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.
For the year ending 12/2022, Lance And Hillary Milken Foundation generated $446.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $862.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lance And Hillary Milken Foundation has awarded 72 individual grants totaling $3,254,410. 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.
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 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $6,705 |
Dividends & Interest | $0 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $272,106 |
Capital Gain Net Income | $266,677 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $168,015 |
Total Revenue | $446,826 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $62,200 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $0 |
Total operating and administrative expenses | $104,150 |
Contributions, gifts, grants paid | $758,550 |
Total expenses and disbursements | $862,700 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $105,377 |
Savings and temporary cash investments | $373,412 |
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 | $12,925,382 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $13,404,171 |
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 |
Over the last fiscal year, Lance And Hillary Milken Foundation has awarded $1,238,550 in support to 28 organizations.
Grant Recipient | Amount |
---|---|
JEWISH COMMUNITY FOUNDATION PURPOSE: COMMUNITY CENTERS & PROGRAMS | $200,000 |
BRENTWOOD SCHOOL PURPOSE: PRESCHOOL - 12TH GRADE PROGRAMS | $150,000 |
WILSHIRE BOULEVARD TEMPLE PURPOSE: COMMUNITY CENTERS & PROGRAMS | $101,800 |
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA PURPOSE: HIGHER ED & RESEARCH INST. & PROGS | $75,000 |
MILKEN INSTITUTE PURPOSE: HIGHER ED & RESEARCH INST. & PROGS | $60,000 |
UCLA FOUNDATION- MATTEL CHILDRENS HOSPITAL PURPOSE: HEALTH CARE | $17,500 |