Public Welfare Foundation Inc
- Assets
- $567.5m
- Revenue
- $13.4m
- Investments
- $554.7m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 12/1966
- Data as of
- 09/2023
- EIN
- 54-0597601
Organization Overview
Public Welfare Foundation Inc is located in Washington, DC. The organization was established in 1966. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Public Welfare Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Public Welfare Foundation Inc generated $13.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.1%) each year. All expenses for the organization totaled $40.0m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Public Welfare Foundation Inc has awarded 1,299 individual grants totaling $164,371,728. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Cfao | 40 | $310,644 | |
Name Not Listed President | 40 | $512,891 | |
Name Not Listed Director | 1 | $9,000 | |
Name Not Listed Director | 1 | $9,000 | |
Name Not Listed Director | 1 | $9,000 | |
Name Not Listed Director | 1 | $9,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates | 9/29/23 | $1,342,091 |
Liquid Soul Dc Llc | 9/29/23 | $390,000 |
Stout & Teague | 9/29/23 | $273,755 |
Allied Universal Security Services | 9/29/23 | $100,542 |
Crowe Llp | 9/29/23 | $91,640 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500 |
| Interest on Savings | $2,480 |
| Dividends & Interest | $6,147,687 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,131,236 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,111,335 |
| Total Revenue | $13,393,238 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $900,367 |
| Other employee salaries and wages | $1,337,989 |
| Pension plans, employee benefits | $487,679 |
| Interest | $189,970 |
| Taxes | $2,058,948 |
| Depreciation | $504,049 |
| Occupancy | $650,002 |
| Travel, conferences, and meetings | $194,029 |
| Printing and publications | $0 |
| Other expenses | $307,562 |
| Total operating and administrative expenses | $9,131,238 |
| Contributions, gifts, grants paid | $30,882,797 |
| Total expenses and disbursements | $40,014,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $695,736 |
| Savings and temporary cash investments | $471,972 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $50,000 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $547,815 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $554,686,367 |
| Net Land, buildings, and equipment | $10,111,789 |
| Other assets | $942,744 |
| Total assets | $567,506,423 |
| Accounts payable and accrued expenses | $270,411 |
| Grants payable | $6,210,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $11,921,749 |
| Other liabilities | $1,209,929 |
| Total liabilities | $19,612,089 |
Grants Awarded
Over the last fiscal year, Public Welfare Foundation Inc has awarded $30,944,650 in support to 193 organizations.
| Grant Recipient | Amount |
|---|---|
ACCELERATE CHANGE INC PURPOSE: SUPPORT FOR ACCELERATE CHANGE'S CRIMINAL JUSTICE REFORM NARRATIVE CAMPAIGN PROJECT. | $400,000 |
ALLIANCE FOR GLOBAL JUSTICE PURPOSE: SUPPORT FOR DENVER JUSTICE PROJECT. | $120,000 |
ALLIED MEDIA PROJECTS PURPOSE: SUPPORT FOR INTELLIGENT MISCHIEF | $400,200 |
AMERICAN CIVIL LIBERTIES UNION FOUNDATION OF LOUISIANA PURPOSE: SUPPORT TO BUILD STAFF CAPACITY FOR ACLU OF LOUISIANA'S YOUTH JUSTICE WORK. | $200,000 |
AMERICAN UNIVERSITY PURPOSE: SUPPORT FOR WAMU/DCIST CRIMINAL JUSTICE REPORTING. | $100,000 |
ANTHONY GRAVES FOUNDATION INC PURPOSE: GENERAL SUPPORT | $182,390 |