The aims of the Institute, laid out in its Memorandum and Articles, are to "advance education for the benefit of the public by promoting on a non-political basis the study and discussion of and the exchange and dissemination of information and knowledge concerning the economic and social effects and influences of existing taxes, proposed changes in fiscal systems and other aspects of public policy, in each case whether in the United Kingdom or elsewhere in the world".
The Institute for Fiscal Studies is a company, limited by guarantee and registered in England at 7 Ridgmount Street, London, WC1E 7AE (company registration number 954616). It is also a registered charity, number 258815.
How we are governed
The IFS employs directly some 60 staff based at its offices in London. Research staff are divided into sectors and a small core of finance, communications, technical and secretarial staff provides support facilities. Responsibility for management of the Institute lies with the director, who works with the research director to provide intellectual leadership of the research programme.
In addition, around 20 senior academic staff are seconded by the Institute from UK universities on a part-time basis. Other academics from both UK and overseas institutions work with the staff as Research Fellows and Research Associates on an ad-hoc collaborative basis.
The IFS Council gives advice on strategic matters involving the Institute’s finances and research. Council members are elected from the membership for a term of 3 years.
A Board of Trustees, elected from the Council, is responsible for the appointment of the Director and for the overall financial well-being of the Institute. The Trustees are accountable to the Charities Commission and are responsible for ensuring that the income and property of the Institute are applied fairly and correctly. Trustees also serve 3 year terms.