First Bank Chicago Foundation
type: exa:news title: "2024 Community First<sup>\xAE</sup> Accelerate Grants for Small Business\ \ Opening on June 3" type: exa:news title: "Community First\xAE Accelerate Grants for Small Business 2022 Awards Announcement" type: exa:news title: FHLBank Chicago Accepting Capacity-Building Grant Applications
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$17K
+4.5% YoY
Annual Giving
$452K
+5.2% YoY
Grant Count
144
+1.4% YoY
Avg Grant Size
$3K
+3.8% YoY
Under IRS private-foundation payout rules, First Bank Chicago Foundation reported a distributable amount of $17K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding interests include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
Grant Range
** Typical awards range from $50 to $37,775
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking focuses primarily on Illinois, Wisconsin, and Pennsylvania.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $16,060 - $16,784
- Total Revenue: $426,000
- Total Expenses: $434,000
- Total Liabilities: $0
As of 2024:
- Total Assets: $16,784
- Total Giving: $451,356
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $16,784 | $16,060 | $23,420 |
| Revenue | $452,613 | $426,155 | $450,149 |
| Expenses | $457,739 | $433,515 | $492,401 |
| Qualifying Distributions | $453,576 | $431,493 | $489,373 |
| Net Investment Income | $253 | — | — |
| Distributable Amount | $17,044 | $9,818 | $9,326 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
201 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Community Partners for Affordable Housing ($34,690), Bernie's Book Bank ($21,250), District 112 Education Foundation ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| A SAFE PLACE ZION, IL | GENERAL OPERATING SUPPORT | $3,300 |
| ABUNDANT LIFE FAMILY CHURCH AURORA, IL | GENERAL OPERATING SUPPORT | $250 |
| ALLIES FOR COMMUNITY BUSINESS CHICAGO, IL | GENERAL OPERATING SUPPORT | $2,500 |
| ALZHEIMER'S ASSOCIATION GREATER ILLINOIS CHAPTER CHICAGO, IL | GENERAL OPERATING SUPPORT | $500 |
| AMERICAN CANCER SOCIETY CHICAGO, IL | GENERAL OPERATING SUPPORT | $100 |
| AMVETS POST 5 CHICAGO, IL | GENERAL OPERATING SUPPORT | $500 |
| ART IMPACT PROJECT LAKE BLUFF, IL | GENERAL OPERATING SUPPORT | $1,500 |
| ASPIRE OF ILLINOIS HILLSIDE, IL | GENERAL OPERATING SUPPORT | $5,000 |
| BACK 2 SCHOOL ILLINOIS CHICAGO, IL | GENERAL OPERATING SUPPORT | $1,000 |
| BERNIE'S BOOK BANK LAKE BLUFF, IL | GENERAL OPERATING SUPPORT | $21,250 |
Leadership & Key People
Leadership team and compensation from IRS filings
Eric Ephraim serves as Chair of the Highland Park Community Foundation's Governing Board and is identified as Chief Executive Officer and President of First Bank Chicago/First Bank of Highland Park.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JILL TAKIFF HIRSH | DIRECTOR | 1 | — |
| RANDY GREEN | OFFICER | 1 | — |
Location & Contact
Address: 1835 1st Street, Highland Park, IL 60035-3101
Telephone: 847-432-7800 or 847-835-6500
Frequently Asked Questions
What does First Bank Chicago Foundation fund?
The foundation's primary funding interests include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services
How do I apply for a grant from First Bank Chicago Foundation?
**Grant Range:** Typical awards range from $50 to $37,775 **Recent Giving Activity:** • Total giving in 2023: $451,356 • The foundation distributed grants primarily in Illinois, Wisconsin, and Pennsylvania
Where does First Bank Chicago Foundation make grants?
The foundation's grantmaking focuses primarily on Illinois, Wisconsin, and Pennsylvania.
What size grants does First Bank Chicago Foundation award?
In 2024, First Bank Chicago Foundation awarded 144 grants totaling $452K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is First Bank Chicago Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, First Bank Chicago Foundation reported a distributable amount of $17K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is First Bank Chicago Foundation's EIN?
First Bank Chicago Foundation's EIN (Employer Identification Number) is 36-3310459. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in First Bank Chicago Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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