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Filing year 2023

MADISON GAS AND ELECTRIC FOUNDATION INC

Madison, Wisconsin·EIN 39-6098118·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$2.8M
Total assets
$41.2M
Total expenses
$1.9M
Reported officers
6

Reported officers (all unpaid)

No paid executives reported in 2023. MADISON GAS AND ELECTRIC FOUNDATION INC reported 6 unpaid officers and board members on its 990-PF.

Director
President and Chairman
Vice President
Secretary
Director
Vice President and Treasurer

Grants paid

Itemized grants reported on this foundation's 2023 Form 990-PF, Part XV.

Total granted

$1.6M

Itemized grants

196

Median grant

$3k

RecipientLocationPurposeAmount
UNITED WAY OF DANE COUNTYMADISON, WI$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$164k
UNITED WAY OF DANE COUNTY FOUNDATIONMADISON, WIGENERAL SUPPORT$103k
CENTRO HISPANO OF DANE COUNTYMADISON, WIGENERAL SUPPORT$75k
URBAN LEAGUE OF GREATER MADISONMADISON, WI$50,000 TO SUPPORT THE BLACK BUSINESS HUB AND $10,000 TO SPONSOR THE 2023 MADISON REGION ECONOMIC DEVELOPMENT & DIVERSITY SUMMIT$59k
BOYS AND GIRLS CLUB OF DANE COUNTYMADISON, WI$50,000 TO SUPPORT THE MCKENZIE REGIONAL WORKFORCE CENTER AND $2,500 IN GENERAL SUPPORT$53k
ONE CITY SCHOOLS FOUNDATION INCMADISON, WI$50,000 IN GENERAL SUPPORT AND $2,500 TO SUPPORT THE OWN IT: BUILDING BLACK WEALTH INITIATIVE$53k
CENTER FOR BLACK EXCELLENCE AND CULTUREMADISON, WIGENERAL SUPPORT$50k
OVERTURE CENTER FOR THE ARTSMADISON, WISUPPORT KIDS IN THE ROTUNDA$50k
CITY OF MADISONMADISON, WI$8,500 TO SUPPORT "THE RIGHT TREE IN THE RIGHT PLACE" PROJECT AND $40,000 TO SUPPORT THE DAIRY DRIVE URBAN CAMPGROUND$49k
SALVATION ARMYDES PLAINES, ILGENERAL SUPPORT$35k
BAYVIEW FOUNDATION INCMADISON, WIGENERAL SUPPORT$25k
FORWARD THEATER COMPANYMADISON, WIGENERAL SUPPORT$25k
FOUNDATION FOR BLACK WOMEN'S WELLNESSMADISON, WIGENERAL SUPPORT$25k
ICE INCVERONA, WIGENERAL SUPPORT$25k
MADISON PUBLIC MARKET FOUNDATION INCMADISON, WIGENERAL SUPPORT$25k
MADISON PUBLIC SCHOOLS FOUNDATIONMADISON, WIGENERAL SUPPORT$25k
RIVER FOOD PANTRYMADISON, WIGENERAL SUPPORT$25k
THE PLAYING FIELDMADISON, WIGENERAL SUPPORT$25k
CLEAN LAKES ALLIANCEMADISON, WIGENERAL SUPPORT$23k
UNIVERSITY OF WISCONSIN FOUNDATIONMADISON, WISUPPORT 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$22k
DOWNTOWN MADISON PARTNERS INCMADISON, WIGENERAL SUPPORT$20k
HABITAT FOR HUMANITYMADISON, WISUPPORT THE UNDER ONE ROOF CAMPAIGN$20k
MADISON CHILDREN'S MUSEUMMADISON, WISUPPORT THE NICE AGE TRAIL EXHIBIT$20k
RISE WISCONSIN INCMADISON, WIGENERAL SUPPORT$20k
ALDO LEOPOLD NATURE CENTERMADISON, WIGENERAL SUPPORT$15k
Compare this foundation's grantees

This is a private foundation. Peers are foundations of similar asset size ($25M - $50M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Wisconsin

MADISON GAS AND ELECTRIC FOUNDATION INC reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Wisconsin earns a median of $12,944.

25th percentile
$5k
Median
$12,944
75th percentile
$42k
90th percentile
$101k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 1,420 organizations across 1,420 filings (2020 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Wisconsin →
FAQ

Common questions about MADISON GAS AND ELECTRIC FOUNDATION INC

What are MADISON GAS AND ELECTRIC FOUNDATION INC's revenue and expenses?

In 2023, MADISON GAS AND ELECTRIC FOUNDATION INC reported $2.8M in total revenue and $1.9M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($25M - $50M), because foundation pay scales with assets under management, not revenue.