Free Market Think Tanks Don't Practice What They Preach
There are hundreds of free market think tanks in the world that can
only survive by being government designated registered charities.
They issue tax deductible receipts to the individuals and corporations
who give them money.
These free market think tanks denounce welfare bums and economic losers.
They denounce goverment services.
They demand that everyone must sink or swim in the free market.
But they do not practice what they preach.
They are not free market corporations competing to
sell a product in the free market. They preach capitalism but beg for charity handouts.
The following examples are UK, US and Canadian think tanks.
"Donate... We are a registered charity in the UK... [and] a non-profit foundaiton in the United States, under Section 501(c)(3)... deductible against US taxes."
The Cato Institute is a 501(c)(3) educational institute. Contributions are tax deductible. Cato currently accepts donations via credit card, PayPal and Bitcoin.
"donate an amount of your choosing" "The Manhattan Institute is a qualified 501(c)(3) nonprofit organization. Contributions to MI are tax-deductible."
(Mail in form) "your gift is tax deductible. Charitable Registration No. 11923 3823 RR0001. Public Foundation ("exclusively charitable purposes" CRA).
The Acton Institute is a tax-exempt organization under
Section 501(c)(3) of the Internal Revenue Code.
AIMS is a registered charity, Thank you for your tax-deductible contribution.
AEI is a qualified 501(c)(3) nonprofit organization and contributions to AEI are tax-deductible to the fullest extent of the law.
Thank you for support of Hudson Institute. Your tax-deductible gift will help support research and assist policymakers in making the best decisions for advancing global security, prosperity and freedom.
The IEA is an educational charity... No donation is too small..." Registered in England 755502, Charity No. CC/235 351. [In US] an incorporated 501(c) (3) charitable body."
Established in 1974 by Sir Keith Joseph and Margaret Thatcher.
Not a charity but a private company that relies on donations and memberships (Telegraph UK Jan. 2008).
"We appreciate your support! Contributions are tax-deductible"
"Are there any tax benefits as a result of such gifts? A. Yes. Not only can you enjoy a generous tax deduction, you may also minimize, delay, or completely avoid capital gains tax."
"The Atlas Economic Research Foundation is registered as a Section 501 (c)(3) non-profit organization. All contributions are tax-deductible to the extent permitted by law."
"Freedom Foundation (formerly Evergreen Freedom Foundation)... a 501(c)(3) non-profit think and action tank ... working to reverse the stranglehold public-sector unions have on our government"
"Donating money to a few of my favorite free-market organizations used to be a pleasant duty, but now I'm literally inundated with demands from hundreds of think tanks and public-policy groups" ~ Mark Skousen, May 2000
"Too Many Free-Market Think Tanks?"
In capitalism there is no such thing as a tax-deductible charity donation. In capitalism there is only profit or bankruptcy. These are the only two state-of-affairs: earn a profit or go bankrupt. The free market think tanks preach free market while having their hands out looking for non-profit donations.
Below: chart showing Annual Budgets of some American Think Tanks in millions
from the book by Donald Abelson:
A Capitol Idea: Think Tanks and U.S. Foreign Policy (McGill-Queen's University Press, 2006
) click for closer look
Search any registered Canadian Charity here
See also the articles
Top Ten Reasons
Fraser Institute - Free Market Charity?
first posted in 2005, updated 2016