The CFA Institute Research Foundation is a not-for-profit organization that sponsors independent research for investors and investment professionals around the world. The foundation’s activities support the CFA Institute mission of promoting the highest standards of ethics
, education, and professional excellence for the ultimate benefit of society.
We publish research that is relevant, comprehensive, and offers innovation and insight,
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The foundation is a 501(c)(3) corporation solely sponsored by CFA Institute members and investment professionals. Your donation enables us to continue our important mission to fund, publish, and distribute in-depth, high quality, independent research relevant to the global investment community. Contributions may be tax deductible within the limits provided by law.

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