The Marquette Bank Affordable Housing Foundation is a private foundation located in Chicago, Illinois (6316 S Western Ave, Chicago, 60636). Established in 2009, it operates as a 501(c)(3) organization with the primary purpose of funding first-time homebuyer grants and community development initiatives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.9M
+19.0% YoY
Annual Giving
$267K
+13.4% YoY
Grant Count
79
+23.4% YoY
Avg Grant Size
$3K
-8.1% YoY
Under IRS private-foundation payout rules, Marquette Bank Affordable Housing reported a distributable amount of $283K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation focuses on:
- First-time homebuyer grants
- Community development
- Human services
- Poverty alleviation
Grantmaking
The foundation distributed approximately $171,000 across 40 additional grants in 2024.
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Geographic Focus
Where this funder awards grants
Primary funding focus in Illinois, with emphasis on Chicago and surrounding communities.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2024:
- Total assets: $1,887,721
- Total revenues: $625,942
- Total expenses: $324,109
- Number of employees: 0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,887,721 | $1,585,888 | $1,553,859 |
| Revenue | $625,942 | $313,162 | $359,141 |
| Expenses | $324,109 | $281,133 | $238,126 |
| Qualifying Distributions | $266,500 | $235,000 | $196,500 |
| Net Investment Income | $529,725 | $246,743 | $287,799 |
| Distributable Amount | $282,517 | $187,180 | $182,865 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Greater Southwest Development Corporation ($20,000), Chicago Commons ($8,000), Amelia Tamayo ($7,500).
| Recipient | Purpose | Amount |
|---|---|---|
| DAVID GOESKE ORLAND PARK, IL | FIRST TIME HOME BUYER GRANT | $2,000 |
| ANTHONY BARRAGAN MANHATTAN, IL | FIRST TIME HOME BUYER GRANT | $2,000 |
| AMELIA TAMAYO CHICAGO, IL | FIRST TIME HOME BUYER GRANT | $7,500 |
| JEFTE SALINAS BOLINGBROOK, IL | FIRST TIME HOME BUYER GRANT | $4,500 |
| MAGALY LOEZA ROMEOVILLE, IL | FIRST TIME HOME BUYER GRANT | $2,000 |
| CHRISTIAN GARCIA CRESTWOOD, IL | FIRST TIME HOME BUYER GRANT | $2,000 |
| LOLITA STEWART CHICAGO, IL | FIRST TIME HOME BUYER GRANT | $4,500 |
| GUAYMA SIFUENTES BOLINGBROOK, IL | FIRST TIME HOME BUYER GRANT | $2,000 |
| EZEKIEL BREWER CHICAGO, IL | FIRST TIME HOME BUYER GRANT | $4,500 |
| LISA WILSON CHICAGO, IL | FIRST TIME HOME BUYER GRANT | $4,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BETTY HARN | PRESIDENT | 1 | — |
| MANUEL JIMENEZ | VICE PRESIDENT & ASSISTANT | 1 | — |
| CHRISTIE COX | SECRETARY | 1 | — |
| PATRICK J HUNT | TREASURER | 1 | — |
| PATRICIA ROBERTSON | ASSISTANT TREASURER | 1 | — |
| ALAN KWASNESKI | SR VICE PRESIDENT | 1 | — |
| JERRY F MAGOLD | VICE PRESIDENT | 1 | — |
| JOHN G BYRNES | DIRECTOR | 1 | — |
| PAUL M MCCARTHY | DIRECTOR | 1 | — |
| GEORGE S MONCADA | DIRECTOR | 1 | — |
| BARRY M SABLOFF | DIRECTOR | 1 | — |
| WILLIAM SULLIVAN | DIRECTOR | 1 | — |
| MARK ZELISKO | DIRECTOR | 1 | — |
| TERESE M BEST | DIRECTOR | 1 | — |
| RANDALL R SCHWARTZ | DIRECTOR | 1 | — |
| JAMES F CAPRARO | DIRECTOR | 1 | — |
| MARY ACKER KLINGENBERGER | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
Marquette Bank (the parent organization) was awarded its twelfth consecutive Community Reinvestment Act (CRA) "Outstanding" rating from the Federal Reserve Bank of Chicago in April 2025—the highest performance rating available. The bank has maintained this highest rating since 2000.
According to Marquette Bank leadership, the organization is "committed to affordable access to financial services, community development and lending in our neighborhoods."
The Marquette Neighborhood Commitment initiative was recognized nationally with an ABA Foundation Community Commitment Award in Volunteerism and received an Excellence & Innovation BKD Award from the Community Bankers Association of Illinois for its Community Pandemic Response efforts.
MERCANTILE BANK AND FEDERAL HOME LOAN BANK OF INDIANAPOLIS AWARD $2.2 MILLIONSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Marquette Bank Affordable Housing fund?
The foundation focuses on: • First-time homebuyer grants • Community development • Human services • Poverty alleviation
How do I apply for a grant from Marquette Bank Affordable Housing?
**Grant Activity:** • Made 51 grants in 2024 • Total giving: $266,500 (2024) • Typical award range: $500–$30,000 **Recent Grants (2024):** • Port Ministries: $30,000 (Community Development) • Greater Southwest Development Corporation (GSDC): $20,000 (Community Development) • Chicago Commons Association: $8,000 (Community Development) The foundation distributed approximately $171,000 across 40 additional grants in 2024.
Where does Marquette Bank Affordable Housing make grants?
Primary funding focus in Illinois, with emphasis on Chicago and surrounding communities.
What size grants does Marquette Bank Affordable Housing award?
In 2024, Marquette Bank Affordable Housing awarded 79 grants totaling $267K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Marquette Bank Affordable Housing required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Marquette Bank Affordable Housing reported a distributable amount of $283K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Marquette Bank Affordable Housing'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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