James S. Kemper Foundation (Kemper Foundation) is an independent non-profit foundation based in Chicago, Illinois. Established in 1942, the foundation mainly focuses in the areas of arts and higher education. The mission of the foundation is to promote liberal arts education as ideal preparation for life and work, especially in administration and business. The foundation is managed by the board members.James S. Kemper Foundation's investment portfolio is valued at over $38.44 million, with investments in fixed income, alternatives, and cash.