2025-10-03T08:51:38-05:00 2024-12-31 332339466 Lasky & Company CPA's LLP 450 Wireless Boulevard Hauppauge NY 11788 990 2024-01-01 454600661 MILSTEIN MEDICAL ASIAN-AMERICAN PARTNERSHIP FOUNDATION INC MILS 2128504505 6 East 43rd Street NEW YORK NY 10017 ERIC KAPLAN SECRETARY 2128504505 2025-10-03 1 0 Joshua Lasky P02064034 6317562100 2025-10-03 2024 2025-03-06 01:10:19Z HOWARD P MILSTEIN 6 EAST 43RD STREET- 3RD FLOOR NY NY 10017 770174 0 X N/A X 2012 DE The mission of the Milstein Medical Asian American Partnership Foundation (MMAAP Foundation) is to improve world health by developing mutually beneficial partnerships between the United States and China, as well as greater Asia. Working with some of the premier health organizations in the world, the MMAAP Foundation will bring together and fund exchanges among the best research, medical talent, and institutions in the regions. This strategy is a high priority for its founders, Howard P. Milstein and the Paul and Irma Milstein Foundation.The MMAAP Foundation is designed to become a highly respected international foundation demonstrating expertise in producing medical and scientific progress with integrity and efficiency. 5 4 3 0 24 0 871316 770150 0 0 93 24 0 0 871409 770174 160000 60000 0 0 656214 664373 0 0 0 74176 73972 890390 798345 -18981 -28171 50037 63142 83059 115607 -33022 -52465 X The mission of the Milstein Medical Asian American Partnership Foundation (MMAAP Foundation) is to improve world health by developing mutually beneficial partnerships between the United States and China, as well as greater Asia. Working with some of the premier health organizations in the world, the MMAAP Foundation will bring together and fund exchanges among the best research, medical talent, and institutions in the regions. This strategy is a high priority for its founders, Howard P. Milstein and the Paul and Irma Milstein Foundation.The MMAAP Foundation is designed to become a highly respected international foundation demonstrating expertise in producing medical and scientific progress with integrity and efficiency. 0 0 576972 60000 2024 Irma and Paul Milstein Program for Senior Health Awards: Research Project Award:Project Title: A Study of Alzheimer's Disease Prediction Model Based on Dynamic ExosomeProtein Markers Chinese Institution: Zhejiang University School of MedicineU.S. Institution: Johns Hopkins University 576972 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 3 1 0 1 CH 0 0 0 0 0 0 0 0 0 0 X 5 4 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X KEVIN BUCKLEY CPA TREASURER 2127080870 335 MADISON AVE 14TH FLOOR NEW YORK NY 10017 Howard P Milstein Chair * 0.00 X X 0 0 0 Abby S Milstein Director * 0.00 X X 0 0 0 Sean X Leng MD PhD President * 8.00 X X 255000 0 0 Gerald Lazarus MD Founding President * 0.00 X X 0 0 0 Michael W Hodin PhD Director * 0.00 X X 0 0 0 Eric Kaplan Esq Board Secretary * 0.00 X 0 0 0 Kevin Buckley Treasurer * 0.00 X 0 0 0 Kathleen Reichert Senior Vice President 20.00 X 270000 0 0 Charles Wang Advisory Committee * 1.00 X 0 0 0 Pablo Rubinstein MD Advisory Committee * 1.00 X 60000 0 0 Average hours worked per week for all officers and directors 1.00 X 0 0 0 Except as noted are As Required 1.00 X 0 0 0 585000 0 0 2 0 1 0 0 770150 7150 770150 24 24 770174 0 24 0 10000 10000 50000 50000 625421 451753 173668 18615 16754 1861 20337 18303 2034 7145 7145 18471 18471 326 326 2046 2046 36014 29539 6475 8728 8728 MISCELLANEOUS 706 248 458 DELIVERY & POSTAGE 536 375 161 798345 576972 221373 0 32056 32058 17981 31084 0 0 50037 63142 53059 85607 30000 30000 83059 115607 X -33022 -52465 -33022 -52465 50037 63142 X -28171 8728 X X 0 1 X 1 0 X 873500 711668 765668 871316 770150 3992302 873500 711668 765668 871316 770150 3992302 3629250 363052 21 77 564 93 24 779 3993081 0.09090 0.12500 X Milstein Medical Asian American Partnership (MMAAP) Foundation satisfied the requirements of the "facts-and-circumstances" test for 2024 and maintained a continuous and bona fide program to solicit public contribution. Foundation leadership conducted regular activities/events to maintain and attract support from governmental or other publicly oriented organizations by proving that the: (1) MMAAP Foundation's scope of fundraising activities is growing and expanding. (2) MMAAP Foundation relies on limited sources or amount of support, while expanding our solicitation program and/or activities. (3) Facts and circumstances of the MMAAP Foundation's case can be analyzed in accordance with our nature and purpose. (4) MMAAP Foundation's public support is derived from a representative number of individuals, corporations, and foundations. (5) MMAAP Foundation's governing body represents the broad interests of the public rather than the private interests of a selected number of donors. (6) MMAAP Foundation provides funds for scientific discovery and research for the benefit of the general public on a continuing basis. (7) MMAAP Foundation's activities are appealing to persons having some broad common interest or purpose. MMAAP is registered with Network for Good, Charity Navigator, and Candid. In 2024, the Foundation earned Candid's Transparency Recognition and ranked in the top five percent of philanthropic organizations for financial accountability.To foster long term relationships with hundreds of constituents, MMAAP sustained a robust donor communications program. We celebrated the Lunar New Year by sending personalized greeting cards to all donors and friends of the foundation and launched our annual appeal campaign in the fall to solicit unrestricted gifts from past and prospective supporters. Throughout the year, we developed and distributed multimedia collateral to support our fundraising effort both in English and Chinese, including videos, brochures, folders, banners, and other exhibit materials, to highlight MMAAP's mission and project opportunities, and we sent holiday and year end mailings to reinforce our appreciation for ongoing support.Throughout the year, MMAAP leadership amplified the Foundation's profile by presenting at a series of major national and international conferences, both online and in person. MMAAP President Dr. Sean Leng delivered keynote presentations and participated in roundtable discussions at the following conferences: " The Academic Conference on Clinical and Scientific Research in Geriatric Medicine, Guangzhou Geriatric Hospital (in-person)" The Guangzhou Senior Nursing Home Academic Seminar (in-person)" The Nanchang University Medical Seminar (online)" The China Biopharmaceutical Lecture Series (hosted by BioTrialMed) (online)" The 4th Interdisciplinary Innovation Conference on Medical Meteorology and Environment (online)" The Shanghai Hospital Management Training Course (organized by Johns Hopkins International Medical Department) (in-person)" The Guangzhou Senior Nursing Home Academic Seminar (in-person)" The Zhongshan Geriatric Medicine Forum (in-person)" The Jinan University Scientific Research Lecture Series (in-person)" The 2024 China Geriatric Medicine & Senior Industry Conference (online)" The "Ruiheng Distinguished Scholars Hall," Tianjin University (in-person)These appearances not only raised awareness of MMAAP's mission but also generated invaluable connections with clinicians, key opinion leaders, and philanthropists in the geriatric fieldBeyond conference outreach, MMAAP engaged strategic partners and its Advisory Board to extend fundraising reach. Foundation representatives participated actively in American Skin Association board meetings and committees, presenting MMAAP's initiatives and soliciting grant-opportunity guidance from Dr. Emma Guttman and Dr. Mark Lebwohl. Dialogue with pharmaceutical industry leaders-including Pfizer, Sanofi, and Johnson & Johnson, etc., helped explore new avenues of support.We attended webinars hosted China Institute, Committee of 100 and similar organizations to fostered relationships with influential experts. We also tailored detailed briefing materials and strategic plan updates for Advisory Board members, including Mr. Steve Orlins of the National Committee on U.S. China Relations, Mr. Mike Hodin of the Global Coalition on Aging, Dr. Gerald Lazarus, and Dr. Pablo Rubinstein, to leverage their networks in support of MMAAP's goals. Targeted outreach to the J.T. Tai and Ping Y. Tai Foundations, accompanied by personalized pledge form mailings, yielded several promising prospects. MMAAP also invited Lester Ross of WilmerHale to join its Board of Directors, which led to multiple discussions about partnership opportunities. In parallel, tailored presentations were delivered to Victoria Hsu of the J.T. Tai Foundation and Michael J. Duffalo of the Ping Y. Tai Foundation, followed by outreach letters and pledge forms to maintain momentum.By the end of 2024, MMAAP's leadership had invested over 400 hours in strategic planning to expand the donor base, and the Foundation had initiated its fall annual appeal campaign, reaching out to both previous and prospective supporters for unrestricted contributions. Since its founding, the MMAAP Foundation has awarded nearly 70 Fellowship and Research Project Awards to support the work of exceptional Chinese scientists and investigators from prestigious Chinese institutions. This support has resulted in the publication of over 260 scientific papers in leading English and Chinese journals within their respective medical fields, all acknowledging the MMAAP Foundation's contributions. In conclusion, MMAAP consistently engages hundreds of potential supporters through a variety of communications, including holiday cards, and annual appeal mailings. Additionally, previously developed materials such as videos, brochures, folders, banners, and other collateral and exhibit materials in both English and Chinese have been distributed to specifically targeted potential donors, key personnel, and pharmaceutical companies. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 770174 0 770174 0 770174 789617 0 789617 8728 8728 798345 Part XII, Line 4b - Other Adjustments: AMORTIZATION OF START UP COSTS 1 East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 1 0 Program Services; 2024 Senior Health Award in Geriatric Medicine; Research Project Award Project Title:A Study of Alzheimer's Disease Prediction Model Based on Dynamic ExosomeProtein Markers 1 0 0 0 1 0 0 0 0 East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, Project Name:A Study of Alzheimer's Disease Prediction Model Based on Dynamic ExosomeProtein Markers 50000 Wire Transfer 0 Book 0 0 0 0 0 0 Part I, Line 2: Pre- Approval: The Board of directors will review the foreign charitable organization's exempt purpose to determine whether they are analogous to the foundation's own exempt purposes and are within the purposes described in Section 170(c)(2) of the Internal Revenue Code. The foreign charitable organization should provide an IRS determination letter recognizing it as an organization described in IRC Section 501(c)(3) that is not a private foundation, or, an affidavit of its equivalency to, or an opinion of counsel that it is equivalent to, a US public charity (IRC Section 501(c)(3)tax-exempt, Section 509(a)(1), 509(a)(2) or 509(a)(3) public charity). The Board of Directors will confirm that none of the foreign charitable organization, it's officers, directors, and trustees, and any organizations and individuals that control it are listed on the Treasury Department's Office of Foreign Assets Control (OFAC) list of Specifically Designated Nationals. Grant agreements: The Board of Directors shall satisfy its fiduciary duty to insure that funds under its control are used solely for charitable purposes by exercising and documenting sufficient discretion and control over the use of funds it grants to each foreign charitable organization. The Foundation requires written grant agreements with each foreign charitable organization. Each of the agreements includes the following requirements regarding monitoring the use of funds: Periodic reports from the foreign grantee with accountings or line item financial reports sufficiently detailed to enable the Foundation to account for the use of the funds. Requires the foreign grantee to maintain records of receipts and expenses and make its books and records available to the Foundation at reasonable times. Requires the foreign grantee to provide written narrative and financial reports until the grant funds have been expended. The reports should describe use of the funds,compliance with the terms of the grant agreement, and progress made in accomplishing the purposes of the grant. Requires the foreign grantee to repay any funds not used for the grant's purpose. Requires that the grant funds be used only for public charitable purposes and does not allow the use of the funds to influence the outcome of any specific public election or to undertake any activity for a non-charitable purpose. 1 Johns Hopkins University School of Medicine - 3400 N Charles Street Baltimore MD 21218 520595110 501(C)(3) 10000 0 Book Project Name:A Study of Alzheimer's Disease Prediction Model Based on Dynamic ExosomeProtein Markers Part I, Line 2: The Board of directors wil review the charitable organization's exempt purpose to determine whether they are analogous to the foundation's own exempt purposes and are within the purposes described in Section 170(c)(2) of the Internal Revenue Code. The charitable organization should provide an IRS determination letter recognizing it as an organization described in IRC Section 501(c)(3) that is not a private foundation or an affidavit of its equivalency. The grantee must provide annual written narrative and financial reports at the end of each of the grantee's accounting periods until the grant funds have been fully expended. Reports should describe use of the funds, compliance with the terms of the grant agreement, progress made in accomplishing the purpose of the grant. 1 X X X 0 0 0 0 0 0 0 0 0 Kathleen Reichert Senior Vice President 270000 0 0 0 0 0 0 0 0 0 270000 0 0 0 Sean X Leng MD PhD President * 210000 0 45000 0 0 0 0 0 0 0 255000 0 0 0 Part I, Line 1a The board has adopted a plan to utilize the following when establishing the compensation for the foundations's employees and various consultants: Compensation Committee Written Contract Formal approval of the board The foundation maintains a written policy for all travel & entertainment reimbursements requiring the filing of periodic expense reports including documentation. Form 990, Part VI, Section A, line 2 The family and business relationships among the officers and directors is as follows: Two of the directors, Howard P Milstein and Abby S Milstein are married to each other. Eric Kaplan, an officer of the foundation, is an employee of Bristol Consultants, LLC, which provides consulting services to Howard P Milstein and Milstein Family affiliates. Kevin Buckley, an officer of the foundation, is an employee of Milstein Consultants, Ltd. which is wholly owned by the Milstein family. One of the directors, Michael W Hodin, is on the board of Emigrant Bank, which is wholly owned by Howard P Milstein and members of his family. Form 990, Part VI, Section A, line 6 The initial member of the Foundation is Howard P Milstein. Additional members may be elected by the existing members from time to time at any annual meeting of members or at any special meeting of members called for election of members. Form 990, Part VI, Section A, line 7a Additional members may be elected by the existing members from time to time at any annual meeting of members or at any special meeting of members called for election of members. Form 990, Part VI, Section B, line 11b Prior the filing the form 990 with the IRS, the form 990 is provided to the board of directors. The Foundation's Secretary and Treasurer conduct a detailed review of the form 990 with board members. A copy of the 990 is provided to the board members prior to filing. Form 990, Part VI, Section B, line 12c The foundation maintains a written conflict of interest (COI) policy which is reviewed by management and the board of directors at least annually and modified as required. The board of directors, trustees, officers, key employees, and all other employees of the foundation are required to certify annually any known conflict. The responses to the questionaires are reviewed by management. Management also monitors all transactions during the normal course of business to identify potential conflicts. Individuals who believe they are in a potential conflict are required to recuse themselves from the deliberation and decision making process.All board members have to review and sign off on our Policies and Procedures Form 990, Part VI, Section B, line 15 The foundation has adopted a plan to approve compensation arrangements based on information about compensation paid by similarly situated organizations (taxable or tax-exempt) for similar services, current compensation surveys compiled by independent firms and actual written offers from similarly situated organizations.All board members have to review and sign off on our Policies and Procedures Form 990, Part VI, Section C, line 19 Governing documents are available upon request. Form 990, Part XI, line 9: GAAP ADJUSTMENTS IN ACCORDANCE WITH ASC 720-15 8,728. OVERSIGHT PROCESS OR SELECTION PROCESS THE ORGANIZATION HAS NOT CHANGED IT'S OVERSIGHT PROCESS OR SELECTION PROCESS