﻿<?xml version="1.0" encoding="utf-8"?>
<Return returnVersion="2016v3.0" xsi:schemaLocation="http://www.irs.gov/efile" xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2017-05-11T12:48:15-07:00</ReturnTs>
    <TaxPeriodEndDt>2016-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmName>
        <BusinessNameLine1Txt>Porter &amp; Sack CPAs SC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>6515 Watts Road Suite 200</AddressLine1Txt>
        <CityNm>Madison</CityNm>
        <StateAbbreviationCd>WI</StateAbbreviationCd>
        <ZIPCd>537192726</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2016-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>453014394</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>Forest Foundation Inc</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>FORE</BusinessNameControlTxt>
      <PhoneNum>6082386830</PhoneNum>
      <USAddress>
        <AddressLine1Txt>126 Forest Street</AddressLine1Txt>
        <CityNm>Madison</CityNm>
        <StateAbbreviationCd>WI</StateAbbreviationCd>
        <ZIPCd>53726</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>Ronald Klein</PersonNm>
      <PersonTitleTxt>President</PersonTitleTxt>
      <SignatureDt>2017-05-11</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>Mark D Krebsbach</PreparerPersonNm>
      <PTIN>P00493016</PTIN>
      <PhoneNum>6082338333</PhoneNum>
    </PreparerPersonGrp>
    <TaxYr>2016</TaxYr>
    <BuildTS>2021-01-29 14:40:06Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="9">
    <IRS990PF documentId="IRS990PF" referenceDocumentId="GeneralExplanation" softwareId="16000303" softwareVersionNum="2016v3.0">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>979298</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>51</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>51</InterestOnSavNetInvstIncmAmt>
        <InterestOnSavingsAdjNetIncmAmt>51</InterestOnSavingsAdjNetIncmAmt>
        <DividendsRevAndExpnssAmt>21493</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>21493</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>21493</DividendsAdjNetIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>33731</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>625351</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>33731</CapGainNetIncmNetInvstIncmAmt>
        <NetSTCapitalGainAdjNetIncmAmt>19250</NetSTCapitalGainAdjNetIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="OtherIncomeSchedule2">539</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>539</OtherIncomeNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>55814</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>55814</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>40794</TotalAdjNetIncmAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="AccountingFeesSchedule">1191</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>1191</AccountingFeesNetInvstIncmAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="OtherProfessionalFeesSchedule">6552</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>6552</OtherProfFeesNetInvstIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">-963</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>455</TaxesNetInvstIncmAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSchedule AmortizationSchedule">305</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>305</OtherExpensesNetInvstIncmAmt>
        <TotOprExpensesRevAndExpnssAmt>7085</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>8503</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>48000</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>48000</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>55085</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>8503</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>48000</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>729</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>47311</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>40794</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>3727</CashBOYAmt>
        <CashEOYAmt>2536</CashEOYAmt>
        <CashEOYFMVAmt>2536</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>160214</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>65727</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>65727</SavAndTempCashInvstEOYFMVAmt>
        <PrepaidExpensesEOYAmt>1418</PrepaidExpensesEOYAmt>
        <PrepaidExpensesEOYFMVAmt>1418</PrepaidExpensesEOYFMVAmt>
        <CorporateStockBOYAmt>385825</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="InvestmentsCorpStockSchedule">327190</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>403576</CorporateStockEOYFMVAmt>
        <CorporateBondsBOYAmt>242907</CorporateBondsBOYAmt>
        <CorporateBondsEOYAmt referenceDocumentId="InvestmentsCorpBondsSchedule">336236</CorporateBondsEOYAmt>
        <CorporateBondsEOYFMVAmt>336415</CorporateBondsEOYFMVAmt>
        <OtherInvestmentsBOYAmt>100556</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="InvestmentsOtherSchedule2">160851</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>169626</OtherInvestmentsEOYFMVAmt>
        <TotalAssetsBOYAmt>893229</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>893958</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>979298</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowSFAS117Ind>X</OrgDoesNotFollowSFAS117Ind>
        <CapitalStockBOYAmt>300000</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>300000</CapitalStockEOYAmt>
        <RetainedEarningBOYAmt>593229</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>593958</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>893229</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>893958</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>893229</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>893958</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>893229</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>729</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>893958</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>893958</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Johnson Bank-Details Available</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2016-01-01</AcquiredDt>
          <SoldDt>2016-03-01</SoldDt>
          <GrossSalesPriceAmt>416032</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>396782</CostOrOtherBasisAmt>
          <GainOrLossAmt>19250</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>19250</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Johnson Bank-Details Available</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-01-01</AcquiredDt>
          <SoldDt>2016-03-01</SoldDt>
          <GrossSalesPriceAmt>206049</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>194838</CostOrOtherBasisAmt>
          <GainOrLossAmt>11211</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>11211</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Capital Gain Distributions</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-01-01</AcquiredDt>
          <SoldDt>2016-03-01</SoldDt>
          <GrossSalesPriceAmt>3270</GrossSalesPriceAmt>
          <GainOrLossAmt>3270</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3270</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>33731</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>19250</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>false</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>46091</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>846915</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.05442</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>32502</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>691169</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.04703</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>27184</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>592345</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.04589</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>12200</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>424324</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.02875</DistributionYr4Rt>
        <NetVlNoncharitableAssetsYr5Amt>24730</NetVlNoncharitableAssetsYr5Amt>
        <TotalDistributionRt>0.176091</TotalDistributionRt>
        <AverageDistributionRt>0.035218</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>948746</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>33413</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>473</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>33886</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>48000</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <DomesticOrgMeetingSect4940eInd>X</DomesticOrgMeetingSect4940eInd>
        <InvestmentIncomeExciseTaxAmt>473</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>473</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>473</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>1891</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>1891</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>1418</OverpaymentAmt>
        <AppliedToESTaxAmt>1418</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <Form990TFiledInd>false</Form990TFiledInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>false</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>WI</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>Ronald Klein</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>6082386830</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>126 Forest Street</AddressLine1Txt>
          <CityNm>Madison</CityNm>
          <StateAbbreviationCd>WI</StateAbbreviationCd>
          <ZIPCd>53726</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <ActsFailToQlfyAsExceptionsInd>false</ActsFailToQlfyAsExceptionsInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <UndistrIncmSect4942a2NotAppInd>false</UndistrIncmSect4942a2NotAppInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <ExcessBusinessHoldingsInd>false</ExcessBusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <TransactionsFailToQlfyAsExcInd>false</TransactionsFailToQlfyAsExcInd>
        <MaintainedExpenditureRspnsInd>false</MaintainedExpenditureRspnsInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <ProceedsOrNetIncomeInd>false</ProceedsOrNetIncomeInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Ronald Klein</PersonNm>
          <USAddress>
            <AddressLine1Txt>126 Forest Street</AddressLine1Txt>
            <CityNm>Madison</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53726</ZIPCd>
          </USAddress>
          <TitleTxt>President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Barbara E Klein</PersonNm>
          <USAddress>
            <AddressLine1Txt>126 Forest Street</AddressLine1Txt>
            <CityNm>Madison</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53726</ZIPCd>
          </USAddress>
          <TitleTxt>Vice President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Daniel A Klein</PersonNm>
          <USAddress>
            <AddressLine1Txt>126 Forest Street</AddressLine1Txt>
            <CityNm>Madison</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53726</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>Funds paid to other 501(c)(3) organizations for operations and programs.</Description1Txt>
        <Expenses1Amt>48000</Expenses1Amt>
      </SummaryOfDirectChrtblActyGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>875996</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>87198</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>963194</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>963194</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>14448</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>948746</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>47437</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>47437</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>473</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>473</TotalTaxAmt>
        <DistributableBeforeAdjAmt>46964</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>46964</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>46964</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>48000</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>48000</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>473</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>47527</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>46964</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr2Amt>1139</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>5563</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>6702</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>48000</QualifyingDistributionsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>46964</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>1036</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>7738</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>7738</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear2Amt>1139</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>5563</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>1036</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Brooklyn College Fund</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2900 Bedford Ave</AddressLine1Txt>
            <CityNm>Brooklyn</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11210</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>Charity</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>General Operations</GrantOrContributionPurposeTxt>
          <Amt>4000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Planned Parenthood of WI Inc</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO Box 2566</AddressLine1Txt>
            <CityNm>Madison</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53701</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>Charity</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Support of Justice Fund</GrantOrContributionPurposeTxt>
          <Amt>13000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Women's Medical Fund Inc</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO Box 248</AddressLine1Txt>
            <CityNm>Madison</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53701</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>Charity</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>General Operations</GrantOrContributionPurposeTxt>
          <Amt>8000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Madison Public Library Fdn Inc</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>201 W Wilson Street</AddressLine1Txt>
            <CityNm>Madison</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53700</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>Charity</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Support of Monroe Street Liabrary Branch</GrantOrContributionPurposeTxt>
          <Amt>2000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Jewish Foundation Inc</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>135 E 64th Street</AddressLine1Txt>
            <CityNm>New York</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10065</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>Charity</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Support of Kitty Holdner Kobrin and Barbara Eden Kobrin Scholarship Fund</GrantOrContributionPurposeTxt>
          <Amt>9000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Wisconsin Public Radio</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>821 University Ave</AddressLine1Txt>
            <CityNm>Madison</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53706</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>Charity</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>General Operations</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Four Seasons Theatre</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO Box 55032</AddressLine1Txt>
            <CityNm>Madison</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53705</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>Charity</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Encourages the development of drama, music, dance and technical skills through educational outreach.</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Goodman Community Center</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>149 Waubesa Street</AddressLine1Txt>
            <CityNm>Madison</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53704</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>Charity</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>General Operations</GrantOrContributionPurposeTxt>
          <Amt>2000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Madison Music Makers</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>705 Edgewood Avenue</AddressLine1Txt>
            <CityNm>Madison</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53711</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>Charity</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Support local children learning bass, violin and guitar</GrantOrContributionPurposeTxt>
          <Amt>2000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>UW Foundation - Odyssey Project Fun</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>21 N Park St Room 7468</AddressLine1Txt>
            <CityNm>Madison</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53715</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>Charity</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>To empower low income adults to find their voices and get a jumpstart on earning college degrees.</GrantOrContributionPurposeTxt>
          <Amt>1250</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>The Julliard School</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>60 Lincoln Center Plaza</AddressLine1Txt>
            <CityNm>New York</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10023</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>Charity</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>General Operations</GrantOrContributionPurposeTxt>
          <Amt>1250</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Jewish Social Services Madison INC</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>6434 Enterprise Lane</AddressLine1Txt>
            <CityNm>Madison</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53719</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>Charity</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Provide social servives and help individuals and families access needed assistance</GrantOrContributionPurposeTxt>
          <Amt>500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Madison Senior Center Fdtn</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>330 W Mifflin St</AddressLine1Txt>
            <CityNm>Madison</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53703</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PF</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>General Operations</GrantOrContributionPurposeTxt>
          <Amt>500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Equal Justice Initiative</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>122 Commerce Street</AddressLine1Txt>
            <CityNm>Montgomery</CityNm>
            <StateAbbreviationCd>AL</StateAbbreviationCd>
            <ZIPCd>36104</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>Charity</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Provides legal representation to prisoners who may have been wrongly convicted, poor prisoners, and others who may have been denied a fair trial.</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>48000</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>51</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>21493</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>33731</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>Mutual Fund Income</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>217</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>Nondividend Income</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>322</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>55814</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>55814</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="AccountingFeesSchedule" softwareId="16000303" softwareVersionNum="2016v3.0">
      <AccountingFeesDetail>
        <CategoryTxt>Tax Return Preparation Fees</CategoryTxt>
        <Amt>1191</Amt>
        <NetInvestmentIncomeAmt>1191</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsCorpBondsSchedule documentId="InvestmentsCorpBondsSchedule" softwareId="16000303" softwareVersionNum="2016v3.0">
      <InvestmentsCorporateBondsGrp>
        <EOYBookValueAmt>336236</EOYBookValueAmt>
        <EOYFMVAmt>336415</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestmentsCorpStockSchedule" softwareId="16000303" softwareVersionNum="2016v3.0">
      <InvestmentsCorporateStockGrp>
        <EOYBookValueAmt>327190</EOYBookValueAmt>
        <EOYFMVAmt>403576</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="InvestmentsOtherSchedule2" softwareId="16000303" softwareVersionNum="2016v3.0">
      <InvestmentsOtherGrp>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>160851</BookValueAmt>
        <EOYFMVAmt>169626</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="16000303" softwareVersionNum="2016v3.0">
      <OtherExpensesScheduleGrp>
        <Desc>Other</Desc>
        <RevenueAndExpensesPerBooksAmt>305</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>305</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSchedule2" softwareId="16000303" softwareVersionNum="2016v3.0">
      <OtherIncomeDetail>
        <Desc>Mutual Fund Income</Desc>
        <RevenueAndExpensesPerBooksAmt>217</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>217</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>Nondividend Income</Desc>
        <RevenueAndExpensesPerBooksAmt>322</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>322</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedule" softwareId="16000303" softwareVersionNum="2016v3.0">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>Investment Advisory Fees</CategoryTxt>
        <Amt>6552</Amt>
        <NetInvestmentIncomeAmt>6552</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="16000303" softwareVersionNum="2016v3.0">
      <TaxesDetail>
        <CategoryTxt>Foreign Taxes</CategoryTxt>
        <Amt>455</Amt>
        <NetInvestmentIncomeAmt>455</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>Prior Year Tax Payment Adj.</CategoryTxt>
        <Amt>1418</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>