Milbank Memorial Fund
- Assets
- $90.7m
- Revenue
- $19.3m
- Investments
- $87.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1942
- Data as of
- 12/2023
- 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 12/2023, Milbank Memorial Fund generated $19.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 47.4% each year . All expenses for the organization totaled $6.2m during the year ending 12/2023. While expenses have increased by 8.1% per year over the past 4 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, Milbank Memorial Fund has awarded 67 individual grants totaling $657,460. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 PROGRAMS TO PROMOTE SKILLS DEVELOPMENT AND NETWORKING AMONG EMERGING STATE LEADERS AND SENIOR 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, SUSTAINABLE HEALTH CARE COSTS, 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 And President | 40 | $415,904 | |
Tara Strome Secretary And COO | 40 | $221,708 | |
Paul D Cleary Director | 2 | $0 | |
John M Colmers Director And Chair | 4 | $0 | |
Linda V Decherrie Director | 2 | $0 | |
Peter Donnelly Director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bailit Health Purchasing Llc | 12/30/23 | $383,993 |
Burness Communications | 12/30/23 | $274,163 |
Cambridge Associates | 12/30/23 | $225,000 |
Manatt Phelps & Phillips Llp | 12/30/23 | $210,000 |
American Academy Of Family Phyisicians | 12/30/23 | $117,885 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,925,000 |
| Interest on Savings | $23 |
| Dividends & Interest | $1,919,072 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,307,217 |
| Capital Gain Net Income | $14,307,217 |
| Net ST Capital Gain | $742,042 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $189,898 |
| Total Revenue | $19,341,210 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $637,612 |
| Other employee salaries and wages | $886,160 |
| Pension plans, employee benefits | $586,536 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $8,616 |
| Occupancy | $394,693 |
| Travel, conferences, and meetings | $657,863 |
| Printing and publications | $0 |
| Other expenses | $517,606 |
| Total operating and administrative expenses | $5,919,390 |
| Contributions, gifts, grants paid | $310,545 |
| Total expenses and disbursements | $6,229,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,363 |
| Savings and temporary cash investments | $185,736 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $1,460,000 |
| 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 | $19,039 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $49,947,368 |
| Net Land, buildings, and equipment | $16,480 |
| Other assets | $1,253,969 |
| Total assets | $90,722,486 |
| Accounts payable and accrued expenses | $471,724 |
| 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 | $2,179,252 |
| Total liabilities | $2,650,976 |
Grants Awarded
Over the last fiscal year, Milbank Memorial Fund has awarded $300,295 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON UNIVERSITY PURPOSE: IN SUPPORT OF THE EDITOR OF THE MILBANK QUARTERLY, A PEER-REVIEWED, MULTIDISCIPLINARY JOURNAL OF POPULATION HEALTH AND HEALTH POLICY | $211,425 |
YALE UNIVERSITY PURPOSE: GENERAL SUPPORT | $5,000 |
UNIVERSITY OF MASSACHUSETTS BOSTON PURPOSE: IN SUPPORT OF A DATA BRIEF FOCUSED ON UNDERSTANDING THE TRENDS AND IMPACTS OF HAVING A USUAL SOURCE OF CARE ON PATIENT OUTCOMES | $30,000 |
NATIONAL ACADEMY OF SCIENCES PURPOSE: IN SUPPORT OF A WORKSHOP TO CONSIDER WHAT FACTORS AFFECTED THE ABILITY OF GOVERNMENTS AND OTHER INSTITUTIONS TO RESPOND SUCCESSFULLY TO THE PANDEMIC AND TO EXAMINE NEW APPROACHES THAT MIGHT ENABLE A MORE EFFECTIVE RESPONSE TO FUTURE PUBLIC HEALTH CRISES AND AVOID CONFLICTS THAT HINDER PANDEMIC RESPONSE | $25,000 |
UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL PURPOSE: IN SUPPORT OF A BRIEF ON TEACHING HEALTH CENTERS | $6,000 |
HOLY TRINITY SCHOOL PURPOSE: GENERAL SUPPORT | $5,000 |