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
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.
Ready to take the next step with Marquette Bank Affordable Housing?
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
No grants recorded for .
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
Related Funders
Similar funders by location and focus area
Green and Blue Foundation
CHICAGO, IL
Assets
—
Grants
3
Total Given
$51K
Above and Beyond Daycare Center
FAIRVIEW HEIGHTS, IL
Assets
—
Grants
0
Total Given
—
Primo Center for Women & Children
CHICAGO, IL
Assets
$9.7M
Grants
1
Total Given
$35K
Rose Lafferty Educational Fund Xxxxx9006
CHICAGO, IL
Assets
$3.4M
Grants
1
Total Given
$228K
The John Crerar Foundation
CHICAGO, IL
Assets
$991K
Grants
1
Total Given
$35K
Fostering Success
WAYNE, IL
Assets
$38K
Grants
1
Total Given
$2K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Marquette Bank Affordable Housing on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities