Magbit Foundation
Magbit Foundation
Want to make a donation using Daffy?
Lower your income taxes with a charitable deduction this year when you donate to this non-profit via Daffy.
Do you work for Magbit Foundation? Learn more here.
By donating on this page you are making an irrevocable contribution to Daffy Charitable Fund, a 501(c)(3) public charity, and a subsequent donation recommendation to the charity listed above, subject to our Member Agreement. Contributions are generally eligible for a charitable tax-deduction and a yearly consolidated receipt will be provided by Daffy. Processing fees may be applied and will reduce the value available to send to the end charity. The recipient organizations have not provided permission for this listing and have not reviewed the content.
Donations to organizations are distributed as soon as the donation is approved and the funds are available. In the rare event that Daffy is unable to fulfill the donation request to this charity, you will be notified and given the opportunity to choose another charity. This may occur if the charity is unresponsive or if the charity is no longer in good standing with regulatory authorities.
About this organization
Revenue
$864,629
Expenses
$626,083
Mission
The specific purpose of the foundation is to provide aid to and to support Jewish causes and charities.
About
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.
Interesting data from their 2019 990 filing
The filing sets forth the mission of the non-profit as “The specific purpose of the foundation is to provide aid to and to support jewish causes and charities.”.
When detailing its responsibilities, they were listed as: “The specific purpose of the foundation is to provide aid to and to support jewish causes and charities.”.
- The address of the non-profit for 2019 according to the filing is 433 N CAMDEN DR 4TH FLOOR 102, BEVERLY HILLS, CA, 90210.
- The number of employees reported by the non-profit on their form as of 2019 is 1.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Has foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are between $500,000 and $1,000,000+.
- Revenue is between $500,000 and $1,000,000+.
- Revenue less expenses is $238,546.
- The CEO compensation scheme within the organization is not based on a review and endorsement process by an independent body.
- The organization has 0 independent voting members.
- The organization is required to file Schedule B.
- The organization's financial statements were compiled or reviewed by an accountant.
- The organization pays $120,501 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization pays grants to individuals.
- The organization has fundraising events.
- The organization has grants to organizations.