Governance

The Institute for Fiscal Studies is a not for profit institution, a registered charity and a company limited by guarantee.

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.

Council members

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.

An Executive Committee, elected from the Council, is responsible for the appointment of the Director and for the overall financial well-being of the Institute. Executive Committee members act as trustees of the IFS. They are accountable to the Charities Commission and are responsible for ensuring that the income and property of the Institute are applied fairly and correctly. Executive Committee Members also serve 3 year terms.

President

The Rt Hon The Lord O'Donnell Frontier Economics

Executive Committee Chair

David Miles Imperial College and Bank of England

Hon Company Secretary

Ian Menzies-Conacher

Executive Committee members

Jonathan Athow ONS
John Chown Chown Dewhurst LLP
Margaret Cole PriceWaterhouseCoopers
Jamie Bell Bank of England
Chris Davidson KPMG
Professor Denise Lievesley King's College London
Michael Ridge Frontier Economics
Nick Timmins King's Fund

Other Council members

Sir Alan Budd
Dame Frances Cairncross Heriot Watt University
Prof Judith Freedman Worcester College, Oxford
Chris Giles Financial Times
Baroness Hogg Financial Reporting Council
Will Hopper
Lord Kirkwood of Kirkhope Member of House of Lords
Francesca Lagerberg Grant Thornton
Chris Leslie Member of Parliament
Rachel Lomax
Professor Sir James Mirrlees Trinity College, Cambridge
Will Morris GE International
Paul Morton Reed Elsevier
Sue Owen Department of Culture, Media and Sport
Vicky Pryce CEBR
Sir Dave Ramsden HM Treasury
Bill Robinson KPMG
Dame Nemat Shafik London School of Economics
Sharon White OfCom

IFS Memorandum and Articles