Top Qs
Timeline
Chat
Perspective
Public Welfare Foundation
From Wikipedia, the free encyclopedia
Remove ads
The Public Welfare Foundation is an American grantmaking foundation founded in 1947. As of 2023, it had assets of $568 million.[1]
As of 2014, it had distributed more than $540 million to 4,700 different organizations.[2]
Remove ads
History
The foundation was overseen by Charles E. Marsh until 1953. His wife oversaw it from 1952 to 1974. It owned the Spartanburg Herald-Journal, The Tuscaloosa News, and The Gadsden Times. However, a 1969 federal tax law required non-profits to sell newspaper holdings, so the foundation had to sell these papers to The New York Times in 1985. In 2011, it added a special initiative to fund civil legal aid for the poor.[3]
Remove ads
References
Wikiwand - on
Seamless Wikipedia browsing. On steroids.
Remove ads