Milken Institute

What it reported doing in 2024

The milken institute pursues its mission through a range of programmatic activities in our centers.mi health-fastercures works to improve the medical research system-- to clear roadblocks that prevent medical breakthroughs from reaching patients sooner. Its mission is to accelerate the progress of discovery and development of medical solutions through programs that educate stakeholders, amplify best practices, and create opportunities for leaders across sectors to come together and effect change.the mi finance promotes financial market understanding and works to expand access to capital, strengthen - and deepen - financial markets, and develop innovative financial solutions to the most pressing global challenges.the milken institute asia center, based in singapore, analyzes the demographic trends, trade relationships and capital flows that will define the future. It provides research and thought leadership that can assist governments, investors and industry as the asian capital markets and industries rapidly expand.mi health-public health uses applied research, economics, policy and communications to solve public health challenges. Cph reaches out, convenes and collaborates with like-minded institutions and thought leaders in business, government, philanthropy, education and the media to shape system-level solutions to the world's most urgent health challenges.the mission of mi health-future of aging is to improve lives and stregthen societies by promoting healthy, productive and purposeful aging.the mi philanthropy works to maximize return on philanthropic investment by ensuring that innovation used to address one social issue is translated to another, best practices and metrics guide new and existing giving programs, and resources are invested to optimize outcomes.milken scholars program provides scholarship support, extensive training and mentoring to college students who are generally of modest to middle income and are selected after a rigorous process. The program was approved as a scholarship granting program by the internal revenue service while it was operated by milken family foundation.bd2 was founded to provide funding to support academic and medical researchers to further learning related to bipolar disorder.

Financial Efficiency

• Mission deployment rate: 40.1%; rating input score 40
• Program expense ratio: 90.8%; rating input score 91
• Fundraising efficiency: $66.74 raised per $1 spent on fundraising; rating input score 79; 79th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: 2 of 8 controls in place; rating input score 25
  • Claims monitoring procedures: Pass
  • Requires narrative reports: Fail
  • Conducts field audits: Fail
  • May suspend future funding: Fail
  • Requires financial reports: Fail
  • Conducts site visits: Fail
  • Requires grant agreements: Pass
  • May require repayment: Fail
• Grant itemization coverage: 100%; rating input score 100; 51st percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 83.3%; rating input score 83; 31st percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 61.1%; rating input score 97; 97th percentile among comparable filings
• Total-asset coverage ratio: 10.08; rating input score 91; 91st percentile among comparable filings
• Liabilities to assets ratio: 0.12; rating input score 80; 80th percentile among comparable filings
• Officer compensation ratio: 3%; rating input score 37; 37th percentile among comparable filings

Growth

• Program expense growth: 13.3% per year; rating input score 100; 84th percentile among comparable filings
• Revenue growth: 15% per year; rating input score 100; 89th percentile among comparable filings
• Asset growth: 19.8% per year; rating input score 100; 93rd percentile among comparable filings