| Founded | 1947; 79 years ago (1947) |
|---|---|
| Founder | Charles E. Marsh |
| Method | Grantmaking |
| Owner | Thomas J. Scanlon |
| Website | www |
ThePublic 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]
The foundation was overseen by Charles E. Marsh until 1953. His wife oversaw it from 1952 to 1974. It owned theSpartanburg Herald-Journal,The Tuscaloosa News, andThe Gadsden Times. However, a 1969 federal tax law required non-profits to sell newspaper holdings, so the foundation had to sell these papers toThe New York Times in 1985. In 2011, it added a special initiative to fund civil legal aid for the poor.[3]