Brothers Lowell and Michael Milken are active in business through their financial activities and the Milken Institute. Besides business, they have a philanthropic part of the operations organized through the Milken Family Foundation.
Their foundation is focused on helping and donating to programs from the education and medical sectors. From the latest 990 filing on October 16 2024, the foundation reported expenses of $9.8 million, net income of $-4.7 million, and book value net assets of $98.9 million. Total revenue for 2023 was $5 million.
The foundation earned $170 thousand from interest on savings and temporary cash investments and $2.5 million from sales of assets. In the report, the foundation noted a capital gain of...
