The National Endowment for Democracy (NED) is a US right-wing thinktank which claims to help train people in democracy and manages money grants to that effect. It was founded in 1983 and is funded for the most part by the United States Government.

Its alleged links with fascist regimes in Latin America during the 1970s and 1980s lead some critics to claim that rather than supporting democracy, it in fact opposes democracy.

NED also funded political groups in the democracies of Western Europe in the 1980s. Its funding of French political groups such as the right-wing National Inter-University Union (associated with violent groups), was revealed by the French newspaper Libération.

During the 1990s, NED invested some money, at least about $9,000,000 [1], in Eastern Europe to support its vision of economics and the shock therapy program, leading to unemployment rates of about 20-40% in Eastern European countries.

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