The Giannini Foundation of Agricultural Economics was founded in the 1920s from a $1.5 million gift to the University of California from the Bancitaly Corporation in honor of its founder, A.P. Giannini. This fund has now grown to $20 million that is used to promote and support research on the economics of California agriculture. Members, which include faculty from various University of California campuses, may apply for grants to conduct research on California's agricultural economy and development. The findings are often reported in numerous publications.