During her lifetime, Rand helped establish The Foundation for the New Intellectual to promote Objectivist ideas. The Foundation was dissolved some fifteen years after her death, having been made redundant by ARI. Although Rand objected to Objectivism becoming an organized movement, she supported like-minded individuals working toward a common goal. Peikoff, her legal heir, was convinced to start the organization after businessman Ed Snider organized a meeting of possible financial supporters in New York in the fall of 1983. Peikoff also agreed to be the first chairman of the organization's board of directors.