The Mercatus Center is an independent free-market research institution housed at George Mason University in Northern Virginia. It is led by George Mason University professor Tyler Cowen.
Financial Statistics
Total Assets
Total Revenue
Total Expenses Year Total Assets Total Revenue Total Expenses Filing 2025 $43,506,821 $48,287,301 $40,947,240 View 2024 $36,765,270 $39,338,379 $44,809,520 View 2023 $43,118,804 $47,446,892 $49,250,629 View 2022 $43,899,623 $50,106,510 $45,086,723 View 2021 $39,656,481 $50,050,104 $48,712,721 View 2020 $43,397,524 $71,902,379 $57,876,827 View
Prior year filings: 2015 , 2014 , 2013 , 2012 , 2011
Revenue Detail
Expenses Detail Employee Compensation Highest Earning Employees Employee Title Total Compensation Benjamin Klutsey Executive Director (from 6/24) $381,957 Daniel Butler Vice President of Development $369,094 Veronique De Rugy George Gibbs Chair Project Sr Research Fellow $339,754 Daniel M Rothschild Executive Vice President (6/24-10/24) $318,494 Eileen Norcross Vice President of Research $311,757 Jennifer Zambone Secretary and Chief Operating Officer $285,232 Virgil Henry Storr Director (SVP of Research & Programs) $256,870 Brett Doyle Managing Director $241,648 Alden Abbott Senior Research Fellow $241,631 Gary Leff Treasurer and Chief Financial Officer $221,629 Tyler Cowen Chairman $128,367 Donald Boudreaux Director $83,500
More + Less – Grant Activity Grants Received Grants Given
All-time grants received statistics from Candid dataset:
Total Grant Value: $376,472,453 Number of Grants: 1,133 Number of Funders: 268 Selection of highest value grants received from the last seven years:
Amount Year Funder Subject $32,386,228 2020 George Mason University Foundation Inc Program support $28,927,347 2022 George Mason University Foundation Inc PROGRAM SUPPORT $28,762,071 2023 George Mason University Foundation Inc PROGRAM SUPPORT $24,613,914 2024 George Mason University Foundation Inc PROGRAM SUPPORT $23,138,360 2021 George Mason University Foundation Inc PROGRAM SUPPORT $10,132,500 2021 Vanguard Charitable FOR RECIPIENT'S EXEM $9,136,450 2022 Vanguard Charitable For recipient's exempt purpose $9,106,000 2023 Vanguard Charitable FOR RECIPIENT'S EXEMPT PURPOSE $7,519,320 2020 Fidelity Investments Charitable Gift Fund For grant recipient's exempt purposes $6,150,300 2024 Vanguard Charitable FOR RECIPIENT'S EXEMPT PURPOSE $5,000,000 2020 StartSmall LLC To support the Fastgrants Program to get grants out quickly to scientists at academic institutions currently working on coronavirus (COVID-19) related projects and are in need of funding. Fast Grants are $10K to $500K and decisions are made in under 48 hours. $3,000,000 2020 Valhalla Foundation COVID-19 MEDICAL RESEARCH – FAST GRANTS $2,279,800 2022 Donor Advised Charitable Giving, Inc. PUBLIC, SOCIETAL BENEFIT $1,894,100 2020 Donor Advised Charitable Giving, Inc. Public, societal benefit $1,362,000 2020 National Philanthropic Trust Education $1,000,000 2023 John Templeton Foundation UNDERSTAND&TEACH THE FOUNDATIONS OF COMM RESILIENCE & THE BENEFITS OF FREEDOM $1,000,000 2020 Skoll Foundation FAST GRANTS $1,000,000 2020 Silicon Valley Community Foundation COVID-19 Related $1,000,000 2020 Crankstart Foundation EMERGENT VENTURES $1,000,000 2020 Quadrivium GENERAL $1,000,000 2020 Silicon Valley Community Foundation $1,000,000 2020 Musk Foundation For covid-19 scientific research $750,000 2020 The 85 Fund general support $700,000 2020 Thomas W Smith Foundation Inc EDUCATION $640,088 2023 John Templeton Foundation TRAINING SCHOLARS ACROSS DISCIPLINARY LINES TO EXPLORE ADAM SMITHS APPROACH TO POLITICAL ECONOMY
More + Less – All-time grants given statistics from Candid dataset:
Total Grant Value: $54,421,642 Number of Grants: 322 Number of Recipients: 175 Selection of highest value grants given from the last seven years:
Amount Year Funder Subject $3,300,000 2020 Society of Women Engineers University Research & Teaching/ Education Grants $2,450,000 2020 Regents of the University of California, San Francisco University Research & Teaching/ Education Grants $1,770,800 2020 STANFORD UNIVERSITY University Research & Teaching/ Education Grants $1,550,000 2021 Yale University University Research & Teaching /Education Grants $1,100,000 2024 Kyiv School of Economics Research and Education Grants $1,047,000 2021 STANFORD UNIVERSITY University Research & Teaching /Education Grants $1,046,786 2021 Washington University University Research & Teaching /Education Grants $1,000,000 2023 Essential Impact Inc Research Grants $1,000,000 2023 Kyiv School of Economics Research and Education Grants $900,000 2021 Children's Hospital Corporation University Research & Teaching /Education Grants $800,000 2020 Icahn School of Medicine at Mount Sinai University Research & Teaching/ Education Grants $800,000 2020 Yale University University Research & Teaching/ Education Grants $764,235 2023 The Roy Rosenzweig Center for History and New Media Student development/education grant $700,000 2020 Children's Hospital Corporation University Research & Teaching/ Education Grants $700,000 2020 University of Washington Seattle University Research & Teaching/ Education Grants $690,000 2020 The Rockefeller University University Research & Teaching/ Education Grants $683,483 2022 George Mason University – Law and Economics Center University Research & Teaching / Education Grants $630,000 2021 Emory University University Research & Teaching /Education Grants $600,000 2021 The Scripps Research Institute University Research & Teaching /Education Grants $600,000 2020 Tulane University University Research & Teaching/ Education Grants $550,000 2020 Emory University University Research & Teaching/ Education Grants $500,000 2023 Ukraine Defense Fund Research Grants $500,000 2021 Icahn School of Medicine at Mount Sinai University Research & Teaching /Education Grants $500,000 2021 University of California Berkeley Foundation University Research & Teaching /Education Grants $500,000 2021 University of Minnesota Foundation University Research & Teaching /Education Grants
More + Less – 
