Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
We Energies Foundation Inc
 
% BRYAN OLSON
Number and street (or P.O. box number if mail is not delivered to street address)231 W Michigan Street
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Milwaukee, WI53203
A Employer identification number

39-1433726
B Telephone number (see instructions)

(414) 221-2107
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$74,423,527J 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) 4,000,000
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,370,221 1,348,631  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 657,564
b Gross sales price for all assets on line 6a 12,325,557
7 Capital gain net income (from Part IV, line 2)... 975,798
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......   569  
12 Total. Add lines 1 through 11........ 6,027,785 2,324,998  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 28,568     28,568
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 87,353 0 0 87,353
c Other professional fees (attach schedule).... Click to see attachment 33,206 33,206    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 21,226      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 622      
22 Printing and publications.......... 2,660      
23 Other expenses (attach schedule)....... Click to see attachment 159,759 103,280    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 333,394 136,486 0 115,921
25 Contributions, gifts, grants paid....... 8,963,214 8,963,214
26 Total expenses and disbursements. Add lines 24 and 25 9,296,608 136,486 0 9,079,135
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,268,823
b Net investment income (if negative, enter -0-) 2,188,512
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
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............. 1,391,474 551,130 551,132
2 Savings and temporary cash investments......... 502,490 1,577,875 1,577,875
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet100,000
Less: allowance for doubtful accounts bullet   100,000 Click to see attachment100,000 100,000
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 3,735,807 Click to see attachment2,519,431 2,519,431
b Investments—corporate stock (attach schedule)....... 49,061,766 Click to see attachment54,446,260 54,446,260
c Investments—corporate bonds (attach schedule)....... 11,602,037 Click to see attachment12,725,699 12,725,699
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,520,362 Click to see attachment1,810,681 1,810,681
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment1,792,754 Click to see attachment692,449 Click to see attachment692,449
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 69,706,690 74,423,525 74,423,527
Liabilities 17 Accounts payable and accrued expenses.......... 55,908 54,026
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 55,908 54,026
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 69,650,782 74,369,499
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
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)..... 69,650,782 74,369,499
30 Total liabilities and net assets/fund balances (see instructions). 69,706,690 74,423,525
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
69,650,782
2
Enter amount from Part I, line 27a .....................
2
-3,268,823
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
7,987,540
4
Add lines 1, 2, and 3 ..........................
4
74,369,499
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
74,369,499
Form 990-PF (2020)
Form 990-PF (2020)
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 VANGUARD STOCK FUNDS P 2019-12-24 2020-04-24
b VANGUARD STOCK FUNDS P 2020-02-06 2020-04-24
c VANGUARD STOCK FUNDS P 2019-12-24 2020-07-02
d VANGUARD STOCK FUNDS P 2020-03-26 2020-07-02
e VANGUARD STOCK FUNDS P 2020-06-25 2020-07-02
VANGUARD STOCK FUNDS P 2017-03-07 2020-07-02
VANGUARD STOCK FUNDS P 2017-03-07 2020-09-23
FIDELITY STOCK FUNDS P 2019-12-23 2020-07-02
FIDELITY STOCK FUNDS P 2019-12-23 2020-07-02
FIDELITY STOCK FUNDS P 2019-12-23 2020-07-02
FIDELTIY STOCK FUNDS P 2020-02-06 2020-07-02
FIDELITY STOCK FUNDS P 2020-06-08 2020-07-02
FIDELITY STOCK FUNDS P 2020-06-08 2020-07-02
FIDELITY STOCK FUNDS P 2017-10-24 2020-07-02
TAXABLE BOND - AFLAC INC P 2018-03-14 2020-04-27
TAXABLE BOND - AT&T INC P 2015-04-02 2020-06-29
TAXABLE BOND - ABBVIE INC P 2017-03-15 2020-04-27
TAXABLE BOND - AMERIPRISE P   2020-04-27
TAXABLE BOND - BP CAP MKTS P 2018-12-14 2020-01-28
TAXABLE BOND - BAC MTN P 2020-02-27 2020-07-31
TAXABLE BOND - BURLINGTON NJ P 2014-05-07 2020-12-22
TAXABLE BOND - CELGENE CORP P 2019-03-05 2020-08-17
TAXABLE BOND - 8CVS CORP P 2018-03-15 2020-08-27
TAXABLE BOND - GS MTN P 2017-01-09 2020-04-27
TAXABLE BOND - GS MTN D 2019-03-06 2020-04-27
TAXABLE BOND - GECC MTN P 2018-03-26 2020-01-08
TAXABLE BOND - 8HUDSON NJ P 2014-06-18 2020-12-01
TAXABLE BOND - KELLOGG CO P 2014-04-01 2020-12-15
TAXABLE BOND - KOHLS CORP P 2016-04-14 2020-03-31
TAXABLE BOND - KOHLS CORP P 2018-04-19 2020-03-31
TAXABLE BOND - OAKLAND MI P 2014-03-21 2020-07-01
TAXABLE BOND - ORACLE CORP P 2012-10-18 2020-04-27
TAXABLE BOND - RBC MTN P 2015-06-10 2020-09-18
TAXABLE BOND - UST NOTE P 2017-03-10 2020-06-25
TAXABLE BOND - UST NOTE P 2017-03-30 2020-11-25
TAXABLE BOND - UST NOTE P 2017-03-30 2020-12-01
TAXABLE BOND - UST NOTE P 2017-03-30 2020-12-04
TAXABLE BOND - UST NOTE P 2017-03-30 2020-12-07
TAXABLE BOND - WF MTN P 2014-04-07 2020-11-16
TAXABLE BOND - INTEL CORP P 2012-12-04 2020-01-28
TAXABLE BOND - DODGE & COX INC P 2013-12-13 2020-04-27
TAXABLE BOND - DODGE & COX INC P 2014-03-27 2020-04-27
TAXABLE BOND - DODGE & COX INC P 2014-12-22 2020-04-27
TAXABLE BOND - DODGE & COX INC P 2014-12-22 2020-04-27
TAXABLE BOND - WF COR BD I   2014-12-16 2020-04-27
CAPITAL GAIN DISTRIBUTION P    
K-1 GENERATION GROWTH I P    
K-1 GENERATION GROWTH II P    
K-1 GENERATION GROWTH III P    
K-1 WI SUPER ANGEL FUND P    
K-1 GENERATION GROWTH II P    
K-1 GENERATION GROWTH III P    
K-1 COMMONFUND CAPITAL P    
K-1 COMMONFUND CAPITAL P    
K-1 GCM GROSVENOR P    
(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 153,588   177,226 -23,638
b 846,412   1,014,000 -167,588
c 34,786   35,942 -1,156
d 194,737   152,218 42,519
e 174,185   169,433 4,752
596,293   459,374 136,919
2,150,000   1,591,421 558,579
50,708   55,713 -5,005
41,932   46,070 -4,138
4,551   5,000 -449
177,815   200,000 -22,185
19,775   20,668 -893
3,845   4,019 -174
601,374   575,011 26,363
383,191   345,109 38,082
311,623   320,367 -8,744
415,800   383,535 32,265
381,615   371,957 9,658
102,776   96,099 6,677
250,000   249,975 25
300,000   336,216 -36,216
250,000   249,403 597
269,590   252,260 17,330
265,553   251,583 13,970
159,332   151,800 7,532
250,000   260,275 -10,275
30,000   36,199 -6,199
33,000   34,942 -1,942
86,380   96,547 -10,167
172,760   200,048 -27,288
145,000   157,601 -12,601
139,892   134,704 5,188
300,000   293,250 6,750
1,027,422   976,934 50,488
257,715   249,795 7,920
360,664   349,713 10,951
154,576   149,877 4,699
206,125   199,836 6,289
200,000   188,700 11,300
123,446   119,083 4,363
40,737   39,297 1,440
4,067   3,941 126
4,251   4,137 114
945   919 26
80,000   74,565 5,435
154,641     154,641
    85,576 -85,576
    129,173 -129,173
368,775     368,775
    30,679 -30,679
    19,569 -19,569
43,890     43,890
197     197
391     391
1,202     1,202
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       -23,638
b       -167,588
c       -1,156
d       42,519
e       4,752
      136,919
      558,579
      -5,005
      -4,138
      -449
      -22,185
      -893
      -174
      26,363
      38,082
      -8,744
      32,265
      9,658
      6,677
      25
      -36,216
      597
      17,330
      13,970
      7,532
      -10,275
      -6,199
      -1,942
      -10,167
      -27,288
      -12,601
      5,188
      6,750
      50,488
      7,920
      10,951
      4,699
      6,289
      11,300
      4,363
      1,440
      126
      114
      26
      5,435
      154,641
      -85,576
      -129,173
      368,775
      -30,679
      -19,569
      43,890
      197
      391
      1,202
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 2 975,798
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 -152,212
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
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 Bullet 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)
b Reserved................................ 1 30,420
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% 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 30,420
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 30,420
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 26,116
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 8,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 34,116
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.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 3,696
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet3,696 RefundedBullet 11  
Part VII-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? Click to see list of attachments....................
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. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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 changesClick to see list of attachments....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
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.Click to see list of attachments
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • 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 XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bullet
    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 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
    Yes
     
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 addressbulletwww.we-energies.com/foundation
    14
    The books are in care ofbulletBRYAN OLSON Telephone no.bullet (920) 433-2665

    Located atbullet231 W MICHIGAN STREETMILWAUKEEWI ZIP+4bullet53203
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, 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 bullet
    Part VII-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?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (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)?...............
    (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.).......
    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
    ........bullet
    c
    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 2020?.............
    1c
     
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 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.
    bullet20, 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?......................
    b
    If "Yes," did it have excess business holdings in 2020 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 2020.)..................
    3b
     
    No
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-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))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    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
     
    No
    .........bullet
    c
    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?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    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?
    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? .................
    Part VIII
    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
    J KEVIN FLETCHER PRESIDENT/DIRECTOR
    0     		0 0 0
    231 W Michigan Street
    Milwaukee,WI53203
    M BETH STRAKA VICE PRESIDENT/DIRECTOR
    0     		28,568 0 0
    231 W Michigan Street
    Milwaukee,WI53203
    WILLIAM J GUC TREASURER/SECRETARY
    0     		0 0 0
    231 W Michigan Street
    Milwaukee,WI53203
    MARGARET C KELSEY DIRECTOR
    0     		0 0 0
    231 W Michigan Street
    Milwaukee,WI53203
    GALE E KLAPPA DIRECTOR
    0     		0 0 0
    231 W Michigan Street
    Milwaukee,WI53203
    SCOTT J LAUBER DIRECTOR
    0     		0 0 0
    231 W Michigan Street
    Milwaukee,WI53203
    TOM METCALFE DIRECTOR
    0     		0 0 0
    231 W Michigan Street
    Milwaukee,WI53203
    PAUL J SPICER DIRECTOR
    0     		0 0 0
    231 W Michigan Street
    Milwaukee,WI53203
    DANIELLE L BLY DIRECTOR
    0     		0 0 0
    231 W Michigan Street
    Milwaukee,WI53203
    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
     
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    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
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-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  
    2  
    3  
    4  
    Part IX-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 GENERATION GROWTH CAPITAL FUND III INVEST IN MINORITY LED BUSINESSES IN WI AND BUSINESSES THAT BENEFIT LOW TO MODERATE INCOME RESIDENTS IN WISCONSIN. 27,978
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet27,978
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    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
    63,289,879
    b
    Average of monthly cash balances.......................
    1b
    2,295,672
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    65,585,551
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    65,585,551
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    983,783
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    64,601,768
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,230,088
    Part XI
    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 X, line 6....................
    1
    3,230,088
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    30,420
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    30,420
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,199,668
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    3,199,668
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    3,199,668
    Part XII
    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
    9,079,135
    b
    Program-related investments—total from Part IX-B..................
    1b
    27,978
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    9,107,113
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    9,107,113
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 3,199,668
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:2018, 2017, 2016  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 4,195,548
    b From 2016...... 5,947,471
    c From 2017...... 4,123,099
    d From 2018...... 4,726,173
    e From 2019...... 5,101,677
    fTotal of lines 3a through e........ 24,093,968
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 9,107,113
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 3,199,668
    e Remaining amount distributed out of corpus 5,907,445
    5 Excess distributions carryover applied to 2020.    
    (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 30,001,413
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    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 ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		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) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		4,195,548
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		25,805,865
    10 Analysis of line 9:
    a Excess from 2016.... 5,947,471
    b Excess from 2017.... 4,123,099
    c Excess from 2018.... 4,726,173
    d Excess from 2019.... 5,101,677
    e Excess from 2020.... 5,907,445
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-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 2020, enter the date of the ruling....... bullet
     
    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 X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    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 X, 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 XV
    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).)
    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.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    We Energies Foundation
    231 W Michigan Street
    Milwaukee,WI54166
    (414) 221-2107
    bThe form in which applications should be submitted and information and materials they should include:
    A letter requesting the Funds should include the purpose and activities of the requestor and how the funds are to be used.
    cAny submission deadlines:
    None
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Preference is given to qualified recipients within the We-Energies territory. However, grants may be made to other states.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    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
    CONTRIBUTIONS
    SEE ATTACHED
    SEE ATTACHED,WI53203     		    SEE ATTACHED PART XV 3A CONTRIBUTIONS PAID DURING YEAR 8,963,214
    Total .................................bullet 3a 8,963,214
    bApproved for future payment
    See Attached
    SEE ATTACHED
    SEE ATTACHED,WI53203     		    SEE ATTACHED PART XV 3B FUTURE PAYMENTS 3,146,367
    Total .................................bullet 3b 3,146,367
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-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
    aGENERATION GROWTH CAPITAL FUND II          
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 1,370,221  
    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 ............     		    18 657,564  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   2,027,785  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,027,785
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-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 XVI-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 (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    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
    WPSC MASTER TRUST BENEFIT 501(C)(9) COMMON GOVERNING BODIES
    PELLC BARGAINING BENEFIT 501(C)(9) COMMON GOVERNING BODIES
    WEC LIFE INSUR BENEFIT 501(C)(9) COMMON GOVERNING BODIES
    WEC MEDICAL BENEFIT 501(C)(9) COMMON GOVERNING BODIES
    EMPLOYEE MUTUAL BENEFIT 501(C)(8) COMMON GOVERNING BODIES
    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.
    Bullet Bullet
    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 PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    We Energies Foundation Inc
     
    Employer identification number

    39-1433726
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    We Energies Foundation Inc
          		Employer identification number
    39-1433726
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    Wisconsin Electric Power Company
    231 W Michigan Street
     
    Milwaukee, WI53203

    		$ 4,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    We Energies Foundation Inc
          		Employer identification number

    39-1433726
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    We Energies Foundation Inc
          		Employer identification number

    39-1433726
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    We Energies Foundation Inc
    EIN:
    39-1433726
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING SERVICES 87,353     87,353

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    TY 2020 DepreciationSchedule
    Name:
    We Energies Foundation Inc
    EIN:
    39-1433726
    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

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    We Energies Foundation Inc
    EIN:
    39-1433726
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BAIRD TAXABLE BONDS 12,725,699 12,725,699

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    We Energies Foundation Inc
    EIN:
    39-1433726
    Name of Stock End of Year Book Value End of Year Fair Market Value
    VANGUARD TOTAL STOCK INDEX 43,931,802 43,931,802
    BORWN CAPITAL MGMT INTER EQUIT 3,835,383 3,835,383
    FIDELITY MIDCAP INDEX INSTL 4,143,024 4,143,024
    BAIRD MUTUAL FUNDS 2,536,051 2,536,051

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    We Energies Foundation Inc
    EIN:
    39-1433726
    US Government Securities - End of Year Book Value:

    1,299,437
    US Government Securities - End of Year Fair Market Value:

    1,299,437
    State & Local Government Securities - End of Year Book Value:


    1,219,994
    State & Local Government Securities - End of Year Fair Market Value:


    1,219,994


    TY 2020 InvestmentsOtherSchedule2
    Name:
    We Energies Foundation Inc
    EIN:
    39-1433726
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CAPITAL MIDWEST FUND II FMV 1,288,780 1,288,780
    WISCONSIN SUPER ANGEL FUND FMV 162,716 162,716
    GROSVENOR GCM PEP 2020 FMV 311,185 311,185
    COMMONFUND GPE III FMV 48,000 48,000

    TY 2020 OtherAssetsSchedule
    Name:
    We Energies Foundation Inc
    EIN:
    39-1433726
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    GENERATION GROWTH CAP FUND I 380,648 298,664 298,664
    GENERATION GROWTH CAP FUND II 760,376 760,836 760,836
    GENERATION GROWTH CAP FUND III 651,730 -367,051 -367,051


    TY 2020 OtherExpensesSchedule
    Name:
    We Energies Foundation Inc
    EIN:
    39-1433726
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUES & FEES 2,293      
    SCHOLARSHIP PROGRAM FEES 19,210      
    COMPUTER EXPENSE 34,070      
    K-1 GENERATION GROWTH CAPITAL 20,234 20,566    
    K-1 GENER GROWTH CAPITAL II 4,516 4,823    
    K-1 GENER GROWTH CAPITAL III 30,646 27,686    
    K-1 CAPITAL MIDWEST FUND II 44,745 11,777    
    K-1 WSAF, LP 3,700 5,133    
    BANK CHARGES -1,450      
    MISCELLANEOUS EXPENSE 1,795      
    K-1 COMMONFUND   19,591    
    K-1 GCM GROSVENOR   13,704    


    TY 2020 OtherIncomeSchedule2
    Name:
    We Energies Foundation Inc
    EIN:
    39-1433726
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Miscellaneous Income   569  


    TY 2020 OtherIncreasesSchedule
    Name:
    We Energies Foundation Inc
    EIN:
    39-1433726
    Description Amount
    UNREALIZED GAINS 7,987,540


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    TY 2020 OtherNotesLoansRcvblLongSch
    Name:
    We Energies Foundation Inc
    EIN:
    39-1433726

    Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
    CAP SERVICES     100,000       0 %        

    TY 2020 OtherProfessionalFeesSchedule
    Name:
    We Energies Foundation Inc
    EIN:
    39-1433726
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEE 33,206 33,206    


    TY 2020 TaxesSchedule
    Name:
    We Energies Foundation Inc
    EIN:
    39-1433726
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX EXPENSE 21,226