Today the Institution, which is located on the campus but is semi- autonomous from Stanford University, has an endowment of over $120 million, an annual operating budget of $15 million, and about 100 resident scholars, 40 visiting scholars, and 120 researchers and staff. It houses one of the largest private collections of documents on political, economic, and social change in the 20th century.
Stanford faculty occasionally sign petitions complaining about the
Institution. But in 1992 Stanford president Donald Kennedy resigned after
a scandal involving millions in federal research funds. The well-connected
Institution is starting to look less controversial all the time, and
private money is always easier than those busybody public auditors. Don't
expect any changes soon.
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