The Milken Family Foundation
The Milken Family Foundation is a private foundation, 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.
The Milken Family Foundation at a glance
In short: The Milken Family Foundation gave $369K across 8 grants in 2024 (avg $46K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $369,300
- -22.3% vs 2023
- Grants made (2024)
- 8
- +33.3% vs 2023
- Average grant
- $46,163
- -41.8% vs 2023
- Median grant
- $8,600
- Total assets
- $91,997,597
- -7.1% vs 2023
- Primary geography
- California (84% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Milken Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was Bureau of Jewish Education ($288K). Together the top 8 received $369K.
Grant Size Distribution
42 grants across all recorded years
The most common grant size was under $50K: 27 grants of 42 (64%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
Cities
How The Milken Family Foundation gives
- Giving fell 53% from 2021 to 2024. Method
- In 2024 it paid out 201% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $369K (2024) to $1.8M (2020). In 2024 it made 8 grants totaling $369K.
Grants by year
Grant recipients and amounts by year
| 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 |
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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 | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $91,997,597 | $4,491,625 | $11,474,014 | $369,300 | 8 | $11,059,554 | $3,711,277 | $5,498,206 |
| 2023 | $98,977,255 | $5,047,960 | $9,797,908 | $475,575 | 6 | $9,356,187 | $3,964,535 | $5,708,589 |
| 2022 | $103,726,189 | $12,936,843 | $9,946,240 | $729,471 | 9 | $9,368,576 | $12,423,999 | $5,394,217 |
| 2021 | $100,736,755 | $8,454,565 | $6,933,172 | $783,768 | 10 | — | $8,014,700 | $6,692,116 |
| 2020 | $99,205,599 | $6,889,879 | $8,269,633 | $1,838,493 | 9 | — | $8,971,463 | $4,867,653 |
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.
Leadership & Key People
Officers and directors from IRS filings
The Milken Family Foundation is led by Michael Milken, President & Director on every filing since 2020; 11 of 16 officers listed in 2024 are compensated.
Officers on the 2024 filing
Michael Milken
President & Director
On filings since 2020
10 hrs/week
No compensation reported
Lowell Milken
Chairman & Director
On filings since 2020
30 hrs/week
No compensation reported
Lynda Resnick
Director
On filings since 2020
5 hrs/week
No compensation reported
Ralph Finerman
Senior Vice President & Director
On filings since 2020
20 hrs/week
No compensation reported
Thomas Boysen
Director
On filings since 2020
5 hrs/week
No compensation reported
Gary Panas
Vice President of Design
On filings since 2020
40 hrs/week
$182K (2020) → $210K (2024)
Jane Foley
Senior Vice President & Milken Educator Awards
On filings since 2020
40 hrs/week
$278K (2020) → $355K (2024)
Joni Milken-Noah
Vice President & Mike's Math Club
On filings since 2020
40 hrs/week
$102K (2020) → $102K (2024)
Richard Sandler
Executive Vice President & Secretary
On filings since 2020
35 hrs/week
$228K (2020) → $228K (2024)
Richard Yee
Senior Vice President & CFO
On filings since 2020
40 hrs/week
$215K (2020) → $263K (2024)
Jana Rausch
Vice President & Communications
On filings since 2022
40 hrs/week
$124K (2022) → $142K (2024)
Michael Hillman
Vice President & Production
On filings since 2022
40 hrs/week
$123K (2022) → $150K (2024)
Nikki Hayes
Vice President & Post-Production
On filings since 2022
40 hrs/week
$147K (2022) → $163K (2024)
Paul Bliese
Vice President & Photography
On filings since 2022
40 hrs/week
$125K (2022) → $144K (2024)
Stephanie Bishop
Vice President & Milken Educator Awards
On filings since 2022
40 hrs/week
$129K (2022) → $144K (2024)
Jennifer Fuller
Vice President & Milken Educator Awards
New on the 2024 filing
40 hrs/week
$32K (2024)
Former officers (2)
- Former: Bonnie Somers (2020–2021) — Senior Vice President & Communications
- Former: Lawrence Lesser (2020–2021) — Senior Vice President & Creative Services
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 $355K, to Jane Foley (Sr. VP, Milken Educator Awards). 11 officers or directors reported compensation on that filing.
Frequently asked questions about The Milken Family Foundation
How much does The Milken Family Foundation give each year?
The Milken Family Foundation gave $369K across 8 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $476K across 6 grants.
What is The Milken Family Foundation's typical grant size?
The Milken Family Foundation's median grant in 2024 was $8,600, and its average grant was $46,163, across 8 grants on its 2024 IRS Form 990-PF.
Where does The Milken Family Foundation give grants?
The Milken Family Foundation gives mostly in California: 84% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was New Jersey (14%).
Does The Milken Family Foundation give general operating support?
Not in 2024: none of the 8 grants with a stated purpose on The Milken Family Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Community Centers & Programs" (5 grants).
Who are The Milken Family Foundation's largest grantees?
The Milken Family Foundation's largest 2024 grantees include Bureau of Jewish Education ($287,500), Ariel University Foundation ($50,000) and Exceptional Childrens Foundation ($11,500), according to its 2024 IRS Form 990-PF. Together they received 95% of its itemized 2024 grant dollars.
How large is The Milken Family Foundation?
The Milken Family Foundation reported $92.0M in total assets on its 2024 IRS Form 990-PF. It paid out $11.1M in qualifying distributions that year, against a required minimum of $5.5M (roughly 5% of its investment assets).
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Milken Family Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in The Milken Family Foundation's focus areas in our free grants database
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