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Resources for the Future derives its operating budget from investment income; government grants, and contributions from individuals, foundations and corporations (corporate support cannot be earmarked for specific research projects). RFF is a publicly-funded organization under Section 501(c)(3) of the Internal Revenue Code, and all contributions are tax-deductible to the extent permitted by law.
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Revenue Percentages
In fiscal year 2006, RFF's operating revenue was $10.6 million, 64.8 percent of which came from individual contributions, foundation grants, corporate contributions, and government grants. RFF augments its income by an annual withdrawal from its reserve fund to support operations. At the end of fiscal year 2006, the reserve fund was valued at $35.6 million.
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Expense Percentages
RFF research and educational programs continued to be vital in 2006, representing 72.7 percent of total expenses. Management and administration, and development expenses combined were only 18.3 percent of the total. The balance is related to facilities rented to other nonprofit organizations.
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