Foundation For Enterprise Development

FED Goals

The tremendous success of Science Applications International Corporation (SAIC) stemmed from Dr. Beyster's dedication to employing innovative science and technology development to solve problems of national and global importance and sharing the wealth with those who helped build the company. His commercial success and philanthropic ideals have created an impressive model that the FED seeks to disseminate through its initiatives and programs.

FED's goals are to stimulate and accelerate:

  • Multi-disciplinary research that advances an innovative and free enterprise system
  • Education and transferability of entrepreneurial ownership practices to future generations of technical leaders

FED Professorship, Fellowship & Grant Timeline

FED Principles

Dr. Beyster believes that applying the principles used to develop SAIC can make a real difference in the economic lives of people everywhere. It is our mission to educate and transfer these business principles and practices to future generations of entrepreneurs, especially those championing science and technology innovations important to this nation and the world.

Some of these principles include:

  • Give employees the freedom to create the kind of business and environment they would be excited to work in.
  • Encourage entrepreneurship and give employees ownership of the organization commensurate with their contributions.
  • Create a culture of open-book management and participation in decision making.

FED's Three Circle Diagram More Information

Our Trustees

  • Bob Beyster

    Dr. J.R. Beyster, Founder and Chairman

    Bob Beyster is the founder and chairman of the FED. He oversees the strategic direction of the FED and actively participates in special projects that promote the values and practices that he used to build Science Applications International Corporation (SAIC)—the company he founded in 1969 and grew to over $8 billion in annual revenues.

  • Mary Ann Beyster

    M.A. Beyster, President

    Mary Ann Beyster became FED president in 2005, reporting directly to the chairman. Ms. Beyster creates and manages programs to promote and advance interdisciplinary research on broad-based employee ownership and works directly with early-stage and expansion companies to help prepare companies for growth and maintain ownership with those who grow their company. She is the principal investigator for Defense Advanced Research Projects Agency’s (DARPA) initiative to facilitate small business technology transition. Previously, Ms. Beyster held management and business development positions at SAIC, CH2MHill, and SRI International, working in a range of fields including energy, environment, water, life sciences, and national security. View Mary Ann's LinkedIn Profile.

  • Tom Darcy

    Thomas E. Darcy, Trustee

    Tom Darcy is chief financial officer of Tocagen, a biopharmaceutical company pursuing the discovery, development, and commercialization of products for the treatment of cancer. Tom was an executive vice president for Strategic Projects at SAIC after serving as SAIC's chief financial officer for five years starting in 2000. He led the finance organization of SAIC during a period of significant reorganization and change, and served as chairman of the audit committee of AMSEC. Prior to working at SAIC, Tom was a partner at Price Waterhouse, where he worked for over 25 years. His clients comprised public, venture capital-backed, and private companies; and numerous entities that completed initial public offerings. Tom is a member of the American Institute of Certified Public Accountants (CPA) and the California Society of CPAs, and is on the Board of Directors of the College of Business Administration at San Diego State University (SDSU), the Campanile Foundation at SDSU, the SDSU School of Accountancy, and the YMCA of San Diego County.

  • Steve Fisher

    Steven P. Fisher, Trustee

    Steve Fisher is the Treasurer of SAIC and oversees the treasury operations, capital markets, retirement programs, and accounts receivable functions. He has approximately 20 years of financial and operational experience in technology-based business, including overseeing capital structure and strategic financial planning, and developing and implementing a spectrum of equity-based incentive programs that foster entrepreneurial business activities and employee-ownership-based management practices.

  • David Binns

    David Binns, Secretary

    David Binns is the secretary of the FED Board of Directors and the chief operating officer of Macfadden, a professional services corporation providing disaster response management services, integrated information technology services, program management services, and management consulting services to government agencies, corporations, and other organizations. Prior to joining Macfadden, he was an associate director for the Beyster Institute, where he managed the development of employee-ownership consulting and outreach programs. David has been actively involved in efforts to promote the use of employee ownership as a means to facilitate privatization, defense conversion, and economic development in several foreign countries.

About FED

Our Mission is to engage in research and education on the operation of a free enterprise system and development of science and technology innovations in furtherance of knowledge, commerce and prosperity.

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