# Public Welfare Foundation

Public Welfare Foundation is an Endowment / Foundation based in Washington, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Washington, United States
- **Region:** North America
- **Address:** 1200 U Street NW, Washington, DC 20009-4443
- **Founded:** 1947
- **Assets under management:** 568 (Altss estimate)
- **Website:** publicwelfare.org
- **LinkedIn:** https://www.linkedin.com/company/public-welfare-foundation-inc

## Regulatory record

- **Reports private funds:** No

## About

The Public Welfare Foundation was established in 1947 by Charles Edward Marsh. Marsh directed the organization toward advancing justice and opportunity for people in need. Its grantmaking has exceeded $570 million since inception. The foundation allocates its endowment across venture capital, private credit, and private equity. Confirmed positions held through the PWF Fund, LP include Base10 Advancement Initiative I, Brightwood Capital Advisors, CF Private Equity, and Cerberus Capital Management. All activity remains within the United States. Cambridge Associates has served as investment advisor since 2014. The foundation maintains eleven professionals at its Washington headquarters. It holds membership in the Mission Investors Exchange and the National Committee for Responsive Philanthropy. Its headquarters, the True Reformer Building, serves as both operational base and repository for a social justice art collection. Governance separates the grantmaking mandate from endowment management through an external advisor structure. The board, chaired by Kim Taylor-Thompson, sets program priorities while Cambridge Associates executes investment decisions.

## Sectors

- Criminal Justice
- Youth Justice

## People

- Candice C. Jones — President and CEO
- Kim Taylor-Thompson — Chair of the Board of Directors
- Craig Alexander — Chief Financial and Administrative Officer

## Questions

### Who runs investment decisions at Public Welfare Foundation?

Cambridge Associates has served as investment advisor to the PWF Fund, LP since 2014. The board, chaired by Kim Taylor-Thompson, sets overall program and allocation guidance.

### Does Public Welfare Foundation participate in fund commitments or only direct deals?

The foundation commits to funds as a limited partner. Holdings include Base10 Advancement Initiative I, Brightwood Capital Advisors, CF Private Equity, and Cerberus Capital Management through the PWF Fund, LP.

### What investment stages does Public Welfare Foundation typically target?

The endowment accesses early-stage venture, growth equity, buyout, distressed debt, and secondaries through its fund commitments.

### How is Public Welfare Foundation related to its investment vehicles?

The PWF Fund, LP serves as the primary endowment vehicle. Cambridge Associates manages the fund on behalf of the foundation.

## Related profiles

- [Fondation Rurale de Prévoyance Professionnelle (FRPP)](https://altss.com/profile/fondation-rurale-de-pr-voyance-professionnelle-frpp)
- [Golden Bell Partners](https://altss.com/profile/golden-bell-partners)

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

Canonical page: https://altss.com/profile/public-welfare-foundation

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