Follow us
Publications Commentary Research People Events News Resources and Videos About IFS
Home About the IFS Finance

Finance

How we are funded

The IFS is non-profit and non-political and receives funding from a range of sources, including the Economic and Social Research Council, UK Government departments, foundations, the European Research Council, international organisations, companies and other non-profit organisations. Funding is received either for specific research projects or via our two ESRC research centres, the Centre for the Microeconomic Analysis of Public Policy and the Centre for Microdata Methods and Practice. Research Councils award funding for academic research independently of government; funding is awarded on the basis of scientific excellence, through a process of peer-review. The IFS never accepts funding for a research project - or indeed funding of any kind - that relies on a specific result being found or that compromises our independence and neutrality. All of our own publications are available free of charge for the public to read.

 
 

In 2017 IFS received the highest ratings for transparency in information made public about funding, from Who Funds You? (rated A) and Transparify (rated 5 stars). More details about these ratings can be found on the Who Funds You? website.

The majority of IFS income goes directly to specific research projects. Below is a list showing income from individual funders for projects current in 2017. See the spreadsheet below for details of individual projects and notes about funders.

Project and Centre funding

Funder

 2017 grant income (£)

3ie

115,366

Alfred P. Sloan Foundation

54,545

Bill and Melinda Gates Foundation

255,350

British Academy

307,534

Children's Commissioner

3,721

Children's Investment Fund Foundation

192,024

Cowles Foundation

5,554

Department for Business, Innovation and Skills

3,083

Department for Education

21,761

Department for International Development

644,411

Department for Work and Pensions

25,002

Department of Health

255,985

Economic and Social Research Council

3,356,947

Education Endowment Foundation

59,059

European Research Council

735,663

Evidence Action

25,017

Gatsby Charitable Foundation

11,468

Global Innovation Fund

322,939

ICAEW

110,000

IFS Local Government Finance Consortium

13,700

IFS Retirement Savings Consortium

11,061

Jacobs Foundation

170,904

Joseph Rowntree Foundation

285,272

Laura and John Arnold Foundation

35,355

Leverhulme Trust

50,829

London School of Economics and Political Science

5,000

Medical Research Council

3,520

Michigan Retirement Research Center

71,620

National Foundation for Educational Research

24,318

National Infrastructure Commission

76,640

National Institute on Ageing

29,821

National Institutes of Health

87,634

Nuffield Foundation

322,415

Organisation for Economic Co-operation and Development

9,359

Others

41,631

Princeton University

5,554

Private Enterprise Development in Low-Income Count

56,018

Research Councils UK

42,530

Rockwool Foundation Research Unit

101,158

Social Mobility Foundation

6,348

The Health Foundation

102,349

Universities UK

15,750

University of South California

5,554

WaterAid

62,393

World Bank

218,124

The Institute also generates a small contribution to its overall costs from its members (1.4%) including corporate members (1%), publication of the Institute’s quarterly journal, Fiscal Studies (0.6%), and its events programme (1.3%).

Corporate members

We are grateful to all of our members for helping to support the work that we do. Please note that none of our publications necessarily reflect the views of any of the below members.

£1,000 - £10,000

Bank of England
Chartered Institute of Taxation (CIOT)
City of London Corporation
Confederation of British Industry
Deloitte LLP
Elliot Advisors (UK) Ltd
Freshfields Bruckhaus Deringer LLP
Frontier Economics
Gibson, Dunn and Crutcher
Grant Thornton
HM Revenue and Customs
HM Treasury
HSBC Holdings Plc
KPMG
Lane Clark & Peacock
Mercer
National Audit Office
Pension and lifetime Savings Association
Pricewaterhouse Coopers
RELX Group
Royal London
Shell
Standard Life
Universities UK
Wellington Management International Ltd
Zurich Financial Services

>£100 - £1,000

Treasury Comittee
House of Commons Library
Houses of the Oireachtas Service
John Swire & Sons Ltd
The Tax Faculty, ICAEW

Annual reports and accounts