Foundation for Economic Education
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| Founded | March 7, 1946 |
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| Founder | Leonard E. Read |
| Type | Educational foundation IRS 501(c)(3) tax exempt |
| 136006960 | |
| Focus | economics, libertarianism |
| Location | |
| Coordinates | 33°48′04″N 84°23′36″W / 33.8010°N 84.3932°WCoordinates: 33°48′04″N 84°23′36″W / 33.8010°N 84.3932°W |
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Area served
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United States |
| Method | literature, lecture, academic scholarship |
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Key people
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President Lawrence W. Reed, Executive Director Wayne Olson |
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Revenue
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$4,774,708 Expenses: $3,823,955 (FYE March 2014) |
| Mission | "... to inspire, educate and connect future leaders with the economic, ethical and legal principles of a free society." |
| Website | fee |
The Foundation for Economic Education (FEE) "is a non-political, non-profit, tax-exempt educational foundation" dedicated to the "economic, ethical and legal principles of a free society." FEE publishes books and hosts seminars and lectures.
Founded in 1946 by Leonard E. Read,Henry Hazlitt, David Goodrich,Donaldson Brown,Leo Wolman, Fred R. Fairchild,Claude E. Robinson, and Jasper Crane, the foundation is the oldest free-market think tank in the United States. Read served as president from 1946 until his death in 1983.
Perry E. Gresham followed his friend Read as president in 1983. The presidency of FEE from 1983 to 1984 was held by John Sparks Sr., from 1984 to 1985 by Bob Love, from 1985 to 1988 by a series of acting presidents, then from 1988 to 1992 by Bruce Evans. After retiring from Grove City College where he taught economics, Hans Sennholz served as president from 1992 to 1997.Donald J. Boudreaux served as president from 1997 to 2001, before moving on to chair the Department of Economics at George Mason University. Economist, investment analyst, professor and author Mark Skousen served as president from 2001 to 2002. Author and professor Richard Ebeling served as president from 2003 to 2008. Since 2008, the current president is economist, author, and professor Lawrence W. Reed.
FEE first occupied "two rooms in the Equitable Building at 737 Seventh Avenue in Manhattan" in 1946. Soon after, the organization moved to the mansion on the Hillside estate in Irvington, New York, which Read purchased from Gordon Harris, a son of the president of the Baltimore and Ohio Railroad. The Foundation would remain there for 68 years. In 2014, FEE sold its Irvington headquarters as a part of the transfer of operations to Atlanta, Georgia.
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