Robert R McCormick Foundation is an independent non-profit foundation based in Chicago, Illinois. Established in 1955, the foundation focuses on religious, charitable, scientific, literary, and educational purposes. It also tries to prevent cruelty toward children and animals. The assets of the foundation are administered and governed by the board of directors.Robert R McCormick Foundation's investment portfolio is valued at $1.25 billion, with investments in private equity, real estate, hedge funds, publicly-traded equities, fixed income securities, and cash.