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Michael And Lori Milken Family Foundation is a private trust based in SANTA MONICA, CA. The foundation received its IRS ruling in 2018. The principal officer is Richard V Sandler. It holds total assets of $401.7M. Annual income is reported at $61.4M. Total assets have grown from $288.2M in 2018 to $401.7M in 2023. The foundation is governed by 6 officers and trustees. Tax records are available from 2020 to 2023. Grantmaking is concentrated in California. According to available records, Michael And Lori Milken Family Foundation has made 400 grants totaling $79.4M, with a median grant of $5K. Annual giving has grown from $15.7M in 2020 to $22.8M in 2023. Individual grants have ranged from $300 to $19M, with an average award of $199K. The foundation has supported 205 unique organizations. The foundation primarily supports organizations in California, Pennsylvania, New York, which account for 83% of all grants. Grantmaking reaches organizations across 18 states. Contributions to this foundation are tax-deductible.
The Michael and Lori Milken Family Foundation operates fundamentally as an invitation-driven philanthropic institution. Despite having formal application instructions on record with the IRS — specifying a three-page written statement process — multiple intelligence sources confirm that this $401.7M foundation does not regularly entertain unsolicited proposals. Instead, it identifies, cultivates, and invites organizations aligned with its tightly curated priorities in K-12 education innovation and life sciences research.
The governance structure reflects this insider orientation. All trustees are Milken family members: Michael and Lori Milken (founders), Lance, Gregory, and Bari Milken (second generation), plus Richard Sandler as the compensated professional co-trustee ($275,000 annually). These are principals who shape grantmaking through personal conviction and relationship, not a formal program staff responding to open RFPs.
The clearest pathway into this foundation runs through its own signature programs. Organizations that partner with the Milken Educator Awards as regional hosts, serve as ARTEFFECT partner schools, provide Milken Scholars referrals, or co-sponsor Jewish Educator Award events are already operating inside the foundation's orbit. These collaborative roles are the documented gateway to direct grant support.
For medical research, the model mirrors education: Michael Milken founded the Prostate Cancer Foundation himself, and it remains one of the largest external grantees ($4.175M across 4 grants). Other healthcare grantees — UCLA Mattel Children's Hospital ($587K across 4 grants), Focused Ultrasound Foundation ($100K), Keep Memory Alive ($135K) — reflect deep personal connection to specific causes. Generic health service delivery does not align here.
Geography is a meaningful filter. Of approximately 400 tracked grants, 283 went to California-based organizations. New York (36 grants) and Washington, D.C. (22 grants) are secondary markets tied to national education policy work and Jewish community infrastructure. Los Angeles institutions dominate at every funding level.
First-time applicants should invest in relationship-building before any written submission. Attend the Milken Global Conference (held annually in May in Beverly Hills), engage with Milken Institute publications and events, build connections through Milken Educator Award alumni networks in your region, and consider co-presenting or partnering on existing MFF-affiliated programs before making any direct funding request. The relationship must precede the proposal.
The foundation's grantmaking data reveals a sharply bifurcated grant structure: a small number of transformative institutional awards at the top and a long tail of community-level support in the $25,000–$250,000 range.
At the apex, the Milken Institute — a related-party policy and research organization — received $44.9M across 4 grants (average $11.2M per grant), making it far and away the largest single grantee relationship. The Jewish Community Foundation of Los Angeles received $19.8M across 2 grants ($9.9M average), reflecting major strategic allocation to Jewish community infrastructure. These two relationships alone account for roughly 82% of the $79.4M in total tracked grant dollars.
Stripping out these related-party and infrastructure outliers, independent organizations typically receive $25,000–$500,000, with repeat grantees in the $100,000–$300,000 range most common. The foundation's own database records a median grant of $3,600 across 97 tracked awards — a figure heavily skewed by numerous small community contributions — and an average of $233,658 pulled upward by the institutional outliers. For external organizations, the practical working range is $50,000–$250,000 per grant year.
Annual giving has been consistent at $17M–$24.6M since 2018. Recent years cluster tightly: $22.7M (2020), $18.2M (2021), $22.8M (2022), $24.5M (2023). Total assets crossed $400M in 2023 ($401.7M), with total revenue of $60.5M that year (including $15.2M in contributions and $11.3M in net investment income), supporting continued giving at current levels.
By program area, education-related grants (K-12, higher education, research programs) account for approximately 65–70% of grant volume. Medical research and healthcare represent 15–20%, cultural programs roughly 10%, and Jewish community and human services the remaining 5–10%.
Multi-year relationships define the pattern. The Prostate Cancer Foundation averages $1.04M/year across 4 grants; the Los Angeles Ballet averages $295K/year across 4 grants; even smaller grantees like the Brent Shapiro Foundation ($21K/year across 4 grants) demonstrate sustained multi-year commitment. Initial grants in the $50,000–$100,000 range can grow to $200,000–$300,000 if impact is demonstrated over two to three years.
| Foundation | Assets | Annual Giving | Primary Focus | Application |
|---|---|---|---|---|
| Michael & Lori Milken Family Foundation | $401.7M | $24.5M | Education, Medical Research (CA) | Invitation-based |
| One8 Foundation | $401.1M | Est. $15-20M | Education, Social Justice (MA) | Limited solicitations |
| Inasmuch Foundation | $399.4M | Est. $10-15M | Education, Arts, Community (OK) | By invitation |
| Eugene B Casey Foundation | $397.3M | Est. $10-15M | Education, Health, Human Services (MD) | By invitation |
| Craig H Neilsen Foundation | $397.1M | Est. $15-20M | Spinal Cord Injury Research (CA) | Open application portal |
Among foundations with comparable asset bases ($397M–$402M), MFF stands out for the highest documented annual giving ($24.5M) and the most geographically concentrated grantee base — more than 70% of grants to California organizations. Unlike the Craig H Neilsen Foundation, which operates a transparent application portal for spinal cord injury research proposals, MFF functions almost exclusively by invitation and internal initiative, making it structurally harder to access through conventional grant-seeking. This invitation-only culture most closely resembles the Inasmuch and Eugene B. Casey foundations, which similarly route giving through personal relationships and named programs. Grant seekers already embedded in Los Angeles education, Jewish community, or cancer research ecosystems have a meaningful structural advantage over peers in other regions or sectors.
The foundation's most visible 2025–2026 activities center on its educator recognition and visual arts education programs. On February 24, 2026, a Los Angeles teacher was publicly surprised with a national Milken Educator Award, generating mainstream media coverage including CBS Los Angeles, the Jewish Journal, and the Los Angeles Daily News — the foundation's signature public-facing moment.
On January 12, 2026, the ARTEFFECT Gallery opened at the Milken Center for Advancing the American Dream in Washington, D.C., showcasing artwork from more than 40 young artists. This D.C. debut represents a meaningful geographic expansion for the visual arts program beyond its California and national school-based roots.
In November 2025, the foundation announced the 2025-2026 ARTEFFECT Ambassadors Cohort — a nationwide visual arts education initiative continuing to scale. October 2025 brought the annual Milken Educator Awards announcement ($25,000 prizes to outstanding K-12 educators). September 2025 featured $18,000 in Jewish Educator Awards distributed to four Los Angeles educators.
No major leadership transitions or strategic pivots were publicly announced in 2025–2026. Richard Sandler continues as the foundation's operational co-trustee. The Milken family's second-generation trustees (Lance, Gregory, Bari) are increasingly visible in foundation activities. The consistent cadence of educator recognition, visual arts expansion, and Jewish community programming suggests the foundation's priorities remain stable heading into 2026.
Given the foundation's invitation-only operating model, the most critical advice is: position your organization to receive an invitation before submitting anything. Here is how sophisticated grant seekers approach MFF:
Enter through the network, not the portal. The Milken Global Conference (held annually each May in Beverly Hills) is the single most important venue for relationship-building with Milken family trustees and Milken Institute staff. Apply to present research, attend as a delegate, or seek speaking opportunities on education or life sciences panels that align with MFF priorities.
Align with signature programs first. The foundation actively recruits organizations to partner with the Milken Educator Awards, ARTEFFECT, and Milken Scholars. Serving as a regional host school, referring educator nominees, or co-sponsoring student competitions creates a documented track record as a collaborator — not a supplicant — before any funding request.
Use the three-page format precisely if invited. The foundation's formal application instructions specify a brief written statement not exceeding three pages covering: (a) project goals, procedures, and personnel; (b) organizational background, years in operation, and other program areas; (c) previous and current funding sources; (d) dollar amount requested; (e) total project budget; and (f) plans for securing remaining funding. Include your IRS 501(c)(3) determination letter. Supporting printed materials may supplement but not replace the core statement.
Reference Milken's own framework language. Michael Milken consistently uses 'unlocking human potential' as a core belief. Proposals should frame impact in terms of education access, disease prevention, human capital development, and community self-sufficiency — not deficit-based narratives or systemic critique.
Target relationship-building with co-trustees. Richard Sandler (co-trustee, (310) 570-4800, 1250 4th St Suite 520, Santa Monica CA 90401) is the professional operational contact. Second-generation co-trustees Lance, Gregory, and Bari Milken are increasingly engaged in grantmaking decisions and represent emerging relationship targets for next-generation grant seekers.
Avoid cold submission. Organizations submitting proposals without prior relationship cultivation typically receive form rejections. Success rates increase dramatically when proposals arrive as the natural follow-through on an event conversation or a warm introduction from a current MFF grantee.
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Smallest Grant
$1K
Median Grant
$4K
Average Grant
$234K
Largest Grant
$17.8M
Based on 97 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.
The foundation's grantmaking data reveals a sharply bifurcated grant structure: a small number of transformative institutional awards at the top and a long tail of community-level support in the $25,000–$250,000 range. At the apex, the Milken Institute — a related-party policy and research organization — received $44.9M across 4 grants (average $11.2M per grant), making it far and away the largest single grantee relationship. The Jewish Community Foundation of Los Angeles received $19.8M across .
Michael And Lori Milken Family Foundation has distributed a total of $79.4M across 400 grants. The median grant size is $5K, with an average of $199K. Individual grants have ranged from $300 to $19M.
The Michael and Lori Milken Family Foundation operates fundamentally as an invitation-driven philanthropic institution. Despite having formal application instructions on record with the IRS — specifying a three-page written statement process — multiple intelligence sources confirm that this $401.7M foundation does not regularly entertain unsolicited proposals. Instead, it identifies, cultivates, and invites organizations aligned with its tightly curated priorities in K-12 education innovation an.
Michael And Lori Milken Family Foundation is headquartered in SANTA MONICA, CA. While based in CA, the foundation distributes grants to organizations across 18 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Richard Sandler | CO-TRUSTEE | $150K | $0 | $150K |
| Gregory Milken | CO-TRUSTEE | $0 | $0 | N/A |
| Lance Milken | CO-TRUSTEE | $0 | $0 | N/A |
| Michael Milken | TRUSTEE | $0 | $0 | N/A |
| Bari Milken | CO-TRUSTEE | $0 | $0 | N/A |
| Lori Milken | TRUSTEE | $0 | $0 | N/A |
Total Giving
$24.5M
Total Assets
$401.7M
Fair Market Value
N/A
Net Worth
$401.6M
Grants Paid
N/A
Contributions
$15.2M
Net Investment Income
$11.3M
Distribution Amount
$23.4M
Total Grants
400
Total Giving
$79.4M
Average Grant
$199K
Median Grant
$5K
Unique Recipients
205
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| HadassahHEALTH CARE | Beverly Hills, CA | $5K | 2023 |
| Milken InstituteHIGHER ED & RESEARCH INST. & PROGS | Santa Monica, CA | $19M | 2023 |
| Prostate Cancer FoundationPROSTATE CANCER RESEARCH | Santa Monica, CA | $1.2M | 2023 |
| Los Angeles BalletCULTURAL, LIBRARIES & MUSEUMS | Los Angeles, CA | $455K | 2023 |
| Ownership WorksCOMMUNITY CENTERS & PROGRAMS | New York, NY | $250K | 2023 |
| American Exchange ProjectPRESCHOOL - 12TH GRADE PROGRAMS | Sudbury, MA | $250K | 2023 |
| Windward SchoolPRESCHOOL - 12TH GRADE PROGRAMS | Los Angeles, CA | $200K | 2023 |
| University Of Southern California - Marshall School Of BusinessHIGHER ED & RESEARCH INST. & PROGS | Los Angeles, CA | $130K | 2023 |
| Ucla Foundationmattel Children'S HospitalHEALTH CARE | Los Angeles, CA | $122K | 2023 |
| University Of Pennsylvania - Graduate School Of EducationHIGHER ED & RESEARCH INST. & PROGS | Philadelphia, PA | $100K | 2023 |
| Milken Community SchoolPRESCHOOL - 12TH GRADE PROGRAMS | Los Angeles, CA | $100K | 2023 |
| DreamCOMMUNITY CENTERS & PROGRAMS | New York, NY | $100K | 2023 |
| Stanford University Graduate School Of BusinessHIGHER ED & RESEARCH INST. & PROGS | Stanford, CA | $100K | 2023 |
| Los Angeles Dodgers FoundationCOMMUNITY CENTERS & PROGRAMS | Los Angeles, CA | $100K | 2023 |
| Kehillat IsraelCOMMUNITY CENTERS & PROGRAMS | Pacific Palisades, CA | $100K | 2023 |
| Keep Memory AliveGENERAL RESEARCH | Las Vegas, NV | $75K | 2023 |
| Dea Educational FoundationPRESCHOOL - 12TH GRADE PROGRAMS | Santa Monica, CA | $50K | 2023 |
| Los Angeles Philharmonic AssociationCULTURAL, LIBRARIES & MUSEUMS | Los Angeles, CA | $50K | 2023 |
| Music Center Opera AssociationCULTURAL, LIBRARIES & MUSEUMS | Los Angeles, CA | $50K | 2023 |
| The John Thomas Dye SchoolPRESCHOOL - 12TH GRADE PROGRAMS | Los Angeles, CA | $50K | 2023 |
| Simon Wiesenthal CenterCULTURAL, LIBRARIES & MUSEUMS | Los Angeles, CA | $30K | 2023 |
| Vision To LearnHEALTH CARE | Los Angeles, CA | $25K | 2023 |
| Library Of CongressCULTURAL, LIBRARIES & MUSEUMS | Washington, DC | $25K | 2023 |
| New Heights YouthCOMMUNITY CENTERS & PROGRAMS | Brooklyn, NY | $25K | 2023 |
| StandwithusCOMMUNITY CENTERS & PROGRAMS | Los Angeles, CA | $25K | 2023 |
| Reach Academy For Young MenCOMMUNITY CENTERS & PROGRAMS | Beverly Hills, CA | $25K | 2023 |
| Brent Shapiro Foundation For Drug AwarenessHUMAN SERVICE PROGRAMS | Los Angeles, CA | $25K | 2023 |
| Rancho Mirage Writers FestivalCULTURAL, LIBRARIES & MUSEUMS | Rancho Mirage, CA | $20K | 2023 |
| American Friends Of Aish Hatorah - Western RegionCOMMUNITY CENTERS & PROGRAMS | Los Angeles, CA | $20K | 2023 |
| Tribe Media CorpCOMMUNITY CENTERS & PROGRAMS | Los Angeles, CA | $20K | 2023 |
| Shrm FoundationCOMMUNITY CENTERS & PROGRAMS | Alexandria, VA | $15K | 2023 |
| Joe Torre Safe At Home FoundationHUMAN SERVICE PROGRAMS | Los Angeles, CA | $15K | 2023 |
| The Help GroupHEALTH CARE | Sherman Oaks, CA | $10K | 2023 |
| Iolani SchoolPRESCHOOL - 12TH GRADE PROGRAMS | Honolulu, HI | $10K | 2023 |
| Los Angeles Jewish SymphonyCULTURAL, LIBRARIES & MUSEUMS | Encino, CA | $8K | 2023 |
| Students Run LaPRESCHOOL - 12TH GRADE PROGRAMS | Tarzana, CA | $8K | 2023 |
| Washington Nationals PhilanthropiesCOMMUNITY CENTERS & PROGRAMS | Washington, DC | $5K | 2023 |
| West Coast Friends Of Bar Ilan UniversityHIGHER ED & RESEARCH INST. & PROGS | New York, NY | $5K | 2023 |
| American Committee For Shaare Zedek Medical Center In JerusalemHEALTH CARE | Beverly Hills, CA | $5K | 2023 |
| American Friends Of Israel Sport Center For The DisabledCOMMUNITY CENTERS & PROGRAMS | Northfield, IL | $5K | 2023 |
| American Friends Of The Hebrew UniversityHIGHER ED & RESEARCH INST. & PROGS | Los Angeles, CA | $5K | 2023 |
| Archer School For GirlsPRESCHOOL - 12TH GRADE PROGRAMS | Los Angeles, CA | $5K | 2023 |
| Friends Of Sheba Medical CenterHEALTH CARE | Los Angeles, CA | $5K | 2023 |
| Giffords Law CenterCOMMUNITY CENTERS & PROGRAMS | San Francisco, CA | $5K | 2023 |
| Rett Syndrome Research TrustGENERAL RESEARCH | Trumbull, CT | $5K | 2023 |
| Temple Of The ArtsCOMMUNITY CENTERS & PROGRAMS | Beverly Hills, CA | $5K | 2023 |
| Los Angeles Police FoundationCOMMUNITY CENTERS & PROGRAMS | Los Angeles, CA | $5K | 2023 |
| American Friends Of LubavitchCOMMUNITY CENTERS & PROGRAMS | Washington, DC | $5K | 2023 |
| Aleph InstituteCOMMUNITY CENTERS & PROGRAMS | Los Angeles, CA | $4K | 2023 |
| Los Angeles Jewish HealthHUMAN SERVICE PROGRAMS | Reseda, CA | $4K | 2023 |
MENLO PARK, CA
LOS ANGELES, CA
PALO ALTO, CA