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.
