The Public Welfare Foundation is an American grantmaking foundation founded in 1947. As of 2023, it had assets of $568 million. As of 2014, it had distributed more than $540 million to 4,700 different organizations.

History

The foundation was overseen by Charles E. Marsh until 1953. His wife oversaw it from 1952 to 1974. It owned the ''

Spartanburg Herald-Journal The ''Spartanburg Herald-Journal'' is a daily newspaper, the primary newspaper for Spartanburg, South Carolina, United States. History The origins of the paper lie with ''The Spartan'', a weekly paper reportedly first printed in about 1842� ...

'', ''

The Tuscaloosa News The '' Tuscaloosa News '' is a daily newspaper serving Tuscaloosa, Alabama, United States, and the surrounding area in west central Alabama. It is owned by Gannett. In 2012, Halifax Media Group acquired the ''Tuscaloosa News''. Prior to that ...

'', and ''

The Gadsden Times '' The Gadsden Times '' is a daily newspaper serving Gadsden, Alabama, and the surrounding area in northeastern Alabama. The ''Times'' was owned by Halifax Media Group. Before that, the newspaper was a member of the New York Times Regional Med ...

''. However, a 1969 federal tax law required non-profits to sell newspaper holdings, so the foundation had to sell these papers to ''

The New York Times ''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of ...

'' in 1985. In 2011, it added a special initiative to fund civil legal aid for the poor.

References

{{reflist Organizations established in 1947 Foundations based in Washington, D.C.