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For more than 38 years the Indiana Fiscal Policy Institute has been supported by memberships and grants from business firms foundations agencies and individuals throughout Indiana who recognize the value of accurate unbiased understandable information. Donate Now. INDIANA FISCAL POLICY INSTITUTE Formed in 1987 the Indiana Fiscal Policy Institute is a private notforprofit 501c3 governmental research organization. The Indiana Fiscal Policy Institute is the only independent source of continuing research into the effect of taxing policies and spending practices in Indiana.