Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 10-01-2023 , and ending 09-30-2024
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 right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$601,086,862J 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) 250
2 Check right arrow.............
3 Interest on savings and temporary cash investments 5,321 5,321  
4 Dividends and interest from securities... 7,171,138 9,465,552  
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
List of Attached Documents:
// Content
21,352,137
b Gross sales price for all assets on line 6a 37,391,798
7 Capital gain net income (from Part IV, line 2)... 4,716,190
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
List of Attached Documents:
// Content
1,118,123 19,774,273 0
12 Total. Add lines 1 through 11........ 29,646,969 33,961,336 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 925,526 58,576   866,950
14 Other employee salaries and wages...... 1,786,701     1,845,991
15 Pension plans, employee benefits....... 698,228 9,876   657,364
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
32,467 0 0 32,638
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
226,406 10,820 0 209,187
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
2,256,621 1,492,090 0 1,208,117
17 Interest............... 190,970     190,970
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
1,128,884 204,725 0 148,884
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
854,419 0 0
20 Occupancy.............. 637,818     637,819
21 Travel, conferences, and meetings....... 265,167     276,221
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
347,908 0 0 357,318
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 9,351,115 1,776,087 0 6,431,459
25 Contributions, gifts, grants paid....... 23,601,346 25,497,906
26 Total expenses and disbursements. Add lines 24 and 25 32,952,461 1,776,087 0 31,929,365
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,305,492
b Net investment income (if negative, enter -0-) 32,185,249
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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............. 695,736 435,780 435,780
2 Savings and temporary cash investments......... 471,972 477,292 477,292
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow0 0 0 0
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow   0 0 0
5 Grants receivable................. 50,000 0 0
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 0 0
7 Other notes and loans receivable (attach schedule) right arrow0
Less: allowance for doubtful accounts right arrow0 0 0 0
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 547,815 288,340 288,340
10a Investments—U.S. and state government obligations (attach schedule) 0 0 0
b Investments—corporate stock (attach schedule)....... 0 Click to see attachment
List of Attached Documents:
// Content
0 		0
c Investments—corporate bonds (attach schedule)....... 0   0
11 Investments—land, buildings, and equipment: basis right arrow0
Less: accumulated depreciation (attach schedule) right arrow0 0   0
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 554,686,367 Click to see attachment
List of Attached Documents:
// Content
585,327,531 		585,327,531
14 Land, buildings, and equipment: basis right arrow22,966,122
Less: accumulated depreciation (attach schedule) right arrow8,611,293 10,111,789 Click to see attachment
List of Attached Documents:
// Content
14,354,829 		14,354,829
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
942,744 		Click to see attachment
List of Attached Documents:
// Content
203,090 		Click to see attachment
List of Attached Documents:
// Content
203,090
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 567,506,423 601,086,862 601,086,862
Liabilities 17 Accounts payable and accrued expenses.......... 270,411 327,925
18 Grants payable................. 6,210,000 4,000,000
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)...... 11,921,749 Click to see attachment
List of Attached Documents:
// Content
11,948,486
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,209,929 		Click to see attachment
List of Attached Documents:
// Content
1,030,206
23 Total liabilities (add lines 17 through 22)......... 19,612,089 17,306,617
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 547,894,334 583,780,245
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
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)..... 547,894,334 583,780,245
30 Total liabilities and net assets/fund balances (see instructions). 567,506,423 601,086,862
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
547,894,334
2
Enter amount from Part I, line 27a .....................
2
-3,305,492
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
39,191,403
4
Add lines 1, 2, and 3 ..........................
4
583,780,245
5
Decreases not included in line 2 (itemize) right arrow
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
583,780,245
Form 990-PF (2023)
Form 990-PF (2023)
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 4,716,190     4,716,190
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 4,716,190
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 4,716,190
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
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 right arrow 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) 1 447,375
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........................... 3 447,375
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- ..... 5 447,375
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 508,064
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 85,000
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 593,064
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.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 145,689
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow145,689 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
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. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowCA, 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 2023 or the taxable year beginning in 2023? 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
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 addressright arrowWWW.PUBLICWELFARE.ORG
14
The books are in care ofright arrowCRAIG ALEXANDER Telephone no.right arrow (202) 965-1800

Located atright arrow1200 U STREET NWWASHINGTONDC ZIP+4right arrow200094443
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, 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 right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
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
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
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
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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
List of Attached Documents:
// Content
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 		323,376 46,621 0
C/O PUBLIC WELFARE FOUNDATION
1200 U STREET NW
WASHINGTON,DC20009
JONES CANDICE PRESIDENT
40.000 		515,952 77,296 0
C/O PUBLIC WELFARE FOUNDATION
1200 U STREET NW
WASHINGTON,DC20009
BYRD DONNA DIRECTOR
1.000 		9,000 0 0
C/O PUBLIC WELFARE FOUNDATION
1200 U STREET NW
WASHINGTON,DC20009
GRAHAM CHRISTOPHER DIRECTOR
1.000 		9,000 0 0
C/O PUBLIC WELFARE FOUNDATION
1200 U STREET NW
WASHINGTON,DC20009
LARSEN TAMARA DIRECTOR
1.000 		9,000 0 0
C/O PUBLIC WELFARE FOUNDATION
1200 U STREET NW
WASHINGTON,DC20009
MEADE SHEENA DIRECTOR
1.000 		9,000 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
TAYLOR-THOMPSON KIM DIRECTOR
1.000 		9,000 0 0
C/O PUBLIC WELFARE FOUNDATION
1200 U STREET NW
WASHINGTON,DC20009
WASHINGTON ERIC DIRECTOR
1.000 		9,000 0 0
C/O PUBLIC WELFARE FOUNDATION
1200 U STREET NW
WASHINGTON,DC20009
Diaz Evelyn Director
1.000 		9,000 0 0
C/O PUBLIC WELFARE FOUNDATION
1200 U STREET NW
WASHINGTON,DC20009
Mananzala Rickke Director
1.000 		9,000 0 0
C/O PUBLIC WELFARE FOUNDATION
1200 U STREET NW
WASHINGTON,DC20009
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
ROBINSON MOCK THENA VP, PROGRAMS
40.000 		251,030 51,707 0
C/O PUBLIC WELFARE FOUNDATION
1200 U STREET NW
WASHINGTON,DC20009
OPPENHEIM JED PROGRAM DIRECTOR
40.000 		181,439 51,657 0
C/O PUBLIC WELFARE FOUNDATION
1200 U STREET NW
WASHINGTON,DC20009
RAYMENT ASHLEY DIRECTOR OF COM.
40.000 		222,301 56,121 0
C/O PUBLIC WELFARE FOUNDATION 1200
WASHINGTON,DC20009
BURKHART JOHN PROGRAM DIRECTOR
40.000 		157,232 42,501 0
C/O PUBLIC WELFARE FOUNDATION 1200
WASHINGTON,DC20009
Miller Carlton Program Director
40.000 		147,561 15,212 0
C/O PUBLIC WELFARE FOUNDATION 1200
WASHINGTON,DC20009
Total number of other employees paid over $50,000...................right arrow 7
Form 990-PF (2023)
Form 990-PF (2023)
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 1,492,090
115 Federal St Suite 2600
BOSTON,MA02110
STOUT & TEAGUE PROPERTY AND CONSTRUCTION MANAGEMENT 415,509
8001 FORBES PLACE SUITE 305
SPRINGFIELD,VA22151
LIQUID SOUL DC LLC PUBLIC RELATIONS 384,996
5480 WISCONSIN AVE SUITE 1521
CHEVY CHASE,MD20815
OTJ Design Services 243,380
580 Water Street SW Suite 300
Washington,DC20024
DWatts Construction LLC General Contractor 217,311
4875 Eisenhower Ave 250
Alexandria,VA22304
Total number of others receiving over $50,000 for professional services.............right arrow5
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 During its fiscal year ended September 30, 2024, the Foundation engaged in direct charitable activities (1) to further develop and apply an evaluation and learning framework for its criminal justice grant making and (2) to conduct research regarding shifting the narrative of violence and harm reduction in Washington, D.C. The evaluation and learning framework work involved surveys of Foundation grantees and of those impacted by the work of those grantees, preparation of written reports on the results of the surveys, and dissemination of findings. These narrative efforts included polling of and conducting focus groups with residents of Washington, DC concerning messaging about violence and harm reduction and developing and testing messaging campaigns. The Foundation made direct expenditures of $548,000 for the evaluation and learning framework work and of $432,000 for the research and related work on the narrative of violence and harm reduction work. 980,000
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.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
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
2,397,141
c
Fair market value of all other assets (see instructions)................
1c
570,883,021
d
Total (add lines 1a, b, and c).........................
1d
573,280,162
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
573,280,162
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
8,599,202
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
564,680,960
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
28,234,048
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
28,234,048
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
447,375
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
0
c
Add lines 2a and 2b............................
2c
447,375
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
27,786,673
4
Recoveries of amounts treated as qualifying distributions................
4
119,459
5
Add lines 3 and 4............................
5
27,906,132
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
27,906,132
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
31,929,365
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
4,303,490
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 XII, line 4. .......
4
36,232,855
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 27,906,132
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:2021, 2020, 2019 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 1,187,758
b From 2019...... 0
c From 2020...... 0
d From 2021...... 0
e From 2022...... 1,961,282
f Total of lines 3a through e ........ 3,149,040
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 36,232,855
a Applied to 2022, 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 2023 distributable amount..... 27,906,132
e Remaining amount distributed out of corpus 8,326,723
5 Excess distributions carryover applied to 2023.   0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 11,475,763
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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		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 2018 not
applied on line 5 or line 7 (see instructions) ... 		1,187,758
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		10,288,005
10 Analysis of line 9:
a Excess from 2019.... 0
b Excess from 2020.... 0
c Excess from 2021.... 0
d Excess from 2022.... 1,961,282
e Excess from 2023.... 8,326,723
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
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 right arrow
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 (2023)
Form 990-PF (2023)
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 Little Piece of Light

356 Marcus Garvey Boulevard
Brooklyn,NY11221 		none PC Support for formerly incarcerated women 10,000

All Kings Project Inc

254 East 203rd St Apt 6F
Bronx,NY10468 		none PC Support for Create local communities and support formerly incarcerated men 10,000

Alliance for Global Justice

225 East 26th Street Ste 1
Tucson,AZ85713 		none PC Support for Black Trans Media TIG 10,000

American Civil Liberties Union Foundation of Louisiana

PO Box 56157
New Orleans,LA70156 		none PC Support for NOLA Grant 25,000

American Friends Service Committee

1501 Cherry St
Philadelphia,PA19102 		none PC Support for Justice Reform in Michigan through reducing use of life and excessively long sentences 100,000

American University

4400 Massachusetts Avenue NW
Washington,DC200168141 		none PC Support for WAMU's criminal justice reporting 100,000

Associated Press

200 Liberty Street New York
New York,NY10281 		none NC Support for Telling the Youth Justice Story 200,000

Association of Black Foundation Executives

55 Exchange Place Suite 401
New York,NY10005 		none PC Support for Annual Contribution 10,000

AtlantaFulton County Prearrest Diversion Initiative Inc

Suite 500
Atlanta,GA30303 		none PC General Support 200,000

Baltimore Banner

621 East Pratt Street Suite 401
Baltimore,MD21202 		none PC Support for Criminal Justice Reform Coverage at The Baltimore Banner 125,000

Barred Business Foundation

4217 Viewpoint Trail
Ellenwood,GA30294 		none PC Support for Justice, Self Determination, and Care - Building Justice Impacted Led Power In Georgia. 150,000

Bent Not Broken

1000 W Paterson
Kalamazoo,MI49007 		none PC Support for Kalamazoo Youth Participatory Defense Pilot 100,000

Black History Project

424 East Central Boulevard Unit 168
Orlando,FL32801 		none PC General Support 25,000

Black Swan Academy Inc

1200 U Street NW 4th Floor
Washington,DC20009 		none PC General Support 200,000

Cabrini Green Legal Aid Clinic

6 South Clark St
Chicago,IL60603 		none PC Cabrini Green Legal Aid General Support 25,000

Capital B News Inc

209 W 29th Street Suite 107
NY,NY10001 		none PC Support for Atlanta criminal justice reporting and community engagement 200,000

Center for Employment Opportunities Inc

50 Broadway Suite 1604
New York,NY10004 		none PC Support for Support to advance a Peer Support Services and emerging Leaders Program for justice-involved adults and opportunity youth in New Orleans. 200,000

Center for Employment Opportunities Inc

50 Broadway Suite 1604
New York,NY10004 		none PC Support for NOLA Grant 25,000

Choosing Justice Initiative

1623 Haynes Meade Cir
Nashville,TN37207 		none PC Support for Gideon's Trumpet Redux-Changing Narrative to Achieve Judicial Accountability 100,000

Colorado Circles for Change

869 Elati St
Denver,CO80204 		none PC Support for COPA (community organizing, policy & advocacy) 150,000

Colorado Criminal Justice Reform Coalition

1212 Mariposa St
Denver,CO81006 		none PC General Support 300,000

Common Justice

540 Atlantic Ave Ste 4
Brooklyn,NY11217 		none PC General Operating Support for Common Justice 200,000

COMMONWEAL

PO Box 316
Bolinas,CA94924 		none PC Support for Humane Prison Hospice Project 10,000

Community Foundation for Southeast Michigan

333 W Fort St Ste 2010
Detroit,MI48226 		none PC Support for the Michigan Justice Fund 500,000

Community Science Inc

7272 Wisconsin Ave Ste 10W115
Bethesda,MD20814 		none NC Support for Capacity Building and Technical Assistance Support Services 113,716

Community Shares

1209 Euclid Avenue Northwest Suite
Knoxville,TN37921 		none PC Support for N.A.S. INITIATIVE 100,000

Companion Community Development Alternatives

5055 W 15th Street
Indianapolis,IN46224 		none PC General Support 10,000

Council for Court Excellence

1111 14th St NW Suite 500
Washington,DC20005 		none PC General Operating Support for CCE's Adult and Youth Criminal Justice Portfolios 250,000

Crittenton Services of Greater Washington

815 Silver Spring Avenue
Silver Spring,MD20910 		none PC General Support 25,000

DC Justice Lab

1200 U Street NW
Washington,DC20009 		none PC General Support 300,000

Deep Center

PO Box 5582
Savannah,GA31414 		none PC Support for Building Community Power in Chatham County, GA 200,000

Delta Project

618 Windsor Ter SE
Grand Rapids,MI49503 		none PC Support for Advancing Understanding of Incarcerated Youth & Families Through Outreach, Engagement, & Storytelling 50,000

Denver Community Development Corporation

6300 S Syracuse Way 280
Centennial,CO80111 		none PC Support for Denver Healing Generations CHIAPAS Huitzilin Expansion 100,000

Denver Justice Project

4468 S Ukraine Ct
Aurora,CO80015 		none PC Support for Transforming Public Safety 120,000

Denver Youth Program dba Metro Denver Partners

1625 East 35th Avenue
Denver,CO80205 		none PC Support for GRASP (Gang Rescue and Support Project) 100,000

Detroit Justice Center

1420 Washington Blvd Suite 301
Detroit,MI48226 		none PC General Support 200,000

Domestic Violence Intervention Services Inc

3124 E Apache Street
Tulsa,OK74110 		none PC Support for Restorative Justice Institute of Oklahoma Mental Liberation Project 75,000

Education and Employment Ministry Inc

1501 N Classen Blvd
Oklahoma City,OK73106 		none PC Support for Justice Reform Proposal 175,000

El Movimiento Sigue Inc

6 Merritt Ct
Pueblo,CO81001 		none PC Support for Transforming Justice Initiative 150,000

Empowerment Avenue Inc

4900 Shattuck Ave
Oakland,CA94609 		none PC Support for Building Empowerment Avenue's Writing for Liberation Work 150,000

Essie Justice Group

1700 BROADWAY SUITE 200
OAKLAND,CA94612 		none PC Support for Breaking Isolation and Building Power 100,000

EX-incarcerated People Organizing (EXPO)

17 Applegate Court Suite 202
Madison,WI53713 		none PC General Support 150,000

Faithfully Organizing Resources for Community Empowerment Detroit

2727 2nd Ave Ste 162
Detroit,MI48201 		none PC General Support 200,000

Families and Friends of Louisiana's Incarcerated Children

PO Box 56877
New Orleans,LA70156 		none PC General Support 200,000

Families and Friends of Louisiana's Incarcerated Children

1307 Oretha Castle Haley Boulevard
New Orleans,LA70113 		none PC Support for NOLA Grant 25,000

Family Justice Law Center (Urban Justice Center)

40 Rector Street 9th Floor
New York,NY10006 		none PC Support for Freedom Agenda 10,000

First 72

2915 Perdido St
New Orleans,LA70119 		none PC Support for The First 72+ Just Reentry Policy Program 200,000

First 72

2915 Perdido St
New Orleans,LA70119 		none PC Support for NOLA Grant 25,000

Foundation For Louisiana

1820 St Charles Ave Suite 200
New Orleans,LA70130 		none PC Support for Louisiana Justice Fund 500,000

Free Minds Book Club and Writing Workshop

1816 12th Street NW
Washington,DC20009 		none PC Free Minds' General Operating Support 200,000

FREE Movement Inc

2821 N Vel R Phillips Ave
Milwaukee,WI53212 		none PC Support for Dignity for Incarcerated Women and Girls 160,000

Freedom Institute Inc

930 Main Street
Grand Junction,CO81501 		none PC Support for Transforming Justice Project, 2023-2025 200,000

Freedom Reads

2666 State Street Suite 5
Hamden,CT06517 		none PC Freedom Reads General Operating Support 150,000

Friends of Cat Island United

2205 Foxboro Place Northwest
Washington,DC20007 		none PC General Support 20,000

Fundacion Elena Barraquer Inc

1450 Brickell Avenue Suite 200
Miami,FL33131 		none POF General Support 60,000

Futuro Media

361 West 125th St 6th Floor
New York,NY10027 		none PC Support for Futuro Media Criminal Justice Reporting and Original Storytelling 112,500

Gbowee Peace Foundation Africa-USA

25 E 21st St 7th floor
New York,NY10010 		none PC Support for Advancing Education and Leadership Opportunities for Women and Youth in West Africa 300,000

Gbowee Peace Foundation Africa-USA

25 E 21st St 7th floor
New York,NY10010 		none PC Support for Matching Gift 100

Gbowee Peace Foundation Africa-USA

25 E 21st St 7th floor
New York,NY10010 		none PC Support for Matching Gift 200

Georgia Justice Project

438 Edgewood Ave
Atlanta,GA30312 		none PC Support for Strengthening Access to Economic, Racial, and Civic Equity for Georgians with an Arrest or Conviction Record 150,000

Global Impact

1199 N Fairfax 22314 St Suite 300
Alexandria,VA22314 		none PC Support for the 2024 OJP Community-Based Violence Intervention and Prevention Initiative (CVIPI) Grantee Conference 50,000

Grantmakers for Effective Organizations

1310 L St NW Suite 650
Washington,DC20005 		none PC Support for Annual Contribution 7,390

Greater Washington Community Foundation

1325 G Street NW Suite 480
Washington,DC20005 		none PC Support for Community Safety & Harm Reduction 200,000

Greater Washington Community Foundation

1325 G Street NW Suite 480
Washington,DC20005 		none PC Support for Guaranteed Basic Income Pilot Program in the Greater Washington Region 205,060

Gryphon Place

3245 S 8th St
Kalamazoo,MI49009 		none PC Support for Justice Lifted Youth Arrest Diversion Program 100,000

Harlem Cultural Archives

2300 Fifth Avenue - Suite 2E
New York,NY10037 		none PC General Support 15,000

Heritage Library Foundation Inc

2 Corpus Christi Ste 100
Hilton Head Island,SC29928 		none PC General Support 5,000

Highlander Research and Education Center Inc

1959 Highlander Way Suite 450
New Market,TN37820 		none PC Support for Towards A People's Justice 250,000

Highlander Research and Education Center Inc

1959 Highlander Way Suite 450
New Market,TN37820 		none PC Support for Mississippi Prison Reform Coalition 100,000

Highlander Research and Education Center Inc

1959 Highlander Way Suite 450
New Market,TN37820 		none PC Support for Annual Contribution 5,000

Hive Mentality

8 S Addison St
Richmond,VA23220 		none PC Support for The Young Innovator Squad 100,000

Illinois Black Advocacy Initiative

101 N Wacker Dr 17th Floor
Chicago,IL60606 		none PC General Support 20,000

Institute for Public Service Reporting

3711 Veterans Ave Suite 318
Memphis,TN38152 		none PC Support for Criminal Justice Data Reporting Project 100,000

JACK AND JILL OF AMERICA FOUNDATION INC

1930 17th Street Northwest
Washington,DC20009 		none PC General Support 25,000

Jazzmobile Inc

163 W 125th St
New York,NY10027 		none PC General Support 30,000

Jazzmobile Inc

163 W 125th St
New York,NY10027 		none PC General Support 5,000

JFA Institute

720 Kearney St
Denver,CO80220 		none PC Support for Colorado 3.0 Landscape Report 100,000

JustCity

Inc 240 Madison Avenue Suite 104
Memphis,TN38103 		none PC Support for Just City 225,000

Justice and Accountability Center of Louisiana

4035 Washington Ave Ste 203
New Orleans,LA70125 		none PC Support for the Fees & Costs Reform Project and Louisiana Stop Solitary Coalition 100,000

Justice and Accountability Center of Louisiana

4035 Washington Ave Ste 203
New Orleans,LA70125 		none PC Support for NOLA Grant 25,000

Justice Arts Coalition Inc

PO Box 11065
Takoma Park,MD20913 		none PC Justice Arts Coalition General Support Proposal 50,000

Justice Arts Coalition Inc

PO Box 11065
Takoma Park,MD20913 		none PC Support for Matching Gift 103

Justice Arts Coalition Inc

PO Box 11065
Takoma Park,MD20913 		none PC Support for Matching Gift 515

Justice Arts Coalition Inc

PO Box 11065
Takoma Park,MD20913 		none PC Support for Matching Gift 100

Justice Arts Coalition Inc

PO Box 11065
Takoma Park,MD20913 		none PC Support for Matching Gift 100

Justice Committee

3440 79th St 3G
Jackson Heights,NY11372 		none PC Support for Support and Develop families who have lost loved ones 10,000

Justice Policy Institute

1012 14th Street NW Suite 600
Washington,DC20005 		none PC Support for Capacity Building Support 100,000

Kids Forward

122 West Washington Ave Suite 620
Madison,WI53703 		none PC Support for Wisconsin BIPOC Youth Justice Coalition 150,000

Koahnic Broadcast Corporation

3600 San Jeronimo Dr Suite 480
Anchorage,AK99508 		none PC Support for Native Americans in the Justice System Media Project Series Two 100,000

Lambda Boule Foundation

735 Terra Court
Worthington,OH43085 		none PC General Support 25,000

Latino Coalition for Community Leadership

1301 Mesa Rd
Colorado Springs,CO80904 		none PC Support for Transforming Justice 275,000

LiveFree Oklahoma Incorporated

1740 Northeast 23rd Street Suite C
Oklahoma City,OK73111 		none PC Support for LiveFree OKC 170,000

Louisiana Center for Children's Rights

1100-B Milton Street
New Orleans,LA70122 		none PC Support for FY24 Strategic Storytelling: Developing Positive Counternarratives to Combat the Public's Negative Perception Surrounding Black Youth 75,000

Louisiana Center for Children's Rights

1100-B Milton Street
New Orleans,LA70122 		none PC Support for NOLA Grant 25,000

Louisiana Center for Children's Rights

1100-B Milton Street
New Orleans,LA70122 		none PC Support for FY24 Strategic Storytelling: Developing Positive Counternarratives to Combat the Public's Negative Perception Surrounding Black Youth 200,000

Louisiana Parole Project

427 Mayflower St
Baton Rouge,LA70802 		none PC Support for Impacted Leaders Initiative 200,000

MADE Institute

503 E Garland St
Flint,MI48503 		none PC Support for Community Safety and Justice Reform Advocacy 100,000

Maryland Center on Economic Policy

1800 N Charles Street Suite 310
Baltimore,MD21201 		none PC Support for Maryland Criminal Justice Landscape Assessment 125,000

Massachusetts Institute of Technology

5 Cambridge Center Room NE25-769
Cambridge,MA02139 		none PC Support for MITES Youth Justice Fellowship 50,000

Metcalfe Park Community Bridges Inc

3624 W North Avenue 2nd Floor
Milwaukee,WI53208 		none PC Support for Voices of Power 125,000

Michigan Center for Youth Justice

1679 Broadway St
Ann Arbor,MI48105 		none PC Support for Matching Gift 1,000

Michigan Center for Youth Justice

1679 Broadway St
Ann Arbor,MI48105 		none PC Support for Voices of Justice: A Michigan Youth Fellowship Program 200,000

Milwaukee Freedom Fund Incorporated

6918 W Brown Deer RD
Milwaukee,WI532232104 		none PC General Support 150,000

Milwaukee Turners Inc

1034 N Vel R Phillips Ave
Milwaukee,WI53203 		none PC Support for Confronting Mass Incarceration 150,000

Mississippi Center for Justice

210 E Capitol Street Suite 1800
Jackson,MS39201 		none PC Support for Criminal Justice Reform 234,000

Mississippi Families as Allies Inc

840 East River Place Suite 500
Jackson,MS39202 		none PC Support for Expanding, Deepening, and Enhancement of Hinds County Youth Court Children's Coalition " A Community-Driven Diversion, Prevention, and Intervention Collaborative 200,000

Mississippi Today

750 Woodlands Parkway Suite 100
Ridgeland,MS39157 		none PC Support for Expanded Justice Reporting in Mississippi 200,000

Mitchelville Preservation Project Inc

539 William Hilton Pkwy
Hilton Head Island,SC29926 		none PC General Operating Support 10,000

Mothering Justice

17320 Livernois Avenue
Detroit,MI48221 		none PC Support for Michigan Liberation Education Fund 200,000

Motus Theater

PO Box 6080
Boulder,CO80306 		none PC Support for JustUs: Stories from the Frontlines of the Juvenile Justice System 50,000

MuckRock Foundation

263 Huntington Ave
Boston,MA02138 		none PC Support for Project support for public safety reporting and community engagement to MLK50: Justice Through Journalism 100,000

National Black Theatre Inc

2031 5th Ave
New York City,NY10035 		none PC Support for The Gathering: A Space for Narrative Change 100,000

National Black Women's Justice Institute

1000 Dean Street Suite 101
Brooklyn,NY11238 		none PC Support for Justice For Youth Survivors Initiative 100,000

National Center for Youth Law

1212 Broadway Suite 600
Oakland,CA94612 		none PC Support for Lived Experience Fellowship and TA for Colorado Youth Justice Coalition 150,000

National Council for Incarcerated and Formerly Incarcerated Women and Girls

100 Warren Street
Roxbury,MA02119 		none PC General Support 150,000

National Institute for Criminal Justice Reform

303 Hegenberger Road Suite 301
Oakland,CA94621 		none PC Support for Research and Practice Network on Gun Violence 222,000

National Public Radio

1111 North Capitol St NE
Washington,DC20002 		none PC Support for FY24 Support for NPR's Coverage of Criminal Justice 100,000

National Public Radio

1111 North Capitol St NE
Washington,DC20002 		none PC Support for FY24 Support for NPR's Coverage of Criminal Justice 200,000

Neighborhood Defender Service

2031 5th Avenue 2nd Floor
New York,NY10035 		none PC Support for NDS Jackson / NDS PACE 300,000

No Limit Health and Education

819 East 1st Street Suite 4
Sanford,FL32771 		none PC General Support 25,000

Oklahoma Appleseed Center for Law and Justice

110 S Hartford Ave Suite 1008
Tulsa,OK74120 		none PC Support for 2024 Criminal Justice Operating Grant 140,000

Oklahoma Policy Institute

907 S Detroit Ave Ste 1005
Tulsa,OK74120 		none PC Support for Oklahoma Youth Justice Policy Reform 180,000

Oklahoma Watch Inc

100 W Main St Suite 202
Oklahoma City,OK73102 		none PC Support for Criminal Justice Reporting Fellowship 100,000

Oklahomans for Criminal Justice Reform

PO Box 2055 305 NW 5th
Oklahoma City,OK73102 		none PC General Support 150,000

One Voice

1072 J R Lynch St Ste 7
Jackson,MS392033352 		none PC Support for Redefining Public Safety In Mississippi 100,000

One Voice

1072 J R Lynch St Ste 7
Jackson,MS392033352 		none PC Support for Operation Good Sustainability 100,000

Oped Project

175 Varick St 6th Floor
New York,NY10014 		none PC Support for Public Voices Fellowship for the Public Welfare Foundation 180,000

Operation Good

1350 W McDowell Rd
Jackson,MS39204 		none PC Support for Operation Good Matching Gift 1,000

Operation Restoration

1450 Poydras St 2260
New Orleans,LA70112 		none PC Support for Continuing to meet the needs of our community 300,000

Operation Restoration

PO Box 56894
New Orleans,LA70156 		none PC Support for NOLA Grant 25,000

ORS Impact

1100 Olive Way Suite 1350
Seattle,WA98101 		none NC Support for 2024 Evaluation and Learning Partnership 405,000

ORS Impact

1100 Olive Way Suite 1350
Seattle,WA98101 		none NC Support for 2024 Evaluation and Learning Partnership 143,000

P4H Global

2691 Northwest 99th Avenue
Coral Springs,FL33065 		none PC Support for Matching Gift 100

P4H Global

2691 Northwest 99th Avenue
Coral Springs,FL33065 		none PC Support for Matching Gift 100

P4H Global

2691 Northwest 99th Avenue
Coral Springs,FL33065 		none PC Support for Matching Gift 100

P4H Global

2691 Northwest 99th Avenue
Coral Springs,FL33065 		none PC Support for Teacher Training in Haiti 50,000

Philanthropy Colorado

5855 Wadsworth Bypass Unit A
Arvada,CO80003 		none PC Support for Annual Contribution 3,015

Philanthropy DMV

1100 New Jersey Ave SE Suite 710
Washington,DC20003 		none PC Support for Annual Contribution 10,000

Possibility Labs

1410 Franklin St 135
San Francisco,CA94109 		none PC Support for Catalyze Justice: Supporting Partners Nationwide in Youth Justice Transformation 225,000

Princeton University

701 Carnegie Center
Princeton,NJ08540 		none PC Support for Research and Practice Network on Gun Violence Reduction 409,323

Promise of Justice Initiative

1024 Elysian Fields
New Orleans,LA70116 		none PC Support for East Baton Rouge Parish Prison Coalition (PJI) 24-26 150,000

Promise of Justice Initiative

1024 Elysian Fields
New Orleans,LA70116 		none PC Support for East Baton Rouge Parish Prison Coalition (PJI) 24-26 200,000

Promise of Justice Initiative

1024 Elysian Fields
New Orleans,LA70116 		none PC Support for NOLA Grant 25,000

Promise of Justice Initiative

1024 Elysian Fields
New Orleans,LA70116 		none PC Support for NOLA Grant 25,000

Proteus Fund

15 Research Drive Suite B
Amherst,MA01002 		none PC Support for Growing the Archive: Amplifying the Voices of Women and Non-Binary People Serving LWOP 150,000

Public Broadcasting of Colorado Inc

7409 S Alton Ct
Centennial,CO80112 		none PC Support for Support of CPR's Justice Reporting 200,000

Racial Justice NOW

13217 New Hampshire Avenue
Silver Spring,MD20904 		none PC Support for Racial Justice NOW! - Juvenile Justice Reform in Maryland 125,000

Reaching and Educating for Community Hope (RECH) Foundation

PO Box 10740
Jackson,MS392890740 		none PC Support for Program and capacity support for a comprehensive community-based reentry and rehabilitation program in Jackson, MS. 50,000

REDLINE

2350 Arapahoe St
Denver,CO80205 		none PC Support for Bread and Roses Legal Center: Trans Visions for Justice 116,400

Regents of the University of Michigan Office of Research and Sponsored Proj

3003 S State Street
Ann Arbor,MI481091274 		none PC Support for a youth policy data fellow embedded within Michigan's State Court Administrator's Office 100,000

Regents of the University of Michigan Office of Research and Sponsored Proj

3003 S State Street
Ann Arbor,MI481091274 		none PC Support for Criminal Justice Reporting in Michigan 200,000

Philanthropic Ventures Foundation

1222 Preservation Park Way
Oakland,CA94612 		none PC Support for Public Welfare Foundation Capacity & Impact Program 100,765

Return to Hope

1044 E Pine St
Tulsa,OK74106 		none PC Support for Block Builderz 150,000

Rich Family Ministries

930 Poydras St Apt 1902
New Orleans,LA701121911 		none PC General Support 60,000

Rich Family Ministries

PO Box 56552
New Orleans,LA70156 		none PC Support for NOLA Grant 25,000

Safe & Just Michigan

521 Seymour Avenue
Lansing,MI48933 		none PC General Operating Support 200,000

Safe & Just Michigan

521 Seymour Avenue
Lansing,MI48933 		none PC General Support 200,000

School Justice Project

1111 14th Street NW Suite 500
Washington,DC20005 		none PC Support for Special Education Legal Services & Advocacy for Court-Involved Students with Disabilities 200,000

Second Chance Center Inc

224 Potomac St
Aurora,CO80011 		none PC Support for Second Chance Center's Fair Chance for Housing, Hiring and Re-entry Income 200,000

Servant Leaders Institute

323 Audubon Circle
Brandon,MS39047 		none PC Support for Matching Gift 600

Sheldrick Wildlife Trust USA

25283 Cabot Road Suite 101
Laguna Hills,CA92653 		none PC General Support 10,000

Social & Environmental Entrepreneurs

23564 Calabasas Road Suite 201
Calabasas,CA91302 		none PC Support for Rise for Youth 200,000

Southern Center for Human Rights

60 Walton Street NW
Atlanta,GA30303 		none PC Support for SCHR 2024 - 2026 Campaign to Transform Georgia's Criminal Legal System 300,000

Southern Movement Committee

1301 Dickerson Pike
Nashville,TN37207 		none PC Support for SMC Youth Assembly Program and Yes to Youth Campaign 150,000

Stand for Children Leadership Center

2121 SW Broadway Suite 130
Portland,OR97210 		none PC Support for advocacy, organizing, and coalition-building efforts for youth justice in Memphis 175,000

Still She Rises Inc

608 E 46th Street North
Tulsa,OK74216 		none PC Support for Impact Litigation 150,000

Tennesseans for Alternatives to the Death Penalty (aka TADP)

3310 Ezell Road
Nashville,TN37211 		none PC Support for Repairing the Harm: Expanding Support for Tennesseans Impacted by Violence 125,000

Tennessee Immigrant and Refugee Rights Coalition

3310 Ezell Road
Nashville,TN37211 		none PC Support for Organizing to Challenge Law Enforcement Abuses 100,000

The Appellate Project

1835 7th St NW 194
Washington,DC20001 		none PC Support for Support Appellate Lawyers 15,000

The Bail Project

3107 Washington Blvd
Marina Del Ray,CA90292 		none PC General Support 15,000

The Boys and Girls Clubs of Greater Washington

4103 Benning Rd NE
Washington,DC20019 		none PC TIG General Support 10,000

The Center for Effective Philanthropy

675 Massachusetts Avenue 7th Floor
Cambridge,MA02139 		none PC Support for Annual Contribution 10,000

The Community Ltd

PO Box 100392
Milwaukee,WI53210 		none PC Support for Strengthening The Community 250,000

The Community Ltd

PO Box 100392
Milwaukee,WI53210 		none PC Support for The Community Matching Gift 1,000

The Community Ltd

PO Box 100392
Milwaukee,WI53210 		none PC Support for Statewide Coalition Retreat 30,000

The Greater New Orleans Foundation

919 St Charles Ave
New Orleans,LA70130 		none PC Support for Matching Gift 200

The Just Trust for Education

7030 S Yale Ste 600
Tulsa,OK74136 		none PC Support for the Oklahoma Justice Funders Collaborative 500,000

The Lens

PO Box 13242
New Orleans,LA70185 		none PC General Support 100,000

The Lens

2216 Nashville Avenue
New Orleans,LA70115 		none PC Support for NOLA Grant 25,000

The Marshall Project

156 W 56th Street Suite 701
New York,NY10019 		none PC Support for Investing in High-Quality Criminal Justice Journalism 100,000

The New Press

120 Wall Street 31st Floor
New York,NY10005 		none PC Support for A Door In the Dark: Author pens book on the movement to close youth prisons. 50,000

The Praxis Project

PO Box 7259
Oakland,CA94601 		none PC Support for General support for Free Hearts 300,000

The Resurrection Project

1818 South Paulina Street
Chicago,IL60608 		none PC General Support 20,000

The TRIGGER Project

252 37th St SE
Washington,DC20019 		none PC Support for Gun Violence Prevention and Intervention 50,000

Think Tennessee

414 Union St Suite 1900
Nashville,TN37219 		none PC Support for the first landscape report of Tennessee's criminal legal system 100,000

Third Space Foundation

1214 NW 18th St Apt 201
Oklahoma City,OK73106 		none PC Support for Foundation for Liberating Minds' Free Our People Initiative 50,000

Third Space Foundation

1214 NW 18th St Apt 201
Oklahoma City,OK73106 		none PC Support for Julius Jones Institute - Community Engagement 75,000

Tides Center

PO Box 889385
Los Angeles,CA900889385 		none PC Support for FY24 Community Justice Exchange- GA Justice Reform Legal Defense Fund 100,000

Tides Center

1625 N Downing St
Denver,CO80218 		none PC Support for FY24 Community Justice Exchange- GA Justice Reform Legal Defense Fund 100,000

Tides Foundation

PO Box 29903
San Francisco,CA94129 		none PC Support for Justice Transformation Organizing 150,000

Tides Foundation

PO Box 29903
San Francisco,CA94129 		none PC Support for Life After Release Justice Liberation and Institute 125,000

Tufts University

163 Packard Ave Barnum Hall
Medford,MA02155 		none PC Support for Tisch College of Civic Life 10,000

Tulsa Community Foundation

7030 S Yale Ste 600
Tulsa,OK74136 		none PC Support for Oklahoma Justice Funders Collaborative Fund 250,000

Ubuntu Village Nola

2021 South Dupre St
New Orleans,LA70125 		none PC Support for Mission Support Funding 400,000

Ubuntu Village Nola

7660 Branch Drive
New Orleans,LA70128 		none PC Support for NOLA Grant 25,000

Unheard Voices Outreach

1623 Haynes Meade Cir
Nashville,TN37207 		none PC Support for formerly incarcerated person led advocacy in Tennessee 50,000

United Way of Greater Atlanta

40 Courtland St NE 300
Atlanta,GA30303 		none PC Support for Georgia Justice Funders Table 150,000

University of Colorado Foundation for the benefit of the University of Colo

1800 Grant St 800
Denver,CO80203 		none PC Support for Youth Justice Advocate Program 100,000

University of Minnesota Foundation

200 Southeast Oak Street Suite 500
Minneapolis,MN55455 		none PC Support for Support Endowment Chair of Prof. Anne O. Krueger 10,000

Vera Institute of Justice Inc

34 35th Street Suite 4-2-A
Brooklyn,NY11232 		none PC Support for Vera Louisiana to launch a criminal justice data dashboard. 300,000

Vera Institute of Justice Inc

34 35th Street Suite 4-2-A
Brooklyn,NY11232 		none PC Support for NOLA Grant 25,000

Vera Institute of Justice Inc

34 35th Street Suite 4-2-A
Brooklyn,NY11232 		none PC Support for Vera's True Line Project 400,000

Voces Unidas for Justice

2519 Airport Road
Colorado Springs,CO80910 		none PC Support for Training for Transformation in EPC 150,000

Voice of the Experienced

PO Box 13622
New Orleans,LA70185 		none PC General Support 300,000

Voice of the Experienced

PO Box 13622
New Orleans,LA70185 		none PC Support for NOLA Grant 25,000

Voices for a Second Chance

1422 Massachusetts Ave SE
Washington,DC20003 		none PC Support for VSC Welcome Home Reentry Center - New Terrain: Pathway to Sustainability 150,000

Wisconsin Examiner dba States Newsroom

111 King St Suite 24
Madison,WI53703 		none PC Support for Examining criminal justice in Wisconsin 150,000

Wisconsin Policy Forum Inc

633 W WISCONSIN AVENUE 4046
Milwaukee,WI532031918 		none PC Support for Criminal Justice Landscape Report for the State of Wisconsin 115,000

Wisconsin Policy Forum Inc

633 W WISCONSIN AVENUE 4046
Milwaukee,WI532031918 		none PC Support for Milwaukee CJC Youth Justice Council 155,519

Youth Law Center

200 Pine Street Suite 300
San Francisco,CA94104 		none PC Support for Tennessee Youth Justice Reform Advocacy 200,000
Total .................................right arrow 3a 25,497,906
bApproved for future payment

Milwaukee Turners Inc
1034 N Vel R Phillips Ave
Milwaukee,WI53203 		NONE PC Support for Confronting Mass Incarceration 150,000

School Justice Project
1111 14th Street NW
Washington,DC20005 		NONE PC Support for Special Education Legal Services & Advocacy for Court-Involved Students with Disabilities 200,000

Free Minds Book Club and Writing Workshop
1816 12th Street NW
Washington,DC20009 		NONE PC Free Minds' General Operating Support 200,000

Operation Restoration
1450 Poydras St 2260
New Orleans,LA70112 		NONE PC Support for Continuing to meet the needs of our community 300,000

AtlantaFulton County Prearrest Diversion Initiative Inc
Suite 500
Atlanta,GA30303 		NONE PC General Support 200,000

First 72
2915 Perdido St
New Orleans,LA70119 		NONE PC Support for The First 72+ Just Reentry Policy Program 200,000

Georgia Justice Project
438 Edgewood Ave
Atlanta,GA30312 		NONE PC Support for Strengthening Access to Economic, Racial, and Civic Equity for Georgians with an Arrest or Conviction Record 150,000

Barred Business Foundation
4217 Viewpoint Trail
Ellenwood,GA30294 		NONE PC Support for Justice, Self Determination, and Care - Building Justice Impacted Led Power In Georgia. 150,000

Southern Center for Human Rights
60 Walton Street NW
Atlanta,GA30303 		NONE PC Support for SCHR 2024 - 2026 Campaign to Transform Georgia's Criminal Legal System 300,000

Highlander Research and Education Center Inc
1959 Highlander Way
New Market,TN37820 		NONE PC Support for Towards A People's Justice 250,000

Highlander Research and Education Center Inc
1959 Highlander Way
New Market,TN37820 		NONE PC Support for Mississippi Prison Reform Coalition 100,000

Safe & Just Michigan
521 Seymour Avenue
Lansing,MI48933 		NONE PC General Operating Support 200,000

Second Chance Center Inc
224 Potomac St
Aurora,CO80011 		NONE PC Support for Second Chance Center's Fair Chance for Housing, Hiring and Re-entry Income 200,000

Oklahoma Watch Inc
100 W Main St
Oklahoma City,OK73102 		NONE PC Support for Criminal Justice Reporting Fellowship 100,000

University of Colorado Foundation for the benefit of the University of Colo
1800 Grant St
Denver,CO80203 		NONE PC Support for Youth Justice Advocate Program 100,000

Foundation For Louisiana
1820 St Charles Ave
New Orleans,LA70130 		NONE PC Support for Louisiana Justice Fund 500,000

The Just Trust for Education
2530 Meridian Parkway 300
Durham,NC27713 		NONE PC Support for Oklahoma Justice Funders Collaborative Fund 500,000

National Public Radio
1111 North Capitol St NE
Washington,DC20002 		NONE PC Support for NPR's Coverage of Criminal Justice 200,000
Total ................................. right arrow 3b 4,000,000
Form 990-PF (2023)
Form 990-PF (2023)
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 5,321  
4 Dividends and interest from securities ....     14 7,171,138  
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 21,352,137  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPARTNERSHIP INCOME/(LOSS) 		901101 -416,443 14 1,531,005  
bMiscellaneous Income     14 3,561  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -416,443 30,063,162 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
29,646,719
(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 (2023)
Form 990-PF (2023)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID: 23017437
Software Version: 2023v6.0


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
Public Welfare Foundation Inc
EIN:
54-0597601
Software ID:
23017437
Software Version:
2023v6.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting Fees 226,406 10,820   209,187

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

TY 2023 AmortizationSchedule
Name:
Public Welfare Foundation Inc
EIN:
54-0597601
Software ID:
23017437
Software Version:
2023v6.0
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 2020-05-27 735,424 341,861   26,738     368,599

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

TY 2023 DepreciationSchedule
Name:
Public Welfare Foundation Inc
EIN:
54-0597601
Software ID:
23017437
Software Version:
2023v6.0
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   1,487,065 445,657     116,596   0  
Building & Improvements   19,176,042 6,965,949     735,138   0  
Land Improvements   138,897 92,533     2,685   0  

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

TY 2023 ExpenditureResponsibilityStmt
Name:
Public Welfare Foundation Inc
EIN:
54-0597601
Software ID:
23017437
Software Version:
2023v6.0
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 		2024-02-21 405,000 2024 Evaluation and Learning Partnership 405,000 NONE 12/02/2024; 1/28/2025   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.
ORS Impact
  		1100 Olive Way Suite 1350
Seattle,WA98101 		2024-05-17 143,000 2024 Evaluation and Learning Partnership 143,000 NONE 12/02/2024; 1/28/2025   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.
Associated Press
  		200 Liberty Street
New York,NY10281 		2024-06-12 200,000 FY24 Telling the Youth Justice Story 0 NONE Not yet due    
Fundacion Elena Barraquer Inc
  		1450 Brickell Avenue Suite 200
Miami,FL33131 		2024-07-15 60,000 GENERAL OPERATING SUPPORT 60,000 NONE 06/16/2025   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.
DEATH PENALTY INFORMATION CENTER
  		1701 K STREET NW
WASHINGTON,DC20006 		2023-08-14 20,000 GENERAL OPERATING SUPPORT 20,000 NONE 01/18/2024   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.
Community Science Inc
  		7272 WISCONSIN AVE STE 10W115
BETHESDA,MD20814 		2024-04-22 113,716 SUPPORT FOR CAPACITY BUILDING AND TECHNICAL ASSISTANCE SUPPORT SERVICES 113,716 NONE 5/30/2025   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.

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

TY 2023 GainLossSaleOtherAssetsSch
Name:
Public Welfare Foundation Inc
EIN:
54-0597601
Software ID:
23017437
Software Version:
2023v6.0
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         37,391,798 16,039,661     21,352,137  

TY 2023 InvestmentsOtherSchedule2
Name:
Public Welfare Foundation Inc
EIN:
54-0597601
Software ID:
23017437
Software Version:
2023v6.0
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
PWF Fund, LP FMV 585,327,531 585,327,531

TY 2023 LandEtcSchedule2
Name:
Public Welfare Foundation Inc
EIN:
54-0597601
Software ID:
23017437
Software Version:
2023v6.0
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
FURNITURE, FIXTURES & EQUIPMENT 2,741,453 562,098 2,179,355 2,179,355
BUILDING & IMPROVEMENTS 18,389,747 7,954,473 10,435,274 10,435,274
LAND & LAND IMPROVEMENTS 1,690,863 94,722 1,596,141 1,596,141
Artwork 144,059 0 144,059 144,059


TY 2023 LegalFeesSchedule
Name:
Public Welfare Foundation Inc
EIN:
54-0597601
Software ID:
23017437
Software Version:
2023v6.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Legal Fees 32,467     32,638


TY 2023 MortgagesAndNotesPayableSch
Name:
Public Welfare Foundation Inc
EIN:
54-0597601
Software ID:
23017437
Software Version:
2023v6.0
Total Mortgage Amount: 11,921,749

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 11,948,486
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 2023 OtherAssetsSchedule
Name:
Public Welfare Foundation Inc
EIN:
54-0597601
Software ID:
23017437
Software Version:
2023v6.0
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
EMPLOYEE INVESTMENT - 457(B) 104,567 120,026 120,026
DEFERRED INCOME RECEIVABLE - 457(B) 44,208 82,993 82,993
Restricted Assets for Capital Project 793,969 0 0
Employees Receivable 0 71 71


TY 2023 OtherExpensesSchedule
Name:
Public Welfare Foundation Inc
EIN:
54-0597601
Software ID:
23017437
Software Version:
2023v6.0
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Office Supplies/Admin 22,442     23,197
Software Maintenance 104,937     124,595
Hardware Maintenance 1,462     1,462
Business Insurance 29,231     34,602
Telephone, Internet & Cable 23,550     22,412
Bank Fees 27     27
Postage & Shipping 1,091     1,091
Employee Relations 14,303     15,067
Dues & Subscriptions 40,560     47,570
Business License & Registration fees 4,002     4,002
Marketing & Social Media 4,334     4,334
Professional Development 73,378     77,106
Miscellaneous 1,853     1,853


TY 2023 OtherIncomeSchedule2
Name:
Public Welfare Foundation Inc
EIN:
54-0597601
Software ID:
23017437
Software Version:
2023v6.0
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PARTNERSHIP INCOME/(LOSS) 1,114,562 19,770,712  
MISCELLANEOUS INCOME 3,561 3,561  


TY 2023 OtherIncreasesSchedule
Name:
Public Welfare Foundation Inc
EIN:
54-0597601
Software ID:
23017437
Software Version:
2023v6.0
Description Amount
Unrealized gain 39,191,403


TY 2023 OtherLiabilitiesSchedule
Name:
Public Welfare Foundation Inc
EIN:
54-0597601
Software ID:
23017437
Software Version:
2023v6.0
Description Beginning of Year - Book Value End of Year - Book Value
DEFERRED FEDERAL TAX LIABILITY 267,186 827,186
PLAN LIABILITY - 457(B) 148,775 203,020
Restricted for Capital Project 793,968 0


TY 2023 OtherProfessionalFeesSchedule
Name:
Public Welfare Foundation Inc
EIN:
54-0597601
Software ID:
23017437
Software Version:
2023v6.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Property Management 50,080     50,080
Management Fees-Investments 1,492,090 1,492,090   0
Payroll Processing 7,125     7,178
Other Consulting 644,326     1,087,859
Staff Recruitment Consultant 63,000     63,000


TY 2023 TaxesSchedule
Name:
Public Welfare Foundation Inc
EIN:
54-0597601
Software ID:
23017437
Software Version:
2023v6.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Property Taxes 148,884     148,884
Federal Excise Tax 320,000      
Federal UBIT 70,000      
State TAX 30,000      
DEFERRED FEDERAL INCOME TAX EXPENSE 560,000      
Foreign Taxes   204,725