Koch Family Foundations is the informal name for a group of charities in the United States of America associated with Fred C. Koch and his family. The most prominent of these is the Charles G. Koch Charitable Foundation.
The Charles G. Koch Charitable Foundation is established to advance social progress and well-being through the development, application and dissemination of "the Science of Liberty". The foundation has provided funding to a variety of organizations, usually libertarian or conservative think tanks and infrequently an environmentalist cause, such as the Cato Institute, the Institute for Humane Studies, Citizens for a Sound Economy, the Institute for Justice, the Alexis de Tocqueville Institution, and the Foundation for Research on Economics and the Environment.
Funding for the foundation comes from Charles G. Koch, chairman and chief executive officer of Koch Industries, the U.S.A.'s largest privately held company, with annual revenues of $110 billion. Koch Industries' owners include David H. Koch and Charles G. Koch, who have a combined personal fortune estimated at more than $24 billion, according to Forbes, and who have emerged as major political contributors in recent years.
Charles Koch was a co-founder of the Cato Institute in 1977.
David Koch is a former Libertarian vice-presidential candidate, helped found the Citizens for a Sound Economy in 1986, and has given over $21 million to the Cato Institute. David Koch has his own foundation.[1]
Sources
- Charles G. Koch Foundation
- Koch Industries
- Media Transparency entry on the Koch Family Foundations
- "Ari & I; White House Press Briefing with Ari Fleischer related by Russell Mokhiber regarding relationship between White House and Koch Industries, May 3, 2001.
- "Koch Industries, Market Process Analysis, and the Science of Liberty"
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