California · Public charity
Magbit Foundation
The specific purpose of the foundation is to provide aid to and to support jewish causes and charities.
- $1.8M
- Granted FY2024(still arriving)
- 6
- Itemized grants FY2024
- 7
- Organizations funded FY2023
- 43%
- First-time grantees FY2023
- Itemized, FY2024
- $71k
- The rest is grants the schedule does not break out
- Median grant, FY2024
- $13,000
- Largest grant, FY2024
- $15,000
- Organizations funded a year
- 3 to 11
- FY2017 to FY2023
- States reached, FY2024
- 5
- Total assets, FY2024
- $5.4M
How open it is to new grantees
In FY2023, 43% of the organizations Magbit Foundation funded were first-time grantees, receiving 49% of its grant dollars.
New vs renewed · share of each year
In FY2023, 51% of grant dollars renewed an existing relationship; $68k went to new ones.
Where new relationships form · theme of each grantee’s first grant
How this is measured
The numbers by year
| Fiscal year | Organizations funded | To those organizations | First-time grantees |
|---|---|---|---|
| FY2024still arriving | 4 | $46k | 50% |
| FY2023 | 7 | $140k | 43% |
| FY2022 | 3 | $59k | 0% |
| FY2021 | 6 | $97k | 33% |
| FY2020 | 11 | $230k | 64% |
| FY2019 | 5 | $68k | 20% |
| FY2018 | 5 | $111k | 40% |
| FY2017 | 3 | $96k | n/a |
What it funded, over time
Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2024.
Top grantees
Largest recipients by total granted, FY2017 to FY2024, and the share of each one’s budget the grants supplied at peak.
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| American Friends of Ariel University Inc | $220,000 | 3 | 11% |
| Sackler School of Medicine | $216,500 | 7 | 1% |
| Regents of the University of California | $100,500 | 4 | n/a |
| American Friends of Maagalim Inc | $51,000 | 4 | 5% |
| American Friends Of Or National Missions | $50,000 | 1 | 1% |
| American Friends of Beit Issie Shapiro Inc | $35,000 | 3 | 1% |
| University of California Berkeley Foundation | $21,000 | 3 | 0% |
| Creighton University | $21,000 | 2 | 0% |
| Regents Univ of California | $20,000 | 3 | n/a |
| University of California Santa Barbara | $18,000 | 3 | n/a |
Show all 19 grantees
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| American Friends of Ariel University Inc | $220,000 | 3 | 11% |
| Sackler School of Medicine | $216,500 | 7 | 1% |
| Regents of the University of California | $100,500 | 4 | n/a |
| American Friends of Maagalim Inc | $51,000 | 4 | 5% |
| American Friends Of Or National Missions | $50,000 | 1 | 1% |
| American Friends of Beit Issie Shapiro Inc | $35,000 | 3 | 1% |
| University of California Berkeley Foundation | $21,000 | 3 | 0% |
| Creighton University | $21,000 | 2 | 0% |
| Regents Univ of California | $20,000 | 3 | n/a |
| University of California Santa Barbara | $18,000 | 3 | n/a |
| University of West Los Angele | $16,000 | 2 | n/a |
| Western University of Health Sciences | $10,000 | 1 | 0% |
| Career Development Institute | $10,000 | 1 | n/a |
| California University of Science and Medicine | $10,000 | 1 | 0% |
| California State University Northridge | $9,000 | 1 | n/a |
| San Jose State University | $8,000 | 1 | n/a |
| Regents of the University of Colorado | $7,500 | 1 | n/a |
| Loyola Marymount University | $7,000 | 1 | 0% |
| American Society of the University of Haifa | $5,124 | 1 | 0% |
Plus 1 recipient with no EIN on record ($10k), not named here.
Where it is load-bearing
Each grantee by its size and the share of its budget Magbit Foundation supplied at peak.
Tap a dot to name the grantee.
How this is measured
Co-funders
Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.
Open a dossier: Jewish Communal Fund · National Philanthropic Trust · Vanguard Charitable Endowment Program · Fidelity Investments Charitable Gift Fund · Donor Advised Charitable Giving Inc
How this is measured
Warm introductions · Powered by PlinthPlus
How do I get to Magbit Foundation?
Find your warmest path to Magbit Foundation through trustees and officers whose names appear on both boards. Search for your organization and Plinth traces the shortest route it can evidence.
Each link is a name appearing on two organizations’ public IRS 990 filings, matched on that name and, where the filings support it, on location. A same-state match has geographic support, which is a second matching feature rather than confirmation that the two are one person; a cross-state one is the likeliest to be two people who share a name. Every hop shows its tier, low-confidence and distant paths are held back rather than guessed, and it is worth confirming the person before you use the introduction.
About Magbit Foundation
- How much does Magbit Foundation give?
- Magbit Foundation reported 6 itemized grants totaling $70,500, out of $1,759,731 in total grant expense reported on the return in its FY2024 IRS filing. It funded between 3 and 11 organizations a year over FY2017 to FY2023.
- What does Magbit Foundation fund?
- By grant dollars over FY2017 to FY2024, its largest causes are International (51%), Education (44%), Human Services (2%).
- Who are Magbit Foundation's largest grantees?
- By total granted over FY2017 to FY2024: American Friends of Ariel University Inc ($220k), Sackler School of Medicine ($217k), Regents of the University of California ($101k).
- Does Magbit Foundation fund new organizations?
- In FY2023, 43% of the organizations it funded were first-time grantees.
- Which funders back the same organizations as Magbit Foundation?
- Its strongest co-funders, measured against what their size predicts, include Jewish Communal Fund, National Philanthropic Trust, Vanguard Charitable Endowment Program.
- Where is Magbit Foundation based?
- Magbit Foundation is based in CA.
Play a game based on Magbit’s filings →