Nonprofit · EIN 82-1927087
MICHAEL AND LORI MILKEN FAMILY FOUNDATION
Tax-exempt · SANTA MONICA, CA 90401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| November 30, 2024 | 990-PF | $60,504,306 | $27,830,407 | $32,673,899 | $401,741,080 | $182,450 | $401,558,630 |
| November 30, 2023 | 990-PF | $27,471,325 | $24,477,826 | $2,993,499 | $369,013,261 | $128,576 | $368,884,685 |
Financial details: 990-PF for the year ended November 30, 2024
Revenue
- Contributions, gifts and grants
- $28,000,000
- Dividends
- $76,368
- Interest
- $1,500,966
- Net gain from sales of assets
- $19,087,402
- Other income
- $11,839,570
Expenses
- Grants and similar amounts paid
- $26,074,166
- Compensation of officers, directors and key employees
- $150,000
- Disbursements for charitable purposes
- $26,598,909
- Excise tax on investment income
- $437,591
Balance sheet and other
- Total assets, start of year
- $369,013,261
- Total assets, end of year
- $401,741,080
- Total liabilities, end of year
- $182,450
- Net assets, end of year
- $401,558,630
- Fair market value of assets
- $513,091,736
- Qualifying distributions
- $26,598,909
- Net investment income
- $32,310,180
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended November 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD SANDLER 1250 FOURTH STREET 5TH FLOOR, SANTA MONICA, CA 90401 | CO-TRUSTEE | 10 | $150,000 |
| MICHAEL MILKEN 1250 FOURTH STREET 6TH FLOOR, SANTA MONICA, CA 90401 | TRUSTEE | 5 | $0 |
| LORI MILKEN 1250 FOURTH STREET 6TH FLOOR, SANTA MONICA, CA 90401 | TRUSTEE | 5 | $0 |
| GREGORY MILKEN 1250 FOURTH STREET 6TH FLOOR, SANTA MONICA, CA 90401 | CO-TRUSTEE | 5 | $0 |
| LANCE MILKEN 1250 FOURTH STREET 6TH FLOOR, SANTA MONICA, CA 90401 | CO-TRUSTEE | 5 | $0 |
| BARI MILKEN 1250 FOURTH STREET 6TH FLOOR, SANTA MONICA, CA 90401 | CO-TRUSTEE | 5 | $0 |
990-PF for the year ended November 30, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD SANDLER 1250 FOURTH STREET 5TH FLOOR, SANTA MONICA, CA 90401 | CO-TRUSTEE | 10 | $275,000 |
| MICHAEL MILKEN 1250 FOURTH STREET 6TH FLOOR, SANTA MONICA, CA 90401 | TRUSTEE | 5 | $0 |
| LORI MILKEN 1250 FOURTH STREET 6TH FLOOR, SANTA MONICA, CA 90401 | TRUSTEE | 5 | $0 |
| GREGORY MILKEN 1250 FOURTH STREET 6TH FLOOR, SANTA MONICA, CA 90401 | CO-TRUSTEE | 5 | $0 |
| LANCE MILKEN 1250 FOURTH STREET 6TH FLOOR, SANTA MONICA, CA 90401 | CO-TRUSTEE | 5 | $0 |
| BARI MILKEN 1250 FOURTH STREET 6TH FLOOR, SANTA MONICA, CA 90401 | CO-TRUSTEE | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 1250 4TH ST STE 520, SANTA MONICA, CA 90401-1418
- In care of
- % RICHARD V SANDLER
- Signed the 990-PF
- RICHARD SANDLER, CO-TRUSTEE
- Phone
- (310) 570-4800
- Return prepared by
- GREEN HASSON & JANKS LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 82-1927087 or by the name MICHAEL AND LORI MILKEN FAMILY FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in November, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2024 | November 30, 2025 | April 15, 2026 | Not on file |
| 2023 | November 30, 2024 | April 15, 2025 | 990-PF on file |
| 2022 | November 30, 2023 | April 15, 2024 | 990-PF on file |
IRS record
- EIN
- 82-1927087
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2018
- Accounting year ends
- November
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $401,741,080
- Income (IRS master file)
- $61,404,351
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | November 2024 | $60,504,306 | $27,830,407 | $401,741,080 | XML |
| 990-T | November 2024 | – | – | – | IRS |
| 990-PF | November 2023 | $27,471,325 | $24,477,826 | $369,013,261 | XML |
| 990-T | November 2023 | – | – | – | IRS |
| 990-PF | November 2022 | – | – | – | IRS |
| 990-T | November 2022 | – | – | – | IRS |
| 990-PF | November 2021 | – | – | – | IRS |
| 990-T | November 2021 | – | – | – | IRS |
| 990-PF | November 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-1927087).
Questions about MICHAEL AND LORI MILKEN FAMILY FOUNDATION
- What is the EIN of MICHAEL AND LORI MILKEN FAMILY FOUNDATION?
- The employer identification number (EIN) of MICHAEL AND LORI MILKEN FAMILY FOUNDATION is 82-1927087.
- Is MICHAEL AND LORI MILKEN FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to MICHAEL AND LORI MILKEN FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MICHAEL AND LORI MILKEN FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MICHAEL AND LORI MILKEN FAMILY FOUNDATION due?
- The return for tax year 2024 (the year ending November 30, 2025) is due April 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MICHAEL AND LORI MILKEN FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended November 2024.
- Who are the officers and directors of MICHAEL AND LORI MILKEN FAMILY FOUNDATION?
- The 990-PF for the year ended November 30, 2024 lists 6 people; 1 received compensation from the organization, the highest $150,000 (RICHARD SANDLER, CO-TRUSTEE).
- How much revenue does MICHAEL AND LORI MILKEN FAMILY FOUNDATION have?
- On its 990-PF for the year ended November 30, 2024 it reported revenue of $60,504,306, expenses of $27,830,407 and total assets of $401,741,080 at year end.
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All nonprofits in SANTA MONICA · California · Philanthropy, voluntarism and grantmaking foundations