The Institute for Advanced Studies, Vienna (IHS) has been founded by two Austrian émigré scholars, Paul F. Lazarsfeld and Oskar Morgenstern, in 1962/63. Initially funded by the Ford Foundation, the IHS successfully trained generations of economists, sociologists, and political scientists. Some would later become scientists of world-renown, others would become high-level functionaries in the Austrian government, in institutions of the European Union, or other international organizations; still others would become successful in business.
More on the Institute's history

In summer 2015, the IHS moved from its old location to new premises in Josefstädter Straße 39, in the eighth district. It now houses in a building that was initially erected as a baroque palais and which has been used for more than 50 years by the local revenue office. The Palais Strozzi, as it is colloquially known, is an ideal place for conducting research and for reaching out to the public.
More on the Palais' history