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        <Identifier>DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:</Identifier>
        <ReturnReference>PART X:</ReturnReference>
        <Explanation>THE FOUNDATION WILL RECOGNIZE ANY ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED BENEFITS IN INCOME TAX, IF INCURRED. THE FOUNDATION'S PREVIOUS THREE TAX YEARS ARE OPEN FOR EXAMINATION BY THE INTERNAL REVENUE SERVICE.</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleI documentId="RetDoc1041900001">
      <RecordsMaintained>1</RecordsMaintained>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>COOPERATIVE NETWORK</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>1 S PINCKNEY STREET</AddressLine1>
          <City>MADISON</City>
          <State>WI</State>
          <ZIPCode>53703</ZIPCode>
        </AddressUS>
        <EINOfRecipient>391128018</EINOfRecipient>
        <IRCSection>501(C)(3)</IRCSection>
        <AmountOfCashGrant>12392</AmountOfCashGrant>
        <PurposeOfGrant>COOPERATIVE NETWORK REGISTERED YOUTH TO ATTEND THE NRECA YOUTH TOUR IN WASHINGTON D.C. &amp; COORDINATED ARRANGEMENTS FOR THE COOPERATIVE NETWORK YOUTH BOARD TOUR OF MINNESOTA AND WISCONSIN COOPERATIVES.</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>LUXEMBURG CASCO FFA ALUMNI</BusinessNameLine1>
        </RecipientNameBusiness>
        <EINOfRecipient>391555853</EINOfRecipient>
        <IRCSection>501(C)(3)</IRCSection>
        <AmountOfCashGrant>6708</AmountOfCashGrant>
        <PurposeOfGrant>ANNUAL SCHOLARSHIPS</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>FRIENDS OF THE ST CROIX COUNTY FAIRPLEX</BusinessNameLine1>
        </RecipientNameBusiness>
        <EINOfRecipient>270506251</EINOfRecipient>
        <IRCSection>501(C)(3)</IRCSection>
        <AmountOfCashGrant>8000</AmountOfCashGrant>
        <PurposeOfGrant>FAIR GROUND IMPROVEMENTS AND A NEW DAIRY BARN</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>PARDEEVILLE FFA ALUMNI</BusinessNameLine1>
        </RecipientNameBusiness>
        <EINOfRecipient>391830897</EINOfRecipient>
        <IRCSection>501(C)(3)</IRCSection>
        <AmountOfCashGrant>10000</AmountOfCashGrant>
        <PurposeOfGrant>NEW POTTING SHED AND STORAGE FOR PARDEEVILEE HIGH SCHOOL FFA</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>DENMARK FFA ALUMNI</BusinessNameLine1>
        </RecipientNameBusiness>
        <EINOfRecipient>391485837</EINOfRecipient>
        <IRCSection>501(C)(3)</IRCSection>
        <AmountOfCashGrant>20123</AmountOfCashGrant>
        <PurposeOfGrant>ANNUAL SCHOLARSHIPS</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <PurposeOfGrant>TO BUILD A NEW CATTLE BARN AT THE LANGLADE COUNTY FAIRGROUNDS</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>SOUTHERN WISCONSIN AGRICULTURAL GROUP INC</BusinessNameLine1>
        </RecipientNameBusiness>
        <EINOfRecipient>453077045</EINOfRecipient>
        <IRCSection>501(C)(3)</IRCSection>
        <AmountOfCashGrant>45000</AmountOfCashGrant>
        <PurposeOfGrant>TO PROVIDE FUNDS FOR A FEASIBILITY STUDY</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>FOUNDATION FOR RURAL HOUSING INC</BusinessNameLine1>
        </RecipientNameBusiness>
        <EINOfRecipient>391395627</EINOfRecipient>
        <IRCSection>501(C)(3)</IRCSection>
        <AmountOfCashGrant>10830</AmountOfCashGrant>
        <PurposeOfGrant>TO ASSIST LOW INCOME FAMILIES TO FIND ADEQUATE, SAFE AND SANITARY HOUSING</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>CHIPPEWA VALLEY TECHNICAL COLLEGE FOUNDATION</BusinessNameLine1>
        </RecipientNameBusiness>
        <EINOfRecipient>391233557</EINOfRecipient>
        <IRCSection>501(C)(3)</IRCSection>
        <AmountOfCashGrant>6500</AmountOfCashGrant>
        <PurposeOfGrant>TO HELP BUILD AN ENERGY EDUCATION CENTER FOR STUDENTS</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>PULASKI TRI-COUNTY FIRE DEPARTMENT</BusinessNameLine1>
        </RecipientNameBusiness>
        <EINOfRecipient>391463115</EINOfRecipient>
        <AmountOfCashGrant>5600</AmountOfCashGrant>
        <PurposeOfGrant>TO HELP PAY EXPENSES FOR A FIRE THAT DESTROYED BUSINESSES AND DISPLACED RESIDENTS</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>LANGLADE COUNTY ECONOMIC DEVELOPMENT CORPORATION</BusinessNameLine1>
        </RecipientNameBusiness>
        <EINOfRecipient>262179693</EINOfRecipient>
        <IRCSection>501(C)(3)</IRCSection>
        <AmountOfCashGrant>25000</AmountOfCashGrant>
        <PurposeOfGrant>TO BUILD A NEW CATTLE BARN AT THE LANGLADE COUNTY FAIRGROUNDS</PurposeOfGrant>
      </RecipientTable>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>SCHOLARSHIPS FOR STUDENTS ATTENDING A POST-SECONDARY SCHOOL</TypeOfGrant>
        <NumberOfRecipients>546</NumberOfRecipients>
        <AmountOfCashGrant>359640</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIV>
        <Identifier>PROCEDURE FOR MONITORING GRANTS IN THE U.S.:</Identifier>
        <ReturnReference>PART I, LINE 2:</ReturnReference>
        <Explanation>SCHEDULE I, PART I, LINE 2: 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 COMMITTEE AND THE FEDERATED YOUTH FOUNDATION APPROVES OR DISAPPROVES REQUESTS.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION A, LINE 6</ReturnReference>
        <Explanation>THE COOPERATIVES THAT PROVIDE CONTRIBUTIONS ARE THE MEMBERS OF THE ORGANIZATION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION A, LINE 7A</ReturnReference>
        <Explanation>DELEGATES FROM THE COOPERATIVES ELECT MEMBERS TO THE BOARD OF DIRECTORS AT THE ANNUAL MEETING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION A, LINE 7B</ReturnReference>
        <Explanation>MEMBERS VOTE ON DECISIONS OF THE GOVERNING BODY AT THE ANNUAL MEETING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 11</ReturnReference>
        <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.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>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.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>DOCUMENTATION IS AVAILABLE UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>CHANGES IN NET ASSETS OR FUND BALANCES:</Identifier>
        <ReturnReference>FORM 990, PART XI, LINE 5:</ReturnReference>
        <Explanation>NET UNREALIZED GAINS ON INVESTMENTS: 93,217.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART XII, LINE, 2C:</ReturnReference>
        <Explanation>THE PROCESS HAS NOT CHANGED SINCE PRIOR YEAR.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>