Overview
What is The Milken Institute?
The Milken Institute is a renowned non-profit think tank committed to expanding global prosperity by collaboratively advancing solutions that widen access to capital, create jobs, and improve health. Based in Santa Monica, California, the organization's mission is carried out through various centers: FasterCures, which accelerates medical research solutions; the Center for Financial Markets, focusing on financial market understanding and capital access; the Milken Institute Asia Center, analyzing Asian demographic trends and capital markets; and the Center for Public Health, addressing public health challenges. Other initiatives include the Center for the Future of Aging, the Center for Strategic Philanthropy, and the Milken Scholars Program. The Milken Institute's work is nonpartisan and data-driven, aiming to bring about meaningful policy initiatives. With a staff of approximately 311 employees, the organization's reach extends beyond borders, impacting lives and strengthening societies.
Official website here: www.milkeninstitute.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 92%, Four-Star out of Four Star rating
The Milken Institute has achieved a notable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. With a perfect score in various metrics, the organization demonstrates robust governance practices, including a fully independent board and thorough audit and oversight measures. Their high program expense ratio indicates that a significant portion of their funds is directed towards their mission-driven programs.
Financially, the Milken Institute showcases impressive efficiency, boasting a fundraising efficiency ratio of $0.03, meaning they spend very little to raise funds, which is beneficial for their overall financial sustainability. Additionally, their working capital ratio of 14.36 years suggests a solid financial foundation, allowing them to plan for long-term projects and initiatives without immediate financial strain.
Despite their strengths, it's important to note that the organization's rating is based solely on accountability and finance, with no scores available for other potential areas of performance. This limitation suggests that while their financial practices are commendable, stakeholders may want to seek additional insights into their program impact and overall effectiveness in achieving their mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Milken Institute?
94% of 49 reviewers on Facebook recommend The Milken Institute. Here is a summary of their reviews:
Many users express enthusiasm about the engaging discussions and diverse range of knowledgeable speakers featured in the Institute's events. Comments highlight the quality of the debates and the insightful perspectives shared, indicating that participants find immense value in the content delivered.
Those who have interacted with the organization appreciate its mission and the thought leadership it promotes. Overall, supporters feel positive about the Institute's contributions to important discussions and its ability to attract influential voices in various fields.
This AI summary has been generated from reviews found on Facebook.
Is The Milken Institute legitimate?
The Milken Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Milken Institute submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $3,249,981
Professional Fundraising Fees: $682,228
Other Salaries and Wages: $27,337,552
For more financial information, click here
Official website here: www.milkeninstitute.org
What is the mission statement of The Milken Institute?
The Milken Institute is a non-profit, nonpartisan think tank dedicated to increasing global prosperity by advancing collaborative solutions that widen access to capital, create jobs, and improve health. Through independent, data-driven research, action-oriented meetings, and meaningful policy initiatives, the organization strives to make a significant impact on a global scale.
The Milken Institute's mission is pursued through various programs, including FasterCures, which aims to improve the medical research system by clearing roadblocks that hinder medical breakthroughs from reaching patients sooner. The Center for Financial Markets focuses on expanding access to capital, strengthening financial markets, and developing innovative financial solutions to address pressing global challenges.
The organization's work extends beyond healthcare and finance, with centers dedicated to public health, the future of aging, and strategic philanthropy. The Center for Public Health uses applied research, economics, policy, and communications to solve public health challenges, while the Center for the Future of Aging promotes healthy, productive, and purposeful aging. The Center for Strategic Philanthropy maximizes return on philanthropic investment by ensuring that innovative solutions used to address one social issue are translated to others and that best practices and metrics guide new and existing giving programs.
Official website here: www.milkeninstitute.org
Who is the CEO of The Milken Institute?
Richard Ditizio is the President - Mcaad of The Milken Institute. The CEO's salary of The Milken Institute is $769,249 and their total compensation is $816,832.
Official website here: www.milkeninstitute.org
What is the revenue of The Milken Institute?
The Milken Institute's revenue in 2022 was $273,734,030.
Official website here: www.milkeninstitute.org
Who are the executives of The Milken Institute and what are their salaries?
The average compensation at The Milken Institute during 2022 was $98,352. There are 311 employees and 10 volunteers at The Milken Institute.
Here are 20 key members and their salaries (The Milken Institute's CEO's salary is $769,249 and their total compensation is $816,832):
- Compensation: $826,347
- Related: $0
- Other: $14,612
- Compensation: $796,662
- Related: $0
- Other: $47,567
- Compensation: $769,249
- Related: $0
- Other: $47,583
- Compensation: $462,598
- Related: $0
- Other: $26,212
- Compensation: $418,503
- Related: $0
- Other: $28,309
- Compensation: $403,677
- Related: $0
- Other: $61,137
- Compensation: $402,193
- Related: $0
- Other: $23,089
- Compensation: $393,947
- Related: $0
- Other: $18,188
- Compensation: $392,491
- Related: $0
- Other: $61,137
- Compensation: $267,422
- Related: $0
- Other: $15,725
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.milkeninstitute.org
Where can I find the form 990 for The Milken Institute?
The Milken Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.milkeninstitute.org
Learn more at the official website: www.milkeninstitute.org
Mission Statement of The Milken Institute
The Milken Institute, a renowned non-profit, nonpartisan think tank, is committed to broadening access to capital, creating jobs, and enhancing health on a global scale. It achieves this mission through independent, data-driven research, action-oriented meetings, and meaningful policy initiatives.
This organization pursues its objectives by engaging in a variety of programmatic activities. The Center for Faster Cures, for instance, strives to improve the medical research system by clearing obstacles that hinder medical breakthroughs from reaching patients sooner. It aims to accelerate the progress of discovery and development of medical solutions through programs that educate stakeholders, amplify best practices, and facilitate collaboration among leaders across sectors.
The Center for Financial Markets promotes financial market understanding and works to expand access to capital. It strengthens and deepens financial markets and develops innovative financial solutions to address the most pressing global challenges. By doing so, The Milken Institute contributes to a more robust and dynamic financial landscape.
The Milken Institute's work extends beyond its centers, with each program focusing on specific areas to create a significant impact. The organization's dedication to its mission is reflected in its collaborative approach, bringing together various stakeholders and thought leaders to effect change.
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Impact
October, 2024
The Milken Institute significantly influences global prosperity by advancing solutions that broaden access to capital, foster job creation, and enhance health outcomes. Through various centers, the Institute addresses pressing challenges in multiple domains.
The FasterCures initiative streamlines the medical research landscape, facilitating quicker medical breakthroughs by bringing together stakeholders to share best practices and innovative ideas. In finance, the Center for Financial Markets enhances understanding and accessibility, aiming to deepen financial markets and develop novel financial solutions for global challenges.
Operating from the Milken Institute Asia Center in Singapore, the organization provides vital research and thought leadership on demographic trends, trade dynamics, and capital flows, thereby assisting governments and investors in navigating rapid growth in Asian markets.
In public health, the Center for Public Health collaborates with diverse sectors to tackle urgent health issues through applied research and policy advocacy. Similarly, the Center for the Future of Aging focuses on promoting healthy and purposeful aging, enhancing the quality of life across communities.
The Strategic Philanthropy Center amplifies the impact of philanthropic investments by applying innovative solutions and metrics across various social issues. The Milken Scholars Program supports academically promising students from modest to middle-income backgrounds through scholarships and mentoring, promoting educational advancement.
Additionally, the BioDiscovery Initiative funds research aimed at deepening our understanding of bipolar disorder, contributing to mental health advancement. Collectively, these efforts exemplify the Milken Institute's commitment to fostering collaborative solutions that lead to broad societal benefits.
This information is meant to be a general summary of The Milken Institute. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $19,573,125
- Program Service Revenue: $1,064,153
- Gross Receipts: $274,749,700
Assets and Liabilities:
- Total Assets: $1,093,462,243
- Total Liabilities: $77,110,984
- Net Assets: $1,016,351,259
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCES
Revenue
$1,064,090
PUBLICATIONS
Revenue
$63
Organization Details
Founding Year
1989
Phone
(310) 570-4600Principal Officer
Richard Ditizio
Main Address
1250 FOURTH STREET 2ND FLOOR, SANTA MONICA, CA, 90401
Website
www.milkeninstitute.orgNTEE Category
Code: O50 - Youth development
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