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
MADISON GAS AND ELECTRIC FOUNDATION
INC
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1231
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MADISON, WI537011231
A Employer identification number

39-6098118
B Telephone number (see instructions)

(608) 252-7070
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$35,275,733J Accounting method:
Modified cash
(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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 2,323 2,323  
4 Dividends and interest from securities... 619,099    
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 362,227
b Gross sales price for all assets on line 6a 362,227
7 Capital gain net income (from Part IV, line 2)... 362,227
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)....... Click to see attachment 36,444 896,234  
12 Total. Add lines 1 through 11........ 1,020,093 1,260,784  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 15,590 0   15,590
b Accounting fees (attach schedule)....... Click to see attachment 9,848 4,924   4,924
c Other professional fees (attach schedule).... Click to see attachment 106,598 84,400   22,198
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 217 0   217
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 132,253 89,324   42,929
25 Contributions, gifts, grants paid....... 1,396,707 1,396,707
26 Total expenses and disbursements. Add lines 24 and 25 1,528,960 89,324   1,439,636
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -508,867
b Net investment income (if negative, enter -0-) 1,171,460
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............. 90,592 80,011 80,011
2 Savings and temporary cash investments......... 64,733 615,893 615,893
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet   2,000,000    
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) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 23,521,425 Click to see attachment25,376,338 25,376,338
c Investments—corporate bonds (attach schedule)....... 7,954,852 Click to see attachment8,932,274 8,932,274
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment274,873 Click to see attachment271,217
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 33,631,602 35,279,389 35,275,733
Liabilities 17 Accounts payable and accrued expenses..........    
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)......... 0 0
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........... 31,631,602 35,279,389
25 Net assets with donor restrictions............ 2,000,000 0
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)..... 33,631,602 35,279,389
30 Total liabilities and net assets/fund balances (see instructions). 33,631,602 35,279,389
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
33,631,602
2
Enter amount from Part I, line 27a .....................
2
-508,867
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2,156,654
4
Add lines 1, 2, and 3 ..........................
4
35,279,389
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
35,279,389
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 CAPITAL GAINS DIVIDENDS P    
b
c
d
e
(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 362,227     362,227
b
c
d
e
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       362,227
b
c
d
e
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 2 362,227
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  
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 16,283
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 0
3 Add lines 1 and 2........................... 3 16,283
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 16,283
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 36,040
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 36,040
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
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 19,757
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet19,757 RefundedBullet 11 0
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? ....................
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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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 changes....
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.
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)
    bulletWI
    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
     
    No
    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 addressbulletN/A
    14
    The books are in care ofbulletNIKKI BUSKE Telephone no.bullet (608) 252-7070

    Located atbullet133 S BLAIR STMADISONWI ZIP+4bullet537880001
    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
     
     
    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
    JEFFREY KEEBLER PRESIDENT AND CHAIRMAN
    1.00     		0 0 0
    133 S BLAIR ST
    MADISON,WI537880001
    JEFFREY NEWMAN SECRETARY AND TREASURER
    1.00     		0 0 0
    133 S BLAIR ST
    MADISON,WI537880001
    LYNN HOBBIE VICE PRESIDENT
    1.00     		0 0 0
    133 S BLAIR ST
    MADISON,WI537880001
    CARI ANNE RENLUND VICE PRESIDENT
    1.00     		0 0 0
    133 S BLAIR ST
    MADISON,WI537880001
    GARY WOLTER DIRECTOR
    1.00     		0 0 0
    133 S BLAIR ST
    MADISON,WI537880001
    TAMARA JOHNSON DIRECTOR SINCE AUGUST 2020
    1.00     		0 0 0
    133 S BLAIR ST
    MADISON,WI537880001
    JARED BUSHEK DIRECTOR SINCE AUGUST 2020
    1.00     		0 0 0
    133 S BLAIR ST
    MADISON,WI537880001
    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
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    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
    COMMONFUND INVESTMENT FUND MANAGEMENT SERVICES 79,634
    15 OLD DANBURY ROAD PO BOX 812
    WILTON,CT068970812
    Total number of others receiving over $50,000 for professional services.............bullet0
    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 SUPPORT THE PROGRAMS OF CHARITABLE AND OTHER EXEMPT ORGANIZATIONS PREDOMINANTLY LOCATED IN THE MADISON AREA. 137 GRANTS WERE AWARDED DURING 2020. 1,396,707
    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 TO HELP CREATE NEW AFFORDABLE WORKFORCE HOUSING UNITS IN DANE COUNTY, THE FOUNDATION INVESTED IN THE DANE WORKFORCE HOUSING FUND IN 2020. 274,873
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet274,873
    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
    31,163,017
    b
    Average of monthly cash balances.......................
    1b
    741,033
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    31,904,050
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    31,904,050
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    478,561
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    31,425,489
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,571,274
    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
    1,571,274
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    16,283
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    16,283
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,554,991
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,554,991
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,554,991
    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
    1,439,636
    b
    Program-related investments—total from Part IX-B..................
    1b
    274,873
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,714,509
    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
    1,714,509
    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 1,554,991
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 25,251
    b From 2016...... 24,421
    c From 2017...... 48,190
    d From 2018......  
    e From 2019...... 134,248
    fTotal of lines 3a through e........ 232,110
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,714,509
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 1,554,991
    e Remaining amount distributed out of corpus 159,518
    5 Excess distributions carryover applied to 2020. 0 0
    (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 5 391,628
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    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......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    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) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		25,251
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		366,377
    10 Analysis of line 9:
    a Excess from 2016.... 24,421
    b Excess from 2017.... 48,190
    c Excess from 2018....  
    d Excess from 2019.... 134,248
    e Excess from 2020.... 159,518
    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:
    KIM LEE
    133 S BLAIR ST
    MADISON,WI537880001
    (608) 252-5666
    bThe form in which applications should be submitted and information and materials they should include:
    COMPLETE GRANT PROPOSAL AND PROVIDE A COPY OF IRS DETERMINATION LETTER, CURRENT FINANCIAL STATEMENTS OR COPY OF MOST RECENT AUDIT REPORT, PROJECT OR PROGRAM BUDGET, AND COPY OF MINUTES AUTHORIZING GRANT PROPOSAL.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRANTS ARE GENERALLY AWARDED TO 501(C)(3) EXEMPT ORGANIZATIONS LOCATED WITHIN MADISON GAS AND ELECTRIC'S SERVICE TERRITORY.
    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
    100 BLACK MEN OF MADISON INC
    PO BOX 787
    MADISON,WI537010787     		N/A PC GENERAL SUPPORT 10,220
    1000 FRIENDS OF WISCONSIN
    16 N CARROL ST 800
    MADISON,WI53703     		N/A PC GENERAL SUPPORT 15,000
    ACCESS COMMUNITY HEALTH CENTERS
    2901 W BELTLINE HWY 120
    MADISON,WI537134231     		N/A PC GENERAL SUPPORT 1,000
    ACCESS TO INDEPENDENCE
    3810 MILWAUKEE ST
    MADISON,WI53714     		N/A PC GENERAL SUPPORT 500
    ALDO LEOPOLD NATURE CENTER
    330 FEMRITE DR
    MADISON,WI53716     		N/A PC GENERAL SUPPORT 40,000
    AMERICAN HEART ASSOCIATION
    2850 DAIRY DR SUITE 300
    MADISON,WI53718     		N/A PC GENERAL SUPPORT 5,000
    AMERICAN PARKINSON DISEASE ASSOCIATION
    135 PARKINSON AVE
    STATEN ISLAND,NY103051425     		N/A PC GENERAL SUPPORT 500
    ARTS & LITERATURE LABORATORY
    2021 WINNEBAGO STREET
    MADISON,WI537045316     		N/A PC GENERAL SUPPORT 12,500
    BACK PORCH RADIO BROADCASTING INC
    118 S BEDFORD ST
    MADISON,WI53703     		N/A PC GENERAL SUPPORT 500
    BADGER HONOR FLIGHT INC
    PO BOX 258066
    MADISON,WI53725     		N/A PC GENERAL SUPPORT 500
    BEST BUDDIES INTERNATIONAL
    100 SE 2ND ST STE 2200
    MIAMI,FL331312151     		N/A PC GENERAL SUPPORT 500
    BIG BROTHERS BIG SISTERS OF DANE COUNTY
    2059 ATWOOD AVE 2
    MADISON,WI53704     		N/A PC GENERAL SUPPORT 12,500
    BLACK EARTH HISTORICAL SOCIETY
    PO BOX 214
    BLACK EARTH,WI535150214     		N/A PC GENERAL SUPPORT 500
    BOYS AND GIRLS CLUB OF DANE COUNTY
    2001 TAFT STREET
    MADISON,WI53713     		N/A PC HIGH SCHOOL INTERNS 6,800
    BOYS AND GIRLS CLUB OF DANE COUNTY
    2001 TAFT STREET
    MADISON,WI53713     		N/A PC COVID-19, COMMUNITY EMERGENCY FUND 25,000
    BOYS AND GIRLS CLUB OF DANE COUNTY
    2001 TAFT STREET
    MADISON,WI53713     		N/A PC GENERAL SUPPORT 25,000
    BRAT FEST INC
    1919 ALLIANT ENERGY CENTER WAY
    MADISON,WI53713     		N/A PC GENERAL SUPPORT 10,000
    BSP FREE CLINIC
    2711 ALLEN BLVD SUITE B4
    MIDDLETON,WI53716     		N/A PC GENERAL SUPPORT 1,000
    CARTER G WOODSON FOUNDATION
    PO BOX 1494
    MADISON,WI53701     		N/A PC GENERAL SUPPORT 500
    CATHOLIC CHARITIES MADISON INC
    702 S HIGH POINT RD 209
    MADISON,WI53719     		N/A PC GENERAL SUPPORT 2,500
    CENTER FOR COMMUNITY STEWARDSHIP
    354 W MAIN ST
    MADISON,WI53703     		N/A PC GENERAL SUPPORT 10,500
    CENTRAL CROSS COUNTRY SKIING
    10850N STEWART RD
    HAYWARD,WI54843     		N/A PC GENERAL SUPPORT 500
    CENTRAL CROSS COUNTRY SKIING
    10850N STEWART RD
    HAYWARD,WI54843     		N/A PC GENERAL SUPPORT 15,000
    CENTRO HISPANO OF DANE COUNTY
    810 W BADGER RD
    MADISON,WI53713     		N/A PC HIGH SCHOOL INTERNS 2,720
    CENTRO HISPANO OF DANE COUNTY
    810 W BADGER RD
    MADISON,WI53713     		N/A PC GENERAL SUPPORT 65,000
    CITY OF PRAIRIE DU CHIEN
    214 EAST BLACKHAWK AVENUE
    PRAIRIE DU CHIEN,WI53821     		N/A GOV GENERAL SUPPORT 500
    COMMUNITY SHARES OF WISCONSIN
    612 W MAIN ST 200
    MADISON,WI53703     		N/A PC GENERAL SUPPORT 6,000
    DANE BUY LOCAL FOUNDATION
    6300 ENTERPRISE LN
    MADISON,WI53719     		N/A PC GENERAL SUPPORT 2,500
    DANE DANCES
    PO BOX 1672
    MADISON,WI53701     		N/A PC GENERAL SUPPORT 10,000
    DESTINATION MADISON FOUNDATION INC
    22 E MIFFILIN ST SUITE 200
    MADISON,WI53703     		N/A PC GENERAL SUPPORT 5,000
    DOWNTOWN MADISON PARTNERS INC
    122 W WASHINGTON AVE STE 250
    MADISON,WI53703     		N/A PC GENERAL SUPPORT 10,000
    DOYENNE GROUP
    821 E WASHINGTON AVE SUITE 200-D
    MADISON,WI53703     		N/A PC GENERAL SUPPORT 10,000
    EASTER SEALS WISCONSIN
    8001 EXCELSIOR DR 200
    MADISON,WI53717     		N/A PC GENERAL SUPPORT 500
    ENERGY SERVICE INC
    1225 S PARK ST
    MADISON,WI537152101     		N/A PC COMMUNITY EMERGENCY FUND 50,000
    FAIRSHARE CSA COALITION
    303 S PATERSON ST SUITE 1B
    MADISON,WI53703     		N/A PC GENERAL SUPPORT 1,250
    FORWARD BIOLABS
    504 S ROSA RD SUITE 200
    MADISON,WI53719     		N/A PC GENERAL SUPPORT 100,000
    FORWARD THEATER COMPANY
    PO BOX 14574
    MADISON,WI53708     		N/A PC GENERAL SUPPORT 10,000
    FOSTER
    655 W BADGER RD
    MADISON,WI53713     		N/A PC GENERAL SUPPORT 5,000
    FOUNDATION FOR BLACK WOMEN'S WELLNESS
    PO BOX 259831
    MADISON,WI53725     		N/A PC GENERAL SUPPORT 25,000
    FOUNDATION FOR MADISON'S PUBLIC SCHOOLS
    101 NOB HILL RD SUITE 300
    MADISON,WI53713     		N/A PC GENERAL SUPPORT 3,700
    FRIENDS OF THE MADISON ART COMMISSION
    4713 REGENT ST
    MADISON,WI53705     		N/A PC GENERAL SUPPORT 250
    FRIENDS OF CARS CURING KIDS INC
    935 UNIVERSITY BAY DRIVE
    MADISON,WI53705     		N/A PC GENERAL SUPPORT 1,000
    FRIENDS OF THE GOODMAN WAVES
    PO BOX 259914
    MADISON,WI537259914     		N/A PC GENERAL SUPPORT 500
    FRIENDS OF THE MONONA SENIOR CENTER
    1011 NICHOLS RD
    MONONA,WI53716     		N/A PC GENERAL SUPPORT 500
    FRIENDS OF WIL-MAR INC
    953 JENIFER ST
    MADISON,WI53703     		N/A PC GENERAL SUPPORT 2,500
    GSAFE
    122 E OLIN AVE
    MADISON,WI53713     		N/A PC GENERAL SUPPORT 2,500
    GATHERING WATERS
    211 S PATERSON ST 270
    MADISON,WI53703     		N/A PC GENERAL SUPPORT 5,000
    GIGIS PLAYHOUSE-MADISON
    4104 MONONA DR
    MADISON,WI53716     		N/A PC GENERAL SUPPORT 500
    GIRLS ON THE RUN OF SC WISCONSIN
    901 DEMING WAY 102
    MADISON,WI537171979     		N/A PC GENERAL SUPPORT 500
    GIRLS SCOUTS BADGERLAND COUNCIL
    2710 SKI LN
    MADISON,WI53713     		N/A PC GENERAL SUPPORT 2,000
    GOODMAN COMMUNITY CENTER
    149 WAUBESA ST
    MADISON,WI537045430     		N/A PC GENERAL SUPPORT 20,000
    GREAT PLAINS INSTITUTE
    2801 21ST AVE S 220
    MADISON,WI55407     		N/A PC GENERAL SUPPORT 15,000
    GREENBUSH HERITAGE FOUNDATION
    914 REGENT ST
    MADISON,WI537151247     		N/A PC GENERAL SUPPORT 500
    HANDEL ARIA COMPETITION INC
    PO BOX 5554
    MADISON,WI53705     		N/A PC GENERAL SUPPORT 500
    HOO'S WOODS RAPTOR CENTER
    PO BOX 21
    MILTON,WI53563     		N/A PC GENERAL SUPPORT 1,000
    JAZZ AT FIVE INC
    100 STATE ST
    MADISON,WI53703     		N/A PC GENERAL SUPPORT 5,000
    LITERACY NETWORK OF DANE COUNTY
    1118 S PARK ST
    MADISON,WI53715     		N/A PC GENERAL SUPPORT 2,000
    LUTHERAN SOCIAL SERVICES
    6314 ODANA RD A
    MADISON,WI53719     		N/A PC GENERAL SUPPORT 3,000
    MACCO
    23 ELLIS POTTER COURT
    MADISON,WI53711     		N/A PC GENERAL SUPPORT 5,000
    MADISON365
    PO BOX 842
    MADISON,WI53701     		N/A PC GENERAL SUPPORT 10,000
    MADISON AUDUBON SOCIETY INC
    1400 E WASHINGTON AVE STE 170
    MADISON,WI537033044     		N/A PC GENERAL SUPPORT 500
    MADISON BIKES INC
    PO BOX 260244
    MADISON,WI537260244     		N/A PC GENERAL SUPPORT 1,500
    MADISON COLLEGE FOUNDATION
    3591 ANDERSON ST SUITE 203A
    MADISON,WI53704     		N/A PC GENERAL SUPPORT 16,667
    MADISON COLLEGE FOUNDATION
    3591 ANDERSON ST SUITE 203A
    MADISON,WI53704     		N/A PC SCHOLARSHIPS 2,500
    MADISON FIRE FIGHTERS LOCAL 311
    821 WILLIAMSON ST
    MADISON,WI53703     		N/A PC GENERAL SUPPORT 500
    MADISON METROPOLITAN SCHOOL DISTRICT FOUNDATION
    545 W DAYTON ST
    MADISON,WI53703     		N/A PC GENERAL SUPPORT 100,000
    MADISON METROPOLITAN SEWERAGE DISTRICT
    1610 MOORLAND RD
    MADISON,WI537133398     		N/A GOV GENERAL SUPPORT 5,000
    MADISON MUSEUM OF CONTEMPORARY ART
    227 STATE ST
    MADISON,WI537032214     		N/A PC GENERAL SUPPORT 5,000
    MADISON OPERA INC
    335 W MIFFLIN ST
    MADISON,WI537032513     		N/A PC GENERAL SUPPORT 6,000
    MADISON PUBLIC LIBRARY FOUNDATION
    201 W MIFFLIN ST
    MADISON,WI537032511     		N/A PC GENERAL SUPPORT 5,000
    MADISON SYMPHONY ORCHESTRA
    222 W WASHINGTON AVE SUITE 460
    MADISON,WI53703     		N/A PC GENERAL SUPPORT 10,000
    MADISON YOUTH ARTS CENTER
    160 WESTGATE MALL NO1
    MADISON,WI537111063     		N/A PC GENERAL SUPPORT 50,000
    MADISON YOUTH CHOIRS
    160 WESTGATE MALL NO1
    MADISON,WI537111063     		N/A PC GENERAL SUPPORT 1,000
    MAKE A WISH OF WISCONSIN
    11020 WEST PLANK COURT STE 200
    WAUWATOSA,WI53226     		N/A PC GENERAL SUPPORT 500
    MARCH OF DIMES FOUNDATION
    1275 MAMARONECK AVENUE
    WHITE PLAINS,NY10605     		N/A PC GENERAL SUPPORT 2,000
    MARQUETTE-LAPHAM PTG
    1501 JENIFER ST
    MADISON,WI537033770     		N/A PC GENERAL SUPPORT 500
    MARQUETTE NEIGHBORHOOD ASSOCIATION
    1104 JENIFER ST
    MADISON,WI53703     		N/A PC GENERAL SUPPORT 2,000
    MAYDM
    802 S GAMMON RD APT 4
    MADISON,WI537191300     		N/A PC GENERAL SUPPORT 7,500
    MIDDLETON OUTREACH MINISTRY
    3502 PARMENTER ST
    MIDDLETON,WI53562     		N/A PC GENERAL SUPPORT 1,000
    MIDVALE-LINCOLN PARENT TEACHER ORGANIZATION
    502 CAROMAR DR
    MADISON,WI53711     		N/A PC GENERAL SUPPORT 1,000
    MONONA GROVE EDUCATION FOUNDATION
    5700 WINNEQUAH RD
    MONONA,WI53716     		N/A PC GENERAL SUPPORT 500
    MOSES-WISDOM OF MADISON
    3195 S SUPERIOR ST STE310
    MILWAUKEE,WI53207     		N/A PC GENERAL SUPPORT 2,500
    NATIONAL ALLIANCE FOR MENTAL ILLNESS
    2059 ATWOOD AVE
    MADISON,WI53704     		N/A PC GENERAL SUPPORT 1,500
    NATIONAL MUSTARD MUSEUM INC
    7477 HUBBARD AVE
    MIDDLETON,WI53562     		N/A PC GENERAL SUPPORT 500
    NATURAL RESOURCES FOUNDATION
    PO BOX 2317
    MADISON,WI537012317     		N/A PC GENERAL SUPPORT 1,000
    NELSON INSTITUTE FOR ENVIRONMENTAL STUDIES
    550 N PARK ST
    MADISON,WI53706     		N/A PC GENERAL SUPPORT 5,000
    NEWBRIDGE INC
    128 E OLIN AVE STE110
    MADISON,WI53713     		N/A PC GENERAL SUPPORT 5,000
    NOLEN WATERFRONT
    122 W WASHINGTON AVE STE 250
    MADISON,WI537032732     		N/A PC GENERAL SUPPORT 12,500
    OCCUPAWS GUIDE DOG ASSOCIATION
    PO BOX 45857
    MADISON,WI53744     		N/A PC GENERAL SUPPORT 500
    OMEGA SCHOOL INC
    835 W BADGER RD
    MADISON,WI537132545     		N/A PC GENERAL SUPPORT 20,000
    OUTREACH INC
    2701 INTERNATIONAL LN 101
    MADISON,WI53704     		N/A PC GENERAL SUPPORT 7,500
    OVERTURE CENTER FOR THE ARTS
    201 STATE ST
    MADISON,WI53704     		N/A PC KIDS IN THE ROTUNDA 50,000
    PORCHLIGHT
    306 N BROOKS ST
    MADISON,WI53715     		N/A PC GENERAL SUPPORT 10,000
    PRAIRIE DU CHIEN HISTORICAL SOCIETY
    PO BOX 298
    PRAIRIE DU CHIEN,WI538210298     		N/A PC GENERAL SUPPORT 2,500
    PRESCHOOL OF THE ARTS
    11 SCIENCE CT
    MADISON,WI537111055     		N/A PC GENERAL SUPPORT 500
    RAPE CRISIS CENTER
    2801 COHO ST 301
    MADISON,WI53713     		N/A PC GENERAL SUPPORT 500
    REAP FOOD GROUP
    306 E WILSON ST SUITE 2E
    MADISON,WI53703     		N/A PC GENERAL SUPPORT 5,000
    RISE WISCONSIN INC
    1334 DEWEY CT
    MADISON,WI537033019     		N/A PC GENERAL SUPPORT 20,000
    RONALD MCDONALD HOUSE CHARITIES OF MADISON
    2716 MARSHALL COURT
    MADISON,WI53705     		N/A PC GENERAL SUPPORT 3,500
    RSVP OF DANE COUNTY
    6501 WATTS RD STE 250
    MADISON,WI537191397     		N/A PC GENERAL SUPPORT 5,000
    THE ROAD HOME OF DANE COUNTY
    128 E OLIN AVE SUITE 202
    MADISON,WI53713     		N/A PC GENERAL SUPPORT 5,000
    THRIVE FOUNDATION INC
    455 SCIENCE DR
    MADISON,WI537111067     		N/A PC GENERAL SUPPORT 2,500
    SAFE HARBOR CHILD ADVOCACY CENTER
    1457 E WASHINGTON AVE STE 102
    MADISON,WI537033047     		N/A PC GENERAL SUPPORT 5,000
    SALVATION ARMY
    10 W ALGONQUIN ROAD
    DES PLAINS,IL60016     		N/A PC GENERAL SUPPORT 1,000
    SECOND HARVEST FOODBANK
    2802 DAIRY DR
    MADISON,WI53718     		N/A PC GENERAL SUPPORT 50,000
    SERVICE CORPS OF RETIRED EXECUTIVES ASSOCIATION
    1175 HERNDON PKWY STE 900
    HERNDON,VA201705532     		N/A PC GENERAL SUPPORT 500
    SEVENTH GENERATION INTERFAITH INC
    1015 NORTH 9TH ST
    MILWAUKEE,WI53233     		N/A PC GENERAL SUPPORT 2,000
    SIMPSON STREET FREE PRESS
    PO BOX 6307
    MONONA,WI537160307     		N/A PC GENERAL SUPPORT 6,000
    SPECIAL OLYMPICS WISCONSIN
    2310 CROSSROADS DRIVE SUITE 1000
    MADISON,WI53718     		N/A PC GENERAL SUPPORT 500
    SPIRIT OF GREATER MADISON
    22 E MIFFLIN ST STE200
    MADISON,WI53703     		N/A PC GENERAL SUPPORT 5,000
    ST VINCENT DE PAUL
    4714 SCHOOL RD
    MADISON,WI537041318     		N/A PC GENERAL SUPPORT 1,500
    TELLURIAN INC
    300 FEMRITE DR
    MONONA,WI537163716     		N/A PC GENERAL SUPPORT 5,500
    THE ARC-DANE COUNTY INC
    6602 GRANT TETON PLAZA
    MADISON,WI53719     		N/A PC GENERAL SUPPORT 500
    TRI 4 SCHOOLS
    937 JENNA DR
    VERONA,WI53593     		N/A PC GENERAL SUPPORT 1,000
    TSWV NPLOOG THOJ FAMILY INC
    303 MANLEY LN
    COTTAGE GROVE,WI535278119     		N/A PC GENERAL SUPPORT 1,000
    UNIDOS AGAINST DOMESTIC VIOLENCE
    810 W BADGER RD
    MADISON,WI53713     		N/A PC GENERAL SUPPORT 7,500
    UNIFORM LAW COMMISSION
    111 N WABASH STE1010
    CHICAGO,IL606021917     		N/A PC GENERAL SUPPORT 5,000
    UNITED WAY OF DANE COUNTY
    PO BOX 7548
    MADISON,WI53704     		N/A PC GENERAL SUPPORT 192,000
    UNITED WAY OF DANE COUNTY
    PO BOX 7548
    MADISON,WI53704     		N/A PC LOANED EXECUTIVE 12,000
    UNITED WAY OF DANE COUNTY
    PO BOX 7548
    MADISON,WI53704     		N/A PC COMMUNITY EMERGENCY FUND 50,000
    UNIVERSITY OF WISCONSIN FOUNDATION
    1220 LINDEN DR
    MADISON,WI53706     		N/A PC GENERAL SUPPORT 10,000
    URBAN LEAGUE OF GREATER MADISON
    2222 S PARK ST SUITE 200
    MADISON,WI53713     		N/A PC GENERAL SUPPORT 20,500
    URBAN TRIAGE
    2210 NORTH RUSK AVE
    MADISON,WI53713     		N/A PC GENERAL SUPPORT 5,000
    URBAN TREE ALLIANCE
    5313 SHAW CT
    MADISON,WI537052743     		N/A PC GENERAL SUPPORT 1,000
    UW FOUNDATION
    600 HIGHLAND AVE K4/646
    MADISON,WI537626164     		N/A PC GENERAL SUPPORT 1,000
    UW-MADISON ARTS INSTITUTE
    326 LATHROP HALL 1050 UNIVERSITY
    AVE
    MADISON,WI537061304     		N/A PC GENERAL SUPPORT 1,000
    UW-SYSTEM ADMINISTRATION
    600 HIGHLAND AVE K4/646
    MADISON,WI537626164     		N/A GOV GENERAL SUPPORT 1,000
    VERA COURT NEIGHBORHOOD CENTER
    1917 LAKE POINT DR
    MADISON,WI53713     		N/A PC GENERAL SUPPORT 10,000
    WISCONSIN ACADEMY FOR GRADUATE SERVICE DOGS
    1337 GREENWAY CROSS STE157
    MADISON,WI537133225     		N/A PC GENERAL SUPPORT 500
    WISCONSIN ACADEMY OF SCIENCES ARTS & LETTERS
    1922 UNIVERSITY AVE
    MADISON,WI53705     		N/A PC GENERAL SUPPORT 2,500
    WISCONSIN ALUMNI RESEARCH FOUNDATION
    614 WALNUT ST
    MADISON,WI537262336     		N/A PC GENERAL SUPPORT 1,000
    WISCONSIN EARLY CHILDHOOD ASSOCIATION
    310 LANGDON ST STE227
    MADISON,WI53706     		N/A PC GENERAL SUPPORT 5,000
    WISCONSIN ESGR
    4611 16TH ST S
    WISCONSIN RAPIDS,WI544944209     		N/A PC GENERAL SUPPORT 250
    WISCONSIN WOMEN IN GOVERNMENT
    PO BOX 2543
    MADISON,WI53701     		N/A PC GENERAL SUPPORT 1,350
    WISCONSIN YOUTH SYMPHONY ORCHESTRAS
    606 STATE ST
    MADISON,WI53703     		N/A PC GENERAL SUPPORT 10,000
    YWCA MADISON
    101 E MIFFLIN ST
    MADISON,WI53703     		N/A PC GENERAL SUPPORT 20,000
    ZONTA CLUB
    PO BOX 14603
    MADISON,WI537080603     		N/A PC GENERAL SUPPORT 1,000
    Total .................................bullet 3a 1,396,707
    bApproved for future payment
    Total .................................bullet 3b 0
    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
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 2,323  
    4 Dividends and interest from securities....     14 619,099  
    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 ............     		    14 362,227  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aTAX REFUND     		    01 36,444  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,020,093 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,020,093
    (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
    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

    TY 2020 AccountingFeesSchedule
    Name:
    MADISON GAS AND ELECTRIC FOUNDATION
     
    INC
    EIN:
    39-6098118
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 9,848 4,924   4,924

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    MADISON GAS AND ELECTRIC FOUNDATION
     
    INC
    EIN:
    39-6098118
    Name of Bond End of Year Book Value End of Year Fair Market Value
    COMMONFUND-MULTI-STRATEGY BOND FUND 8,932,274 8,932,274

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    MADISON GAS AND ELECTRIC FOUNDATION
     
    INC
    EIN:
    39-6098118
    Name of Stock End of Year Book Value End of Year Fair Market Value
    MGE ENERGY INC. 1,260,540 1,260,540
    COMMONFUND-MULTI-STRATEGY EQUITY FUND 24,115,798 24,115,798

    TY 2020 LegalFeesSchedule
    Name:
    MADISON GAS AND ELECTRIC FOUNDATION
     
    INC
    EIN:
    39-6098118
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 15,590 0   15,590


    TY 2020 OtherAssetsSchedule
    Name:
    MADISON GAS AND ELECTRIC FOUNDATION
     
    INC
    EIN:
    39-6098118
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DANE WORKFORCE HOUSING FUND   274,873 271,217


    TY 2020 OtherExpensesSchedule
    Name:
    MADISON GAS AND ELECTRIC FOUNDATION
     
    INC
    EIN:
    39-6098118
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSES 217 0   217


    TY 2020 OtherIncomeSchedule2
    Name:
    MADISON GAS AND ELECTRIC FOUNDATION
     
    INC
    EIN:
    39-6098118
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    CFI MULTI-STRATEGY BOND FUND, K-1   181,498  
    CFI MULTI-STRATEGY EQUITY FUND, K-1   714,736  
    TAX REFUND 36,444   36,444


    TY 2020 OtherIncreasesSchedule
    Name:
    MADISON GAS AND ELECTRIC FOUNDATION
     
    INC
    EIN:
    39-6098118
    Description Amount
    NET UNREALIZED GAINS ON INVESTMENTS 2,156,654


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    MADISON GAS AND ELECTRIC FOUNDATION
     
    INC
    EIN:
    39-6098118
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 81,934 81,934   0
    MANAGEMENT FEES 24,664 2,466   22,198