Lance And Hillary Milken Foundation
- Assets
- $13.8m
- Revenue
- $2.8m
- Investments
- $13.2m
- Employees
- 0
- Location
- Santa Monica, CA
- Founding
- 05/2012
- Data as of
- 12/2021
- EIN
- 45-3190486
Organization Overview
Lance And Hillary Milken Foundation is located in Santa Monica, CA. The organization was established in 2012. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lance And Hillary Milken Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Lance And Hillary Milken Foundation has awarded 44 individual grants totaling $2,015,860. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lance Milken President & Director | 10 | $0 | |
Hillary Milken Vice President & Director | 5 | $0 | |
Ralph Finerman Secretary/treasurer And Director | 5 | $0 | |
Michael Milken Director | 5 | $0 | |
Lori Milken Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $141 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,574,461 |
| Capital Gain Net Income | $2,564,506 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $238,609 |
| Total Revenue | $2,813,211 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $41,685 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2 |
| Total operating and administrative expenses | $66,937 |
| Contributions, gifts, grants paid | $706,000 |
| Total expenses and disbursements | $772,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,077 |
| Savings and temporary cash investments | $600,040 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $13,151,928 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,820,045 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lance And Hillary Milken Foundation has awarded $1,461,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: COMMUNITY CENTERS & PROGRAMS | $500,000 |
JEWISH COMMUNITY FOUNDATION PURPOSE: COMMUNITY CENTERS & PROGRAMS | $180,000 |
Philadelphia, PA PURPOSE: EDUCATIONAL PROGRAMS | $155,000 |
Los Angeles, CA PURPOSE: EDUCATIONAL PROGRAMS | $152,500 |
Los Angeles, CA PURPOSE: COMMUNITY CENTERS & PROGRAMS | $101,500 |
Los Angeles, CA PURPOSE: EDUCATIONAL PROGRAMS | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |
Benificus Foundation San Carlos, CA | $13,481,294 | $1,960,393 |
H&h Evergreen Foundation Menlo Park, CA | $393,647,714 | $39,435,652 |
The Energy Foundation San Francisco, CA | $108,278,429 | $83,158,939 |
Stupski Foundation San Francisco, CA | $0 | $134,835,311 |