Marc and Jeanne Malnati Family Fdn
The Marc and Jeanne Malnati Family Foundation is a private foundation based in Chicago, Illinois, established in 2019. The foundation operates as a 501(c)(3) organization and is active in philanthropic grantmaking across multiple states in the United States.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$242K
-49.1% YoY
Annual Giving
$1.9M
+7.0% YoY
Grant Count
79
+21.5% YoY
Avg Grant Size
$24K
-11.9% YoY
Mission & Focus Areas
The foundation supports programs that foster peace and justice across Chicago. Its primary funding areas include:
- Ending violence
- Promoting mental wellbeing
- Empowering through education
- Advancing economic security
The foundation emphasizes the power of personal relationships to create real change in the city and invests in organizations working toward these goals.
Grantmaking
The foundation does not accept unsolicited applications and operates on an invite-only basis.
Grant Range
$10,000
Average Grant
amount: $126 (based on historical data)
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Geographic Focus
Where this funder awards grants
The foundation funds initiatives across multiple states, with primary focus on Chicago, Illinois. Geographic reach includes Alabama, Arizona, California, Colorado, Florida, Hawaii, Illinois, Kentucky, Louisiana, Massachusetts, Minnesota, New York, Pennsylvania, Tennessee, Texas, Virginia, and Washington.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Data (2024):
- Total assets: $242,043–$475,726
- Total revenue: $2.7 million
- Total expenses: $1.8–$1.96 million
- Total liabilities: $0
The foundation operates at a giving rate exceeding 100% of assets annually.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $242,043 | $475,726 | $385,049 |
| Revenue | $2,710,998 | $2,695,867 | $2,811,000 |
| Expenses | $1,960,619 | $1,836,092 | $2,005,091 |
| Qualifying Distributions | $1,928,589 | $1,799,741 | $1,985,264 |
| Net Investment Income | $979,551 | $775,525 | $803,461 |
| Distributable Amount | $8,541 | $3,266 | $55,288 |
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
224 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Marc Malnati – President
- Jeanne Malnati – Vice President
- Kelsey Malnati Howell – Executive Director
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARC MALNATI | PRESIDENT | — | — |
| JEANNE MALNATI | VICE PRESIDE | — | — |
| KELSEY MALNATI HOWELL | EXECUTIVE DI | 40 | — |
| KEITH CANTRELL | ASST SECRETA | — | — |
Recent News & Activity
Recent developments and announcements
In March 2020, the foundation issued a public commitment to its nonprofit partners during the COVID-19 pandemic, pledging flexibility regarding grant reporting and reaffirming its commitment to supporting Chicago's nonprofit community during the crisis. The foundation joined others in contributing to the Chicago Community COVID-19 Response Fund to support those impacted by the pandemic.
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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