Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
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 right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$41,162,110J 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) 1,500,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 25,360 25,360  
4 Dividends and interest from securities... 635,036 547,790  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -14,405
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
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
List of Attached Documents:
// Content
696,168 52,391  
12 Total. Add lines 1 through 11........ 2,842,159 625,541  
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).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
10,850 4,225   6,625
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
141,428 103,478   37,950
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
165,478 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 13,339 0   0
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
283 0   283
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 331,378 107,703   44,858
25 Contributions, gifts, grants paid....... 1,555,161 1,555,161
26 Total expenses and disbursements. Add lines 24 and 25 1,886,539 107,703   1,600,019
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 955,620
b Net investment income (if negative, enter -0-) 517,838
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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............. 51,297 20,771 20,771
2 Savings and temporary cash investments......... 89,287 616,187 616,187
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow1,500,000
Less: allowance for doubtful accounts right arrow   2,000,000 1,500,000 1,500,000
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) right arrow  
Less: allowance for doubtful accounts right arrow        
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)....... 23,255,087 Click to see attachment
List of Attached Documents:
// Content
28,497,060 		28,497,060
c Investments—corporate bonds (attach schedule)....... 9,275,178 Click to see attachment
List of Attached Documents:
// Content
9,619,584 		9,619,584
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
666,181 		Click to see attachment
List of Attached Documents:
// Content
930,145 		Click to see attachment
List of Attached Documents:
// Content
908,508
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 35,337,030 41,183,747 41,162,110
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................   180,822
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 right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 180,822
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 33,337,030 39,502,925
25 Net assets with donor restrictions............ 2,000,000 1,500,000
Foundations that do not follow FASB ASC 958, check here right arrow
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)..... 35,337,030 41,002,925
30 Total liabilities and net assets/fund balances (see instructions). 35,337,030 41,183,747
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
35,337,030
2
Enter amount from Part I, line 27a .....................
2
955,620
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
4,710,275
4
Add lines 1, 2, and 3 ..........................
4
41,002,925
5
Decreases not included in line 2 (itemize) right arrow
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
41,002,925
Form 990-PF (2023)
Form 990-PF (2023)
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 K-1 CFI MULTI-STRATEGY BOND FUND P    
b K-1 CFI MULTI-STRATEGY EQUITY FUND P    
c K-1 DANE WORKFORCE HOUSING FUND P    
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     15,753 -15,753
b     189,796 -189,796
c     14,405 -14,405
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       -15,753
b       -189,796
c       -14,405
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 -219,954
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
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 right arrow 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) 1 7,198
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 7,198
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 7,198
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 108,696
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.............. 7 108,696
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.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 101,498
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow20,000 Refundedright arrow 11 81,498
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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:
round bullet By language in the governing instrument, or
round bullet 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 XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowWI
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 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. Click to see attachment
List of Attached Documents:
// Content
...............................
10
Yes
 
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 addressright arrowN/A
14
The books are in care ofright arrowNIKKI BUSKE Telephone no.right arrow (608) 252-7070

Located atright arrow133 S BLAIR STMADISONWI ZIP+4right arrow537880001
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, 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 right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-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? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(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)? ......................
1a(5)
 
No
(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.) ...............
1a(6)
 
No
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
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
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 2023? .............
1d
 
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-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))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
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
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
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? .................
5d
 
 
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? .............................
6a
 
No
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?
7a
 
No
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? .........................
8
 
No
Part VII
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
CARI ANNE RENLUND SECRETARY
1.00 		0 0 0
133 S BLAIR ST
MADISON,WI537880001
TAMARA JOHNSON VICE PRESIDENT AND TREASURER
1.00 		0 0 0
133 S BLAIR ST
MADISON,WI537880001
JARED BUSHEK 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
LYNN K HOBBIE DIRECTOR
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...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
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 96,847
15 OLD DANBURY ROAD PO BOX 812
WILTON,CT068970812
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-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. 199 GRANTS WERE AWARDED DURING 2023. 1,568,500
2  
3  
4  
Part VIII-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 STARTING IN 2020. 69,198
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow69,198
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
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
35,942,888
b
Average of monthly cash balances.......................
1b
799,933
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
36,742,821
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
36,742,821
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
551,142
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
36,191,679
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,809,584
Part X
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 IX, line 6..................
1
1,809,584
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
7,198
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
7,198
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,802,386
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,802,386
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 XII, line 1 ...
7
1,802,386
Part XI
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
1,600,019
b
Program-related investments—total from Part VIII-B..................
1b
69,198
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 XII, line 4. .......
4
1,669,217
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 1,802,386
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019...... 134,248
c From 2020...... 159,518
d From 2021......  
e From 2022...... 505,716
f Total of lines 3a through e ........ 799,482
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,669,217
a Applied to 2022, 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 2023 distributable amount..... 1,669,217
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 133,169 133,169
(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 5 666,313
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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		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 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		666,313
10 Analysis of line 9:
a Excess from 2019.... 1,079
b Excess from 2020.... 159,518
c Excess from 2021....  
d Excess from 2022.... 505,716
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-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 2023, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
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 IX, 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 XIV
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 right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
KIM LEE
PO BOX 1231
MADISON,WI537011231
(608) 252-5666
FOUNDATION@MGE.COM
bThe form in which applications should be submitted and information and materials they should include:
COMPLETE THE APPLICATION FOR FUNDING 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 (2023)
Form 990-PF (2023)
Page 11
Part XIV
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 3,000

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 750

AFFORDABLE DENTAL CARE

850 ELM GROVE RD
ELM GROVE,WI531222527 		N/A PC GENERAL SUPPORT 2,000

AFRICAN ASSOCIATION OF MADISON INC

PO BOX 1016
MADISON,WI537011016 		N/A PC GENERAL SUPPORT 7,500

AGRACE HOSPICECARE

5395 E CHERYL PKWY
FITCHBURG,WI537115395 		N/A PC GENERAL SUPPORT 1,000

ALDO LEOPOLD NATURE CENTER

330 FEMRITE DR
MADISON,WI53716 		N/A PC GENERAL SUPPORT 15,000

ALS AMYOTROPHIC LATERAL SCLEROSIS

3333 N MAYFAIR RD SUITE 104
WAUWATOSA,WI53222 		N/A PC GENERAL SUPPORT 500

AMERICAN CANCER SOCIETY

725 HEARLAND TRAIL UNIT 301
MADISON,WI53717 		N/A PC GENERAL SUPPORT 5,000

AMERICAN HEART ASSOCIATION

2850 DAIRY DR SUITE 300
MADISON,WI53718 		N/A PC $5,000 TO SPONSOR THE MADISON GO RED FOR WOMEN EVENT AND $7,500 IN GENERAL SUPPORT 12,500

AMERICAN PLAYERS THEATRE

PO BOX 819
SPRING GREEN,WI535880819 		N/A PC GENERAL SUPPORT 10,000

AMERICAN RED CROSS

431 18TH STREET NW
WASHINGTON,DC200065009 		N/A PC GENERAL SUPPORT 500

ASSET BUILDERS OF AMERICA INC

1213 N SHERMAN AVE PMB 195
MADISON,WI537040000 		N/A PC GENERAL SUPPORT 1,500

ASSOCIATION OF FUNDRAISING PROFESSIONALS

4300 WILSON BLVD STE 300
ARLINGTON,VA222034179 		N/A PC GENERAL SUPPORT 2,500

BACH AROUND THE CLOCK INC

BACHCLOCKCOM
MADISON,WI53626 		N/A PC GENERAL SUPPORT 500

BACH DANCING & DYNAMITE SOCIETY

PO BOX 2348
MADISON,WI53701 		N/A PC GENERAL SUPPORT 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

BAYVIEW FOUNDATION INC

601 BAY VIEW
MADISON,WI537151482 		N/A PC GENERAL SUPPORT 25,000

BENEDICTINE LIFE FDN OF WI INC

4200 CO HWY M
MIDDLETON,WI53562 		N/A PC GENERAL SUPPORT 7,000

BICYCLE FEDERATION OF WISCONSIN EDUCATIONAL FOUNDATION INC

409 E MAIN ST SUITE 203
MADISON,WI53703 		N/A PC GENERAL SUPPORT 5,000

BIG BROTHERS BIG SISTERS OF DANE COUNTY

2059 ATWOOD AVE 2
MADISON,WI53704 		N/A PC GENERAL SUPPORT 2,500

BLACK GIRL MAGIC INC

101 NOB HILL RD RM 300
MADISON,WI537133969 		N/A PC GENERAL SUPPORT 2,000

BOX OF BALLOONS

PO BOX 28
SUN PRAIRIE,WI53590 		N/A PC GENERAL SUPPORT 500

BOYS AND GIRLS CLUB OF DANE COUNTY

1818 W BELTLINE HWY
MADISON,WI53713 		N/A PC $50,000 TO SUPPORT THE MCKENZIE REGIONAL WORKFORCE CENTER AND $2,500 IN GENERAL SUPPORT 52,500

BOYS AND GIRLS CLUB OF DANE COUNTY

1818 W BELTLINE HWY
MADISON,WI53713 		N/A PC SUPPORT HIGH SCHOOL INTERNS 3,000

BRAILLE LIBRARY AND TRANSCRIBING SERVICES INC

517 N SEGOE RD
MADISON,WI537053172 		N/A PC GENERAL SUPPORT 500

BRAT FEST INC

1919 ALLIANT ENERGY CENTER WAY
MADISON,WI53713 		N/A PC GENERAL SUPPORT 7,500

BRIARPATCH YOUTH SERVICES INC

2720 RIMROCK RD
MADISON,WI537133337 		N/A PC GENERAL SUPPORT 1,000

BSP FREE CLINIC

2711 ALLEN BLVD SUITE B4
MIDDLETON,WI53716 		N/A PC GENERAL SUPPORT 1,000

CAIRASU ALZHEIMERS AND DEMENTIA CENTER INC

403 W WASHINGTON AVE
MADISON,WI537032703 		N/A PC GENERAL SUPPORT 1,500

CANOPY CENTER

PO BOX 1231
MADISON,WI537011231 		N/A PC GENERAL SUPPORT 1,000

CAPITAL SCIENCE AND ENGINEERING FAIR

460 HENRY MALL
MADISON,WI53706 		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

CATHOLIC MULTICULTURAL CENTER

1862 BELD ST
MADISON,WI53713 		N/A PC GENERAL SUPPORT 500

CENTER FOR BLACK EXCELLENCE AND CULTURE

655 W BADGER RD
MADISON,WI53713 		N/A PC GENERAL SUPPORT 50,000

CENTER FOR COMMUNITY STEWARDSHIP

354 W MAIN ST
MADISON,WI53703 		N/A PC GENERAL SUPPORT 9,250

CENTRO HISPANO OF DANE COUNTY

810 W BADGER RD
MADISON,WI53713 		N/A PC GENERAL SUPPORT 75,000

CENTRO HISPANO OF DANE COUNTY

810 W BADGER RD
MADISON,WI53713 		N/A PC SUPPORT HIGH SCHOOL INTERNS 4,550

CEOS OF TOMORROW INC

2702 INTERNATIONAL LANE SUITE 112
MADISON,WI53704 		N/A PC GENERAL SUPPORT 1,000

CITY OF MADISON

210 MARTIN LUTHER KING JR BLVD
MADISON,WI53703 		N/A GOV $8,500 TO SUPPORT "THE RIGHT TREE IN THE RIGHT PLACE" PROJECT AND $40,000 TO SUPPORT THE DAIRY DRIVE URBAN CAMPGROUND 48,500

CLEAN LAKES ALLIANCE

150 E GILMAN ST 2600
MADISON,WI53703 		N/A PC GENERAL SUPPORT 22,801

CLEAN WISCONSIN

634 W MAIN ST 300
MADISON,WI537032687 		N/A PC GENERAL SUPPORT 5,000

CLIMB USA INC

6666 ODANA ROAD
MADISON,WI53719 		N/A PC GENERAL SUPPORT 1,000

COLUMBUS SCHOOL DISTRICT

200 W SCHOOL STREET
COLUMBUS,WI53925 		N/A GOV GENERAL SUPPORT 750

COMMUNITY SUPPORT NETWORK INC

1191 N SHERMAN AVE
MADISON,WI53704 		N/A PC GENERAL SUPPORT 1,000

COULEECAP INC

201 MELBY STREET
WESTBY,WI54667 		N/A PC GENERAL SUPPORT 2,000

CREATE WISCONSIN

PO BOX 1054
MADISON,WI537011054 		N/A PC GENERAL SUPPORT 1,500

DAMA INC

5004 ALLIS AVENUE
MADISON,WI53716 		N/A PC GENERAL SUPPORT 3,500

DANE BUY LOCAL FOUNDATION

6300 ENTERPRISE LN
MADISON,WI53719 		N/A PC GENERAL SUPPORT 3,000

DANE DANCES

PO BOX 1672
MADISON,WI53701 		N/A PC GENERAL SUPPORT 5,000

DEAR DIARY INC

2921 LANDMARK PL SUITE 215
MADISON,WI53713 		N/A PC GENERAL SUPPORT 500

DEFOREST AREA GRIDIRON CLUB

PO BOX 182
DEFOREST,WI53532 		N/A PC GENERAL SUPPORT 500

DESTINATION MADISON FOUNDATION INC

22 E MIFFLIN ST SUITE 200
MADISON,WI53703 		N/A PC SPONSOR THE "THIS IS 50: A CELEBRATION OF OUR DESTINATION" EVENT 14,850

DISTRICT COUNCIL OF MADISON

PO BOX 259686
MADISON,WI53725 		N/A GOV GENERAL SUPPORT 1,500

DOWNTOWN MADISON PARTNERS INC

122 W WASHINGTON AVE STE 250
MADISON,WI537032732 		N/A PC GENERAL SUPPORT 20,000

DOYENNE GROUP INC

4915 MONONA DR STE 304
MONONA,WI53716 		N/A PC GENERAL SUPPORT 10,000

EAST MADISON LITTLE LEAGUE

PO BOX 7053
MADISON,WI53707 		N/A PC GENERAL SUPPORT 500

EASTER SEALS WISCONSIN

8001 EXCELSIOR DR 200
MADISON,WI53717 		N/A PC GENERAL SUPPORT 500

EASTMORLAND COMMUNITY CENTER LTD

PO BOX 14584
MADISON,WI53708 		N/A PC GENERAL SUPPORT 500

END TIMES MINISTRIES

10133 SHERRILL BLVD STE 120
KNOXVILLE,TN37932 		N/A PC GENERAL SUPPORT 1,000

FAIRSHARE CSA COALITION

303 S PATERSON ST SUITE 1B
MADISON,WI53703 		N/A PC GENERAL SUPPORT 1,000

FITCHBURG SERENITY CLUB INC

6048 MCKEE RD
FITCHBURG,WI53711 		N/A PC GENERAL SUPPORT 5,000

FORWARD THEATER COMPANY

PO BOX 14574
MADISON,WI53708 		N/A PC GENERAL SUPPORT 25,000

FOSTER OF DANE COUNTY

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 DANE COUNTY PARKS

5201 FEN OAK DR 208
MADISON,WI53718 		N/A PC GENERAL SUPPORT 1,000

FOUR LAKES TRADITIONAL MUSIC COLLECTIVE INC

PO BOX 14020
MADISON,WI53708 		N/A PC GENERAL SUPPORT 3,000

FRIENDS OF SAN DAMIANO INC

4123 MONONA DR
MONONA,WI53716 		N/A PC GENERAL SUPPORT 2,500

FRIENDS OF SCHUMACHER FARM INC

5682 HWY 19
WAUNAKEE,WI53597 		N/A PC GENERAL SUPPORT 500

FRIENDS OF THE MADISON ART COMMISSION

4713 REGENT ST
MADISON,WI53705 		N/A PC GENERAL SUPPORT 5,000

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 4,000

GATHERING WATERS

211 S PATERSON ST 270
MADISON,WI53703 		N/A PC GENERAL SUPPORT 7,500

GIRLS ON THE RUN OF SC WISCONSIN

901 DEMING WAY SUITE 11
MADISON,WI53717 		N/A PC GENERAL SUPPORT 500

GOODMAN COMMUNITY CENTER

214 WAUBESA ST
MADISON,WI53704 		N/A PC $10,000 TO SUPPORT THE LIVING WAGE CAMPAIGN AND $5,000 TO SUPPORT THE BE THE GOOD CAMPAIGN 15,000

GREENBUSH HERITAGE FOUNDATION

914 REGENT ST
MADISON,WI537151247 		N/A PC GENERAL SUPPORT 500

GROUNDSWELL CONSERVANCY

303 S PATERSON ST STE 6
MADISON,WI537034534 		N/A PC GENERAL SUPPORT 1,000

HABITAT FOR HUMANITY

3101 LATHAM DR
MADISON,WI53713 		N/A PC SUPPORT THE UNDER ONE ROOF CAMPAIGN 20,000

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

ICE INC

PO BOX 930367
VERONA,WI53593 		N/A PC GENERAL SUPPORT 25,000

INFAMOUS MOTHERSCATALYST PROJECT

4207 CLAIRE STREET
MADISON,WI53716 		N/A PC GENERAL SUPPORT 5,000

JAZZ AT FIVE INC

100 STATE ST
MADISON,WI53703 		N/A PC GENERAL SUPPORT 5,000

KIVA GREATER MADISON

1533 N RIVERCENTER DR
MILWAUKEE,WI53212 		N/A PC SUPPORT THE WI WOMENS BUSINESS INITIATIVE 15,000

KUJICHAGULIA - MCSD

PO BOX 259806
MADISON,WI537259806 		N/A PC GENERAL SUPPORT 5,000

LATINO ACADEMY OF WORKFORCE DEVELOPMENT INC

2909 LANDMARK PLACE SUITE 203
MADISON,WI53713 		N/A PC GENERAL SUPPORT 5,000

LATINO PROFESSIONAL ASSOCIATION

PO BOX 259925
MADISON,WI53725 		N/A PC GENERAL SUPPORT 2,500

LITERACY NETWORK OF DANE COUNTY

1118 S PARK ST
MADISON,WI53715 		N/A PC GENERAL SUPPORT 5,000

LITTLE LEAGUE BASEBALL INC

PO BOX 44063
MADISON,WI53744 		N/A PC GENERAL SUPPORT 1,000

LOV INC

504 SOUTH BREARLY STREET
MADISON,WI53703 		N/A PC GENERAL SUPPORT 500

LUNART

862 SKY RIDGE DR
MADISON,WI53719 		N/A PC GENERAL SUPPORT 500

LUPUS FOUNDATION OF AMERICA - WI CHAPTER

2600 N MAYFAIR ROAD SUITE 320
MILWAUKEE,WI53226 		N/A PC GENERAL SUPPORT 250

MADISON AREA CLT CORPORATION

902 ROYSTER OAKS DR 105
MADISON,WI53714 		N/A PC GENERAL SUPPORT 5,000

MADISON AREA CRIME STOPPERS

PO BOX 964
MADISON,WI537010964 		N/A PC GENERAL SUPPORT 500

MADISON AREA REHABILITATION CENTERS INC

901 POST RD
MADISON,WI53713 		N/A PC GENERAL SUPPORT 250

MADISON AREA TECHNICAL COLLEGE FOUNDATION

3591 ANDERSON STREET SUITE 203A
MADISON,WI53704 		N/A PC GENERAL SUPPORT 500

MADISON AREA URBAN MINISTRY

2115 S PARK ST
MADISON,WI53713 		N/A PC GENERAL SUPPORT 1,000

MADISON BALLET INC

6734 ODANA RD
MADISON,WI53719 		N/A PC GENERAL SUPPORT 2,500

MADISON BIKES INC

PO BOX 260244
MADISON,WI537260244 		N/A PC GENERAL SUPPORT 1,500

MADISON CHILDREN'S MUSEUM

100 N HAMILTON ST
MADISON,WI537032116 		N/A PC SUPPORT THE NICE AGE TRAIL EXHIBIT 20,000

MADISON COLLEGE FOUNDATION

3591 ANDERSON ST SUITE 203A
MADISON,WI53704 		N/A PC SUPPORT SCHOLARSHIPS 2,500

MADISON FIREFIGHTERS LOCAL 311

33 NOB HILL RD
MADISON,WI53713 		N/A PC GENERAL SUPPORT 1,000

MADISON ICE INC

2 E MIFFLIN ST STE 200
MADISON,WI53703 		N/A PC GENERAL SUPPORT 500

MADISON METRO YOUTH GOLF INITIATIVE INC

2819 ROYAL AVE
MADISON,WI53713 		N/A PC GENERAL SUPPORT 1,000

MADISON METROPOLITAN SEWERAGE DISTRICT

1610 MOORLAND RD
MADISON,WI537133398 		N/A GOV GENERAL SUPPORT 5,000

MADISON OPERA INC

335 W MIFFLIN ST
MADISON,WI537032513 		N/A PC GENERAL SUPPORT 6,000

MADISON PARKS FOUNDATION

1402 WINGRA CREEK PKWY
MADISON,WI53715 		N/A PC GENERAL SUPPORT 5,000

MADISON PUBLIC ART PROJECT INC

34 W 139TH ST APT 2S
NY,NY100371510 		N/A PC GENERAL SUPPORT 1,000

MADISON PUBLIC LIBRARY FOUNDATION

201 W MIFFLIN ST
MADISON,WI537032511 		N/A PC GENERAL SUPPORT 5,000

MADISON PUBLIC MARKET FOUNDATION INC

PO BOX 260026
MADISON,WI53726 		N/A PC GENERAL SUPPORT 25,000

MADISON PUBLIC SCHOOLS FOUNDATION

101 NOB HILL RD SUITE 300
MADISON,WI53713 		N/A PC GENERAL SUPPORT 25,000

MADISON READING PROJECT

101 AGNES COURT
MOUNT HOREB,WI53572 		N/A PC GENERAL SUPPORT 1,000

MADISON ROTARY FOUNDATION

2 S CARROLL ST STE 255
MADISON,WI53703 		N/A PC GENERAL SUPPORT 2,500

MADISON365

PO BOX 842
MADISON,WI53701 		N/A PC GENERAL SUPPORT 12,000

MAGNET INC

PO BOX 71
MADISON,WI53701 		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 1,000

MAKE MUSIC MADISON

PO BOX 5311
MADISON,WI537055311 		N/A PC GENERAL SUPPORT 1,500

MARK OSIECKI'S CASTING FOR KIDS INC

PO BOX 1528
MADISON,WI537011528 		N/A PC GENERAL SUPPORT 2,500

MARQUETTE NEIGHBORHOOD ASSOCIATION

1104 JENIFER ST
MADISON,WI53703 		N/A PC GENERAL SUPPORT 2,000

MARTIN LUTHER KING JR COALITION

2222 S PARK ST SUITE 200
MADISON,WI53713 		N/A PC GENERAL SUPPORT 1,500

MATT KOLBE MEMORIAL FOUNDATION INC

N4003 RIVERVIEW HEIGHTS CT
CHILTON,WI53014 		N/A PC GENERAL SUPPORT 1,000

MAYDM

802 S GAMMON RD APT 4
MADISON,WI537191300 		N/A PC GENERAL SUPPORT 10,500

MIDDLETON GATORS SWIM AND DIVE INC

PO BOX 628183
MIDDLETON,WI53562 		N/A PC GENERAL SUPPORT 500

MIDDLETON HOCKEY RED LINE CLUB

4283 BLACKSTONE CT
MIDDLETON,WI53562 		N/A PC GENERAL SUPPORT 500

MIDDLETON VFW POST# 8216

6710 CENTURY AVE
MIDDLETON,WI53562 		N/A PC GENERAL SUPPORT 200

MONONA COMMUNITY FESTIVAL

16 N CARROL ST STE 530
MADISON,WI53703 		N/A PC GENERAL SUPPORT 500

MONONA TERRACE COMMUNITY PROGRAMS INC

ONE JOHN NOLEN DRIVE
MADISON,WI53703 		N/A PC GENERAL SUPPORT 5,000

MONROE STREET ARTS CENTER

1732 WEST LAWN AVE
MADISON,WI53711 		N/A PC GENERAL SUPPORT 500

MOSES-WISDOM OF MADISON

PO BOX 7031
MADISON,WI53707 		N/A PC GENERAL SUPPORT 1,000

NAACP DANE COUNTY 36AB

PO BOX 44366
MADISON,WI53744 		N/A PC GENERAL SUPPORT 2,500

NATIONAL ALLIANCE FOR MENTAL ILLNESS

2059 ATWOOD AVE
MADISON,WI53704 		N/A PC GENERAL SUPPORT 1,000

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 5,000

NEIGHBORHOOD HOUSE COMMUNITY CENTER

29 S MILES ST
MADISON,WI537151307 		N/A PC GENERAL SUPPORT 500

NEWBRIDGE INC

128 E OLIN AVE STE110
MADISON,WI53713 		N/A PC GENERAL SUPPORT 10,000

NORTHSIDE PLANNING COUNCIL

1202 NORTHPORT DR STE G12B
MADISON,WI537042020 		N/A PC GENERAL SUPPORT 2,500

NURSES ON BOARDS COALITION

PO BOX 14535
MADISON,WI53708 		N/A PC GENERAL SUPPORT 1,000

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 2,500

ONE CITY SCHOOLS FOUNDATION INC

2012 FISHER ST
MADISON,WI53713 		N/A PC $50,000 IN GENERAL SUPPORT AND $2,500 TO SUPPORT THE OWN IT: BUILDING BLACK WEALTH INITIATIVE 52,500

OPERA FOR THE YOUNG

6441 ENTERPRISE LANE 207
MADISON,WI537191163 		N/A PC GENERAL SUPPORT 1,500

OPERATION FRESH START

2670 MILWAUKEE STREET
MADISON,WI53704 		N/A PC GENERAL SUPPORT 2,500

OUTREACH LGBTQ COMMUNITY CENTER

2701 INTERNATIONAL LANE SUITE 101
MADISON,WI53704 		N/A PC GENERAL SUPPORT 7,500

OVERTURE CENTER FOR THE ARTS

201 STATE ST
MADISON,WI53704 		N/A PC SUPPORT KIDS IN THE ROTUNDA 50,000

PEOPLE BUILDING OPPORTUNITY THROUGH GRACE AND ACTION

PO BOX 258064
MADISON,WI53725 		N/A PC GENERAL SUPPORT 1,000

PORCHLIGHT INC

306 N BROOKS ST
MADISON,WI53715 		N/A PC GENERAL SUPPORT 6,000

PROFESSIONAL FIRE FIGHTERS OF WI CHARITABLE FOUNDATION INC

321 E MAIN ST SUITE 200
MADISON,WI53703 		N/A PC GENERAL SUPPORT 2,500

RAINBOW PROJECT

831 E WASHINGTON AVE
MADISON,WI53703 		N/A PC GENERAL SUPPORT 3,500

REAP FOOD GROUP

306 E WILSON ST SUITE 2E
MADISON,WI53703 		N/A PC GENERAL SUPPORT 5,000

RISE WISCONSIN INC

2120 FORDEM AVE
MADISON,WI53704 		N/A PC GENERAL SUPPORT 20,000

RIVER ALLIANCE OF WISCONSIN

306 E WILSON ST SUITE 2W
MADISON,WI53703 		N/A PC GENERAL SUPPORT 2,500

RIVER FOOD PANTRY

2201 DARWIN RD
MADISON,WI53704 		N/A PC GENERAL SUPPORT 25,000

RSVP OF DANE COUNTY

6501 WATTS RD STE 250
MADISON,WI537191397 		N/A PC GENERAL SUPPORT 5,000

RUBIN FOR KIDS INC

PO BOX 1405
MADISON,WI53701 		N/A PC GENERAL SUPPORT 2,500

SALVATION ARMY

10 W ALGONQUIN RD
DES PLAINES,IL60016 		N/A PC GENERAL SUPPORT 35,000

SESSIONS AT MCPIKE PARK INC

406 CLEMONS AVE
MADISON,WI53704 		N/A PC GENERAL SUPPORT 4,000

SHOREWOOD HILLS FOUNDATION INC

810 SHOREWOOD BOULEVARD
MADISON,WI53705 		N/A PC GENERAL SUPPORT 400

SIMPSON STREET FREE PRESS

PO BOX 6307
MONONA,WI537160307 		N/A PC GENERAL SUPPORT 6,000

SOLACE FRIENDS INC

PO BOX 5587
MADISON,WI53705 		N/A PC GENERAL SUPPORT 15,000

SPECIAL OLYMPICS WISCONSIN

2310 CROSSROADS DR
MADISON,WI53718 		N/A PC GENERAL SUPPORT 500

TENANT RESOURCE CENTER INC

1202 WILLIAMSON STREET SUITE 101
MADISON,WI53703 		N/A PC GENERAL SUPPORT 1,000

THE FESTIVAL CHOIR INC

PO BOX 45618
MADISON,WI53744 		N/A PC GENERAL SUPPORT 500

THE PLAYING FIELD

3910 MINERAL POINT RD
MADISON,WI53705 		N/A PC GENERAL SUPPORT 25,000

THE VILLAGE DIAPER BANK

21 MARSH CT
MADISON,WI53718 		N/A PC GENERAL SUPPORT 5,000

TRI 4 SCHOOLS

937 JENNA DR
VERONA,WI53593 		N/A PC GENERAL SUPPORT 2,500

UNDERDOG PET RESCUE OF WISCONSIN INC

231 S FAIR OAKS AVENUE
MADISON,WI53704 		N/A PC GENERAL SUPPORT 2,000

UNIDOS AGAINST DOMESTIC VIOLENCE

810 W BADGER RD
MADISON,WI537130000 		N/A PC GENERAL SUPPORT 7,500

UNITED NATIONS ASSOCIATION

PO BOX 7441
MADISON,WI53707 		N/A PC GENERAL SUPPORT 1,000

UNITED WAY OF DANE COUNTY FOUNDATION

PO BOX 7548
MADISON,WI53704 		N/A PC GENERAL SUPPORT 102,500

UNITED WAY OF DANE COUNTY

PO BOX 7548
MADISON,WI53704 		N/A PC $145,000 IN GENERAL SUPPORT, $2,500 TO SPONSOR THE WOMEN UNITED BRUNCH, $2,500 TO SPONSOR LEAD UNITED, AND $14,000 TO SPONSOR THE LOANED EXECUTIVE PROGRAM 164,000

UNIVERSITY OF WISCONSIN - MADISON

600 HIGHLAND AVE K4/646
MADISON,WI537626164 		N/A GOV $1,500 TO SUPPORT THE ART INSTITUTE, $10,000 TO SPONSOR THE 175TH ANNIVERSARY CELEBRATION, AND $150 TO SUPPORT ASABE 11,650

UNIVERSITY OF WISCONSIN FOUNDATION

1848 UNIVERSITY AVE
MADISON,WI53726 		N/A PC SUPPORT THE FOLLOWING PROJECTS: $2,000 WI ENERGY INSTITUTE, $500 NELSON INSTITUTE, $5,000 CENTER FOR HEALTHY MINDS, $2,500 ANDY NORTH AND FRIENDS CANCER FUND, $1,000 CENTER FOR JOURNALISM ETHICS FUND, $5,000 CHANCELLOR REBECCA BLANK GREAT PEOPLE SCHOLARSHIP FUND, $3,750 FRIENDS OF ODYSSEY FAMILY FUND, AND $2,500 EARTH DAY EVENT FUND 22,250

URBAN COMMUNITY ARTS NETWORK

2116 POST RD
MADISON,WI537133536 		N/A PC GENERAL SUPPORT 5,000

URBAN LEAGUE OF GREATER MADISON

2222 S PARK ST SUITE 200
MADISON,WI53713 		N/A PC $50,000 TO SUPPORT THE BLACK BUSINESS HUB AND $10,000 TO SPONSOR THE 2023 MADISON REGION ECONOMIC DEVELOPMENT & DIVERSITY SUMMIT 59,010

URBAN TRIAGE

2210 NORTH RUSK AVE
MADISON,WI53713 		N/A PC GENERAL SUPPORT 6,000

VAN HISE PARENT TEACHER ORGANIZATION INC

246 S SEGOE RD
MADISON,WI53705 		N/A PC GENERAL SUPPORT 200

VILLAGE OF BARNEVELD

403 E COUNTY ID
BARNEVELD,WI53507 		N/A GOV GENERAL SUPPORT 1,000

WAUNAKEE NEIGHBORHOOD CONNECTION

208 S CENTURY AVE
WAUNAKEE,WI53597 		N/A PC GENERAL SUPPORT 500

WHEELS FOR WINNERS

4547 W BELTLINE HIGHWAY
MADISON,WI53711 		N/A PC GENERAL SUPPORT 500

WISCONSIN ACADEMY FOR GRADUATE SERVICE DOGS

1337 GREENWAY CROSS STE157
MADISON,WI537133225 		N/A PC GENERAL SUPPORT 500

WISCONSIN ALUMNI RESEARCH FOUNDATION

614 WALNUT ST
MADISON,WI537262336 		N/A PC GENERAL SUPPORT 1,000

WISCONSIN CHAMBER ORCHESTRA

321 E MAIN STREET
MADISON,WI53703 		N/A PC SPONSOR CONCERTS ON THE SQUARE 15,000

WISCONSIN COALITION AGAINST DOMESTIC VIOLENCE

1400 E WASHINGTON AVE SUITE 227
MADISON,WI53703 		N/A PC GENERAL SUPPORT 500

WISCONSIN COUNCIL OF THE BLIND INC

754 WILLIAMSON STREET
MADISON,WI53703 		N/A PC GENERAL SUPPORT 1,000

WISCONSIN HMONG ASSOCIATION

2810 CROSSROADS DR SUITE 4000
MADISON,WI53718 		N/A PC GENERAL SUPPORT 7,500

WISCONSIN INSTITUTE FOR LEARNING DISABILITIES INC

811 E WASHINGTON AVENUE SUITE 400
MADISON,WI53703 		N/A PC GENERAL SUPPORT 1,000

WISCONSIN LITERACY INC

211 S PATERSON ST STE 260
MADISON,WI53703 		N/A PC GENERAL SUPPORT 500

WISCONSIN TAMIL SANGAM INC

2402 SAND PEARL TR
MIDDLETON,WI53562 		N/A PC GENERAL SUPPORT 1,500

WISCONSIN WOMEN'S NETWORK

PO BOX 65
MADISON,WI53701 		N/A PC GENERAL SUPPORT 500

WISCONSIN YOUTH COMPANY

1201 MCKENNA BLVD
MADISON,WI53719 		N/A PC GENERAL SUPPORT 4,000

WISCONSIN YOUTH SYMPHONY ORCHESTRAS

606 STATE ST
MADISON,WI53703 		N/A PC GENERAL SUPPORT 10,000

WOMEN IN FOCUS INC

PO BOX 44013
MADISON,WI53744 		N/A PC GENERAL SUPPORT 1,000

YMCA OF DANE COUNTY

711 COTTAGE GROVE RD
MADISON,WI53716 		N/A PC GENERAL SUPPORT 5,000

YWCA MADISON

101 E MIFFLIN ST
MADISON,WI53703 		N/A PC GENERAL SUPPORT 6,000

ZONTA CLUB

PO BOX 14603
MADISON,WI537080603 		N/A PC GENERAL SUPPORT 1,000
Total .................................right arrow 3a 1,555,161
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-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 25,360  
4 Dividends and interest from securities ....     14 635,036  
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 .....     14 696,168  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -14,405  
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) .. 0 1,342,159 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,342,159
(See worksheet in line 13 instructions to verify calculations.)
Part XV-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 XV-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 (2023)
Form 990-PF (2023)
Page 13
Part XVI
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
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
2023
Name of the organization
MADISON GAS AND ELECTRIC FOUNDATION
INC
Employer identification number

39-6098118
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) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
MADISON GAS AND ELECTRIC FOUNDATION
INC 		Employer identification number
39-6098118
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
MADISON GAS AND ELECTRIC INC
 
133 S BLAIR ST
 
MADISON, WI537034055

$ 1,500,000


(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) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
MADISON GAS AND ELECTRIC FOUNDATION
INC 		Employer identification number

39-6098118
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) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
MADISON GAS AND ELECTRIC FOUNDATION
INC 		Employer identification number

39-6098118
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) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
MADISON GAS AND ELECTRIC FOUNDATION
 
INC
EIN:
39-6098118
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 8,450 4,225   4,225
TAX PREPARATION 2,400 0   2,400

TY 2023 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 9,619,584 9,619,584

TY 2023 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. 1,301,580 1,301,580
COMMONFUND-MULTI-STRATEGY EQUITY FUND 27,195,480 27,195,480

TY 2023 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 666,181 930,145 908,508


TY 2023 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 283 0   283


TY 2023 OtherIncomeSchedule2
Name:
MADISON GAS AND ELECTRIC FOUNDATION
 
INC
EIN:
39-6098118
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 CFI MULTI-STRATEGY BOND FUND 11,913 42,239 11,913
K-1 CFI MULTI-STRATEGY EQUITY FUND 684,255 10,152 684,255


TY 2023 OtherIncreasesSchedule
Name:
MADISON GAS AND ELECTRIC FOUNDATION
 
INC
EIN:
39-6098118
Description Amount
NET UNREALIZED GAINS ON INVESTMENTS 4,710,275


TY 2023 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 99,261 99,261   0
MANAGEMENT FEES 42,167 4,217   37,950


TY 2023 SubstantialContributorsSch
Name:
MADISON GAS AND ELECTRIC FOUNDATION
 
INC
EIN:
39-6098118
Name Address
MADISON GAS AND ELECTRIC INC
  		133 S BLAIR ST
MADISON,WI537034055


TY 2023 TaxesSchedule
Name:
MADISON GAS AND ELECTRIC FOUNDATION
 
INC
EIN:
39-6098118
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAXES ON NET INVESTMENT INCOME 165,478 0   0