March 3, 2012. Charles Koch founded the Cato Institute (Originally called the Charles Koch Foundation, Inc.) with Ed Crane in 1974 in Wichita Kansas. Koch had the money and Crane was broke. Each of the Koch Brothers has retained a 25% share of the institute, although Charles left the board of directors in 1992 and reduced his contributions. His brother David remained on the board and a major funder of the institute.
Now they are suing for control, and the institute is resisting. But just what is going on remains a mystery.
Source: The New Yorker