The Spencer Foundation is a non-profit foundation formed in 1962 and is based in Chicago, Illinois. Established in 1962, the foundation is committed to supporting high-quality investigation of education through its research programs and to strengthening and renewing the educational research community through its fellowship and training programs and related activities. The assets of the foundation are managed by the executive team.The Spencer Foundation's investment portfolio is valued at $496.91 million with investments in cash, equities, fixed income, and real estate.