The Public Welfare Foundation is an American grantmaking foundation founded in 1947. As of 2023, it had assets of $568 million.
As of 2014, it had distributed more than $540 million to 4,700 different organizations.
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.
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