The Milken Institute

Organization Overview

The Milken Institute is located in Santa Monica, CA. The organization was established in 1991. According to its NTEE Classification (O53) the organization is classified as: Youth Development - Business, under the broad grouping of Youth Development and related organizations. As of 12/2021, Milken Institute employed 231 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milken Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2020, Milken Institute generated $137.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $54.2m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Milken Institute has awarded 40 individual grants totaling $11,998,717. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO ADVANCE SOLUTIONS THAT WIDEN ACCESS TO CAPITAL, CREATE JOBS AND IMPROVE HEALTH.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE MILKEN INSTITUTE PURSUES ITS MISSION THROUGH A RANGE OF PROGRAMMATIC ACTIVITIES IN OUR CENTERS.FASTERCURES WORKS TO IMPROVE THE MEDICAL RESEARCH SYSTEM-- TO CLEAR ROADBLOCKS THAT PREVENT MEDICAL BREAKTHROUGHS FROM REACHING PATIENTS SOONER. ITS MISSION IS TO ACCELERATE THE PROGRESS OF DISCOVERY AND DEVELOPMENT OF MEDICAL SOLUTIONS THROUGH PROGRAMS THAT EDUCATE STAKEHOLDERS, AMPLIFY BEST PRACTICES, AND CREATE OPPORTUNITIES FOR LEADERS ACROSS SECTORS TO COME TOGETHER AND EFFECT CHANGE.THE CENTER FOR FINANCIAL MARKETS PROMOTES FINANCIAL MARKET UNDERSTANDING AND WORKS TO EXPAND ACCESS TO CAPITAL, STRENGTHEN - AND DEEPEN - FINANCIAL MARKETS, AND DEVELOP INNOVATIVE FINANCIAL SOLUTIONS TO THE MOST PRESSING GLOBAL CHALLENGES.THE CALIFORNIA CENTER MEASURES, EVALUATES AND ANALYZES CALIFORNIA'S ECONOMIC, DEMOGRAPHIC AND SOCIAL CONDITIONS AND TRENDS TO HELP BUSINESS AND GOVERNMENT LEADERS BUILD CALIFORNIA'S BUSINESS CAPACITY, ENCOURAGE INNOVATION, CREATE JOBS, ENSURE LONG-TERM PROSPERITY AND IMPROVE THE QUALITY OF LIFE FOR ALL CALIFORNIANS.THE MILKEN INSTITUTE ASIA CENTER, BASED IN SINGAPORE, ANALYZES THE DEMOGRAPHIC TRENDS, TRADE RELATIONSHIPS AND CAPITAL FLOWS THAT WILL DEFINE THE FUTURE. IT PROVIDES RESEARCH AND THOUGHT LEADERSHIP THAT CAN ASSIST GOVERNMENTS, INVESTORS AND INDUSTRY AS THE ASIAN CAPITAL MARKETS AND INDUSTRIES RAPIDLY EXPAND.THE CENTER FOR REGIONAL ECONOMICS (FORMERLY CENTER FOR JOBS AND HUMAN CAPITAL) PROMOTES PROSPERITY AND SUSTAINABLE ECONOMIC GROWTH AROUND THE WORLD BY INCREASING THE UNDERSTANDING OF THE DYNAMICS THAT DRIVE JOB CREATION AND INDUSTRY EXPANSION. THE CENTER IS A RESOURCE FOR POLICYMAKERS AND BUSINESSES SEEKING RIGOROUS, ACCESSIBLE RESEARCH THAT SHOWS HOW THEIR GEOGRAPHIC AREA COMPARES TO OTHERS THAT ARE COMPETING FOR THE SAME INDUSTRIES AND HUMAN CAPITAL. OUR RESEARCH DEVELOPS INNOVATIVE, IMPLEMENTABLE ECONOMIC AND POLICY SOLUTIONS THAT WILL PROVIDE STAKEHOLDERS WITH THE TOOLS TO CREATE JOBS AND IMPROVE ACCESS TO CAPITAL.THE CENTER FOR PUBLIC HEALTH USES APPLIED RESEARCH, ECONOMICS, POLICY AND COMMUNICATIONS TO SOLVE PUBLIC HEALTH CHALLENGES. CPH REACHES OUT, CONVENES AND COLLABORATES WITH LIKE-MINDED INSTITUTIONS AND THOUGHT LEADERS IN BUSINESS, GOVERNMENT, PHILANTHROPY, EDUCATION AND THE MEDIA TO SHAPE SYSTEM-LEVEL SOLUTIONS TO THE WORLD'S MOST URGENT HEALTH CHALLENGES.THE MISSION OF THE CENTER FOR THE FUTURE OF AGING IS TO IMPROVE LIVES AND STREGTHEN SOCIETIES BY PROMOTING HEALTHY, PRODUCTIVE AND PURPOSEFUL AGING.THE CENTER FOR STRATEGIC PHILANTHROPY WORKS TO MAXIMIZE RETURN ON PHILANTHROPIC INVESTMENT BY ENSURING THAT INNOVATION USED TO ADDRESS ONE SOCIAL ISSUE IS TRANSLATED TO ANOTHER, BEST PRACTICES AND METRICS GUIDE NEW AND EXISTING GIVING PROGRAMS, AND RESOURCES ARE INVESTED TO OPTIMIZE OUTCOMES.MILKEN SCHOLARS PROGRAM PROVIDES SCHOLARSHIP SUPPORT, EXTENSIVE TRAINING AND MENTORING TO COLLEGE STUDENTS WHO ARE GENERALLY OF MODEST TO MIDDLE INCOME AND ARE SELECTED AFTER A RIGOROUS PROCESS. THE PROGRAM WAS APPROVED AS A SCHOLARSHIP GRANTING PROGRAM BY THE INTERNAL REVENUE SERVICE WHILE IT WAS OPERATED BY MILKEN FAMILY FOUNDATION.


THE MILKEN INSTITUTE ACTIVELY ENGAGES AND EDUCATES LEADERS IN BUSINESS, SEMINARS AND CONFERENCES RELATED TO ITS CHARITABLE PURPOSE. THESE INCLUDE: GLOBAL CONFERENCE, CALIFORNIA POLICY SUMMIT, FUTURE OF HEALTH SUMMIT, LONDON SUMMIT, ASIA SUMMIT, FINANCIAL INNOVATION LABS AND FORUMS. THE SENIOR STAFF AND FELLOWS SPEAK REGULARLY AT EVENTS ACROSS THE UNITED STATES AND AROUND THE WORLD. THEY ARE AVAILABLE FOR SPEAKING AT CONFERENCES AND SEMINARS ON A VARIETY OF TOPICS.


THE MILKEN INSTITUTE PURSUES ITS MISSION THROUGH APPLIED ECONOMIC RESEARCH AND PUBLISHES THE MILKEN INSTITUTE REVIEW - A QUARTERLY MAGAZINE THAT PROVIDES A FORUM FOR ANALYSIS AND COMMENTARY ON U.S. AND GLOBAL ECONOMIC POLICY AND PRACTICE.


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Board, Officers & Key Employees

Name (title)Compensation
Michael L Klowden
CEO
$723,033
Richard Ditizio
President & COO
$669,905
Kerry Healey
President - Mcaad
$550,541
Kathryn O'reilly
Exec Dir-Business & Prog Development
$424,971
John Hunter
Exec. VP & CFO
$390,667
Martha Mazzone
COO & General Counsel - Mcaad
$383,141

Outside Vendors & Contractors

Vendor Name (Service)Compensation
The John Akridge Company
Construction And Property Management
$58,141,605
Shalom Baranes Associates
Architectural Consulting Services
$2,805,746
Video Applications Inc Dba World Stage
Event Production
$2,136,827
Vision Matrix Productions Inc
Event Production
$2,126,545
The Milken Family Foundation
Event Production
$1,866,762
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$121,048,896
Noncash contributions included in lines 1a–1f $1,039,933
Total Revenue from Contributions, Gifts, Grants & Similar$121,048,896
Total Program Service Revenue$155,746
Investment income $6,247,974
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $2,000,355
Net Gain/Loss on Asset Sales $8,471,993
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $137,924,964

Grants Awarded

Over the last fiscal year, The Milken Institute has awarded $400,000 in support to 3 organizations.

Grant RecipientAmount

JERUSALEM FOUNDATION

Org PageRecipient Profile

New York, NY

PURPOSE: SUPPORT OF JERUSALEM INSTITUTE FOR ISRAEL STIDUES

$300,000

CATALYST DEVELOPMENT CORP

Org PageRecipient Profile

Savannah, GA

PURPOSE: SUPPORT SCALABILITY OF MINORITY DEPOSITORY INSTITUTIONS AND COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS

$50,000

UNIVERSITY OF CHICAGO

Org PageRecipient Profile

Chicago, IL

PURPOSE: SUPPORT COMMUNITY OUTREACH PROGRAMS

$50,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 43 grants that The Milken Institute has recieved totaling $7,665,848.

Awarding OrganizationAmount
Minerd Foundation

Chicago, IL

PURPOSE: TO FOCUS ON FINANCIAL, PHYSICAL, MENTAL AND ENVIRONMENTAL HEALTH, TO BRING TOGETHER THE BEST IDEA AND INNOVATIVE RESOURCING TO DEVELOP BLUEPRINTS FOR TACKLING SOME OF OUR MOST CRITICAL GLOBAL ISSUES

$2,200,000
The Bessemer Giving Fund

Woodbridge, NJ

PURPOSE: BIPOLAR DISORDER RESEARCH FUND/MEDICAL RESEARCH

$780,000
Rockefeller Foundation

New York, NY

PURPOSE: FOR USE BY ITS FASTERCURES CENTER, IN SUPPORT OF EFFORTS TO LAUNCH A COORDINATED NETWORK OF ORGANIZATIONS TO BUILD AN EARLY WARNING SYSTEM THAT WILL PREVENT FUTURE GLOBAL PANDEMICS

$500,000
The Diller Foundation

New York, NY

PURPOSE: GENERAL FUND

$425,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$360,050
Rockefeller Foundation

New York, NY

PURPOSE: TOWARD THE COSTS OF CONVENING A TASKFORCE TO ELEVATE THE ROLE OF HEALTHCARE IN INCREASING EQUITABLE ACCESS TO HEALTHY FOOD

$250,000
View Grant Recipient Profile

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