The Institute for New Economic Thinking
New York, NY · EIN 27-1916040. Reported 46 grants totalling $3,584,842 to 34 recipients across tax years 2020-2024. This foundation did not tell the IRS it funds only preselected organizations.
Does this foundation accept applications?
Yes -- on its own tax return. Form 990-PF asks every private foundation whether it makes grants only to organizations it selects itself. Of the 91,758 foundations in our data that made a grant and answered, 78% said yes -- and applying to those is wasted effort. The Institute for New Economic Thinking did not check that box on its most recent filing, which puts it in the minority that is at least open to being approached.
How big are its grants?
The median grant is $43,773. Half of everything it gave fell between $21,725 and $94,998; the smallest was $15,000 and the largest $750,000. If you are asking for materially more than the top of that range, you are asking the wrong foundation.
It also files a Form 990 with Schedule I
Separately from its 990-PF, this organization reported 18 grants on Form 990 Schedule I, with a median of $49,500 and a total of $1,044,174.
Every organization it funded
This is the complete list from its filings, largest first. Recipients are grouped by name and state as they were written on the returns, so an organization entered under two different names appears twice. Years funded is the number of separate tax years in which that name received money.
| Organization | Location | Total received | Grants | Years funded | Last |
|---|---|---|---|---|---|
| University of Cambridge | Cambridge | $750,000 | 1 | 1 | 2020 |
| The Academic-Industry Research Network | Cambridge, MA | $515,854 | 5 | 5 | 2024 |
| University of Chicago | Chicago, IL | $325,000 | 1 | 1 | 2020 |
| Trustees of Columbia University | New York, NY | $260,902 | 1 | 1 | 2020 |
| Trustees of Columbia University in the City of New York | New York, NY | $238,877 | 2 | 2 | 2022 |
| University of Utah | Salt Lake City, UT | $224,300 | 5 | 5 | 2024 |
| New York University | New York, NY | $196,580 | 2 | 2 | 2022 |
| Stitching University European Climate Foundation | Am the Hague | $96,484 | 1 | 1 | 2020 |
| London Business School | London | $94,998 | 1 | 1 | 2020 |
| Center for Economic and Policy Research | Washington, DC | $89,375 | 3 | 3 | 2023 |
| Ucl Friends and Alumni Association Inc | Wilmington, DE | $82,675 | 1 | 1 | 2020 |
| University of Oxford | Oxford | $64,605 | 1 | 1 | 2020 |
| Bentley University | Waltham, MA | $50,000 | 1 | 1 | 2020 |
| University of Pennsylvania | Philadelphia, PA | $50,000 | 1 | 1 | 2020 |
| Basic Income Network Italia | London | $49,950 | 1 | 1 | 2020 |
| Ecole D'economie De Paris | Paris | $49,875 | 1 | 1 | 2020 |
| Columbia University | New York, NY | $46,922 | 1 | 1 | 2020 |
| The Rector and Visitors of the University of Virginia | Charlottesville, VA | $46,477 | 1 | 1 | 2021 |
| Cornell University | Ithaca, NY | $40,000 | 1 | 1 | 2020 |
| George Washington University | Washington, DC | $37,485 | 1 | 1 | 2020 |
| Brodolini Foundation | Rome | $33,700 | 1 | 1 | 2020 |
| Research Foundation of the City University of New York - CUNY | Flushing, NY | $28,350 | 1 | 1 | 2021 |
| Loyola Marymount University | Los Angeles, CA | $26,083 | 1 | 1 | 2020 |
| Frankfurt School of Finance and Management | Frankfurt Am Main | $24,750 | 1 | 1 | 2020 |
| Wayne State University | Detroit, MI | $21,725 | 1 | 1 | 2020 |
| University of Texas Rio Grande Valley Foundation | Mcallen, TX | $21,002 | 1 | 1 | 2023 |
| University of Wuerzburg | Wurzburg | $20,318 | 1 | 1 | 2020 |
| Universita Roma Tre-Stirati | Rome | $18,055 | 1 | 1 | 2020 |
| Dezernat Zukunft | Berlin, Berlin | $17,500 | 1 | 1 | 2020 |
| Economic Research Foundation | New Delhi, Delhi | $15,000 | 1 | 1 | 2020 |
| Giulla Zacchia | Rome | $15,000 | 1 | 1 | 2020 |
| University of Southern California | Los Angeles, CA | $15,000 | 1 | 1 | 2020 |
| President and Fellows of Harvard College Harvard Law School | Cambridge, MA | $12,000 | 1 | 1 | 2023 |
| The Capital Institute | Stonington, CT | $6,000 | 1 | 1 | 2022 |
5 of 34 (15%) received money in more than one year over the 5 years we hold.
Measured the way we measure every foundation -- what share of one year's grantees are funded again the next -- this one retains 40%, across 4 year-to-year transitions. The median foundation retains about 67%, so this one is less consistent than most. This measures how often it paid the same organizations again. It says nothing about whether it would consider a new one.
What the money was for
Taken verbatim from the purpose field of its filings. This is the closest thing to a statement of what this foundation cares about, in its own words.
- Trustees of Columbia University
MACRO EFFICIENCY AND INNOVATION - The Academic-Industry Research Network
INNOVATION AND FINANCIALIZATION IN THE EV INDUSTRY, PARTICULARLY FOCUSED ON BATTERIES - Trustees of Columbia University in the City of New York
STIGLITZ POST-DOCTORAL FELLOWSHIP - New York University
IMPERFECT KNOWLEDGE ECONOMICS - University of Utah
THE CONSUMER WELFARE STANDARD: AN ASPIRATIONAL OBITUARY - Ecole D'economie De Paris
POLITICAL ECONOMY OF DISTRIBUTION
What kind of organizations it funds
By the activity category the IRS assigns each recipient, for the 9 grants where we could match the recipient to a registered organization. The categories are the IRS's. The match, made from the name and address on the return, is ours.
Giving by year
| Tax year | Grants | Total | Median grant |
|---|---|---|---|
| 2020 | 28 | $2,540,668 | $43,773 |
| 2021 | 6 | $294,170 | $0 |
| 2022 | 5 | $368,856 | $0 |
| 2023 | 5 | $161,651 | $0 |
| 2024 | 2 | $219,497 | $0 |
Tax years, not calendar years, and the most recent year is usually incomplete -- filings arrive about a year late, so a low final year means late paperwork rather than a foundation winding down.
Already committed for future years
Form 990-PF has a separate schedule for grants approved but not yet paid. The Institute for New Economic Thinking has 23 of them, worth $1,928,086. This is the one part of the filing that looks forward rather than back.
| Organization | Location | Approved |
|---|---|---|
| University of Chicago | Chicago, IL | $750,000 |
| University of Cambridge | Cambridge | $375,000 |
| Trustees of Columbia University | New York, NY | $188,209 |
| New York University | New York, NY | $131,600 |
| Stitching University European Climate Foundation | Am the Hague | $47,949 |
| Columbia University | New York, NY | $46,922 |
| Ecole D'economie De Paris | Paris | $41,125 |
| Cornell University | Ithaca, NY | $40,000 |
| University of Wuerzburg | Wurzburg | $39,378 |
| Center for Economic and Policy Research | Washington, DC | $30,125 |
| University of Warwick | Coventry | $30,000 |
| Frankfurt School of Finance and Management | Frankfurt Am Main | $24,750 |
| London Business School | London | $24,750 |
| Wayne State University | Detroit, MI | $21,725 |
| University of Southern California | Los Angeles, CA | $20,000 |
Where its money goes
34% of its giving went to organizations in New York. If your organization is based elsewhere, look in the recipient list for grants to your area before writing.
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Funders that support the same organizations
These funders gave to organizations this one also funded -- some private foundations, some community foundations and other grantmaking charities. Shared grantees are a sign of overlapping priorities and nothing more: they do not show that any of these funders would consider a new organization. Each page says what its filings show.
How to approach this foundation
- Check you are its size. The median grant is $43,773. A request many times that size asks for something it has rarely or never given.
- Check you are in its geography. Its giving is concentrated in New York.
- Read the recipient list above for organizations like yours. If nothing on it resembles your work, that is a real answer, and a cheap one to get.
- Look up the current filing before writing. The 990-PF names the foundation's officers and, where one exists, its application procedure. We link it below.
Related guides
Where these numbers come from
Everything above is taken from The Institute for New Economic Thinking's own Form 990-PF filings, which the IRS publishes in bulk. We used 1 return. Grant figures are from its returns. Matching recipients to registered organizations, their IRS classifications, the retention rate and the funders that support the same organizations are our own calculations, described in how we build this.
Address of record on the latest return: 300 Park Avenue South, New York, NY, 10010. This is the address the foundation gave the IRS; many small foundations file through an accountant or a bank trust department, so it may not be where post to a programme officer should go.
EIN 27-1916040 · See the original filings on ProPublica · How we build this
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