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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.