Mala Adiga
Deputy Assistant to the President and Director of Policy and Projects For the First Lady
Estimated Net Worth
  • estimated net worth
    $387 K - $1.2 M
Salary
  • 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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