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Washington, D.C. · Nonprofit

AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH

AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH (Washington, D.C.) receives grants from 409 organizations whose IRS filings report $205,623,149 to it, the largest being BETH AND RAVENEL CURRY FOUNDATION ($28,735,500). 279 of them have funded it in more than one year.

Revenue FY2025
$75M
Funders on record
409
Grants received
$206M
Net assets
$365M
279/409 repeat funderspeak grant-dependency 67%
01What it does

What American Enterprise Institute for Public Policy Research does

Mission

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 highest standards of research and exposition.

As stated on its FY2025 Form 990.

Programs

  1. Domestic policy studies: aei's domestic policy studies scholars explore a broad range of topics including k-12 and higher education reform, citizenship, ethics, judiciary issues, executive and legislative politics, polls and elections, federalism, poverty, civil rights, crime, and other public policy issues. Aei's scholars are thought leaders in their fields and convene conferences, in-person and online events, and public and private seminars. In addition to its many events and seminars, aei promotes its research and ideas through print and digital publications, blog posts and social media, conferences, and working groups.

    $14,008,784 spentof which $757,190 as grants$1,764,377 earned by the program
    24% of program spending
  2. Foreign and defense policy studies: aei's foreign and defense policy studies scholars seek to understand how american interests and political and economic freedom can be protected and advanced around the world. The program's research areas include u.s. National security and defense, terrorism, international sovereignty, and u.s. Policy in the middle east, asia, russia, and numerous other areas. Aei's scholars focus on current policy issues as well as those further over the horizon. In the process, they educate policymakers, business leaders, academics, journalists, students, and all interested citizens on our nation's most critical policy issues.

    $12,823,421 spent$38,665 earned by the program
    22% of program spending
  3. Social, cultural, and constitutional studies: aei's social cultural and constitutional studies scholars explore issues related to three research areas: 1.) legal and constitutional topics 2. Politics and public opinion, and 3. Society and culture. Topics studied by legal and constitutional scholars include congress, the us presidency, the courts (including the supreme court of the united states), the administrative state, and the us constitution. Politics and public opinion scholars focus on polling, elections, and political theory. Society and culture scholars study and comment on liberal education (specifically, the humanities, higher education, and classical education), civil institutions, the media, american history, and religion.

    $11,286,374 spent$134,139 earned by the program
    20% of program spending
  4. Other program services

    $19,584,944 spent$125,112 earned by the program
    34% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $57,703,523.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($75M) Expenses 100 ($56M) Net assets 100 ($304M)2018 Revenue 82 ($62M) Expenses 91 ($51M) Net assets 105 ($321M)2019 Revenue 69 ($51M) Expenses 103 ($57M) Net assets 104 ($316M)2020 Revenue 64 ($48M) Expenses 93 ($52M) Net assets 100 ($303M)2021 Revenue 108 ($81M) Expenses 91 ($51M) Net assets 125 ($382M)2022 Revenue 92 ($69M) Expenses 109 ($61M) Net assets 112 ($340M)2023 Revenue 72 ($54M) Expenses 120 ($67M) Net assets 112 ($341M)2024 Revenue 91 ($68M) Expenses 127 ($71M) Net assets 114 ($348M)2025 Revenue 100 ($75M) Expenses 132 ($74M) Net assets 120 ($365M)
'17'18'19'20'21'22'23'24'25
Revenue (100)Expenses (132)Net assets (120)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $310M to $389M (+26%).

$310M
$327M
$326M
$310M
$389M
$346M
$348M
$353M
$387M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

81% of AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH’s revenue is contributions — about as donation-reliant as the typical peer (82% for the typical peer).

This organization
Typical peer · 42 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 9 reported years ran a deficit.

$19M
’17
$11M
’18
−$5.8M
’19
−$3.7M
’20
$30M
’21
$8.8M
’22
−$13M
’23
−$3.1M
’24
$1.8M
’25
2.0
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Daniel A D'Aniello

Chairman

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed393837434342434545
Joined·+5+1+8+4+3+3+8+3
No longer listed·62244263
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 118 funders to 186 funders, grant income rose $17M → $36M.

58 of 409 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 32% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH’s funders (the co-funder graph). Top 30 of 409 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH has a broad base — no single funder exceeds 14% of grant income, and it takes 13 funders to reach half.

the vertical line marks half of all grant income — 13 funders to its left

35% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH.

14%
largest funder
24%
top three
~28
effective funders

Largest funder’s share by year: 2017 31% · 2018 12% · 2019 13% · 2020 20% · 2021 11% · 2022 11% · 2023 8% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

52% of AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH's funders are still giving 3 years after their first grant; 68% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH draws 99% of its grant income from funders outside Washington, D.C., across 37 states in all.

NH
WA
MN
IL
WI
MI
NY
MA
NV
WY
IA
IN
OH
PA
NJ
CT
CA
UT
CO
NE
MO
VA
MD
DE
AZ
KS
AR
TN
NC
DC
OK
LA
MS
AL
GA
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Washington, D.C. out of state home

Funder states come from each funder’s own filing. $65M arriving through sponsors registered in 24 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH's funding base is broadening — from 118 funders to 186 as grant income climbed.

Operating margin2% · below the median
Months of reserve2.0mo · bottom quartile
Revenue growth (annualized)0% · bottom quartile

this organization peer median middle 50% of peers· 27 social science nonprofits $10M–$100M, FY2025

Organizations like AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Washington, D.C.

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

78% of spending goes to programs.

Program 78%Management 12%Fundraising 10%

Governance

29
board members
97%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

81%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 25 states

WA
IL
WI
MI
NY
MA
OR
OH
PA
NJ
CT
RI
CA
CO
VA
MD
NM
TN
NC
SC
DC
MS
AL
GA
FL

Part of a family of 1 related entity

  • Aei 1785 Massachusetts Avenue Property Owner LLC · disregarded

Screen this organization

A dated, signed PDF of the compliance screen for AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH?
AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH (Washington, D.C.) receives grants from 409 organizations whose IRS filings report $205,623,149 to it, the largest being BETH AND RAVENEL CURRY FOUNDATION ($28,735,500). 279 of them have funded it in more than one year.
How many funders does AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH have?
IRS filings report 409 organizations giving $205,623,149 in grants to AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH, 279 of which have funded it in more than one year.
Who is the largest funder of AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH?
BETH AND RAVENEL CURRY FOUNDATION is the largest funder on record, with $28,735,500 in grants. The full list of funders is on this page.
How can an organization like AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Washington, D.C.. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 409 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing