## Rising to Liberty’s Greatest Challenges 2023 Annual Report ![Mountains Cover - Annual Report 2023](/sites/cato.org/files/styles/aside_3x/public/2024-07/mountains-ar-hero.png?itok=whxIsMUY) ## Rising to Liberty’s Greatest Challenges 2023 Annual Report ## Message *from the* President and Chairman [![Media Name: goe-peter-cropped.jpg](/sites/cato.org/files/styles/author_picture/public/authors/crops/goe-peter-cropped.jpg?itok=mMl9a0--)](/people/peter-goettler) ##### [Peter Goettler](/people/peter-goettler) President and CEO ![James M. Lapeyre, Jr.](/sites/cato.org/files/styles/author_picture/public/2023-06/Lapeyre_3.jpg?itok=0AEMvfCm) ##### James M. Lapeyre, Jr. Board Chair When renowned mountaineer George Mallory was asked why he wanted to climb Mount Everest, he replied with the now‐​iconic quote: “Because it’s there.” Just as Mallory accepted the challenge of Everest, so too must we confront the strongest threats to liberty and the greatest obstacles to a free and open society. And not simply because they are there, but because doing so is our moral responsibility. [Read the full message](/cato-institute-2023-annual-report/message-president-chairman) ## Table *of* Contents [![Cato headquarters with a blue overlay.](/sites/cato.org/files/styles/content_teaser/public/2023-02/CatoHQ%20copy_0.jpg?itok=p1efnNuP)](https://www.cato.org/cato-institute-2023-annual-report/numbers) ### [By the Numbers](/cato-institute-2023-annual-report/numbers) #### Rising to the Challenge [![Illustration of a Hiker atop a Mountain - Annual Report 2023](/sites/cato.org/files/styles/content_teaser/public/2024-06/mountain-illustration-ar23.png?itok=IZa8U-8h)](https://www.cato.org/cato-institute-2023-annual-report/introduction) Publications ### [Introduction](/cato-institute-2023-annual-report/introduction) [![USD - Capitol Building Collage - Annual Report 2023](/sites/cato.org/files/styles/content_teaser/public/2024-07/fiscal-restraint-ar23.jpg?itok=nM7bIGn1)](https://www.cato.org/cato-institute-2023-annual-report/promoting-fiscal-regulatory-restraint) Publications ### [Promoting Fiscal and Regulatory Restraint](/cato-institute-2023-annual-report/promoting-fiscal-regulatory-restraint) [![Businessman Standing Looking Through Spyglass On Mountain Peak](/sites/cato.org/files/styles/content_teaser/public/2024-07/mountain-human-progress.jpg?itok=PExz-s4U)](https://www.cato.org/cato-institute-2023-annual-report/changing-narrative-human-progress) Publications ### [Changing the Narrative on Human Progress](/cato-institute-2023-annual-report/changing-narrative-human-progress) [![Declaration of Independence with Quill ](/sites/cato.org/files/styles/content_teaser/public/2024-07/dec-of-indp-ar23.jpg?itok=KtN_igOv)](https://www.cato.org/cato-institute-2023-annual-report/restoring-constitution) Publications ### [Restoring the Constitution](/cato-institute-2023-annual-report/restoring-constitution) [![Hands of a child studying at desk ](/sites/cato.org/files/styles/content_teaser/public/2024-07/child-studying-desk-ar23.jpg?itok=0-klfLtv)](https://www.cato.org/cato-institute-2023-annual-report/educating-next-generation) Publications ### [Educating the Next Generation](/cato-institute-2023-annual-report/educating-next-generation) [![Medical equipment on the background of group of health workers in the ICU](/sites/cato.org/files/styles/content_teaser/public/2024-07/patients-ar23-hero.jpg?itok=eXfuWHIv)](https://www.cato.org/cato-institute-2023-annual-report/putting-patients-drivers-seat) Publications ### [Putting Patients in the Driver’s Seat](/cato-institute-2023-annual-report/putting-patients-drivers-seat) [![Detail Of A United States Of America Work Visa](/sites/cato.org/files/styles/content_teaser/public/2024-07/visa-immigration-ar23.jpg?itok=SaXuymPC)](https://www.cato.org/cato-institute-2023-annual-report/expanding-legal-immigration) Publications ### [Expanding Legal Immigration](/cato-institute-2023-annual-report/expanding-legal-immigration) [![Handshake in front of world map - Annual Report 2023](/sites/cato.org/files/styles/content_teaser/public/2024-07/foreign-policy-ar23.png?itok=IjKr4Id2)](https://www.cato.org/cato-institute-2023-annual-report/advancing-libertarian-foreign-policy-agenda) Publications ### [Advancing a Libertarian Foreign Policy Agenda](/cato-institute-2023-annual-report/advancing-libertarian-foreign-policy-agenda) [![Abstract global network connection in hands on sunset background](/sites/cato.org/files/styles/content_teaser/public/2024-07/globe-liberty-ar23.jpg?itok=PMNizPlx)](https://www.cato.org/cato-institute-2023-annual-report/confronting-global-challenges-liberty) Publications ### [Confronting Global Challenges to Liberty](/cato-institute-2023-annual-report/confronting-global-challenges-liberty) [![Aerial view of Statue of Liberty and city skyline ](/sites/cato.org/files/styles/content_teaser/public/2024-07/statue-of-liberty-ar23.jpg?itok=IPMhB37F)](https://www.cato.org/cato-institute-2023-annual-report/bringing-liberty-all-50-states) Publications ### [Bringing Liberty to All 50 States](/cato-institute-2023-annual-report/bringing-liberty-all-50-states) #### Cato’s Vision for Liberty [![Liberty Torch - Annual Report 2023](/sites/cato.org/files/styles/content_teaser/public/2024-07/VFL_LargeCover23.jpg?itok=afGA4Fjn)](https://www.cato.org/cato-institute-2023-annual-report/catos-vision-liberty) Publications ### [Cato’s Vision for Liberty](/cato-institute-2023-annual-report/catos-vision-liberty) [![Internet news](/sites/cato.org/files/styles/content_teaser/public/2023-07/internet-news-Cropped.jpg?itok=g0lMLkzU)](https://www.cato.org/cato-institute-2023-annual-report/cato-news) ### [Cato in the News](/cato-institute-2023-annual-report/cato-news) [![William Clement - Annual Report 2023](/sites/cato.org/files/styles/content_teaser/public/2024-06/will-clement-hero.jpg?itok=8SB09VWs)](https://www.cato.org/cato-institute-2023-annual-report/legacy-william-clements-22-million-gift-cato-institute) Publications ### [The Legacy of William Clement’s $22 Million Gift to the Cato Institute](/cato-institute-2023-annual-report/legacy-william-clements-22-million-gift-cato-institute) [![Cato Books BG - Annual Report 2023](/sites/cato.org/files/styles/content_teaser/public/2024-07/catos-books-23.jpg?itok=46a90V6k)](https://www.cato.org/cato-institute-2023-annual-report/statement-principles) ### [Statement of Principles](/cato-institute-2023-annual-report/statement-principles) [![Cato Published Books](/sites/cato.org/files/styles/content_teaser/public/images/impact/cato-impact-books-header.jpeg?itok=lsMuhvOj)](https://www.cato.org/cato-institute-2023-annual-report/cato-books) ### [Cato Books](/cato-institute-2023-annual-report/cato-books) [![Cato headquarters with a blue overlay.](/sites/cato.org/files/styles/content_teaser/public/2023-02/CatoHQ%20copy_0.jpg?itok=p1efnNuP)](https://www.cato.org/cato-institute-2023-annual-report/financial-results) ### [Financial Results](/cato-institute-2023-annual-report/financial-results) [![Cato Institute Lobby - Brown - Annual Report 2023](/sites/cato.org/files/styles/content_teaser/public/2024-06/Cato-BG-Brown_AR.jpg?itok=3-8VzzIL)](https://www.cato.org/cato-institute-2023-annual-report/board-directors) ### [Board of Directors](/cato-institute-2023-annual-report/board-directors)