The Heritage Foundation has just received a $25 million gift from the Diana Davis Spencer Foundation, one of the largest gifts in the think tank's 50-year history. It will be doled out in $5 million increments from 2023-2027.
Heritage said that the gift will go towards the think tank's long-term policy goals, including "countering the threat of communist China, holding Big Tech accountable, and others that support Heritage's mission to formulate and promote public policies based on the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense."
Here is more from Heritage on the background of the gift:
Shelby Cullom Davis and Kathryn Wasserman Davis, prominent American investors and philanthropists, became Heritage donors in 1979. Shelby served on the Board of Trustees from 1979-1992, including many years as chairman. Kathryn then served as an honorary trustee from 1994-2013.
The Davis family legacy continues through their daughter Diana Davis Spencer, who has devoted her life to cementing America’s founding principles in our country’s institutions as an activist, journalist, and philanthropic leader.
DDSF is now led by Abby Spencer Moffat, who currently serves as a Heritage trustee.
Earlier this month. the Brookings Institution received a $25 million grant, the largest in the think tank's 100+ year history.
