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The Milken Family Foundation is a private corporation based in SANTA MONICA, CA. The foundation received its IRS ruling in 1998. The principal officer is Lowell Milken. It holds total assets of $92M. Annual income is reported at $7M. Total assets have decreased from $311.6M in 2010 to $92M in 2023. The foundation is governed by 15 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 2023. The foundation primarily funds organizations in California, Massachusetts and District of Columbia. According to available records, The Milken Family Foundation has made 25 grants totaling $2M, with a median grant of $11K. Annual giving has decreased from $784K in 2021 to $476K in 2023. Individual grants have ranged from $1K to $400K, with an average award of $80K. The foundation has supported 16 unique organizations. The foundation primarily supports organizations in California, New Jersey, Massachusetts, which account for 76% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$18K
Average Grant
$78K
Largest Grant
$400K
Based on 10 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 Milken Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 25 grants. Its grantmaking reaches organizations primarily in CA, NJ, MA.
The Milken Family Foundation has distributed a total of $2M across 25 grants. The median grant size is $11K, with an average of $80K. Individual grants have ranged from $1K to $400K.
The Milken Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
The Milken Family Foundation is headquartered in SANTA MONICA, CA. While based in CA, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jane Foley | SR. VP, MILKEN EDUCATOR AWARDS | $324K | $39K | $363K |
| Richard Yee | SR. VP & CFO | $252K | $28K | $281K |
| Richard Sandler | EXECUTIVE VP & SECRETARY | $228K | $35K | $263K |
| Gary Panas | VP OF DESIGN | $205K | $31K | $236K |
| Nikki Hayes | VP, POST-PRODUCTION | $157K | $24K | $181K |
| Michael Hillman | VP, PRODUCTION | $148K | $26K | $174K |
| Stephanie Bishop | VP, MILKEN EDUCATOR AWARDS | $138K | $31K | $169K |
| Paul Bliese | VP, PHOTOGRAPHY | $131K | $23K | $154K |
| Jana Rausch | VP, COMMUNICATIONS | $130K | $27K | $156K |
| Joni Milken-Noah | VP, MIKE'S MATH CLUB | $102K | $22K | $124K |
| Lowell Milken | CHAIRMAN & DIRECTOR | $0 | $0 | N/A |
| Michael Milken | PRESIDENT & DIRECTOR | $0 | $0 | N/A |
| Lynda Resnick | DIRECTOR | $0 | $0 | N/A |
| Ralph Finerman | SR. VP & DIRECTOR | $0 | $0 | N/A |
| Thomas Boysen | DIRECTOR | $0 | $0 | N/A |
Total Giving
$9.8M
Total Assets
$92M
Fair Market Value
N/A
Net Worth
$92M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
$4M
Distribution Amount
$5.7M
Total Grants
25
Total Giving
$2M
Average Grant
$80K
Median Grant
$11K
Unique Recipients
16
Most Common Grant
$50K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Ne'Eman FoundationEDUCATIONAL PROGRAMS | Hoboken, NJ | $50K | 2022 |
| BjePRESCHOOL - 12TH GRADE PROGRAMS | Los Angeles, CA | $388K | 2023 |
| Ariel University FoundationHIGHER ED & RESEARCH INST. & PROGS | Hoboken, NJ | $50K | 2023 |
| Exceptional Childrens FoundationCOMMUNITY CENTERS & PROGRAMS | Culver City, CA | $11K | 2023 |
| The Help Group Child And Family CenterCOMMUNITY CENTERS & PROGRAMS | Sherman Oaks, CA | $10K | 2023 |
| Sinai TempleCOMMUNITY CENTERS & PROGRAMS | Los Angeles, CA | $10K | 2023 |
| Active Minds IncCOMMUNITY CENTERS & PROGRAMS | Washington, DC | $7K | 2023 |
| Milken Community SchoolsEDUCATIONAL PROGRAMS | Los Angeles, CA | $400K | 2022 |
| All-Star OrchestraCOMMUNITY CENTERS & PROGRAMS | Larchmont, NY | $2K | 2022 |
| Hias IncHUMAN SERVICE PROGRAMS | Washington, DC | $1K | 2022 |
| National Yiddish Theatre FolksbieneCULTURAL PROGRAMS | New York, NY | $1K | 2022 |
| Milken InstituteEDUCATIONAL PROGRAMS | Santa Monica, CA | $50K | 2021 |
| American Friends Of Ariel UniversityEDUCATIONAL PROGRAMS | Newton, MA | $50K | 2021 |
| The Jewish Federation Of Greater Los AngelesCOMMUNITY CENTERS & PROGRAMS | Los Angeles, CA | $25K | 2021 |
| Los Angeles Youth OrchestraCULTURAL PROGRAMS | Encino, CA | $3K | 2021 |
| Jewish Graduate Student InitiativeEDUCATIONAL PROGRAMS | Los Angeles, CA | $1K | 2021 |
MENLO PARK, CA
LOS ANGELES, CA
PALO ALTO, CA