2026-05-11T19:01:37-04:00 2025-12-31 346565596 ERNST & YOUNG US LLP 155 N WACKER DRIVE CHICAGO IL 60606 990PF 2025-01-01 421614475 FIRST BUSINESS CHARITABLE FOUNDATION INC FIRS 6082325977 401 CHARMANY DRIVE MADISON WI 53719 FIRST BUSINESS BANK TRUSTEE 6082325977 2026-04-29 true TRAVIS A EASLEY P00843940 3128792000 2026-04-29 2025 2025-03-06 01:10:19Z X 2550625 255552 3696 3696 60437 58760 6543 341416 6543 0 326228 68999 0 0 0 0 0 0 1000 500 0 500 0 0 1718 1039 0 0 0 0 0 0 0 2718 1539 0 500 339150 339150 341868 1539 0 339650 -15640 67460 0 46479 76010 76010 0 0 0 1851488 1798912 2474615 1897967 1874922 2550625 0 X 1897967 1874922 1897967 1874922 1897967 1874922 1897967 -15640 1316 1883643 8721 1874922 831.897 THE PRIVATE SHARES FUND 2023-01-05 2025-03-21 35247 34832 415 415 1897.505 ARISTOTLE FLOATING RATE INCOME I 2024-12-03 2025-04-08 17495 18045 -550 -550 1922.596 BAIRD INTERMEDIATE BOND INST 2018-03-05 2025-04-08 19995 20822 -827 -827 254. ISHARES CORE US AGGREGATE BOND 2014-01-03 2025-04-08 24925 27062 -2137 -2137 149. JPMORGAN ULTRA-SHORT INCOME ETF 2024-01-03 2025-04-08 7506 7490 16 16 626.28 PIMCO INCOME FUND INSTL 2024-12-03 2025-04-08 6595 6676 -81 -81 1273.055 PIMCO INCOME FUND INSTL 2024-01-03 2025-04-08 13405 13420 -15 -15 1098.352 VICTORY SHORT-TERM TAXABLE BOND INST 2024-01-03 2025-04-08 9995 9748 247 247 163.067 ARISTOTLE FLOATING RATE INCOME I 2024-12-03 2025-04-21 1510 1551 -41 -41 166.025 BAIRD INTERMEDIATE BOND INST 2018-03-05 2025-04-21 1725 1798 -73 -73 213.836 PARAMETRIC COMMODITY STRATEGY INST 2024-12-03 2025-04-21 1360 1388 -28 -28 22. ISHARES CORE US AGGREGATE BOND 2014-01-03 2025-04-21 2141 2344 -203 -203 41. ISHARES CORE S&P MID-CAP ETF 2024-12-03 2025-04-21 2175 2746 -571 -571 15. ISHARES RUSSELL 1000 VALUE ETF 2024-12-03 2025-04-21 2571 2969 -398 -398 8. ISHARES RUSSELL 1000 GROWTH ETF 2025-04-08 2025-04-21 2629 2700 -71 -71 31. ISHARES CORE S&P SMALL-CAP ETF 2024-12-03 2025-04-21 2896 3902 -1006 -1006 93. ISHARES CORE MSCI EAFE ETF 2021-03-31 2025-04-21 6928 6727 201 201 54. ISHARES CORE MSCI EMERGING MARKETS ETF 2024-12-03 2025-04-21 2785 2948 -163 -163 58. ISHARES CORE DIVIDEND GROWTH 2024-12-03 2025-04-21 3286 3749 -463 -463 13. JPMORGAN ULTRA-SHORT INCOME ETF 2023-12-13 2025-04-21 656 653 3 3 164.129 PIMCO INCOME FUND INSTL 2023-12-13 2025-04-21 1725 1728 -3 -3 94.609 VICTORY SHORT-TERM TAXABLE BOND INST 2023-12-13 2025-04-21 860 829 31 31 23. VANGUARD TOTAL STOCK MARKET ETF 2025-04-08 2025-04-21 5753 5854 -101 -101 21. VANGUARD TOTAL STOCK MARKET ETF 2024-12-03 2025-04-21 5253 6306 -1053 -1053 143.623 ARISTOTLE FLOATING RATE INCOME I 2024-12-03 2025-04-29 1340 1366 -26 -26 146.75 BAIRD INTERMEDIATE BOND INST 2018-03-05 2025-04-29 1535 1589 -54 -54 187.888 PARAMETRIC COMMODITY STRATEGY INST 2024-12-03 2025-04-29 1210 1219 -9 -9 19. ISHARES CORE US AGGREGATE BOND 2014-01-03 2025-04-29 1882 2024 -142 -142 35. ISHARES CORE S&P MID-CAP ETF 2024-12-03 2025-04-29 2005 2344 -339 -339 13. ISHARES RUSSELL 1000 VALUE ETF 2024-12-03 2025-04-29 2370 2573 -203 -203 6. ISHARES RUSSELL 1000 GROWTH ETF 2024-01-03 2025-04-29 2204 1782 422 422 26. ISHARES CORE S&P SMALL-CAP ETF 2024-12-03 2025-04-29 2628 3272 -644 -644 79. ISHARES CORE MSCI EAFE ETF 2021-03-31 2025-04-29 6227 5714 513 513 46. ISHARES CORE MSCI EMERGING MARKETS ETF 2024-12-03 2025-04-29 2491 2512 -21 -21 50. ISHARES CORE DIVIDEND GROWTH 2024-01-03 2025-04-29 3002 2688 314 314 11. JPMORGAN ULTRA-SHORT INCOME ETF 2023-12-13 2025-04-29 557 553 4 4 143.996 PIMCO INCOME FUND INSTL 2023-12-13 2025-04-29 1535 1516 19 19 83.79 VICTORY SHORT-TERM TAXABLE BOND INST 2022-12-21 2025-04-29 765 732 33 33 37. VANGUARD TOTAL STOCK MARKET ETF 2024-01-03 2025-04-29 10104 8662 1442 1442 8265.445 VICTORY MARKET NEUTRAL INCOME FUND 2023-05-09 2025-04-29 72488 69547 2941 2941 400.118 BLUEROCK TOTAL INCOME REAL ESTATE 2023-01-05 2025-05-06 10643 13220 -2577 -2577 322.89 THE PRIVATE SHARES FUND 2023-04-11 2025-09-19 13984 13513 471 471 1321.559 HARRISON STREET REAL ASSETS FUND LLC 2023-04-25 2025-11-21 37744 35844 1900 1900 270.626 THE PRIVATE SHARES FUND 2023-05-09 2025-12-19 12849 11213 1636 1636 .708 BLUEROCK PVT REAL ESTATE FD ETF 2023-01-05 2025-12-30 11 24 -13 -13 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 CAPITAL GAIN DIVIDENDS P 2886 6543 938 0 938 0 938 784 0 0 784 0 154 0 0 false false false false false false false true true WI true false false false false true BRIAN SPIELMANN VP 6082325977 401 CHARMANY DRIVE MADISON WI 53719 false false false false true false false false false false false false false false false false false false false false false false First Business Bank 401 Charmany Drive Madison WI 53719 Trustee 1 0 Jim Hartlieb 401 Charmany Drive Madison WI 53719 President & Director 1 0 Brian Spielmann 401 Charmany Drive Madison WI 53719 Vice President, Treasurer & Director 1 0 Pauline Hittesdorf 401 Charmany Drive Madison WI 53719 Secretary 1 0 Corey Chambas 401 Charmany Drive Madison WI 53719 Director 1 0 Mark Meloy 401 Charmany Drive Madison WI 53719 Director 1 0 David Seiler 401 Charmany Drive Madison WI 53719 Director 1 0 NONE 0 NONE 0 2252694 110629 0 2363323 0 0 2363323 35450 2327873 116394 116394 938 938 115456 0 115456 0 115456 339650 0 0 0 0 339650 115456 0 0 123551 93980 194118 125907 20452 558008 339650 0 0 0 115456 224194 0 0 782202 0 0 0 0 0 0 123551 658651 93980 194118 125907 20452 224194 Brian Spielmann VP 401 Charmany Drive Madison WI 53719 6082325977 By initial letter of inquiry with name of person whom the foundation should contact None Local organizations engaged in non-profit activities designed improve the economic and social well being of the community by First Business Financial Services, Inc AMERICAN CANCER SOCIETY INC PO BOX 902 PEWAUKEE WI 53072 NONE PC PROGRAM SUPPORT 9100 ALZHEIMERS DISEASE AND RELATED DISORDERS ASSOC INC 225 N MICHIGAN AVE FL 17 CHICAGO IL 60601 NONE PC PROGRAM SUPPORT 3000 AMERICAN HEART ASSOCIATION INC PO BOX 5028 BOONE IA 50950 NONE PC PROGRAM SUPPORT 25000 THE LEUKEMIA & LYMPHOMA SOCIETY PO BOX 772395 Detroit MI 48277 NONE PC PROGRAM SUPPORT 2500 RIVER FOOD PANTRY 2201 DARWIN RD MADISON WI 53704 NONE PC FOOD PANTRY 1000 ABUNDANT LIFE CHRISTIAN SCHOOL FDN INC 4901 EAST BUCKEYE RD MADSION WI 53716 NONE PC PROGRAM SUPPORT 2500 NEW HEIGHTS LUTHERAN CHURCH 314 ANNE ST MAZOMANIE WI 53560 NONE PC PROGRAM SUPPORT 1000 STOUGHTON HOSPITAL FOUNDATION INC 900 RIDGE ST STOUGHTON WI 53589 NONE PC PROGRAM SUPPORT - PMT 3 OF 5000 PECATONICA AREA FOOD PANTRY PO BOX 138 BLANCHARDVILLE WI 53516 NONE PC FOOD PANTRY 1000 OUR LADY OF HOPE CLINIC INC 6255 UNIVERSITY AVE MIDDLETON WI 535623485 NONE PC PROGRAM SUPPORT 1000 COMMUNITY SMILES DENTAL 210 NW BARSTOW ST STE 305 WAUKESHA WI 53188 NONE PC PROGRAM SUPPORT - PMT 1 OF 5000 EVANS SCHOLARS FOUNDATION 2501 PATRIOT BLVD Glenview IL 600268022 NONE PC PROGRAM SUPPORT 2000 ENVISION UNLIMITED 8 S MICHIGAN AVE CHICAGO IL 60603 NONE PC PROGRAM SUPPORT 10000 EDGEWOOD COLLEGE 1000 EDGEWOOD COLLEGE DR MADISON WI 537111997 NONE PC PROGRAM SUPPORT 5000 LAD LAKE INC 3801 N 88TH ST MILWAUKEE WI 53225 NONE PC PROGRAM SUPPORT 5000 EASTER SEALS SOUTHEAST WISCONSIN INC 1468 N HIGHT POINT RDSUITE 202 MIDDLETON WI 53562 NONE PC PROGRAM SUPPORT 1500 UNITED WAY OF DANE COUNTY PO BOX 7548 MADISON WI 537077548 NONE PC PROGRAM SUPPORT 38000 DISTRICT COUNCIL OF MADISON INC SOCIETY OF ST VINCENT DE PAUL 2033 FISH HATCHERY RD MADISON WI 53713 NONE PC PROGRAM SUPPORT 1000 CHRIST LUTHERAN CHURCH 220 S MAIN ST DEFOREST WI 53532 NONE PC PROGRAM SUPPORT 500 META HOUSE INC 2625 N WEIL ST MILWAUKEE WI 53212 NONE PC PROGRAM SUPPORT 2500 KANDU INDUSTRIES INC 15 PLUMB ST MILTON WI 53563 NONE PC PROGRAM SUPPORT 1000 COMMUNITY ACTION COALITION FOR SOUTH CENTRAL WI 4101 E TOWN BLVD MADISON WI 53704 NONE PC PROGRAM SUPPORT 2000 COMMUNITY COORDINATED CHILD CARE INC 5 ODANA CT MADISON WI 53719 NONE PC PROGRAM SUPPORT 5000 REEDSBURG AREA MEDICAL CENTER FOUNDATION 2090 RIDGEVIEW DR REEDSBURG WI 53959 NONE PC PROGRAM SUPPORT - PMT 1 OF 5000 DISABILITY RIGHTS WISCONSIN INC 131 W WILSON ST STE 700 Madison WI 53703 NONE PC PROGRAM SUPPORT 1000 SPRINGDALE LUTHERAN CHURCH 2752 TOWN HALL ROAD MOUNT HOREB WI 53572 NONE PC PROGRAM SUPPORT 250 BLACKHAWK EVANGELICAL FREE CHURCH 9620 BRADER WAY MIDDLETON WI 53562 NONE PC PROGRAM SUPPORT 1000 WAYFORWARD RESOURCES 3502 PARMENTER STREET MIDDLETON WI 53562 NONE PC PROGRAM SUPPORT 1000 SECOND HARVEST FOODBANK OF SOUTHERN WISCONSIN 2802 DAIRY DR MADISON WI 53718 N/A PC FOOD PANTRY 1000 MAKE-A-WISH FOUNDATION OF WI INC 11020 WEST PLANK COURTSUITE 200 WAUWATOSA WI 53226 NONE PC PROGRAM SUPPORT 1500 THE GRAND OSHKOSH INC PO BOX 1004222 PEARL AVENUE OSHKOSH WI 54901 NONE PC PROGRAM SUPPORT- PMT 5 OF 5 5000 VOGEL FOUNDATION INC 2701 PACKERS AVE MADISON WI 53704 NONE PF SCHOOL SUPPLIES FOR KIDS 2000 RONALD MCDONALD HOUSE OF CHARITIES OF MADISON INC 2716 MARSHALL CT MADISON WI 53705 NONE PC PROGRAM SUPPORT 1500 BRIDGING THE GAP INC 1017 N 17TH ST MILWAUKEE WI 53233 NONE PC PROGRAM SUPPORT 3000 VOLUNTEER CENTER OF EAST CENTRAL WI 1455 MIDWAY RD MENASHA WI 54952 NONE PC PROGRAM SUPPORT 5000 MADISON PUBLIC LIBRARY FOUNDATION INC 201 W MIFFLIN ST MADISON WI 53703 NONE PC PROGRAM SUPPORT 10000 ALDO LEOPOLD NATURE CENTER INC 330 FEMRITE DR MONONA WI 53716 NONE PC PROGRAM SUPPORT 2500 MONTICELLO FOUNDATION INC W 4764 EDELWEISS RD NEW GLARUS WI 53719 NONE PC PROGRAM SUPPORT 200 OZAUKEE NONPROFIT CENTER INC 2360 DAKOTA DRIVE GRAFTON WI 53024 NONE PC PROGRAM SUPPORT 2000 GOODMAN COMMUNITY CENTER INC 214 WAUBESA ST MADISON WI 53704 NONE PC FOOD PANTRY 1000 BOYS AND GIRLS CLUB OF DANE COUNTY INC 5215 VERONA ROAD FITCHBURG WI 53711 NONE PC PROGRAM SUPPORT 125000 LUSSIER COMMUNITY EDUCATION CENTER INC 55 S GAMMON RD MADISON WI 53717 NONE PC FOOD PANTRY 1000 SOUTH CENTRAL LIBRARY SYSTEM FOUNDATION 4610 SOUTH BILTMORE LANE SUITE 101 MADISON WI 537182153 NONE PC GENERAL SUPPORT 1500 REAP FOOD GROUP 306 E WILSON ST SUITE 2W MADISON WI 53703 NONE PC FOOD PANTRY 1000 WISCONSIN CHAMBER ORCHESTRA 321 E MAIN ST MADISON WI 53703 NONE PC FAMILY SERIES CONTRIBUTION 2500 ST JOHN LUTHERAN CHURCH 39506 60TH ST BURLINGTON WI 53105 NONE PC PROGRAM SUPPORT 100 WISCONSIN YOUTH SYMPHONY ORCHESTRAS INC 455 N PARK STREET MADISON WI 53706 NONE PC GENERAL SUPPORT 5000 WHA RESEARCH & EDUCATION FOUNDATION 5510 RESEARCH PARK DR SUITE 200 MADISON WI 53711 NONE PC PROGRAM SUPPORT 2500 GREATER KANSAS CITY COMMUNITY FOUNDATION 8645 COLLEGE BOULEVARDSUITE 110 Overland Park KS 66210 NONE PC PROGRAM SUPPORT 500 THIRD AND LONG FOUNDATION 8301 STATE LINE RDSUITE 110 KANSAS CITY MO 64114 NONE PC PROGRAM SUPPORT 1000 ERIN ANDRA WILSON FOUNDATION 6520 WALMER OVERLAND PARK KS 66202 NONE PC PROGRAM SUPPORT 500 BADGER PRAIRIE NEEDS NETWORK INC 1200 E VERONA AVE VERONA WI 53593 NONE PC FOOD PANTRY 1000 STEVE STRICKER AMERICAN FAMILY INSURANCE FOUNDATION INC 6000 AMERICAN PARKWAY SPARK 8D MADISON WI 53708 NONE PC PROGRAM SUPPORT 15000 WAUNAKEE ECUMENICAL BOARD INC 710 SOUTH ST WAUNAKEE WI 53597 NONE PC PROGRAM SUPPORT 1000 MADISON READING PROJECT INC 1337 GREENWAY CROSS SUITE 186 MADSION WI 53713 NONE PC PROGRAM SUPPORT 500 CATHEDRAL CENTER INC 845 N VAN BUREN ST MILWAUKEE WI 53202 NONE PC PROGRAM SUPPORT 2500 MAYDM INC 3330 UNIVERSITY AVE STE 202 Madison WI 53705 NONE PC PROGRAM SUPPORT 500 OREGON AREA FOOD PANTRY INC 107 N ALPINE PARKWAY OREGON WI 53575 NONE PC PROGRAM SUPPORT 1000 NURSES ON BOARD COALITION C/O KOLLATH CPA 6200 MINERAL POINT RD S MADISON WI 53705 NONE PC PROGRAM SUPPORT 1000 FOUNDATION FOR DANE COUNTY PARKS INC 5201 FEN OAK DR SUITE 208 MADISON WI 53718 NONE PC PROGRAM SUPPORT 1000 THE VILLAGE DIAPER BANK INC 3302 DAIRY DR MADISON WI 537169100 NONE PC PROGRAM SUPPORT 1000 DEFOREST POLICE FOUNDATION 110 S STEVENSON ST DEFOREST WI 53532 NONE PC PROGRAM SUPPORT 500 LIUNA WI CHARITABLE FOUNDATION INC 4633 LIUNA WAY SUITE 101 DEFOREST WI 53532 NONE PC PROGRAM SUPPORT 1000 339150 14 3696 14 60437 18 6543 70676 70676 false false false false false false false false false false X X 1 FIRST BUSINESS BANK 401 CHARMANY MADISON WI 53719 255552 X TAX PREPARATION FEE (NON-ALLOC 1000 500 500 2025 TRANSACTIONS POSTED IN 2026 941 RETURN OF CAPITAL ADJUSTMENT 2914 WASH SALE ADJUSTMENT 4864 ROUNDING 2 2024 TRANSACTIONS POSTED IN 2025 1139 FEE ADJUSTMENT 177 FEDERAL ESTIMATES - PRINCIPAL 679 0 0 FOREIGN TAXES ON QUALIFIED FOR 801 801 0 FOREIGN TAXES ON NONQUALIFIED 238 238 0