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]