Concept

RAND Corporation

Summary
The RAND Corporation (from the phrase "research and development") is a non-partisan American nonprofit global policy think tank and research institute that conducts research and development (R&D) in multiple fields and industries. It is largely financed by the U.S. government, private endowments, corporations, universities, charitable foundations, U.S. state and local governments, private individuals, international organizations, and in small part by foreign governments. The RAND Corporation was originally founded in 1948 by Douglas Aircraft Company to offer research and analysis to the United States Armed Forces following World War II. Today, it has diversified its fields of research beyond the defense industry and aerospace manufacturing, now entering into more civilian-serving areas such as "Education and the Arts;" "Health and Health Care;" "I
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