The Heritage Foundation

The Heritage Foundation is an American conservative think tank based in Washington, D.C., primarily geared towards public policy. The foundation took a leading role in the conservative movement during the presidency of Ronald Reagan, whose policies were taken from Heritage's policy study Mandate for Leadership. Since then, The Heritage Foundation has continued to have a significant influence in U.S. public policy making, and is considered to be one of the most influential conservative public policy organizations in the United States.
The Heritage Foundation was founded on February 16, 1973 by Paul Weyrich, Edwin Feulner, and Joseph Coors. Growing out of the new business activist movement inspired by the Powell Memorandum, discontent with Richard Nixon's embrace of the "liberal consensus" and the nonpolemical, cautious nature of existing think tanks, Weyrich and Feulner sought to create a version of the Brookings Institution that advanced conservative activism. Coors was the primary funder of the Heritage Foundation in its early years. Weyrich was its first president. Later, under president Frank J. Walton, the Heritage Foundation began using direct mail fundraising and Heritage's annual income grew to $1 million per year in 1976. By 1981, the annual budget grew to $5.3 million.

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