Thank You Letters to Magbit

                                                                                                                                   March 2008

Magbit Foundation of Greater Los Angeles

Student Loan Committee

433 N. Camden Drive

4th Floor, No. 235

Beverly Hills, CA 90210

U. S. A.

Dear Friends,

It is my privilege to send our greetings to the Magbit's 19th Annual Gala

Dinner celebrating Israel's 60 years of Independence.

As the Dean of Students responsible for the Student Services Division,

I extend my heartfelt appreciation and gratitude to the Magbit Foundation

for your continuous support of our students and your profound involvement

with their welfare.

It is our goal and main focus of energy that no student be prevented from

attaining a degree due to financial difficulties. We believe the best way to

fight poverty in Israel and minimize the growing income gap is to enable more

young people of limited means to gain a higher education.

These values start with you, our caring donors who help us to help our students

achieve academic success. Magbit Scholars always stress the importance of the

loan-grants they receive which enable them to focus more on their studies and

worry less about financial difficulties.

On this same note we join you in honoring Mr. David Merage , active leader of 

two philanthropic foundations whose primary mission is to promote

self-sufficiency through education and community development in the

United States and in Israel.

We in Israel are deeply grateful to count the Magbit Foundation of Greater

Los Angeles among our devoted friends and supporters.

Very truly

Prof. Yoav Ariel

Dean of Students