Funding and Structure
The Cato Institute is classified as a 501(c)(3) organization under U.S. Internal Revenue Code. The Institute performs no contract research and does not accept government funding. For revenue, the Institute is largely dependent on private contributions.
According to its annual report, the Cato Institute had fiscal year 2008 income of $24 million. The report notes that 77% of Cato's income that year came from individual contributions, 13% from foundations, 2% from corporations, and 8% from "program and other income" (e.g., publication sales, program fees).
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Famous quotes containing the word structure:
“... the structure of our public morality crashed to earth. Above its grave a tombstone read, “Be tolerant—even of evil.” Logically the next step would be to say to our commonwealth’s criminals, “I disagree that it’s all right to rob and murder, but naturally I respect your opinion.” Tolerance is only complacence when it makes no distinction between right and wrong.”
—Sarah Patton Boyle, U.S. civil rights activist and author. The Desegregated Heart, part 2, ch. 2 (1962)