Public Welfare Foundation Inc
- Assets
- $0.0
- Revenue
- $41.9m
- Investments
- $445.5m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 12/1966
- Data as of
- 09/2020
- 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 09/2020, Public Welfare Foundation Inc generated $41.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $26.9m during the year ending 09/2020. While expenses have increased by 1.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Public Welfare Foundation Inc has awarded 739 individual grants totaling $89,256,891. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | 1 | $0 | |
Bae John Program Director | 40 | $137,568 | |
Rhau Jessica Chief Of Staff | 40 | $107,936 | |
Hilliard Calece Controller | 32 | $105,446 | |
Freiberg Jina Grants Manager | 40 | $96,037 | |
Williams Zakiyah Events Manager | 40 | $95,176 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Berlin Rosen Ltd | 9/29/21 | $162,750 |
Koya Leadership Partners Llc | 9/29/21 | $178,584 |
Cambridge Associates | 9/29/21 | $1,408,527 |
Ashley Cross-rayment | 9/29/21 | $117,810 |
Stout & Teague | 9/29/21 | $107,903 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,489,434 |
| Profit on Inventory Sales | $0 |
| Other Income | $16,751,677 |
| Total Revenue | $41,854,063 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $690,222 |
| Pension plans, employee benefits | $289,115 |
| Depreciation | $392,119 |
| Occupancy | $541,696 |
| Travel, conferences, and meetings | $51,571 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $6,732,977 |
| Contributions, gifts, grants paid | $20,143,700 |
| Total expenses and disbursements | $26,876,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $669,736 |
| Investments—mortgage loans | $0 |
| Investments—other | $153,464,858 |
| Other assets | $1,630,949 |
| Mortgages and other notes payable | $12,100,000 |
| Other liabilities | $11,306,254 |
Grants Awarded
Over the last fiscal year, Public Welfare Foundation Inc has awarded $21,920,000 in support to 163 organizations.
| Grant Recipient | Amount |
|---|---|
Denver, CO PURPOSE: GENERAL SUPPORT | $650,000 |
Washington, DC PURPOSE: SUPPORT FOR THE YOUTH FIRST STATE ADVOCACY FUND | $545,000 |
Detroit, MI PURPOSE: SUPPORT FOR THE MICHIGAN JUSTICE FUND | $500,000 |
VOICE OF THE EXPERIENCED PURPOSE: GENERAL SUPPORT, SUPPORT FOR THE ADVISORY COUNCIL OF THE PEOPLE FIRST CAMPAIGN | $500,000 |
ORS IMPACT PURPOSE: SUPPORT FOR THE DEVELOPMENT OF AN EVALUATION AND LEARNING FRAMEWORK | $500,000 |
Detroit, MI PURPOSE: SUPPORT FOR MICHIGAN JUSTICE FUND | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Msi-Us Washington, DC | $1,301,607 | $71,292,993 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Bhp Foundation Washington, DC | $309,092,778 | $68,102,954 |
Wyss Medical Foundation Inc Washington, DC | $41,278,790 | $827,503 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |
The Morningstar Philanthropic Foundation Bethesda, MD | $552,631,179 | $17,887,743 |
Danville Regional Foundation Danville, VA | $280,479,931 | $21,605,962 |
Freedom Forum Inc Laurel, MD | $0 | $16,145,029 |