California · Nonprofit
THE MILKEN INSTITUTE
THE MILKEN INSTITUTE (California) receives grants from 204 organizations whose IRS filings report $245,212,841 to it, the largest being DAUTEN FAMILY FOUNDATION ($70,769,065). 95 of them have funded it in more than one year.
- Revenue FY2024
- $389M
- Funders on record
- 204
- Grants received
- $245M
- Net assets
- $1.3B
What The Milken Institute does
Mission
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. We do this through independent, data-drive research, action-oriented meetings and meaningful policy initiatives.
As stated on its FY2024 Form 990.
Programs
The Milken Institute pursues its mission through a range of programmatic activities in our centers.mi health-fastercures works to improve the medical research system-- to clear roadblocks that prevent medical breakthroughs from reaching patients sooner. Its mission is to accelerate the progress of discovery and development of medical solutions through programs that educate stakeholders, amplify best practices, and create opportunities for leaders across sectors to come together and effect change.the mi finance promotes financial market understanding and works to expand access to capital, strengthen - and deepen - financial markets, and develop innovative financial solutions to the most pressing global challenges.The Milken Institute asia center, based in singapore, analyzes the demographic trends, trade relationships and capital flows that will define the future. It provides research and thought leadership that can assist governments, investors and industry as the asian capital markets and industries rapidly expand.mi health-public health uses applied research, economics, policy and communications to solve public health challenges. Cph reaches out, convenes and collaborates with…
$117,305,825 spentof which $52,388,884 as grants85% of program spendingThe Milken Institute actively engages and educates leaders in business, seminars and conferences related to its charitable purpose. These include: global conference, future of health summit, asia summit, middle east and africa summit. The senior staff and fellows speak regularly at events across the united states and around the world. They are available for speaking at conferences and seminars on a variety of topics.
$17,669,742 spent$3,191,045 earned by the program13% of program spendingThe Milken Institute pursues its mission through applied economic research and publishes The Milken Institute review - a quarterly magazine that provides a forum for analysis and commentary on u.s. And global economic policy and practice.
$2,530,641 spent2% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $137,506,208.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $1.2B to $1.5B (+23%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Michael Milken
Chairman
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 37 funders to 76 funders, grant income rose $4.0M → $29M.
33 of 204 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 40% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $48M from 5 payers (the payer shares this organization's board, largest The Michael and Lori Milken Family Foundation). These are real filings, and they are not money THE MILKEN INSTITUTE raised.
From the IRS filings of THE MILKEN INSTITUTE’s funders (the co-funder graph). Top 30 of 204 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
THE MILKEN INSTITUTE has a broad base — no single funder exceeds 29% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
45% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THE MILKEN INSTITUTE.
Largest funder’s share by year: 2017 25% · 2018 35% · 2019 29% · 2020 27% · 2021 22% · 2022 45% · 2023 32% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
28% of THE MILKEN INSTITUTE's funders are still giving 3 years after their first grant; 47% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
THE MILKEN INSTITUTE draws 74% of its grant income from funders outside California, across 27 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $99M arriving through sponsors registered in 17 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Government funding THE MILKEN INSTITUTE receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $1.2M on record — $1.2M federal, $25 state.
- Department of Commerce$500k
- Department of Health and Human Services$333k
- Department of Justice$193k
- Small Business Administration$150k
- Agency for International Development$25k
- FEDERAL$25
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like THE MILKEN INSTITUTE
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In California
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
91% of spending goes to programs.
Governance
Public support
70%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 36 states
Part of a family of 8 related entities
- Milken Center for Advancing the American Dream LLC · disregarded
- Fotp LLC · disregarded
- Bd2 LLC · disregarded
- Fmf Realty Corp · exempt
- Melanoma Research Alliance Foundation · exempt
Screen this organization
A dated, signed PDF of the compliance screen for THE MILKEN INSTITUTE: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds THE MILKEN INSTITUTE?
- THE MILKEN INSTITUTE (California) receives grants from 204 organizations whose IRS filings report $245,212,841 to it, the largest being DAUTEN FAMILY FOUNDATION ($70,769,065). 95 of them have funded it in more than one year.
- How many funders does THE MILKEN INSTITUTE have?
- IRS filings report 204 organizations giving $245,212,841 in grants to THE MILKEN INSTITUTE, 95 of which have funded it in more than one year.
- Who is the largest funder of THE MILKEN INSTITUTE?
- DAUTEN FAMILY FOUNDATION is the largest funder on record, with $70,769,065 in grants. The full list of funders is on this page.
- How can an organization like THE MILKEN INSTITUTE find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in California. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 204 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing