PROVIDED FUNDS TO P.E.F. ISRAEL ENDOWMENT FUNDS, AMERICAN FRIENDS OF ARIEL UNIVERSITY, SACKLER SCHOOL OF MEDICINE, AND MANY OTHER UNIVERSITIES AND COLLEGES. 189800 true true false false false false false false false true true false false false false false false false false false true true true false true false false true true false false false false false false false false false false false false false false false false false false true 1 0 true 1 true false false false false false false false 0 false false false false false false false X 8 8 false false false false false false false false false false false true false false false false false false CA X MAGBIT FOUNDATION 3102732233 9420 WILSHIRE BLVD 400 BEVERLY HILLS CA 90212 GINA ROFEEM EXECUTIVE DIREC 40.00 0.00 X X 120000 0 0 BENJAMIN NAZARIAN Chairman 0.00 0.00 X X 0 0 0 AVI COHEN Vice President 0.00 0.00 X X 0 0 0 DANIEL MANZOOR-MANDEL Vice President 0.00 0.00 X X 0 0 0 BEHROOZ BROUKHIM MD Chairman 0.00 0.00 X X 0 0 0 PAUL RAHIMIAN Treasurer 1.00 0.00 X X 0 0 0 SASHA FARAHI President 0.00 0.00 X X 0 0 0 ARIELLE MOKHTARZADEH Secretary 0.00 0.00 X X 0 0 0 120000 1 false false false 0 1236142 902370 2138512 0 -20587 -20587 0 0 0 0 1236142 438227 -438227 0 0 0 1679698 -20587 102000 102000 20500 20500 67300 67300 0 120000 120000 0 0 120000 120000 0 9292 9292 0 0 1200 1200 0 0 0 3100 3100 0 2641 2641 0 0 11025 11025 0 0 0 0 0 0 17930 17930 CREDIT CARD PROCESSING FEES 17862 17862 WEBSITE 4228 4228 TELEPHONE 2817 2817 BANK CHARGES 776 776 686 686 501357 189800 311557 0 633423 1630771 166016 116444 0 0 0 0 0 0 253158 5415 5415 5415 467664 441851 0 0 0 1225 1225 1273743 2448864 3220 3220 0 X 1270523 2448864 1270523 2448864 1273743 2448864 1178341 X true X false true false X 1183555 1598788 126379 107220 2138511 5154453 0 0 0 0 1183555 1598788 126379 107220 2138511 5154453 0 0 5154453 11088 36941 21279 1780 18468 89556 0 11088 36941 21279 1780 18468 89556 0 0 1194643 1635729 147658 109000 2156979 5244009 0.98290 0.98010 0.01710 0.01990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 467664 -25813 441851 467713 1590 469303 446983 19140 466123 420963 26020 446983 416705 4258 420963 1.00000 false false false 5415 5415 5415 true ISRAEL 0 0 GRANTS AND SCHOLARSHIPS 42700 ENGLAND 0 0 GRANTS AND SCHOLARSHIPS 10000 52700 52700 ENGLAND SCHOLARSHIP 10000 CHECK/WIRE ISRAEL SCHOLARSHIP 42700 CHECK 2 SCHOLARSHIP ISRAEL 2 24600 CHECK OR WIRE false false false false false false false GALA 1236142 1236142 438227 1236142 1236142 438227 438227 -438227 true Sackler School of Medicine 17 East 62 St New York NY 10065 132887929 22000 0 UC Regents 1111 Franklin Street 8th Fl Oakland CA 94607 943067788 31000 0 UCLA SCHOOL OF DENTISTRY Room A0-121 Chs LOS ANGELES CA 90095 956006143 6000 0 University of Southern Califo University Park Campus Los Angeles CA 90089 951642394 10000 0 0 4 Educational grants 3 20500 Form 990, Part VI, Section B, Line 11b REVIEW BY THE BOARD OF DIRECTORS AND TREASURER Form 990, Part VI, Section C, Line 19 No documents available to the public.