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          <State>RESTRICTED</State>
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      <NetUnrealizedGainsInvstAmt>-733907</NetUnrealizedGainsInvstAmt>
      <RevenueNotReportedAmt>-733907</RevenueNotReportedAmt>
      <RevenueSubtotalAmt>1747593</RevenueSubtotalAmt>
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      <TotExpnsEtcAuditedFinclStmtAmt>1205272</TotExpnsEtcAuditedFinclStmtAmt>
      <ExpensesSubtotalAmt>1205272</ExpensesSubtotalAmt>
      <TotalExpensesPerForm990Amt>1205272</TotalExpensesPerForm990Amt>
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      <GrantRecordsMaintainedInd>true</GrantRecordsMaintainedInd>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>JACKSON COUNTY INTERFAITH VOL CARE</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>407 MAIN STREET</AddressLine1Txt>
          <AddressLine2Txt>PO BOX 354</AddressLine2Txt>
          <CityNm>BLACK RIVER FALLS</CityNm>
          <StateAbbreviationCd>WI</StateAbbreviationCd>
          <ZIPCd>54615</ZIPCd>
        </USAddress>
        <RecipientEIN>391607707</RecipientEIN>
        <IRCSectionDesc>501C3</IRCSectionDesc>
        <CashGrantAmt>10000</CashGrantAmt>
        <PurposeOfGrantTxt>SEE PART IV BELOW</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>NEVER FORGOTTEN HONOR FLIGHT INC</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>225780 RIB MOUNTAIN DR 234</AddressLine1Txt>
          <CityNm>WAUSAU</CityNm>
          <StateAbbreviationCd>WI</StateAbbreviationCd>
          <ZIPCd>54401</ZIPCd>
        </USAddress>
        <RecipientEIN>274271620</RecipientEIN>
        <IRCSectionDesc>501C3</IRCSectionDesc>
        <CashGrantAmt>5315</CashGrantAmt>
        <PurposeOfGrantTxt>SEE PART IV BELOW</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>SOUTH WOOD COUNTY YMCA</BusinessNameLine1Txt>
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        <USAddress>
          <AddressLine1Txt>601 W GRAND AVE</AddressLine1Txt>
          <CityNm>WISCONSIN RAPIDS</CityNm>
          <StateAbbreviationCd>WI</StateAbbreviationCd>
          <ZIPCd>54495</ZIPCd>
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        <RecipientEIN>390929462</RecipientEIN>
        <IRCSectionDesc>501C3</IRCSectionDesc>
        <CashGrantAmt>50000</CashGrantAmt>
        <PurposeOfGrantTxt>SEE PART IV BELOW</PurposeOfGrantTxt>
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      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>WECA (WI ELECTRIC COOP ASSOC)</BusinessNameLine1Txt>
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        <USAddress>
          <AddressLine1Txt>222 W WASHINGTON AVE 680</AddressLine1Txt>
          <CityNm>MADISON</CityNm>
          <StateAbbreviationCd>WI</StateAbbreviationCd>
          <ZIPCd>53703</ZIPCd>
        </USAddress>
        <RecipientEIN>391163563</RecipientEIN>
        <IRCSectionDesc>501C6</IRCSectionDesc>
        <CashGrantAmt>32714</CashGrantAmt>
        <PurposeOfGrantTxt>SEE PART IV BELOW</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>DOLLYWOOD FOUNDATION</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>111 DOLLYWOOD LANE</AddressLine1Txt>
          <CityNm>PIGEON FORGE</CityNm>
          <StateAbbreviationCd>TN</StateAbbreviationCd>
          <ZIPCd>378634113</ZIPCd>
        </USAddress>
        <RecipientEIN>621348105</RecipientEIN>
        <IRCSectionDesc>501C3</IRCSectionDesc>
        <CashGrantAmt>20000</CashGrantAmt>
        <PurposeOfGrantTxt>SEE PART IV BELOW</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>GLIDDEN AREA DEVELOPMENT CORP</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>PO BOX 14</AddressLine1Txt>
          <CityNm>GLIDDEN</CityNm>
          <StateAbbreviationCd>WI</StateAbbreviationCd>
          <ZIPCd>54527</ZIPCd>
        </USAddress>
        <RecipientEIN>453140814</RecipientEIN>
        <IRCSectionDesc>501C3</IRCSectionDesc>
        <CashGrantAmt>10000</CashGrantAmt>
        <PurposeOfGrantTxt>SEE PART IV BELOW</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>JACKSON COUNTY JR LIVESTOCK SALE CO</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>PO BOX 820</AddressLine1Txt>
          <CityNm>BLACK RIVER FALLS</CityNm>
          <StateAbbreviationCd>WI</StateAbbreviationCd>
          <ZIPCd>54615</ZIPCd>
        </USAddress>
        <RecipientEIN>390827035</RecipientEIN>
        <IRCSectionDesc>501C3</IRCSectionDesc>
        <CashGrantAmt>7573</CashGrantAmt>
        <PurposeOfGrantTxt>SEE PART IV BELOW</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>SECOND HARVEST FOOD BANK OF S WI</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>2802 DAIRY DRIVE</AddressLine1Txt>
          <CityNm>MADISON</CityNm>
          <StateAbbreviationCd>WI</StateAbbreviationCd>
          <ZIPCd>53718</ZIPCd>
        </USAddress>
        <RecipientEIN>391490691</RecipientEIN>
        <IRCSectionDesc>501C3</IRCSectionDesc>
        <CashGrantAmt>7500</CashGrantAmt>
        <PurposeOfGrantTxt>SEE PART IV BELOW</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>SECOND HARVEST HEARTLAND</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>7101 WINNETKA AVE N</AddressLine1Txt>
          <CityNm>BROOKLYN PARK</CityNm>
          <StateAbbreviationCd>MN</StateAbbreviationCd>
          <ZIPCd>55428</ZIPCd>
        </USAddress>
        <RecipientEIN>237417654</RecipientEIN>
        <IRCSectionDesc>501C3</IRCSectionDesc>
        <CashGrantAmt>7500</CashGrantAmt>
        <PurposeOfGrantTxt>SEE PART IV BELOW</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>VERNON ELECTRIC COOPERATIVE</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>110 SAUGSTAD RD</AddressLine1Txt>
          <CityNm>WESTBY</CityNm>
          <StateAbbreviationCd>WI</StateAbbreviationCd>
          <ZIPCd>54667</ZIPCd>
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        <RecipientEIN>390677390</RecipientEIN>
        <IRCSectionDesc>501C12</IRCSectionDesc>
        <CashGrantAmt>7271</CashGrantAmt>
        <PurposeOfGrantTxt>SEE PART IV BELOW</PurposeOfGrantTxt>
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      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>DANE ARTS MURAL ARTS</BusinessNameLine1Txt>
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          <AddressLine1Txt>5004 ALLIS AVE</AddressLine1Txt>
          <CityNm>MADISON</CityNm>
          <StateAbbreviationCd>WI</StateAbbreviationCd>
          <ZIPCd>53716</ZIPCd>
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        <IRCSectionDesc>501C3</IRCSectionDesc>
        <CashGrantAmt>12467</CashGrantAmt>
        <PurposeOfGrantTxt>SEE PART IV BELOW</PurposeOfGrantTxt>
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      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>ROCK ENERGY COOP-SOUTH BELOIT FIRE</BusinessNameLine1Txt>
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          <AddressLine1Txt>429 GARDNER ST</AddressLine1Txt>
          <CityNm>SOUTH BELOIT</CityNm>
          <StateAbbreviationCd>IL</StateAbbreviationCd>
          <ZIPCd>61080</ZIPCd>
        </USAddress>
        <RecipientEIN>366006106</RecipientEIN>
        <CashGrantAmt>15211</CashGrantAmt>
        <PurposeOfGrantTxt>SEE PART IV BELOW</PurposeOfGrantTxt>
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        <GrantTypeTxt>SCHOLARSHIPS FOR STUDENTS</GrantTypeTxt>
        <RecipientCnt>669</RecipientCnt>
        <CashGrantAmt>647400</CashGrantAmt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE I, PAGE 1, PART I, LINE 2</FormAndLineReferenceDesc>
        <ExplanationTxt>THE COOPERATIVES THAT MAKE CONTRIBUTIONS TO THE FOUNDATION HAVE SELECTION COMMITTEES THAT DETERMINE THE INDIVIDUALS OR ORGANIZATIONS THAT ARE TO RECEIVE ASSISTANCE FROM THE FOUNDATION. THE SELECTION COMMITTEES ARE MADE UP OF BUSINESS PROFESSIONALS AND EDUCATORS. SCHOLARSHIP CHECKS ARE ISSUED TO THE RECIPIENTS SCHOOL TO ENSURE THAT THE MONEY IS USED FOR ITS INTENDED PURPOSE. CHARITABLE CONTRIBUTIONS ARE ISSUED TO THE ORGANIZATIONS SELECTED BY THE COOPERATIVES SELECTION COMMITTEE. CHARITABLE CONTRIBUTIONS ARE RECOMMENDED TO FEDERATED YOUTH FOUNDATION, INC. BY THE COOPERATIVES SELECTION COMMITTEEE AND THE FEDERATED YOUTH FOUNDATION APPROVES OR DISAPPROVES REQUESTS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE I, PAGE 4, PART IV</FormAndLineReferenceDesc>
        <ExplanationTxt>PART II, LINE 1, COLUMN (H): NAME OF ORGANIZATION OR GOVERNMENT: JACKSON COUNTY INTERFAITH VOLUNTEER CAREGIVERS (H) PURPOSE OF GRANT OR ASSISTANCE: TO MEET THE NEEDS OF THE COMMUNITY PART II, LINE 2, COLUMN (H): NAME OF ORGANIZATION OR GOVERNMENT: NEVER FORGETTEN HONOR FLIGHT INC (H) PURPOSE OF GRANT OR ASSISTANCE: HONOR FLIGHTS FOR VETERANS PART II, LINE 3, COLUMN (H): NAME OF ORGANIZATION OR GOVERNMENT: SOUTH WOOD COUNTY YMCA (H) PURPOSE OF GRANT OR ASSISTANCE: ANNUAL OPERATING GIFT PART II, LINE 4, COLUMN (H): NAME OF ORGANIZATION OR GOVERNMENT: WECA (WI ELECTRIC COOPERATIVE ASSOCIATION) (H) PURPOSE OF GRANT OR ASSISTANCE: VACCINATION OUTREACH PROJECT AND NRECA YOUTH TOUR PART II, LINE 5, COLUMN (H): NAME OF ORGANIZATION OR GOVERNMENT: DOLLYWOOD FOUNDATION (H) PURPOSE OF GRANT OR ASSISTANCE: BOOKS PART II, LINE 6, COLUMN (H): NAME OF ORGANIZATION OR GOVERNMENT: GLIDDEN AREA DEVELOPMENT CORPORATION (H) PURPOSE OF GRANT OR ASSISTANCE: WORKING TO ADD ADA COMPLIANT BATHROOMS/CHANGING ROOMS AND A PAVILLION TO THE GORDON LAKE BEACH PART II, LINE 7, COLUMN (H): NAME OF ORGANIZATION OR GOVERNMENT: JACKSON COUNTY JUNIOR LIVESTOCK SALE COMMITTEE (H) PURPOSE OF GRANT OR ASSISTANCE: TO SUPPORT OVERALL LIVESTOCK INDUSTRY PART II, LINE 8, COLUMN (H): NAME OF ORGANIZATION OR GOVERNMENT: SECOND HARVEST FOOD BANK OF SOUTHERN WISCONSIN (H) PURPOSE OF GRANT OR ASSISTANCE: TO PURCHASE FOOD FOR THOSE IN NEED PART II, LINE 9, COLUMN (H): NAME OF ORGANIZATION OR GOVERNMENT: SECOND HARVEST HEARTLAND (H) PURPOSE OF GRANT OR ASSISTANCE: TO PURCHASE FOOD FOR THOSE IN NEED PART II, LINE 10, COLUMN (H): NAME OF ORGANIZATION OR GOVERNMENT: VERNON ELECTRIC COOPERATIVE (H) PURPOSE OF GRANT OR ASSISTANCE: TO HELP LOCAL YOUTH RAISING ANIMALS FOR THE FAIR PART II, LINE 11, COLUMN (H): NAME OF ORGANIZATION OR GOVERNMENT: DANE ARTS MURAL ARTS (H) PURPOSE OF GRANT OR ASSISTANCE: ART PROGRAM PART II, LINE 12, COLUMN (H): NAME OF ORGANIZATION OR GOVERNMENT: ROCK ENERGY COOPERATIVE-SOUTH BELOIT FIRE DEPT (H) PURPOSE OF GRANT OR ASSISTANCE: NOT SPECIFIED ON REQUEST</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990, PAGE 2, PART III, LINE 4D</FormAndLineReferenceDesc>
        <ExplanationTxt>EDUCATION FUND GRANTS</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>EXPLANATION: THE COOPERATIVES THAT PROVIDE CONTRIBUTIONS ARE THE MEMBERS OF THE ORGANIZATION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>EXPLANATION: DELEGATES FROM THE COOPERATIVES ELECT MEMBERS TO THE BOARD OF DIRECTORS AT THE ANNUAL MEETING.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7B</FormAndLineReferenceDesc>
        <ExplanationTxt>EXPLANATION: MEMBERS VOTE ON DECISIONS OF THE GOVERNING BODY AT THE ANNUAL MEETING.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>EXPLANATION: A FINAL COPY OF FORM 990 IS MAILED TO EACH BOARD MEMBER BEFORE IT IS FILED. THE EXECUTIVE DIRECTOR AND THE BOARD MEMBERS REVIEW FORM 990 VIA A CONFERENCE CALL TO APPROVE FORM 990 FOR FILING.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>BOARD MEMBERS ARE REQUIRED TO PROVIDE ANNUALLY A LISTING OF AFFILIATIONS. THE BOARD OF DIRECTORS ADDRESSES CONFLICTS AS THEY ARISE TO DETERMINE THE APPROPRIATE ACTION TO TAKE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>DOCUMENTATION IS AVAILABLE UPON REQUEST.</ExplanationTxt>
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  </ReturnData>
</Return>
