The Norton Simon Art Foundation is an independent nonprofit private foundation based in Pasadena, California. Established in 1954, by Norton Simon, the foundation focuses on the care, study and public exhibition of its art collection, develops educational and art-related events at the Museum and publishes scholarly collection catalogs. The investment funds of the foundation are managed and governed by the executive management team.Norton Simon Art Foundation's investment portfolio is valued at $180.71 million, with investments in domestic and international equities, fixed income, hedge fund, and private equity and cash.