The Hearst Foundations is an independent non-profit foundation based in New York, NY. Established in 1945 by the late William Randolph Hearst, the mission of the foundation is to identify and fund outstanding nonprofits to ensure that people of all backgrounds in the United States have the opportunity to build healthy, productive and inspiring lives. It works in the area like in the fields of culture, education, health, and social services. The foundation is overseen by the executive management team.The Hearst Foundation's investment portfolio is valued at over $355.99 million, with investments in domestic and international equities, fixed income, real estate, hedge fund, private equity, and cash.