The Milken Institute
501(c)(3) Donations tax-deductible
91% goes to programs $1 to raise $100 Strong reserves Growing revenue
The Milken Institute is a 501(c)(3) organization based in Santa Monica, California, registered in 1991, with $388,976,676 in FY2024 revenue. CharityIndex grades it A, and it directs about 91% of spending to programs.
1250 4th St 2nd Fl, Santa Monica, CA, 90401 EIN 95-4240775 Since 1991
Revenue (FY2024)
$389.0M
▲ 47.0% vs prior year
Expenses (FY2024)
$151.4M
Net assets
$1.3B
Employees
357
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating91% to programs · $1 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For The Milken Institute: 91% to programs · $1 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating107 mo reserves · +61% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For The Milken Institute: 107 mo reserves · +61% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For The Milken Institute: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For The Milken Institute: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To advance solutions that widen access to capital, create jobs and improve health.
What they do
The milken institute actively engages and educates leaders in business, seminars and conferences related to its charitable purpose. these include: global conference, future of health summit, asia summit, middle east and africa summit. 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.
Contact & location
- Address
- 1250 4th St 2nd Fl, Santa Monica, CA, 90401
- City
- Santa Monica
- State
- California
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $81.5M (FY2013) to $389.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $176.7MNet assets $1.3B
Operating margin
61.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.5B
Total liabilities
$176.7M
Net assets
$1.3B
Salaries & benefits
$47.2M
31% of expenses
Board members
12
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $388,976,676▲47.0% | $151,365,680▲0.3% | $1,348,596,030▲20.4% | $1,525,254,492▲23.2% | 990 |
| 2023 | $264,659,454▼3.3% | $150,849,724▲62.0% | $1,120,285,173▲10.2% | $1,237,778,532▲13.2% | 990 |
| 2022 | $273,734,030▼13.7% | $93,099,476▲44.2% | $1,016,351,259▲19.4% | $1,093,462,243▲22.7% | 990 |
| 2021 | $317,370,742▲130% | $64,582,177▲19.3% | $851,085,571▲47.4% | $890,913,032▲46.9% | 990 |
| 2020 | $137,924,964▲3.2% | $54,155,182▼8.4% | $577,478,353▲22.7% | $606,413,267▲22.4% | 990 |
| 2019 | $133,637,630▲123% | $59,116,470▲7.8% | $470,799,309▲23.9% | $495,596,548▲22.1% | 990 |
| 2018 | $59,958,585▼24.9% | $54,836,160▲20.2% | $380,013,900▲1.9% | $405,947,692▲0.1% | 990 |
| 2017 | $79,813,014▲67.5% | $45,611,741▲7.2% | $372,843,951▲15.4% | $405,625,413▲12.9% | 990 |
| 2016 | $47,638,129▼80.1% | $42,559,621▲16.9% | $323,166,876▲2.3% | $359,301,319▲0.3% | 990 |
| 2015 | $239,853,798▲288% | $36,405,927▲6.1% | $316,043,571▲186% | $358,155,709▲136% | 990 |
| 2014 | $61,873,440▼24.1% | $34,314,521▼46.6% | $110,467,506▲29.6% | $151,502,169▲22.0% | 990 |
| 2013 | $81,502,191 | $64,251,632▲110% | $85,218,616▲25.9% | $124,163,183▲71.6% | 990 |
| 2012 | — | $30,564,699▲44.9% | $67,684,520▲26.3% | $72,340,811▲29.6% | 990 |
| 2011 | — | $21,090,462▲21.8% | $53,585,390▲19.0% | $55,809,593▲15.8% | 990 |
| 2010 | — | $17,312,197 | $45,020,533 | $48,210,278 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Richard Ditizio — $1,044,552 (0.69% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Richard Ditizio | Chief Executive Officer & President | 40 | $1,044,552 |
| John Hunter | Coo & Cfo | 40 | $528,790 |
| Melissa Stevens | Executive Vice President | 40 | $514,889 |
| Esther Krofah | Executive Vice President | 40 | $514,764 |
| Sarah Sandler | Exec Dir-business & Prog Development | 40 | $505,063 |
| Rachel Goslins | Exec Director - Mcaad | 40 | $489,347 |
| Martha Mazzone | General Counsel | 40 | $466,743 |
| Michael L Klowden | Executive Vice Chairman | 40 | $39,211 |
| Dr Freda Lewis-hall | Director | 0.3 | — |
| Dr Yvonne Chan | Director | 0.3 | — |
| Gregory Milken | Director | 0.3 | — |
| Kneeland Youngblood | Director | 0.3 | — |
| Lance Milken | Director | 0.3 | — |
| Lori Milken | Director | 0.3 | — |
| Mariano Guzman | Director | 0.3 | — |
| Michael Milken | Chairman | 15 | — |
| Ralph Finerman | Treasurer | 2 | — |
| Richard Sandler | Secretary | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| The John Akridge Company | Construction and Property Management | $61,075,636 |
| James G Davis Construction Corporation | Construction | $16,222,672 |
| Design and Production Incorporated | Art Exhibit Development | $13,199,082 |
| 4wall Entertainment Inc | Entertainment & Production | $10,245,847 |
| Rand Construction Corporation | Architecture and Construction | $8,115,984 |
Grants received · $95.5M total
144 grants to The Milken Institute totaling $95.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Stand Together Chamber of Commerce Inc | General operating support | 2024 | $5,000,000 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Medical / public services | 2024 | $3,352,500 |
| American Endowment Foundation | Medical research | 2024 | $530,000 |
| American Cancer Society Inc | Research | 2024 | $250,000 |
| Foundation For the Carolinas | Charitable gift | 2024 | $250,000 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $225,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $210,978 |
| American Cancer Society Inc | Research | 2024 | $125,000 |
| United States Energy Foundation | To support education and outreach to build an equitable clean energy future. | 2024 | $75,000 |
| National Investment Center For Seniors Housing & Care Inc | Research sponsorship | 2024 | $50,000 |
| Pharmaceutical Research and Manufacturers of America | General contribution | 2024 | $50,000 |
| Breakthrough Energy Foundation | Event sponsorship | 2024 | $50,000 |
| American Online Giving Foundation Inc | General support | 2024 | $25,286 |
| Alzheimers Drug Discovery Foundation | Alzheimers research | 2024 | $25,000 |
| AARP | Donation to support the alliance to improve dementia care | 2024 | $25,000 |
Grants made · $42.9M in FY2024
31 grants totaling $42.9M in FY2024 — showing the 15 largest. All grants made by The Milken Institute →
| Recipient | Purpose | Amount |
|---|---|---|
| The Feinstein Institute For Medical Research | Bipolar disorder research | $6,166,250 |
| Massachusetts Institute of Technology | Transformative computational biology | $4,962,414 |
| J David Gladstone Institutes | Transformative computational biology | $4,843,866 |
| Mass General Brigham Incorporated | Bipolar disorder research | $4,764,645 |
| Broad Institute Inc | Bipolar disorder research | $4,500,000 |
| Regents of the University of California At Berkeley | Bipolar disorder research | $4,499,845 |
| The Board of Trustees of the Leland Stanford Junior University | Transformative computational biology | $2,000,000 |
| President and Fellows of Harvard College | Transformative computational biology | $1,999,027 |
| Impact Charitable | Initiative for inclusive entrepreneurship (iie) | $1,689,862 |
| Impactassets Inc | Initiative for inclusive entrepreneurship (iie) | $1,370,000 |
| Depression and Bipolar Support Alliance | Bipolar disorder research | $893,000 |
| Emory University | Amyotrophic lateral sclerosis (als) research | $600,000 |
| Cedars-sinai Medical Center | Philanthropic pathways | $599,998 |
| Oregon Health & Science University | Amyotrophic lateral sclerosis (als) research | $599,998 |
| Great Rivers Community Tr | Initiative for inclusive entrepreneurship (iie) | $575,000 |
Frequently asked questions
- Is The Milken Institute a legitimate nonprofit?
- Yes. The Milken Institute is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 95-4240775, based in Santa Monica, California. Donations are tax-deductible.
- What is The Milken Institute's EIN?
- The Milken Institute's Employer Identification Number (EIN) is 95-4240775.
- How much revenue does The Milken Institute report?
- The Milken Institute reported $388,976,676 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of The Milken Institute's spending goes to programs?
- The Milken Institute spends about 91% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does The Milken Institute have?
- CharityIndex grades The Milken Institute A, based on program efficiency and fundraising cost.
- How much does The Milken Institute's highest-paid employee make?
- The highest reported compensation on The Milken Institute's latest Form 990 is $1,044,552, paid to Richard Ditizio (Chief Executive Officer & President).
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Data for The Milken Institute (EIN 95-4240775) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.