The Milken Family Foundation
The Milken Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SANTA MONICA, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $92.0M in total assets. In 2024, it awarded 8 grants totaling $369K. Net investment income was $3.7M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$92.0M
-7.1% YoY
Annual Giving
$369K
-22.3% YoY
Grant Count
8
+33.3% YoY
Avg Grant Size
$46K
-41.8% YoY
Under IRS private-foundation payout rules, The Milken Family Foundation reported a distributable amount of $5.5M for 2024 — the minimum it must pay out in qualifying distributions.
About The Milken Family Foundation
Based on IRS filings
The Milken Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SANTA MONICA, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $92.0M in total assets. In 2024, it awarded 8 grants totaling $369K. Net investment income was $3.7M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $91,997,597 | $98,977,255 | $103,726,189 |
| Revenue | $4,491,625 | $5,047,960 | $12,936,843 |
| Expenses | $11,474,014 | $9,797,908 | $9,946,240 |
| Qualifying Distributions | $11,059,554 | $9,356,187 | $9,368,576 |
| Net Investment Income | $3,711,277 | $3,964,535 | $12,423,999 |
| Distributable Amount | $5,498,206 | $5,708,589 | $5,394,217 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
42 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Bureau of Jewish Education ($287,500), Ariel University Foundation ($50,000), Exceptional Childrens Foundation ($11,500).
| Recipient | Purpose | Amount |
|---|---|---|
| BUREAU OF JEWISH EDUCATION LOS ANGELES, CA | PRESCHOOL - 12TH GRADE PROGRAMS | $287,500 |
| ARIEL UNIVERSITY FOUNDATION HOBOKEN, NJ | HIGHER ED & RESEARCH INST. & PROGS | $50,000 |
| EXCEPTIONAL CHILDRENS FOUNDATION CULVER CITY, CA | COMMUNITY CENTERS & PROGRAMS | $11,500 |
| THE HELP GROUP CHILD AND FAMILY CENTER SHERMAN OAKS, CA | COMMUNITY CENTERS & PROGRAMS | $10,000 |
| ACTIVE MINDS INC WASHINGTON, DC | COMMUNITY CENTERS & PROGRAMS | $7,200 |
| ALL-STAR ORCHESTRA LARCHMONT, NY | CULTURAL, LIBRARIES & MUSEUMS | $2,000 |
| POLICE UNITY TOUR VALENCIA, CA | COMMUNITY CENTERS & PROGRAMS | $1,000 |
| THE FORWARD ASSOCIATION INC NEWARK, NJ | COMMUNITY CENTERS & PROGRAMS | $100 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LOWELL MILKEN | CHAIRMAN & DIRECTOR | 30 | — |
| MICHAEL MILKEN | PRESIDENT & DIRECTOR | 10 | — |
| RALPH FINERMAN | SR. VP & DIRECTOR | 20 | — |
| LYNDA RESNICK | DIRECTOR | 5 | — |
| THOMAS BOYSEN | DIRECTOR | 5 | — |
| RICHARD SANDLER | EXECUTIVE VP & SECRETARY | 35 | $228,000 |
| JANE FOLEY | SR. VP, MILKEN EDUCATOR AWARDS | 40 | $354,792 |
| RICHARD YEE | SR. VP & CFO | 40 | $263,146 |
| GARY PANAS | VP OF DESIGN | 40 | $209,583 |
| NIKKI HAYES | VP, POST-PRODUCTION | 40 | $162,540 |
| STEPHANIE BISHOP | VP, MILKEN EDUCATOR AWARDS | 40 | $144,233 |
| PAUL BLIESE | VP, PHOTOGRAPHY | 40 | $144,133 |
| JANA RAUSCH | VP, COMMUNICATIONS | 40 | $141,917 |
| MICHAEL HILLMAN | VP, PRODUCTION | 40 | $150,000 |
| JONI MILKEN-NOAH | VP, MIKE'S MATH CLUB | 40 | $102,000 |
| JENNIFER FULLER | VP, MILKEN EDUCATOR AWARDS | 40 | $31,859 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Milken Family Foundation?
The Milken Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SANTA MONICA, CA. It holds $92.0M in total assets as of 2024.
How large is The Milken Family Foundation?
As of 2024, The Milken Family Foundation holds $92.0M in total assets with $4.5M in annual revenue. It awarded 8 grants totaling $369K in 2024.
Where does The Milken Family Foundation operate?
The Milken Family Foundation has awarded grants in California, District of Columbia, Massachusetts, Maine, New Jersey, New York.
What size grants does The Milken Family Foundation award?
In 2024, The Milken Family Foundation awarded 8 grants totaling $369K — an average of about $46K per grant, based on its IRS Form 990 filings.
How much is The Milken Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Milken Family Foundation reported a distributable amount of $5.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Milken Family Foundation's EIN?
The Milken Family Foundation's EIN (Employer Identification Number) is 95-4073646. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Milken Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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