Charles A. Frueauff Foundation (CAFF) is an independent non-profit private foundation based in Little Rock, Arkansas. Established in 1950 by the Last Will and Testament of Charles A. Frueauff, the mission of the foundation is to improve the lives of those in need by awarding grants to non-profit organizations in the areas of education, human services, and health and hospitals around the country. The assets of the foundation are managed by the board of directors.Charles A. Frueauff Foundation's investment portfolio is valued at $104.94 million, with investments in domestic and international equity, fixed income, private equity, and cash.