Fifth Third Chicagoland Foundation

ROSEMONT, IL EIN: 20-3216854

Fifth Third Chicagoland Foundation is a private independent foundation established in 2006 and based in Rosemont, Illinois. It is a company-sponsored foundation affiliated with Fifth Third Bank, operating as a 501(c)(3) organization designated for philanthropic and grantmaking purposes.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

-100.0% YoY

Annual Giving

$1.5M

-60.4% YoY

Grant Count

38

-62.0% YoY

Avg Grant Size

$39K

+4.1% YoY

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation supports organizations involved with preservation, health, mental health, housing, human services, community economic development, and civic affairs. Special emphasis is directed toward programs designed to serve low- and moderate-income communities and households.

Primary funding areas include:

  • Education
  • Philanthropy, Voluntarism & Grantmaking
  • Human Services
  • Community Development
  • Health and Mental Health
  • Housing
  • Civic Affairs

Grantmaking

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Geographic Focus

Where this funder awards grants

The foundation is headquartered in Rosemont, Illinois, with a primary focus on the Chicagoland region and broader service areas including Illinois, Massachusetts, and Indiana.

Grant Distribution by State

6states

Cities

AuroraBostonChicagoChicago HeightsCiceroCountrysidDorchesterEvanstonGlenviewHammondHillsideHomewoodLa GrangeLagrangeLibertyvilleLos AngelesLousivilleMerrillvileMooseheartMunster

Financial History

Multi-year comparison from IRS filings

Based on the most recent 2023 tax filing:

  • Total Assets: $0
  • Total Giving: $1,466,508
  • Revenue: $33,900

The foundation filed a final return as of 2023.

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$2M$3M$4M2020202120222023
Metric202320222021
Total Assets$1,469,413$5,015,648
Revenue$33,921$202,801$105,177
Expenses$1,502,831$3,749,035$3,464,901
Qualifying Distributions$1,493,448$3,720,464$3,422,074
Net Investment Income$32,403$225,044$86,358
Distributable Amount$22,554$187,924$110,012

Giving Over Time

Total grant dollars and number of grants per year

$0$927K$2M$3M$4M91 grants202082 grants2021100 grants202238 grants2023

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2023

CLARETIAN ASSOCIATES$522KWORLD BUSINESS CHICAGO$100KALLIES FOR COMMUNITY BUS…$75KTHE RESURRECTION PROJECT$50KGREATER CHICAGO FOOD DEP…$45KBICKERDIKE REDEVELOPMENT…$40KDOMINICAN UNIVERSITY$40KTHE THRESHOLDS$40KWOODSTOCK INSTITUTE$40KHOUSING OPPORTUNITIES FO…$35K

Grant Size Distribution

188 grants across all recorded years

161<$50K12$50–100K9$100–250K1$250–500K4$500K–1M1$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

From 2023 filing

NameTitleHoursCompensation
HEIDI B JARKPRESIDENT, SECRETARY & DIRECTOR8
MICHAEL F KENNEDYVICE PRESIDENT, TREASURER & DIRECTOR4
MARK HOPPEDIRECTOR4

Recent News & Activity

Recent developments and announcements

Fifth Third Bank's broader community investment strategy includes the Neighborhood Program, a multi-year, place-based approach aimed at accelerating revitalization in nine historically underinvested communities within Fifth Third's footprint. In South Chicago specifically, Fifth Third committed up to $20 million in lending and investment for affordable housing, small business development, and community-driven projects, working in collaboration with residents and local partners.

Fifth Third Builds a New Model for\_Community Development in South Chicago\

Subject Areas

Focus areas based on grantmaking activity

Related Funders

Similar funders by location and focus area

Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.

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