Published: 19 March 2009
Analyst(s): Heather Colella, Dave Aron, Lily Mok
The RAND Corporation is a nonprofit institution that conducts commissioned and independent research on important and generally complicated problems, offering analysis and insight into areas such as national security and policy, business, education, health, law and science. Formed in 1946 as a research project, RAND (derived from a contraction of the term "research and development") has grown to 1,800 researchers, staff and management personnel located across three principal offices in the U.S., as well as offices in Cambridge, U.K.; and Doha, Qatar. Federal, state and local government agencies provide the largest share of the funding, but foundations, foreign governments and private-sector firms also contract for projects. Contributions from individuals, charitable foundations, and private firms as well as earnings from RAND's endowment allow the organization to address problems not yet on the policy agenda. RAND's revenue in FY07 was approximately U S$223 million.
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