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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
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