The H & R Block Foundation is an independent non-profit foundation based in Kansas City, Missouri. Established in 1974, the foundation seeks to improve the quality of life by responding to the needs of people and communities through philanthropy. The foundation primarily focuses on arts and culture, community development, education and health, and human services. The assets of the foundation are managed by the board of directors.The H & R Block Foundation's investment portfolio is valued at $63.52 million with investments in private equity and cash.