Peabody Essex Museum is an independent non-profit foundation based in Salem, Massachusetts. Established in 1922, the foundation provides grants and contributions to qualified charitable organizations to promote charitable, scientific, literary and educational work. The assets of the foundation are managed by the Board of Trustees.Peabody Essex Museum's investment portfolio is valued at over $503.32 million, with investments in domestic and international equity, real assets and natural resources, fixed income, private equity, real estate, hedge funds, and cash.