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Milken Family Foundation


Last profile update: 04/12/2018
Last grant data update: 02/16/2018

At A Glance

Milken Family Foundation

1250 4th St

Santa Monica, CA United States 90401-1366


Type of Grantmaker

Independent foundation

Additional Descriptor






Established in 1982 in CA - Founded by Lowell and Michael Milken. Michael Milken was a legendary Wall St. financier who pioneered the use of the "high-yield" bond in the 1980s. Lowell Milken is Chair. of Heron International, a London-based property development company, and Knowledge Universe, Inc., a company that is involved in early childhood education and educational programs and services. Michael Milken and his wife Lori have committed to The Giving Pledge, and have pledged to give away at least half of their wealth to philanthropy.

Purpose and Activities

The purpose of the foundation is to discover and advance inventive and effective ways of helping people help themselves and those around them lead productive and satisfying lives. The foundation advances this mission primarily through its work in education and medical research. In education, the foundation is committed to strengthening the profession by recognizing and rewarding outstanding educators, and by expanding their professional leadership and policy influence; attracting, retaining and motivating the best talent to the teaching profession; stimulating creativity and productivity among educators and students of all ages; fostering the involvement of both family and the community in schools; and helping build vibrant communities, especially by involving young people who have special needs or who live in neighborhoods considered disadvantaged, in school-based programs that contribute to the revitalization of their community and to the well-being of its residents. In medical research, the foundation is committed to advancing and supporting basic and applied medical research, especially in the areas of prostate cancer and epilepsy, and recognizing and rewarding outstanding scientists in these areas; and supporting basic health care programs to assure the well-being of community members of all ages.