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

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
Gibson, Dunn and Crutcher
Grant Thornton
HM Revenue and Customs
HM Treasury
HSBC Holdings Plc
KPMG
Lane Clark & Peacock
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

• Accounts for 2016
• Accounts for 2015
• Accounts for 2014
• Accounts for 2013
• Accounts for 2012
• Accounts for 2011
• Accounts for 2010
• Accounts for 2009
• Accounts for 2008
• Accounts for 2007
• Accounts for 2006
• Accounts for 2005
• Accounts for 2004
• Accounts for 2003
• Accounts for 2002
• Accounts for 2001
• Accounts for 2000
• Accounts for 1999