The California State Capitol

Form 990-PFTax year 2024EIN 45-3190486

Lance and Hillary Milken Foundation

A private foundation in Santa Monica, CA. Its return for tax year 2024 lists 40 grants and $801,070 paid in grants.

Tax year 2024 (period ending Dec 31, 2024), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Preselected only

The return checks the box saying the foundation gives only to preselected organizations and does not accept unsolicited requests.

Assets and giving by year

5 returns on file
Grants paid by tax year. The latest year is in blue.
  • Tax year 2024

    $801,070

    Grants listed
    40
    Assets, end of year
    $13,413,123
  • Tax year 2023

    $708,550

    Grants listed
    29
    Assets, end of year
    $13,870,854
  • Tax year 2022

    $758,550

    Grants listed
    26
    Assets, end of year
    $13,404,171
  • Tax year 2021

    $706,000

    Grants listed
    15
    Assets, end of year
    $13,820,045
  • Tax year 2020

    $554,860

    Grants listed
    26
    Assets, end of year
    $11,779,771

Grants paid in 2024

40 grants, largest first

As listed on the return.

  1. Jewish Community FoundationLos Angeles, CA

    Community centers & programs

    $280,000
  2. Wilshire Boulevard TempleLos Angeles, CA

    Preschool - 12th grade programs

    $107,520
  3. The Jewish Federation of Greater Los AngelesLos Angeles, CA

    Community centers & programs

    $100,000
  4. University of PennsylvaniaPhiladelphia, PA

    Higher ed & research inst. & progs

    $83,700
  5. Milken InstituteSanta Monica, CA

    Higher ed & research inst. & progs

    $67,000
  6. Brentwood SchoolLos Angeles, CA

    Preschool - 12th grade programs

    $55,000
  7. Penn HillelPhiladelphia, PA

    Higher ed & research inst. & progs

    $18,000
  8. California Community FoundationLos Angeles, CA

    Community centers & programs

    $16,000
  9. Los Angeles BalletLos Angeles, CA

    Cultural, libraries & museums

    $11,500
  10. UCLA Mattel Childrens HospitalLos Angeles, CA

    Health care

    $10,000
  11. BABY2BABYLos Angeles, CA

    Human service programs

    $5,000
  12. City Year IncBoston, MA

    Preschool - 12th grade programs

    $5,000
  13. Organization for Social Media SafetyWest Hills, CA

    Community centers & programs

    $5,000
  14. Phase OneLos Angeles, CA

    General research

    $5,000
  15. Present NowLos Angeles, CA

    Human service programs

    $5,000
  16. Jewish Heritage ProgramsPhiladelphia, PA

    Community centers & programs

    $3,600
  17. America Israel Democracy CoalitionWynnewood, PA

    Community centers & programs

    $2,500
  18. Foundation for Living BeautyPasadena, CA

    Health care

    $2,500
  19. Visionary WomenBeverly Hills, CA

    Community centers & programs

    $2,500
  20. American Friends of Sheba Medical CenterLos Angeles, CA

    Health care

    $1,800
  21. Chabad House at PennPhiladelphia, PA

    Community centers & programs

    $1,800
  22. Cedars-Sinai Medical CenterW Hollywood, CA

    General research

    $1,500
  23. Stand Up to CancerLos Angeles, CA

    General research

    $1,500
  24. Beauty Bus FoundationLos Angeles, CA

    Human service programs

    $1,000
  25. Geffen Playhouse IncLos Angeles, CA

    Cultural, libraries & museums

    $1,000
  26. Pediatric Victory FoundationTarzana, CA

    Health care

    $1,000
  27. Sigma Delta Tau FoundationCarmel, IN

    Higher ed & research inst. & progs

    $1,000
  28. Uja-Federation of New YorkNew York, NY

    Community centers & programs

    $540
  29. Angel City SportsLos Angeles, CA

    Community centers & programs

    $500
  30. Avodah the Jewish Service Corps IncBrooklyn, NY

    Community centers & programs

    $500
  31. BREAKTHROUGHT1DTustin, CA

    General research

    $500
  32. Eric Jason Bader FoundationNew York, NY

    Community centers & programs

    $500
  33. Free 2 Be Me DanceMarina Del Rey, CA

    Cultural, libraries & museums

    $500
  34. Leukemia & Lymphoma SocietyNew York, NY

    General research

    $500
  35. The Colburn SchoolLos Angeles, CA

    Preschool - 12th grade programs

    $500
  36. United in HarmonyLos Angeles, CA

    Community centers & programs

    $500
  37. Bar Ilan University of IsraelNew York, NY

    Higher ed & research inst. & progs

    $360
  38. Childrens Hospital Los AngelesLos Angeles, CA

    Health care

    $250
  39. Epilepsy Foundation of Greater Los AngelesLos Angeles, CA

    General research

    $250
  40. Pediatric Brain Tumor Foundation of the United StatesWinston Salem, NC

    Health care

    $250

Approved for future payment

1 grant

Approved in 2024 and not yet paid.

  1. Wilshire Boulevard TempleLos Angeles, CA

    Preschool - 12th grade programs

    $200,000

Where the money goes

By cause: grants to organizations we matched to the IRS list of exempt organizations, by their category.

  1. Education3 grants $139,70044% of the total
  2. Religion3 grants $112,92036% of the total
  3. Philanthropy and grantmaking4 grants $20,5407% of the total
  4. Health9 grants $13,8004% of the total
  5. Human services5 grants $13,5004% of the total
  6. Arts and culture3 grants $13,0004% of the total
  7. 2 other causes2 grants $750<1% of the total

By State

Grants to organizations with a US address, latest year.

  1. California28 grants $687,820
  2. Pennsylvania5 grants $109,600
  3. New York5 grants $2,400
  4. Indiana1 grant $1,000
  5. North Carolina1 grant $250

Officers, directors and trustees

5 people as filed

As filed on the return, with average hours per week and pay from the foundation.

  • Lance MilkenPRESIDENT & DIRECTOR Hours 10Pay $0
  • Hillary MilkenVICE PRESIDENT & DIRECTOR Hours 5Pay $0
  • Ralph FinermanSECRETARY/TREASURER AND DIRECTOR Hours 5Pay $0
  • Michael MilkenDIRECTOR Hours 5Pay $0
  • Lori MilkenDIRECTOR Hours 5Pay $0

The return

More foundations

Similar foundations

Same main cause (education), giving between a quarter and four times this foundation’s where possible, nearby first.

  1. The Gregory and Ej Milken FoundationSanta Monica, CA 12 grants Preselected only $876,100 giving
  2. Junamici Foundation Co Michael E JungSanta Monica, CA 14 grants Preselected only $716,000 giving
  3. The Lebowitz FoundationSanta Monica, CA 11 grants Preselected only $681,500 giving
  4. Fite Family FoundationSanta Monica, CA 17 grants Preselected only $1,028,850 giving
  5. Bagnard Family FoundationSanta Monica, CA 14 grants Preselected only $621,000 giving