Nonprofit · EIN 95-4240775
THE MILKEN INSTITUTE
Tax-exempt · SANTA MONICA, CA 90401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $388,976,676 | $151,365,680 | $237,610,996 | $1,525,254,492 | $176,658,462 | $1,348,596,030 |
| December 31, 2023 | 990 | $264,659,454 | $150,849,724 | $113,809,730 | $1,237,778,532 | $117,493,359 | $1,120,285,173 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $356,175,297
- Program service revenue
- $3,191,045
- Investment income
- $28,398,666
- Net rental income
- $1,211,668
- Net gain from sales of assets
- -$759,764
- Other revenue
- $1,211,668
Expenses
- Grants and similar amounts paid
- $52,388,884
- Compensation of officers, directors and key employees
- $1,866,925
- Other salaries and wages
- $35,512,659
- Salaries, compensation and benefits (total)
- $47,220,211
- Professional fundraising fees
- $450,000
- Legal fees
- $361,524
- Accounting fees
- $135,793
- Occupancy
- $1,016,153
- Travel
- $5,963,239
- Depreciation
- $3,487,121
- Program services (functional)
- $137,506,208
- Management and general (functional)
- $8,523,050
- Fundraising (functional)
- $5,336,422
Balance sheet and other
- Total assets, start of year
- $1,237,778,532
- Total assets, end of year
- $1,525,254,492
- Total liabilities, end of year
- $176,658,462
- Net assets, end of year
- $1,348,596,030
- Land, buildings and equipment
- $633,478,653
- Publicly traded securities
- $42,378,124
- Net assets without donor restrictions
- $1,348,596,030
- Gross receipts
- $391,328,333
- Employees
- 357
- Volunteers
- 0
- Year formed
- 1989
- State of legal domicile
- CA
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICHARD DITIZIO | CHIEF EXECUTIVE OFFICER & PRESIDENT Trustee or director, Officer | 40 | $1,044,552 | $78,484 |
| JOHN HUNTER | COO & CFO Officer | 40 | $528,790 | $97,904 |
| ESTHER KROFAH | EXECUTIVE VICE PRESIDENT Highest-paid employee | 40 | $514,764 | $41,931 |
| MELISSA STEVENS | EXECUTIVE VICE PRESIDENT Highest-paid employee | 40 | $514,889 | $35,425 |
| SARAH SANDLER | EXEC DIR-BUSINESS & PROG DEVELOPMENT Highest-paid employee | 40 | $505,063 | $45,092 |
| RACHEL GOSLINS | EXEC DIRECTOR - MCAAD Highest-paid employee | 40 | $489,347 | $52,592 |
| MARTHA MAZZONE | GENERAL COUNSEL Highest-paid employee | 40 | $466,743 | $52,592 |
| MICHAEL L KLOWDEN | EXECUTIVE VICE CHAIRMAN Trustee or director, Officer | 40 | $39,211 | $77,984 |
| MICHAEL MILKEN | CHAIRMAN Trustee or director, Officer | 15 | $0 | $0 |
| RALPH FINERMAN | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| RICHARD SANDLER | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| DR YVONNE CHAN | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| MARIANO GUZMAN | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| DR FREDA LEWIS-HALL | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| GREGORY MILKEN | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LANCE MILKEN | DIRECTOR Trustee or director | 0.3 | $0 |
| LORI MILKEN | DIRECTOR Trustee or director | 0.3 | $0 |
| KNEELAND YOUNGBLOOD | DIRECTOR Trustee or director | 0.3 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICHARD DITIZIO | CHIEF EXECUTIVE OFFICER & PRESIDENT Trustee or director, Officer | 40 | $944,689 | $71,006 |
| JOHN HUNTER | COO & CFO Officer | 40 | $490,307 | $86,667 |
| RACHEL GOSLINS | EXEC DIRECTOR - MCAAD Highest-paid employee | 40 | $498,998 | $43,561 |
| ESTHER KROFAH | EXECUTIVE VICE PRESIDENT Highest-paid employee | 40 | $492,503 | $38,208 |
| MARTHA MAZZONE | GENERAL COUNSEL Highest-paid employee | 40 | $477,194 | $50,561 |
| SARAH SANDLER | EXEC DIR-BUSINESS & PROG DEVELOPMENT Highest-paid employee | 40 | $470,464 | $43,061 |
| MELISSA STEVENS | EXECUTIVE VICE PRESIDENT Highest-paid employee | 40 | $491,994 | $10,797 |
| MICHAEL L KLOWDEN | EXECUTIVE VICE CHAIRMAN Trustee or director, Officer | 40 | $421,461 | $70,898 |
| MICHAEL MILKEN | CHAIRMAN Trustee or director, Officer | 15 | $0 | $0 |
| RALPH FINERMAN | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| RICHARD SANDLER | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| DR YVONNE CHAN | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| MARIANO GUZMAN | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| DR FREDA LEWIS-HALL | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| GREGORY MILKEN | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| LANCE MILKEN | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| LORI MILKEN | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| KNEELAND YOUNGBLOOD | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1250 4TH ST 2ND FL, SANTA MONICA, CA 90401-1418
- Principal officer (990 for 2024)
- RICHARD DITIZIO, 1250 FOURTH STREET 2ND FLOOR, SANTA MONICA, CA 90401
- Signed the 990
- RICHARD DITIZIO, CEO
- Phone
- (310) 570-4600
- Website
- WWW.MILKENINSTITUTE.ORG
- Return prepared by
- GREEN HASSON & JANKS LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 95-4240775 or by the name THE MILKEN INSTITUTE.
- 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)
Mission
THE MILKEN INSTITUTE IS A NON-PROFIT, NONPARTISAN THINK TANK DETERMINED TO INCREASE GLOBAL PROSPERITY BY ADVANCING COLLABORATIVE SOLUTIONS THAT WIDEN ACCESS TO CAPITAL, CREATE JOBS, AND IMPROVE HEALTH. WE DO THIS THROUGH INDEPENDENT, DATA-DRIVE RESEARCH, ACTION-ORIENTED MEETINGS AND MEANINGFUL POLICY INITIATIVES.
Program accomplishments
- THE MILKEN INSTITUTE PURSUES ITS MISSION THROUGH A RANGE OF PROGRAMMATIC ACTIVITIES IN OUR CENTERS.MI HEALTH-FASTERCURES WORKS TO IMPROVE THE MEDICAL RESEARCH SYSTEM-- TO CLEAR ROADBLOCKS THAT PREVENT MEDICAL BREAKTHROUGHS FROM REACHING PATIENTS SOONER. ITS MISSION IS TO ACCELERATE THE PROGRESS OF DISCOVERY AND DEVELOPMENT OF MEDICAL SOLUTIONS THROUGH PROGRAMS THAT EDUCATE STAKEHOLDERS, AMPLIFY BEST PRACTICES, AND CREATE OPPORTUNITIES FOR LEADERS ACROSS SECTORS TO COME TOGETHER AND EFFECT CHANGE.THE MI FINANCE PROMOTES FINANCIAL MARKET UNDERSTANDING AND WORKS TO EXPAND ACCESS TO CAPITAL, STRENGTHEN - AND DEEPEN - FINANCIAL MARKETS, AND DEVELOP INNOVATIVE FINANCIAL SOLUTIONS TO THE MOST PRESSING GLOBAL CHALLENGES.THE MILKEN INSTITUTE ASIA CENTER, BASED IN SINGAPORE, ANALYZES THE DEMOGRAPHIC TRENDS, TRADE RELATIONSHIPS AND CAPITAL FLOWS THAT WILL DEFINE THE FUTURE. IT PROVIDES RESEARCH AND THOUGHT LEADERSHIP THAT CAN ASSIST GOVERNMENTS, INVESTORS AND INDUSTRY AS THE ASIAN CAPITAL MARKETS AND INDUSTRIES RAPIDLY EXPAND.MI HEALTH-PUBLIC HEALTH USES APPLIED RESEARCH, ECONOMICS, POLICY AND COMMUNICATIONS TO SOLVE PUBLIC HEALTH CHALLENGES. CPH REACHES OUT, CONVENES AND COLLABORATES WITH LIKE-MINDED INSTITUTIONS AND THOUGHT LEADERS IN BUSINESS, GOVERNMENT, PHILANTHROPY, EDUCATION AND THE MEDIA TO SHAPE SYSTEM-LEVEL SOLUTIONS TO THE WORLD'S MOST URGENT HEALTH CHALLENGES.THE MISSION OF MI HEALTH-FUTURE OF AGING IS TO IMPROVE LIVES AND STREGTHEN SOCIETIES BY PROMOTING HEALTHY, PRODUCTIVE AND PURPOSEFUL AGING.THE MI PHILANTHROPY WORKS TO MAXIMIZE RETURN ON PHILANTHROPIC INVESTMENT BY ENSURING THAT INNOVATION USED TO ADDRESS ONE SOCIAL ISSUE IS TRANSLATED TO ANOTHER, BEST PRACTICES AND METRICS GUIDE NEW AND EXISTING GIVING PROGRAMS, AND RESOURCES ARE INVESTED TO OPTIMIZE OUTCOMES.MILKEN SCHOLARS PROGRAM PROVIDES SCHOLARSHIP SUPPORT, EXTENSIVE TRAINING AND MENTORING TO COLLEGE STUDENTS WHO ARE GENERALLY OF MODEST TO MIDDLE INCOME AND ARE SELECTED AFTER A RIGOROUS PROCESS. THE PROGRAM WAS APPROVED AS A SCHOLARSHIP GRANTING PROGRAM BY THE INTERNAL REVENUE SERVICE WHILE IT WAS OPERATED BY MILKEN FAMILY FOUNDATION.BD2 WAS FOUNDED TO PROVIDE FUNDING TO SUPPORT ACADEMIC AND MEDICAL RESEARCHERS TO FURTHER LEARNING RELATED TO BIPOLAR DISORDER.Expenses $117,305,825 · grants $52,388,884
- 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.Expenses $17,669,742 · revenue $3,191,045
- 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.Expenses $2,530,641
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 95-4240775
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1991
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,525,254,492
- Income (IRS master file)
- $391,328,333
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $388,976,676 | $151,365,680 | $1,525,254,492 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $264,659,454 | $150,849,724 | $1,237,778,532 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $273,734,030 | $93,099,476 | $1,093,462,243 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 95-4240775).
Questions about THE MILKEN INSTITUTE
- What is the EIN of THE MILKEN INSTITUTE?
- The employer identification number (EIN) of THE MILKEN INSTITUTE is 95-4240775.
- Is THE MILKEN INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to THE MILKEN INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE MILKEN INSTITUTE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE MILKEN INSTITUTE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE MILKEN INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE MILKEN INSTITUTE?
- The 990 for the year ended December 31, 2024 names RICHARD DITIZIO.
- Who are the officers and directors of THE MILKEN INSTITUTE?
- The 990 for the year ended December 31, 2024 lists 18 people; 8 received compensation from the organization, the highest $1,044,552 (RICHARD DITIZIO, CHIEF EXECUTIVE OFFICER & PRESIDENT).
- How much revenue does THE MILKEN INSTITUTE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $388,976,676, expenses of $151,365,680 and total assets of $1,525,254,492 at year end.
Other nonprofits in SANTA MONICA
- RAND CORPORATION EIN 95-1958142 · last filed 990 for 2025
- NATIONAL ACADEMY OF RECORDING ARTS & SCIENCES INC EIN 95-6052058 · last filed 990 for 2025
- CROSSROADS SCHOOL FOR ARTS AND SCIENCES EIN 23-7120625 · last filed 990 for 2025
- STEP UP ON SECOND STREET INC EIN 95-4109386 · last filed 990 for 2025
- CARL AND ROBERTA DEUTSCH FOUNDATION EIN 95-4610378 · last filed 990-PF for 2024
- MICHAEL AND LORI MILKEN FAMILY FOUNDATION EIN 82-1927087 · last filed 990-PF for 2024
- PROSTATE CANCER FOUNDATION EIN 95-4418411 · last filed 990 for 2024
- SAINT JOHNS HEALTH CENTER FOUNDATION EIN 95-6100079 · last filed 990 for 2024