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 2015. The first column shows income specifically for 2015; the second shows all income raised for current projects, many of which span several years.

Download a list of detailing all current projects and associated income.

Project and Centre funding

Funder

2016 grants (£)

3ie

251,847

ABI

3,081

Adam Smith International

18,881

Alfred P. Sloan Foundation

40,403

AXA

36,007

Bernard Van Leer Foundation

7,153

British Academy

200,245

Capita

7,638

Cardiff Business School

17,160

Chartered Insurance Institute

3,081

Children's Investment Fund Foundation

157,546

CIPFA

7,638

Department for Business, Innovation and Skills

40,902

Department for International Development

395,413

Department for Work and Pensions

49,472

Economic and Social Research Council

3,150,894

Economic and Social Research Council and others

34,725

Education Endowment Foundation

153,639

European Commission

22,302

European Research Council

704,657

Evidence Action

7,401

Family Nurse Partnership National Unit

19,665

Financial Conduct Authority

65,245

Grand Challenges Canada

73,406

Growth and Labour Markets in Low Income Countries Programme

47,802

ICAEW

59,203

Imperial College London

10,000

Investment Association (formerly IMA)

3,081

Joseph Rowntree Foundation

220,690

Legal and General Investment Management

3,081

Leverhulme Trust

70,582

London School of Economics and Political Science

5,000

Medical Research Council (via Bangor University)

4,472

Michigan Retirement Research Center

79,746

Money Advice Service

3,081

National Foundation for Educational Research

6,802

National Institutes of Health

237,653

National Institutes of Health (via Pennsylvania)

15,869

Non-metropolitan Councils

2,902

Nuffield Foundation

286,388

Private Enterprise Development in Low-Income Count

136,303

PwC

7,638

Research Councils UK

59,662

Rockwool Foundation Research Unit

6,241

Technology Strategy Board (via LSE)

4,920

The Health Foundation

133,920

TISA

3,081

Universities UK

17,995

USC Dornsife

6,059

WaterAid

65,735

Woodrow Wilson

6,059

World Bank

268,679

 

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
BP International Ltd
Chartered Institute of Public Finance & Accountancy, CIPFA
Chartered Institute of Taxation (CIOT)
Confederation of British Industry
Deloitte LLP
Elliot Advisors (UK) Ltd
Freshfields Bruckhaus Deringer LLP
Frontier Economics
GE International Inc
Gibson, Dunn and Crutcher
Grant Thornton
HM Revenue and Customs
HM Treasury
HSBC Holdings Plc
KPMG
Lane Clark & Peacock
Lloyds Bank
Mercer
Pension and lifetime Savings Association
Pricewaterhouse Coopers
RELX Group
Shell
Standard Life
The Russell Group
Universities UK
Wellington Management International Ltd
Zurich Financial Services

>£100 - £1,000

Age UK
Treasury Comittee
House of Commons Library
John Swire & Sons Ltd
Investment Management Association
Office for National Statistics
Rexam Plc
Tax Incentivised Savings Association (TISA)
The Tax Faculty, ICAEW
Travers Smith LLP

Annual reports and accounts