Terra Foundation for American Art is an independent non-profit foundation based in Chicago, Illinois. Established in 1978, the foundation works to ensure its collection is accessible and lends artworks to exhibitions around the globe, creates focused shows featuring its collection for public exhibition and maintains a comprehensive database of the collection. It is dedicated to fostering exploration, understanding, and enjoyment of the visual arts of the United States for national and international audiences. The assets of the foundation are managed by the board of directors.Terra Foundation for American Art's investment portfolio is valued at over $368.24 million, with investments in domestic and international equity, fixed income, alternatives, cash, and private equity.