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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations The Milken Institute

The Milken Institute

Fiscal year ending 2021. Filed on November 15, 2022.

1250 Fourth Street 2nd Floor
Santa Monica, California 90401

The Milken Institute (EIN: 95-4240775) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2021 IRS Form 990 filing, The Milken Institute, a 501(c)(3) charitable organization, reported compensation for 11 out of 231 total employees. Among the employees shown here, the average compensation is $485,826. The highest compensated employee at The Milken Institute is Michael L Klowden with fiscal year 2021 compensation of $762,678.

Revenue, expenses, and employee compensation

Revenue

$317,370,742

Expenses

$64,582,177

Employee compensation

$31,028,599
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Michael L Klowden
Chief Executive Officer
$762,678
$723,033 No related comp$39,645
Richard Ditizio
President and Chief Operating Officer
$709,669
$669,905 No related comp$39,764
Kerry Healey
President - Mcaad
$565,153
$550,541 No related comp$14,612
Kathryn O'Reilly
EXEC Dir-Business and PROG Development
$475,045
$424,971 No related comp$50,074
John Hunter
Executive Vice President and Chief Financial Officer
$440,844
$390,667 No related comp$50,177
Michael Piwowar
EXEC Dir-Ctr for Financial Markets
$424,658
$374,481 No related comp$50,177
Kevin Klowden
EXEC Dir-Ctr for Regional Economics
$414,313
$364,136 No related comp$50,177
Martha Mazzone
COO and General Counsel - Mcaad
$409,153
$383,141 No related comp$26,012
Melissa Stevens
EXEC Dir-Ctr for Strategic Philanthropy
$399,674
$377,015 No related comp$22,659
Esther Krofah
EXEC Dir-Fastercures and CTR for Public Health
$384,829
$357,084 No related comp$27,745
Paul Irving
Chairman-Ctr for the Future of Aging
$358,073
$318,412 No related comp$39,661

Benchmark Employee Compensation

Non-Employee Board Members

Dr Freda Lewis-Hall
Director
Dr Yvonne Chen
Director
Gregory Milken
Director
Kneeland Youngblood
Director
Lance Milken
Director
Lori Milken
Director
Mariano Guzman
Director
Michael Milken
Chair
Ralph Finerman
Treasurer
Richard Sandler
Secretary

Contractors

The John Akridge Company
Construction and Property Management
$58,141,605
Shalom Baranes Associates
Architectural Consulting
$2,805,746
Video Applications Inc. Dba World Stage
Event Production
$2,136,827
Vision Matrix Productions Inc.
Event Production
$2,126,545
The Milken Family Foundation
Event Production
$1,866,762

Mission Statement

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.

Revisions to this organization profile

November 17, 2025:
2024 The Milken Institute 990 filed
November 15, 2024:
2023 The Milken Institute 990 filed
November 15, 2023:
2022 The Milken Institute 990 filed

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