Milbank Memorial Fund
The Milbank Memorial Fund is a private foundation based in New York, New York. Founded in 1905, it works to improve population health and health equity by connecting health policy leaders with experience and evidence.
Milbank Memorial Fund at a glance
In short: Milbank Memorial Fund gave $79K across 19 grants in 2024 (avg $4K), top state New York. 56% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $78,750
- -73.8% vs 2023
- Grants made (2024)
- 19
- +5.6% vs 2023
- Average grant
- $4,145
- -75.2% vs 2023
- Median grant
- $3,000
- Total assets
- $96,276,713
- +6.1% vs 2023
- New grantees (estimate)
- 56% first-time grantees (9 of 16, 2024; small sample)
- Primary geography
- New York (43% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Milbank Memorial Fund
- Accepts unsolicited proposals
- No
- How to Apply
-
The Fund makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 645 Madison Avenue 15Th Floor, New York, NY 10022
Phone: (212) 355-8400
Website: https://milbank.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Milbank Memorial Fund funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was National Academy of Sciences ($20K). Together the top 10 received $73K.
Grant Size Distribution
109 grants across all recorded years
The most common grant size was under $50K: 103 grants of 109 (94%).
Geographic Focus
Where this funder awards grants
The Fund’s work includes state and local health policy leadership and cross-state networks. Its 2024 grants went to organizations in multiple states and the District of Columbia; the largest shares of grant dollars went to recipients in New York (43%), Washington, DC (25%), and Connecticut (13%).
Grant Distribution by State
Share of 2024 grant dollars across all 19 itemized grants.
States
Cities
Is Milbank Memorial Fund open to new grantees?
56%
first-time grantees, 2024
In 2024, 9 of 16 grantees (56%) were first-time recipients. With only 16 grantees, that is a small sample: one grantee more or less moves the share by about 6 points. First grants averaged $3K; repeat grants $7K. How we count
Medians: $3K first-time, $3K repeat.
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $79K (2024) to $2.3M (2022). In 2024 it made 19 grants totaling $79K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| National Academy of Sciences Washington, DC | In support of a standing committee on primary care | $20,000 |
| International Rescue Committee New York, NY | General Support | $10,000 |
| Bloomingdale School of Music New York, NY | General Support | $5,000 |
| Bloomingdale School of Music New York, NY | General Support | $5,000 |
| Siloam Health Nashville, TN | General Support | $5,000 |
| United Hospital Fund New York, NY | General Support | $5,000 |
| Yale School of Public Health New Haven, CT | General Support | $5,000 |
| Yale School of Public Health New Haven, CT | General Support | $5,000 |
| Historic Saranac Lake Saranac Lake, NY | General Support | $4,000 |
| Salem Missionary Baptist Church Brooklyn, NY | General Support | $3,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income |
|---|---|---|---|---|---|---|---|
| 2024 | $96,276,713 | $11,464,319 | $6,291,467 | $78,750 | 19 | $5,547,592 | $10,468,820 |
| 2023 | $90,722,486 | $19,341,210 | $6,229,935 | $300,295 | 18 | $5,516,078 | $15,782,295 |
| 2022 | $84,386,413 | $6,091,342 | $8,448,526 | $2,291,496 | 23 | $7,494,147 | $5,025,412 |
| 2021 | $102,468,530 | $6,201,636 | $5,459,502 | $168,350 | 16 | $4,775,017 | $4,439,407 |
| 2020 | $95,300,276 | $3,290,617 | $4,358,600 | $188,815 | 33 | — | $1,923,177 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The Fund’s mission is to improve population health and health equity by collaborating with leaders and decision makers and connecting them with experience and sound evidence. Its work includes helping state and local policymakers build leadership skills, convening decision makers, and publishing evidence-based reports and The Milbank Quarterly, a peer-reviewed journal of population health and health policy.
The Fund’s stated focus areas include developing state health policy leadership, advancing policies that strengthen primary care, and supporting state efforts to contain health care cost growth. Its 2024 activities also included work on services for aging populations and behavioral health.
The 2024 grants show support for a range of organizations, including scientific, health, humanitarian, educational, cultural, and community organizations. For example, the National Academy of Sciences describes its work as advancing science for the general welfare; the International Rescue Committee says it responds to humanitarian crises; and Siloam Health describes its mission as providing affordable whole-person care to uninsured and underserved people. These are the grantees’ stated missions, not the Fund’s.
Grantmaking
In 2024, the Fund reported 19 grants totaling $78,750. Grant amounts ranged from $250 to $20,000, with a median of $3,000. In 2023, it reported 18 grants totaling $300,295. Its 2024 filing, the latest on this page, reports 19 grants totaling $78,750.
Among its 2024 grants, the Fund awarded $20,000 to the National Academy of Sciences in support of a standing committee on primary care and $10,000 to the International Rescue Committee for general support. It made two $5,000 grants to Bloomingdale School of Music, as well as $5,000 grants to Siloam Health, United Hospital Fund, and Yale School of Public Health. Other listed grants included $4,000 to Historic Saranac Lake and $3,000 to Salem Missionary Baptist Church.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing listed Christopher F. Koller as director and president; John M. Colmers as director and chair; Tara Strome as secretary and COO; and Robert E. Harvey as director and treasurer. Other directors listed were Paul D. Cleary, Linda V. DeCherrie, Peter Donnelly, Sherry Glied, Kelly Major Green, and Joneigh Khaldun. The filing noted that Cleary served through December 2024.
Milbank Memorial Fund is led by Christopher F. Koller, Director & President on every filing since 2020; 2 of 15 officers listed in 2024 are compensated.
Officers on the 2024 filing
Christopher F. Koller
Director & President
On filings since 2020
40 hrs/week
$374K (2020) → $430K (2024)
John M. Colmers
Director & Chair
Director → Director & Chair, 2022
On filings since 2020
4 hrs/week
No compensation reported
Linda V. Decherrie
Director
On filings since 2020
2 hrs/week
No compensation reported
Margaret E. O'Kane
Director
On filings since 2020
2 hrs/week
No compensation reported
Paul D. Cleary
Director
On filings since 2020
2 hrs/week
No compensation reported
Peter Donnelly
Director
On filings since 2020
2 hrs/week
No compensation reported
Robert E. Harvey
Director & Treasurer
Director → Director & Treasurer, 2022
On filings since 2020
4 hrs/week
No compensation reported
Sherry Glied
Director
On filings since 2020
2 hrs/week
No compensation reported
Anya Rader Wallack
Director
On filings since 2022
2 hrs/week
No compensation reported
Joneigh Khaldun
Director
On filings since 2022
2 hrs/week
No compensation reported
Kelly Major Green
Director
On filings since 2022
2 hrs/week
No compensation reported
Lashawn Richburg - Hayes
Director & Vice Chair
On filings since 2022
4 hrs/week
No compensation reported
Anthony Shih
Director
On filings since 2023
2 hrs/week
No compensation reported
Patricia Arzuaga
Director
On filings since 2023
2 hrs/week
No compensation reported
Tara Strome
Secretary & COO
On filings since 2021
40 hrs/week
$195K (2021) → $229K (2024)
Former officers (13)
- Former: Clarion E. Johnson (2020–2023) — Director
- Former: Danielle G. Dooley (2020–2023) — Director
- Former: Peter M. Gottsegen (2020–2022) — Director
- Former: Robert F. Hoerle (2020–2022) — Director
- Former: Ronald J. Clark (2020–2022) — Director
- Former: Samuel L. Milbank (2020–2022) — Director
- Former: Daniel J. McSwiggan (2022) — Director
- Former: Denise A. Gray-Felder (2020–2021) — Director
- Former: Kathleen S. Andersen (2020–2021) — Secretary & Vice President -
- Former: Lashawn Richburg-Hayes (2020–2021) — Director
- Former: Daniel J. Mc Swiggan (2021) — Director
- Former: Arthur Y. Webb (2020) — Director
- Former: Carolyn C. Clark (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $430K, to Christopher F Koller (Director and President). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Milbank Memorial Fund
How much does Milbank Memorial Fund give each year?
Milbank Memorial Fund gave $79K across 19 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $300K across 18 grants.
What is Milbank Memorial Fund's typical grant size?
Milbank Memorial Fund's median grant in 2024 was $3,000, and its average grant was $4,145, across 19 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Milbank Memorial Fund that year got $3K on average.
Where does Milbank Memorial Fund give grants?
Milbank Memorial Fund's top state is New York, with 43% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were District of Columbia (25%) and Connecticut (13%). The most frequent recipient cities were New York, NY (5 grants), Chicago, IL (3 grants) and New Haven, CT (2 grants).
Does Milbank Memorial Fund give general operating support?
Yes: 95% of Milbank Memorial Fund's 2024 grants with a stated purpose (18 of 19) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Milbank Memorial Fund's largest grantees?
Milbank Memorial Fund's largest 2024 grantees include National Academy of Sciences ($20,000), Bloomingdale School of Music ($10,000 across 2 grants) and International Rescue Committee ($10,000), according to its 2024 IRS Form 990-PF. Together they received 51% of its itemized 2024 grant dollars.
How large is Milbank Memorial Fund?
Milbank Memorial Fund reported $96.3M in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $11.5M.
What does Milbank Memorial Fund fund?
The Fund’s mission is to improve population health and health equity by collaborating with leaders and decision makers and connecting them with experience and sound evidence. See mission & focus areas ↑
How do I apply for a grant from Milbank Memorial Fund?
The Fund makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Milbank Memorial Fund's EIN?
Milbank Memorial Fund's EIN (Employer Identification Number) is 13-5562282. IRS Form 990 filing data is available on this page for 2020–2024.
Does Milbank Memorial Fund accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Milbank Memorial Fund funder profile. GrantGraph. Retrieved October 20, 2026, from https://grantable.co/funders/milbank-memorial-fund-morg_889ae021b98845bb85810422fd39bb3b
BibTeX
@misc{grantable_135562282_2026,
author = {{Grantable}},
title = {{Milbank Memorial Fund funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/milbank-memorial-fund-morg_889ae021b98845bb85810422fd39bb3b},
note = {Accessed 2026-10-20. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Milbank Memorial Fund's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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