Brookings Institution

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Brookings Institution
BROOKINGS logo.jpg
Basic facts
Location:Washington, D.C.
Type:501(c)(3)
Affiliation:Nonpartisan
Top official:Strobe Talbott
Founder(s):Robert S. Brookings
Year founded:1916
Website:Official website
Promoted policies
Foreign Policy, Economics, Development, Governance and Metropolitan Policy
Budget
2013:$106,526,578
2012:$100,602,993
2011:$130,784,440
2010:$100,222,125



The Brookings Institution is a policy research center based in Washington, D.C. Describing itself as independent and nonpartisan, the 501(c)(3) nonprofit organization was founded in 1916 as the Institute for Government Research. Brookings scholars study a range of issues, including economic policy, foreign policy and metropolitan policy.[1] It has variously been described in news reports as "liberal" and "centrist."[2][3][4]

Mission

The Brookings Institution is guided by the following mission statement:

Our mission is to conduct high-quality, independent research and, based on that research, to provide innovative, practical recommendations that advance three broad goals:

Strengthen American democracy; Foster the economic and social welfare, security and opportunity of all Americans; and Secure a more open, safe, prosperous and cooperative international system.[2][5]

History

The Brookings Institution, originally the Institute for Government Research, was founded by Robert S. Brookings in 1916. IGR launched the Institute of Economics in 1922 and founded a graduate school in 1924. All three entities merged into the Brookings Institution in 1927. One of the organization's first projects was to craft legislation that created the first U.S. Bureau of the Budget.[1]

Work

According to NPR, Brookings employs "former politicians, government officials, journalists and academics spanning the ideological spectrum." It has been described by other outlets as "liberal" and "centrist."[6][2][3][4] In 2014, the Institution was ranked the most influential think tank worldwide by the University of Pennsylvania's Think Tanks and Civil Societies Program.[7]

Brookings Institution scholars work in five broad areas of research:[2]

  • Foreign Policy
  • Governance Studies
  • Metropolitan Policy
  • Global Economy and Development
  • Economic Studies

Leadership

Board members

The Board of Trustees of the Brookings Institution included the following individuals, as of July 2015:[8]

  • David M. Rubenstein (Co-Chair), Co-Founder and Co-CEO, The Carlyle Group
  • John L. Thornton (Co-Chair)
  • Glenn Hutchins (Vice Chair), Co-Founder, Silver Lake
  • Suzanne Nora Johnson (Vice Chair), Former Vice Chairman, The Goldman Sachs Group, Inc.
  • Strobe Talbott, President, The Brookings Institution
  • Robert J. Abernethy, President, American Standard Development Co., Inc.
  • Paul M. Achleitner, Chairman of the Supervisory Board, Deutsche Bank AG
  • Liaquat Ahamed, Former Chief Executive Officer, Fischer Francis Trees and Watts, Inc.
  • Dominic Barton, Global Managing Director, McKinsey & Company, Inc.
  • Robert M. Bass, President, Keystone Group, L.P.
  • Alan R. Batkin, Chairman, Converse Associates, Inc.
  • Crandall Bowles, Chairman, The Springs Company
  • Hanzade Dogan Boyner, Vice Chairwoman, Dogan Holding Sirketler Grubu A.S.
  • Paul L. Cejas, Chairman, PLC Investment, Inc.
  • W. Edmund Clark, President and CEO, TD Bank Group
  • Abby Joseph Cohen, President, Global Markets Institute and Senior Investment Strategist, Goldman, Sachs & Co.
  • Betsy Z. Cohen, Chief Executive Officer, The Bancorp
  • Arthur R. Collins, Managing Partner, theGROUP
  • Howard E. Cox, Advisory Partner, Greylock
  • Arthur B. Culvahouse Jr., Partner, O'Melveny & Myers LLP
  • Alan M. Dachs, President and CEO, Fremont Group
  • Paul Desmarais Jr., Chairman and Co-CEO, Power Corporation of Canada
  • Kenneth M. Duberstein, Chairman and CEO, The Duberstein Group, Inc.
  • Cheryl Cohen Effron, Founder, Conjunction Fund
  • Alfonso Fanjul, Chairman and Chief Executive Officer, Fanjul Corp. and Florida Crystals Corporation
  • Bart Friedman, Senior Partner, Cahill Gordon & Reindel
  • Ann M. Fudge, Former Chairman and CEO, Young & Rubicam Brands
  • Ellen Futter, President, American Museum of Natural History
  • Brian L. Greenspun, Chairman and CEO, Greenspun Media Group
  • Pete Higgins, Founding Partner, Second Avenue Partners
  • Shirley Ann Jackson Ph.D., President, Rensselaer Polytechnic Institute
  • Benjamin R. Jacobs, Senior Advisor/Founder, The JBG Companies
  • Richard A. Kimball Jr., Chief Strategy Officer, Accretive Health Inc.
  • Klaus Kleinfeld, Chairman and Chief Executive Officer, Alcoa, Inc.
  • Philip H. Knight, Chairman, Nike, Inc.
  • Nigel Morris, Managing Partner, QED Investors
  • James Murren, Chairman and CEO, MGM Resorts International
  • Thomas C. Ramey, Former Chairman, Liberty International, Liberty Mutual Group
  • Steven Rattner, Chairman, Willett Advisors LLC
  • Edgar Rios, Co-Founder and Managing Director, Wenzi Capital Partners
  • James Rogers, Chairman, Duke Energy
  • Wilbur Ross, Chief Executive Officer, WL Ross & Co. LLC
  • Haim Saban, Chairman and CEO, Saban Capital Group, Inc.
  • Victoria P. Sant, President, The Summit Foundation
  • Leonard D. Schaeffer, Founding Chairman & CEO, WellPoint
  • Peter Scher, Executive Vice President and Head of Corporate Responsibility, JPMorgan Chase & Co.
  • Amy W. Schulman
  • Lynn Thoman, Co-President, Leon Lowenstein Foundation
  • Andrew H. Tisch, Co-Chairman of the Board, Loews Corporation
  • Beatrice W. Welters, Founder and Co-Chairperson, AnBryce Foundation
  • John H. White Jr., President and CEO, Taco, Inc.
  • Tracy R. Wolstencroft, CEO, Heidrick and Struggles
  • Daniel Yergin, Vice-Chairman, IHS, Inc; Founder, IHS Cambridge Energry Research Associates
  • Lei Zhang, Founder and CEO, Hillhouse Capital Management
  • Daniel B. Zwirn, Managing Partner, Zwirn Family Interests, LLC

Finances

The following is a breakdown of the Brookings Institution's revenue and expenses for the 2010-2013 fiscal years:

Annual revenue and expenses for the Brookings Institution, 2010-2013
Tax Year Total Revenue Total Expenses
2013[9] $106,526,578 $99,568,985
2012[9] $100,602,993 $96,726,329
2011[10] $130,784,440 $93,962,754
2010[10] $100,222,125 $88,922,671

Recent news

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See also

External links


Footnotes