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Not to be confused with Milken Institute School of Public Health.
The Milken Institute
Formation1991; 35 years ago (1991)
FounderMichael Milken
TypeEconomic Think tank
HeadquartersSanta Monica, California, United States
Region served
Global
LeaderMichael Milken (Chairman)
Revenue$47,638,129[1] (2016)
Expenses$42,559,621[1] (2016)
Websitewww.milkeninstitute.org

The Milken Institute is an American independent, nonpartisan economic think tank based in Santa Monica, California, with offices in Washington, D.C., New York, Miami, London, Abu Dhabi, and Singapore. It publishes research and hosts conferences that apply market-based principles and financial innovations to social issues in the United States and internationally. The institute is a 501(c)(3) nonprofit organization[2] and presents itself as non-ideological.[3][4]

History

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The institute was founded in 1991 by Michael Milken,[5] a former Drexel Burnham Lambert banker who achieved financial success as a pioneer of "junk bonds,"[6] but attracted notoriety due to his subsequent felony conviction and prison sentence for U.S. securities law violations.[7][8] Milken formalized his philanthropic giving by founding the institute, with a mission to “increase global prosperity by advancing collaborative solutions that widen access to capital, create jobs, and improve health[9]."[10] Milken's philanthropic endeavors also include the Milken Family Foundation and the Prostate Cancer Foundation.[11] The latter was founded in 1993 after Milken's own prostate cancer diagnosis.[12]

Research and events

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The Milken Institute's work is organized around four pillars: finance, health, strategic philanthropy[13], and the international arm of the Institute.The institute has published studies relating to human capital, access to capital, financial structures and innovations, regional economics, healthcare economics, and medical research.[14][15][16] It hosts a series of conferences, financial innovation labs[17], forums, and private events. The Milken Institute hosts several events[18] on annual basis, including regional summits like the Asia Summit[19] and the Middle East and Africa (MEA[20]) Summit, as well as regional investors' symposiums. The Global Investors' Symposium series of events have taken place in Hong Kong[21][22], Sao Paulo[23], and Mexico City. Other Milken Institute annual events are the Global Conference, the Future of Health Summit, and the Future of Finance (previously called the Finance Forum). The Milken Institute Global Conference,[24] first held in 1998, is an annual forum focused on economic and social issues.[25][26] Speakers include figures from business, finance, government, education, and sports. The institute also hosts an annual State of the State Conference, which examines major issues facing the state of California with Milken joining elected officials in the state as a host speaker.[27]

Finance

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Milken Institute Finance is a division of the Milken Institute dedicated to addressing challenges across the financial system through thought leadership, research, and data-driven insights. Its work seeks to influence private-sector practices and public-sector policies with the goal of improving fair access[28][29], efficiency, and reliability across markets and institutions.

The division operates through six portfolio areas: 10,000 Communities[30]; Financial Innovations Labs; FinTech[31] and Innovation; Geo-Economics, Climate Resilience[32], and Innovation; Inclusive Capitalism[33][34]; and Lifetime Financial Security[35][36].

The Institute publishes new research regularly. A feature of the Milken Institute research is recurring indices: Best-Performing Cities[37][38] US, Global Opportunity Index[39][40][41], and Best-Performing Cities China[42][43].

Health

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Milken Institute Health is a division of the Milken Institute focused on advancing research[44], policy[45], and programs to address complex health challenges in the United States and globally. Its work spans four primary areas: biomedical innovation[46], public health, healthy aging[47], and food systems[48], with an emphasis on identifying promising practices and scaling evidence-based solutions to improve health outcomes and resilience.

The division operates through four distinct portfolios: FasterCures[49], Feeding Change[50][51], Future of Aging[52], and Public Health[53][54]. In addition to portfolio-specific work, Milken Institute Health engages in cross-cutting initiatives[55] that address challenges requiring integrated, multi-sector approaches.

Its work is characterized by a research-driven methodology and a commitment to cross-sector collaboration[56][57], connecting policymakers, researchers, and practitioners to accelerate the development and adoption of scalable health solutions.

Strategic Philanthropy

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Milken Institute Strategic Philanthropy[58] is a division of the Milken Institute that works to address persistent societal challenges by equipping individuals and foundations with the insights and tools needed to develop giving strategies, implement philanthropic programs[59], and foster collaboration[60] toward a more equitable world.

The division's work is organized into three workstreams: Environmental and Social Innovation[61]; Pathways to Strategic Philanthropy; and the Science Philanthropy Accelerator for Research and Collaboration (SPARC)[62].

International

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Milken Institute International is a division of the Milken Institute focused on connecting global markets through regional convenings and research to develop locally grounded, globally informed solutions. The division extends the Institute's reach through strategic engagement across five regions: Africa[63], the Asia-Pacific, Europe[64], Latin America, and the Middle East.

Tax policy

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The institute has held several events regarding opportunity zones created by the Tax Cuts and Jobs Act of 2017. In May 2018, Treasury Secretary Steven Mnuchin instructed his staff to accept a non-low-income tract in Storey County, Nevada as an Opportunity Zone shortly after attending an Institute event in Beverly Hills with Michael Milken.[65] Milken was already an investor in the Nevada tract.[65] In August 2018, Mnuchin attended an Institute conference on opportunity zones in the Hamptons with Milken and later accepted a flight to Los Angeles with Milken on his private jet.[65] Treasury later issued a regulatory guidance at the institute's request that allows prior investors to benefit from newly designated opportunity zones.[65]

2024 Global Conference

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In May 2024, the Milken Institute held its 27th Global Conference in Los Angeles, focusing on topics such as geopolitical tensions, climate change, and artificial intelligence.[66][67] Notable speakers included Javier Milei, President of Argentina; Queen Rania of Jordan; former U.S. President Bill Clinton; Kristalina Georgieva, Managing Director of the International Monetary Fund; and former Prime Minister of the United Kingdom Theresa May. Asha Jadeja, founder of the Motwani Jadeja Foundation, was also a speaker, addressing themes related to India's economic emergence (the foundation was among the sponsors of the event).[68][69][70][71]

Milken Scholars Program

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The Milken Scholars Program is a joint initiative between the Milken Institute and the Milken Family Foundation. The program was founded in 1989. More than 600 Milken Scholars have been selected from more than 100 high schools in Los Angeles County[72], New York City and Washington, DC[73].

Milken Center for Advancing the American Dream

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In September 2025, Milken opened the Milken Center for Advancing the American Dream (MCAAD) in Washington, D.C., combining five buildings on 15th Street next to the White House.[74][75][76] An interactive museum, MCAAD's exhibits and galleries feature artists, entrepreneurs, and innovators in health and education, among others. The museum also highlights the U.S. financial system.[77] In 2026, MCAAD was honored as one of USA Today's 10 Best New Museums[78].

The center recently announced the opening of special exhibits to celebrate America's 250th anniversary. [79]

See also

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References

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  1. ^ a b "The Milken Institute" (PDF). Foundation Center. Retrieved 2 August 2019.
  2. ^ "Charity Navigator - Rating for The Milken Institute". www.charitynavigator.org. Retrieved 2026-03-24.
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  5. ^ "Michael Milken | The Economic Club of Washington DC". www.economicclub.org. Retrieved 2025-11-12.
  6. ^ "The story of Michael Milken: the Junk Bond King | The Gentleman's Journal". www.thegentlemansjournal.com. Retrieved 2025-11-12.
  7. ^ "Michael Milken legacy in dispute, pardon or not. Category: Page One from The Berkeley Daily Planet – Monday January 22, 2001". 2010-07-18. Archived from the original on 2010-07-18. Retrieved 2022-11-10.
  8. ^ "Michael Milken: The Junk Bond King - Case - Faculty & Research - Harvard Business School". www.hbs.edu. Retrieved 2025-11-12.
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  10. ^ "Milken conference celebrates capitalism amid a rising tide of inequality". Los Angeles Times. 2019-04-27. Retrieved 2025-11-12.
  11. ^ Cavallo, Jo (September 25, 2023). "Accelerating Progress Against Cancer and Other Life-Threatening Diseases". ASCO Post. Retrieved March 24, 2026.
  12. ^ "Prostate Cancer Foundation". Philanthropy Roundtable. Retrieved 2026-03-24.
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  14. ^ Kingson, Jennifer A. (2024-02-06). "First on Axios: The best-performing U.S. cities". Axios. Retrieved 2025-11-12.
  15. ^ "Fulfilling the Promise of Bioscience: Report From Milken Institute Outlines Steps for Overcoming Barriers to Innovation in Medical Research". BioSpace. 2012-05-23. Retrieved 2025-11-12.
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  27. ^ Wells, Jane (2011-10-14). "California Woes: Gov. Brown, Milken Offer Their Fixes". CNBC. Retrieved 2025-11-12.
  28. ^ "Could Trump Accounts be the Best College Savings Option?". Kiplinger. 2025-06-23. Retrieved 2026-03-24.
  29. ^ Bienfang, Caroline (2026-03-05). "Invest America Accounts: A New Path to Wealth Equality". Worth. Retrieved 2026-03-24.
  30. ^ "10K Communities Initiative". Retrieved 2026-03-24.
  31. ^ Bignell, Francis (2025-07-16). "Facilitating Access to Finance in Underserved Communities Through Digital Banking". The Fintech Times. Retrieved 2026-03-24.
  32. ^ "The Milken Institute Moves Climate to the Top of its Priority List". Worth. 2025-09-11. Retrieved 2026-03-24.
  33. ^ Jayaraman, T. Vishnudatta (2026-03-04). "Sen. Angela Alsobrooks Highlights Economic Opportunity, Small Business Support, and HBCUs at Milken Institute Finance Conference". South Asian Herald. Retrieved 2026-03-24.
  34. ^ "N.C. A&T Student Accepted into Inaugural Milken Institute HBCU Strategic Initiative Cohort". www.ncat.edu. Retrieved 2026-03-24.
  35. ^ "Cheryl Evans | Director of Lifetime Financial Security". Worth. Retrieved 2026-03-24.
  36. ^ "Plan sponsors, government should highlight Social Security early, expert says". www.pionline.com. Retrieved 2026-03-24.
  37. ^ Smith-Schoenwalder, Cecelia (Jan 27, 2026). "Here Are the 'Best-Performing' Cities in the U.S." U.S. News and World Report. Retrieved March 24, 2026.
  38. ^ "Why this booming southern Utah city now claims the No. 1 spot in national 'best performing cities' ranking". The Salt Lake Tribune. Retrieved 2026-03-24.
  39. ^ Nation, The. "Thailand ranks 2nd in Asia, 37th globally, in Global Opportunity Index". Retrieved 2026-03-24.
  40. ^ "Europe's FDI appeal in 2025 remains strong, says think tank". www.fdiintelligence.com. Retrieved 2026-03-24.
  41. ^ "Chile is Latin America's most attractive country for foreign investment". blog.investchile.gob.cl. Retrieved 2026-03-24.
  42. ^ "Haikou crowned top Chinese city". www.thestandard.com.hk. Retrieved 2026-03-24.
  43. ^ "Hangzhou Leads China's Top Cities In High-Tech Transformation". finimize. September 4, 2024. Retrieved 2026-03-24.
  44. ^ "Esther Krofah Convenes Cancer 2035 Event to Shape the Next Era of Cancer Research - OncoDaily". oncodaily.com. 2026-03-06. Retrieved 2026-03-24.
  45. ^ "The FDA's Big Shift". WP Intelligence. 2026-01-08. Retrieved 2026-03-24.
  46. ^ "Accelerating Research and Development to Save Lives - Esther Krofah". www.urotoday.com. Retrieved 2026-03-24.
  47. ^ Mitchell, Madeline. "Caregiving pulled these women out of the workforce, then gave them new careers". USA TODAY. Retrieved 2026-03-24.
  48. ^ Kellogg, Grace (2025-07-14). "Nutrition Healthcare is the Future of Employee Health". Food Tank. Retrieved 2026-03-24.
  49. ^ "Maintaining Trust Between Clinical Researchers And Communities Requires Commitment & Candor". www.clinicalleader.com. Retrieved 2026-03-24.
  50. ^ Inklebarger, Timothy (2026-03-24). "Collaboration, not capital, is driving the next wave of food innovation". FoodNavigator-USA.com. Retrieved 2026-03-24.
  51. ^ Nierenberg, Danielle (2025-12-29). "126 Food and Ag Organizations to Watch in 2026". Food Tank. Retrieved 2026-03-24.
  52. ^ Costa, Dan (2025-06-19). "Diane Ty on Closing Healthspan and Wealthspan Gaps". Worth. Retrieved 2026-03-24.
  53. ^ Minemyer, Paige (2024-05-07). "How employers can change the paradigm for obesity care". www.fiercehealthcare.com. Retrieved 2026-03-24.
  54. ^ Leidos. "Leidos and Milken Institute Team Up to Combat Addiction and Improve Mental Health". www.prnewswire.com. Retrieved 2026-03-24.
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  56. ^ "UCLA Health partners with the Milken Institute to advance women's health | UCLA Health". www.uclahealth.org. Retrieved 2026-03-24.
  57. ^ Velir. "Milken Institute Partners with Digital Agency, Velir x Brooklyn Data, to Launch First-of-Its-Kind Women's Health Network Digital Platform". www.prnewswire.com. Retrieved 2026-03-24.
  58. ^ "Skoll | Melissa Stevens". Retrieved 2026-03-24.
  59. ^ "Milken Institute, Baszucki Brain Research Fund launch fund for bipolar disorder research". EurekAlert!. Retrieved 2026-03-24.
  60. ^ Stevens, Melissa (2023-02-15). "Why widespread philanthropic coordination is so elusive: Lessons from the sector". Alliance magazine. Retrieved 2026-03-24.
  61. ^ "$2M Milken-Motsepe Prize Targets AI and Manufacturing to Boost Africa's Industrial Future - iAfrica.com". 2025-07-05. Retrieved 2026-03-24.
  62. ^ Goldwasser, Max (2026-02-26). "Coronado teen loses sight at 13 to rare disease, finds new purpose running track". ABC 10 News San Diego KGTV. Retrieved 2026-03-24.
  63. ^ Akwagyiram, Alexis (Feb 13, 2026). "Investors bet on AI mining to win Africa minerals scramble". Semafor. Retrieved March 23, 2026.
  64. ^ "Milken Institute: Forging Partnerships to Accelerate European Defence Readiness". securityconference.org. Retrieved 2026-03-24.
  65. ^ a b c d Lipton, Eric; Drucker, Jesse (27 October 2019). "Symbol of '80s Greed Stands to Profit From Trump Tax Break for Poor Areas". The New York Times. p. A1. Retrieved 1 November 2019.
  66. ^ "Milken Institute Announces Key Initiatives at the 2024 Global Conference to Shape the Future of Health". Archived from the original on 2024-05-09. Retrieved 2025-04-09.
  67. ^ "Business Leaders and Industry Experts Join Top Policymakers to Address Pivotal Issues in Health Globally at the Milken Institute 2024 Future of Health Summit". Archived from the original on 2024-11-15. Retrieved 2025-04-09.
  68. ^ "At Milken Global Conference, Bradway Calls for Protecting U.S. Policy Ecosystem That Fosters Innovation". Archived from the original on 2025-01-24. Retrieved 2025-04-09.
  69. ^ "Milken Institute Global Conference 2024 Live Blog". Pensions & Investments. 2024-05-03. Retrieved 2025-04-09.
  70. ^ "Asha Jadeja to Headline at 2024 Milken Institute Global Conference". Newswire. Retrieved 28 March 2025.
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  72. ^ "Eleven students in LA County receive $10,000 Milken scholarships to pay for college". Daily News. 2025-08-01. Retrieved 2026-03-24.
  73. ^ Ronan, Dan (2025-06-20). "'I really found my spark': Four DC high school students chosen as Milken Scholars". WTOP News. Retrieved 2026-03-24.
  74. ^ Dil, Cuneyt (2025-09-19). "A museum about the American Dream is opening next to the White House". Axios. Retrieved 2025-11-12.
  75. ^ "The Notorious 'Junk Bond King' Michael Milken Is Opening a Museum Dedicated to the American Dream in Washington, DC". Artnet News. 2020-11-06. Retrieved 2025-11-12.
  76. ^ Coates, Charlotte. "NeoPangea | immersive exhibits American Dream Experience | blooloop". blooloop.com. Retrieved 2025-11-12.
  77. ^ "On Pennsylvania Ave., Michael Milken's Curious Temple to the American Dream". 2025-09-27. Retrieved 2025-11-12.
  78. ^ "Milken Center for Advancing the American Dream: 2026 USA TODAY 10BEST Readers' Choice Awards". 10best.usatoday.com. Retrieved 2026-03-24.
  79. ^ "Milken Center for Advancing the American Dream Opens Three New Exhibitions Honoring America's 250th Anniversary". March 13, 2026. Retrieved March 24, 2026.
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