Grounded in Principle. Built for Impact. 2024 Annual Report ![Compass - 2024 Annual Report](/sites/cato.org/files/styles/aside_3x/public/2025-07/ar-landing-alt.jpg?itok=T-Tll9ID) ## Message from the President and Board Chair [![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 As the delegates to the Constitutional Convention prepared to sign the final document in 1787, Benjamin Franklin pointed to a carving of the sun on the back of George Washington’s chair. For weeks, he had studied it in silence, uncertain whether it depicted a setting sun—that victory in the Revolution was already America’s high-water mark—or a rising one, signaling a new dawn and bright future for liberty. [Read the full message](/annual-report-2024/message-president-board-chair) ### Our North Star In turbulent times, principle provides direction. For the Cato Institute, that guiding light is liberty—anchored in our Statement of Principles and unwavering in the face of political change. Like a North Star, those principles help us stay the course. And just as Cato looks to them to chart its path, the broader movement for liberty looks to Cato as a compass—steady, clear, and committed to a freer future. #### Cato’s Vision for Liberty [![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/annual-report-2024/bringing-catos-ideas-wider-audience) ### [Bringing Cato’s Ideas to a Wider Audience](/annual-report-2024/bringing-catos-ideas-wider-audience) [![Vision for Liberty - List Image - 2024 Annual Report](/sites/cato.org/files/styles/content_teaser/public/2025-07/VoL-list.jpg?itok=jjkJIdKq)](https://www.cato.org/annual-report-2024/announcing-catos-vision-liberty-campaign) Publications ### [Announcing Cato’s Vision for Liberty Campaign](/annual-report-2024/announcing-catos-vision-liberty-campaign) #### Chapters [![Compass - List Image - 2024 Annual Report](/sites/cato.org/files/styles/content_teaser/public/2025-07/ar-compass-LIST.jpg?itok=9oqBrhvP)](https://www.cato.org/annual-report-2024/liberty-versus-power-choice-shapes-our-future) Publications ### [Liberty Versus Power: The Choice that Shapes our Future](/annual-report-2024/liberty-versus-power-choice-shapes-our-future) [![Constitution - 2024 Annual Report](/sites/cato.org/files/styles/content_teaser/public/2025-07/constitution-ar-alt.jpg?itok=s6eMXsqH)](https://www.cato.org/annual-report-2024/government-limited-enumerated-powers) Publications ### [A Government of Limited, Enumerated Powers](/annual-report-2024/government-limited-enumerated-powers) [![Groceries - 2024 Annual Report](/sites/cato.org/files/styles/content_teaser/public/2025-07/groceries-ar.jpg?itok=bkCqYTkR)](https://www.cato.org/annual-report-2024/unleashing-freedom-prosper) Publications ### [Unleashing the Freedom to Prosper](/annual-report-2024/unleashing-freedom-prosper) [![Social Media - 2024 Annual Report](/sites/cato.org/files/styles/content_teaser/public/2025-07/social-ar-final.jpg?itok=YDEzybkR)](https://www.cato.org/annual-report-2024/free-speech-pursuit-truth) Publications ### [Free Speech and the Pursuit of Truth](/annual-report-2024/free-speech-pursuit-truth) [![Flags - 2024 Annual Report](/sites/cato.org/files/styles/content_teaser/public/2025-07/endlesswar-ar.jpg?itok=TYq2-mZ4)](https://www.cato.org/annual-report-2024/rejecting-endless-war-embracing-peace) Publications ### [Rejecting Endless War, Embracing Peace](/annual-report-2024/rejecting-endless-war-embracing-peace) [![Children Raising Hands - 2024 Annual Report](/sites/cato.org/files/styles/content_teaser/public/2025-07/free-asc-ar-final.jpg?itok=dpKhLkYB)](https://www.cato.org/annual-report-2024/free-society-free-association) Publications ### [Free Society, Free Association](/annual-report-2024/free-society-free-association) [![Stethoscope - 2024 Annual Report (list image)](/sites/cato.org/files/styles/content_teaser/public/2025-07/stetho-list.jpg?itok=ywH1ekM4)](https://www.cato.org/annual-report-2024/choosing-own-path) Publications ### [Choosing Your Own Path](/annual-report-2024/choosing-own-path) [![Gears - 2024 Annual Report List Image](/sites/cato.org/files/styles/content_teaser/public/2025-07/gears-list.jpg?itok=ZXpmdLPe)](https://www.cato.org/annual-report-2024/humanitys-flourishing-through-collaboration) Publications ### [Humanity’s Flourishing Through Collaboration](/annual-report-2024/humanitys-flourishing-through-collaboration) #### Appendix [![David Boaz - 2024 Annual Report](/sites/cato.org/files/styles/content_teaser/public/2025-07/boaz-ar-3.jpg?itok=OAIRPy5R)](https://www.cato.org/annual-report-2024/memoriam-david-boaz-1953-2024) Publications ### [In Memoriam: David Boaz 1953–2024](/annual-report-2024/memoriam-david-boaz-1953-2024) [![Tucker Andersen - 2024 Annual Report List Image](/sites/cato.org/files/styles/content_teaser/public/2025-07/andersen-ar-list.png?itok=LlFlrWXG)](https://www.cato.org/annual-report-2024/power-persistence-tucker-andersens-vision) Publications ### [The Power of Persistence: Tucker Andersen’s Vision](/annual-report-2024/power-persistence-tucker-andersens-vision) [![A stack of Cato books](/sites/cato.org/files/styles/content_teaser/public/2021-03/cato_publications.png?itok=iK73eCkA)](https://www.cato.org/annual-report-2024/cato-books) ### [Cato Books](/annual-report-2024/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/annual-report-2024/financial-results) ### [Financial Results](/annual-report-2024/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/board-directors-staff-2024) ### [Board of Directors](/board-directors-staff-2024)