Texas Children's Hospital (TCH) is an independent non-profit private foundation based in Houston, Texas. Established in 1951, the mission of the foundation is to create a healthier future for children and women throughout their global community by leading in patient care, education, and research. It operates as a subsidiary of Texas Medical Center. The assets of the foundation are managed by the board of trustees.Texas Children's Hospital's investment portfolio is valued at over $2.55 billion, with investments in domestic and international equity, private equity and cash. Alternatives include real estate, long and short equity positions, natural resources, private equity, managed futures, emerging markets, distressed enterprises, and arbitrage positions.