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1792 Exchange
| 1792 Exchange | |
 | |
| Basic facts | |
| Location: | Springboro, Ohio |
| Type: | 501(c)(3) |
| Affiliation: | Nonpartisan |
| Top official: | Daniel Cameron, CEO |
| Founder(s): | Nathan Estruth |
| Year founded: | 2021 |
| Website: | Official website |
The 1792 Exchange is a 501(c)(3) nonprofit organization "whose mission is to develop policy and resources to protect and equip non-profits, small businesses and philanthropy from 'woke' corporations, to educate Congress and stakeholder organizations about the dangers of ESG (environmental, social, and governance) policies, and to help steer public companies in the United States back to neutral on ideological issues so they can best serve their shareholders and customers with excellence and integrity."[1] Nathan Estruth founded the organization in 2021.[1][2] The organization's name references the founding of the first U.S. stock exchange in 1792.[1]
Background
Nathan Estruth founded 1792 Exchange in 2021.[1][2] Estruth worked for Procter & Gamble for 27 years and was a Fortune 20 global executive.[3] He also ran for lieutenant governor of Ohio in 2018 alongside gubernatorial candidate Mary Taylor (R). Estruth said in 2024 that 1792 Exchange's "goal has always been to help corporations move back toward neutral on ideological issues so they can better serve their shareholders and customers."[2]
As of September 2025, 1792 Exchange provided "pro-bono research and resources to non-profits and small businesses to assist in navigating the operational and financial vulnerabilities of cancelation or denial of service due to viewpoint discrimination ... [worked] to ensure that private businesses and non-profits have stable financial and operational infrastructure and that public corporations cannot force them to engage in controversial political and cultural debates ... [and created] educational materials that citizens can share with Congress, state legislatures, state elected officials and stakeholder organizations about corporate activism, including how certain types of corporate activism might violate fiduciary duty to shareholders and the rights of Americans."[1]
Leadership
As of September 2025, the following individuals held leadership positions at 1792 Exchange:[1]
- Daniel Cameron, CEO
- Doug Napier, Executive chairman
- Greg Scott, Executive vice president
Work and activities
Policy work
As of September 2025, 1792 Exchange published Spotlight Bias Reports. The reports examined corporate activism and stakeholder capitalism and were split into three main categories:
- Corporate Bias Ratings - a report that rated 3,500+ companies on "their divisive policies, actions, and cancelation of business relationships based on viewpoints or beliefs."[4] Ratings included "Lower Risk," "Medium Risk," and "High Risk."[4]
- Proxy Voting - a table that showed state pension fund support for ESG proposals in 2023.[5]
- Board Bias - a database that included top leadership for Fortune 250 companies in order "to better understand the people behind a company’s positions."[6]
Other policy work included the China Risk Database, DEI Tracker, and a U.S. Government Contractor database. The China Risk Database provided "a snapshot of funds invested by Fortune 100 companies in China and [estimated] potential loss under imposed sanctions."[7] The DEI Tracker included companies that "have taken concrete steps to refocus on core business priorities" rather than diversity, equity, and inclusion.[8] The U.S. Government Contractors database included the U.S. government's top 100 contractors and examined each contractor's Corporate Bias Rating, total number of financial actions, and dollars obligated to a contract.[9]
Finances
The following is a breakdown of 1792 Exchange's revenues and expenses from 2021 to 2022. The information comes from the Internal Revenue Service.
| Year | Revenue | Expenses |
|---|---|---|
| 2021 | $225,000 | $225,431 |
| 2022 | $2.3 million | $1.8 million |
See also
External links
Footnotes
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1792 Exchange, "About 1792 Exchange," accessed September 17, 2025
- ↑ 2.0 2.1 2.2 1792 Exchange, "Kentucky’s Daniel Cameron named CEO of the 1792 Exchange; Outgoing KY Attorney General will hold corporations accountable to shareholders," January 3, 2024
- ↑ ArkMalibu, "Nathan Estruth," accessed September 17, 2025
- ↑ 4.0 4.1 1792 Exchange, "Spotlight Bias Report: Corporate Bias Ratings," accessed September 18, 2025
- ↑ 1792 Exchange, "Spotlight Bias Report: State Pensions," accessed September 18, 2025
- ↑ 1792 Exchange, "Spotlight Bias Report: Board Bias," accessed September 18, 2025
- ↑ 1792 Exchange, "China Risk Database," accessed September 18, 2025
- ↑ 1792 Exchange, "DEI Tracker," accessed September 18, 2025
- ↑ 1792 Exchange, "U.S. Government Contractors," accessed September 18, 2025
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