Milbank Memorial Fund
- Assets
- $102.5m
- Revenue
- $6.2m
- Investments
- $98.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1942
- Data as of
- 12/2021
- EIN
- 13-5562282
Organization Overview
Milbank Memorial Fund is located in New York, NY. The organization was established in 1942. 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. Milbank Memorial Fund 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 12/2021, Milbank Memorial Fund generated $6.2m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $5.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Milbank Memorial Fund has awarded 49 individual grants totaling $357,165. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
IDENTIFY, INFORM, AND INSPIRE STATE HEALTH POLICY LEADERS: ACTIVITIES INCLUDED PROVIDING TECHNICAL ASSISTANCE TO STATE AND FEDERAL POLICYMAKERS, CONVENING MEETINGS ON ISSUES OF HEALTH POLICY AND POPULATION HEALTH, CONDUCTING A PROGRAM TO PROMOTE SKILLS DEVELOPMENT AND NETWORKING AMONG EMERGING STATE LEADERS.
PROVIDE AUTHORITATIVE EVIDENCE, EXPERIENCE, AND SUPPORT ON SELECTED ISSUES OF CRITICAL IMPORTANCE TO THE STATES TO STIMULATE MEANINGFUL RESPONSE: ACTIVITIES INCLUDED CONVENING MEETINGS OF PUBLIC AND PRIVATE DECISION MAKERS AND PUBLISHING REPORTS ON SUCH ISSUES AS STATE SERVICES FOR AGING POPULATIONS, PRIMARY CARE TRANSFORMATION, MEASURING TOTAL COST OF CARE, AND BEHAVIORAL HEALTH.
THE MILBANK QUARTERLY AND COMMUNICATIONS: ACTIVITIES INCLUDED EDITING AND PUBLISHING THE MILBANK QUARTERLY, A PEER-REVIEWED JOURNAL OF HEALTH POLICY AND POPULATION HEALTH, AND INCREASING AWARENESS OF THE FUND'S WORK BY COMMUNICATING ITS RESULTS TO A BROAD AUDIENCE.
PROGRAM DEVELOPMENT AND MANAGEMENT: ACTIVITIES INCLUDED PLANNING NEW PROJECTS WITH STRATEGIC PARTNERS, EVALUATING CONTINUING WORK, AND SUPPORTING PARTNER ORGANIZATIONS IN COLLABORATIVE WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher F Koller Director & President | 40 | $385,487 | |
Tara Strome Secretary And COO | 40 | $195,000 | |
Lisa Watkins Program Officer | 40 | $180,081 | |
Christine Haran Communications Dir. | 40 | $159,135 | |
Gail Cambridge Admin Services Manag | 40 | $130,735 | |
Rachel Block Program Officer | 40 | $109,549 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bailit Health Purchasing Llc | 12/30/21 | $707,615 |
Gardner Russo & Gardner | 12/30/21 | $103,690 |
Paterson Belknap | 12/30/21 | $123,323 |
Your Part Time Controller | 12/30/21 | $86,963 |
Eagle Capital Management | 12/30/21 | $86,954 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,241,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,439,610 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,392,309 |
| Capital Gain Net Income | $3,392,309 |
| Net ST Capital Gain | $15,293 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $128,217 |
| Total Revenue | $6,201,636 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $678,911 |
| Other employee salaries and wages | $815,549 |
| Pension plans, employee benefits | $580,733 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $8,615 |
| Occupancy | $386,901 |
| Travel, conferences, and meetings | $196,449 |
| Printing and publications | $1,533 |
| Other expenses | $1,899,824 |
| Total operating and administrative expenses | $5,284,152 |
| Contributions, gifts, grants paid | $175,350 |
| Total expenses and disbursements | $5,459,502 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $359,293 |
| Savings and temporary cash investments | $2,951,176 |
| 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 | $36,948 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $59,855,121 |
| Net Land, buildings, and equipment | $52,148 |
| Other assets | $206,206 |
| Total assets | $102,468,530 |
| Accounts payable and accrued expenses | $335,328 |
| 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 | $1,272,000 |
| Total liabilities | $1,607,328 |
Grants Awarded
Over the last fiscal year, Milbank Memorial Fund has awarded $168,350 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHERN UNIVERSITY AND A&M COLLEGE NELSON MANDELA COLLEGE OF GOVERNMENT A PURPOSE: GENERAL SUPPORT | $100,000 |
GEORGE WASHINGTON UNIVERSITY PURPOSE: GENERAL SUPPORT | $25,000 |
YALE SCHOOL OF PUBLIC HEALTH PURPOSE: GENERAL SUPPORT | $15,000 |
ST BRIGID RC CHURCH PURPOSE: GENERAL SUPPORT | $5,000 |
GEORGETOWN DAY SCHOOL PURPOSE: GENERAL SUPPORT | $5,000 |
PRESIDENT AND FELLOWS OF HARVARD COLLEGE PURPOSE: GENERAL SUPPORT | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Milbank Memorial Fund has recieved totaling $805,000.
| Awarding Organization | Amount |
|---|---|
Peter G Peterson Foundation New York, NY PURPOSE: TO HELP STATES BUILD CAPACITY TO SET AND TRACK GROWTH TARGETS FOR TOTAL HEALTHCARE EXPENDITURES. | $805,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |