2025-09-12T09:25:21-05:00 2024-12-31 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990PF 2024-01-01 135562282 MILBANK MEMORIAL FUND MILB 2123558400 645 MADISON AVENUE 15TH FLOOR NEW YORK NY 10022 CHRISTOPHER F KOLLER PRESIDENT 2123558400 2025-09-05 1 0 ANAN SAMARA P02103452 2122862600 2025-09-05 2024 2025-03-06 01:10:19Z X 96276713 X 418500 23 23 23 1803798 1803798 1803798 8780890 127562947 8858838 2292034 461108 277479 554636 11464319 10940138 4650491 658921 0 0 658921 1020194 0 154556 865638 672115 0 48884 613026 7626 0 0 6186 171261 0 0 159971 1995369 456485 498265 1476020 5673 5673 7581 7581 8616 0 0 415647 0 0 415647 789378 0 13413 803229 487590 1579 1898 470204 6226717 471318 730270 5468842 64750 78750 6291467 471318 730270 5547592 5172852 10468820 3920221 270363 1554670 1554670 185736 371042 371042 1460000 260000 260000 19039 6572 6572 16322753 14227604 14227604 21246778 20739804 20739804 49947368 58196934 58196934 87664 79800 16480 7864 7864 1253969 912223 912223 90722486 96276713 96276713 471724 581948 2179252 2056762 2650976 2638710 X 86218915 92514275 1852595 1123728 88071510 93638003 90722486 96276713 88071510 5172852 393641 93638003 0 93638003 SALE OF PUBLICLY TRADED SECURITIES 127289570 118508680 8780890 8780890 GOLUB CAPITAL INTERNATIONAL 11 P 179581 179581 0 0 GOLUB CAPITAL INTERNATIONAL 14 P 93796 93796 0 0 ARROWSTREET CAPITAL GLOBAL ALL COUNTRY 77948 77948 8858838 77948 X 1985-01-01 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 NY 1 1 0 0 0 1 WWW.MILBANK.ORG THE FOUNDATION 2123558400 645 MADISON AVENUE NEW YORK NY 10022 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CHRISTOPHER F KOLLER 645 MADISON AVENUE 15TH FLOOR NEW YORK NY 100221095 DIRECTOR AND PRESIDENT 40.00 430137 78176 0 TARA STROME 645 MADISON AVENUE 15TH FLOOR NEW YORK NY 100221095 SECRETARY AND COO 40.00 228784 74683 0 PAUL D CLEARY 645 MADISON AVENUE 15TH FLOOR NEW YORK NY 100221095 DIRECTOR (THRU 12/2024) 2.00 0 0 0 JOHN M COLMERS 645 MADISON AVENUE 15TH FLOOR NEW YORK NY 100221095 DIRECTOR AND CHAIR 4.00 0 0 0 LINDA V DECHERRIE 645 MADISON AVENUE 15TH FLOOR NEW YORK NY 100221095 DIRECTOR 2.00 0 0 0 PETER DONNELLY 645 MADISON AVENUE 15TH FLOOR NEW YORK NY 100221095 DIRECTOR 2.00 0 0 0 SHERRY GLIED 645 MADISON AVENUE 15TH FLOOR NEW YORK NY 100221095 DIRECTOR 2.00 0 0 0 KELLY MAJOR GREEN 645 MADISON AVENUE 15TH FLOOR NEW YORK NY 100221095 DIRECTOR 2.00 0 0 0 ROBERT E HARVEY 645 MADISON AVENUE 15TH FLOOR NEW YORK NY 100221095 DIRECTOR AND TREASURER 4.00 0 0 0 JONEIGH KHALDUN 645 MADISON AVENUE 15TH FLOOR NEW YORK NY 100221095 DIRECTOR 2.00 0 0 0 MARGARET E O'KANE 645 MADISON AVENUE 15TH FLOOR NEW YORK NY 100221095 DIRECTOR 2.00 0 0 0 LASHAWN RICHBURG - HAYES 645 MADISON AVENUE 15TH FLOOR NEW YORK NY 100221095 DIRECTOR AND VICE CHAIR 4.00 0 0 0 ANYA RADER WALLACK 645 MADISON AVENUE 15TH FLOOR NEW YORK NY 100221095 DIRECTOR 2.00 0 0 0 PATRICIA ARZUAGA 645 MADISON AVENUE 15TH FLOOR NEW YORK NY 100221095 DIRECTOR 2.00 0 0 0 ANTHONY SHIH 645 MADISON AVENUE 15TH FLOOR NEW YORK NY 100221095 DIRECTOR 2.00 0 0 0 MORGAN MCDONALD 645 MADISON AVE FL 15 NEW YORK NY 10022 NATIONAL PROGRAM DIR 40.00 242464 42247 0 CHRISTINE HARAN 645 MADISON AVE FL 15 NEW YORK NY 10022 COMMUNICATIONS DIREC 40.00 191032 69390 0 GAIL CAMBRIDGE 645 MADISON AVE FL 15 NEW YORK NY 10022 ADMNISTRATIVE SERVIC 40.00 146728 50080 0 RACHEL BLOCK 645 MADISON AVE FL 15 NEW YORK NY 10022 PROGRAM OFFICER 40.00 122373 17084 0 SOFIA ESPINOSA 645 MADISON AVE FL 15 NEW YORK NY 10022 PROGRAM ASSOCIATE 40.00 79832 25126 0 4 BAILIT HEALTH PURCHASING LLC 56 PICKERING STREET NEEDHAM MA 02492 HEALTHCARE CONSULTING 474379 CAMBRIDGE ASSOCIATES LLC 115 FEDERAL STREET SUITE 2600 BOSTON MA 02110 INVESTMENT MANAGEMENT 142639 YOUR PART-TIME CONTROLLER LLC 1600 MARKET STREET SUITE 3425 PHILADELPHIA PA 19103 ACCOUNTING 94894 MANATT PHELPS & PHILLIPS 2049 CENTURY PARK EAST SUITE 1700 LOS ANGELES CA 90067 LEGAL 90000 0 IDENTIFY, INFORM, AND INSPIRE STATE HEALTH POLICY LEADERS:ACTIVITIES INCLUDED PROVIDING TECHNICAL ASSISTANCE TO STATE AND FEDERAL POLICYMAKERS, CONVENING MEETINGS ON ISSUES OF HEALTH POLICY AND POPULATION HEALTH, CONDUCTING PROGRAMS TO PROMOTE SKILLS DEVELOPMENT AND NETWORKING AMONG EMERGING STATE LEADERS AND SENIOR STATE LEADERS. 1572566 PROVIDE AUTHORITATIVE EVIDENCE, EXPERIENCE, AND SUPPORT ON SELECTED ISSUES OF CRITICAL IMPORTANCE TO THE STATES TO STIMULATE MEANINGFUL RESPONSE: ACTIVITIES INCLUDED CONVENING MEETINGS OF PUBLIC AND PRIVATE DECISION MAKERS AND PUBLISHING REPORTS ON SUCH ISSUES AS STATE SERVICES FOR AGING POPULATIONS, PRIMARY CARE TRANSFORMATION, SUSTAINABLE HEALTH CARE COSTS, AND BEHAVIORAL HEALTH. 1634760 THE MILBANK QUARTERLY AND COMMUNICATIONS: ACTIVITIES INCLUDED EDITING AND PUBLISHING THE MILBANK QUARTERLY, A PEER- REVIEWED JOURNAL OF HEALTH POLICY AND POPULATION HEALTH, AND INCREASING AWARENESS OF THE FUND'S WORK BY COMMUNICATING ITS RESULTS TO A BROAD AUDIENCE. 791787 PROGRAM DEVELOPMENT AND MANAGEMENT: ACTIVITIES INCLUDED PLANNING NEW PROJECTS WITH STRATEGIC PARTNERS, EVALUATING CONTINUING WORK, AND SUPPORTING PARTNER ORGANIZATIONS IN COLLABORATIVE WORK. 119014 0 93039815 694646 0 93734461 0 0 93734461 1406017 92328444 4616422 X 5547592 0 5547592 1985-01-01 X 3920221 2217735 1179490 1059378 8376824 3332188 1885075 1002567 900471 7120300 5547592 5516078 7494147 4775017 23332834 78750 300295 2291496 155850 2826391 5468842 5215783 5202651 4619167 20506443 0 0 3077615 2774927 2929482 3271908 12053932 0 0 0 0 X BLOOMINGDALE SCHOOL OF MUSIC 323 WEST 108TH STREET NEW YORK NY 10025 N/A PC GENERAL SUPPORT 5000 BLOOMINGDALE SCHOOL OF MUSIC 323 WEST 108TH STREET NEW YORK NY 10025 N/A PC GENERAL SUPPORT 5000 HISTORIC SARANAC LAKE 89 CHURCH STREET SARANAC LAKE NY 12983 N/A PC GENERAL SUPPORT 4000 IGNATIAN SPIRITUALITY PROJECT 205 W MONROE ST CHICAGO IL 60606 N/A PC GENERAL SUPPORT 2500 INTERNATIONAL RESCUE COMMITTEE 122 E 42ND ST NEW YORK NY 101680002 N/A PC GENERAL SUPPORT 10000 NATIONAL ACADEMY OF SCIENCES 500 FIFTH ST NW WASHINGTON DC 20001 N/A PC IN SUPPORT OF A STANDING COMMITTEE ON PRIMARY CARE 20000 OPEN DOOR CLINIC 100 PORTER DR MIDDLEBURY VT 057538527 N/A PC GENERAL SUPPORT 1000 PRINCETON MONTESSORI SOCIETY 487 CHERRY VALLEY RD PRINCETON NJ 08540 N/A PC GENERAL SUPPORT 250 SALEM MISSIONARY BAPTIST CHURCH 305 E 21ST STREET BROOKLYN NY 11226 N/A PC GENERAL SUPPORT 3000 SAN MIGUEL SCHOOL 525 BRANCH AVENUE PROVIDENCE RI 02904 N/A PC GENERAL SUPPORT 2500 SILOAM HEALTH 820 GALE LANE NASHVILLE TN 37204 N/A PC GENERAL SUPPORT 5000 SPECTRUM YOUTH AND FAMILY SERVICES 31 ELMWOOD AVE BURLINGTON VT 054014347 N/A PC GENERAL SUPPORT 500 THE CHAPIN SCHOOL 100 EAST END AVE NEW YORK NY 10028 NEW YORK NY 10028 N/A PC GENERAL SUPPORT 1500 THE UNIVERSITY OF CHICAGO 5234 S HARPER CT 4TH FLOOR CHICAGO IL 60615 N/A PC GENERAL SUPPORT 500 THE UNIVERSITY OF CHICAGO 5234 S HARPER CT 4TH FLOOR CHICAGO IL 60615 N/A PC GENERAL SUPPORT 2500 TRUSTEES OF BOSTON COLLEGE 140 COMMONWEALTH AVE CHESTNUT HILL MA 024673800 N/A PC GENERAL SUPPORT 500 UNITED HOSPITAL FUND 1411 BROADWAY 12TH FLOOR NEW YORK NY 10018 N/A PC GENERAL SUPPORT 5000 YALE SCHOOL OF PUBLIC HEALTH 60 COLLEGE STREET NEW HAVEN CT 06520 N/A PC GENERAL SUPPORT 5000 YALE SCHOOL OF PUBLIC HEALTH 60 COLLEGE STREET NEW HAVEN CT 06520 N/A PC GENERAL SUPPORT 5000 78750 0 MILBANK QUARTERLY 183951 14 23 14 1803798 01 18 8780890 OTHER INCOME 01 874 CONTRACT INCOME 01 75000 GRANT REFUND 01 201283 0 10861868 183951 11045819 1A FOR PUBLICATION OF THE MILBANK QUARTERLY, A MULTIDISCIPLINARY JOURNAL OF POPULATION HEALTH AND HEALTH POLICY. 0 0 0 0 0 0 0 0 0 0 X X 1 PETERSON CENTER ON HEALTHCARE 399 PARK AVENUE 14TH FLOOR NEW YORK NY 10022 417500 X ACCOUNTING SERVICES 115761 0 0 114471 AUDIT AND TAX SERVICES 55500 0 0 45500 AERCAP HOLDINGS NV 3,720.000 SHRS 356004 356004 AIR PRODUCTS + CHEMICALS INC 424.000 SHRS 122977 122977 ALCOA CORP 5,330.000 SHRS 201368 201368 ALPHABET INC CL A 2,033.000 SHRS 384848 384848 ALPHABET INC CL C 130.000 SHRS 24757 24757 ALPHABET INC CL C 2,690.000 SHRS 512284 512284 ALPHABET INC CL C 2,991.000 SHRS 569604 569604 AMAZON.COM INC 1,959.000 SHRS 429783 429783 AMAZON.COM INC 4,135.000 SHRS 907177 907177 ANALOG DEVICES INC 461.000 SHRS 97943 97943 AON PLC CLASS A 1,274.000 SHRS 457570 457570 APPLE INC 1,231.000 SHRS 308267 308267 ARISTA NETWORKS INC 3,104.000 SHRS 343085 343085 ASHTEAD GROUP PLC 2,585.000 SHRS 160740 160740 BAYER AG SPONSORED ADR 36,549.000 SHRS 178359 178359 BECTON DICKINSON AND CO 488.000 SHRS 110713 110713 BERKSHIRE HATHAWAY INC CL A 1.000 SHR 680920 680920 BERKSHIRE HATHAWAY INC CL B 125.000 SHRS 56660 56660 BERKSHIRE HATHAWAY INC CL B 398.000 SHRS 180405 180405 BROWN FORMAN CORP CLASS A 2,275.000 SHRS 85745 85745 CANADIAN PACIFIC KANSAS CITY 1,813.000 SHRS 131207 131207 CAPITAL ONE FINANCIAL CORP 1,674.000 SHRS 298508 298508 CARLSBERG AS B 190.000 SHRS 18204 18204 CHARTER COMMUNICATIONS INC A 225.000 SHRS 77123 77123 CHARTER COMMUNICATIONS INC A 339.000 SHRS 116199 116199 CHIPOTLE MEXICAN GRILL INC 2,300.000 SHRS 138690 138690 CIE FINANCIERE RICHEMO A 1,890.000 SHRS 287593 287593 COMCAST CORP CLASS A 9,855.000 SHRS 369858 369858 COMCAST CORP CLASS A 975.000 SHRS 36592 36592 CONOCOPHILLIPS 5,876.000 SHRS 582723 582723 COSTCO WHOLESALE CORP 159.000 SHRS 145687 145687 DAVIDE CAMPARI MILANO NV 5,050.000 SHRS 31470 31470 DEERE + CO 130.000 SHRS 55081 55081 DELTA AIR LINES INC 2,084.000 SHRS 126082 126082 DISCOVER FINANCIAL SERVICES 525.000 SHRS 90946 90946 DOLLAR GENERAL CORP 845.000 SHRS 64068 64068 DOORDASH INC A 395.000 SHRS 66261 66261 ELEVANCE HEALTH INC 492.000 SHRS 181499 181499 ESTEE LAUDER COMPANIES CL A 759.000 SHRS 56910 56910 FEDEX CORP 565.000 SHRS 158951 158951 GE VERNOVA INC 640.000 SHRS 210515 210515 HEINEKEN HOLDING NV 3,668.000 SHRS 219727 219727 HILTON WORLDWIDE HOLDINGS 812.000 SHRS 200694 200694 HUMANA INC 1,038.000 SHRS 263351 263351 INFINEON TECHNOLOGIES ADR 3,655.000 SHRS 118532 118532 INTUITIVE SURGICAL INC 319.000 SHRS 166505 166505 JOHNSON + JOHNSON 759.000 SHRS 109767 109767 JPMORGAN CHASE + CO 1,074.000 SHRS 257449 257449 JPMORGAN CHASE + CO 700.000 SHRS 167797 167797 LIBERTY BROADBAND C 2,396.000 SHRS 179125 179125 LONDON STOCK EXCHG UNSP ADR 9,107.000 SHRS 325029 325029 MARTIN MARIETTA MATERIALS 300.000 SHRS 154950 154950 MASTERCARD INC A 468.000 SHRS 246435 246435 MASTERCARD INC A 800.000 SHRS 421256 421256 META PLATFORMS INC CLASS A 661.000 SHRS 387022 387022 META PLATFORMS INC CLASS A 977.000 SHRS 572043 572043 MICROSOFT CORP 1,026.000 SHRS 432459 432459 MICROSOFT CORP 859.000 SHRS 362069 362069 MOODY S CORP 201.000 SHRS 95147 95147 NESTLE SA SPONS ADR 1,235.000 SHRS 100900 100900 NESTLE SA SPONS ADR 3,150.000 SHRS 257355 257355 NETFLIX INC 283.000 SHRS 252244 252244 NETFLIX INC 310.000 SHRS 276309 276309 NIKE INC CL B 1,392.000 SHRS 105333 105333 NOVARTIS AG SPONSORED ADR 690.000 SHRS 67144 67144 NVIDIA CORP 850.000 SHRS 114147 114147 PERNOD RICARD SA 1,680.000 SHRS 189621 189621 PROSUS NV SPON ADR 44,036.000 SHRS 349646 349646 ROSS STORES INC 691.000 SHRS 104528 104528 S+P GLOBAL INC 170.000 SHRS 84665 84665 SAFRAN SA UNSPON ADR 3,563.000 SHRS 194184 194184 SAP SE SPONSORED ADR 1,550.000 SHRS 381626 381626 SBA COMMUNICATIONS CORP REIT 479.000 SHRS 97620 97620 SCHWAB (CHARLES) CORP 1,013.000 SHRS 74972 74972 SHELL PLC ADR 5,919.000 SHRS 370825 370825 STARBUCKS CORP 1,168.000 SHRS 106580 106580 T MOBILE US INC 761.000 SHRS 167976 167976 TAIWAN SEMICONDUCTOR SP ADR 1,772.000 SHRS 349952 349952 TESLA INC 367.000 SHRS 148209 148209 TEXAS INSTRUMENTS INC 640.000 SHRS 120006 120006 THERMO FISHER SCIENTIFIC INC 333.000 SHRS 173237 173237 TRANSDIGM GROUP INC 104.000 SHRS 131797 131797 UBER TECHNOLOGIES INC 1,010.000 SHRS 60923 60923 UBER TECHNOLOGIES INC 1,939.000 SHRS 116960 116960 UNITEDHEALTH GROUP INC 250.000 SHRS 126465 126465 UNITEDHEALTH GROUP INC 732.000 SHRS 370290 370290 VISA INC CLASS A 495.000 SHRS 156440 156440 VISA INC CLASS A 761.000 SHRS 240506 240506 WABTEC CORP 987.000 SHRS 187125 187125 WELLS FARGO + CO 3,109.000 SHRS 218376 218376 WOODWARD INC 1,411.000 SHRS 234819 234819 WORKDAY INC CLASS A 1,754.000 SHRS 452585 452585 WORKDAY INC CLASS A 683.000 SHRS 176234 176234 YUM BRANDS INC 652.000 SHRS 87472 87472 14227604 14227604 0 0 ARROWSTREET CAP GLBL CYMN LTD 40,000.000 SHRS FMV 4218340 4218340 GENERATION IM FUND PLC 5,033.637 SHRS FMV 4357720 4357720 GOLUB CAPITAL PART INT 11 LP LIMITED PARTNERSHIP 811,704.000 SHRS FMV 1750000 1750000 GOLUB CAPITAL PTRS INT 14 LP 670,094.000 SHRS FMV 900000 900000 ISHARES CORE MSCI EAFE ETF 120,573.000 SHRS FMV 8473870 8473870 ISHARES CORE MSCI EMERGING 115,600.000 SHRS FMV 6036632 6036632 ISHARES ESG AWARE MSCI EAFE 63,353.000 SHRS FMV 4823698 4823698 ISHARES ESG AWARE MSCI USA ETF 41,485.000 SHRS FMV 5344098 5344098 PIMCO INCOME FUND 450,055.543 SHRS FMV 4709777 4709777 VANGUARD INFLATION PROTECTED 205,221.931 SHRS FMV 4542927 4542927 VANGUARD INTERMEDIATE TERM 188,704.364 SHRS FMV 4568701 4568701 VANGUARD S+P 500 ETF 15,722.000 SHRS FMV 8471171 8471171 LEGAL SERVICES 7626 0 0 6186 INTEREST AND DIVIDEND RECEIVABLE 51689 149594 149594 PROCEEDS RECEIVABLE 516780 499 499 RIGHT OF USE-ASSET 454163 243327 243327 ARTWORK 18435 18435 18435 OTHER RECEIVABLES 2934 226026 226026 DEFERRED COMPENSATION 209968 274342 274342 OFFICE EXPENSES 30344 0 0 27909 COMPUTER MAINTENANCE 43444 0 0 42578 MEMBERSHIP DUES 41393 0 0 41393 MAGAZINE AND ONLINE PUBLICATIONS 828 0 0 828 SOFTWARE AND SUBSCRIPTIONS 113728 0 0 113728 HONORARIA 23514 0 0 24514 OTHER EXPENSES 18825 0 44 22039 INSURANCE 35329 0 0 17538 LEASE EXPENSES 6648 0 0 7137 BOARD EXPENSES 69688 0 0 69675 PAYROLL FEES 24774 0 0 24774 BANK CHARGES 1579 1579 1579 0 MARKETING AND COMMUNICATIONS 77496 0 275 78091 OTHER INCOME THROUGH PARTNERSHIP 0 93528 93528 MILBANK QUARTERLY 183951 183951 183951 OTHER INCOME 874 874 CONTRACT INCOME 75000 75000 GRANT REFUND 201283 201283 UNREALIZED GAIN ON INVESTMENT 337039 POST RETIREMENT BENEFIT OBLIGATION ADJUSTMENT 56602 POST RETIREMENT MEDICAL 1515121 1539093 LEASE LIABILITY 454163 243327 DEFERRED COMPENSATION 209968 274342 PROGRAM CONSULTING 1490121 0 17000 1454029 FREELANCE EDITING 34888 0 20800 15646 INVESTMENT MANAGEMENT FEES 270652 270652 270652 0 INVESTMENT ADVISORY FEES 185833 185833 185833 0 SPONSORSHIP 13875 0 3980 6345