Milbank Memorial Fund
The Milbank Memorial Fund is a private foundation based in New York City that works to improve population health and health equity. Founded in 1905, the organization collaborates with leaders and decision makers, connecting them with experience and sound evidence to advance health policy and practice.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$96.3M
+6.1% YoY
Annual Giving
$79K
-73.8% YoY
Grant Count
19
+5.6% YoY
Avg Grant Size
$4K
-75.2% YoY
Mission & Focus Areas
The Fund's core mission is improving population health and health equity by connecting leaders with experience and sound evidence.
Primary program areas include:
Identify, Inform, and Inspire State Health Policy Leaders: Providing technical assistance to state and federal policymakers, convening meetings on health policy and population health issues, and conducting programs to promote skills development and networking among emerging and senior state leaders.
Provide Authoritative Evidence and Support on Critical Issues: Convening meetings of public and private decision makers and publishing reports on issues including state services for aging populations, primary care transformation, sustainable healthcare costs, and behavioral health.
The Milbank Quarterly and Communications: Editing and publishing The Milbank Quarterly, a peer-reviewed journal of health policy and population health.
Program Development and Management: Planning new projects with strategic partners, evaluating continuing work, and supporting partner organizations in collaborative efforts.
Grantmaking
The Fund operates on an **invite-only basis and does not accept unsolicited applications**.
Grant Range
$5,000
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Geographic Focus
Where this funder awards grants
The Fund focuses on state-level health policy and leadership, with emphasis on state health policy networks and state-level decision makers.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets (2024): $96,276,713
Assets (2023): $90,722,486
Total Revenues (2024): $11,464,319
Total Expenses (2024): $6,291,467
Staff: Approximately 11-12 employees
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $96,276,713 | $90,722,486 | $84,386,413 |
| Revenue | $11,464,319 | $19,341,210 | $6,091,342 |
| Expenses | $6,291,467 | $6,229,935 | $8,448,526 |
| Qualifying Distributions | $5,547,592 | $5,516,078 | $7,494,147 |
| Net Investment Income | $10,468,820 | $15,782,295 | $5,025,412 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
109 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Debra Lubar was named President of the Milbank Memorial Fund.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CHRISTOPHER F KOLLER | DIRECTOR AND PRESIDENT | 40 | $430,137 |
| TARA STROME | SECRETARY AND COO | 40 | $228,784 |
| PAUL D CLEARY | DIRECTOR (THRU 12/2024) | 2 | — |
| JOHN M COLMERS | DIRECTOR AND CHAIR | 4 | — |
| LINDA V DECHERRIE | DIRECTOR | 2 | — |
| PETER DONNELLY | DIRECTOR | 2 | — |
| SHERRY GLIED | DIRECTOR | 2 | — |
| KELLY MAJOR GREEN | DIRECTOR | 2 | — |
| ROBERT E HARVEY | DIRECTOR AND TREASURER | 4 | — |
| JONEIGH KHALDUN | DIRECTOR | 2 | — |
| MARGARET E O'KANE | DIRECTOR | 2 | — |
| LASHAWN RICHBURG - HAYES | DIRECTOR AND VICE CHAIR | 4 | — |
| ANYA RADER WALLACK | DIRECTOR | 2 | — |
| PATRICIA ARZUAGA | DIRECTOR | 2 | — |
| ANTHONY SHIH | DIRECTOR | 2 | — |
Recent News & Activity
Recent developments and announcements
The Fund has expanded its partnership with the Peterson Center on Healthcare to improve healthcare affordability. The organization continues to publish research and analysis on health policy issues, with recent publications addressing primary care investment frameworks, paid family leave policy, insurance benefit design, ultraprocessed food regulation, and state data integration for evidence-based policy.
Peterson Center on Healthcare and Milbank Memorial Fund Expand PartnershipRelated Funders
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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