2025-11-17T10:06:42-08:00 2024-12-31 LOS ANGELES COUNTY FIRE 954194379 KELMAN & CHAN LLP 23622 Calabasas Rd Ste 350 Calabasas CA 91302 990 2024-01-01 954307648 MAGBIT FOUNDATION MAGB 3102732233 9420 WILSHIRE BLVD 400 BEVERLY HILLS CA 90212 GINA ROFEEM Executive Director 2025-11-17 true true NATALYA GOLDLIST P01344812 8185919094 2024 2025-03-06 01:10:19Z 9420 WILSHIRE BLVD 400 BEVERLY HILLS CA 90212 5133786 false X N/A X 1991 CA THE SPECIFIC PURPOSE OF THE FOUNDATION IS TO PROVIDE AID TO AND TO SUPPORT JEWISH CAUSES AND CHARITIES. 10 10 1 0 1325139 4952645 0 73140 181141 9275 -567845 1407554 4565941 505500 1759731 0 292128 346858 0 0 52762 114631 850390 2221220 557164 2344721 3009129 5351330 3101 581 3006028 5350749 THE SPECIFIC PURPOSE OF THE FOUNDATION IS TO PROVIDE AID TO AND TO SUPPORT JEWISH CAUSES AND CHARITIES. false false 1492131 1492131 3041666 The "Israel at War and Iron Swords" campaigns proceeds are channeled to empower and uplift the Israeli community through verified and impactful initiatives and to the unattended cases of thousands of social workers whose daily job is to meet the impacted individuals, bereaved families of hostages, and injured and fallen soldiers in Israel. 267600 267600 1813059 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 MANY UNIVERSITIES AND COLLEGES. 1759731 true true false false false false false false false true true false false false true 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 2 0 true 1 true false false false false false false false 0 false false false false false false false X 10 10 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 124186 0 0 Dora Nazarian Chairman 1.00 0.00 X X 0 0 0 Peter Cohen Vice President 1.00 0.00 X X 0 0 0 Doran Adhami Vice President 1.00 0.00 X X 0 0 0 Ebrahim Simhaee Chairman 1.00 0.00 X X 0 0 0 PAUL RAHIMIAN Treasurer 1.00 0.00 X X 0 0 0 Hank Dayani President 1.00 0.00 X X 0 0 0 Emily Khalili Secretary 1.00 0.00 X X 0 0 0 Tiffany Mikail Bensadigh Vice President 1.00 0.00 X X 0 0 0 Josh Simhaee Treasurer 1.00 0.00 X X 0 0 0 124186 1 false false false 0 2801162 2151483 4952645 0 181141 181141 0 0 0 0 2801162 567845 -567845 0 0 0 4565941 181141 82100 82100 52999 52999 1624632 1624632 0 124186 124186 0 0 214145 214145 0 8527 8527 0 9183 9183 5540 5540 0 0 0 6100 6100 0 512 512 0 0 0 0 0 0 0 0 0 8965 8965 outide sevices 32700 32700 WEBSITE 19011 19011 CREDIT CARD PROCESSING FEES 16034 16034 BANK CHARGES 13504 13504 3082 3082 2221220 1759731 461489 0 663543 1774554 1855987 1571686 0 0 14186 22975 0 0 0 12000 24500 7480 7480 7480 455933 1948507 0 0 0 1628 3009129 5351330 3101 581 3101 581 X 2546124 4869030 459904 481719 3006028 5350749 3009129 5351330 2344721 X X true X false true false X 126379 107220 2138511 1325139 4952645 8649894 0 0 0 0 126379 107220 2138511 1325139 4952645 8649894 0 0 8649894 21279 1780 18468 73140 181141 295808 0 21279 1780 18468 73140 181141 295808 0 0 147658 109000 2156979 1398279 5133786 8945702 0.96690 0.97220 0.03310 0.02780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 459904 21815 481719 441900 18004 459904 467664 -25813 441851 467713 1590 469303 446983 19140 466123 false false false 7480 7480 7480 CREDIT CARD PAYABLE 581 581 true ISRAEL 0 0 GRANTS AND SCHOLARSHIPS 117500 ISRAEL 0 0 CHARITY 742697 860197 860197 ISRAEL CHARITY 100000 WIRE ISRAEL CHARITY 100000 WIRE ISRAEL CHARITY 100000 WIRE ISRAEL CHARITY 100000 WIRE ISRAEL CHARITY 100000 WIRE ISRAEL CHARITY 20000 WIRE ISRAEL CHARITY 20000 WIRE ISRAEL CHARITY 22697 WIRE ISRAEL CHARITY 30000 WIRE ISRAEL CHARITY 40000 WIRE ISRAEL CHARITY 50000 WIRE ISRAEL CHARITY 60000 WIRE ISRAEL SCHOLARSHIP 10000 WIRE ISRAEL SCHOLARSHIP 12500 WIRE ISRAEL SCHOOLARSHIP 15000 WIRE ISRAEL SCHOOLARSHIP 80000 WIRE 16 SCHOLARSHIP ISRAEL 270 WIRE false false false false false false Part III, Line 1 - Estimated Number of Recipients 270 false GALA 2703242 2703242 304419 37000 167290 MPIRE 97920 97920 46947 12189 2801162 2801162 351366 37000 179479 567845 -567845 true Chamberlain University Dept CH 17477 Palatine IL 60055 10000 0 Creighton University 2500 California Plaza Omaha NE 68178 470376583 13000 0 Massachusetts Institute of Te 77 Massachusetts Ave 11-120 Cambridge MA 02139 042103594 15000 0 Stanford University Bursar 415 Broadway 2nd Fl Redwood City CA 94063 941156365 10000 0 UC Regents 1111 Franklin Street 8th Fl Oakland CA 94607 943067788 15000 0 University of Colorado 13120 E 19th Ave Room 2120 Aurora CO 80045 846000555 7500 0 0 6 Educational grants 7 53000 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.