Fraser Institute


The Fraser Institute is a Canadian public policy think tank and registered charity. It has been described as politically conservative and libertarian. The institute is headquartered in Vancouver, with offices also located in Calgary, Toronto, and Montreal, and ties to a global network of 80 think-tanks through the Economic Freedom Network.
According to the 2014 Global Go To Think Tank Index Report, Fraser is number 23 in the "Top Think Tanks Worldwide ", number 19 in the "Top Think Tanks Worldwide " and number 1 in the "Top Think Tanks in Mexico and Canada".

History

The Fraser Institute was founded in 1974 by Michael Walker, an economist from the University of Western Ontario, and businessman T. Patrick Boyle, then a vice-president of MacMillan Bloedel. It obtained charitable status in Canada on October 22, 1974, and in the United States in 1978. Its stated mission is "to measure, study, and communicate the impact of competitive markets and government intervention on the welfare of individuals." The institute is named after the Fraser River.
Sir Antony Fisher, previously instrumental in setting up the UK's Institute of Economic Affairs, was appointed acting director in 1975, until Walker became executive director in 1977. In its first full year of operation, 1975, the institute reported revenues of $421,389. In 1988, revenues exceed $1 million, and in 2003, $6 million.

Political stance

The Fraser Institute describes itself as "an independent international research and educational organization", and envisions "a free and prosperous world where individuals benefit from greater choice, competitive markets, and personal responsibility".
Forbes has referred to the think tank as libertarian. The New York Times has described the institute as libertarian and conservative. The Calgary Herald called it conservative, Langley Times classified it as right-of-center libertarian.

Funding

As a registered charity with the Canada Revenue Agency, the institute files annual registered charity information returns. In 2010, the institute reported having $4.5 million CAD in assets and $10.8 million in annual revenue.
The institute depends on contributions from individuals, corporations, and foundations. It does not accept government grants or payments for research, however individual donors may claim tax credits for donations and corporate donors may claim tax deductions.
The institute has received donations of hundreds of thousands of dollars from foundations controlled by Charles and David Koch, with total donations estimated to be approximately $765,000 from 2006 to 2016. It also received US$120,000 from ExxonMobil in the 2003 to 2004 fiscal period. In 2016, it received a $5 million donation from Peter Munk, a Canadian businessman.
In 2012, the Vancouver Observer reported that the Fraser Institute had "received over $4.3 million in the last decade from eight major American foundations including the most powerful players in oil and pharmaceuticals". According to the article, "The Fraser Institute received $1.7 million from 'sources outside Canada' in one year alone, according to the group's 2010 Canada Revenue Agency return. Fraser Institute President Niels Veldhuis told The Vancouver Observer that the Fraser Institute does accept foreign funding, but he declined to comment on any specific donors or details about the donations."

Research and publications

The institute self-publishes a variety of reports:
The institute periodically hosts free seminars across Canada for students, teachers, and journalists, focusing on key economic concepts and timely issues in public policy. In 2010, the institute hosted eight one-day student seminars, attracting more than 775 participants.
The Fraser Institute also offers an internship program, to which more than 431 individuals applied in 2010.

Other initiatives

Children First

Canada's first privately funded program of its kind, Children First: School Choice Trust, offers tuition assistance grants to help parents in financial need send their children to an independent school of their choice.
The program was discontinued in 2012.

Donner Awards

Canada's largest non-profit recognition program, the Donner Canadian Foundation Awards for Excellence in the Delivery of Social Services recognize non-profit social service agencies that, despite budget limitations, excel in terms of management and service delivery. Winners are selected every year in a variety of categories, and share in $60,000 prize money.

School Chain Showcase

A global database of school chains, the multilingual website allows anyone to connect with school chain operators around the world.

Governance

In April 2012, economist Niels Veldhuis was appointed president. The institute is governed by a board of trustees. Current members of the board include Peter Brown, Mark Mitchell, and Edward Belzberg.

Associated people

The institute has attracted some well-known individuals to its ranks, including politicians such as former Reform Party of Canada leader Preston Manning, former Progressive Conservative Ontario premier Mike Harris, former Progressive Conservative Alberta premier Ralph Klein, and former Liberal Newfoundland & Labrador premier Brian Tobin. From 1979 to 1991, the institute's senior economist was Walter Block. Former Alberta Wildrose Party leader, now talk show host Danielle Smith.

Controversies

According to an article published in CBC News Online, some people allege that Michael Walker helped set up the institute after he received financial backing from forestry giant MacMillan Bloedel, largely to counter British Columbia's NDP government, then led by premier Dave Barrett.
In late 1997, the institute set up a research program emulating the UK's Social Affairs Unit, called the Social Affairs Centre. Its founding director was Patrick Basham. The program's funding came from Rothmans International and Philip Morris. When Rothmans was bought by British American Tobacco in 1999, its funding ended, and in 2000 the institute wrote to BAT asking for $50,000 per year, to be split between the Social Affairs Centre and the Centre for Risk and Regulation. The letter highlighted the institute's 1999 publication Passive Smoke: The EPA's Betrayal of Science and Policy, "which highlighted the absence of any scientific evidence for linking cancer with second-hand smoke received widespread media coverage both in Canada and the United States". At this time the CEO of BAT's Canadian subsidiary, Imasco, was also on the Fraser Institute's board of trustees. The Fraser Institute ceased disclosing its sources of corporate funding in the 1980s.
In 1999, the Fraser Institute was criticized by health professionals and scientists for sponsoring two conferences on the tobacco industry entitled Junk Science, Junk Policy? Managing Risk and Regulation and Should Government Butt Out? The Pros and Cons of Tobacco Regulation. Critics charged the institute was associating itself with the tobacco industry's many attempts to discredit authentic scientific work.
In 2004, the Fraser Institute issued a statement of support for the legalization of cannabis and its sale on the market.