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Milken Family Foundation

CALIFORNIA | LOCAL
April 29, 1993 | MIMI KO
When Maria Azucena Vigil was 8 years old, her parents couldn't afford to pay membership dues for her to join the Girl Scouts. Undaunted, she spent a day in the library reading all about the group, then formed a "pretend troop" made up of friends who lived in her Florida neighborhood. The members spoke Spanish and took pride in their Latin American roots. Today, Vigil, a 57-year-old kindergarten teacher at Las Lomas Elementary School, carries on with the work she started as a youngster.
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CALIFORNIA | LOCAL
November 11, 1992 | CATHERINE GEWERTZ
La Habra kindergarten teacher Maria Azucena Vigil, who was named California Teacher of the Year by the state for 1992, was honored Tuesday by a philanthropic organization that gave her a $25,000 award for her outstanding contribution to education. Accepting the check from the Milken Family Foundation, Vigil noted the large numbers of children who must overcome language barriers, the stress of troubled homes and other obstacles in order to learn in the classroom.
BUSINESS
September 15, 1992 | JAMES F. PELTZ, TIMES STAFF WRITER
The charitable trusts controlled by former junk-bond impresario Michael Milken, which he and his wife endowed with $250 million in 1987-88 alone, virtually stopped growing after Milken was indicted in early 1989 on federal securities charges that led to his guilty plea and current prison term. Donations to outside causes by his family's four main trusts also slowed, state records show. Milken did form a fifth foundation in 1989, although no financial information about it is yet available.
NEWS
June 12, 1991 | BETTY GOODWIN, SPECIAL TO THE TIMES
"A Time for Heroes" began with hundreds of men, women and children (and dogs) in the parking lot at Paul Revere Junior High, where they were funneled into vans (although some rated limousines) and swiftly delivered to pastoral green fields in Mandeville Canyon.
CALIFORNIA | LOCAL
September 19, 1989
Three Los Angeles County educators are recipients of $25,000 California Educator Awards, state Supt. of Public Instruction Bill Honig has announced. Garfield High School mathematics teacher Ben Jimenez and curriculum specialist Cosetta Moore, both of the Los Angeles Unified School District, and arts teacher Barrie Becker of the Dorothy Kirby Center School, a special county school, were among 12 winners statewide chosen by the California Assn.
NEWS
August 17, 1989 | DOUGLAS FRANTZ, Times Staff Writer
The California attorney general's office said Wednesday that a nine-month inquiry found no basis for action against four charitable foundations created by Michael Milken and his family. The decision was the first good news from a government agency in recent months for the embattled Beverly Hills financier, who is under federal criminal indictment on stock fraud and racketeering charges.
CALIFORNIA | LOCAL
June 11, 1989 | DAVID WHARTON, Times Staff Writer
The Cultural Foundation chose a fitting site for its "A Night of Nights." Foundation officials and supporters, who have dedicated themselves to building a cultural center in Sepulveda Basin, gathered Saturday at the J. Paul Getty Museum in Malibu for a celebration amid the type of artistic grandeur they are struggling to create in the San Fernando Valley. The event was sparked by Friday's unveiling of architectural models for the proposed 60-acre, $50-million Arts Park L.A. The models--including a theater, museum, art workshops and an open-air amphitheater--were selected from hundreds of entries during a lengthy design competition.
CALIFORNIA | LOCAL
April 7, 1989 | CHARISSE JONES, Times Staff Writer
In what an official said will be a major assault on illiteracy within the black community, the Los Angeles Urban League announced Thursday night the creation of a family and youth education center to train and tutor South Los Angeles residents "for the opportunities of the future."
BUSINESS
November 11, 1988 | JIM SCHACHTER, Times Staff Writer
The state Attorney General's Office launched an audit Thursday of the charitable foundations established by embattled Beverly Hills "junk bond" genius Michael Milken, citing concerns that the tax-exempt groups' directors may have benefited personally from the foundations' activities.
BUSINESS
October 27, 1988 | JAMES F. PELTZ and JIM SCHACHTER, Times Staff Writers
Beverly Hills financier Michael Milken and his wife donated a staggering $196.4 million to their three charitable foundations last year, lifting the foundations' combined assets to $280.9 million and making them among the nation's 50 biggest charitable groups, new state records show. Milken, who has become a near-billionaire by pioneering the use of high-yield, high-risk debt known as "junk bonds," recently was charged with civil securities fraud and illegal inside trading.
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