Marquette Bank Affordable Housing
Marquette Bank Affordable Housing is a private foundation based in Chicago, Illinois. It supports affordable housing through grants to qualified home buyers for down payments and closing costs, and grants to nonprofit organizations serving low- or moderate-income areas within Marquette Bank’s assessment area.
Key facts about Marquette Bank Affordable Housing
In short: Marquette Bank Affordable Housing gave $376K across 84 grants in 2025 (avg $4K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- EIN
- 26-1566453
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $375,500
- Grants made (2025)
- 84
- Average grant
- $4,470
- Median grant
- $3,625
- Total assets
- $2,036,943
- Primary geography
- Illinois (100% of itemized 2025 grant dollars)
- How to apply
- For home-buyer assistance, prospective buyers should contact a Marquette Bank mortgage specialist. Full details ↓
Data from IRS Form 990-PF, 2025; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$2.0M
+7.9% YoY
Annual Giving
$376K
+40.9% YoY
Grant Count
84
+6.3% YoY
Avg Grant Size
$4K
+32.5% YoY
Under IRS private-foundation payout rules, Marquette Bank Affordable Housing reported a distributable amount of $316K for 2025 — the minimum it must pay out in qualifying distributions.
How Marquette Bank Affordable Housing gives
- 48% of 2025 grantees were also funded in 2024. Method
- Giving grew 91% from 2022 to 2025. Method
- In 2025 it paid out 119% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The foundation supports community reinvestment in affordable housing. Its home-buyer grants help with down payments and closing costs. Its organizational grants go to nonprofits serving low- or moderate-income geographies within the bank’s assessment area.
Its grantees work across housing, community development, and other community needs. For example, BEDS Plus says it helps vulnerable individuals stabilize their lives through housing and supportive services, including homelessness prevention and rehousing. Greater Southwest Development Corporation describes its work as building and sustaining development in Greater Southwest Chicago. Latinos Progresando says it provides information and resources to help people build secure, healthy, and productive lives.
Grantmaking
In 2025, the foundation made 84 grants totaling $375,500. Individual grants ranged from $500 to $83,300, with a median of $3,625. Its grantmaking totaled $266,500 across 79 grants in 2024 and $235,000 across 64 grants in 2023.
The largest 2025 award listed was $83,300 to BEDS Plus. Other notable awards included $10,800 to Latinos Progresando; $10,000 each to Greater Southwest Development Corporation, Neighborhood Housing Services of Chicago, and PODER; and $6,500 each to Southwest Organizing Project and Woodstock Institute. The filing also lists $7,500 first-time home buyer grants to individual recipients.
How to Apply
For home-buyer assistance, prospective buyers should contact a Marquette Bank mortgage specialist. The foundation’s filing says it has no application process for nonprofit grants; requests go directly to the Community Reinvestment Office. For home-buyer grants, household income must be below 80% of area median income for the county, and the property must be in a census tract within the bank’s assessment area in Cook, Will, or DuPage County. Grant amounts vary by tract income level: $1,000 in an upper-income tract, $2,000 in a middle-income tract, $4,500 in a moderate-income tract, and $7,500 in a low-income tract. Applicants must be first-time buyers or not own another property at the time of the new closing. The home must be an owner-occupied primary residence, and assistance must be used for the down payment and closing costs. Additional restrictions may apply.
Ready to take the next step with Marquette Bank Affordable Housing?
Geographic Focus
Where this funder awards grants
The 2025 filing reports that 100% of grant dollars went to recipients in Illinois. The foundation’s filing describes its organizational grants as supporting nonprofits serving low- or moderate-income geographies within Marquette Bank’s assessment area. The stated home-buyer grant area covers eligible census tracts in Cook, Will, and DuPage counties.
Grant Distribution by State
Share of 2025 grant dollars across all 84 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $182K (2019) to $376K (2025). In 2025 it made 84 grants totaling $376K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Beds Plus ($84K across 2 grants). Together the top 10 received $163K.
Grant Size Distribution
343 grants across all recorded years
The most common grant size was under $50K: 342 grants of 343 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Beds Plus Lagrange, IL | Community Development | $83,300 |
| Latinos Progresando Chicago, IL | Community Development | $10,800 |
| Greater Southwest Development Corporation Chicago, IL | Community Development | $10,000 |
| Neighborhood Housing Services of Chicago Chicago, IL | Community Development | $10,000 |
| Poder Chicago, IL | Community Development | $10,000 |
| Brandon Carlson Joliet, IL | First Time Home Buyer Grant | $7,500 |
| Nadia Campbell Sauk Village, IL | First Time Home Buyer Grant | $7,500 |
| Jibreel Hurley Chicago, IL | First Time Home Buyer Grant | $7,500 |
| Javier Guardado Markham, IL | First Time Home Buyer Grant | $7,500 |
| Kay Fox Sauk Village, IL | First Time Home Buyer Grant | $7,500 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Grant total | Number of grants |
|---|---|---|
| 2025 | $375,500 | 84 |
| 2024 | $266,500 | 79 |
| 2023 | $235,000 | 64 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $2,036,943 | $1,887,721 | $1,585,888 |
| Revenue | $598,586 | $625,942 | $313,162 |
| Expenses | $449,364 | $324,109 | $281,133 |
| Qualifying Distributions | $375,500 | $266,500 | $235,000 |
| Net Investment Income | $490,042 | $529,725 | $246,743 |
| Distributable Amount | $316,221 | $282,517 | $187,180 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 6, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS July 9, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS June 29, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS July 1, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Betty Harn as president; Manuel Jimenez as vice president and assistant; Christie Cox as secretary; Patrick J Hunt as treasurer; Patricia Robertson as assistant treasurer; Alan Kwasneski and Jerry F Magold as vice presidents; and John G Byrnes, Paul M McCarthy, and George S Moncada as directors.
Marquette Bank Affordable Housing is led by Betty Harn, President on every filing since 2019; none of the 17 officers listed in 2025 report compensation.
Officers on the 2025 filing
Betty Harn
President
On filings since 2019
1 hr/week
No compensation reported
Barry M. Sabloff
Director
On filings since 2019
1 hr/week
No compensation reported
George S. Moncada
Director
On filings since 2019
1 hr/week
No compensation reported
James F. Capraro
Director
On filings since 2019
1 hr/week
No compensation reported
John G. Byrnes
Director
On filings since 2019
1 hr/week
No compensation reported
Mark Zelisko
Director
On filings since 2019
1 hr/week
No compensation reported
Paul M. McCarthy
Director
Director → Chairman of the Board, 2020
Chairman of the Board → Director, 2023
On filings since 2019
1 hr/week
No compensation reported
William Sullivan
Director
On filings since 2019
1 hr/week
No compensation reported
Randall R. Schwartz
Director
On filings since 2020
1 hr/week
No compensation reported
Terese M. Best
Director
On filings since 2020
1 hr/week
No compensation reported
Mary Acker Klingenberger
Director
On filings since 2023
1 hr/week
No compensation reported
Christie Cox
Secretary
On filings since 2019
1 hr/week
No compensation reported
Manuel Jimenez
Vice President & Assistant
On filings since 2019
1 hr/week
No compensation reported
Patricia Robertson
Assistant Treasurer
On filings since 2019
1 hr/week
No compensation reported
Alan Kwasneski
Senior Vice President
On filings since 2021
1 hr/week
No compensation reported
Jerry F. Magold
Vice President
On filings since 2021
1 hr/week
No compensation reported
Patrick J. Hunt
Treasurer
On filings since 2021
1 hr/week
No compensation reported
Former officers (2)
- Former: Thomas Burgin (2019–2022) — Director
- Former: Paul A. Eckroth (2019–2020) — Treasurer
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Application contact: Manuel Jimenez
Mailing address: 6316 South Western Avenue, Chicago, IL 60636
Phone: (773) 918-4507
Email: mjimenez@emarquettebank.com
Website: https://emarquettebank.com
Frequently asked questions about Marquette Bank Affordable Housing
How much does Marquette Bank Affordable Housing give each year?
Marquette Bank Affordable Housing gave $376K across 84 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $267K across 79 grants.
What is Marquette Bank Affordable Housing's typical grant size?
Marquette Bank Affordable Housing's median grant in 2025 was $3,625, and its average grant was $4,470, across 84 grants on its 2025 IRS Form 990-PF.
Where does Marquette Bank Affordable Housing give grants?
Marquette Bank Affordable Housing gives mostly in Illinois: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Chicago, IL (42 grants), Orland Park, IL (4 grants), Joliet, IL (3 grants) and Bolingbrook, IL (3 grants).
Does Marquette Bank Affordable Housing give general operating support?
Not in 2025: none of the 84 grants with a stated purpose on Marquette Bank Affordable Housing's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Community Development" (52 grants) and "First Time Home Buyer Grant" (32 grants).
Who are Marquette Bank Affordable Housing's largest grantees?
Marquette Bank Affordable Housing's largest 2025 grantees include Beds Plus ($84,300 across 2 grants), Latinos Progresando ($10,800) and Greater Southwest Development Corporation ($10,000), according to its 2025 IRS Form 990-PF. Together they received 28% of its itemized 2025 grant dollars.
How large is Marquette Bank Affordable Housing?
Marquette Bank Affordable Housing reported $2.0M in total assets on its 2025 IRS Form 990-PF. It paid out $376K in qualifying distributions that year, against a required minimum of $316K (roughly 5% of its investment assets).
What does Marquette Bank Affordable Housing fund?
The foundation supports community reinvestment in affordable housing. Its home-buyer grants help with down payments and closing costs. Its organizational grants go to nonprofits serving low- or moderate-income geographies within the bank’s assessment area. See mission & focus areas ↑
How do I apply for a grant from Marquette Bank Affordable Housing?
For home-buyer assistance, prospective buyers should contact a Marquette Bank mortgage specialist. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Marquette Bank Affordable Housing's EIN?
Marquette Bank Affordable Housing's EIN (Employer Identification Number) is 26-1566453. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching Marquette Bank Affordable Housing by hand.
Explore Open Grants
Browse active grant opportunities in Marquette Bank Affordable Housing's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
United Way of Metropolitan Chicago Inc
Chicago, IL
United Way of Metropolitan Chicago funds nonprofit work on basic needs and community-led efforts, including healthcare, housing, food assistance, early learning, safety, legal services, and workforce development across greater Chicago and the surrounding region. Its 2025 grants ranged from $5,002 to $2,038,325, with a median of $25,000; the current Impact Grants cycle is closed to new applicants and limited to current partners, and the BridgeBuilders application is also closed.
Assets
$48.8M
Grants
331
Total Given
$22.8M
Forefront
Chicago, IL
Forefront supports Illinois nonprofits and philanthropy through capacity building, general support, training, technical assistance, and grants for nonprofits exploring strategic partnerships. Its 2025 grants ranged from $7,400 to $543,031, with a median of $62,500; the Mission Sustainability Initiative also offers $5,000 exploration grants, but its application process is currently on hold. Forefront serves organizations statewide, and the profile does not state whether it accepts unsolicited requests.
Assets
$18.5M
Grants
49
Total Given
$4.6M
Fifth Third Chicagoland Foundation
Rosemont, IL
The foundation supported Greater Chicagoland organizations working in areas such as community development, education, affordable housing, and community services. Its 2023 grants ranged from $7,254 to $522,000, with a median of $20,000; applications were by invitation through an online process, and the 2023 filing was marked as a final return.
Assets
—
Grants
38
Total Given
$1.5M
IMC Chicago Charitable Foundation
Chicago, IL
IMC Chicago Charitable Foundation supports education, youth development, conservation, and Chicago-area impact enterprises, with grants and direct support to charitable organizations. In 2025, it awarded 47 grants totaling about $21.5 million; individual grants ranged from $2,058 to $17.8 million, though most were much smaller. It is based in Chicago, but 2025 grant dollars went mainly to Delaware and California, with some to Illinois; it funds only preselected organizations and does not accept unsolicited requests.
Assets
$56.0M
Grants
47
Total Given
$21.5M
Robert R McCormick Foundation
Chicago, IL
The Robert R. McCormick Foundation funds early childhood education, journalism and government accountability, support for service members and veterans, and community development, with much of its local work focused on Chicago’s South and West Sides, especially Englewood and Little Village. Its 2024 median grant was $50,000, though awards varied widely; funding is by invitation only, and it does not accept unsolicited requests.
Assets
$1.8B
Grants
255
Total Given
$106.1M
Healthy Communities Foundation
Riverside, IL
Healthy Communities Foundation funds health equity and community-led efforts addressing health care access, social determinants of health, and policy change in a 27-zip-code area of Chicago and western Cook County suburbs. Its 2024 grants had a median of $60,000; the profile does not state whether it accepts unsolicited requests.
Assets
$117.5M
Grants
118
Total Given
$9.4M
Illinois Children's Healthcare
Oak Brook, IL
Illinois Children’s Healthcare Foundation funds Illinois organizations improving children’s health and access to care, especially in oral and mental health, prevention, and reducing disparities. Its 2024 grants ranged from $6,000 to $439,406, with a median of $125,000; it funds statewide, and its website offers a funding inquiry opportunity for new ideas, though it cannot fulfill requests over $10,000.
Assets
$151.0M
Grants
42
Total Given
$6.1M
Field Foundation of Illinois
Chicago, IL
The Field Foundation funds arts and culture, community-led investment, journalism and storytelling, and local leaders working to build community power, primarily in Chicago’s South and West Sides. Its 2025 grants had a median of $25,000, though awards ranged from $300 to more than $1.1 million. Some programs accept applications or requests, while Community Investments is invitation-based; Journalism & Storytelling requests are considered on a rolling basis.
Assets
$49.0M
Grants
299
Total Given
$10.8M
Polk Bros Foundation Inc
Chicago, IL
Polk Bros Foundation funds community-driven Chicago nonprofits working to close the life expectancy gap, build community wealth, and foster participatory, multiracial democracy. Recent grants ranged from $100 to $250,000, with a median of $25,000. It does not accept unsolicited requests during its transition period, which ends in fall 2026; it currently offers targeted RFPs.
Assets
$334.3M
Grants
568
Total Given
$19.3M
University of Chicago Medical Center
Chicago, IL
University of Chicago Medical Center supports local nonprofits serving at-risk and underserved communities through health-related programs, including chronic disease prevention, behavioral health, violence prevention, and access to care. Its 2025 grants ranged from $6,600 to $134,310, with a median of $10,000, and its community work focuses on Chicago’s South Side and Southland; it accepts sponsorship applications on a rolling basis for current-fiscal-year events, but no South Side community grant opportunities are currently listed.
Assets
$5.3B
Grants
49
Total Given
$1.3M
Visiting Nurse Association of Chicago
Chicago, IL
The VNA Foundation supports Chicago-area nonprofits providing home- and community-based health services to medically underserved people, with priorities including healthcare access, mental health, maternal and reproductive health, and organizational resiliency. Its 2025 grants ranged from $5,300 to $100,000, with a median of $50,000; it does not accept unsolicited requests for FY 2027, though eligible prior grantees may apply for renewals.
Assets
$65.3M
Grants
64
Total Given
$3.3M
Illinois Coalition for Immigrant and Refugee Rights
Chicago, IL
ICIRR funds Illinois organizations serving immigrant and refugee communities, including work in assistance, public benefits, immigration services, health, education, civic participation, and organizing. In 2025, it made 83 grants ranging from $10,500 to $2,008,090, with a median grant of $269,319. The available information does not state whether it accepts unsolicited requests.
Assets
$28.8M
Grants
83
Total Given
$37.1M
More Funders in Illinois
Marquette Bank Affordable Housing down — hundreds of funders to go?