Mala Adiga
Deputy Assistant to the President and Director of Policy and Projects For the First Lady
Estimated Net Worth
- $387 K - $1.2 M
Salary
- $155 K
Employment
- Started 01/20/2021
Financial Disclosure Details - OGE Form 278e (04/15/2024)
Positions Held Outside United States Government
# | Organization | City | Position | To |
|---|---|---|---|---|
1 | Washington, District of Columbia | Sole Member | Present |
Employment Assets & Income and Retirement Accounts
# | Description | Value | Income Type | Income Amount |
|---|---|---|---|---|
1 | Schwab IRA (Biden Foundation, Rollover) | |||
1.1 | Schwab S&P 500 Index Fund (SWPPX) | $15,001 - $50,000 | None (or less than $201) | |
1.2 | Schwab Target 2035 Fund (SWIRX) | $15,001 - $50,000 | None (or less than $201) | |
2 | Kirkland & Ellis, 401(k) plan | |||
2.1 | Vanguard Target Retirement 2035 (VTTHX) | $15,001 - $50,000 | None (or less than $201) | |
2.2 | Vanguard Total Bond Market Index (VBTIX) | $15,001 - $50,000 | None (or less than $201) | |
2.3 | Vanguard Stock Market Index Fund (VITSX) | $100,001 - $250,000 | None (or less than $201) | |
2.4 | Vanguard Total International Stock Index Fund (VXUS) | $1,001 - $15,000 | None (or less than $201) | |
3 | Schwab IRA | |||
3.1 | Diamond Hill Large Cap Fund Class A Shares (DHLAX) | $1,001 - $15,000 | None (or less than $201) |
Employment Agreements and Arrangements
# | Employer Or Party | City | Status And Terms | Date |
|---|---|---|---|---|
1 | Washington, District of Columbia | This consulting business will be dormant during my tenure in federal government. | 1/2021 | |
2 | Chicago, Illinois | Continuing participation in Employee Benefit Plan: Vanguard 401k with Kirkland and Ellis. No further contributions will be made by either filer or Kirkland. | 10/2002 | |
3 | Washington, District of Columbia | In 2023, I rolled over the cash in my Biden Foundation 401(k) plan into an IRA. | 1/2017 |
Sources of Compensation Exceeding $5,000 in a Year
# | Source | City | Duties |
|---|---|---|---|
Nothing reported in this section | |||
Spouse's Employment Assets & Income and Retirement Accounts
# | Description | Value | Type | Amount |
|---|---|---|---|---|
1 | Sidley Schwab 401k: | |||
1.1 | Vanguard Equity-Income Adm (VEIRX) | $50,001 - $100,000 | None (or less than $201) | |
1.2 | Vanguard Federal Money Market Investor (VMFXX) | $15,001 - $50,000 | None (or less than $201) | |
1.3 | Vanguard Extended Market Index (VIEIX) | $15,001 - $50,000 | None (or less than $201) | |
1.4 | Vanguard Retirement Savings Trust III | $15,001 - $50,000 | None (or less than $201) | |
1.5 | Dodge & Cox International Stock Fund Class X | $15,001 - $50,000 | None (or less than $201) |
Other Assets and Income
# | Description | Value | Type | Amount |
|---|---|---|---|---|
1 | Illinois Bright Directions 529 Plan | |||
1.1 | Moderate Age 17-18-A | $50,001 - $100,000 | None (or less than $201) | |
2 | Carillon Reams Unconstrained Bond (SUBFX) | $1,001 - $15,000 | None (or less than $201) | |
3 | AMG Yacktman Focused Fund Class N (YAFFX) | $1,001 - $15,000 | None (or less than $201) | |
4 | Baron Small Cap Fund Retail (BSCFX) | $1,001 - $15,000 | None (or less than $201) | |
5 | Diamond Hill Large Cap Fund (DHLAX) | $1,001 - $15,000 | None (or less than $201) | |
6 | Fairholme Fund (FAIRX) | $1,001 - $15,000 | None (or less than $201) | |
7 | First Eagle Gold Fund (SGGDX) | $1,001 - $15,000 | None (or less than $201) | |
8 | First Eagle Overseas Fund (SGOVX) | $1,001 - $15,000 | None (or less than $201) | |
9 | Intrepid Small Cap Fund (ICMAX) | $1,001 - $15,000 | None (or less than $201) |
Transactions
# | Description | Type | Date | Amount |
|---|---|---|---|---|
1 | Harbor International Fund Institutional Class Shares (HAINX) | Sale | 05/12/2023 | $15,001 - $50,000 |
2 | Dodge & Cox International Stock Fund Class X | Purchase | 05/12/2023 | $15,001 - $50,000 |
3 | Schwab S&P 500 Index Fund (SWPPX) | Purchase | 05/30/2023 | $15,001 - $50,000 |
4 | Schwab Target 2035 Fund (SWIRX) | Purchase | 05/30/2023 | $15,001 - $50,000 |
Liabilities
# | Creditor | Amount | Incurred | Term |
|---|---|---|---|---|
Nothing reported in this section | ||||
Gifts and Travel Reimbursements
# | Source Name | City | Description | Value |
|---|---|---|---|---|
Nothing reported in this section | ||||
Endnotes
Section | # | Description |
|---|---|---|
1 | 1 | The business will remain dormant and will not conduct any business activity during my government service. |
2 | 1 | The assets of my Biden Foundation 401(k) were rolled over into this IRA. On my 2023 Annual Report, I reported the money that was held in escrow pending the rollover under “Penchecks Trusts.” The balance was rolled over into this IRA account on May 9, 2023. |
7 | 1 | This is a fund swap initiated by Schwab, not my spouse. |
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