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Lance And Hillary Milken Foundation is a private corporation based in SANTA MONICA, CA. The foundation received its IRS ruling in 2012. The principal officer is Michael Milken. It holds total assets of $13.4M. Annual income is reported at $593K. Total assets have grown from $7M in 2011 to $13.4M in 2024. The foundation is governed by 5 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2024. Grantmaking is concentrated in California. According to available records, Lance And Hillary Milken Foundation has made 81 grants totaling $2.2M, with a median grant of $5K. Annual giving has decreased from $1.5M in 2022 to $709K in 2023. Individual grants have ranged from $250 to $200K, with an average award of $27K. The foundation has supported 42 unique organizations. The foundation primarily supports organizations in California, Pennsylvania, New York, which account for 91% of all grants. Grantmaking reaches organizations across 7 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$13K
Average Grant
$47K
Largest Grant
$180K
Based on 15 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Lance And Hillary Milken Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 81 grants. Its grantmaking reaches organizations primarily in CA, PA, NY.
Lance And Hillary Milken Foundation has distributed a total of $2.2M across 81 grants. The median grant size is $5K, with an average of $27K. Individual grants have ranged from $250 to $200K.
Lance And Hillary Milken Foundation typically selects its grantees rather than accepting unsolicited proposals.
Lance And Hillary Milken Foundation is headquartered in SANTA MONICA, CA. While based in CA, the foundation distributes grants to organizations across 7 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Lori Milken | DIRECTOR | $0 | $0 | N/A |
| Ralph Finerman | SECRETARY/TREASURER AND DIRECTOR | $0 | $0 | N/A |
| Hillary Milken | VICE PRESIDENT & DIRECTOR | $0 | $0 | N/A |
| Michael Milken | DIRECTOR | $0 | $0 | N/A |
| Lance Milken | PRESIDENT & DIRECTOR | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$13.4M
Fair Market Value
N/A
Net Worth
$13.4M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
81
Total Giving
$2.2M
Average Grant
$27K
Median Grant
$5K
Unique Recipients
42
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Jewish Community FoundationCOMMUNITY CENTERS & PROGRAMS | Los Angeles, CA | $200K | 2023 |
| The Jewish Federation Of Greater Los AngelesCOMMUNITY CENTERS & PROGRAMS | Los Angeles, CA | $120K | 2023 |
| Wilshire Boulevard TempleCOMMUNITY CENTERS & PROGRAMS | Los Angeles, CA | $107K | 2023 |
| Trustees Of The University Of PennsylvaniaHIGHER ED & RESEARCH INST. & PROGS | Philadelphia, PA | $80K | 2023 |
| Brentwood SchoolPRESCHOOL - 12TH GRADE PROGRAMS | Los Angeles, CA | $60K | 2023 |
| Milken InstituteHIGHER ED & RESEARCH INST. & PROGS | Santa Monica, CA | $50K | 2023 |
| California Community FoundationCOMMUNITY CENTERS & PROGRAMS | Los Angeles, CA | $15K | 2023 |
| Ucla Mattel Childrens HospitalHEALTH CARE | Los Angeles, CA | $12K | 2023 |
| Los Angeles BalletCULTURAL, LIBRARIES & MUSEUMS | Los Angeles, CA | $12K | 2023 |
| American Friends Of Magen David AdomHEALTH CARE | Los Angeles, CA | $10K | 2023 |
| Penn HillelHIGHER ED & RESEARCH INST. & PROGS | Philadelphia, PA | $10K | 2023 |
| Baby2babyHUMAN SERVICE PROGRAMS | Los Angeles, CA | $5K | 2023 |
| City Year IncPRESCHOOL - 12TH GRADE PROGRAMS | Los Angeles, CA | $5K | 2023 |
| Present NowHUMAN SERVICE PROGRAMS | Santa Monica, CA | $5K | 2023 |
| Organization For Social Media SafetyCOMMUNITY CENTERS & PROGRAMS | West Hills, CA | $4K | 2023 |
| Visionary WomenCOMMUNITY CENTERS & PROGRAMS | Beverly Hills, CA | $3K | 2023 |
| Cedars-Sinai Medical CenterGENERAL RESEARCH | Los Angeles, CA | $2K | 2023 |
| Foundation For Living BeautyHUMAN SERVICE PROGRAMS | Pasadena, CA | $2K | 2023 |
| Park Avenue SynagogueCOMMUNITY CENTERS & PROGRAMS | New York, NY | $1K | 2023 |
| Leukemia & Lymphoma SocietyGENERAL RESEARCH | New York, NY | $1K | 2023 |
| JewbelongCOMMUNITY CENTERS & PROGRAMS | Upper Montclair, NJ | $1K | 2023 |
| Geffen PlayhouseCULTURAL, LIBRARIES & MUSEUMS | Los Angeles, CA | $1K | 2023 |
| Youth Renewal FundPRESCHOOL - 12TH GRADE PROGRAMS | New York, NY | $1K | 2023 |
| Lynne Cohen Foundation For Ovarian Cancer ResearchGENERAL RESEARCH | Santa Monica, CA | $1K | 2023 |
| New York Empire BaseballCOMMUNITY CENTERS & PROGRAMS | New York, NY | $500 | 2023 |
| Project MorryCOMMUNITY CENTERS & PROGRAMS | Port Chester, NY | $500 | 2023 |
| Jdrf InternationalGENERAL RESEARCH | Tustin, CA | $500 | 2023 |
| Join IsraelCOMMUNITY CENTERS & PROGRAMS | Lawrence, NY | $500 | 2023 |
| United In HarmonyCOMMUNITY CENTERS & PROGRAMS | Los Angeles, CA | $250 | 2023 |
| The Jewish FederationCOMMUNITY CENTERS & PROGRAMS | Los Angeles, CA | $50K | 2022 |
| Ucla Foundation- Mattel Childrens HospitalHEALTH CARE | Los Angeles, CA | $18K | 2022 |
| Los Angeles Dodgers FoundationCOMMUNITY CENTERS & PROGRAMS | Los Angeles, CA | $13K | 2022 |
MENLO PARK, CA
LOS ANGELES, CA
PALO ALTO, CA