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Entity DossierThink Tank

Competitive Enterprise Institute

DC

Tracked receipts exceed tracked giving by

$7,500,000

Libertarian think tank focused on regulatory policy and free markets.

deregulationthink tanksconservative policy
Cycle

Tracked direct giving

$0

Tracked donations to candidate

$7,500,000

Connections

14

The Money Trail

How money flowed to Competitive Enterprise Institute

$9.5M
5 transactions across 4 counterparties

Koch Industries directed $4.0M to Competitive Enterprise Institute across 2 contributions. Koch Industries opposes EPA Power Plant Emissions Rule.

Jan 2005individual EPA Power Plant Emissions Rule no recorded vote

Mercer Family Foundation directed $1.0M to Competitive Enterprise Institute.

Jan 2014individual
$9.5M tracked across 4 counterparties·3 policy outcomes

Dark Money Spending

Election spending by organizations that do not disclose their donors. Dark money flows through 501(c)(4) social welfare organizations, 501(c)(6) trade associations, and similar entities that are not required to reveal their funders. Figures below are never combined with disclosed-donor totals.

IRS 990 Schedule I Grant Chain

Grants between nonprofits reported on IRS Form 990 Schedule I. These inter-organizational transfers are a key pathway in dark money flows — a nonprofit may receive a grant from one entity and then spend that money on election ads.

IRS 990 Schedule I grants given

$31,000

GranteeAmountTax YearPurpose
TALENT MARKET CO AMERICA'S FUTURE$15,0002023GENERAL SUPPORT OF ORGANIZATION
State Policy Network$16,0002023SPONSORSHIP STATE LEADERS TO CONFERENCE

IRS 990 Schedule I grants received

$2,791,250

GrantorAmountTax YearPurpose
DonorsTrust$2,751,2502024for general operations
BRADLEY IMPACT FUND$40,0002024GENERAL OPERATING SUPPORT.

Source: IRS Form 990 Schedule I (Grants and Other Assistance to Organizations) via ProPublica Nonprofit Explorer and IRS 990 XML e-files. Grant amounts represent the most recent filing year available.

IRS 990 data lags a year or more behind filing. Grants shown are for the stated tax year and do not establish current-cycle funding.

Methodology Disclosure

Dark money figures are derived from FEC Form 5 (independent expenditures by non-committee organizations) and Form 9 (electioneering communications). These filings capture spending on ads and election communications but do not reveal the identity of the organization's donors. QPQ totals may differ from benchmarks like the Brennan Center's estimates because QPQ includes all Form 5 filers, while some benchmarks count only a subset of non-disclosing nonprofits. Grant chain data is from IRS Form 990 Schedule I and may not include all years or all grantee organizations.

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Donations Received

DonorAmountDateCycle
DonorsTrust$3,000,000Jan 1, 20102010
Koch Industries$2,000,000Jan 1, 20052006
ExxonMobil$1,500,000Jan 1, 20002000
Mercer Family Foundation$1,000,000Jan 1, 20142014

Relationships

TypeConnected ToDetailsSource
Gave money toTALENT MARKET CO AMERICA'S FUTUREIRS 990 Schedule I grant of $15,000 (tax year 2023). Purpose: GENERAL SUPPORT OF ORGANIZATIONSource
Gave money toState Policy NetworkIRS 990 Schedule I grant of $16,000 (tax year 2023). Purpose: SPONSORSHIP STATE LEADERS TO CONFERENCESource
shaped_policyLoper Bright v. Raimondo (Chevron overturned)CEI's multi-year legal campaign culminated in Supreme Court overturning Chevron deference in 2024.Editorial
commented_onOffice of the Comptroller of the CurrencyPublic comment on OCC-2020-0042: Fair Access to Financial ServicesSource
Published research forInflation Reduction Act (IRA)Published opposition research on IRA energy subsidies as market-distortingEditorial
commented_onFinancial Crimes Enforcement NetworkPublic comment on FINCEN-2020-0020: Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital AssetsSource
commented_onCenters for Medicare & Medicaid ServicesPublic comment on CMS-2025-1889: Global Benchmark for Efficient Drug Pricing ModelSource
commented_onFederal Trade CommissionPublic comment on FTC-2022-0053: Trade Regulation Rule on Commercial Surveillance and Data SecuritySource
Received money fromDonorsTrustIRS 990 Schedule I grant of $2,751,250 (tax year 2024). Purpose: for general operationsSource
Received money fromBRADLEY IMPACT FUNDIRS 990 Schedule I grant of $40,000 (tax year 2024). Purpose: GENERAL OPERATING SUPPORT.Source
Hosts research funded byMercer Family FoundationMercer Family Foundation donated ~$1.0M to Competitive Enterprise Institute (2014-2020)Editorial
Hosts research funded byDonorsTrustDonorsTrust donated ~$3.0M to Competitive Enterprise Institute (2010-2023)Editorial
Hosts research funded byKoch IndustriesKoch Industries donated ~$2.0M to Competitive Enterprise Institute (2005-2023)Editorial
Hosts research funded byExxonMobilFunded CEI regulatory policy researchEditorial