The Association of Private Enterprise Education is a nonprofit organization founded by a philanthropic donation from Herman Lay, co-founder of Frito-Lay, a subsidiary of PepsiCo. [1] It was created for the purpose of "studying and supporting the system of private enterprise" and aims "to put into action accurate and objective understandings of private enterprise". [2] [3]
It holds an annual conference [4] [5] and publishes the Journal of Private Enterprise . [6] It also recognizes, by means of a number of awards, persons of distinction who have helped to further its aims. [7]