ACT is an independent nun-profit private foundation based in Iowa City, Iowa. Established in 1959, the foundation provides a broad array of assessment, research, information and program management solutions in the areas of education and workforce development. It serves people in high schools, colleges, professional associations, businesses and government agenciesAinationally and internationally. The assets of the foundation are managed by the board of directors.ACT's investment portfolio is valued at over $449.46 million with investments in equity, private equity, and cash.