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In 2005, the Cato Institutes revenues amounted to over 22.4 million, with approximately 80 percent of the funding coming from individual donations, and another 8 percent from cooperations. It is classified as a tax-exempt educational foundation, falling under Section 501(c)3 of the [[Internal Revenue Code]].
 
In 2005, the Cato Institutes revenues amounted to over 22.4 million, with approximately 80 percent of the funding coming from individual donations, and another 8 percent from cooperations. It is classified as a tax-exempt educational foundation, falling under Section 501(c)3 of the [[Internal Revenue Code]].
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==Milton Fiedman Prize==
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==Milton Friedman Prize==
 
Every second year since 2002, the Cato Institute has awarded ''The Milton Friedman Prize for Advancing Liberty'' (named after British economist [[Milton Friedman]]) to an individual judged to have made a "significant contribution to advance human freedom"<ref>http://www.cato.org/special/friedman/about.html</ref>. The recipients have been:
 
Every second year since 2002, the Cato Institute has awarded ''The Milton Friedman Prize for Advancing Liberty'' (named after British economist [[Milton Friedman]]) to an individual judged to have made a "significant contribution to advance human freedom"<ref>http://www.cato.org/special/friedman/about.html</ref>. The recipients have been:
  
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