| − | In 1977, [[Edward H. Crane]] and [[David H. Koch]], formed the Institute with a $500,000 grant from Koch Industries, a [[chemical]] and [[petroleum]] company. They based the foundation in [[Washington D.C.]] and named it the Cato Institute, after essays written in the 18th century called the [[Cato Letters]]. Cato stated that “Cato’s Letters… presented a vision of a society free from the tyranny of excessive government power. Those same ideals inspired the architects of the [[American Revolution]] and continue to inspire the work of the Cato Institute today."<ref>http://www.cato.org/about/reports/annual_report_2005.pdf</ref> | + | In 1977, [[Edward H. Crane]] and [[David H. Koch]], formed the Institute with a $500,000 grant from Koch Industries, a [[chemical]] and [[petroleum]] company. They based the foundation in [[Washington D.C.]] and named it the Cato Institute, after a series essays by John Trenchard and Thomas Gordon [http://www.libertyfund.org/details.asp?displayID=1595] written in the 18th century called the [[Cato Letters]]. Cato stated that “Cato’s Letters… presented a vision of a society free from the tyranny of excessive government power. Those same ideals inspired the architects of the [[American Revolution]] and continue to inspire the work of the Cato Institute today."<ref>http://www.cato.org/about/reports/annual_report_2005.pdf</ref> |