EXTENSION Return of Private Foundation WNS 952 Form 990-PF I or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation 2012 Department of the Treasury Internal Reventie Service Note . The foundation may be able to use a copy of this return to satisfy state reporting req For calendar year 2012 or tax year beginning 12/1/2012 , and ending 11/30/2013 Name of foundation A Employer identification number Milken Famil y Foundation 95-4073646 Number and street (or P 0 box number if mail is not delivered to street address ) Room /suite B Telephone number ( see instructions) 1250 Fourth St 3rd Floor 310-570-4800 City or town, state , and ZIP code C If exemption application is pending , check here ► Santa Monica CA 90401 G Check all that apply . J Initial return j initial return of a former public charity D 1. Foreign organizations , check here ► Final return E Amended return 2 . Foreign organizations meeting the 85 % test, Address change Name change check here and attach computation ► H Check type of organization 0 Section 501(c)(3) exempt private foundation E If private foundation status was terminated Section 4947( a)(1) nonexempt charitable trust E] Other taxable private foundation under section 507(b)(1)(A). check here ► EJ I Fair market value of all assets at end J Accounting method Q Cash M Accrual F If the foundation is in a 60-month termination of year (from Part ll, col (c), Other (specify) under section 507(b)(1)(B), check here ---------------------------- ► llne 16) ► $ 448,596,028 Part 1 column d must be on cash basis Revenue The (d ) Disbursements Analysis of and Expenses ( total of (a) Revenue and (b ) Net investment (c) Adjusted net for chartable amounts in columns (b). (c)• and (d) may not necessarily equal expenses per income i ncome books the amounts in column (a) (see instructions)) (cashubass only) Sill 1 Contributions , gifts, grants , etc , received ( attach schedule ) 39,350,500 2 Check if the foundation is not required to attach Sch B 3 Interest on savings and temporary cash investments 38,778 38,778 4 Dividends and interest from securities 1,677,727 1,677,727 5 a Gross rents y b Net rental income or (loss) 6 a Net gain or (loss) from sale of assets not on line 10 46 ,919,536 b Gross sales price for all assets on line 6a 63 ,723,203 7 Capital gain net income (from Part IV, line 2) 46 ,867,284 8 Net short-term capital gain 9 Income modifications 10 a Gross sales less returns and allowances b Less Cost of goods sold c Gross profit or ( loss) (attach schedule) 11 Other income (attach schedule ) . St 1 27,349,036 27,273,684 12 Total . Add lines 1 through 11 115,335,577 75,857,473 0 w 13 Compensation of officers, directors, trustees , etc 498 ,835 27,123 471,611 twig 14 Other employee salaries and wages 1,088,090 116 ,971 970,686 15 Pension plans , employee benefits 178,659 14,636 163,969 ±25 zx 16 a Legal fees (attach schedule ) 2,761 2,761 b Accounting fees (attach schedule ) 60,876 20,217 40,584 _-^ c Other professional fees (attach schedule ) . St 601,693 425,3 175,768 17 Interest [:W^ 18 Taxes ( attach schedule ) ( see instructions ) St 3 1,692,722 108,8 7 --- - 100,560 - 19 Depreciation (attach schedule ) and depletion St 14 346,683 17,3 cn E 20 Occupancy 189,142 21, 4 I Y 167,340 r_a 21 Travel, conferences , and meetings 19,676 19,112 a 22 Printing and publications 498 n ,^'^ r'y 498 23 Other expenses (attach schedule ) , St 4 261,390 35, 089 226,171 24 Total operating and administrative expenses. Add lines 13 through 23 4,941,025 787,936 0 2,339,060 ^a 25 Contributions , gifts, grants paid St 12 14,903,130 - 14,903,130 0 26 Total expenses and disbursements. Add lines 24 and 25 19 ,844,155 787,936 0 17,242,190 27 Subtract line 26 from line 12 a Excess of revenue over expenses and disbursements 95,491,422 b Net investment income (if negative , enter -0-) 75,069,537 c Adjusted net income ( if negative, enter -0-) 0 For Paperwork Reduction Act Notice , see instructions. Form 990-PF (2012) HTA Form 990-PF (2012) Milken Family Foundation 95-4073646 Page 2 Attached schedules and amounts in the description column Beginning of year End of year Balance Sheets should be for end-of-year amounts only (See instructions ) (a) Book Value ( b) Book Value (c) Fair Market Value 1' Cash-non -Interest-bearing 4 ,000 4,000 4,000 2 Savings and temporary cash investments 32,377,665 79,858,845 79,858,836 3 Accounts receivable ► ------------------------------------------ - Less allowance for doubtful accounts ► ------------------------ 4 Pledges receivable ► -------------------------------------------- - - -- - - -- - Less allowance for doubtful accounts ► ------------------------ 5 Grants receivable 6 Receivables due from officers, directors , trustees , and other disqualified persons (attach schedule ) (see instructions) 7 Other notes and loans receivable ( attach schedule) ► Less allowance for doubtful accounts ► 8 Inventories for sale or use 36,158 9 Prepaid expenses and deferred charges rn , 10 a Investments-U S and state government obligations ( attach schedule) b Investments-corporate stock (attach schedule) C Investments-corporate bonds (attach schedule) 11 Investments-land, buildings , and equipment basis ► Less accumulated depreciation (attach schedule) ► 12 Investments-mortgage loans 13 Investments-other (attach schedule) 304,093,338 313,457,448 366,695,765 6,426,275 14 Land , buildings , and equipment basis ► _______ ________ ___ 1,041,620 1,288,917 1,288,917 Less accumulated depreciation (attach schedule ) ► - - Stmt -14 5,137,358 762,624 748,845 748,510 15 Other assets (describe ► Stmt6 ) 16 Total assets (to be completed by all filers-see-------------------------------the Instructions Also, see page 1, item I) 338,315,405 395,358,055 448,596,028 17 Accounts payable and accrued expenses 18 Grants payable 19 Deferred revenue 20 Loans from officers, directors, trustees , and other disqualified persons 2 21 Mortgages and other notes payable (attach schedule) J 22 liabilities (describe Stmt 7 ___________________ ) 15,114 15,230 Other ► ---------------- 23 Total liabilities (add lines 17 through 22) . 15,114 15,230 q Foundations that follow SFAS 117, check here ► a) and complete lines 24 through 26 and lines 30 and 31. c 24 Unrestricted is 25 Temporarily restricted co .^ 26 Permanently restricted Foundations that do not follow SFAS 117, check here ► U. and complete lines 27 through 31. 0 27 Capital stock , trust principal , or current funds 338,300,291 395,342,825 28 Paid-in or capital surplus , or land , bldg , and equipment fund 29 Retained earnings, accumulated income , endowment , or other funds a 30 Total net assets or fund balances (see instructions) 338,300,291 395,342,825 Z 31 Total liabilities and net assets/fund balances (see Instructions ) 338,315,405 395,358,055 Analysis of Chan ges in Net Assets or Fund Balances 1 Total net assets or fund balances at beginning of year-Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year's return ) 1 338,300,291 2 Enter amount from Part I, line 27a 2 95,491,422 in line itemize) 3 3 Other increases not included 2 ( ► ----------------------------------------------------------- 4 Add lines 1, 2 , and 3 4 433,791,713 Stmt 20 5 38,448,888 5 Decreases not included in line 2 ( itemize ) 10' ------------------------------------------------------------- ------- 6 Total net assets or fund balances at end of year ( line 4 minus line 5)-Part II, column (b), line 30 6 395342 825 Form 990-PF (201 2) Form 990-PF (2012) Milken Family Foundation 95-4073646 Page 3 Ca p ital Gains and Losses for Tax on Investment Income ( b) How acquired acquired ( d) Date sold ( a ) List and describe the kind( s) of pro perty sold ( e g . real estate , p-purchase (c) Date 2-story beck warehouse, or common stock . 200 shs MLC Co ) ( mo , day , yr) (mo , day, yr) D-Donation 1a Stmt 8 b c d e (f) Depreciation allowed (g) Cost or other basis (h) Gain or (loss) (e) Gross sales price (or allowable ) plus expense of sale (e) plus (f) minus (g) a 63,670, 951 16, 803, 667 46, 867, 284 b c d e Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 ( I) Gains (Col (h) gain minus Adjusted basis ( k) Excess of col (i) col (k), but not less than -0-) or (i) F M V as of 12/31/69 U) as of 12/31/69 over col (f), if any Losses (from col (h)) a 46, 867, 284 b c d e If gain, also enter in Part I, line 7 2 Capital gain net income or (net capital loss) { If (loss), enter -0- in Part I, line 7 2 46,867,284 3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6) If gain, also enter in Part I, line 8, column (c) (see instructions) If (loss), enter -0- in Pa rt I, line 8 3 0 0-Ma Qualification Under Section 4940 ( e) for Reduced Tax on Net Investment Income (For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income ) If section 4940 (d)(2) applies , leave this part blank Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes Q No If "Yes," the foundation does not qualify under section 4940(e) Do not complete this part 1 Enter the a pp ropriate amount in each column for each year, see the instructions betore maKln any entries Base period years Distributionti ratio Adjusted qualifying distributions Net value of nonchantable - use assets Calendar y ear ( or tax year beg inning in ) ( col ( b) divided by col ( c )) 2011 9,777,930 365,524,520 0026750 2010 10,986,889 325,136,082 0033792 2009 10,253,905 297,828,815