Lance and Hillary Milken Foundation
Preselected recipients only
Lance and Hillary Milken Foundation is a private foundation in Santa Monica, California. In tax year 2024 it gave $801,070 in 40 grants; the typical grant was $1,800 and the largest $280,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$801,070
- Number of grants40
- Typical grant$1,800
- Largest grant$280,000
- Assets$16.1 million
- New grantees53%
Giving in 2024 was up from $708,550 the year before.
53% of its 2024 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $708,550 | 29 | $15.9 million |
| 2024 | $801,070 | 40 | $16.1 million |
How to apply
Lance and Hillary Milken Foundation says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What Lance and Hillary Milken Foundation funds
Where it gives
Its grants went to recipients in 5 states, the most to California.
| State | Grants | Amount |
|---|---|---|
| California | 28 | $687,820 |
| Pennsylvania | 5 | $109,600 |
| New York | 5 | $2,400 |
| Indiana | 1 | $1,000 |
| North Carolina | 1 | $250 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Jewish Community Foundation | Community centers & programs | $280,000 |
| Wilshire Boulevard Temple | Preschool - 12th grade programs | $107,520 |
| The Jewish Federation of Greater Los Angeles | Community centers & programs | $100,000 |
| University of Pennsylvania | Higher ed & research inst. & progs | $83,700 |
| Milken Institute | Higher ed & research inst. & progs | $67,000 |
| Brentwood School | Preschool - 12th grade programs | $55,000 |
| Penn Hillel | Higher ed & research inst. & progs | $18,000 |
| California Community Foundation | Community centers & programs | $16,000 |
| Los Angeles Ballet | Cultural, libraries & museums | $11,500 |
| UCLA Mattel Childrens Hospital | Health care | $10,000 |
| BABY2BABY | Human service programs | $5,000 |
| City Year Inc | Preschool - 12th grade programs | $5,000 |
| Organization for Social Media Safety | Community centers & programs | $5,000 |
| Phase One | General research | $5,000 |
| Present Now | Human service programs | $5,000 |
| Jewish Heritage Programs | Community centers & programs | $3,600 |
| America Israel Democracy Coalition | Community centers & programs | $2,500 |
| Foundation for Living Beauty | Health care | $2,500 |
| Visionary Women | Community centers & programs | $2,500 |
| American Friends of Sheba Medical Center | Health care | $1,800 |
| Chabad House at Penn | Community centers & programs | $1,800 |
| Cedars-Sinai Medical Center | General research | $1,500 |
| Stand Up to Cancer | General research | $1,500 |
| Beauty Bus Foundation | Human service programs | $1,000 |
| Geffen Playhouse Inc | Cultural, libraries & museums | $1,000 |
| Pediatric Victory Foundation | Health care | $1,000 |
| Sigma Delta Tau Foundation | Higher ed & research inst. & progs | $1,000 |
| Uja-Federation of New York | Community centers & programs | $540 |
| Angel City Sports | Community centers & programs | $500 |
| Avodah the Jewish Service Corps Inc | Community centers & programs | $500 |
| BREAKTHROUGHT1D | General research | $500 |
| Eric Jason Bader Foundation | Community centers & programs | $500 |
| Free 2 Be Me Dance | Cultural, libraries & museums | $500 |
| Leukemia & Lymphoma Society | General research | $500 |
| The Colburn School | Preschool - 12th grade programs | $500 |
| United in Harmony | Community centers & programs | $500 |
| Bar Ilan University of Israel | Higher ed & research inst. & progs | $360 |
| Childrens Hospital Los Angeles | Health care | $250 |
| Epilepsy Foundation of Greater Los Angeles | General research | $250 |
| Pediatric Brain Tumor Foundation of the United States | Health care | $250 |
Officers and trustees
- Lance Milken
- Hillary Milken
- Ralph Finerman
- Michael Milken
- Lori Milken
Questions people ask
Does Lance and Hillary Milken Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Lance and Hillary Milken Foundation give?
$801,070 in tax year 2024, across 40 grants, with a typical grant of $1,800.
Who runs Lance and Hillary Milken Foundation?
Its 2024 filing lists Lance Milken (President & Director), Hillary Milken (Vice President & Director), Ralph Finerman (Secretary/Treasurer and Director) and Michael Milken (Director) among 5 officers and trustees.
What does Lance and Hillary Milken Foundation fund?
Based on its grants, mainly faith communities, community development and education.