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The Milken Institute at a glanceMostly funded, not a grantmaker: see who funds it →

· Public charity

The Milken Institute

THE MILKEN INSTITUTE is a non-profit, nonpartisan think tank determined to increase global prosperity by advancing collaborative solutions that widen access to capital, create jobs, and improve health.

$52M
Granted FY2024still arriving
31
Grants FY2024still arriving
14
States reached
$6.2M
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
05Through PlinthRead
01What it funds
01100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2024.

Health$74MScience & Tech$14MCommunity Improvement$4.2MInternational$2.7MEducation$630kPhilanthropy$120kEnvironment$80k
02FY2024 · 31 grants

Where the money goes

Grants by size, and the largest recipients.

How this is measured
The 31 grants below total $42,891,793, the rows itemized in this filing. The $52,388,884 headline is the total grant expense on the return; the other $9,497,091 is giving the schedule does not break out (grants under the $5,000 itemization floor, grants to individuals, grants on other schedules). Every figure below describes the itemized rows only.

By grant size · FY2024

  • $50k–250k12 grants · $1.6M
  • $250k+19 grants · $41M
$375,792
Median grant
14
States reached
$1.5B
Total assets
Largest grants
RecipientAmount
THE FEINSTEIN INSTITUTES FOR MEDICAL RESEARCH$6,166,250
MASSACHUSETTS INSTITUTE OF TECHNOLOGY$4,962,414
THE J GLADSTONE INSTITUTES$4,843,866
THE BRIGHAM AND WOMEN'S HOSPITAL INC$4,764,645
THE BROAD INSTITUTE INC$4,500,000
THE REGENTS OF THE UNIVERSITY OF CALIFORNIA BERKELEY$4,499,845
THE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY$2,000,000
PRESIDENT AND FELLOWS OF HARVARD COLLEGE$1,999,027
IMPACT CHARITABLE$1,689,862
IMPACT ASSETS$1,370,000
DEPRESSION AND BIPOLAR SUPPORT ALLIANCE$893,000
EMORY UNIVERSITY$600,000
CEDARS-SINAI MEDICAL CENTER$599,998
OREGON HEALTH & SCIENCE UNIVERSITY$599,998
GREAT RIVERS COMMUNITY TRUST DBA SCALE LINK$575,000
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Dollar for dollar, its grants (FY17–24) land where the poverty rate runs at 11%, against an area that typically sits at 10%. 51% of its dollars go to grantees based in above-average-need neighborhoods. Its grants spread fairly evenly across need levels.

area typical 10%THE BROAD INSTITUTE INC: $9.9M → 8%THE BRIGHAM AND WOMEN'S HOSPITAL INC: $4.8M → 16%MAYO CLINIC: $2.5M → 9%THE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY: $4.4M → 7%23ANDME INC: $1.1M → 8%THE REGENTS OF THE UNIVERSITY OF CALIFORNIA BERKELEY: $4.5M → 10%THE J GLADSTONE INSTITUTES: $4.8M → 10%EGERIA CORPORATION - OPENGRANTS: $320k → 12%UC REGENTS-UCLA: $2.2M → 14%THE FEINSTEIN INSTITUTES FOR MEDICAL RESEARCH: $6.2M → 6%THE TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK: $300k → 17%THE UNIVERSITY OF TEXAS HEALTH SCIENCE CENTER AT HOUSTON: $2.2M → 16%THE ASPEN INSTITUTE INC: $190k → 14%REGENTS OF THE UNIVERSITY OF MICHIGAN: $2.2M → 14%OREGON HEALTH & SCIENCE UNIVERSITY: $600k → 12%YALE UNIVERSITY: $4.4M → 12%GREAT RIVERS COMMUNITY TRUST DBA SCALE LINK: $575k → 8%EMORY UNIVERSITY: $600k → 14%IMPACT CHARITABLE: $1.7M → 12%IMPACT ASSETS: $1.4M → 8%JOHNS HOPKINS UNIVERSITY: $2.2M → 19%THE BROAD INSTITUTE INC: $4.5M → 8%THE BRIGHAM AND WOMEN'S HOSPITAL INC: $1.4M → 16%MAYO CLINIC: $376k → 9%THE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY: $2.0M → 7%23ANDME INC: $1.1M → 8%COLUMBIA UNIVERSITY: $300k → 17%GEORGETOWN UNIVERSITY: $180k → 14%MASSACHUSETTS INSTITUTE OF TECHNOLOGY: $5.0M → 8%CEDARS-SINAI MEDICAL CENTER: $600k → 14%JERUSALEM FOUNDATION: $500k → 17%PRESIDENT AND FELLOWS OF HARVARD COLLEGE: $4.4M → 8%JERUSALEM FOUNDATION: $400k → 17%THE GEORGE WASHINGTON UNIVERSITY: $679k → 14%PRESIDENT AND FELLOWS OF HARVARD COLLEGE: $2.0M → 8%JERUSALEM FOUNDATION: $300k → 17%THE GEORGE WASHINGTON UNIVERSITY: $459k → 14%JERUSALEM FOUNDATION: $300k → 17%THE GEORGE WASHINGTON UNIVERSITY: $247k → 14%THE MCLEAN HOSPITAL CORPORATION: $993k → 8%JERUSALEM FOUNDATION: $300k → 17%THE GEORGE WASHINGTON UNIVERSITY: $220k → 14%PEF ISRAEL ENDOWMENT FUND: $300k → 17%PEF ISRAEL ENDOWMENT FUND INC: $300k → 17%DEPRESSION AND BIPOLAR SUPPORT ALLIANCE: $893k → 14%NEW YORK GENOME CENTER INC: $4.4M → 17%PEF ISRAEL ENDOWMENT FUND INC: $300k → 17%ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI: $4.9M → 17%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.

Which US states its grants reach

AK
IL
MI
NY
MA
OR
PA
CT
CA
CO
MD
DE
NC
DC
GA
TX
FL

Grants abroad, by region: $9.0M on the FY2024 return

Schedule F, as filed: 3 regions. The IRS asks for region and purpose, not the recipient, so no country or grantee can be named here.

Europe (including Iceland and Greenland)$8.4M · 94% · 15 grants

Stated purpose: AMYOTROPHIC LATERAL SCLEROSIS (ALS) RESEARCH · MILKEN-MOTSEPE PRIZE · BIPOLAR DISORDER RESEARCH

Sub-Saharan Africa$450k · 5% · 3 grants

Stated purpose: MILKEN-MOTSEPE PRIZE

North America (Canada and Mexico)$100k · 1% · 1 grant

Stated purpose: MILKEN-MOTSEPE PRIZE

How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving. Grants abroad on Schedule F are filed by region, purpose and amount with no recipient name, so they are shown by region and cannot be placed on the country map or matched to a grantee.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

40%of every dollar goes to organizations it has funded before.
$27M · 6 repeat orgs$40M to everyone else

Grantees it renews have grown median revenue +30% since the first grant, against +4% for those funded once.

6 repeat relationships: 2 still active in FY2024, 4 since wound down; 16 grantees were first funded in FY2024 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

6
17

Total granted

$27M
$20M

Median revenue growth · since first grant

+30%
+4%

Still filing today

67%
41%

New vs renewed · share of each year

In FY2024, 32% of grant dollars renewed an existing relationship; $20M went to new ones.

50%100%’17’18’19’20’21’22’23’24
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’17’18’19’20’21’22’23’24
HealthEducationSocial SciencePhilanthropyRecreation & SportsInternationalOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • TB
    The Broad Institute Inc
    2× · 2023–2024 · $14M · revenue -2%
  • MG
    MASS GENERAL BRIGHAM INCORPORATED
    2× · 2023–2024 · $6.1M
  • 2I
    23andMe Inc
    2× · 2017–2018 · $2.3M

Funded once

  • ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI
    one grant, 2023 · $4.9M · revenue +8%
  • NY
    NEW YORK GENOME CENTER INC
    one grant, 2023 · $4.4M · revenue -11%
  • RO
    REGENTS OF THE UNIVERSITY OF MICHIGAN
    one grant, 2023 · $2.2M
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
New York University

Nyu is a private university with approximately 60,000 matriculating students in 20 schools and institutes. nyu's primary missions are education, research and scholarship, and patient care.

Education
2
Lehigh University

The university's goal in the coming decade is to advance learning through the integration of teaching, research and service to others. the core of this goal is to prepare graduates to engage with the world and lead lives of meaning. to do…

Education
3
Trustees of Dartmouth College

Dartmouth College educates the most promising students and prepares them for a lifetime of learning and of responsible leadership, through a faculty dedicated to teaching and the creation of knowledge.

Education
4
The Trustees of Princeton University

Research, education and general - princeton university is a private not-for-profit, non-sectarian institution of higher learning with approximately 5,700 undergraduate and 3,300 graduate students. 2,500 students graduated in the 2024-2025…

Education
5
Cornell University

Education, research, medical services and other public services.

Education
6
Trustees of Tufts College

Education and Research

Education
7
Trustees of Boston University

Organization's mission: boston university is an international, comprehensive, private research university, committed to educating students to be reflective, resourceful individuals ready to live, adapt, and lead in an interconnected world.…

—
8
Institute for Advanced Study - Louis Bamberger & Mrs Felix Fuld Foundation

The institute for advanced study (the institute) is one of the world's leading centers for theoretical research and intellectual inquiry. see schedule o.

Science & Tech
9
Bar Ilan University in Israel Inc

Biu produces students who excel in the sciences, humanities, law, engineering, business & the arts.

—
10
University of Miami

See Form 990, Part I, Line 1, Description of Organization Mission.

Education
11
University of Southern California

The central mission of the university of southern california is the development of human beings and society as a whole through the cultivation and enrichment of the human mind and spirit. the principal means by which our mission is…

Education
12
Trustees of the University of Pennsylvania

The trustees of the university of pennsylvania (the "university") sees itself as having a public service mission. in such regard, the university aims to provide a rich and diverse educational environment for its students; to pioneer…

Education
How this is measured
The grantee most central to the portfolio’s shape is Georgetown University; the most unlike its peers is Catalyst Development Corporation. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

30 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 30 of the 49 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

0
Load-bearing (≥25% of a budget)
1
Early backer (in before they grew)
30/30
Grantees still filing
16/30
Grew since first funded

Where the money sits, by cause and then by grantee

The Broad Institute Inc: $14,411,455 · HealthThe Broad Institute IncTHE FEINSTEIN INSTITUTES FOR MEDICAL RESEARCH: $6,166,250 · HealthTHE FEINSTEIN INSTITUTES FOR MEDICAL RES…THE J DAVID GLADSTONE INSTITUTES: $4,843,866 · HealthTHE J DAVID GLADSTONE INSTITUTESNEW YORK GENOME CENTER INC: $4,411,628 · HealthNEW YORK GENOME CENTER INCMAYO CLINIC: $2,970,641 · HealthMAYO CLINIC+3 more: $1,502,998 · HealthTHE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY: $6,562,049 · EducationTHE BOARD OF TRUSTEES OF THE LELAND STA…President and Fellows of Harvard College: $6,560,590 · EducationPresident and Fellows of Harvard Colleg…Massachusetts Institute of Technology: $4,962,414 · EducationMassachusetts Institute of TechnologyICAHN SCHOOL OF MEDICINE AT MOUNT SINAI: $4,912,044 · EducationICAHN SCHOOL OF MEDICINE AT MOUNT SINAIYale University: $4,611,839 · EducationYale UniversityJOHNS HOPKINS UNIVERSITY: $2,212,049 · EducationJOHNS HOPKINS UNIVERSITYThe George Washington University: $1,604,879 · Education+5 more: $2,354,782 · Education+5 moreMASS GENERAL BRIGHAM INCORPORATED: $6,145,692 · OtherMASS GENERAL BRIGHAM INCOR…REGENTS OF THE UNIVERSITY OF CALIFORNIA AT BERKELEY: $4,499,845 · OtherREGENTS OF THE UNIVERSITY …23andMe Inc: $2,266,667 · Other23andMe IncREGENTS OF THE UNIVERSITY OF MICHIGAN: $2,212,049 · OtherREGENTS OF THE UNIVERSITY …REGENTS UNIV OF CALIFORNIA: $2,212,049 · OtherREGENTS UNIV OF CALIFORNIAUNIVERSITY OF TEXAS HEALTH SCIENCE CENTER HOUSTON: $2,212,049 · OtherUNIVERSITY OF TEXAS HEALTH…MASS GENERAL BRIGHAM INCORPORATED: $993,052 · Other+12 more: $1,619,998 · Other+12 moreIMPACT CHARITABLE: $1,689,862 · PhilanthropyIMPACTASSETSINC: $1,370,000 · PhilanthropyPEF ISRAEL ENDOWMENT FUNDS INC: $600,000 · Philanthropy+1 more: $23,780 · PhilanthropyJERUSALEM FOUNDATION INC: $1,800,000 · InternationalJEWISH NATIONAL FUND (KEREN KAYEMETH LEISRAEL) INC: $300,000 · InternationalTHE ASPEN INSTITUTE INC: $190,000 · Social ScienceACTIONAID USA: $8,068 · Social ScienceNorthwestern University: $150,000 · Recreation & SportsCATALYST DEVELOPMENT CORPORATION: $50,000 · Housing & Shelter
Health$34,306,838Education$33,780,646Other$22,161,401Philanthropy$3,683,642International$2,100,000Social Science$198,068Recreation & Sports$150,000Housing & Shelter$50,000

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$10M$100Mgrantee revenue →↑ funder's share of their budgetThe Broad Institute Inc: $14,411,455 over 2y, 1.1% of budgetTHE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY: $6,562,049 over 2y, 0.1% of budgetPresident and Fellows of Harvard College: $6,560,590 over 2y, 0.1% of budgetTHE FEINSTEIN INSTITUTES FOR MEDICAL RESEARCH: $6,166,250 over 1y, 3.8% of budgetMassachusetts Institute of Technology: $4,962,414 over 1y, 0.1% of budgetICAHN SCHOOL OF MEDICINE AT MOUNT SINAI: $4,912,044 over 1y, 0.1% of budgetTHE J DAVID GLADSTONE INSTITUTES: $4,843,866 over 1y, 4.1% of budgetYale University: $4,611,839 over 3y, 0.1% of budgetNEW YORK GENOME CENTER INC: $4,411,628 over 1y, 4.8% of budgetMAYO CLINIC: $2,970,641 over 2y, 0.0% of budgetJOHNS HOPKINS UNIVERSITY: $2,212,049 over 1y, 0.0% of budgetJERUSALEM FOUNDATION INC: $1,800,000 over 5y, 3.6% of budgetIMPACT CHARITABLE: $1,689,862 over 1y, 6.9% of budgetThe George Washington University: $1,604,879 over 4y, 0.0% of budgetIMPACTASSETSINC: $1,370,000 over 1y, 0.2% of budgetDEPRESSION AND BIPOLAR SUPPORT ALLIANCE: $893,000 over 1y, 22% of budgetPEF ISRAEL ENDOWMENT FUNDS INC: $600,000 over 2y, 0.1% of budgetEmory University: $600,000 over 1y, 0.0% of budgetCEDARS-SINAI MEDICAL CENTER: $599,998 over 1y, 0.0% of budgetTHE TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK: $599,734 over 1y, 0.0% of budgetGREAT RIVERS COMMUNITY TRUST: $575,000 over 1y, 6.0% of budgetUniversity of Chicago: $400,000 over 7y, 0.0% of budgetJEWISH NATIONAL FUND (KEREN KAYEMETH LEISRAEL) INC: $300,000 over 1y, 0.3% of budgetTHE ASPEN INSTITUTE INC: $190,000 over 1y, 0.0% of budgetGEORGETOWN UNIVERSITY: $180,048 over 1y, 0.0% of budgetNorthwestern University: $150,000 over 1y, 0.0% of budgetCATALYST DEVELOPMENT CORPORATION: $50,000 over 1y, 20% of budgetPROSTATE CANCER FOUNDATION: $23,780 over 1y, 0.0% of budgetDUKE UNIVERSITY HEALTH SYSTEM INC: $10,000 over 1y, 0.0% of budgetACTIONAID USA: $8,068 over 1y, 0.2% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Gates FoundationNational Philanthropi…American Online Givin…Donor Advised Charita…Fidelity Investments …Amazonsmile Foundation
Gates FoundationWA12.8× affinity4 shared granteesties to 5 of 5Hover any node to trace its alignments.Compare side by side →

Open a dossier: Gates Foundation · National Philanthropic Trust · American Online Giving Foundation Inc · Donor Advised Charitable Giving Inc · Fidelity Investments Charitable Gift Fund · Amazonsmile Foundation

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization The Milken Institute funds: left to right is the share of its income from government, bottom to top the share from The Milken Institute. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 10%2%6%14%25%funder's share of their income ↑0%25%50%75%100%share of the org’s income from government →median 12%
  • Massachusetts Institute of Technology: 35% of income from government
  • The Broad Institute Inc: 19% of income from government
  • Johns Hopkins University: 12% of income from government
  • Yale University: 12% of income from government
  • President and Fellows of Harvard College: 7% of income from government
no gov moneyreceives it· size = income
1get no government money at all
3report government grants on their 990 we could not trace to a source (not plotted)
0rely on government for over half their income
typical government reliance, FY20–25
How this is measured
Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.
05Through Plinth

Warm introductions · Powered by PlinthPlus

How do I get to The Milken Institute?

Find your warmest path to The Milken Institute through trustees and officers whose names appear on both boards. Search for your organization and Plinth traces the shortest route it can evidence.

Each link is a name appearing on two organizations’ public IRS 990 filings, matched on that name and, where the filings support it, on location. A same-state match has geographic support, which is a second matching feature rather than confirmation that the two are one person; a cross-state one is the likeliest to be two people who share a name. Every hop shows its tier, low-confidence and distant paths are held back rather than guessed, and it is worth confirming the person before you use the introduction.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 49 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990 e-file return for fiscal year 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

Play a game based on Milken Institute’s filings →

More from the funding graph

The unnamed billions
grants reported with no recipient in the public record
The regranting layer
51% of grant dollars land in the regranting layer
The DAF merry-go-round
$9.7B circulates between donor-advised funds
The endowment market
who holds foundation money, and what just moved
The camps
funders cluster by geography, not ideology
By state
where grant money is based, and what stays home