National Gallery of Art is an independent non-profit organization based in Landover, Maryland. Established in 1947, the foundation receives private support from generous individuals, foundations and corporations. It helps the gallery to acquire art so as to enhance the permanent collection, present special exhibitions from all over the world, support scholarly programs, sustain important education programs and activities and advance conservation and research to preserve the collection. The foundation is managed by the board of trustees.National Gallery of Art's investment portfolio is valued at $1.11 billion as of September 30th, 2019, with investments in domestic and international equity, fixed income, private equity, real estate, hedge funds, and cash.