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
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 10-01-2020 , and ending 09-30-2021
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$643,943,705J 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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 4,386 4,386  
4 Dividends and interest from securities... 3,455,497 9,638,691  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 23,527,102
b Gross sales price for all assets on line 6a 559,217,455
7 Capital gain net income (from Part IV, line 2)... 17,750,297
8 Net short-term capital gain.........  
9 Income modifications........... 81,472
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... Click to see attachment -35,219 -1,504,862 0
12 Total. Add lines 1 through 11........ 26,951,766 25,888,512 81,472
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 663,230 46,300   616,930
14 Other employee salaries and wages...... 818,653 21,239   879,685
15 Pension plans, employee benefits....... 407,383 10,218   402,639
16a Legal fees (attach schedule)......... Click to see attachment 13,013 0 0 13,013
b Accounting fees (attach schedule)....... Click to see attachment 74,287 37,144 0 0
c Other professional fees (attach schedule).... Click to see attachment 2,620,707 1,574,903 0 250,036
17 Interest............... 174,059     193,081
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,510,922 10,175 0 145,717
19 Depreciation (attach schedule) and depletion... Click to see attachment 376,817 0 0
20 Occupancy.............. 488,329     458,528
21 Travel, conferences, and meetings....... 52,558     51,317
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 195,207 0 0 207,594
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 7,395,165 1,699,979 0 3,218,540
25 Contributions, gifts, grants paid....... 20,672,526 20,695,000
26 Total expenses and disbursements. Add lines 24 and 25 28,067,691 1,699,979 0 23,913,540
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,115,925
b Net investment income (if negative, enter -0-) 24,188,533
c Adjusted net income (if negative, enter -0-)... 81,472
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
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............. 669,736 638,688 638,688
2 Savings and temporary cash investments......... 99,944,025 511,550 511,550
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   0 0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet   0 0 0
5 Grants receivable.................      
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..............      
9 Prepaid expenses and deferred charges.......... 82,438 108,479 108,479
10a Investments—U.S. and state government obligations (attach schedule) 37,548,076 0 0
b Investments—corporate stock (attach schedule)....... 214,964,021 Click to see attachment0 0
c Investments—corporate bonds (attach schedule)....... 39,473,796 Click to see attachment0 0
11 Investments—land, buildings, and equipment: basis bullet0
Less: accumulated depreciation (attach schedule) bullet0 0   0
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 153,464,858 Click to see attachment632,625,158 632,625,158
14 Land, buildings, and equipment: basis bullet16,133,425
Less: accumulated depreciation (attach schedule) bullet7,827,440 8,101,212 Click to see attachment8,305,985 8,305,985
15 Other assets (describe bullet) Click to see attachment1,630,949 Click to see attachment1,753,845 Click to see attachment1,753,845
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 555,879,111 643,943,705 643,943,705
Liabilities 17 Accounts payable and accrued expenses.......... 622,243 721,873
18 Grants payable................. 1,171,000 1,230,000
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)...... 12,100,000 Click to see attachment12,100,000
22 Other liabilities (describe bullet) Click to see attachment11,306,254 Click to see attachment1,468,173
23 Total liabilities (add lines 17 through 22)......... 25,199,497 15,520,046
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 530,679,614 628,423,659
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 530,679,614 628,423,659
30 Total liabilities and net assets/fund balances (see instructions). 555,879,111 643,943,705
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
530,679,614
2
Enter amount from Part I, line 27a .....................
2
-1,115,925
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
98,859,970
4
Add lines 1, 2, and 3 ..........................
4
628,423,659
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
628,423,659
Form 990-PF (2020)
Form 990-PF (2020)
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 Capital Gain Passthrough from Partnerships P    
b
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 17,750,297     17,750,297
b
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 17,750,297
b
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 17,750,297
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
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
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 for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 336,221
c All other domestic foundations enter 1.39% 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-) 2  
3 Add lines 1 and 2........................... 3 336,221
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 336,221
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 743,723
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 743,723
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 407,502
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet407,502 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 the instructions
for the 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, PA
    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 2020 or the taxable year beginning in 2020? 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 (2020)
    Form 990-PF (2020)
    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 ofbulletCRAIG ALEXANDER Telephone no.bullet (202) 965-1800

    Located atbullet1200 U STREET NWWASHINGTONDC 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
     
    16 At any time during calendar year 2020, 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 2020?.............
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    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 2020 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 2020.)..................
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
     
    No
    .........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). Click to see attachment
    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
    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
    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
    JONES CANDICE PRESIDENT
    40.000     		399,709 64,335 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U STREET NW
    WASHINGTON,DC20009
    ALEXANDER CRAIG CFAO
    40.000     		262,021 35,736 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
    FREIBERG JINA GRANTS MANAGER
    40.000     		96,037 28,296 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U STREET NW
    WASHINGTON,DC20009
    BAE JOHN PROGRAM DIRECTOR
    40.000     		137,568 24,638 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U STREET NW
    WASHINGTON,DC20009
    RHAU JESSICA CHIEF OF STAFF
    40.000     		107,936 22,247 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U STREET NW
    WASHINGTON,DC20009
    HILLIARD CALECE CONTROLLER
    32.000     		105,446 17,755 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U STREET NW
    WASHINGTON,DC20009
    WILLIAMS ZAKIYAH EVENTS MANAGER
    40.000     		95,176 27,258 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U STREET NW
    WASHINGTON,DC20009
    Total number of other employees paid over $50,000...................bullet 2
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    Cambridge Associates Investment Management 1,408,527
    125 High Street
    Boston,MA02110
    Koya Leadership Partners LLC Recruitment Services 178,584
    29 Green Street
    Newburyport,MA01950
    Berlin Rosen LTD Public Relations Consulting 162,750
    15 Maiden Lane Suite 1600
    New York,NY10038
    Ashley Cross-Rayment Communications Consulting 117,810
    2535 Woodcreek Court SE
    Grand Rapids,MI49546
    Stout & Teague Property Management 107,903
    8001 Forbes Place Suite 305
    Springfield,VA22151
    Total number of others receiving over $50,000 for professional services.............bullet2
    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  
    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  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    584,936,102
    b
    Average of monthly cash balances.......................
    1b
    2,430,491
    c
    Fair market value of all other assets (see instructions)................
    1c
    250,937
    d
    Total (add lines 1a, b, and c).........................
    1d
    587,617,530
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    587,617,530
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    8,814,263
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    578,803,267
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    28,940,163
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    28,940,163
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    336,221
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    336,221
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    28,603,942
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    81,472
    5
    Add lines 3 and 4............................
    5
    28,685,414
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    28,685,414
    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
    23,913,540
    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
    570,713
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    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
    24,484,253
    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
    24,484,253
    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 (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 28,685,414
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:2018, 2017, 2016 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 1,482,404
    b From 2016...... 1,510,484
    c From 2017...... 807,186
    d From 2018...... 1,870,640
    e From 2019...... 0
    fTotal of lines 3a through e........ 5,670,714
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 24,484,253
    a Applied to 2019, 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 2020 distributable amount..... 24,484,253
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 4,201,161 4,201,161
    (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 1,469,553
    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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		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 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		1,469,553
    10 Analysis of line 9:
    a Excess from 2016.... 0
    b Excess from 2017.... 0
    c Excess from 2018.... 1,469,553
    d Excess from 2019.... 0
    e Excess from 2020.... 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 2020, 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) 2020 (b) 2019 (c) 2018 (d) 2017
             
    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 THE APPLICANT PROVIDES A BASIC INTRODUCTION TO ITS PROJECT AND ORGANIZATION AND PROVIDES THE PURPOSE OF ITS 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 (2020)
    Form 990-PF (2020)
    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
    Advancement Project
    1220 L Street NW 850
    Washington,DC20005     		NONE PC General Support 10,000
    Alzheimer's Association
    8180 Greensboro Drive Suite 400
    McLean,VA22102     		NONE PC Support for the Walk to End Alzheimer's 400
    American Friends Service Committee
    1501 Cherry St
    Philadelphia,PA19102     		NONE PC Program support to AFSC Arizona 250,000
    American University
    4400 Massachusetts Avenue NW
    Washington,DC200168141     		NONE PC Support for DCist's criminal justice reporting 50,000
    Asian American Legal Defense and Education Fund
    99 Hudson Street-12th floor
    New York,NY100132815     		NONE PC General Support 412
    Asian Americans Advancing Justice - Atlanta
    5680 Oakbrook Parkway Suite 148
    Norcross,GA30093     		NONE PC General Support 200,000
    Association of Black Foundation Executives
    55 Exchange Place Suite 401
    New York,NY10005     		NONE PC General Support 10,000
    Black Swan Academy Inc
    5024 2nd St NW
    Washington,DC200114164     		NONE PC General Support 200,000
    Boston Children's Chorus
    20 Old Colony Avenue 2nd Floor
    Boston,MA02127     		NONE PC General Support 7,500
    Brady Center to Prevent Gun Violence
    840 First Street NE Suite 400
    Washington,DC20002     		NONE PC General Support 5,000
    Brennan Center For Justice
    120 Broadway Suite 1750
    New York,NY10271     		NONE PC General Support 2,500
    Britepaths Inc
    3959 Pender Drive Suite 200
    Fairfax,VA22030     		NONE PC Support for Britepaths' Food Bridge Program 400
    Brown Hope
    2333 NW Irving St
    Portland,OR972103224     		NONE PC Support for Equitable Giving Circle 25,000
    Build Up Inc
    5 Commerce Rd Unit 3051
    Newtown,CT064707037     		NONE PC Support for Taveras3 Consulting to produce a landscape report 150,000
    Cabrini Green Legal Aid Clinic
    6 South Clark St
    Chicago,IL60603     		NONE PC General Support 29,000
    Campaign for the Fair Sentencing of Youth
    1319 F Street NW Suite 303
    Washington,DC20004     		NONE PC General Support 107,500
    Capital B News Inc
    10 Coles Street Apt 1
    Brooklyn,NY11231     		NONE PC Support for high-quality, relevant, criminal justice reporting to Black Atlantans 114,000
    Capital Clubhouse
    1313 New York Ave NW 1st Floor
    Washington,DC20005     		NONE PC General Support 1,000
    Catholic Legal Immigration Network Inc
    8757 Georgia Avenue Suite 850
    Silver Spring,MD20910     		NONE PC General Support 14,000
    Center for Contemporary Mysticism
    22 E Chestnut Hill Ave
    Philadelphia,PA191182715     		NONE PC General Support 2,500
    Center for Death Penalty Litigation
    8119 Anzack Lane
    Charlotte,NC28269     		NONE PC Support for an indigent defense landscape analysis and funder strategy report 26,250
    Center for Policing Equity
    1925 Century Park East Suite 1700
    Los Angeles,CA90067     		NONE PC General Support 10,000
    CHOOSE 180
    1416 SW 151st ST
    Burien,WA98166     		NONE PC Support for CHOOSE 180's Youth and Young Adult Advocacy Program 150,000
    Coded By Kids
    3675 Market Street Suite 200
    Philadelphia,PA19104     		NONE PC General Support 350
    Colorado Criminal Justice Reform Coalition
    1212 Mariposa Street Suite 6
    Denver,CO80204     		NONE PC General Support 650,000
    Columbia University
    615 W 131 Street 6th Floor Mail Cod
    e 8725
    New York,NY100277922     		NONE PC Support for the Justice Lab for reform efforts in Colorado and Milwaukee 250,000
    Common Counsel Foundation
    1624 Franklin St Ste 1022
    Oakland,CA946122824     		NONE PC Support for Visionary Freedom Fund 100,000
    Common Justice
    540 Atlantic Ave Ste 4
    Brooklyn,NY11217     		NONE PC Support to work w. People's Advocacy Institute to expand restorative justice alternatives 100,000
    Community Connections for Youth
    369 East 149th Street 7th Floor
    Bronx,NY10455     		NONE PC General Support 400,000
    Community Foundation for Southeast Michigan
    333 W Fort St Ste 2010
    Detroit,MI48226     		NONE PC Support for the Michigan Justice Fund 500,000
    Conscious Capitalist Foundation
    PO Box 2242
    Charlottesville,VA22902     		NONE PC General Support 80,000
    Council for Court Excellence
    1111 14th St NW Suite 500
    Washington,DC20005     		NONE PC Support for an annual update to the local landscape analysis: "D.C.'s Justice Systems: An Overview" 55,000
    Creative Reaction Lab
    3547 Olive Street Suite 305
    St Louis,MO631031000     		NONE PC Support for the Creative Design Apprenticeship Program 150,000
    Credible Messenger Mentoring Movement
    3269 Fort Lincoln Dr NE
    Washington,DC200184316     		NONE PC General Support 200,000
    DC Abortion Fund
    PO Box 65061
    Washington,DC20035     		NONE PC General Support 206
    DC Justice Lab
    PO Box 90048
    Washington,DC20090     		NONE PC General Support 202,000
    Deep Center
    PO Box 5582
    Savannah,GA31414     		NONE PC Support for Still Astronauts 200,000
    Detroit Justice Center
    1420 Washington Blvd Suite 301
    Detroit,MI48226     		NONE PC General Support 300,000
    Echoing Green
    462 Seventh Avenue 13th Floor
    New York,NY10018     		NONE PC Support for Unchained Stories 480,000
    Empower DC
    1419 V Street NW
    Washington,DC20009     		NONE PC General Support 25,000
    Empower Mississippi Foundation
    1000 Northpark Drive
    Ridgeland,MS39157     		NONE PC Support for criminal justice reform efforts 50,000
    Epsilon Boule Education Foundation Inc
    1029 Vermont Ave NW Ste 601
    Washington,DC200053842     		NONE PC Support to provide scholarships to students at local HBCU's 2,500
    Equity and Transformation
    10 W 35th St Ste 9c5
    Chicago,IL606163717     		NONE PC General Support 25,000
    Forward Justice
    PO BOX 1932
    Durham,NC27702     		NONE PC Support to advance narrative change strategies 200,000
    Foundation for Black Women's Wellness
    PO Box 259831
    Madison,WI53725     		NONE PC Support for COVID-19 Efforts 25,000
    Foundation For Louisiana
    1820 St Charles Ave Suite 200
    New Orleans,LA70130     		NONE PC Support for the Greater New Orleans Funders Network's Criminal Justice Action Table 163,710
    Free Minds Book Club
    1816 12th Street NW
    Washington,DC20009     		NONE PC Support for the Emerging Leaders Program 100,000
    Freedom Inc
    2110 Luann Ln
    Madison,WI537133098     		NONE PC General Support 200,000
    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 Support for the Juvenile Justice Leadership Network at the Center for Juvenile Justice Reform 200,000
    Greater Milwaukee Foundation Inc
    101 W Pleasant St Ste 210
    Milwaukee,WI53212     		NONE PC Support to create the Milwaukee DYFS Youth Justice Partnership Fund 200,000
    Greater Washington Community Foundation
    1325 G Street NW Suite 480
    Washington,DC20005     		NONE PC Support for the DC Fund for Just and Peaceful Neigborhoods 200,500
    Griffin-Gracy Educational Retreat & Historical Center
    PO Box 26165
    Little Rock,AR72221     		NONE PC General Support 50,000
    Haitian Bridge Alliance
    13 Overture Lane
    Alisa Viejo,CA92656     		NONE PC General Support 50,000
    Highlander Research and Education Center
    1959 Highlander Way Suite 450
    New Market,TN37820     		NONE PC Support for the People's Advocacy Institute 335,000
    Hispanics In Philanthropy
    414 13th Street Suite 200
    Oakland,CA94612     		NONE PC Support for Justice for Migrant Women 250,000
    Hmong American Womens Association
    3727 W National Ave
    Milwaukee,WI532151007     		NONE PC Support for LiberateMKE 250,000
    Innocence Project Inc
    40 Worth St Suite 701
    New York,NY10013     		NONE PC General Support 4,500
    Jail Project of Texas
    13121 Louetta Rd 1330
    Cypress,TX77429     		NONE PC Winter storm relief for incarcerated people and their families 100,000
    Jazzmobile Inc
    163 W 125th St
    New York,NY10027     		NONE PC General Support 20,000
    Jobs With Justice Education Fund
    1616 P Street NW Suite 150
    Washington,DC20036     		NONE PC Support for a National Essential Worker's Strategy 250,000
    John Paul Stevens Fellowship Foundation
    3 Embarcadero Center 10th Floor
    San Francisco,CA94111     		NONE PC General Support 2,500
    Justice For Families LTD
    1913 Azalea Street
    Sulphur,LA70663     		NONE PC Support for partnership w. Youth & Families training program, & Justice for Families Fellowship 100,000
    Justice Policy Institute
    1012 14th Street NW Suite 600
    Washington,DC20005     		NONE PC Support for the D.C. Emerging Adult Justice Action Collaborative 100,000
    Juvenile Law Center
    1800 JFK Blvd Suite 1900B
    Philadelphia,PA19103     		NONE PC General Support 415,000
    Kids Rethink New Orleans Schools
    705 Flood St
    New Orleans,LA701173036     		NONE PC Hurricane Ida Support 1,000
    Korean Community Services of Metropolitan New York Inc
    203-05 32nd Avenue
    Bayside,NY11361     		NONE PC General Support 600
    Lake Street Council
    919 E Lake St
    Minneapolis,MN55407     		NONE PC Support of We Love Lake Street Recovery Fund in response to civil uprisings 5,000
    Latino Coalition for Community Leadership
    970 Village Lane
    Santa Barbara,CA93110     		NONE PC Support for The Freedom Institute 450,000
    Latino Economic Development Center
    804 Margaret St
    Saint Paul,MN55106     		NONE PC Support for Latino business community impacted by COVID-19 and racial justice uprisings 2,500
    LatinoJustice PRLDEF
    475 Riverside Drive Suite 1901
    New York,NY10115     		NONE PC Support for Reenvision Justicia 200,000
    LGBTQ Freedom Fund
    1730 S Federal Hwy Suite 311
    Delray Beach,FL33483     		NONE PC General Support 400
    Lost Dog Rescue Foundation
    PO Box 50037
    Arlington,VA22205     		NONE PC General Support 400
    Louis D Brown Peace Institute
    15 Christopher Street
    Dorchester,MA02122     		NONE PC General Support 2,500
    Louisiana Center for Children's Rights
    1100-B Milton Street
    New Orleans,LA70122     		NONE PC General Support 400,000
    Marquette University
    PO Box 1881
    Milwaukee,WI532011881     		NONE PC Support for Neighborhood News Service 75,000
    Merriam Park Living at HomeBlock Nurse Program
    1895 Laurel Avenue
    St Paul,MN55104     		NONE PC General Support 2,500
    Met Cares Foundation Inc
    9521 Riverside Pkwy Ste B177
    Tulsa,OK741377418     		NONE PC Support to develop the Justice League Fellowship 155,000
    Michigan Center for Youth Justice
    1679 Broadway St
    Ann Arbor,MI48105     		NONE PC General Support 200,000
    Milwaukee County Health and Human Services Department
    10201 W Watertown Plank Road
    Wauwatosa,WI53226     		NONE GOV Support for the creation of a Zero Youth Corrections Project Manager 300,000
    Mississippi News and Information Corp
    750 Woodlands Parkway Suite 100
    Ridgeland,MS39157     		NONE PC Support for investigative reporting on Mississippi's criminal and youth justice systems 100,000
    MomsRising Education Fund
    12011 Bel-Red Road Suite 206
    Bellevue,WA98005     		NONE PC Support for online juvenile justice organizing targeted at mothers 200,000
    Monarch School
    1625 Newton Avenue
    San Diego,CA92113     		NONE PC Support for the Monarch School Fund 4,000
    Mothering Justice
    17320 Livernois Avenue
    Detroit,MI48221     		NONE PC Support for Michigan Liberation Education Fund 100,000
    National Asian Pacific American Womens Forum
    1225 New York Avenue NW Suite 800
    Washington,DC20005     		NONE PC General Support 400
    National Committee for Responsive Philanthropy
    1900 L St NW Suite 825
    Washington,DC20036     		NONE PC General Support 25,500
    National Domestic Workers Alliance
    45 Broadway Suite 320
    New York,NY10006     		NONE PC Support for a National Essential Worker's Strategy 250,000
    National Institute for Criminal Justice Reform
    4900 Shattuck Ave 3817
    Oakland,CA946092031     		NONE PC Support for D.C. Criminal Justice Coordinating Council Project 215,000
    National Juvenile Justice Network
    1200 G Street NW Suite 800
    Washington,DC20005     		NONE PC General Support 100,000
    National Korean American Service and Education Consortium Inc
    13890 Braddock Road Suite 309
    Centreville,VA20121     		NONE PC General Support 400
    National Legal Aid & Defender Association
    1901 Pennsylvania Avenue NW Suite 5
    50
    Washington,DC20006     		NONE PC Support for Black Public Defender Association 200
    National Public Radio
    1111 North Capitol St NE
    Washington,DC20002     		NONE PC Support for criminal justice reform coverage 300,000
    National Queer Asian Pacific Islander Alliance Inc
    PO Box 1277 Old Chelsea Station
    New York,NY10113     		NONE PC General Support 400
    Natural Resources Defense Council
    40 West 20th Street 11th Floor
    New York,NY10011     		NONE PC General Support 5,000
    New Breath Foundation
    1999 Harrison St Ste 1800
    Oakland,CA94612     		NONE PC General Support 200,000
    New Jersey Institute for Social Justice
    60 Park Place - Suite 511
    Newark,NJ07102     		NONE PC Support for work to close youth prisons and reinvest in communities 300,000
    New Leaders Council
    1050 Connecticut Ave NW 66004
    Washington,DC20035     		NONE PC General Support 200
    New Life Fellowship Ministries Inc
    212 Eagle Day Ave
    Columbia,MS394293608     		NONE PC Support for Clergy for Prison Reform 75,000
    New Venture Fund
    1828 L Street NW Suite 300-A
    Washington,DC20036     		NONE PC Support for the Youth First State Advocacy Fund 545,000
    Oklahoma Policy Institute
    907 S Detroit Ave Ste 1005
    Tulsa,OK74120     		NONE PC Support for a landscape analysis of the juvenile justice systems and policy work in OK 360,000
    Oklahoma Watch Inc
    500 N Broadway Ave Suite LL10
    Oklahoma City,OK73102     		NONE PC Support for investigative reporting on Oklahoma's criminal and youth justice systems 100,000
    One Voice
    1072 J R Lynch St Ste 7
    Jackson,MS392033352     		NONE PC Support for a criminal and youth justice landscape analysis in Mississippi 200,000
    Operation Restoration
    1450 Poydras St 2260
    New Orleans,LA70112     		NONE PC General Support 360,000
    Organization for Youth Empowerment
    3128 19th Street NW
    Washington,DC20010     		NONE PC General Support 20,000
    ORS Impact
    1100 Olive Way Suite 1350
    Seattle,WA98101     		NONE NC Support for the development of an evaluation and learning framework 500,000
    Partners for Justice
    125 Lincoln Place
    Brooklyn,NY11217     		NONE PC Support to transform public defense and the criminal justice system in Louisiana 300,000
    Partners in Health
    800 Boylston Street Suite 300
    Boston,MA02199     		NONE PC General Support 8,124
    Peace Development Fund Inc
    PO Box 1280
    Amherst,MA01004     		NONE PC Support for I Am Why 25,000
    Power Shift Network
    1342 Florida Ave NW
    Washington,DC20009     		NONE PC General Support 200,500
    Prison Policy Initiative
    69 Garfield Ave Floor 1
    Easthampton,MA01027     		NONE PC General Support 200,000
    Promise of Justice Initiative
    1024 Elysian Fields
    New Orleans,LA70116     		NONE PC Support for unanimous juries & build capacity at East Baton Rouge Parish Prison Reform Coalition 300,000
    Public Allies
    735 N Water St STE 550
    Milwaukee,WI53202     		NONE PC General Support 25,000
    Public Broadcasting of Colorado Inc
    7409 S Alton Ct
    Centennial,CO80112     		NONE PC Support to expand adult and youth justice reporting in Colorado 100,000
    Regents of the University of Michigan
    500 S State Street
    Ann Arbor,MI48109     		NONE PC Support for Michigan Radio to expand adult and youth justice reporting 100,000
    Resilience Partners NFP
    4455 South King Drive Suite 101B
    Chicago,IL60653     		NONE PC Support for the TRiiBE 150,000
    Rich Family Ministries
    930 Poydras St Apt 1902
    New Orleans,LA701121911     		NONE PC General Support 225,000
    Robert A Toigo Foundation
    555 12th Street Suite 275
    Oakland,CA94607     		NONE PC Support for the Toigo Fellowship Program 2,000
    Safe & Just Michigan
    521 Seymour Avenue 521
    Lansing,MI48933     		NONE PC General Support 300,000
    Sasha Bruce Youthwork Inc
    741 8th St SE
    Washington,DC20003     		NONE PC General Support 5,000
    School Justice Project
    1805 7th Street NW 7th Floor
    Washington,DC20001     		NONE PC Support for policy work, legal support, & community outreach for justice-involved DC residents 100,000
    Sing for Change
    9605 Nuthatch Dr
    Fairfax Station,VA22039     		NONE PC Program Support for Justice for Julius 5,000
    Social & Environmental Entrepreneurs
    23564 Calabasas Road Suite 201
    Calabasas,CA91302     		NONE PC Support for Women on the Rise, Support for Performing Statistics, Support for the Systemic Liberation Project 453,750
    SocialWorx Institute Inc
    13564 Neil Avenue
    Baton Rouge,LA70810     		NONE PC Support for Louisiana Prisoner Reentry Initiative Steering Team Association (LA-PRISTA) 50,000
    SOUL Sisters Leadership Collective Inc
    1951 NW 7th Ave 600
    Miami,FL33136     		NONE PC General Support 150,000
    Southeastern Council of Foundations Inc
    100 Peachtree St NW Ste 2080
    Atlanta,GA303031906     		NONE PC General Support 5,790
    Tahirih Justice Center
    6402 Arlington Blvd Suite 300
    Falls Church,VA22042     		NONE PC General Support 400
    Texas Coalition to Abolish the Death Penalty
    2709 S Lamar 109
    Austin,TX78704     		NONE PC General Support 2,500
    The ARC
    1825 K Street NW Suite 1200
    Washington,DC20006     		NONE PC Support of the Criminal Justice Advisory Board 5,000
    The Bail Project
    PO Box 102592
    Pasadena,CA91189     		NONE PC Support for the National Revolving Bail Fund 15,000
    The Boys and Girls Clubs of Greater Washington
    4103 Benning Rd NE
    Washington,DC20019     		NONE PC General Support 10,000
    The Center for Effective Philanthropy
    675 Massachusetts Avenue 7th Floor
    Cambridge,MA02139     		NONE PC General Support 10,000
    The Education Trust
    1501 K Street NW Suite 200
    Washington,DC20005     		NONE PC Support for the implementation of Pell grants for incarcerated students 200,000
    The Knights & Orchids Society Inc
    17 Broad Street
    Selma,AL36701     		NONE PC Support for My Sistah's House Memphis 50,000
    The Lens
    PO Box 13242
    New Orleans,LA70185     		NONE PC Support for criminal and youth justice focused investigative journalism in Louisiana 80,000
    The Marshall Project
    156 W 56th Street Suite 701
    New York,NY10019     		NONE PC General Support 250,000
    The National Reentry Network for Returning Citizens
    3227 Dubois Place SE
    Washington,DC20019     		NONE PC Program support for increased member organizing capacity 200,000
    The Ordinary People Society
    403 West Powell Street
    Dothan,AL36303     		NONE PC General Support 25,000
    The Praxis Project
    PO Box 7259
    Oakland,CA94601     		NONE PC Support for the UndocuBlack Network 25,000
    The Sixth Amendment Center Incorporated
    PO Box 15556
    Boston,MA02215     		NONE PC General Support 200,000
    Thrive DC
    1525 Newton Street NW Suite G-1
    Washington,DC20010     		NONE PC General Support 25,308
    Tides Center
    PO Box 399385
    San Francisco,CA941399385     		NONE PC Support for Zealous 120,000
    Transcending Barriers Atlanta Inc
    1755 The Exchange Suite 160
    Atlanta,GA30339     		NONE PC General Support 50,000
    Transgender Advocates Knowledgeable Empowering
    7769 2nd ave south
    Birmingham,AL352067746     		NONE PC General Support 50,000
    Trinity Boston Connects
    206 Clarendon St
    Boston,MA02116     		NONE PC General Support 5,000
    Tufts University
    163 Packard Ave Barnum Hall
    Medford,MA02155     		NONE PC Support for Tisch College 5,000
    Tulsa Community Foundation
    7030 S Yale Ste 600
    Tulsa,OK74136     		NONE PC Support for the Oklahoma Justice Fund, Support for a Milwaukee focused justice landscape analysis 430,000
    University of Wisconsin Foundation
    1848 University Ave
    Madison,WI53726     		NONE PC Support for a Milwaukee focused justice landscape analysis 71,000
    Urban Association of Forestry and Fire Professionals Inc
    110 W 6th St 162
    Azusa,CA91702     		NONE PC Support for the Forestry and Fire Recruitment Program's Worker Hub and Social Enterprise Program 200,000
    USA Northeast Province of the Society of Jesus
    39 E 83rd St
    New York,NY100280810     		NONE PC Support for YAP Catholic High School in Micronesia 200
    Vera Institute of Justice Inc
    34 35th Street Suite 4-2-A
    Brooklyn,NY11232     		NONE PC Support to increase post-secondary education opportunities for incarcerated people 200,000
    Voces Unidas for Justice
    2519 Airport Road
    Colorado Springs,CO80910     		NONE PC Support as a local anchor organization in El Paso as part of the Transforming Justice Initiative 150,000
    Voice of the Experienced
    4930 Washington Ave Suite D
    New Orleans,LA70125     		NONE PC General Support, Support for the advisory council of the People First Campaign 500,000
    Voices for a Second Chance
    1422 Massachusetts Ave SE
    Washington,DC20003     		NONE PC Support for expanding coalition building efforts in DC's criminal justice system 200,000
    W Haywood Burns Institute
    475 14th Street Suite 800
    Oakland,CA94612     		NONE PC General Support 350,000
    Watch Us Farm Inc
    9906 E 200 S
    Zionsville,IN46077     		NONE PC General Support 200
    Western Michigan University Foundation
    1903 W Michigan Avenue
    Kalamazoo,MI49008     		NONE PC Support for the Lewis Walker Institute for system-impacted youth in Michigan 100,000
    Wisconsin Alliance for Women's Health
    PO Box 1726
    Madison,WI53701     		NONE PC Support for Milwaukee Freedom Fund 100,000
    WISDOM
    2821 N Vel Phillips Avenue Suite 21
    7
    Milwaukee,WI53212     		NONE PC Project support for EX-Incarcerated People Organizing (EXPO) 50,000
    Youth Services of Oklahoma Inc
    6 NE 63rd Street Suite 210
    Oklahoma City,OK73105     		NONE PC Support for work for a continuum of care for young people impacted by the OK justice system 200,000
    Total .................................bullet 3a 20,695,000
    bApproved for future payment
    Community Foundation for Southeast Michigan
    333 W Fort St Ste 2010
    Detroit,MI48226     		NONE PC Support for Michigan Justice Fund 500,000
    Latino Coalition for Community Leadership
    970 Village Lane
    Santa Barbara,CA93110     		NONE PC Support for A Colorado Transforming Justice Initiative 200,000
    New Venture Fund
    1828 L Street NW Suite 300-A
    Washington,DC20036     		NONE PC Support for Youth First Initiative 175,000
    Voice of the Experienced
    4930 Washington Ave Suite D
    New Orleans,LA70125     		NONE PC General Support 350,000
    Total .................................bullet 3b 1,225,000
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 ...........     		    14 4,386  
    4 Dividends and interest from securities....     14 3,455,497  
    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 23,527,102  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aCLASS ACTION INCOME     		    1 137  
    bPARTNERSHIP INCOME/(LOSS) 901101 79,201 14 -114,628  
    cMiscellaneous Income     14 71  
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 79,201 26,872,565 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    26,951,766
    (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 (2020)
    Form 990-PF (2020)
    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)
     
    No
    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
    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 instructions.
    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 (2020)
    Additional Data


    Software ID: 20011424
    Software Version: 2020v4.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 74,287 37,144    

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

    TY 2020 DepreciationSchedule
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    20011424
    Software Version:
    2020v4.0
    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   1,431,567 1,283,238     36,286   0  
    Building & Improvements   12,275,571 5,858,020     299,473   0  
    Land & Land Improvements   1,690,863 84,240     2,891   0  
    Bond Refinancing Costs   735,424 225,126     38,167   0  

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

    TY 2020 ExpenditureResponsibilityStmt
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    ORS IMPACT
          		1100 OLIVE WAY SUITE 1350
    SEATTLE,WA98101     		2021-07-20 100,000 Support for the development of an evaluation and learning framework. 100,000 0 02/15/2022 2022-02-15 The Foundation has no reason to doubt the accuracy or reliability of the reports provided from the grantee so no independent verification of the reports were required or made. 100% of the grant was expended by the verification date listed above.
    ORS IMPACT
          		1100 OLIVE WAY SUITE 1350
    SEATTLE,WA98101     		2021-09-21 400,000 Support for the development of an evaluation and learning framework. 400,000 0 06/15/2022; 07/08/2022 2022-07-08 The Foundation has no reason to doubt the accuracy or reliability of the reports provided from the grantee so no independent verification of the reports were required or made. 100% of the grant was expended by the verification date listed above.
    ORS IMPACT
          		1100 OLIVE WAY SUITE 1350
    SEATTLE,WA98101     		2020-09-08 95,000 SUPPORT FOR THE DEVELOPMENT OF AN EVALUATION AND LEARNING FRAMEWORK. 95,000 0 4/15/2021, 4/28/2021 2021-04-28 THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS PROVIDED FROM THE GRANTEE SO NO INDEPENDENT VERIFICATION OF THE REPORTS WERE REQUIRED OR MADE. 100% of the grant was expended by the verification date listed above.

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

    TY 2020 GainLossSaleOtherAssetsSch
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    20011424
    Software Version:
    2020v4.0
    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         559,217,455 535,690,353     23,527,102  

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORE BONDS 0 0
    DIVERSIFYING STRATEGIES 0 0

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    DIVERSIFYING STRATEGIES 0 0
    GLOBAL EQUITY 0 0
    U.S. EQUITY 0 0

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    20011424
    Software Version:
    2020v4.0
    US Government Securities - End of Year Book Value:

    0
    US Government Securities - End of Year Fair Market Value:

    0
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2020 InvestmentsOtherSchedule2
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    COMMODITIES FMV 0 0
    DIVERSIFYING STRATEGIES FMV 0 0
    EMERGING MARKETS EQUITY FMV 0 0
    PRIVATE BUYOUTS FMV 0 0
    PRIVATE EQUITY-VENTURE CAPITAL FMV 0 0
    PRIVATE OPPORTUNISTIC FMV 48,546 48,546
    PRIVATE REAL ESTATE FMV 0 0
    PWF FUND LP FMV 632,576,612 632,576,612

    TY 2020 LandEtcSchedule2
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    FURNITURE, FIXTURES & EQUIPMENT 1,431,567 1,319,524 112,043 112,043
    BUILDING & IMPROVEMENTS 12,275,571 6,157,492 6,118,079 6,118,079
    LAND & LAND IMPROVEMENTS 1,690,863 87,131 1,603,732 1,603,732
    OTHER 735,424 263,293 472,131 472,131


    TY 2020 LegalFeesSchedule
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal Fees 13,013     13,013


    TY 2020 MortgagesAndNotesPayableSch
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Total Mortgage Amount: 12,100,000

    Item No. 1
    Lender's Name JP MORGAN CHASE
    Lender's Title N/A
    Relationship to Insider None
    Original Amount of Loan 12,100,000
    Balance Due 12,100,000
    Date of Note 2020-05
    Maturity Date 2050-05
    Repayment Terms All due on 5/27/2030
    Interest Rate 1.57
    Security Provided by Borrower None
    Purpose of Loan Redeem existing bond & building renovation
    Description of Lender Consideration None
    Consideration FMV  


    TY 2020 OtherAssetsSchedule
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DEFERRED FEDERAL EXCISE TAXES RECEIVABLE 325,347 743,720 743,720
    ACCRUED INTEREST RECEIVABLE 69,819 0 0
    EMPLOYEE INVESTMENT - 457(B) 74,355 80,546 80,546
    DEFERRED INCOME RECEIVABLE - 457(B) 40,111 61,912 61,912
    OTHER RECEIVABLES 46,000 10,616 10,616
    BOND PROCEEDS HELD IN TRUST 1,058,017 574,890 574,890
    RECEIVABLE FROM BOND PROCEEDS 17,300 282,161 282,161


    TY 2020 OtherExpensesSchedule
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Office Supplies/Admin Exps 2,454     2,454
    Software Maintenance 11,356     18,393
    Hardware Maintenance 716     110
    Cloud Hosting 14,423     14,423
    Repairs/Maintenance 239     239
    Business Insurance 23,251     24,201
    Telephone, Internet & Cable 34,125     34,125
    Employee Recruitment Advertising 1,405     1,405
    Bank Fees 5,012     5,012
    Postage & Shipping 436     436
    Employee Relations 1,746     1,746
    Dues & Subscriptions 17,642     21,708
    Building Insurance 28,402     29,342
    Board of Director Fees 54,000     54,000


    TY 2020 OtherIncomeSchedule2
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INCOME/(LOSS) -35,427 -1,504,862  
    CLASS ACTION PROCEEDS 137    
    MISCELLANEOUS INCOME 71    


    TY 2020 OtherIncreasesSchedule
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Description Amount
    Unrealized Gain on Investments 98,859,970


    TY 2020 OtherLiabilitiesSchedule
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED FEDERAL TAX LIABILITY 256,829 1,325,715
    PLAN LIABILITY - 457(B) 114,466 142,458
    DUE FROM NORTHERN TRUST 10,934,959 0


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Computer Consulting 68,899     68,856
    Management Fees-Investments 1,968,373 1,574,903    
    Communications Consultant 117,810     117,810
    Program Consultants 71,015     63,370
    Accounting Consultant 2,028      
    Other Consulting 32,998      
    Staff Recruitment Consultant 145,584      
    Board Recruitment Consultant 50,000      
    Public Relations Consultant 162,750      
    Temporary Help 1,250      


    TY 2020 TaxesSchedule
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    20011424
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Property Taxes 145,717     145,717
    Federal Excise Tax 1,330,030      
    Federal UBIT 25,000      
    State Tax 10,175 10,175