In 1985, Peikoff worked with businessman Ed Snider to establish the Ayn Rand Institute, a nonprofit organization dedicated to promoting Rand's ideas and works.
ɪn nˈaɪntiːnhˈʌndɹɪd ˈeɪɾi fˈaɪv, pˈeɪkɔf wˈɜːkt wɪð bˈɪznəsmən ˈɛd snˈaɪdɚ tʊ ɪstˈæblɪʃ ðɪ ˈaɪn ɹˈænd ˈɪnstɪtˌuːt, ɐ nˌɑːnpɹˈɑːfɪt ˌɔːɹɡɐnᵻzˈeɪʃən dˈɛdᵻkˌeɪɾᵻd tə pɹəmˈoʊɾɪŋ ɹˈændz aɪdˈiəz ænd wˈɜːks.