Compensation 990

The Milken Institute

Fiscal year ending 2022. Filed on November 15, 2023.

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 2022 IRS Form 990 filing, The Milken Institute, a 501(c)(3) charitable organization, reported compensation for 10 out of 311 total employees. Among the employees shown here, the average compensation is $547,665. The highest compensated employee at The Milken Institute is Michael L Klowden with fiscal year 2022 compensation of $844,229.

Revenue, expenses, and employee compensation

Revenue

$273,734,030

Expenses

$93,099,476

Employee compensation

$37,377,371
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

＋10.7%vs 2021
Michael L Klowden
Executive Vice Chair
$844,229
$796,662 from orgNo related comp$47,567 other
＋48.8%vs 2021
Kerry Healey
President - Mcaad
$840,959
$826,347 from orgNo related comp$14,612 other
＋15.1%vs 2021
Richard Ditizio
Chief Executive Officer and President
$816,832
$769,249 from orgNo related comp$47,583 other
＋19.5%vs 2021
Martha Mazzone
General Counsel
$488,810
$462,598 from orgNo related comp$26,212 other
＋5.4%vs 2021
John Hunter
Executive Vice President and Chief Financial Officer
$464,814
$403,677 from orgNo related comp$61,137 other
＋6.8%vs 2021
Michael Piwowar
Executive Vice President
$453,628
$392,491 from orgNo related comp$61,137 other
＋16.1%vs 2021
Esther Krofah
Executive Vice President
$446,812
$418,503 from orgNo related comp$28,309 other
＋6.4%vs 2021
Melissa Stevens
Executive Vice President
$425,282
$402,193 from orgNo related comp$23,089 other
＋63.9%vs 2016
Sarah Sandler
EXEC Dir-Business and PROG Development
$412,135
$393,947 from orgNo related comp$18,188 other
－40.4%vs 2021
Kathryn O'Reilly
EXEC Dir-Business and PROG Development
$283,147
$267,422 from orgNo related comp$15,725 other

Non-Employee Board Members

Dr Freda Lewis-Hall
Director
Dr Yvonne Chan
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

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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