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MAGBIT FOUNDATION

BEVERLY HILLS, CAEIN: 95-4307648

Data sourced from IRS 990 public filings

MAGBIT FOUNDATION THE SPECIFIC PURPOSE OF THE FOUNDATION IS TO PROVIDE AID TO AND TO SUPPORT JEWISH CAUSES AND CHARITIES.

Local (City/County Level)
Grantmaking & Regranting
Racial/Ethnic Minorities
Jewish Philanthropy & Values
Faith-Based Services & Missions
Higher Education Access

Annual Revenue

$4,565,941

Known Funders

10

Grants Received

17

Financial History

YearRevenueExpensesAssets
2024$4,565,941$2,221,220$5,351,330
2023$1,407,554$850,390$3,009,129
2022$1,679,698$501,357$2,448,864
2021$100,182$400,623$1,273,743
2020$139,133$914,775$1,572,243
2019$1,186,620$322,064$2,348,711
2018$864,629$626,083$1,486,324
2017$1,002,948$713,274$1,243,933

Top Funders

$81,600 (2022)
$52,000 (2022)
$45,000 (2023)
$32,000 (2022)
$30,000 (2022)
$25,000 (2024)
RASTEGAR FOUNDATION INC

BEVERLY HILLS, CA

$25,000 (2024)
$20,000 (2024)
$10,000 (2024)
$10,000 (2023)

Key Personnel

From 2024 IRS 990 filing

J

Josh Simhaee

Treasurer

Officer
T

Tiffany Mikail Bensadigh

Vice President

Officer
E

Emily Khalili

Secretary

Officer
H

Hank Dayani

President

Officer
P

PAUL RAHIMIAN

Treasurer

Officer
E

Ebrahim Simhaee

Chairman

Officer
D

Doran Adhami

Vice President

Officer
P

Peter Cohen

Vice President

Officer
D

Dora Nazarian

Chairman

Officer
G

GINA ROFEEM

EXECUTIVE DIREC

Officer

Frequently Asked Questions

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