Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 10-01-2018 , and ending 09-30-2019
Name of foundation
Public Welfare Foundation Inc
 
Number and street (or P.O. box number if mail is not delivered to street address)1200 U Street Northwest
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Washington, DC200094443
A Employer identification number

54-0597601
B Telephone number (see instructions)

(202) 965-1800
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$516,078,603J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 0 0 0
4 Dividends and interest from securities... 3,203,551 2,180,132 0
5a Gross rents............ 0 0 0
b Net rental income or (loss) 0
6a Net gain or (loss) from sale of assets not on line 10 57,363,749
b Gross sales price for all assets on line 6a 257,508,556
7 Capital gain net income (from Part IV, line 2)... 52,064,368
8 Net short-term capital gain.........  
9 Income modifications........... 0
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0 0
11 Other income (attach schedule)....... Click to see attachment -34,212,535 1,816,774 0
12 Total. Add lines 1 through 11........ 26,354,765 56,061,274 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 792,769 51,431 0 741,338
14 Other employee salaries and wages...... 1,243,949 62,315 0 1,197,873
15 Pension plans, employee benefits....... 317,154 13,642 0 307,444
16a Legal fees (attach schedule)......... Click to see attachment 54,177 12,154 0 39,953
b Accounting fees (attach schedule)....... Click to see attachment 101,170 50,585 0 0
c Other professional fees (attach schedule).... Click to see attachment 1,755,491 1,397,357 0 358,134
17 Interest............... 334,321 0 0 334,321
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,180,257 6,832 0 241,250
19 Depreciation (attach schedule) and depletion... Click to see attachment 399,558 0 0
20 Occupancy.............. 338,414 0 0 338,414
21 Travel, conferences, and meetings....... 125,007 2,388 0 122,620
22 Printing and publications.......... 51,563 0 0 46,563
23 Other expenses (attach schedule)....... Click to see attachment 491,894 0 0 501,014
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 7,185,724 1,596,704 0 4,228,924
25 Contributions, gifts, grants paid....... 21,573,961 21,255,628
26 Total expenses and disbursements. Add lines 24 and 25 28,759,685 1,596,704 0 25,484,552
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,404,920
b Net investment income (if negative, enter -0-) 54,464,570
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 288,391 485,834 485,834
2 Savings and temporary cash investments......... 17,531,403 40,598,003 40,598,003
3 Accounts receivable bullet0
Less: allowance for doubtful accounts bullet0 0 0 0
4 Pledges receivable bullet0
Less: allowance for doubtful accounts bullet0 0 0 0
5 Grants receivable................. 0 0 0
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 0 0
7 Other notes and loans receivable (attach schedule) bullet0
Less: allowance for doubtful accounts bullet0 0 0 0
8 Inventories for sale or use.............. 0 0 0
9 Prepaid expenses and deferred charges.......... 61,438 69,490 69,490
10a Investments—U.S. and state government obligations (attach schedule) 0 0 0
b Investments—corporate stock (attach schedule)....... 179,299,503 Click to see attachment138,468,091 138,468,091
c Investments—corporate bonds (attach schedule)....... 121,797,855 Click to see attachment95,771,815 95,771,815
11 Investments—land, buildings, and equipment: basis bullet0
Less: accumulated depreciation (attach schedule) bullet0 0   0
12 Investments—mortgage loans............. 0 0  
13 Investments—other (attach schedule).......... 189,378,750 Click to see attachment125,946,254 125,946,254
14 Land, buildings, and equipment: basis bullet15,510,693
Less: accumulated depreciation (attach schedule) bullet7,245,419 8,578,965 Click to see attachment8,265,274 8,265,274
15 Other assets (describe bullet) Click to see attachment8,802,431 Click to see attachment106,473,842 Click to see attachment106,473,842
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 525,738,736 516,078,603 516,078,603
Liabilities 17 Accounts payable and accrued expenses.......... 241,699 387,015
18 Grants payable................. 1,372,000 1,691,300
19 Deferred revenue................. 0 0
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)...... 10,800,000 Click to see attachment10,800,000
22 Other liabilities (describe bullet) Click to see attachment522,699 Click to see attachment339,491
23 Total liabilities (add lines 17 through 22)......... 12,936,398 13,217,806
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 512,802,338 502,860,797
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 512,802,338 502,860,797
31 Total liabilities and net assets/fund balances (see instructions). 525,738,736 516,078,603
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
512,802,338
2
Enter amount from Part I, line 27a .....................
2
-2,404,920
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
510,397,418
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
7,536,621
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
502,860,797
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b FROM PARTNERSHIPS P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 6,323,166     6,323,166
b 45,741,202     45,741,202
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a     0 6,323,166
b     0 45,741,202
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 52,064,368
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 0
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 25,550,446 506,262,365 0.050469
2016 25,228,899 479,180,963 0.052650
2015 24,702,505 467,542,855 0.052835
2014 24,449,812 499,791,068 0.048920
2013 23,966,049 493,829,403 0.048531
2
Total of line 1, column (d) .....................
2
0.253405
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.050681
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
495,762,243
5
Multiply line 4 by line 3......................
5
25,125,726
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
544,646
7
Add lines 5 and 6........................
7
25,670,372
8
Enter qualifying distributions from Part XII, line 4,.............
8
25,570,428
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 1,089,291
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) Click to see attachment 2 0
3 Add lines 1 and 2........................... 3 1,089,291
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,089,291
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 998,627
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 998,627
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 1,900
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 92,564
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet   RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA, DC
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.publicwelfare.org
    14
    The books are in care ofbulletPUBLIC WELFARE FOUNDATION Telephone no.bullet (202) 965-1800

    Located atbullet1200 U STREETWASHINGTONDC ZIP+4bullet200094443
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
    0
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    AASE CRAIG DIRECTOR
    1.000     		6,000 0 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U STREET NW
    WASHINGTON,DC20009
    BELL-ROSE STEPHANIE DIRECTOR
    1.000     		6,000 0 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U STREET NW
    WASHINGTON,DC20009
    DIVER COLIN DIRECTOR
    1.000     		6,000 0 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U STREET NW
    WASHINGTON,DC20009
    DODSON DAVID DIRECTOR
    1.000     		6,000 0 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U STREET NW
    WASHINGTON,DC20009
    GRAHAM CHRISTOPHER DIRECTOR
    1.000     		6,000 0 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U STREET NW
    WASHINGTON,DC20009
    JONES CANDICE PRESIDENT
    40.000     		365,650 57,012 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U STREET NW
    WASHINGTON,DC20009
    OLIVEROS GUMERSINDO DIRECTOR
    1.000     		0 0 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U STREET NW
    WASHINGTON,DC20009
    OTERO MARIA DIRECTOR
    1.000     		6,000 0 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U STREET NW
    WASHINGTON,DC20009
    SAGAWA SHIRLEY DIRECTOR
    1.000     		6,000 0 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U STREET NW
    WASHINGTON,DC20009
    SLOAN CLIFFORD DIRECTOR
    1.000     		6,000 0 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U STREET NW
    WASHINGTON,DC20009
    TAYLOR PHILLIPA P CFAO
    40.000     		331,486 58,007 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U STREET NW
    WASHINGTON,DC20009
    WASHINGTON ERIC DIRECTOR
    1.000     		6,000 0 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U STREET NW
    WASHINGTON,DC20009
    TAYLOR-THOMPSON KIM DIRECTOR
    1.000     		6,000 0 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U STREET NW
    WASHINGTON,DC20009
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    MARSHALL ALISE PROGRAM DIRECTOR
    40.000     		125,460 9,536 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U STREET NW
    WASHINGTON,DC20009
    LIPA GALIT PROGRAM DIRECTOR
    40.000     		87,109 16,152 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U STREET NW
    WASHINGTON,DC20009
    HEINZ KAITLIN CONTROLLER
    40.000     		124,630 21,794 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U ST NW
    WASHINTON,DC20009
    FREIBERG JINA GRANTS MANAGER
    40.000     		88,355 16,525 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U STREET NW
    WASHINGTON,DC20009
    SHULL ROBERT PROGRAM DIRECTOR
    40.000     		203,850 35,659 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U ST NW
    WASHINTON,DC20009
    Total number of other employees paid over $50,000...................bullet 10
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    COMMONFUND - CASH ACCOUNT INVESTMENT MANAGEMENT 414,318
    15 OLD DANBURY ROAD
    PO BOX 812
    WILTON,CT068970812
    CAMBRIDGE ASSOCIATES INVESTMENT MANAGEMENT 367,023
    125 High Street
    Boston,MA02110
    THE NORTHERN TRUST COMPANY INVESTMENT MANAGEMENT 179,109
    50 SOUTH LASALLE STREET B-8
    CHICAGO,IL60603
    ASHLEY RAYMENT COMMUNICATIONS CONSULTING 119,196
    2535 WOODCREEK CT SE
    GRAND RAPIDS,MI49546
    GARCIA HAMILTON INVESTMENT MANAGEMENT 83,991
    1401 McKinnery
    Suite 1600
    Houston,TX77010
    Total number of others receiving over $50,000 for professional services.............bullet6
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 N/A 0
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A 0
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    483,885,103
    b
    Average of monthly cash balances.......................
    1b
    19,021,872
    c
    Fair market value of all other assets (see instructions)................
    1c
    404,947
    d
    Total (add lines 1a, b, and c).........................
    1d
    503,311,922
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    503,311,922
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    7,549,679
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    495,762,243
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    24,788,112
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    24,788,112
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    1,089,291
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
    0
    c
    Add lines 2a and 2b............................
    2c
    1,089,291
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    23,698,821
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    967
    5
    Add lines 3 and 4............................
    5
    23,699,788
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    23,699,788
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    25,484,552
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    85,876
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    25,570,428
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    25,570,428
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 23,699,788
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 2015, 2014 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 486,983
    b From 2014...... 176,074
    c From 2015...... 1,504,152
    d From 2016...... 1,510,484
    e From 2017...... 807,186
    fTotal of lines 3a through e........ 4,484,879
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 25,570,428
    a Applied to 2017, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 23,699,788
    e Remaining amount distributed out of corpus 1,870,640
    5 Excess distributions carryover applied to 2018. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 6,355,519
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		486,983
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		5,868,536
    10 Analysis of line 9:
    a Excess from 2014.... 176,074
    b Excess from 2015.... 1,504,152
    c Excess from 2016.... 1,510,484
    d Excess from 2017.... 807,186
    e Excess from 2018.... 1,870,640
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    None
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    None
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    GRANTS MANAGEMENT
    1200 U STREET NW
    WASHINGTON,DC20009
    (202) 965-1800
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICANTS SHOULD COMPLETE AN ONLINE LETTER OF INQUIRY IN WHICH YOU PROVIDE A BASIC INTRODUCTION TO YOUR PROJECT AND ORGANIZATION AND PROVIDE THE PURPOSE OF YOUR GRANT REQUEST. ALL APPLICANTS MUST COMPLETE AN ONLINE LETTER OF INQUIRY WHICH ARE ACCEPTED ON A ROLLING BASIS. IF AFTER REVIEWING THE ONLINE LETTER OF INQUIRY, THE FOUNDATION DETERMINES THAT THE PROJECT FITS ITS FUNDING GOALS, AN INVITATION TO SUBMIT A FULL PROPOSAL IS SENT VIA EMAIL. IF AN APPLICANT RECEIVES AN EMAIL REQUESTING THE SUBMISSION OF A FULL PROPOSAL, THE APPLICANT SHOULD FOLLOW THE INSTRUCTIONS AT THE FOUNDATION'S WEBSITE AT HTTP://WWW.PUBLICWELFARE.ORG/GRANTS/APPLY-FOR-A-GRANT/
    cAny submission deadlines:
    LETTERS OF INQUIRY ARE EXAMINED ON A ROLLING BASIS.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE PUBLIC WELFARE FOUNDATION SUPPORTS EFFORTS TO ENSURE FUNDAMENTAL RIGHTS AND OPPORTUNITIES FOR PEOPLE IN NEED. WE LOOK FOR CAREFULLY DEFINED POINTS WHERE OUR FUNDS CAN MAKE A DIFFERENCE IN BRINGING ABOUT SYSTEMIC CHANGES THAT CAN IMPROVE LIVES. WE FOCUS IN TWO PROGRAM AREAS: CRIMINAL JUSTICE AND YOUTH JUSTICE.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    A Wider Circle
    4808 Moorland Ln
    Bethesda,MD20814     		None PC General support 1,000
    Action Council of Monterey County
    295 Main Street
    Salinas,CA93901     		None PC Support for MILPA (Motivating Individual Leadership for Public Advancement) 150,000
    Alternate Roots Inc
    1270 Caroline St
    Atlanta,GA30307     		None PC Support for SpiritHouse 45,000
    American Brain Tumor Association
    8550 W Bryn Mawr Ave Suite 550
    Chicago,IL60631     		None PC General support 400
    American Friends Service Committee
    1501 Cherry St
    Philadelphia,PA19102     		None PC Support for statewide sentencing reform efforts in Arizona 242,000
    American University
    4400 Massachusetts Avenue NW
    Washington,DC20016     		None PC Support for the Right to Counsel National initiative 85,000
    Arizona Community Foundation
    2201 E Camelback Road Suite 405B
    Phoenix,AZ85016     		None PC Support to launch a prize initiative for innovation in law & policy for low-wage workers' rights 250,000
    ART 180 Inc
    114 W Marshall Street
    Richmond,VA23220     		None PC General support 20,000
    Asian American LEAD
    1029 Vermont Avenue NW
    Washington,DC20005     		None PC General support 200
    Aspen Institute
    2300 N St NW Suite 700
    Washington,DC20037     		None PC Program support for the Forum for Community Solutions 25,000
    Association of Prosecuting Attorneys
    1615 L Street Suite 1100
    Washington,DC20036     		None PC General support 200,000
    Association of State Correctional Administrators (ASCA)
    ASCA HQ PO Box 102
    Iona,ID83427     		None PC Project support for efforts to increase access to college for incarcerated students 100,000
    At Home in Alexandria
    3139 Mount Vernon Ave
    Alexandria,VA22305     		None PC General support 200
    Auburn Theological Seminary
    475 Riverside Drive
    New York,NY10115     		None PC Support for the film "The Psalm of Howard Thurman" by Arleigh Prelow 2,500
    Bishop John T Walker School for Boys
    1801 Mississippi Avenue
    Washington,DC20020     		None PC General support 2,500
    Boston Childrens Chorus
    20 Old Colony Avenue
    Boston,MA02127     		None PC General support 5,000
    Brooklyn Community Bail Fund
    195 Montague Street
    New York,NY11201     		None PC General support 500
    Cabrini Green Legal Aid Clinic
    6 South Clark St
    Chicago,IL60603     		None PC General support 25,000
    Cabrini Green Legal Aid Clinic
    6 South Clark St
    Chicago,IL60603     		None PC General support 2,000
    Campaign for the Fair Sentencing of Youth
    1319 F Street NW
    Washington,DC20004     		None PC Project support for Incarcerated Children's Advocacy Network (ICAN) members 30,000
    Campaign for the Fair Sentencing of Youth
    1319 F Street NW
    Washington,DC20004     		None PC General support 5,000
    Campaign for Youth Justice
    1220 L St NW Suite 605
    Washington,DC20005     		None PC General support 400,000
    Campaign for Youth Justice
    1220 L St NW Suite 605
    Washington,DC20005     		None PC Project support for strategic support 35,000
    Capitol Hill Village
    725 8th St SE
    Washington,DC20003     		None PC General support 500
    Center for American Progress
    1333 H Street NW 10th Floor
    Washington,DC20005     		None PC Project support to expand alternatives to incarceration and foster public safety 100,000
    Center for Community Change
    1536 U Street NW
    Washington,DC20009     		None PC Support for Fellowship on the Future of Workers 165,000
    Center for Law and Social Policy
    1200 18th Street NW
    Washington,DC20036     		None PC General support 2,500
    Center for Popular Democracy
    449 Troutman Street Suite A
    Brooklyn,NY11237     		None PC Program support for coordination of state coalitions and forced arbitration education 700,000
    Center for Progressive Reform
    455 Massachusetts Ave NW 150-513
    Washington,DC20001     		None PC Program support for health and safety research 400,000
    Center for Public Integrity
    910 17th Street 7th floor
    Washington,DC20006     		None PC Program support for investigative reporting on workers' rights issues 300,000
    Center for Public Integrity
    910 17th Street 7th floor
    Washington,DC20006     		None PC Support to produce original investigative journalism for a workers' rights reporting beat 150,000
    Center on Budget and Policy Priorities
    1275 First Street NE Suite 1200
    Washington,DC20002     		None PC Program support to provide technical assistance on fiscal and budget issues to youth decarceration 100,000
    Centro de los Derechos del Migrante
    10 East North Avenue
    Baltimore,MD21202     		None PC General support 50,000
    Centro de los Derechos del Migrante
    10 East North Avenue
    Baltimore,MD21202     		None PC General support 400,000
    Choral Society of Durham
    120 Morris St
    Durham,NC27701     		None PC General support 5,000
    Collaborative Solutions for Communities
    3333 14th Street NW 200
    Washington,DC20010     		None PC Program support to implement violence prevention and interruption efforts in Wards 1-5 in DC 100,000
    Colorado Criminal Justice Reform Coalition
    1212 Mariposa Street Suite 6
    Denver,CO80204     		None PC General support 250,000
    ColorOfChangeOrg Education Fund
    1714 Franklin Street 100-136
    Oakland,CA94612     		None PC General support 150,000
    Columbia University
    615 W 131 Street
    New York,NY10027     		None PC Program support for the Youth Correctional Leaders for Justice 150,000
    Community Connections for Youth
    369 East 149th Street
    Bronx,NY10455     		None PC Program support for the Carolina Youth Action Project 50,000
    Community Connections for Youth
    369 East 149th Street
    Bronx,NY10455     		None PC General support 292,000
    Community Connections for Youth
    369 East 149th Street
    Bronx,NY10455     		None PC Support for technical assistance & training on building capacity for alt to youth incarceration 100,000
    Community Works
    4681 Telegraph Avenue
    Oakland,CA94609     		None PC Project support for the Transformational Prison Project 50,000
    Council for Court Excellence
    1111 14th St NW
    Washington,DC20005     		None PC Project support for a DC criminal and juvenile justice landscape review 34,000
    DC Greens Inc
    2000 P St NW
    Washington,DC20036     		None PC General support 1,000
    Democracy North Carolina
    1821 Green St
    Durham,NC27705     		None PC General support 2,500
    Detroit Justice Center
    2465 Longfellow St
    Detroit,MI48206     		None PC General support 100,000
    Detroit Justice Center
    2465 Longfellow St
    Detroit,MI48206     		None PC Project support to help build the long-term capacity of criminal justice organizers in Michigan 68,700
    District of Columbia Grassroots Empowerment Project Incorporated
    1419 V Street NW
    WASHINGTON,DC20009     		None PC General support 25,000
    Dwight Hall at Yale
    67 High Street
    New Haven,CT06520     		None PC Support for social justice programming 5,000
    Far Southeast Family Strengthening Collaborative
    2041 Martin Luther King Jr Ave SE 3
    04
    Washington,DC20020     		None PC Program support to implement violence prevention and interruption efforts in Ward 8 in DC 100,000
    Free Minds Book Club
    1816 12th Street NW
    Washington,DC20009     		None PC Program support for the Emerging Leaders: On the Same Page project 100,000
    Friends of Guest House
    1 East Luray Ave
    Alexandria,VA22301     		None PC General support 300
    Friends of St Stephens Youth Programs Inc
    419 Shawmut Avenue
    Boston,MA02118     		None PC General support 2,500
    Georgetown University
    600 New Jersey Ave NW
    Washington,DC20009     		None PC Project support to provide leadership, organizing, & expertise for juvenile justice reform 200,000
    Georgetown University
    600 New Jersey Ave NW
    Washington,DC20009     		None PC Program support for the Juvenile Justice Leadership Network 100,000
    Greater Washington Community Foundation
    1325 G Street NW
    Washington,DC20005     		None PC Project support for the DC Fund for Just and Peaceful Neighborhoods 200,000
    Homeless Childrens Playtime Project
    1525 Newton St NW
    Washington,DC20010     		None PC General support 200
    Human Rights Watch
    350 Fifth Avenue
    New York,NY10118     		None PC Program support for work around California's reforms in youth transfer and sentencing laws 200,000
    In These Times
    2040 N Milwaukee Ave
    Chicago,IL60647     		None PC Program support for original print and online news coverage and commentary on workers' rights 160,000
    Interfaith Worker Justice
    1020 W Bryn Mawr Ave
    Chicago,IL60660     		None PC General support 400,000
    Jazzmobile Inc
    163 W 125th St
    New York,NY10027     		None PC General support 20,000
    JFA Institute
    720 Kearney St
    Denver,CO80220     		None PC General support 100,000
    John Paul Stevens Fellowship Foundation
    3 Embarcadero Center 10th Floor
    San Francisco,CA94111     		None PC General support 5,000
    John Paul Stevens Fellowship Foundation
    3 Embarcadero Center 10th Floor
    San Francisco,CA94111     		None PC General support 5,000
    Johns Hopkins University
    3400 N Charles Street
    Baltimore,MD21218     		None PC Support for the Center for Government Excellence 200,000
    Justice For Families LTD
    1913 Azalea Street
    Sulphur,LA70663     		None PC Support to provide training for families to engage in states with active Youth First initiatives 100,000
    Justice in Motion
    789 Washington Ave
    Brooklyn,NY11238     		None PC General support 250,000
    Justice Policy Institute
    1012 14th Street NW
    Washington,DC20005     		None PC Project support for the DC Emerging Adult Justice Action Collaborative 200,000
    JusticeAid
    2120 Kalorama Rd Nw Apt 3
    Washington,DC20008     		None PC General support 5,000
    Juvenile Justice Coalition
    PO Box 477
    Bath,OH44210     		None PC General support 60,000
    Juvenile Justice Initiative
    518 Davis
    Evanston,IL60201     		None PC General support 100,000
    Juvenile Law Center
    1315 Walnut Street Suite 400
    Philadelphia,PA19107     		None PC Support for a policy reform effort to end the practice of registering young people as sex offenders 150,000
    Kansas Appleseed Center for Law and Justice Inc
    211 E 8th St
    Lawrence,KS66044     		None PC General support 100,000
    Korean American Family Service Center Inc
    PO Box 541429
    Flushing,NY11354     		None PC General support 400
    Latino Coalition for Community Leadership
    970 Village Lane
    Santa Barbara,CA93110     		None PC Support to build capacity to act as an intermediary for Colorado's community reinvestment partners 150,000
    Latino Network
    410 NE 18th Ave
    Portland,OR97232     		None PC Project support for a convening of the EBP+ Collaborative 25,000
    LatinoJustice PRLDEF
    99 Hudson Street
    New York,NY10013     		None PC Program support for Reenvision Justicia 200,000
    Law Enforcement Action Partnership
    121 Mystic Avenue
    Medford,MA02155     		None PC General support 200,000
    Living Cities Inc the National Community Development Initiative
    1040 Avenue of the Americas Floor 1
    7
    New York,NY10018     		None PC Project support for Frontline Solutions 200,000
    Los Angeles Alliance for a New Economy
    464 Lucas Ave
    Los Angeles,CA90017     		None PC Program support for the Clean and Safe Ports initiative 250,000
    Louis D Brown Peace Institute
    15 Christopher Street
    Dorchester,MA02122     		None PC General support 2,500
    Louisiana Center for Childrens Rights
    1100-B Milton Street
    New Orleans,LA70122     		None PC General support 200,000
    Macalester College
    1600 Grand Ave
    St Paul,MN55105     		None PC General support 2,500
    Made in Durham
    359 Blackwell Street Suite 200
    Durham,NC27701     		None PC General support 2,500
    Make the Road New York
    301 Grove Street
    Brooklyn,NY11237     		None PC General support 200,000
    Make the Road New York
    301 Grove Street
    Brooklyn,NY11237     		None PC Program support 700,000
    Many Hands Inc
    PO Box 15048
    Chevy Chase,MD20825     		None PC General support 2,000
    March on Washington Film Festival
    1341 G St NW 5th Floor
    Washington,DC20005     		None PC General support to the March on Washington Film Festival 20,000
    Marthas Table
    2114 - 14th St NW
    Washington,DC20009     		None PC General support 120
    Media Mobilizing Project
    924 Cherry Street 5th Floor
    Philadelphia,PA19107     		None PC Support for the Youth Art & Self-Empowerment Project; & work in PA to pilot a tech. assistance model 70,000
    Merriam Park Living at Home Block Nurse Program
    1895 Laurel Avenue
    St Paul,MN55104     		None PC General support 2,500
    Michigan Council on Crime and Delinquency
    1000 West St Joseph Suite 400
    Lansing,MI48915     		None PC Support for Nation Outside 21,300
    Michigan Council on Crime and Delinquency
    1000 West St Joseph Suite 400
    Lansing,MI48915     		None PC Program support to raise the age of juvenile court jurisdiction to eighteen in Michigan 180,000
    MomsRising Education Fund
    12011 Bel-Red Road
    Bellevue,WA98005     		None PC Program support for reporting on juvenile justice issues 100,000
    National Committee for Responsive Philanthropy
    1900 L St NW
    Washington,DC20036     		None PC General Support 40,000
    National COSH
    3737 Camino del Rio South Suite 305
    San Diego,CA92108     		None PC General support 300,000
    National Council for Incarcerated and Formerly Incarcerated Women
    100 R Warren Street
    Roxbury,MA02119     		None PC General support to an organization that provides support for policy and leadership development 50,000
    National Employment Law Project
    90 Broad Street Suite 110
    New York,NY10004     		None PC General support 700,000
    National Lead for America Inc
    400 South Rd
    CHAPEL HILL,NC27514     		None PC General support 5,000
    National Network of Abortion Funds
    PO Box 22457
    Philadelphia,PA19110     		None PC Project support for Mississippi Reproductive Freedom Fund 35,984
    National Public Radio
    1111 North Capitol St NE
    Washington,DC20002     		None PC Support for NPR's coverage of criminal justice reform 200,000
    National Queer Asian Pacific Islander Alliance Inc
    PO Box 1277 Old Chelsea Station
    New York,NY10113     		None PC General support 200
    Neighborhood Funders Group
    436 14th Street Suite 425
    Oakland,CA94612     		None PC Program support for Funders for a Just Economy 75,000
    Neighborhood Funders Group
    436 14th Street Suite 425
    Oakland,CA94612     		None PC Support for Funders for a Just Economy's initiative to educate and engage local funders 200,000
    New Venture Fund
    1201 Connecticut Ave NW Suite 300
    Washington,DC20036     		None PC Program support for the Youth First State Advocacy Fund 400,000
    New Venture Fund
    1201 Connecticut Ave NW Suite 300
    Washington,DC20036     		None PC Program support for Voices for Civil Justice 300,000
    New Venture Fund
    1201 Connecticut Ave NW Suite 300
    Washington,DC20036     		None PC Support for the Self-Represented Litigation Network 200,000
    New Venture Fund
    1201 Connecticut Ave NW Suite 300
    Washington,DC20036     		None PC Support for Youth First Initiative 300,000
    New York Avenue Foundation
    1313 New York Avenue
    Washington,DC20005     		None PC General support 500
    NJJN
    1734 Connecticut Unit 1
    Washington,DC20009     		None PC General support 200,000
    Northwest Employment Education and Defense Fund
    812 SW Washington Ste 225
    Portland,OR97205     		None PC General support 100,000
    Northwest Employment Education and Defense Fund
    812 SW Washington Ste 225
    Portland,OR97205     		None PC Program support for state policy coalition 100,000
    Northwestern University School of Law
    PO Box 625
    Ely,MN55731     		None PC Support for the Save the Boundary Waters initiative 2,500
    Northwestern University School of Law
    375 E Chicago Ave 8th Floor
    Chicago,IL60611     		None PC Program support for research 200,000
    Old Sol Alliance Inc
    370 Myrtle St
    MANCHESTER,NH03104     		None PC Support for public education regarding service years 5,000
    ONE DC
    614 S Street NW
    Washington,DC20001     		None PC General support 20,000
    Operation Restoration
    2321 Thalia St
    New Orleans,LA70113     		None PC General support 100,000
    Organization for Youth Empowerment
    3128 19th Street NW
    Washington,DC20010     		None PC Support for education efforts for low-income youth in Honduras 20,000
    Pacifica Foundation dba WPFW
    1990 K St NW
    Washington,DC20006     		None PC General Support 25,000
    Pancreatic Cancer Action Network Inc
    1500 Rosecrans Ave
    Manhattan Beach,CA90266     		None PC General support 250
    Pasadena Humane Society and SPCA
    361 SOUTH RAYMOND AVENUE
    PASADENA,CA91105     		None PC General support 300
    Planned Parenthood Federation of America
    123 William Street 10th Floor
    New York,NY10038     		None PC General support 180
    Planned Parenthood Gulf Coast Inc
    4600 Gulf Freeway
    Houston,TX77023     		None PC General support 100
    Planned Parenthood Minnesota North Dakota South Dakota
    671 Vandalia Street
    St Paul,MN55114     		None PC General support 2,500
    Planned Parenthood of Metropolitan DC
    1108 16th Street NW
    Washington,DC20036     		None PC General support 200
    Pretrial Justice Institute
    7361 Calhoun Place
    Rockville,MD20855     		None PC Project support for the Pretrial Innovators Convention 10,000
    Prison Fellowship Ministries
    44180 Riverside Parkway
    Lansdowne,VA20176     		None PC General support 350,000
    Prison Policy Initiative
    69 Garfield Ave Floor 1
    Easthampton,MA01027     		None PC Program support to conduct data analyses and produce materials to fill criminal justice data 120,000
    Project&
    220 N Green St
    Chicago,IL60607     		None PC Project support for Working in America 25,000
    Promise of Justice Initiative
    1024 Elysian Fields
    New Orleans,LA70116     		None PC Project support to establish a participatory defense hub in New Orleans 85,000
    Public Citizen Foundation
    1600 20th Street NW
    Washington,DC20009     		None PC Program support for litigation on worker health and regulatory policy 200,000
    Public Health Advocacy Institute
    360 Huntington Avenue
    Boston,MA02115     		None PC Program support for technical assistance, public education, and research 300,000
    Puente Human Rights Movement
    PO Box 21837
    Phoenix,AZ85036     		None PC General support 60,350
    R Street Institute
    1212 New York Ave NW
    Washington,DC20005     		None PC Program support to build conservative support for ending policies to try youth as adults 100,000
    Raphah Institute
    615 Main Street
    Nashville,TN37206     		None PC General support 50,000
    Resist
    259 Elm Street
    Somerville,MA02144     		None PC General support 200,000
    Resist
    259 Elm Street
    Somerville,MA02144     		None PC General support 200
    Resist
    259 Elm Street
    Somerville,MA02144     		None PC General support 200
    Rights & Democracy Education Fund
    70 S Winooski Avenue
    Burlington,VT05401     		None PC General support for state organizing efforts in Vermont 450,000
    Safe & Just Michigan
    222 West Genesee Street
    Lansing,MI48933     		None PC Program support for National Network for Justice 150,000
    Sasha Bruce Youthwork Inc
    745 8th St SE
    Washington,DC20003     		None PC General support 240
    Second Chance Center Inc
    9722 East 16th Avenue
    Aurora,CO80010     		None PC General Support 75,000
    Service Year Alliance
    1400 Eye St NW Suite 900
    Washington,DC20005     		None PC General support 10,000
    Silicon Valley De-Bug
    701 Lenzen Avenue
    San Jose,CA95126     		None PC Project support to establish two participatory defense hubs in Michigan 145,000
    SisterSong Women of Color Reproductive Justice Collective
    1237 Ralph D Abernathy Blvd Sw
    Atlanta,GA30310     		None PC General support 200
    SisterSong Women of Color Reproductive Justice Collective
    1237 Ralph D Abernathy Blvd Sw
    Atlanta,GA30310     		None PC General support 200
    SisterSong Women of Color Reproductive Justice Collective
    1237 Ralph D Abernathy Blvd Sw
    Atlanta,GA30310     		None PC General support 50,000
    SisterSong Women of Color Reproductive Justice Collective
    1237 Ralph D Abernathy Blvd Sw
    Atlanta,GA30310     		None PC General support 2,000
    So Others Might Eat
    71 O Street NW
    Washington,DC20001     		None PC General support 120
    Social & Environmental Entrepreneurs
    23532 Calabasas Road
    Calabasas,CA91302     		None PC Support to the Racial Justice Action Center 50,000
    Social & Environmental Entrepreneurs
    23532 Calabasas Road
    Calabasas,CA91302     		None PC Program support for youth led work to end youth incarceration through arts based programming 100,000
    Step Afrika U S A Incorporated
    1333 H St NE
    Washington,DC20002     		None PC Project support for marketing and communications efforts for Step Afrika!'s 25th anniversary 25,000
    Stephen C Rose Legacy Foundation
    138 Governor Street
    Providence,RI02940     		None PC General support 20,000
    Susan G Komen Breast Cancer Foundation
    Greater Lansing Affiliate
    East Lansing,MI48826     		None PC Program support for Susan G. Komen 3-Day 200
    Syracuse University
    820 Comstock Avenue
    Syracuse,NY13244     		None PC Support for School of Social Work Discretionary Fund 400
    Texas Criminal Justice Coalition
    1714 Fortview Rd Suite 104
    Austin,TX78735     		None PC Youth Justice Program for work to raise the age of juvenile jurisdiction to 18 125,000
    Texas Criminal Justice Coalition
    1714 Fortview Rd Suite 104
    Austin,TX78735     		None PC General Support 300,000
    Texas Public Policy Foundation
    901 Congress Avenue
    Austin,TX78701     		None PC Program support to advance state and federal criminal justice reform 150,000
    The Afiya Center
    7220 Westmoreland Suite 200
    Dallas,TX75237     		None PC General support 35,984
    The ARC
    1825 K Street NW Suite 1200
    Washington,DC20006     		None PC Support for the National Center on Criminal Justice & Disability 5,000
    The ARC
    1825 K Street NW Suite 1200
    Washington,DC20006     		None PC General support 2,500
    The Boys and Girls Clubs of Greater Washington
    4103 Benning Rd NE
    Washington,DC20019     		None PC Support for programs designed to address needs of at-risk children in Washington, DC 10,000
    The Buckeye Ranch
    5665 Hoover Road
    Grove City,OH43123     		None PC General support 20,000
    The Center for Effective Philanthropy
    675 Massachusetts Avenue
    Cambridge,MA02139     		None PC General support 5,000
    The Education Trust
    1250 H Street NW Suite 700
    Washington,DC20005     		None PC Project support to lift the ban on federal Pell grants for incarcerated students 200,000
    The Georgia Latino Alliance for Human Rights
    7 Dunwoody Park
    Atlanta,GA30338     		None PC General support 38,000
    The Marshall Project
    156 W 56th Street Suite 701
    New York,NY10019     		None PC Project support for News Inside and partnership with Sundance Documentary Film Fund 200,000
    The MusicianShip DC
    2863 29th Street NW
    Washington,DC20008     		None PC Project support for the DC Funk Parade 15,000
    The National Reentry Network for Returning Citizens
    3227 Dubois Place SE
    Washington,DC20019     		None PC General support 25,000
    The Schubert Club
    Landmark Center 75 5th Street East
    St Paul,MN55102     		None PC Support for music educational programs 2,500
    The Sixth Amendment Center Incorporated
    PO Box 15556
    Boston,MA02215     		None PC General support 200,000
    Theatre of the Oppressed NYC
    758 8th Ave Suite 300
    New York,NY10036     		None PC General support 200
    Theatre of the Oppressed NYC
    758 8th Ave Suite 300
    New York,NY10036     		None PC General support 200
    Theatre of the Oppressed NYC
    758 8th Ave Suite 300
    New York,NY10036     		None PC General support 200
    Tides Center
    PO Box 29907
    San Francisco,CA94129     		None PC Program support to Californians for Safety and Justice 200,000
    Tides Foundation
    PO Box 29903
    San Francisco,CA94129     		None PC Support for Florida Rights Restoration Coalition 100,000
    Tides Foundation
    PO Box 29903
    San Francisco,CA94129     		None PC Project support for Life Comes From It 150,000
    Trace Media Inc
    68 3rd St 236
    Brooklyn,NY11202     		None PC Project support for a series investigating gun violence, justice reform, & economic equality 150,000
    Training Grounds Inc
    3526 Stanton Rd SE
    Washington,DC20020     		None PC Program support to implement violence prevention efforts in DC Wards 6 and 7 100,000
    Trinity Boston Foundation
    206 Clarendon St
    Boston,MA02116     		None PC General support 7,500
    Tufts University
    Lincoln Filene Hall
    Medford,MA02155     		None PC General support to Tisch College 2,500
    Type Media Center
    116 East 16th Street 8th floor
    New York,NY10003     		None PC Project support for the Type Media Fellowship 50,000
    Ubuntu Village Nola
    430 N Galvez Street
    New Orleans,LA70119     		None PC Program support to pilot a parent navigator program 25,000
    United Support and Memorial for Workplace Fatalities
    2837 Yellowstone PKWY
    Lexington,KY40517     		None PC General support 125,000
    United Support and Memorial for Workplace Fatalities
    2837 Yellowstone PKWY
    Lexington,KY40517     		None PC General support 75,000
    University of California Berkeley Foundation
    1995 University Ave
    Berkeley,CA94704     		None PC Support for the Berkeley Undergraduate Scholarship Fund 200
    University of Delaware
    83 E Main Street 3rd Floor
    NEWARK,DE19716     		None PC General support 400
    University of Minnesota Foundation
    200 Oak Street SE Suite 500
    Minneapolis,MN55455     		None PC Program support to establish the Anne O. Krueger Faculty Endowment in Economics 20,000
    Vera Institute of Justice Inc
    233 Broadway
    New York,NY10279     		None PC Program support for Restoring Promise 1,000,000
    Violence Policy Center
    1025 Connecticut Ave NW
    Washington,DC20036     		None PC General support 5,000
    Virginia Tech Foundation Inc
    902 Prices Fork Road MC0336
    Blacksburg,VA24061     		None PC General support 300
    Voice of the Experienced
    2022 St Bernard Ave
    New Orleans,LA70116     		None PC General support 385,000
    Voices for a Second Chance
    1422 Massachusetts Ave SE
    Washington,DC20003     		None PC General support 25,000
    W Haywood Burns Institute
    475 14th Street Suite 800
    Oakland,CA94612     		None PC Project support for the planning and incubation of a national Credible Messenger Mentoring Movement 200,000
    Washington Regional Association of Grantmakers
    1400 Sixteenth Street NW
    Washington,DC20036     		None PC General Support 21,500
    WETA
    2775 South Quincy Street
    Arlington,VA22206     		None PC Project support for WETA's PBS NewsHour to support a five part criminal justice-focused broadcast 100,000
    Wilderness Inquiry
    808 14th Avenue SE
    Minneapolis,MN55414     		None PC Support of the canoemobile (floating classroom) program 2,500
    Youth Advocate Programs Inc
    2007 N Third St
    Harrisburg,PA17102     		None PC Program support for YAP's Policy and Advocacy Center 150,000
    Youth Advocate Programs Inc
    2007 N Third St
    Harrisburg,PA17102     		None PC Project support for Safely Home DC 200,000
    Total .................................bullet 3a 21,255,628
    bApproved for future payment
    Colorado Criminal Justice Reform Coalition
    1212 Mariposa Street Suite 6
    Denver,CO80204     		None PC General support 250,000
    Community Connections for Youth
    369 East 149th Street
    Bronx,NY10455     		None PC General support 108,000
    Detroit Justice Center
    2465 Longfellow St
    Detroit,MI48206     		None PC General support 100,000
    Georgetown University
    600 New Jersey Ave NW
    Washington,DC20009     		None PC Program support for the Juvenile Justice Leadership Network 100,000
    Michigan Council on Crime and Delinquency
    1000 West St Joseph Suite 400
    Lansing,MI48915     		None PC Support for Nation Outside 21,300
    New Venture Fund
    1201 Connecticut Ave NW Suite 300
    Washington,DC20036     		None PC Support for Youth First Initiative 302,000
    NJJN
    1734 Connecticut Unit 1
    Washington,DC20009     		None PC General support 200,000
    Operation Restoration
    2321 Thalia St
    New Orleans,LA70113     		None PC General support 100,000
    United Support and Memorial for Workplace Fatalities
    2837 Yellowstone PKWY
    Lexington,KY40517     		None PC General support 125,000
    Voice of the Experienced
    2022 St Bernard Ave
    New Orleans,LA70116     		None PC General support 385,000
    Total .................................bullet 3b 1,691,300
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 3,203,551  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 57,363,749  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aCLASS ACTION INCOME     		    1 24,466  
    bPARTNERSHIP INCOME/(LOSS) 523000 -156,209 14 -34,081,042  
    cOther Income     1 250  
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -156,209 26,510,974 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    26,354,765
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
    Yes
     
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    1b(6) 1,989 GREATER WASHINGTON SOCIETY OF CPA'S MEMBERSHIP DUES, CONFERENCE REG
    1b(6) 484 AMERICAN INSTITUTE OF CPA'S MEMBERSHIP DUES
    1b(6) 2,219 SOCIETY FOR HUMAN RESOURCE MANAGEMENT MEMBERSHIP DUES, CONFERENCE REG, JOB POSTING
    1b(6) 1,015 AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES MEMBERSHIP DUES, JOB POSTING
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID: 18007697
    Software Version: 2018v3.1


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    18007697
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 101,170 50,585   0

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2018 DepreciationSchedule
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    18007697
    Software Version:
    2018v3.1
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    Furniture, Fixtures & Equipment   1,373,214 1,195,863     41,938   0  
    Building & Improvements   11,708,306 5,226,672     322,348   0  
    Land & Land Improvements   1,690,862 75,563     4,339   0  
    Bond Refinancing Costs   738,308 347,754     30,933   0  

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2018 GainLossSaleOtherAssetsSch
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    18007697
    Software Version:
    2018v3.1
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    REALIZED GAINS PER BOOKS         257,508,556 200,144,807     57,363,749  

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    18007697
    Software Version:
    2018v3.1
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORE BONDS 58,189,796 58,189,796
    DIVERSIFYING STRATEGIES 37,582,019 37,582,019

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    18007697
    Software Version:
    2018v3.1
    Name of Stock End of Year Book Value End of Year Fair Market Value
    DEVELOPED EX-US EQUITY 0 0
    GLOBAL EQUITY 32,406,596 32,406,596
    U.S. EQUITY 106,061,495 106,061,495

    TY 2018 InvestmentsOtherSchedule2
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    18007697
    Software Version:
    2018v3.1
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    DEVELOPED EX-U.S. EQUITY FMV 0 0
    DIVERSIFYING STRATEGIES FMV 9,694,257 9,694,257
    EMERGING MARKETS EQUITY FMV 499,085 499,085
    PRIVATE EQUITY FMV 28,981,100 28,981,100
    PRIVATE EQUITY-VENTURE CAPITAL FMV 31,534,397 31,534,397
    PRIVATE OPPORTUNISTIC FMV 18,074,077 18,074,077
    PRIVATE REAL ESTATE FMV 37,163,338 37,163,338

    TY 2018 LandEtcSchedule2
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    18007697
    Software Version:
    2018v3.1
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    FURNITURE, FIXTURES & EQUIPMENT 1,373,214 1,237,801 135,413 135,413
    BUILDING & IMPROVEMENTS 11,708,306 5,549,020 6,159,286 6,159,286
    LAND & LAND IMPROVEMENTS 1,690,863 79,901 1,610,962 1,610,962
    OTHER 738,310 378,697 359,613 359,613


    TY 2018 LegalFeesSchedule
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    18007697
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal Fees 54,177 12,154   39,953


    TY 2018 MortgagesAndNotesPayableSch
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    18007697
    Software Version:
    2018v3.1
    Total Mortgage Amount: 10,800,000

    Item No. 1
    Lender's Name TD BANK
    Lender's Title N/A
    Relationship to Insider None
    Original Amount of Loan 10,800,000
    Balance Due 10,800,000
    Date of Note 2010-11
    Maturity Date 2035-10
    Repayment Terms All due on 11/1/2025, Variable interest rate
    Interest Rate  
    Security Provided by Borrower None
    Purpose of Loan Building acq. and restoration
    Description of Lender Consideration None
    Consideration FMV  


    TY 2018 OtherAssetsSchedule
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    18007697
    Software Version:
    2018v3.1
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DEFERRED FEDERAL EXCISE TAXES RECEIVABLE 230,798 17,595 17,595
    DUE FROM NORTHERN TRUST 8,232,609 106,040,007 106,040,007
    ACCRUED INTEREST RECEIVABLE 236,673 311,579 311,579
    EMPLOYEE INVESTMENT - 457(B) 79,646 77,215 77,215
    DEFERRED INCOME RECEIVABLE - 457(B) 22,705 27,446 27,446


    TY 2018 OtherDecreasesSchedule
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    18007697
    Software Version:
    2018v3.1
    Description Amount
    UNREALIZED LOSSES ON INVESTMENTS 7,536,621


    TY 2018 OtherExpensesSchedule
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    18007697
    Software Version:
    2018v3.1
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bank Fees 1,303     1,303
    Building Operations 294,739     294,420
    Employee Recruitment 3,267     3,267
    Insurance 25,709     27,207
    Other Expenses 22,640     22,640
    Hosting Services 15,072     15,072
    Payroll Processing Fees 4,362     4,362
    Supplies 43,326     51,267
    Postage 1,160     1,160
    Professional Development 8,518     8,518
    Telephone 33,970     33,970
    Temporary Help 37,828     37,828


    TY 2018 OtherIncomeSchedule2
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    18007697
    Software Version:
    2018v3.1
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INCOME/(LOSS) -34,237,251 1,816,774  
    CLASS ACTION PROCEEDS 24,466    
    OTHER INCOME 250    


    TY 2018 OtherLiabilitiesSchedule
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    18007697
    Software Version:
    2018v3.1
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED FEDERAL TAX LIABILITY 420,347 234,830
    PLAN LIABILITY - 457(B) 102,352 104,661


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    18007697
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Computer Consulting 60,440     60,440
    Management Fees-Investments 1,318,695 1,318,695    
    Communications Consultant 272,627     272,627
    Program Consultants 17,630     17,630
    Investment Consultant 78,662 78,662    
    Other Consulting 7,437     7,437


    TY 2018 TaxesSchedule
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    18007697
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Payroll Taxes 118,698 6,832   111,866
    Current and Deferred Federal Excise Taxes 932,175      
    Property Taxes 129,384     129,384