# Anverse

Anverse is an Endowment / Foundation based in Cartersville, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Cartersville, United States
- **Region:** North America
- **Address:** Cartersville, GA, United States
- **Founded:** 2001
- **Assets under management:** $120-125 million (Altss estimate)
- **Website:** wbhfradio.org

## Regulatory record

- **Reports private funds:** No

## About

Anverse Inc. was established in 2001 in Cartersville, GA by Jonathan Oscher, founder of Prestige Communications. The foundation is now chaired by his daughter, Lorraine O. McClain, with day-to-day operations led by Executive Director Marty Sonenshine. Its primary grant-making focuses on education, human services, and voluntarism, concentrated in Georgia, Virginia, and North Carolina. The family's wealth is intertwined with media holdings, forming a structure where grant-making and active business operations coexist. The foundation's investment posture spans buyout, venture, distressed debt, mezzanine, natural resources, timber, secondaries, and co-investment multi-manager strategies, showing an unusually broad mandate for a private foundation of its scale. Its defining direct investment is the ownership and operation of WBHF AM 1450 in Cartersville, an active local radio business embedded within the philanthropic entity. Commercial real estate holdings include The Grand Theatre, the Booth Western Art Museum Downtown Gallery, and multiple properties on Wall Street and Leake Street in Cartersville, as well as the Carroll County Nonprofit Center in Maryland. This hybrid approach — mixing an operating media company with commercial real estate under a grant-making foundation — is rare for an entity of this size (per Altss estimate). Anverse operates with a lean team; leadership includes Chair Lorraine O. McClain, who also serves on the board of Gray Media Inc. and co-founded Reicon Capital. Son-in-law Reid Funston, a Managing Partner at Reicon Wealth Advisors, extends the family's investment reach into registered advisory services. The foundation participates in Georgia Grantmakers Alliance, and family board service extends to Sewanee: The University of the South, the High Museum of Art, and Pace Academy. In 2024, WBHF AM 1450 continued its local broadcast operations in Cartersville, maintaining Anverse's direct connection to a regulated operating business. Anverse's key structural differentiator is this very union of an operating company and a foundation. Holding an FCC-licensed radio station inside a private foundation creates idiosyncratic governance and valuation requirements, setting it apart from family offices that hold passive investment portfolios or purely grant-funded foundations.

## Sectors

- Education
- Human Services
- Media & Entertainment
- Real Estate
- Philanthropy, Voluntarism & Grantmaking

## People

- Lorraine O. McClain — Chair
- Jonathan J. Oscher — Founder
- Marty Sonenshine — Executive Director

## Questions

### Is Anverse structured as a foundation or an operating business?

It is structured as a private foundation but directly owns and operates WBHF AM 1450, a radio station in Cartersville, GA. This means a portion of its assets are not passive investments but an active operating business. The foundation also holds commercial real estate, including The Grand Theatre and several other Cartersville properties.

### What is Anverse's relationship to Prestige Communications?

Anverse Inc.'s founder, Jonathan Oscher, also founded Prestige Communications. This places the foundation's origins squarely within a family that built wealth in media and communications, which aligns with the foundation's later direct ownership of radio station WBHF AM 1450.

## Related profiles

- [Seattle Pacific University Endowment](https://altss.com/profile/seattle-pacific-university-endowment)
- [Snow Foundation](https://altss.com/profile/snow-foundation)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/anverse-inc

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology