Milken Institute
{{Short description|Economic think tank based in California, US}}
{{Distinguish|Milken Institute School of Public Health}}
{{cleanup-PR|1=article|date=April 2018}}
{{Infobox organization
| name = The Milken Institute
| image_border =
| size = 250px
| alt = The Milken Institute
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| formation = {{start date and age|1991}}
| logo = Milken Institute logo.svg
| extinction =
| type = Economic Think tank
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| purpose =
| headquarters = Santa Monica, California, United States
| location =
| region_served = Global
| membership =
| founder = Michael Milken
| leader_name = Michael Milken (Chairman)
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| revenue = $47,638,129{{cite web | url=http://990s.foundationcenter.org/990_pdf_archive/954/954240775/954240775_201612_990.pdf | title=The Milken Institute | website=Foundation Center | access-date= 2 August 2019 }}
| revenue_year = 2016
| expenses_year = 2016
| website = [http://www.milkeninstitute.org www.milkeninstitute.org]
| remarks =
}}
The Milken Institute is an independent economic think tank based in Santa Monica, California, with offices in Washington, D.C., New York, Miami,{{Cite web |title=Milken Institute Expands Presence into South Florida |url=https://milkeninstitute.org/article/milken-institute-expands-presence-south-florida |access-date=2022-07-20 |website=milkeninstitute.org |language=en}} London,{{Cite web |title=Milken Institute Looks to Grow Presence in Europe and the UK |url=https://milkeninstitute.org/article/milken-institute-grow-europe-uk |access-date=2022-07-20 |website=milkeninstitute.org |language=en}} Abu Dhabi, and Singapore. It publishes research and hosts conferences that apply market-based principles and financial innovations to social issues in the US and internationally. The institute is a 501(c)(3) nonprofit organization and presents itself as nonpartisan and non-ideological.
History
The institute was founded in 1991 by Michael Milken, a former Drexel Burnham Lambert banker who gained notoriety for significant financial success as a pioneer of "junk bonds" as well as his subsequent felony conviction and prison sentence for U.S. securities law violations.{{Cite web|date=2010-07-18|title=Michael Milken legacy in dispute, pardon or not. Category: Page One from The Berkeley Daily Planet – Monday January 22, 2001|url=http://www.berkeleydaily.org/issue/2001-01-22/article/3103?headline=Michael-Milken-legacy-in-dispute-pardon-or-not|access-date=2022-11-10|archive-url=https://web.archive.org/web/20100718022040/http://www.berkeleydaily.org/issue/2001-01-22/article/3103?headline=Michael-Milken-legacy-in-dispute-pardon-or-not |archive-date=2010-07-18 }}[https://www.sec.gov/news/digest/1990/dig042490.pdf SEC government newsletter of April 24, 1990]
Research
The institute has published studies relating to human capital, access to capital, financial structures and innovations, regional economics, healthcare economics and medical research. It hosts a series of conferences including two annual conferences, a variety of financial innovation labs and a series of forums and private events. The Milken Institute Global Conference, first held in 1998, is an annual forum focused on economic and social issues. 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.
=Tax policy=
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.{{cite news |last1=Lipton |first1=Eric |author-link1= Eric Lipton |last2=Drucker |first2=Jesse |title=Symbol of '80s Greed Stands to Profit From Trump Tax Break for Poor Areas |url=https://www.nytimes.com/2019/10/26/business/michael-milken-trump-opportunity-zones.html |access-date=1 November 2019 |work=The New York Times |date=27 October 2019 |page=A1}} Milken was already an investor in the Nevada tract. 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. Treasury later issued a regulatory guidance at the institute's request that allows prior investors to benefit from newly designated opportunity zones.
= 2024 Global Conference =
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.{{Cite news |title=Milken Institute Announces Key Initiatives at the 2024 Global Conference to Shape the Future of Health |url=https://www.businesswire.com/news/home/20240507245811/en/Milken-Institute-Announces-Key-Initiatives-at-the-2024-Global-Conference-to-Shape-the-Future-of-Health |archive-url=http://web.archive.org/web/20240509131412/https://www.businesswire.com/news/home/20240507245811/en/Milken-Institute-Announces-Key-Initiatives-at-the-2024-Global-Conference-to-Shape-the-Future-of-Health |archive-date=2024-05-09 |access-date=2025-04-09 |language=en}}{{Cite news |title=Business Leaders and Industry Experts Join Top Policymakers to Address Pivotal Issues in Health Globally at the Milken Institute 2024 Future of Health Summit |url=https://www.businesswire.com/news/home/20241113184877/en/Business-Leaders-and-Industry-Experts-Join-Top-Policymakers-to-Address-Pivotal-Issues-in-Health-Globally-at-the-Milken-Institute-2024-Future-of-Health-Summit |archive-url=http://web.archive.org/web/20241115054731/https://www.businesswire.com/news/home/20241113184877/en/Business-Leaders-and-Industry-Experts-Join-Top-Policymakers-to-Address-Pivotal-Issues-in-Health-Globally-at-the-Milken-Institute-2024-Future-of-Health-Summit |archive-date=2024-11-15 |access-date=2025-04-09 |language=en}} 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.{{Cite news |title=At Milken Global Conference, Bradway Calls for Protecting U.S. Policy Ecosystem That Fosters Innovation |url=https://www.amgen.com/stories/2024/05/at-milken-global-conference-bradway-calls-for-protecting-u-s--policy-ecosystem-that-fosters-innovation |archive-url=http://web.archive.org/web/20250124201358/https://www.amgen.com/stories/2024/05/at-milken-global-conference-bradway-calls-for-protecting-u-s--policy-ecosystem-that-fosters-innovation |archive-date=2025-01-24 |access-date=2025-04-09 |language=en}}{{Cite web |date=2024-05-03 |title=Milken Institute Global Conference 2024 Live Blog |url=https://www.pionline.com/live-blog/milken-institute-global-conference-2024-live-blog |access-date=2025-04-09 |website=Pensions & Investments |language=en}}{{cite web |title=Asha Jadeja to Headline at 2024 Milken Institute Global Conference |url=https://www.newswire.com/news/asha-jadeja-to-headline-at-2024-milken-institute-global-conference-on-22324877 |access-date=28 March 2025 |publisher=Newswire}}{{Cite news |title=Wall Street Heads West to Milken Confab Looking for Deals Revival |url=https://www.bloomberg.com/news/articles/2024-05-05/wall-street-heads-west-to-milken-confab-looking-for-deals-revival |archive-url=http://web.archive.org/web/20240505170030/https://www.bloomberg.com/news/articles/2024-05-05/wall-street-heads-west-to-milken-confab-looking-for-deals-revival |archive-date=2024-05-05 |access-date=2025-04-09 |work=Bloomberg.com |language=en}}
See also
References
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External links
- [https://www.milkeninstitute.org/ The Milken Institute website]
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Category:Political and economic think tanks in the United States
Category:Think tanks established in 1991
Category:Organizations based in Los Angeles