01/A. Private Foundations
Record Group Term
Found in 1 Collection or Record:
Overview In 1947 Charles Edward Marsh founded the Public Welfare Foundation to render direct financial assistance to the needy. His purpose, to offer the greatest good to the greatest number of people, symbolized the efforts of the foundation he created. His method of distributing money, called the agent system, dispersed financial assistance to provide for the immediate needs of individuals. As tax laws required more detailed reporting, the foundation began to phase out the agent system and created...