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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 10-01-2021 , and ending 09-30-2022
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$570,343,812J 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 2,498 2,498  
4 Dividends and interest from securities... 4,254,176 8,555,734  
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 6,841,892
b Gross sales price for all assets on line 6a 27,359,814
7 Capital gain net income (from Part IV, line 2)... 37,589,128
8 Net short-term capital gain.........  
9 Income modifications...........  
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 2,277,314 1,027,326 0
12 Total. Add lines 1 through 11........ 13,375,880 47,174,686 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 865,300 54,619   865,300
14 Other employee salaries and wages...... 1,133,205 23,230   1,092,110
15 Pension plans, employee benefits....... 439,075 13,181   424,385
16a Legal fees (attach schedule)......... Click to see attachment 20,081 0 0 14,816
b Accounting fees (attach schedule)....... Click to see attachment 97,164 37,417 0 48,582
c Other professional fees (attach schedule).... Click to see attachment 2,243,963 1,610,551 0 620,015
17 Interest............... 189,925     184,434
18 Taxes (attach schedule) (see instructions)... Click to see attachment 334,167 8,513 0 145,750
19 Depreciation (attach schedule) and depletion... Click to see attachment 406,235 0 0
20 Occupancy.............. 677,673     651,328
21 Travel, conferences, and meetings....... 315,599     311,662
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 189,299 0 0 155,981
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 6,911,686 1,747,511 0 4,514,363
25 Contributions, gifts, grants paid....... 20,427,900 21,673,900
26 Total expenses and disbursements. Add lines 24 and 25 27,339,586 1,747,511 0 26,188,263
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -13,963,706
b Net investment income (if negative, enter -0-) 45,427,175
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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............. 638,688 745,094 745,094
2 Savings and temporary cash investments......... 511,550 469,509 469,509
3 Accounts receivable bullet631,710
Less: allowance for doubtful accounts bullet0 0 631,710 631,710
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet   0 0 0
5 Grants receivable................. 0 10,000 10,000
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.......... 108,479 103,350 103,350
10a Investments—U.S. and state government obligations (attach schedule) 0 0 0
b Investments—corporate stock (attach schedule)....... 0 Click to see attachment0 0
c Investments—corporate bonds (attach schedule)....... 0   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).......... 632,625,158 Click to see attachment556,039,550 556,039,550
14 Land, buildings, and equipment: basis bullet16,183,064
Less: accumulated depreciation (attach schedule) bullet7,302,664 8,537,712 Click to see attachment8,880,400 8,880,400
15 Other assets (describe bullet) Click to see attachment1,753,845 Click to see attachment3,464,199 Click to see attachment3,464,199
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 644,175,432 570,343,812 570,343,812
Liabilities 17 Accounts payable and accrued expenses.......... 721,873 269,545
18 Grants payable................. 1,230,000 60,000
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 attachment1,468,173 Click to see attachment2,610,041
23 Total liabilities (add lines 17 through 22)......... 15,520,046 15,039,586
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........... 628,423,659 555,304,226
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)..... 628,423,659 555,304,226
30 Total liabilities and net assets/fund balances (see instructions). 643,943,705 570,343,812
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
628,423,659
2
Enter amount from Part I, line 27a .....................
2
-13,963,706
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
614,459,953
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
59,155,727
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
555,304,226
Form 990-PF (2021)
Form 990-PF (2021)
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 37,589,128     37,589,128
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 37,589,128
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 37,589,128
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
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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........................... 3 631,438
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- ..... 5 631,438
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 707,502
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.............. 7 707,502
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 76,064
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet76,064 RefundedBullet 11 0
Part VI-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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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 XIV..................................
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    3b
     
     
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
    Yes
     
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
    Yes
     
    c
    .........bullet
    d
    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? .................
    5d
    Yes
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    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
    ALEXANDER CRAIG CFAO
    40.000     		290,070 40,016 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U STREET NW
    WASHINGTON,DC20009
    JONES CANDICE PRESIDENT
    40.000     		513,231 78,928 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U STREET NW
    WASHINGTON,DC20009
    Bocanegra Eduardo DIRECTOR
    1.000     		2,500 0 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U STREET NW
    WASHINGTON,DC20009
    Byrd Donna DIRECTOR
    1.000     		7,500 0 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U STREET NW
    WASHINGTON,DC20009
    Diver Colin DIRECTOR
    1.000     		7,500 0 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U STREET NW
    WASHINGTON,DC20009
    Graham Christopher DIRECTOR
    1.000     		7,500 0 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U STREET NW
    WASHINGTON,DC20009
    Larsen Tamara DIRECTOR
    1.000     		7,500 0 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U STREET NW
    WASHINGTON,DC20009
    Mead Sheena DIRECTOR
    1.000     		7,500 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
    Sloan Clifford DIRECTOR
    1.000     		7,500 0 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U STREET NW
    WASHINGTON,DC20009
    Taylor-Thompson Kim DIRECTOR
    1.000     		8,500 0 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U STREET NW
    WASHINGTON,DC20009
    Washington Eric DIRECTOR
    1.000     		7,500 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
    Franco-Payne Esther Prgm VP UNTIL 9/22
    40.000     		230,316 30,211 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U STREET NW
    WASHINGTON,DC20009
    Robinson Mock Thena Program Director
    40.000     		167,173 18,688 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U STREET NW
    WASHINGTON,DC20009
    Rhau Jessica Chief of Staff
    40.000     		139,912 26,314 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U STREET NW
    WASHINGTON,DC20009
    Hilliard Calece Controller
    32.000     		120,480 27,316 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U STREET NW
    WASHINGTON,DC20009
    Oppenheim Jed Prgm Dir beg 3/22
    40.000     		108,465 13,253 0
    C/O PUBLIC WELFARE FOUNDATION
    1200 U STREET NW
    WASHINGTON,DC20009
    Total number of other employees paid over $50,000...................bullet 4
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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 VIII-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 VIII-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 (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    0
    b
    Average of monthly cash balances.......................
    1b
    2,564,435
    c
    Fair market value of all other assets (see instructions)................
    1c
    617,555,796
    d
    Total (add lines 1a, b, and c).........................
    1d
    620,120,231
    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
    620,120,231
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    9,301,803
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    610,818,428
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    30,540,921
    Part X
    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 IX, line 6..................
    1
    30,540,921
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    631,438
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    631,438
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    29,909,483
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    76,000
    5
    Add lines 3 and 4............................
    5
    29,985,483
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    29,985,483
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    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
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 29,985,483
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:2019, 2018, 2017 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 0
    b From 2017...... 0
    c From 2018...... 1,469,553
    d From 2019...... 0
    e From 2020...... 0
    f Total of lines 3a through e ........ 1,469,553
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 29,703,688
    a Applied to 2020, 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 2021 distributable amount..... 29,703,688
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 281,795 281,795
    (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 1,187,758
    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......     		 
    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 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		1,187,758
    10 Analysis of line 9:
    a Excess from 2017.... 0
    b Excess from 2018.... 1,187,758
    c Excess from 2019.... 0
    d Excess from 2020.... 0
    e Excess from 2021.... 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    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
    OC
    (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 (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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 New Way of Life Reentry Project
    PO Box 875288
    Los Angeles,CA90087     		NONE PC General Support 5,000
    Alliance for Global Justice
    225 E 26th St 1
    Tucson,AZ85713     		NONE PC Support to build the capacity of Denver Justice Project to address systemic racism in Denver, CO by transforming law enforcement and the criminal justice system. 150,000
    American University
    4400 Massachusetts Avenue NW
    Washington,DC200168141     		NONE PC Support for the WAMU/DCist newsroom to further develop and expand their criminal justice reporting hub. 100,000
    Appeal Inc
    PO Box 311
    Landers,CA92285     		NONE PC General Support 125,000
    AtlantaFulton County Prearrest Diversion Initiative Inc
    236 Forsyth St SW Suite 500
    Atlanta,GA30303     		NONE PC Support for Atlanta Policing Alternatives & Diversion Initiative to foster a new approach to community safety and wellness in Fulton County. 100,000
    Black Swan Academy Inc
    1200 U Street NW
    Washington,DC20009     		NONE PC Support for Staff Wellness 3,000
    Black Women's Blueprint
    PO Box 24713
    Brooklyn,NY11201     		NONE PC General Support 100,100
    Bme Networks
    9555 SW 175 Terrace
    Palmetto Bay,FL331575604     		NONE PC Support to leaders and organizations working on issues related to incarceration. 10,000
    Boston Children's Chorus
    20 Old Colony Avenue
    Boston,MA02127     		NONE PC General Support 20,000
    BreakFree Education
    9375 Gerwig Lane
    Columbia,MD21046     		NONE PC Project support for the BreakFree IRAA Fellowship 50,000
    Campaign for the Fair Sentencing of Youth
    1319 F Street NW
    Washington,DC20004     		NONE PC General Support 300,000
    Capital B News Inc
    209 W 29th Street
    NY,NY10001     		NONE PC General Support 204,000
    Catholic Legal Immigration Network Inc
    8757 Georgia Avenue
    Silver Spring,MD20910     		NONE PC General Support 10,000
    Center for Contemporary Mysticism
    22 E Chestnut Hill Ave
    Philadelphia,PA191182715     		NONE PC General Support 10,000
    Center for Policing Equity
    8605 Santa Monica Blvd
    West Hollywood,CA900694109     		NONE PC General Support 25,000
    Chainless Change Inc
    220 NE 38th ST
    Fort Lauderdale,FL33334     		NONE PC General Support 10,000
    Colorado Circles for Change
    869 Elati St
    Denver,CO80204     		NONE PC Support for the continued movement building of community-centered youth justice advocacy in Colorado. 100,000
    Colorado Criminal Justice Reform Coalition
    1212 Mariposa St
    Denver,CO81006     		NONE PC General Support - to strengthen organization's operating and programmatic infrastructure. 500,000
    Columbia University
    615 W 131 Street 6th Floor
    New York,NY100277922     		NONE PC Support for the Justice Lab to design a community-centered approach to youth justice reform. 200,000
    Columbus School for Girls
    65 S Drexel Ave
    Columbus,OH432091754     		NONE PC Support for DEI Efforts 25,000
    Common Counsel Foundation
    1624 Franklin St Ste 1022
    Oakland,CA946122824     		NONE PC Support for Visionary Freedom Fund 102,888
    Common Justice
    540 Atlantic Ave
    Brooklyn,NY11217     		NONE PC Support for Staff Wellness 7,750
    Community Connections for Youth
    369 East 149th Street
    Bronx,NY10455     		NONE PC Support for Staff Wellness 3,000
    Community Foundation for Southeast Michigan
    333 W Fort St
    Detroit,MI48226     		NONE PC General Support 501,000
    Community Partners
    1000 N Alameda Street
    Los Angeles,CA90012     		NONE PC To support the implementation of restorative justice programming 175,000
    Council for Court Excellence
    1111 14th St NW
    Washington,DC20005     		NONE PC General Support 201,750
    Daughters Beyond Incarceration
    8000 CROWDER BLVD
    New Orleans,LA70127     		NONE PC General Support 10,000
    DC Justice Lab
    1200 U Street NW
    Washington,DC20009     		NONE PC Support for Staff Wellness 1,750
    Deep Center
    PO Box 5582
    Savannah,GA31414     		NONE PC General Support 19,250
    Detroit Justice Center
    1420 Washington Blvd
    Detroit,MI48226     		NONE PC Support for Staff Wellness 6,500
    Drug Policy Alliance
    131 West 33rd St
    New York,NY10001     		NONE PC Support for the DecrimPovertyDC campaign 100,000
    El Movimiento Sigue Inc
    6 Merritt Ct
    Pueblo,CO81001     		NONE PC Support for El Movimiento Sigue to continue serving as the local anchor organization in Pueblo County, Colorado as part of the Transforming Justice Initiative. 200,000
    El Pueblo Mississippi
    2436 Pass Road
    Biloxi,MS39531     		NONE PC General Support 10,000
    Emancipate NC
    PO Box 309
    Durham,NC27705     		NONE PC General Support 80,000
    Empower Mississippi Foundation
    1000 Northpark Drive
    Ridgeland,MS39157     		NONE PC Support for Staff Wellness 2,000
    Equal Justice Initiative
    122 Commerce Street
    Montgomery,AL36104     		NONE PC General Support 500,000
    EX-incarcerated People Organizing (EXPO)
    17 Applegate Court
    Madison,WI53713     		NONE PC General Support 102,750
    Faithfully Organizing Resources for Community Empowerment Detroit
    2727 2nd Ave
    Detroit,MI48201     		NONE PC Support to Force Detroit for transformative alternatives to violence and incarceration in Detroit. 100,000
    Families and Friends of Louisiana's Incarcerated Children
    PO Box 56877
    New Orleans,LA70156     		NONE PC General Support 152,500
    Florence Immigrant and Refugee Rights Project
    PO Box 654
    Florence,AZ85132     		NONE PC General Support 10,000
    Foundation for Independent Artists Inc
    75 Broad St Rm 304
    New York,NY100043237     		NONE PC Support for Jeremy McQueen's Black Iris Project 2,000
    Foundation For Louisiana
    1820 St Charles Ave
    New Orleans,LA70130     		NONE PC Annual Contribution for the Greater New Orleans Funders Network 18,710
    Free Minds Book Club and Writing Workshop
    1816 12th Street NW
    Washington,DC20009     		NONE PC General Support 253,500
    Freedom Inc
    2110 Luann Ln
    Madison,WI537133098     		NONE PC Support for Staff Wellness 5,500
    Freedom Institute Inc
    930 Main Street
    Grand Junction,CO81501     		NONE PC Support for The Freedom Institute to lead justice reform efforts in Mesa County, Colorado as part of the Transforming Justice Initiative. 200,000
    Freedom Reads
    2666 State Street Suite 5
    Hamden,CT06517     		NONE PC General Support 300,000
    Friends of Cat Island United
    2205 Foxboro Pl NW
    Washington,DC200071122     		NONE SO II General Support 10,000
    Futuro Media
    361 West 125th St
    New York,NY10027     		NONE PC Support for Futuro Media to expand its criminal justice reporting. 100,000
    Georgia Justice Project
    438 Edgewood ave
    Atlanta,GA30312     		NONE PC Support for Georgia Justice Project to expand expungement access across Georgia and to advocate for policy reforms that help reduce reentry barriers for those with previous criminal legal system involvement. 100,000
    Girls For A Change
    100 Buford Road
    North Chesterfield,VA23235     		NONE PC General Support 250,404
    Greater Milwaukee Foundation Inc
    101 W Pleasant St Ste 210
    Milwaukee,WI53212     		NONE PC Support to continue the Youth Justice Partnership Fund. 204,080
    Habitat for Humanity International
    PO Box 7024
    Americus,GA31709     		NONE PC General Support 200
    Harlem Cultural Archives
    2300 Fifth Avenue - Suite 2E
    New York,NY10037     		NONE PC General Support 10,000
    Heritage Library Foundation Inc
    2 Corpus Christi Ste 100
    Hilton Head Island,SC29928     		NONE PC General Support 5,000
    Highlander Research and Education Center
    1959 Highlander Way
    New Market,TN37820     		NONE PC General Support 1,366,775
    Hmong American Womens Association
    3030 W Highland Avenue
    Milwaukee,WI53208     		NONE PC General Support 501,605
    Holy Trinity Catholic Church
    3513 N Street NW
    Washington,DC20007     		NONE PC Support for the HT Migrant Fund 10,000
    Innocence Project Inc
    40 Worth St
    New York,NY10013     		NONE PC General Support 10,000
    Jazzmobile Inc
    163 W 125th St
    New York,NY10027     		NONE PC General Support 30,000
    JFA Institute
    720 Kearney St
    Denver,CO80220     		NONE PC Support to do update and augment the Colorado criminal justice data landscape analysis. 75,000
    John Paul Stevens Fellowship Foundation
    3 Embarcadero Center 10th Floor
    San Francisco,CA94111     		NONE PC General Support 10,000
    Justice Policy Institute
    1012 14th Street NW
    Washington,DC20005     		NONE PC General Support 202,250
    Kids Rethink New Orleans Schools
    705 Flood St
    New Orleans,LA701173036     		NONE PC General Support for Hurricane Ida Relief Efforts 50,000
    Latino Coalition for Community Leadership
    1301 Mesa Rd
    Colorado Springs,CO80904     		NONE PC General Support 207,000
    Lost Lights Projects Inc (dba Inside Climate News)
    16 Court Street
    Brooklyn,NY11241     		NONE PC Support to provide reporting and analysis on climate, energy and the environment news. 100,000
    Louisiana Center for Children's Rights
    1100-B Milton Street
    New Orleans,LA70122     		NONE PC Support for Staff Wellness 10,000
    Loyola University New Orleans
    7214 St Charles Avenue
    New Orleans,LA70118     		NONE PC Additional support to complete Louisiana landscape analysis 2,200
    Martin Luther King Sr Community Resources Collaborative
    101 Jackson St NE
    Atlanta,GA30312     		NONE PC Support for the Multifaith Initiative to End Mass Incarceration (EMI), a project of the Martin Luther King Sr. Community Services Collaborative (MLKSCRC), to hire its inaugural Georgia Coordinator to lead a statewide multifaith strategy for justice reform. 100,000
    Met Cares Foundation Inc
    9521 Riverside Pkwy Ste B177
    Tulsa,OK741377418     		NONE PC Support for Staff Wellness 10,750
    Michigan Center for Youth Justice
    1679 Broadway St
    Ann Arbor,MI48105     		NONE PC General Support - to strengthen organization's operating and programmatic infrastructure. 900,000
    Mississippi Center for Justice
    210 E Capitol Street
    Jackson,MS39201     		NONE PC Program support to co-develop the Hinds County Diversion/Alternative-to-Incarceration Program in partnership with the People's Advocacy Institute. 125,000
    Mississippi Today
    750 Woodlands Parkway Suite 100
    Ridgeland,MS39157     		NONE PC Support for Staff Wellness 6,500
    National Center for Youth Law
    1212 Broadway Suite 600
    Oakland,CA94612     		NONE PC Support for the Colorado Youth Justice Initiative (CYJI) to reduce the negative impact of the legal system on CO youth. 100,000
    National Committee for Responsive Philanthropy
    1900 L St NW
    Washington,DC20036     		NONE PC Annual Contribution 30,746
    National Crittenton Foundation
    610 SW Alder Street
    Portland,OR97205     		NONE PC General Support 200,000
    National Institute for Criminal Justice Reform
    4900 Shattuck Ave 3817
    Oakland,CA946092031     		NONE PC General Support 222,750
    National Public Radio
    1111 North Capitol St NE
    Washington,DC20002     		NONE PC General Support 250,000
    New Breath Foundation
    1999 Harrison St Ste 1800
    Oakland,CA94612     		NONE PC Support for Staff Wellness 1,500
    New Hour for Women and Children - Long Island
    1725 Brentwood Road Main Building
    Brentwood,NY11717     		NONE PC General Support 50,000
    New Image Youth Center Inc
    212 South Parramore Ave
    Orlando,FL32805     		NONE PC General Support 15,000
    New Jersey Institute for Social Justice
    60 Park Place - Suite 511
    Newark,NJ07102     		NONE PC Support for the campaign to close youth prisons and reinvest in communities. 650,000
    New Life Fellowship Ministries Inc
    212 Eagle Day Ave
    Columbia,MS394293608     		NONE PC Support for Clergy for Prison Reform to organize faith communities for youth justice reform in Mississippi 77,200
    New Orleans Abortion Funds
    1521 Poland Ave
    New Orleans,LA701775001     		NONE PC General Support 20,000
    New Venture Fund
    1828 L Street NW Suite 300-A
    Washington,DC20036     		NONE PC General Support 475,000
    No Limit Health and Education Inc
    8259 Emerald Forest Ct
    Sanford,FL327718100     		NONE PC General Support 10,000
    Oklahoma Policy Institute
    907 S Detroit Ave Ste 1005
    Tulsa,OK74120     		NONE PC Support for Staff Wellness 6,750
    Oklahoma Watch Inc
    100 W Main St
    Oklahoma City,OK73102     		NONE PC Support for Staff Wellness 2,500
    Oklahomans for Criminal Justice Reform
    PO Box 2055 305 NW 5th
    Oklahoma City,OK73102     		NONE PC General Support 151,500
    One Voice
    1072 J R Lynch St Ste 7
    Jackson,MS392033352     		NONE PC Support for Staff Wellness 5,000
    Open Buffalo Inc
    1327 Jefferson Avenue
    Buffalo,NY14208     		NONE PC Emergency Support for Buffalo Relief. 318,167
    Open Collective Foundation
    340 S Lemon Ave 3717
    Walnut,CA91789     		NONE PC Support to JULIAN, a civil and human rights legal organization, for investigations of hate crimes in Mississippi. 75,000
    Operation Restoration
    1450 Poydras St 2260
    New Orleans,LA70112     		NONE PC General Support 605,825
    ORS Impact
    1100 Olive Way Suite 1350
    Seattle,WA98101     		NONE NC Support for Evaluation and Learning Framework implementation. 585,000
    Partners in Health
    800 Boylston Street
    Boston,MA02199     		NONE PC General Support 10,000
    PEAK Grantmaking
    1701 Pennsylvania Ave
    Washington,DC20006     		NONE PC General Support 500
    Philanthropy Southeast
    100 Peachtree St NW Ste 2080
    Atlanta,GA303031906     		NONE PC Annual Contribution 5,790
    Planned Parenthood Federation of America
    123 William Street 10th Floor
    New York,NY10038     		NONE PC Support for Planned Parenthood Federation 400
    Prison Policy Initiative
    69 Garfield Ave Floor 1
    Easthampton,MA01027     		NONE PC Support for Staff Wellness 3,000
    Promise of Justice Initiative
    1024 Elysian Fields
    New Orleans,LA70116     		NONE PC General Support 258,000
    Public Broadcasting of Colorado Inc
    7409 S Alton Ct
    Centennial,CO80112     		NONE PC Support for Colorado Public Radio to expand adult and youth justice reporting. 200,000
    RISE
    403 Taylor Ave NW
    Piedmont,OK73078     		NONE PC General Support 75,000
    Rainforest Trust
    7200 Lineweaver Rd
    Warrenton,VA20187     		NONE PC Support for Rainforest Trust 300
    ReEntry Mediation Institute of Louisiana
    4035 Washington Avenue
    New Orleans,LA70125     		NONE PC Program support for reentry mediation and restorative justice initiative. 50,800
    Regents of the University of Michigan
    Office of Research and Sponsored Pr
    Ann Arbor,MI481091274     		NONE PC General Support 300,000
    Restorative Response Baltimore
    1500 Union Ave 2700
    Baltimore,MD21211     		NONE PC Support for an intensive summer reading and writing program dedicated to shifting harmful narratives about Black women and girls through both the meaningful study and creation of art. 50,000
    Restore Justice Foundation
    PO Box 101099
    Chicago,IL60610     		NONE PC Program support for Restore Justice to provide returning citizens with leadership opportunities. 75,000
    Rich Family Ministries
    930 Poydras St Apt 1902
    New Orleans,LA701121911     		NONE PC Support for Staff Wellness 1,500
    Role Model Movement Inc (aka My Block My Hood My City)
    47 W Polk St
    Chicago,IL60605     		NONE PC Support for Staff Wellness 5,000
    ROOTS OF DEVELOPMENT
    PO Box 77438
    Washington,DC20013     		NONE PC General Support 420
    Safe & Just Michigan
    521 Seymour Avenue
    Lansing,MI48933     		NONE PC General Support 404,750
    School Justice Project
    1111 14th Street NW
    Washington,DC20005     		NONE PC General Support 401,500
    Seasoned with Grace Unboxed
    20909 E 51st Place
    Denver,CO80249     		NONE PC Support the implementation of policing reform recommendations to build a Denver that is less reliant on policing and the criminal legal system. 150,000
    Second Chance Center Inc
    224 Potomac St
    Aurora,CO80011     		NONE PC General Support 411,500
    Silicon Valley De-Bug
    701 Lenzen Avenue
    San Jose,CA95126     		NONE PC Support for Staff Wellness 4,750
    Social & Environmental Entrepreneurs
    23564 Calabasas Road
    Calabasas,CA91302     		NONE PC General Support 1,269,794
    SocialWorx Institute Inc
    13564 Neil Avenue
    Baton Rouge,LA70810     		NONE PC Support for Staff Wellness 1,500
    Southern Center for Human Rights
    60 Walton Street NW
    Atlanta,GA30303     		NONE PC General Support 509,750
    TakeAction Minnesota Education Fund
    705 Raymond Ave Ste 100
    St Paul,MN55114     		NONE PC Support for Black Visions' Staff Wellness 3,633
    Texas Coalition to Abolish the Death Penalty
    2709 S Lamar
    Austin,TX78704     		NONE PC General Support 10,000
    The Bail Project
    3107 Washington Blvd
    Marina Del Rey,CA90292     		NONE PC General Support 35,000
    The Boys and Girls Clubs of Greater Washington
    4103 Benning Rd NE
    Washington,DC20019     		NONE PC General Support 15,000
    The Center for Effective Philanthropy
    675 Massachusetts Avenue
    Cambridge,MA02139     		NONE PC Annual Contribution 10,000
    The Education Trust
    1501 K Street NW
    Washington,DC20005     		NONE PC Support for Staff Wellness 32,500
    The Gault Center
    1800 M Street NW FT1
    Washington,DC20033     		NONE PC General Support for the National Juvenile Defender Center (NJDC) as it rebrands into the Gault Center. 100,000
    The Greater Boston Food Bank Inc
    70 South Bay Avenue
    Boston,MA02118     		NONE PC General Support 10,000
    The Lens
    PO Box 13242
    New Orleans,LA70185     		NONE PC Support for Staff Wellness 2,000
    The Lighthouse Black Girl Projects
    215 W Capitol St
    Jackson,MS39201     		NONE PC Program support for the Black Girl Justice Project. 100,000
    The National Reentry Network for Returning Citizens
    1200 U St NW
    Washington,DC20009     		NONE PC Support for Staff Wellness 1,750
    The Sentencing Project
    1705 DeSales St NW
    Washington,DC20036     		NONE PC General Support 105,000
    Thrive DC
    1525 Newton Street NW
    Washington,DC20010     		NONE PC Support for the A Chance to Thrive Initiative (ACT) 50,000
    Tides Center
    PO Box 889385
    Los Angeles,CA900889385     		NONE PC General Support 171,635
    Tides Foundation
    PO Box 29903
    San Francisco,CA94129     		NONE PC Support to Life After Release to provide services for justice-impacted women in Maryland. 75,000
    Training Grounds Inc
    4193 Minnesota Ave NE
    Washington,DC20019     		NONE PC Support for Staff Wellness 6,250
    Trinity Boston Connects
    206 Clarendon St
    Boston,MA02116     		NONE PC General Support 10,000
    Tufts University
    163 Packard Ave Barnum Hall
    Medford,MA02155     		NONE PC General Support of CIRCLE at Tufts University 15,000
    Tulsa Community Foundation
    7030 S Yale
    Tulsa,OK74136     		NONE PC General Support 301,515
    Ubuntu Village Nola
    2021 South Dupre St
    New Orleans,LA70125     		NONE PC General Support 251,500
    United States Fund for UNICEF
    125 Maiden Lane
    New York,NY10038     		NONE PC Support for its Ukraine Crisis Response Fund 200,000
    United Way of San Antonio and Bexar County
    700 S Alamo St
    San Antonio,TX78205     		NONE PC Support for nonprofit organizations with expertise providing mental health services, so that they may serve the communities impacted by the recent Uvalde Elementary School Massacre. 100,000
    University of Georgia Foundation
    1 Press Place
    Athens,GA30602     		NONE PC Support for a 2022 update to the data landscape report on Georgia's adult and youth justice systems. 100,000
    University of Minnesota Foundation
    200 Oak Street SE Suite 500
    Minneapolis,MN554552010     		NONE PC Support for the endowment of the Chair of Professor Anne O. Krueger 10,000
    Urban Association of Forestry and Fire Professionals Inc
    110 W 6th St 162
    Azusa,CA91702     		NONE PC General Support for the Forestry and Fire Recruitment Program's Worker Hub and Social Enterprise Program. 100,000
    UWM Foundation Inc
    1440 East North Avenue
    Milwaukee,WI53202     		NONE PC To support the creation and dissemination of an adult and youth criminal legal data landscape for Milwaukee County. 73,863
    Vera Institute of Justice Inc
    34 35th Street
    Brooklyn,NY11232     		NONE PC Support for Staff Wellness 75,000
    Virginia Community Capital
    7814 Carousel Ln
    Richmond,VA23294     		NONE PC Support for The Hive's Staff Wellness 2,750
    Voces Unidas for Justice
    2519 Airport Road
    Colorado Springs,CO80910     		NONE PC Support for Voces Unidas for Justice to continue serving as the local anchor organization in El Paso County, Colorado as part of the Transforming Justice Initiative. 200,000
    Voice of the Experienced
    4930 Washington Ave
    New Orleans,LA70125     		NONE PC General Support 406,250
    Voices for a Second Chance
    1422 Massachusetts Ave SE
    Washington,DC20003     		NONE PC General Support 753,000
    W Haywood Burns Institute
    475 14th Street Suite 800
    Oakland,CA94612     		NONE PC Support for Staff Wellness 5,500
    Washington Legal Clinic for the Homeless
    True Reformer Building
    Washington,DC20009     		NONE PC Support of Washington Legal Clinic for the Homeless' executive transition. 25,000
    Washington Regional Association of Grantmakers
    1100 New Jersey Avenue SE
    Washington,DC20003     		NONE PC Annual Contribution 10,000
    Wayne State University
    5057 Woodward Ave STE 13001
    Detroit,MI482024050     		NONE PC Support for Wayne State University's (WSU) Center for Behavioral Health and Justice (CBHJ). 217,773
    Western Michigan University Foundation
    1903 W Michigan Avenue
    Kalamazoo,MI49008     		NONE PC To support a second cohort of systems impacted Youth Juvenile Justice Fellows. 199,327
    Wisconsin Alliance for Women's Health
    PO Box 1726
    Madison,WI53701     		NONE PC General Support 4,750
    Women Involved in Reentry Efforts (The WIRE)
    1227 42nd St SE
    Washington,DC20020     		NONE PC Support for Staff Wellness 2,500
    Youth Radio
    1701 Broadway
    Oakland,CA94612     		NONE PC General Support 315,000
    Youth Services of Oklahoma Inc
    6 NE 63rd Street Suite 210
    Oklahoma City,OK73105     		NONE PC Support for Staff Wellness 1,500
    YWCA Central Carolinas
    3420 Park Road
    Charlotte,NC28209     		NONE PC Support to provide guidance, resources, and education to women and children. 15,000
    Total .................................bullet 3a 21,673,900
    bApproved for future payment
    Haitian Bridge Alliance
    13 Overture Lane
    Alisa Viejo,CA92656     		NONE PC General Support 60,000
    Total .................................bullet 3b 60,000
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 2,498  
    4 Dividends and interest from securities ....          
    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 6,841,892  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPARTNERSHIP INCOME/(LOSS)     		901101 489,880 14 433,274  
    bDeferred Federal Excise Tax Benefit     14 1,843,655  
    cMiscellaneous Income     14 135  
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 489,880 13,375,630 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    13,865,510
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 (2021)
    Additional Data


    Software ID: 21014044
    Software Version: 2021v4.2


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 97,164 37,417   48,582

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

    TY 2021 AmortizationSchedule
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
    Bond Refinancing Costs 2020-05-27 735,424 263,293   39,284 0 0 302,577

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

    TY 2021 DepreciationSchedule
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    21014044
    Software Version:
    2021v4.2
    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 1,319,524     44,498   0  
    Building & Improvements   12,275,571 6,157,493     359,021   0  
    Land & Land Improvements   1,690,863 87,131     2,716   0  

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

    TY 2021 ExpenditureResponsibilityStmt
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    21014044
    Software Version:
    2021v4.2
    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     		2022-01-14 585,000 Support for the development of an evaluation and learning framework 585,000 NONE 11/8/2022; 4/4/2023 2023-04-04 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. By the verification date above, 100% of the grant had been expended.

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

    TY 2021 GainLossSaleOtherAssetsSch
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    21014044
    Software Version:
    2021v4.2
    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         27,359,814 20,517,922     6,841,892  

    TY 2021 InvestmentsOtherSchedule2
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    PRIVATE EQUITY FMV 11,099 11,099
    PWF FUND LP FMV 556,028,451 556,028,451

    TY 2021 LandEtcSchedule2
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    FURNITURE, FIXTURES & EQUIPMENT 798,308 392,482 405,826 405,826
    BUILDING & IMPROVEMENTS 13,416,407 6,757,946 6,658,461 6,658,461
    LAND & LAND IMPROVEMENTS 1,690,863 89,848 1,601,015 1,601,015
    Artwork 10,109 0 10,109 10,109
    bond 267,377 62,388 204,989 204,989


    TY 2021 LegalFeesSchedule
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal Fees 20,081     14,816


    TY 2021 MortgagesAndNotesPayableSch
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    21014044
    Software Version:
    2021v4.2
    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 2021 OtherAssetsSchedule
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    EMPLOYEE INVESTMENT - 457(B) 80,546 93,693 93,693
    DEFERRED INCOME RECEIVABLE - 457(B) 61,912 26,348 26,348
    BOND PROCEEDS HELD IN TRUST 574,890 0 0
    RECEIVABLE FROM BOND PROCEEDS 282,161 0 0
    Deferred Federal Excise Tax Benefit 743,720 854,158 854,158
    Restricted Assets for Capital Project 10,616 2,490,000 2,490,000


    TY 2021 OtherDecreasesSchedule
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Description Amount
    unrealized loss 59,155,727


    TY 2021 OtherExpensesSchedule
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Office Supplies/Admin Exps 10,086     10,089
    Software Maintenance 7,295     9,866
    Hardware Maintenance 10,126     9,520
    Cloud Hosting 11,542     11,962
    Repairs/Maintenance 10,459     3,709
    Business Insurance 24,603     26,505
    Telephone, Internet & Cable 30,109     34,007
    Employee Recruitment Advertising 144     144
    Bank Fees 7,518     7,518
    Postage & Shipping 686     686
    Employee Relations 9,936     9,936
    Dues & Subscriptions 19,153     17,711
    Software 8,358     14,328


    TY 2021 OtherIncomeSchedule2
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INCOME/(LOSS) 433,274 1,027,296  
    Deferred Federal Excise Tax Benefit 1,843,655 0  
    MISCELLANEOUS INCOME 385 30  


    TY 2021 OtherLiabilitiesSchedule
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED FEDERAL TAX LIABILITY 1,325,715 0
    PLAN LIABILITY - 457(B) 142,458 120,041
    Restricted for Capital Project 0 2,490,000


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Computer Consulting 48,863     48,863
    Management Fees-Investments 1,610,552 1,610,551    
    Communications Consultant 134,395     131,175
    Program Consultants 173,501     163,784
    Other Consulting 11,040     10,581
    Staff Recruitment Consultant 81,998     81,998
    Board Recruitment Consultant 25,000     25,000
    Public Relations Consultant 120,000     120,000
    Temporary Help 38,614     38,614


    TY 2021 TaxesSchedule
    Name:
    Public Welfare Foundation Inc
    EIN:
    54-0597601
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Property Taxes 145,750     145,750
    Federal Excise Tax 135,792      
    Federal UBIT 40,000      
    State Tax 12,625 8,513