High Quality Content by WIKIPEDIA articles! The Reason Foundation is an American nonprofit think tank founded in 1968 that also publishes Reason magazine. Based in Los Angeles, Reason is self-described as nonpartisan and publishes a statement of values that can best be described as libertarian. Like most think tanks, they are a non-profit, tax-exempt organization that provides papers and studies to support a particular set of values. According to Reason's web site, these are "the values of individual freedom and choice, limited government, and market-friendly policies."