TY 2022 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2022

Open to Public Inspection

For calendar year 2022, or tax year beginning 07-01-2022 , and ending 06-30-2023

Name of foundation
FUND FOR WISCONSIN SCHOLARS INC

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 5506
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
MADISON, WI53705

A Employer identification number

26-1412296

B Telephone number (see instructions)

(608) 238-2400

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$271,955,838J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	20
2	Check .............
3	Interest on savings and temporary cash investments	245,982		245,982
4	Dividends and interest from securities...	1,466,754		3,514,267
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		9,456,547
b	Gross sales price for all assets on line 6a 35,013,086
7	Capital gain net income (from Part IV, line 2)...			6,017,380
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).......	List of Attached Documents: // Content	716,174	139,976
12	Total. Add lines 1 through 11........	11,885,477		9,917,605
13	Compensation of officers, directors, trustees, etc.	335,751		67,436	268,315
14	Other employee salaries and wages......	163,277		14,913	148,364
15	Pension plans, employee benefits.......	68,649		9,440	59,209
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	3,115	0	3,505
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	49,326	2,500	36,106
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	1,580,796	1,403,871	177,392
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	102,857	88,512	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............	2,588		0	2,588
21	Travel, conferences, and meetings.......	20,257		0	21,927
22	Printing and publications..........	9,124		0	9,951
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	173,959	2,537,644	185,371
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	2,509,699		4,124,316	912,728
25	Contributions, gifts, grants paid.......	12,937,302			12,977,802
26	Total expenses and disbursements. Add lines 24 and 25	15,447,001		4,124,316	13,890,530
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-3,561,524
b	Net investment income (if negative, enter -0-)			5,793,289
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2022)

Form 990-PF (2022)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	105,285
	2	Savings and temporary cash investments.........	8,106,501	6,976,827	6,976,827
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........	86,323	12,350	12,350
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	16,362,195	List of Attached Documents: // Content 16,351,379	16,351,379
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	245,561,011	List of Attached Documents: // Content 247,963,166	247,963,166
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	List of Attached Documents: // Content 3,099,910	List of Attached Documents: // Content 652,116	List of Attached Documents: // Content 652,116
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	273,321,225	271,955,838	271,955,838
	17	Accounts payable and accrued expenses..........	215,186	162,293
	18	Grants payable.................	58,000	17,500
	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 )	List of Attached Documents: // Content 25,219	List of Attached Documents: // Content 11,479
	23	Total liabilities (add lines 17 through 22).........	298,405	191,272
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	273,022,820	271,764,566
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		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).....	273,022,820	271,764,566
	30	Total liabilities and net assets/fund balances (see instructions).	273,321,225	271,955,838

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

273,022,820

Enter amount from Part I, line 27a .....................

-3,561,524

Other increases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

2,303,270

Add lines 1, 2, and 3 ..........................

271,764,566

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

271,764,566

Form 990-PF (2022)

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	(d) Date sold (mo., day, yr.)
1 a	K-1 ACTIVITY	P
b	PUBLICLY TRADED SECURITIES
c	REGIMENT CAPITAL SS FUND V	P	2023-05-22
d	IR&M INTERMEDIATE FD - DISTRIBUTIONS	P	2023-04-27
e	ACACIA INSTITUTIONAL PARTNERS - DISTRIBUTIONS	P	2023-06-30
	LEGACY VENTURE VI (QP) LLC - DISTRIBUTIONS	P	2023-06-27
	STEPSTONE SECONDARY OPPORTUNITIES FUND II - DISTRIBUTIONS	P	2023-06-29
	ALPINE INVESTORS V LP - DISTRIBUTIONS	P	2022-12-08
	CENTRE LANE PARTNERS IV LP - DISTRIBUTIONS	P	2022-12-21
	LEGACY VENTURE VIII LLC - DISTRIBUTIONS	P	2023-06-27
	GENERAL ATLANTIC INVESTMENT PARTNERS 2017 LP - DISTRIBUTIONS	P	2023-06-26
	SIGULER GUFF SM BUYOUT OPP FD IV T LP - DISTRIBUTIONS	P	2023-04-14
	GENERAL ATLANTIC INVEST PTNRS 2021 - DISTRIBUTIONS	P	2023-05-22
	VR GLOBAL OFFSHORE FUND LTD	P	2022-07-22
	STONEHILL INSTL PARTNERS LP - DISTRIBUTIONS	P	2022-07-31
	WELLINGTON EMG MKT RESEARCH - DISTRIBUTION	P	2023-06-27

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	3,216,651		3,216,651
b	18,543,526	17,088,332	1,455,194
c	16,825	16,825	0
d	1,000,000	1,000,000	0
e	345,276	345,276	0
	419,606	419,606	0
	23,160		23,160
	277,931	277,931	0
	18,228	18,228	0
	319,596	319,596	0
	2,535,539	2,535,539	0
	1,075,167	1,075,167	0
	24,063	24,063	0
	3,590,750	2,578,898	1,011,852
	3,693,762	3,693,762	0
	3,129,657	2,819,134	310,523

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			3,216,651
b			1,455,194
c			0
d			0
e			0
			0
			23,160
			0
			0
			0
			0
			0
			0
			1,011,852
			0
			310,523

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	6,017,380
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 ...................		3

Form 990-PF (2022)

Page 4

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	80,527
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	80,527
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	80,527
6	Credits/Payments:

a	2022 estimated tax payments and 2021 overpayment credited to 2022	6a	441,715
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	107,894
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	27,367
11	Enter the amount of line 10 to be: Credited to 2023 estimated tax0	Refunded	11	27,367

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 2022 or the taxable year beginning in 2022? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2022)

Page 5

Part VI-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

WWW.FFWS.ORG

The books are in care of right arrow

KELLY RUPPEL Telephone no. right arrow

(608) 238-2400

Located at right arrow

PO BOX 5506MADISONWI ZIP+4 right arrow

53705

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

16 At any time during calendar year 2022, 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

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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 2022? .............

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)):

At the end of tax year 2022, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2022?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2022 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 2022.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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 2022? ..

Form 990-PF (2022)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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 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
JOHN P MORGRIDGE	CHAIR/TRUSTEE 5.00	0	0	0
PO BOX 5506 MADISON,WI53705	CHAIR/TRUSTEE 5.00	0	0	0
TASHIA F MORGRIDGE	TRUSTEE 5.00	0	0	0
PO BOX 5506 MADISON,WI53705	TRUSTEE 5.00	0	0	0
REBECCA SPLITT	VICE-CHAIR/TRUSTEE 2.00	12,000	0	0
PO BOX 5506 MADISON,WI53705	VICE-CHAIR/TRUSTEE 2.00	12,000	0	0
DAVID WARD	TRUSTEE 2.00	3,000	0	0
PO BOX 5506 MADISON,WI53705	TRUSTEE 2.00	3,000	0	0
MARY W GULBRANDSEN	SECRETARY/EXEC DIR/TRUSTEE 40.00	154,241	6,960	0
PO BOX 5506 MADISON,WI53705	SECRETARY/EXEC DIR/TRUSTEE 40.00	154,241	6,960	0
TED KELLNER	TREASURER/TRUSTEE 2.00	3,000	0	0
PO BOX 5506 MADISON,WI53705	TREASURER/TRUSTEE 2.00	3,000	0	0
JOHN W DANIELS JR	VICE-CHAIR/TRUSTEE 2.00	12,000	0	0
PO BOX 5506 MADISON,WI53705	VICE-CHAIR/TRUSTEE 2.00	12,000	0	0
MICHAEL LOVELL	TRUSTEE 2.00	9,000	0	0
PO BOX 5506 MADISON,WI53705	TRUSTEE 2.00	9,000	0	0
JOHN D MORGRIDGE	TRUSTEE 2.00	20,000	0	0
PO BOX 5506 MADISON,WI53705	TRUSTEE 2.00	20,000	0	0
CHRIS BRADFORD	TREASURER/TRUSTEE 2.00	18,000	0	0
PO BOX 5506 MADISON,WI53705	TREASURER/TRUSTEE 2.00	18,000	0	0
KATHARINA HEYNING	TRUSTEE 2.00	12,000	0	0
PO BOX 5506 MADISON,WI53705	TRUSTEE 2.00	12,000	0	0
KELLY RUPPEL	SECRETARY/EXEC DIR/TRUSTEE 40.00	108,187	10,002	7,314
PO BOX 5506 MADISON,WI53705	SECRETARY/EXEC DIR/TRUSTEE 40.00	108,187	10,002	7,314

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
ANGELA SWENSON-HOLZINGER	MENTOR COORDINATOR 40.00	75,712	24,720	4,921
PO BOX 5506 MADISON,WI53705	MENTOR COORDINATOR 40.00	75,712	24,720	4,921
LISA LINNEMANSTONS	ACCOUNTANT 12.00	59,653	0	0
PO BOX 5506 MADISON,WI53705	ACCOUNTANT 12.00	59,653	0	0






Total number of other employees paid over $50,000...................				0

Form 990-PF (2022)

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
GENERAL ATLANTIC	INVESTMENT MANAGEMENT	526,919
677 WASHINGTON BLVD 8TH FLOOR STAMFORD,CT06901	INVESTMENT MANAGEMENT	526,919
MARQUETTE ASSOCIATES INC	INVESTMENT MANAGEMENT	195,000
180 N LA SALLE ST SUITE 3500 CHICAGO,IL60601	INVESTMENT MANAGEMENT	195,000
CLARION PARTNERS	INVESTMENT MANAGEMENT	129,884
230 PARK AVENUE NEW YORK,NY10169	INVESTMENT MANAGEMENT	129,884
UNIVERSITY OF WISCONSIN SYSTEM DBA WCER	DATABASE DEVELOPMENT & EVALUATION SERVICES	125,181
1025 W JOHNSON ST MADISON,WI53706	DATABASE DEVELOPMENT & EVALUATION SERVICES	125,181
DFW CAPITAL PARTNERS	INVESTMENT MANAGEMENT	121,994
300 FRANK W BURR BLVD SUITE 5 TEANECK,NJ07666	INVESTMENT MANAGEMENT	121,994

Total number of others receiving over $50,000 for professional services............. right arrow

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


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


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2022)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

92,923,728

Average of monthly cash balances.......................

8,472,761

Fair market value of all other assets (see instructions)................

166,199,524

Total (add lines 1a, b, and c).........................

267,596,013

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

267,596,013

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

4,013,940

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

263,582,073

Minimum investment return. Enter 5% (0.05) of line 5................

13,179,104

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.)

Minimum investment return from Part IX, line 6..................

13,179,104

Tax on investment income for 2022 from Part V, line 5.......

80,527

Income tax for 2022. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

80,527

Distributable amount before adjustments. Subtract line 2c from line 1............

13,098,577

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

13,098,577

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

13,098,577

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

13,890,530

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

13,890,530

Form 990-PF (2022)

Page 9

Part XII

Undistributed Income (see instructions)

	(a) Corpus	(b) Years prior to 2021	(c) 2021	(d) 2022
1 Distributable amount for 2022 from Part X, line 7				13,098,577
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only.......			2,873,451
b Total for prior years:20, 20, 20		0
3 Excess distributions carryover, if any, to 2022:
a From 2017......
b From 2018......
c From 2019......
d From 2020......
e From 2021......
f Total of lines 3a through e ........	0
4Qualifying distributions for 2022 from Part
XI, line 4: $ 13,890,530
a Applied to 2021, but not more than line 2a			2,873,451
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 2022 distributable amount.....				11,017,079
e Remaining amount distributed out of corpus	0
5 Excess distributions carryover applied to 2022.	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	0
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 2021. Subtract line 4a from line 2a. Taxable amount—see instructions .............			0
f Undistributed income for 2022. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2023 ..........				2,081,498
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 2017 not applied on line 5 or line 7 (see instructions) ...	0
9 Excess distributions carryover to 2023. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2018....
b Excess from 2019....
c Excess from 2020....
d Excess from 2021....
e Excess from 2022....

Form 990-PF (2022)

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 2022, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

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) 2022	(b) 2021	(c) 2020	(d) 2019	(e) Total

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).)

JOHN P MORGRIDGE

TASHIA F MORGRIDGE

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2022)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
UNIVERSITY OF WISCONSIN SYSTEM 1860 VAN HISE HALL 1220 LINDEN DRIVE MADISON,WI53706	N/A	PC	STIPENDS AND NEED-BASED GRANTS FOR HIGHER EDUCATION	12,812,002
WISCONSIN TECHNICAL COLLEGE SYSTEM 4622 UNIVERSITY AVENUE MADISON,WI53705	N/A	PC	STIPENDS AND NEED-BASED GRANTS FOR HIGHER EDUCATION	1,800
328 INDIVIDUAL GRANT RECIPIENTS DET VARIOUS MADISON,WI53705	NONE	I	GRANT RECIPIENT GRADUATION GIFTS ($500/EACH)	164,000
Total ................................. 3a				12,977,802

bApproved for future payment
35 INDIVIDUAL GRANT RECIPIENTS DETA VARIOUS MADISON,WI53705	NONE	I	GRANT RECIPIENT GRADUATION GIFTS ($500/EACH)	17,500
Total ................................. 3b				17,500

Form 990-PF (2022)

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	(e) Related or exempt function income (See instructions.)
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	245,982
4 Dividends and interest from securities ....			14	1,466,754
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 .....			18	716,174
8 Gain or (loss) from sales of assets other than inventory ............	523000	-266,019	18	9,722,566
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) ..		-266,019		12,151,476	0

13Total. Add line 12, columns (b), (d), and (e)..................

11,885,457

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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 (2022)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2022)

Additional Data

Software ID:
Software Version:
Part VI Line 7 -Original Return Overpayment:	-333,821

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2022 AccountingFeesSchedule

Name:

FUND FOR WISCONSIN SCHOLARS INC

EIN:

26-1412296

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	49,326	2,500		36,106

- TIN:

TY 2022 GeneralExplanationAttachment

Name:

FUND FOR WISCONSIN SCHOLARS INC

EIN:

26-1412296

Identifier	Return Reference	Explanation
REASON FOR AMENDMENT	FORM 990-PF, PART I, LINE 6:	THE FUND FOR WISCONSIN SCHOLARS IS AMENDING ITS PRIVATE FOUNDATION RETURN FOR THE FISCAL YEAR ENDED JUNE 30, 2023, TO ACCURATELY REPORT ITS NET INVESTMENT INCOME. IN THE ORIGINAL FILING, REALIZED GAINS WERE OVERSTATED DUE TO THE INCLUSION OF DISTRIBUTIONS FROM PARTNERSHIP INVESTMENTS, WHICH SHOULD HAVE BEEN REPORTED AS NON-TAXABLE RETURNS OF CAPITAL. AS A RESULT, THE AMENDED RETURN REFLECTS A DECREASE IN NET INVESTMENT INCOME OF $1,968,863, LEADING TO A REDUCTION IN NET INVESTMENT INCOME EXCISE TAXES OF $27,367. ADDITIONALLY, THE DISTRIBUTABLE AMOUNT HAS BEEN INCREASED DUE TO THE REDUCTION IN EXCISE TAXES OWED, AS WELL AS UNDISTRIBUTED INCOME INCREASED AS A RESULT OF THE AMENDMENT OF PRIOR YEAR RETURNS.PART I, LINE 7, CAPITAL GAIN, COLUMN (B)- DECREASED BY $1,968,863PART I, LINE 27B, NET INVESTMENT INCOME - DECREASED BY $1,968,863PART VI, LINE 1, EXCISE TAX - DECREASED BY $27,367PART XI, LINE 2A, TAX ON INVESTMENT INCOME - DECREASED BY $27,367PART XI, LINE 7, DISTRIBUTABLE AMOUNT - INCREASED BY $27,367PART XII, LINE 2, COLUMN (C) - INCREASED BY $146,160

- TIN:

TY 2022 InvestmentsCorpStockSchedule

Name:

FUND FOR WISCONSIN SCHOLARS INC

EIN:

26-1412296

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ACTIVISION BLIZZARD INC	75,027	75,027
ACUITY BRANDS INC	112,525	112,525
ACUSHNET HOLDINGS CORP	297,733	297,733
AERCAP HOLDINGS NV	241,376	241,376
ALLSTATE CORP/THE	88,868	88,868
AMERICAN EAGLE OUTFITTERS INC	83,898	83,898
AMETEK INC	108,460	108,460
ARCH CAPITAL GROUP LTD	74,102	74,102
ARMSTRONG WORLD INDUSTRIES INC	91,825	91,825
ARROW ELECTRONICS INC	183,334	183,334
ARTISAN PARTNERS ASSET MANAGEM	180,276	180,276
ASPEN TECHNOLOGY INC	113,304	113,304
ATMOS ENERGY CORP	91,909	91,909
ATRION CORP	64,490	64,490
AXALTA COATING SYSTEMS LTD	229,670	229,670
BANCFIRST CORP	137,080	137,080
BAXTER INTERNATIONAL INC	144,653	144,653
BROOKFIELD ASSET MANAGEMENT LT	129,541	129,541
BWX TECHNOLOGIES INC	379,679	379,679
CADENCE BANK	134,043	134,043
CARMAX INC	154,008	154,008
CARTER'S INC	246,840	246,840
CBOE GLOBAL MARKETS INC	110,408	110,408
CBRE GROUP INC	139,628	139,628
CLEARWATER ANALYTICS HOLDINGS	50,340	50,340
COMPASS MINERALS INTERNATIONAL	124,610	124,610
CORVEL CORP	248,454	248,454
DENTSPLY SIRONA INC	139,670	139,670
DEVON ENERGY CORP	66,661	66,661
DISCOVER FINANCIAL SERVICES	99,323	99,323
DONALDSON CO INC	83,201	83,201
DRIL-QUIP INC	7,726	7,726
ECOVYST INC	221,178	221,178
ELANCO ANIMAL HEALTH INC	248,482	248,482
EMCOR GROUP INC	437,189	437,189
ESAB CORP	155,903	155,903
ESSENT GROUP LTD	152,568	152,568
FACTSET RESEARCH SYSTEMS INC	191,511	191,511
FIDELITY NATIONAL FINANCIAL IN	140,040	140,040
FIRST HAWAIIAN INC	170,987	170,987
FTI CONSULTING INC	438,982	438,982
GATES INDUSTRIAL CORP PLC	85,598	85,598
GENTEX CORP	168,245	168,245
GILDAN ACTIVEWEAR INC	157,009	157,009
GLACIER BANCORP INC	42,080	42,080
GLOBE LIFE INC	165,526	165,526
GRACO INC	282,278	282,278
GRAPHIC PACKAGING HOLDING CO	209,061	209,061
HANESBRANDS INC	46,671	46,671
HASBRO INC	152,598	152,598
HELEN OF TROY LTD	180,393	180,393
INFINERA CORP	198,030	198,030
INGREDION INC	276,530	276,530
INTEGRA LIFESCIENCES HOLDINGS	109,817	109,817
JACK HENRY & ASSOCIATES INC	103,744	103,744
KFORCE INC	97,248	97,248
LABORATORY CORP OF AMERICA HOL	132,732	132,732
LANDSTAR SYSTEM INC	280,531	280,531
LCI INDUSTRIES	176,651	176,651
LIBERTY MEDIA CORP-LIBERTY BRA	241,682	241,682
LIONS GATE ENTERTAINMENT CORP	206,663	206,663
LIVENT CORP	139,893	139,893
LKQ CORP	64,097	64,097
M&T BANK CORP	95,295	95,295
MADISON SQUARE GARDEN SPORTS C	216,258	216,258
MANHATTAN ASSOCIATES INC	355,786	355,786
MARKEL GROUP INC	96,823	96,823
MKS INSTRUMENTS INC	132,963	132,963
MOELIS & CO	214,458	214,458
MOHAWK INDUSTRIES INC	205,288	205,288
OMNICOM GROUP INC	170,319	170,319
OPEN TEXT CORP	162,876	162,876
PERRIGO CO PLC	114,412	114,412
PNC FINANCIAL SERVICES GROUP I	66,760	66,760
PRICESMART INC	95,760	95,760
PRIMERICA INC	389,785	389,785
RB GLOBAL INC	134,820	134,820
RBC BEARINGS INC	200,507	200,507
RENAISSANCERE HOLDINGS LTD	78,338	78,338
RIGHTMOVE PLC	203,270	203,270
RLI CORP	161,444	161,444
SENSATA TECHNOLOGIES HOLDING	256,443	256,443
SIMPSON MANUFACTURING CO INC	424,780	424,780
STANLEY BLACK & DECKER INC	122,760	122,760
STATE STREET CORP	176,730	176,730
TE CONNECTIVITY LTD	192,019	192,019
TELEFLEX INC	140,619	140,619
TOPGOLF CALLAWAY BRANDS CORP	89,325	89,325
TORO CO/THE	223,223	223,223
TREEHOUSE FOODS INC	125,949	125,949
UFP INDUSTRIES INC	28,338	28,338
ULTRA CLEAN HOLDINGS INC	274,989	274,989
URBAN OUTFITTERS INC	135,833	135,833
VAREX IMAGING CORP	225,093	225,093
WARNER MUSIC GROUP CORP	91,315	91,315
WATTS WATER TECHNOLOGIES INC	267,143	267,143
WHIRLPOOL CORP	92,250	92,250
WILLIAMS COS INC/THE	137,046	137,046
WOODWARD INC	145,783	145,783

- TIN:

TY 2022 InvestmentsOtherSchedule2

Name:

FUND FOR WISCONSIN SCHOLARS INC

EIN:

26-1412296

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
ACACIA INST'L PARNTERS	FMV	444,747	444,747
ALPINE INVESTORS V	FMV	4,265,436	4,265,436
BAIN CAP DIST & SS 2013	FMV	508,798	508,798
BGF GLOBAL ALPHA EQ-K	FMV	4,412,682	4,412,682
CAUSEWAY INTERNATL VAL-INST	FMV	9,729,942	9,729,942
CENTRE LANE PARTNERS IV LP	FMV	5,681,116	5,681,116
CLARION LION PROPERTIES FUND	FMV	12,010,927	12,010,927
DFW CAPITAL PARTNERS VII	FMV	1,264,856	1,264,856
EMINENCE FUND LONG	FMV	5,936,993	5,936,993
GENERAL ATLANTIC 2017 LP	FMV	30,748,251	30,748,251
GENERAL ATLANTIC INVEST 2021	FMV	3,737,578	3,737,578
GQG EMERGING MARKETS	FMV	4,346,556	4,346,556
HIG MIDDLE MARKET LBO FD	FMV	4,123,293	4,123,293
HRDNG LVNR INTL SM CO-INST	FMV	8,653,660	8,653,660
IR&M INTERMEDIATE	FMV	12,956,612	12,956,612
ISHARES RUSSELL 2000 ETF	FMV	149,816	149,816
KINDERHOOD CAP FUND 7	FMV	3,119,222	3,119,222
LEGACY VENTURE IX	FMV	7,116,382	7,116,382
LEGACY VENTURE VI	FMV	4,225,219	4,225,219
LEGACY VENTURE VIII	FMV	19,579,427	19,579,427
LEGACY VENTURE X	FMV	1,390,771	1,390,771
MERCED PARTNERS IV	FMV	571,123	571,123
MML CAPITAL PARTNERS V	FMV	6,011	6,011
NEUBERGER BERMAN	FMV	13,575,059	13,575,059
NINE TEN PARTNERS LP	FMV	4,489,374	4,489,374
PARTNERS FOR GROWTH	FMV	783,210	783,210
RCP MULTI-STRATEGY FUND	FMV	6,398,502	6,398,502
RCP SECONDARY OPPORTUNITY	FMV	32,258	32,258
REGIMENT SPECIAL SITUATIONS V	FMV	23,748	23,748
SIGULER GUFF IV	FMV	12,781,972	12,781,972
SIGULER GUFF V	FMV	2,718,510	2,718,510
STEPSTONE SECONDARY OPP. II	FMV	639,062	639,062
VANGUARD INST INDEX-INST	FMV	40,506,037	40,506,037
VANGUARD M/C GROW INDX-ADM	FMV	6,332,007	6,332,007
VANGUARD TOTAL INTERNAT'L STOCK	FMV	13,576,015	13,576,015
WIF-TARPON INVESTMENT	FMV	805,635	805,635
LEGACY VENTURE XI	FMV	167,823	167,823
SUNSTONE PTNS III - MAIN LP	FMV	154,536	154,536

- TIN:

TY 2022 LegalFeesSchedule

Name:

FUND FOR WISCONSIN SCHOLARS INC

EIN:

26-1412296

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES	3,115	0		3,505

- TIN:

TY 2022 OtherAssetsSchedule

Name:

FUND FOR WISCONSIN SCHOLARS INC

EIN:

26-1412296

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
INTEREST & DIVIDEND RECEIVABLE	19,427	32,399	32,399
GRANTS TO BE RETURNED	165	12,840	12,840
RECEIVABLE FROM BROKER FOR SECURITIES	2,564,655	45,872	45,872
TAXES RECEIVABLE	513,675	560,505	560,505
OTHER RECEIVABLES	1,988	500	500

- TIN:

TY 2022 OtherExpensesSchedule

Name:

FUND FOR WISCONSIN SCHOLARS INC

EIN:

26-1412296

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
MISCELLANEOUS EXPENSE	7,283	0	7,283
PHONE & INTERNET	3,381	0	4,769
DUES & SUBSCRIPTIONS	6,380	0	6,380
K-1 CHARITABLE CONTRIBUTIONS	0	0	1,235
OTHER/PORTFOLIO EXPENSES FROM K-1S	0	2,537,644	0
NONCASH GIFTS FOR GRANT RECIPIENTS	19,488	0	19,488
UW CAMPUS MENTORING	96,933	0	105,740
POSTAGE & MAILING	17,438	0	17,438
INSURANCE	23,056	0	23,038

- TIN:

TY 2022 OtherIncomeSchedule2

Name:

FUND FOR WISCONSIN SCHOLARS INC

EIN:

26-1412296

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
PARTNERSHIP INCOME	716,174	139,976	716,174

- TIN:

TY 2022 OtherIncreasesSchedule

Name:

FUND FOR WISCONSIN SCHOLARS INC

EIN:

26-1412296

Description	Amount
UNREALIZED GAIN	2,303,270

- TIN:

TY 2022 OtherLiabilitiesSchedule

Name:

FUND FOR WISCONSIN SCHOLARS INC

EIN:

26-1412296

Description	Beginning of Year - Book Value	End of Year - Book Value
TAXES PAYABLE	3,560	1,097
PAYABLE TO BROKER FOR SECURITIES	21,659	10,382

- TIN:

TY 2022 OtherProfessionalFeesSchedule

Name:

FUND FOR WISCONSIN SCHOLARS INC

EIN:

26-1412296

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OUTSIDE SERVICES	176,925	0		177,392
INVESTMENT FEES	1,403,871	1,403,871		0

- TIN:

TY 2022 TaxesSchedule

Name:

FUND FOR WISCONSIN SCHOLARS INC

EIN:

26-1412296

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FEDERAL EXCISE & UBI TAX	102,857	0		0
K-1 FOREIGN TAX	0	88,512		0