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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael L Klowden CEO | OfficerTrustee | 40 | $723,033 |
Richard Ditizio President & COO | Officer | 40 | $669,905 |
Kerry Healey President - Mcaad | Officer | 40 | $550,541 |
Kathryn O'reilly Exec Dir-Business & Prog Development | Officer | 40 | $424,971 |
John Hunter Exec. VP & CFO | Officer | 40 | $390,667 |
Martha Mazzone COO & General Counsel - Mcaad | Officer | 40 | $383,141 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
The John Akridge Company Construction And Property Management | 12/30/21 | $58,141,605 |
Shalom Baranes Associates Architectural Consulting Services | 12/30/21 | $2,805,746 |
Video Applications Inc Dba World Stage Event Production | 12/30/21 | $2,136,827 |
Vision Matrix Productions Inc Event Production | 12/30/21 | $2,126,545 |
The Milken Family Foundation Event Production | 12/30/21 | $1,866,762 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $643,578 |
Grants and other assistance to domestic individuals. | $666,886 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $3,168,777 |
Compensation of current officers, directors, key employees. | $403,110 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $21,366,382 |
Pension plan accruals and contributions | $678,505 |
Other employee benefits | $2,086,818 |
Payroll taxes | $1,561,262 |
Fees for services: Management | $0 |
Fees for services: Legal | $235,372 |
Fees for services: Accounting | $90,357 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $487,537 |
Fees for services: Investment Management | $101,844 |
Fees for services: Other | $5,153,121 |
Advertising and promotion | $240,087 |
Office expenses | $502,537 |
Information technology | $2,416,862 |
Royalties | $0 |
Occupancy | $2,290,827 |
Travel | $1,762,297 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $4,581,366 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,160,284 |
Insurance | $216,886 |
All other expenses | $218,357 |
Total functional expenses | $54,155,182 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,306,773 |
Savings and temporary cash investments | $148,949,368 |
Pledges and grants receivable | $3,865,286 |
Accounts receivable, net | $63,149 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $3,492,639 |
Net Land, buildings, and equipment | $261,026,167 |
Investments—publicly traded securities | $1,217,953 |
Investments—other securities | $168,768,395 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $15,723,537 |
Total assets | $606,413,267 |
Accounts payable and accrued expenses | $5,017,151 |
Grants payable | $12,000,000 |
Deferred revenue | $11,917,763 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $28,934,914 |
Net assets without donor restrictions | $577,478,353 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $606,413,267 |
Over the last fiscal year, The Milken Institute has awarded $400,000 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
New York, NY PURPOSE: SUPPORT OF JERUSALEM INSTITUTE FOR ISRAEL STIDUES | $300,000 |
Savannah, GA PURPOSE: SUPPORT SCALABILITY OF MINORITY DEPOSITORY INSTITUTIONS AND COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS | $50,000 |
Chicago, IL PURPOSE: SUPPORT COMMUNITY OUTREACH PROGRAMS | $50,000 |
Over the last fiscal year, we have identified 43 grants that The Milken Institute has recieved totaling $7,665,848.
Awarding Organization | Amount |
---|---|
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 |
Organization Name | Assets | Revenue |
---|---|---|
The Milken Institute Santa Monica, CA | $606,413,267 | $137,924,964 |
Homeboy Industries Los Angeles, CA | $59,123,075 | $52,322,011 |
Kcrw Foundation Inc Santa Monica, CA | $52,530,753 | $23,901,680 |
Tucson Youth Development Inc Tucson, AZ | $5,641,568 | $6,561,582 |
Enterprise For Youth San Francisco, CA | $1,761,578 | $2,844,856 |
Old Skool Cafe San Francisco, CA | $2,420,596 | $2,414,498 |
Girls Build Portland, OR | $653,032 | $916,642 |
Film2future Inc Los Angeles, CA | $559,202 | $562,765 |
Junior Achievement Of Northern Nevada Inc Reno, NV | $198,342 | $277,581 |
Jews For Entrepreneurship Organization Inc San Francisco, CA | $332,175 | $480,633 |
The Realreal Foundation San Francisco, CA | $2,995,705 | $1,897 |
Five Buckets Four Shovels Foundation San Francisco, CA | $195,617 | $0 |