Name: Brookings Institution
Assets Under Management: $462.6 Million (Source: Brookings Institution on 6/30/2013)
Portfolio Insights: “Scholars with diverse points of view and experience in government, the private sector, and academia are drawn from the United States and abroad. Brookings’ mission is to provide high-quality, non-partisan analysis on the challenges facing an increasingly interdependent world. These activities are funded primarily through grants and contracts, contributions, and investment income.” (Source)
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Top Brookings Institution Endowment Fund Headlines:
1) In the past decade, the Brookings Institution adopted a strategy of rapid growth and aggressive fundraising. The organization was responding to challenges facing many academic institutions, as foundations began to place more restrictions on their grants and Brookings’s endowment income was not keeping up with spending needs.
So Brookings established new programs overseas and domestically, and worked to retain its primacy in the competitive world of policy think tanks. In doing so, it became more reliant on outside donors, including corporations, foreign governments and wealthy individuals. (Source)
2) The Brookings Institution was established by St. Louis tycoon and philanthropist, Robert Somers Brookings(1850-1932). At the age of 21, Brookings had become a partner in Cupples and Marston (a manufacturer of woodenware and cordage), which, ten years later, under his leadership, expanded and flourished. In 1896, at the age of 46, he retired to devote his duties towards higher education, and became President of Washington University’s Board of Trustees, which, through the next twenty years, turned into a major university. He was one of the original Trustees of the Carnegie Endowment for International Peace, and a consultant to the Commission on Economy and Efficiency during the Taft Administration. (Source)
3) The Brookings Institution is a private non-profit organization devoted to research, education and publication in economics, government, foreign policy, and the social sciences generally. Its principle purpose is to bring knowledge to bear on current and emerging public policy problems facing the American people. In its research, Brookings functions as an independent analyst and critic, committed to publishing its finding for the information of the public. In its conferences and other activities, it serves as a bridge between scholarship and public policy, bringing new knowledge to the attention of decision-makers and affording scholars a better insight into public policy issues. Its activities are carried out through three research programs; Economic Studies, Foreign Policy Studies, and Governmental Studies, a Center for Public Policy Education, a Publications program, and a Social Science Computation Center. (Source)
4) Apr 2, 2008 – Darrell West, currently director of the Taubman Center for Public Policy and American Institutions at Brown University, is joining the Brookings Institution as vice president and director of Governance Studies, Brookings President Strobe Talbott announced today.
Dr. West also directs the Taubman Center’s public opinion laboratory and holds the John Hazen White Chair as a professor of public policy and political science. During his eight years as director of the Taubman Center, the institution’s budget increased from $400,000 to $1.5 million and West raised over $10 million in endowment funds. (Source)
5) Jan 18, 2012 – The Brookings Institution was selected today as the “top think tank in the world” by an academic program that evaluated over 5,000 think tanks from across the globe.
That’s the second year in a row that Brookings has topped the “Global Go To Think Tanks Rankings,” compiled by the Think Tank and Civil Societies program at the University of Pennsylvania and published by the Diplomatic Courier. The project considered the views of 793 experts, 150 journalists and scholars, 55 current and former directors of think tank programs, 40 public and private donors, hundreds of think tanks, 25-30 intergovernmental organizations, and 120 academic institutions. (Source)