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Cato Institute

The mission of the CATO INSTITUTE is to keep the principles, ideas, and moral case for liberty alive for future generations, while moving public policy in the direction of individual liberty, limited government, free markets, and peace.

$232k
Granted FY2025still arriving
8
Grants FY2025still arriving
6
States reached
$60k
Largest
01What you fund
01100% classified

What you funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year — across FY20172025.

Arts & Culture$325kCrime & Legal$250kEducation$216kYouth Development$140kPublic Benefit$121kSocial Science$105kReligion$60kHuman Services$50kOther$0
02FY2025 · 8 grants

Where the money goes

Your grants by size, and where they go.

The 8 grants below total $227,000 — the rows itemised in this filing. The $232,000 headline is the total grant expense reported on the return, so the remaining $5,000 is giving the schedule does not break out: grants under the $5,000 itemisation floor, grants to individuals, and grants reported on other schedules. Every figure below describes the itemised rows only.

By grant size · FY2025

  • $10k–50k6 grants · $117k
  • $50k–250k2 grants · $110k
$25,000
Median grant
6
States reached
$190M
Total assets
Largest grants
RecipientAmount
AMERICA'S FUTURE FOUNDATION$60,000
ROOTS OF PROGRESS$50,000
AMERICAN LEGISLATIVE EXCHANGE COUNCIL$34,000
CENTER FOR CIVIL SOCIETY$25,000
STUDENTS FOR LIBERTY$20,500
YOUNG AMERICANS FOR LIBERTY INC$15,000
ONE AMERICA MOVEMENT$12,500
YOUNG AMERICANS FOR LIBERTY FOUNDATION$10,000
02The need
03

Do your dollars go where the need is?

Each grant placed by the hardship in its grantee’s ZIP, then read against the area’s typical level.

show:

Your human-services grants (FY22–25, $300k) land where the poverty rate runs at 18%, against an area that typically sits at 10%. 83% of those dollars go to grantees based in above-average-need neighborhoods. Most of your grants land in higher-need ZIPs.

area typical 10%ROOTS OF PROGRESS: $50k → 8%The Innocence Project Inc: $250k → 20%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount

Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty linein the grantee’s ZIP, averaged from the tracts in that ZIP; grantee ZIP can differ from where services are delivered.

Which US states your grants reach

MI
NY
MA
OR
IN
PA
VA
MD
DC
TX
FL

US grants placed by each grantee’s ZIP, which can differ from where services are actually delivered. Need from public data — U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA — shown as context about the area, never attributed to your giving.

04

Where the work is directed

The same grants, placed two ways — where each recipient sits, and where its stated purpose earmarks the money.

About 19% of Cato Institute’s grant dollars are earmarked, by their stated purpose, for a different county than the recipient’s own address — money that lands at a nonprofit in one place but is meant to do its work in another.

Cato Institutelessmore of its giving
Placed by recipient address · 19% directed abroad (not shown)

Recipient view: each grant at its grantee’s ZIP, mapped to a county. Directed view: each grant at the county its stated purpose names, falling back to the recipient’s county when the purpose names no place; US grants only. A county shows only if it carries the top 95% of that view’s dollars. Purposes are read from the foundation’s own 990 grant descriptions.

03Your edge
repeat funding

Who you back again

Which organizations you funded more than once, and which you funded a single time. Each grantee is matched to its own filings.

49%of every dollar goes to organizations you’ve funded before.
$644k · 8 repeat orgs$661k to everyone else

And the relationships you keep tend to grow: grantees you re-up on have seen median revenue of +22% since the first grant, against -12% for the ones you funded once.

8 repeat relationships — 4 still active in FY2025, 4 since wound down; 4 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

8
5

Total granted

$644k
$558k

Median revenue growth · since first grant

+22%
-12%

Still filing today

100%
100%

New vs renewed · share of each year

In FY2025, 55% of grant dollars renewed an existing relationship; $103k went to new ones.

50%100%’17’18’19’20’21’22’23’24’25
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’17’18’19’20’21’22’23’24’25
Public BenefitHuman ServicesReligionArts & CultureYouth DevelopmentSocial ScienceOther

First-time = a grantee’s first year in your filing window; renewed = funded in an earlier year too. As a portfolio matures the renewed share naturally climbs — once funded, an org stays “renewable” — so the signal is the years that buck it (a new-grantee intake wave). The earliest year is left-censored: relationships that predate the data read as “new.” Theme is the grantee’s IRS cause.

Backed again, and grew

  • FT
    FREE TO CHOOSE NETWORK INC
    2× · 2017–2018 · $155k · revenue +13%
  • TB
    THE BROOKINGS INSTITUTION
    4× · 2020–2024 · $85k · revenue +46%
  • YC
    YORK COLLEGE OF PENNSYLVANIA
    2× · 2023–2024 · $83k · revenue +7%

Funded once

  • TI
    THE INNOCENCE PROJECT INC
    one grant, 2022 · $250k · revenue -12%
  • CA
    Cuban American National Foundation Inc
    one grant, 2019 · $250k · revenue -47%
  • LF
    Liberty Fund Incgraduated
    one grant, 2020 · $28k · revenue +263%

Repeat = funded in two or more distinct years; growth and survival are read from each grantee’s own subsequent IRS filings.

04Your field

The map has a center of gravity: the average direction from the rest of the sector toward the organizations the foundation funds — the shape of its giving. Scoring every nonprofit along that direction surfaces the ones that look most like the portfolio. These are the closest matchesthat aren’t grantees — a resemblance in what they say they do, not a recommendation.

1
American Enterprise Institute for Public Policy Research

The american enterprise institute is a community of scholars and supporters committed to expanding liberty, increasing individual opportunity, and strengthening free enterprise. aei pursues these ideals through independent thinking and the…

Social Science
2
Open Markets Institute

The open markets institute works to help people relearn how to use competition policy to build stronger democracies, more just and equitable societies, more innovative and sustainable economies, and a more secure and peaceful world.

Education
3
American Civil Liberties Union Fund of the District of Columbia

Preservation of civil liberties through litigation and public education.

4
The International Institute for Strategic Studies - Us

To provide accurate, objective information and analysis on international strategic issues for legislators, diplomats, foreign affairs analysts, international business leaders, economists, the military, defense commentators, journalists,…

International
5
Foreign Policy Research Institute

The foreign policy research institute (frpi) is dedicated to producing the highest quality scholarship and nonpartisan policy analysis focused on crucial foreign policy and national security challenges facing the united states. we educate…

International
6
Manhattan Institute for Policy Research Inc

The manhattan institute is a community of scholars, journalists, activists, and civic leaders dedicated to advancing opportunity, individual liberty, and the rule of law in america and its great cities.

Public Benefit
7
Liberty Justice Center

To advance economic and social liberties and a free enterprise society through strategic litigation, training, communication, activism and research. in addition, the center will train law students, lawyers and policy activists in the…

Crime & Legal
8
International Republican Institute

Iri advances freedom and democracy worldwide by developing political parties, civic institutions, open elections, democratic governance and the rule of law.

Education
9
Frontiers of Freedom Institute

To educate the public on constitutional issues and public policy matters. We are dedicated to the principles of individual liberty, peace through strength, limited government, free enterprise, and the values embodied in the Declaration of…

Public Benefit
10
Competitive Enterprise Institute

Competitive enterprise institute (cei) is a non-profit public policy organization dedicated to the principles of free enterprise and limited government. we believe that consumers are best helped not by government regulation but by being…

11
American Law Institute

The institute's mission, as set out in its certificate of incorporation, is to promote the clarification and simplification of the law and its better adaptation to social needs, to secure the better administration of justice, and to…

Crime & Legal
12
Intercollegiate Studies Institute Inc

We inspire college students to discover, embrace, and advance the principles that make america good, free, and prosperous.

Education

For reference, the grantee most central to the portfolio’s shape is Young Americans for Liberty Inc and the most unlike its peers is Liberty Fund Inc. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.

05the grantee network

18 grantees tracked through their own filings, 2017–2025.

Each one resolved to its own IRS returns and tracked year by year — your grant beside their revenue from every source. Association, dated; never a causal claim.

Counted here: distinct organizations you funded across 20172025, not grant rows in a single year — so this will not match the grant count on the cover. 18 of the 19 grantees resolved in that span have returns of their own we could reconcile; the rest are funded organizations whose filings we could not track year by year.

0
Load-bearing (≥25% of a budget)
3
Early backer (in before they grew)
18/18
Grantees still filing
12/18
Grew since you first funded

Where your money sits — by cause, then by grantee

Cuban American National Foundation Inc — $250,000 · Arts & CultureCuban American National Foundation…FREE TO CHOOSE NETWORK INC — $155,000 · Arts & CultureFREE TO CHOOSE NETWORK INCTHE INNOCENCE PROJECT INC — $250,000 · Human ServicesTHE INNOCENCE PROJECT INCTHE ROOTS OF PROGRESS — $50,000 · Human ServicesTHE ROOTS OF PROGRESSYORK COLLEGE OF PENNSYLVANIA — $82,500 · EducationYORK COLLEGE …STUDENTS FOR LIBERTY INC — $53,800 · EducationSTUDENTS FOR …THE TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK — $23,386 · EducationTHE TRUSTEES …America's Future Foundation — $124,500 · Youth DevelopmentAmerica's F…YOUNG AMERICANS FOR LIBERTY INC — $15,000 · Youth DevelopmentYOUNG AMERI…THE BROOKINGS INSTITUTION — $85,000 · Social ScienceAMERICAN INSTITUTE FOR ECONOMIC RESEARCH — $20,000 · Social ScienceAMERICAN LEGISLATIVE EXCHANGE COUNCIL — $61,000 · Public BenefitYOUNG AMERICANS FOR LIBERTY FOUNDATION — $22,000 · Public BenefitINTERNET EDUCATION FOUNDATION — $10,000 · Public BenefitMORAL COURAGE PROJECT F/K/A PROJECT IJTIHAD — $60,000 · ReligionTHE ONE AMERICA MOVEMENT — $12,500 · ReligionLiberty Fund Inc — $28,494 · OtherCENTER FOR CIVIL SOCIETY — $25,000 · OtherDonors Trust Inc — $7,500 · Other
Arts & Culture$405,000Human Services$300,000Education$159,686Youth Development$139,500Social Science$105,000Public Benefit$93,000Religion$72,500Other$60,994

Each org by its size and your share of it — top-left is where you’re load-bearing

25%50%75%100%$1.0M$10M$100Mgrantee revenue →↑ your share of their budgetTHE INNOCENCE PROJECT INC — $250,000 over 1y, 0.6% of budgetCuban American National Foundation Inc — $250,000 over 1y, 24% of budgetFREE TO CHOOSE NETWORK INC — $155,000 over 2y, 2.1% of budgetAmerica's Future Foundation — $124,500 over 4y, 1.5% of budgetTHE BROOKINGS INSTITUTION — $85,000 over 4y, 0.0% of budgetYORK COLLEGE OF PENNSYLVANIA — $82,500 over 2y, 0.0% of budgetAMERICAN LEGISLATIVE EXCHANGE COUNCIL — $61,000 over 3y, 0.1% of budgetMORAL COURAGE PROJECT F/K/A PROJECT IJTIHAD — $60,000 over 2y, 4.5% of budgetSTUDENTS FOR LIBERTY INC — $53,800 over 4y, 0.4% of budgetLiberty Fund Inc — $28,494 over 1y, 0.2% of budgetTHE TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK — $23,386 over 1y, 0.0% of budgetAMERICAN INSTITUTE FOR ECONOMIC RESEARCH — $20,000 over 1y, 0.4% of budgetTHE ONE AMERICA MOVEMENT — $12,500 over 1y, 0.3% of budgetINTERNET EDUCATION FOUNDATION — $10,000 over 1y, 0.7% of budget
Go grantee by grantee — a decade per org, and how each moved after you funded them

A decade per grantee — revenue shaded, your grants as bars, all rows on one timeline.

The grantmakers whose grantees overlap with yours far more than size alone predicts. Each orbits closer the stronger the alignment; the arcs between them show where they also fund each other. Here it reads as a tightly interlocked camp — most of these funders back each other's grantees too.

Donors Trust IncVA17.4× affinity6 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Donors Trust Inc · Charles Koch Institute · The Seminar Network Inc · Triad Foundation Inc · Charles Koch Foundation · JP Humphreys Foundation · The Armstrong Foundation · Atlas Economic Research Foundation · John Templeton Foundation · Vanguard Charitable Endowment Program · National Philanthropic Trust · Morgan Stanley Global Impact Funding Trust Inc

Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. A research starting point: overlap is association, not proof of shared intent.

Government reliance of your grantees

Every dot is one organization Cato Institute funds. Left–right is the share of its income from government; up–down is the share from you. Bigger dots raise more. Filter to federal or a single department — and drag the year to watch it move.

2024
202122232425
no gov · 40%0%1%3%5%your share of their income ↑0%5%10%15%20%share of the org’s income from government
    no gov moneyreceives it· size = income
    4get no government money at all
    0rely on government for over half their income
    ⤢ axis zoomed · 0–20%
    typical government reliance, FY2025

    Government income is each org’s traced federal awards (USASpending — grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that your grant caused the public funding. Coverage is precision-first — a floor, not a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12–24 months.

    On method. Every financial figure here is read directly from IRS e-file XML — your own 990/990-PF and the multi-year returns of the 19 grantees we resolved across every year we hold, several hundred filings in all (a different count from the grant rows on the cover, which are one fiscal year)— each linked to its source. Grantee achievements and outcomes are each organization’s own program-service reporting (Form 990, Part III); we read these as association with sustained funding — the foundation is one of several forces — suppress low-confidence name matches rather than guess, and say so where a figure rests on a single grant or filing. Not everything on this page is a filed figure, and the difference matters. Filed is what you reported on your return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears. How we build these →

    Generated from your IRS Form 990 e-file return for fiscal year 2025, released 2025. Filings run roughly 12–24 months behind; figures are dated accordingly.

    Source object · view filing

    More from the funding graph