Michael And Lori Milken Family Foundation

Organization Overview

Michael And Lori Milken Family Foundation is located in Santa Monica, CA. The organization was established in 2018. 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. Michael And Lori Milken Family Foundation 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 11/2021, Michael And Lori Milken Family Foundation generated $49.1m in total revenue. All expenses for the organization totaled $24.6m during the year ending 11/2021. While expenses have increased by 20.2% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Michael And Lori Milken Family Foundation has awarded 242 individual grants totaling $43,003,300. 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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Outside Vendors & Contractors

Vendor Name (Service)Compensation
The Milken Family Foundation
$789,075
Elizabeth Robison
$200,000
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $16,473
Dividends & Interest $38,287
Net Rental Income$0
Net Gain on Sale of Assets $41,036,998
Capital Gain Net Income $40,150,330
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $8,046,840
Total Revenue $49,138,598

Grants Awarded

Over the last fiscal year, Michael And Lori Milken Family Foundation has awarded $25,969,800 in support to 104 organizations.

Grant RecipientAmount

JEWISH COMMUNITY FOUNDATION

PURPOSE: COMMUNITY CENTERS & PROGRAMS

$17,800,000

PROSTATE CANCER FOUNDATION

Org PageRecipient Profile

Santa Monica, CA

PURPOSE: MEDICAL RESEARCH PROGRAMS

$1,800,000

PROSTATE CANCER FOUNDATION

Org PageRecipient Profile

Santa Monica, CA

PURPOSE: MEDICAL RESEARCH PROGRAMS

$1,702,000

Santa Monica, CA

PURPOSE: EDUCATION & RESEARCH PROGRAMS

$1,050,000

Los Angeles, CA

PURPOSE: EDUCATIONAL PROGRAMS

$1,000,000

UNIVERSITY OF PENNSYLVANIA - GRADUATE SCHOOL OF EDUCATION

PURPOSE: EDUCATION & RESEARCH PROGRAMS

$365,000
View Grant Profile

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