Non-profit

Milken Institute

Location:

SANTA MONICA, CA

Tax ID:

95-4240775

Tax-Exempt Status:

501(c)(3)

Budget (2017):

Revenue: $79,813,014
Expenses: $45,611,741
Assets: $405,625,413

Formation:

1991

President:

Richard Ditizio

The Milken Institute is a center-left think tank founded and initially endowed by billionaire philanthropist and former securities trader Michael Milken. The Institute conducts policy research and organizes programs on a number of issues including public health, environmentalism, economic policy, and globalization. Outside of its research programs, the Milken Institute hosts a number of annual conferences, bringing together some of the most influential people in the world to discuss solutions to contemporary global issues. [1]

The Milken Institute has endorsed mostly left-leaning policies, including the implementation of new consumption taxes, increased government spending on health care and other entitlement programs, and increased environmentalist regulations. [2] [3] [4] The Institute has, however, endorsed some right-of-center policies, including expanded school choice programs and decreased corporate tax rates. [5] [6]

The Milken Institute came under fire in October 2019 for lobbying in favor of a tax incentive program that would directly benefit Michael Milken. [7] Then-U.S. Secretary of the Treasury Steve Mnuchin was personally implicated in the scandal, reportedly instructing Treasury Department staff to apply the rules for qualifying for the tax cut to Milken, contrary to the Department’s own policies. [8] After the tax incentive program became law, Milken Institute officials met with Treasury Department senior aide Daniel Kowalski in an attempt to shape the rules around the incentive program, including supporting rules that would make qualifying for the tax break easier. [9] The Institute denied all wrongdoing. [10]

Founder Michael Milken was known as the “junk bond king” for having created the junk bond market. Milken’s investment strategies proved to be illegal, leading Milken to plead guilty to six felonies, including securities fraud, mail fraud, and aiding in the filing of a false tax return. Former President Donald Trump pardoned Milken during his last days in office. [11]

History

In 1991, billionaire former securities trader Michael Milken founded the Milken Institute to support research and other programs on a variety of economic and social issues. The Milken Institute was designed to focus primarily on issues of social mobility, conducting research in order to implement policies that would allegedly expand social opportunities. [12]

Since the Milken Institute was founded, it has expanded to include seven research centers working out of six offices around the world. [13] Aside from research projects, the Milken Institute has become known for its conferences, which bring together thousands of the most influential people in the world to discuss issues ranging from financial markets to public health to philanthropic giving. The Institute’s 2020 Global Conference featured high-profile speakers, including former U.S. Secretary of Health and Human Services Alex Azar, Kellogg CEO Steve Cahillane, former U.S. Secretary of Transportation Elaine Chao, CBS Entertainment Group president George Cheeks, former U.S. Secretary of Education Betsy Devos, Credit Suisse CEO Thomas Gottstein, and former U.S. Attorney General Eric Holder, among others. [14]

Research and Policy Positions

Most of the Milken Institute’s activities come from the development of research and policy recommendations, organized within the Institute’s several centers. Aside from research initiatives, the Institute organizes high-profile meetings, including its annual conference that has been called the “Davos of North America” for attracting the most powerful people in the world. [15]

Economic Policy

The Milken Institute has expressed its support for left-of-center economic policies. In a research report addressing economic recovery after the COVID-19 pandemic, Milken Institute staff called for the restoration of programs implemented by the Obama administration. These included increasing federal funds for community development projects, subsidizing manufacturing programs, and investing in small business credits. [16] Milken Institute chief economist William Lee called on the federal government to provide an additional $3 trillion stimulus package for COVID-19 relief in September of 2020. [17]

The Milken Institute has also called for extensive taxpayer funding of infrastructure projects through a new “Infrastructure Predevelopment Fund,” claiming that the lack of funding for early-stage housing and infrastructure projects has kept communities in poverty. [18] Milken Institute representatives have called for an increase in pre-development funding, urging the government to use taxpayer dollars on programs such as public transit development, the creation of public broadband networks, and the development of new water infrastructure. [19]

The Institute has also supported the implementation of new taxes. In 2014, the Milken Institute published an article in support of the implementation of a value-added (VAT) consumption tax to be earmarked specifically to fund left-of-center entitlement programs, such as government-funded health care programs. [20] In 2017, the Milken Institute endorsed a book entitled Taxing the Rich: A History of Fiscal Fairness in the United States and Europe, which argued that left-progressive activists should try to implement higher tax rates on the wealthy by arguing that the wealthy have received unjust benefits from the government. [21] The Milken Institute has also endorsed the implementation of additional taxes on products disfavored by metropolitan liberals such as junk food. [22]

Despite generally supporting additional taxes, the Milken Institute has advocated for cutting corporate tax rates as a way of encouraging economic growth. [23]

Public Health

The Milken Institute has supported government-funded public health initiatives. The Milken Institute centers its health initiatives around research on food systems, mental healthcare, and chronic disease. The Institute has advocated for new government-funded nutritional programs and public-private partnerships to improve food security. [24] The Institute has also encouraged government action to address the opioid epidemic and combat obesity. [25] [26]

Milken Institute officials have encouraged President Joe Biden to lean on Congress in order to reinstate key provisions of the left-of-center Affordable Care Act (Obamacare) that had been repealed during the Trump administration. [27] Additionally, contributors to the Milken Institute have advocated for implementing a government-controlled universal health insurance program, though the Institute has not supported attempts to implement socialized single-payer healthcare. [28]

Much of the Milken Institute’s work on public health promotes the implementation of left-of-center policies on aging. The Institute has advocated for federal programs to fund dementia care and invest in dementia research. [29] The Institute has also argued for increased taxpayer funding for long-term health care for middle-income Americans with chronic illnesses and expanding government-controlled health care programs. [30] The Milken Institute has also called for public investment in retirement programs more broadly, supporting a left-of-center proposal to give every American a $5,884 government bond at birth to be redeemed 20 years later in order to fund their retirement plans. [31]

The Milken Institute has been active in calling for a stringent, lockdown-based government response to the COVID-19 pandemic, hosting National Institute of Allergy and Infectious Diseases Director Anthony Fauci for an event sponsored by the Institute’s School of Public Health. [32] In December 2020, the Institute launched the “Early Warning Initiative,” a program to monitor emerging pathogens in order to prevent future pandemics, as part of its FasterCures program that encourages accelerated biomedical innovation. [33]

Environmentalism

Milken Institute officials have endorsed environmentalist policies, including initiatives to develop “circular economies” that repurpose waste into usable materials. The Institute has also called for the development of public green spaces, increased taxpayer-funded investment in public housing, and the development of public transit systems that run on renewable energy. [34]

The Milken Institute has supported the increased regulation of energy emissions by the federal government, calling the increased power granted to the Environmental Protection Agency (EPA) under the Obama administration “long overdue.” [35] Milken Institute researchers have also called on the federal government to count the alleged health costs of climate change in cost-benefit analyses for regulatory measures in order to impose more sweeping environmentalist regulations. [36]

Milken Institute affiliate David Michaels blamed a rejection of left-of-center views on climate change for the failures in the U.S. response to the COVID-19 pandemic, claiming that Republicans were “fed a diet of anti-science rhetoric” that contributed to the spread of COVID-19. [37]

Education

Though the Milken Institute typically supports left-of-center policies, the Institute has taken some right-of-center stances on education. In May 2017 and October 2020, the Milken Institute invited then-Secretary of Education Betsy DeVos to speak at the Milken Institute Global Conference. At the convention, DeVos endorsed the School Choice Now Act, a program that would give federal funding to states to be used by parents for school choice programs, including assisting in paying tuition for private schools or covering the costs of homeschooling, while also creating a permanent tax credit program for individuals and businesses who gave donations to nonprofit organizations that provide scholarships to children. [38]

Milken Institute founder Michael Milken has been a strong proponent of school choice programs, founding the online school K12 and arguing that schools should become a source of government-financed business, similar to defense contracting. [39]

Opportunity Zone Controversy

In October of 2019, the Milken Institute came under fire for supporting a policy of “opportunity zones.” Under the proposal, high-income investors would receive federal tax incentives for investing money into low-income communities by avoiding or delaying capital gains taxes on assets invested in those communities. The Milken Institute pushed senior officials in the Trump administration to adopt such a policy. [40]

The New York Times argued that the Milken Institute was working directly to founder Michael Milken’s benefit. According to an October 2019 report, Milken invested in two major real estate projects inside federal opportunity zones. In 2018, then-Secretary of the Treasury Steve Mnuchin personally instructed the Treasury Department to designate one of the areas housing Milken’s investment as an opportunity zone, contrary to Department’s own guidelines for selecting the zones, shortly after meeting with Milken at a Milken Institute event. [41]

After the tax incentive program was passed into law, officials at the Milken Institute met with Treasury Department senior aide Daniel Kowalski in an attempt to shape the rules around the opportunity zone program, including supporting rules that would make qualifying for the tax break easier. These included offering extensive time for development within the opportunity zones and reducing the amount that investors needed to spend in the zones before qualifying for the tax break. [42]

A spokesman for Milken denied the Milken Institute had any knowledge of Milken’s personal holding, while a spokesman for the Milken Institute insisted that the Institute’s support for the opportunity zone program was solely motivated by a concern for the poor. [43]

People

The Milken Institute was founded by Michael Milken, a billionaire financier known notoriously as the “junk bond king.” [44] In the mid-1980s, Milken developed the market for high-yield securities, becoming at one point the highest-paid person in Wall Street history. In 1990, Milken’s investment strategy got him into legal trouble, with Milken ultimately pleading guilty to six felony counts, including securities fraud, mail fraud, and aiding in the filing of a false tax return. [45]

Milken received a $600 million fine and a ten-year prison sentence, of which he served two years. The Securities and Exchange Commission (SEC) also banned Milken from ever working in securities again. After leaving prison, Milken devoted himself to funding cancer research after surviving prostate cancer. In the last days of his presidency, former President Donald Trump pardoned Milken after receiving pressure from high-profile individuals said to include billionaire Republican political donors Sheldon and Miriam Adelson, New England Patriots owner Robert Kraft, and former U.S. Secretary of Transportation Elaine Chao. [46]

Michael Klowden is the CEO of the Milken Institute. Klowden has overseen the expansion of the Institute, adding 11 new research programs to the Institute during his tenure. Prior to joining the Milken Institute, Klowden worked as an executive at Jeffries Group, an investment bank, and as a senior partner at Morgan, Lewis & Bockius, an international law firm. [47]

Richard Ditizio is the current president and COO of the Milken Institute. Ditzio previously had a long career in finance, sitting as CEO of Citi Private Bank before joining the Institute. [48]

Funding

The Milken Institute was launched and initially funded by Michael Milken. In 2018, the Institute reported $59,958,585 in revenue, $52,074,500 of which came from contributions and grants. [49]

The Milken Institute does not disclose its donors. In 2020, the Milken Institute School of Public Health received a $25 million grant from the National Institutes of Health to combat the HIV epidemic in Washington, D.C. [50] That same year, Atlantic Philanthropies donated $3.5 million to the Milken Institute School of Public Health. [51]

Several left-of-center foundations have reported the Milken Institute as a grant recipient, including the Ronald W. Burkle Foundation and the Pisces Foundation. [52] [53]

References

  1. “Global Conference 2020 Speakers.” Milken Institute. Accessed February 3, 2021. https://milkeninstitute.org/global-conference-2020-speakers. ^
  2. Burman, Leonard E. “The Tax Reform That Just Won’t Die [And Shouldn’t].” Milken Institute Review, April 28, 2014. https://www.milkenreview.org/articles/the-tax-reform-that-just-wont-die-and-shouldnt. ^
  3. “Canada’s Health Care.” Milken Institute Review, October 20, 2017. https://www.milkenreview.org/articles/canadas-health-care ^
  4. Chin, Curtis S., and Abhinav Seetharaman. “Three Lessons for Asia from the World’s Top Megacities.” Nikkei Asia, November 27, 2020. https://asia.nikkei.com/Opinion/Three-lessons-for-Asia-from-the-world-s-top-megacities. ^
  5. Danilova, Maria. “DeVos Pushes for ‘Most Ambitious Expansion’ of School Choice, but Offers Few Details.” PBS. Public Broadcasting Service, May 23, 2017. https://www.pbs.org/newshour/education/devos-pushes-ambitious-expansion-school-choice-offers-details. ^
  6. “Just Do It: Cut Corporate Taxes and Create Middle-Class Jobs.” Milken Institute. Accessed February 3, 2021. https://milkeninstitute.org/articles/just-do-it-cut-corporate-taxes-and-create-middle-class-jobs. ^
  7. Lipton, Eric, and Jesse Drucker. “Symbol of ’80s Greed Stands to Profit From Trump Tax Break for Poor Areas.” The New York Times. The New York Times, October 26, 2019. https://www.nytimes.com/2019/10/26/business/michael-milken-trump-opportunity-zones.html. ^
  8. Lipton, Eric, and Jesse Drucker. “Symbol of ’80s Greed Stands to Profit From Trump Tax Break for Poor Areas.” The New York Times. The New York Times, October 26, 2019. https://www.nytimes.com/2019/10/26/business/michael-milken-trump-opportunity-zones.html. ^
  9. Lipton, Eric, and Jesse Drucker. “Symbol of ’80s Greed Stands to Profit From Trump Tax Break for Poor Areas.” The New York Times. The New York Times, October 26, 2019. https://www.nytimes.com/2019/10/26/business/michael-milken-trump-opportunity-zones.html. ^
  10. Lipton, Eric, and Jesse Drucker. “Symbol of ’80s Greed Stands to Profit From Trump Tax Break for Poor Areas.” The New York Times. The New York Times, October 26, 2019. https://www.nytimes.com/2019/10/26/business/michael-milken-trump-opportunity-zones.html. ^
  11. Thebault, Reis. “Who Is Michael Milken, the ‘Junk Bond King’ Trump Just Pardoned?” The Washington Post. WP Company, February 19, 2020. https://www.washingtonpost.com/business/2020/02/18/michael-milken-pardon/. ^
  12. “About the Milken Institute.” Milken Institute. Accessed February 3, 2021. https://milkeninstitute.org/new-about. ^
  13. “About the Milken Institute.” Milken Institute. Accessed February 3, 2021. https://milkeninstitute.org/new-about. ^
  14. “Global Conference 2020 Speakers.” Milken Institute . Accessed February 3, 2021. https://milkeninstitute.org/global-conference-2020-speakers. ^
  15. Lipton, Eric, and Jesse Drucker. “Symbol of ’80s Greed Stands to Profit From Trump Tax Break for Poor Areas.” The New York Times. The New York Times, October 26, 2019. https://www.nytimes.com/2019/10/26/business/michael-milken-trump-opportunity-zones.html. ^
  16. Taylor, Astra, and Jimmy Sengenberger. “Communities of Color Need a Bottom-up Jobs Plan Now, to Rebuild after the Pandemic: Opinion.” Newsweek, January 18, 2021. https://www.newsweek.com/communities-color-jobs-plan-rebuild-pandemic-1562413. ^
  17. Lee, Yen Nee. “The U.S. Needs $3 Trillion in Fiscal Stimulus to Support Coronavirus-Hit Economy, Says Economist.” CNBC. NBCUniversal, September 10, 2020. https://www.cnbc.com/2020/09/10/us-needs-3-trillion-in-fiscal-stimulus-for-coronavirus-hit-economy-economist.html. ^
  18. Carol, Dan. “The Case for an Infrastructure Predevelopment Fund.” Milken Institute Review. Milken Institute, April 3, 2020. https://www.milkenreview.org/articles/the-case-for-an-infrastructure-predevelopment-fund. ^
  19. White, Ben, and Aubree Eliza Weaver. “Big 2020 Question: Are You Better off?” POLITICO, October 20, 2020. https://www.politico.com/newsletters/morning-money/2020/10/20/big-2020-question-are-you-better-off-791076. ^
  20. Burman, Leonard E. “The Tax Reform That Just Won’t Die [And Shouldn’t].” Milken Institute Review, April 28, 2014. https://www.milkenreview.org/articles/the-tax-reform-that-just-wont-die-and-shouldnt. ^
  21. Scheve, Kenneth, and David Stasavage. “Book Excerpt: Taxing the Rich.” Milken Institute Review. Milken Institute, January 17, 2017. https://www.milkenreview.org/articles/book-excerpt-taxing-the-rich. ^
  22. Laxminarayan, Ramanan, and Amit Summan. “Can Taxes and Subsidies Improve Health.” Milken Institute Review. Milken Institute, July 29, 2019. https://www.milkenreview.org/articles/can-taxes-and-subsidies-improve-health. ^
  23. “Just Do It: Cut Corporate Taxes and Create Middle-Class Jobs.” Milken Institute. Accessed February 3, 2021. https://milkeninstitute.org/articles/just-do-it-cut-corporate-taxes-and-create-middle-class-jobs. ^
  24. “Feeding Change.” Milken Institute. Accessed February 3, 2021. https://milkeninstitute.org/programs/feeding-change. ^
  25. “Center for Public Health at the Milken Institute.” Milken Institute. Accessed February 3, 2021. https://milkeninstitute.org/centers/center-for-public-health. ^
  26. “Chronic Disease.” Milken Institute. Accessed February 3, 2021. https://milkeninstitute.org/centers/center-for-public-health/chronic-disease. ^
  27. Muchmore, Shannon. “With Democratic Trifecta, Biden Could Shore up ACA.” Healthcare Dive, January 7, 2021. https://www.healthcaredive.com/news/with-democratic-trifecta-biden-could-shore-up-aca/592977/. ^
  28. “Canada’s Health Care.” Milken Institute Review, October 20, 2017. https://www.milkenreview.org/articles/canadas-health-care. ^
  29. Bonvissuto, Kimberly. “Recommendations to Reduce Disparities in Dementia Care Due in 2021.” McKnight’s Senior Living, December 9, 2020. https://www.mcknightsseniorliving.com/home/news/recommendations-to-reduce-disparities-in-dementia-care-due-in-2021/. ^
  30. Bonvissuto, Kimberly. “Recommendations to Reduce Disparities in Dementia Care Due in 2021.” McKnight’s Senior Living, December 9, 2020. https://www.mcknightsseniorliving.com/home/news/recommendations-to-reduce-disparities-in-dementia-care-due-in-2021/. ^
  31. “A Plan to Eliminate Poverty for All Retirees.” Rowan University, February 1, 2021. https://www.prnewswire.com/news-releases/a-plan-to-eliminate-poverty-for-all-retirees-301218278.html. ^
  32. Trauner, Rachel. “Fauci Talks Vaccines, School Re-Openings during Milken, SMPA Event.” The GW Hatchet. Hatchet Publications, Inc., August 24, 2020. https://www.gwhatchet.com/2020/08/20/fauci-talks-vaccines-school-re-openings-amid-pandemic-during-milken-smpa-event/. ^
  33. “Milken Institute Launches ‘Early Warning’ Initiative for Emerging Pandemic Threats as COVID-19 Cases Increase.” Business Wire, December 2, 2020. https://www.businesswire.com/news/home/20201201006245/en/Milken-Institute-Launches-%E2%80%9CEarly-Warning%E2%80%9D-Initiative-for-Emerging-Pandemic-Threats-as-COVID-19-Cases-Increase. ^
  34. Chin, Curtis S., and Abhinav Seetharaman. “Three Lessons for Asia from the World’s Top Megacities.” Nikkei Asia, November 27, 2020. https://asia.nikkei.com/Opinion/Three-lessons-for-Asia-from-the-world-s-top-megacities ^
  35. The Editors. “Who Should Regulate Greenhouse Gases?” The New York Times. The New York Times, February 19, 2009. https://roomfordebate.blogs.nytimes.com/2009/02/19/the-epa-puts-on-the-heat/. ^
  36. Achakulwisut, Ploy. “The Missing Maths: the Human Cost of Fossil Fuels.” The Guardian. Guardian News and Media, April 26, 2018. https://www.theguardian.com/environment/climate-consensus-97-per-cent/2018/apr/26/the-missing-maths-the-human-cost-of-fossil-fuels. ^
  37. Michaels, David. “Coronavirus: Paying the Price of Science Denialism… Again.” The Wire Science, March 30, 2020. https://science.thewire.in/health/us-coronavirus-trump-republicans/. ^
  38. Danilova, Maria. “DeVos Pushes for ‘Most Ambitious Expansion’ of School Choice, but Offers Few Details.” PBS. Public Broadcasting Service, May 23, 2017. https://www.pbs.org/newshour/education/devos-pushes-ambitious-expansion-school-choice-offers-details. ^
  39. Saul, Stephanie. “Profits and Questions at Online Charter Schools.” The New York Times. The New York Times, December 13, 2011. https://www.nytimes.com/2011/12/13/education/online-schools-score-better-on-wall-street-than-in-classrooms.html. ^
  40. Lipton, Eric, and Jesse Drucker. “Symbol of ’80s Greed Stands to Profit From Trump Tax Break for Poor Areas.” The New York Times. The New York Times, October 26, 2019. https://www.nytimes.com/2019/10/26/business/michael-milken-trump-opportunity-zones.html. ^
  41. Lipton, Eric, and Jesse Drucker. “Symbol of ’80s Greed Stands to Profit From Trump Tax Break for Poor Areas.” The New York Times. The New York Times, October 26, 2019. https://www.nytimes.com/2019/10/26/business/michael-milken-trump-opportunity-zones.html. ^
  42. Lipton, Eric, and Jesse Drucker. “Symbol of ’80s Greed Stands to Profit From Trump Tax Break for Poor Areas.” The New York Times. The New York Times, October 26, 2019. https://www.nytimes.com/2019/10/26/business/michael-milken-trump-opportunity-zones.html. ^
  43. Lipton, Eric, and Jesse Drucker. “Symbol of ’80s Greed Stands to Profit From Trump Tax Break for Poor Areas.” The New York Times. The New York Times, October 26, 2019. https://www.nytimes.com/2019/10/26/business/michael-milken-trump-opportunity-zones.html. ^
  44. Boucher, Brian. “The Notorious ‘Junk Bond King’ Michael Milken Is Opening a Museum Dedicated to the American Dream in Washington, DC.” artnet News, November 6, 2020. https://news.artnet.com/art-world/michael-milken-museum-american-dream-1921625. ^
  45. Thebault, Reis. “Who Is Michael Milken, the ‘Junk Bond King’ Trump Just Pardoned?” The Washington Post. WP Company, February 19, 2020. https://www.washingtonpost.com/business/2020/02/18/michael-milken-pardon/. ^
  46. Thebault, Reis. “Who Is Michael Milken, the ‘Junk Bond King’ Trump Just Pardoned?” The Washington Post. WP Company, February 19, 2020. https://www.washingtonpost.com/business/2020/02/18/michael-milken-pardon/. ^
  47. “Mike Klowden.” Milken Institute. Accessed February 3, 2021. https://milkeninstitute.org/node/9669. ^
  48. “Richard Ditizio.” Milken Institute. Accessed February 3, 2021. https://milkeninstitute.org/richard-ditizio. ^
  49. Milken Institute. Return of Organization Exempt from Income Tax, (Form 990), 2018. Part I. ^
  50. Mallard, Shannon. “Milken Receives $25 Million Grant to Combat D.C. HIV Epidemic.” The GW Hatchet. Hatchet Publications, Inc, June 10, 2020. https://www.gwhatchet.com/2020/06/09/milken-receives-25-million-grant-to-combat-d-c-hiv-epidemic/. ^
  51. Mallard, Shannon. “Health Equity Program Receives $3.5 Million Grant.” The GW Hatchet. Hatchet Publications, Inc, July 1, 2020. https://www.gwhatchet.com/2020/06/30/health-equity-program-receives-3-5-million-grant/. ^
  52. “Grant Recipients.” Pisces Foundation, April 18, 2018. https://piscesfoundation.org/grant-recipients/. ^
  53. “Grant Recipients.” The Ronald W Burkle Foundation. Accessed February 3, 2021. http://burklefoundation.com/grant-recipients/. ^
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Nonprofit Information

  • Accounting Period: December - November
  • Tax Exemption Received: May 1, 1991

  • Available Filings

    Period Form Type Total revenue Total functional expenses Total assets (EOY) Total liabilities (EOY) Unrelated business income? Total contributions Program service revenue Investment income Comp. of current officers, directors, etc. Form 990
    2017 Dec Form 990 $79,813,014 $45,611,741 $405,625,413 $32,781,462 Y $71,760,788 $856,858 $4,588,479 $1,886,857 PDF
    2016 Dec Form 990 $47,638,129 $42,559,621 $359,301,319 $36,134,443 Y $44,635,444 $734,702 $2,434,121 $2,596,000 PDF
    2015 Dec Form 990 $239,853,798 $36,405,927 $358,155,709 $42,112,138 Y $235,055,710 $2,438,537 $1,366,809 $1,973,081 PDF
    2014 Dec Form 990 $61,873,440 $34,314,521 $151,502,169 $41,034,663 Y $60,126,744 $985,880 $1,429,804 $2,790,185 PDF
    2013 Dec Form 990 $81,502,191 $64,251,632 $124,163,183 $38,944,567 Y $76,966,512 $1,100,623 $1,436,706 $2,590,400 PDF
    2012 Dec Form 990 $44,208,329 $30,564,699 $72,340,811 $4,656,291 Y $39,606,708 $1,781,950 $2,144,559 $2,526,677 PDF
    2011 Dec Form 990 $30,202,764 $21,090,462 $55,809,593 $2,224,203 Y $24,932,551 $1,956,699 $3,581,245 $2,269,881 PDF

    Additional Filings (PDFs)

    Milken Institute

    1250 FOURTH STREET 2ND FLOOR
    SANTA MONICA, CA 90401-1418