Marquette Bank Education Foundation
Marquette Bank Education Foundation is a private foundation based in Chicago, Illinois. Its 2025 filing reports grants for education and scholarships, including support for schools, colleges, and universities, and describes a direct financial literacy activity for educators and students.
Marquette Bank Education Foundation at a glance
In short: Marquette Bank Education Foundation gave $352K across 76 grants in 2025 (avg $5K), mostly in Illinois. 50% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $352,000
- +20.8% vs 2024
- Grants made (2025)
- 76
- +5.6% vs 2024
- Average grant
- $4,632
- +14.4% vs 2024
- Median grant
- $2,500
- Total assets
- $2,201,428
- +11.7% vs 2024
- New grantees (estimate)
- 50% first-time grantees (25 of 50, 2025)
- Primary geography
- Illinois (84% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Marquette Bank Education Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. The filing lists no application form or materials, deadline, or award restrictions.
- Contact
Application contact: Betty Harn
Mailing address: 6316 South Western Avenue, Chicago, IL 60636
Phone: (708) 364-9005
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Marquette Bank Education Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Cristo Rey Work Study Program ($60K). Together the top 10 received $242K.
Organizations only. It also paid 3 individual scholarships ($7,500), which are not listed by name.
Grant Size Distribution
401 grants across all recorded years
The most common grant size was under $50K: 399 grants of 401 (100%).
Geographic Focus
Where this funder awards grants
In 2025, 84% of grant dollars went to recipients in Illinois. The filing also reports shares of 2% for Mississippi and 1% each for Georgia, Louisiana, and Ohio. The listed largest grants include Chicago-area high schools, while scholarship grants went to institutions in multiple states.
Grant Distribution by State
Share of 2025 grant dollars across all 76 itemized grants.
States
Cities
Is Marquette Bank Education Foundation open to new grantees?
50%
first-time grantees, 2025
In 2025, 25 of 50 grantees (50%) were first-time recipients. First grants averaged $4K; repeat grants $10K. How we count
Medians: $3K first-time, $3K repeat.
- 38% of 2025 grantees were also funded in 2024. Method
- Giving grew 75% from 2022 to 2025. Method
- In 2025 it paid out 117% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $140K (2019) to $352K (2025). In 2025 it made 76 grants totaling $352K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Cristo Rey Work Study Program Chicago, IL | Education | $60,000 |
| Mother McAuley Liberal Arts High School Chicago, IL | Education | $50,000 |
| Saint Rita of Cascia High School Chicago, IL | Education | $46,000 |
| Marist High School Chicago, IL | Education | $20,000 |
| Our Lady of Tepeyac High School Chicago, IL | Education | $6,000 |
| Alabama State University Montgomery, AL | Scholarships | $2,500 |
| Augustana College Rock Island, IL | Scholarships | $2,500 |
| City Colleges of Chicago Chicago, IL | Scholarships | $2,500 |
| Clark Atlanta University Atlanta, GA | Scholarships | $2,500 |
| College of Holy Cross Worcester, MA | Scholarships | $2,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,201,428 | $736,745 | $506,498 | $352,000 | 76 | $427,611 | $477,832 | $364,282 |
| 2024 | $1,971,181 | $696,587 | $418,638 | $291,500 | 72 | $351,819 | $485,687 | $290,834 |
| 2023 | $1,693,232 | $496,426 | $415,767 | $298,469 | 85 | $366,871 | $302,831 | $201,376 |
| 2022 | $1,612,573 | $563,374 | $306,735 | $200,827 | 62 | $265,300 | $344,720 | $192,755 |
| 2021 | $1,355,934 | $280,873 | $346,429 | $278,670 | 106 | $286,820 | $61,477 | $289,172 |
| 2020 | $1,421,490 | $118,907 | $200,642 | $152,500 | 61 | — | $2,038 | $198,456 |
| 2019 | $1,503,225 | $243,679 | $198,815 | $140,000 | 56 | — | $49,007 | $167,126 |
Under IRS private-foundation payout rules, Marquette Bank Education Foundation reported a distributable amount of $364K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The filing describes the Banzai financial literacy program as the foundation’s direct charitable activity. Its 2025 grants included education support for high schools and scholarship-designated grants to colleges and universities.
Grantees’ own descriptions illustrate the range of institutions supported. Saint Augustine College describes its mission as making higher education accessible to a diverse student population, with an emphasis on people of Hispanic descent. Saint Xavier University says it educates students to think critically and serve in support of human dignity and the common good. Northwestern University describes its commitments to teaching, research, and students’ personal and intellectual growth.
Grantmaking
In filing year 2025, the foundation reported 76 grants totaling $352,000. Grant amounts ranged from $500 to $60,000, with a median of $2,500.
Among the largest grants were $60,000 to Cristo Rey Work Study Program, $50,000 to Mother McAuley Liberal Arts High School, $46,000 to Saint Rita of Cascia High School, and $20,000 to Marist High School, each for education. The filing also lists $2,500 scholarship grants to institutions including Alabama State University, Augustana College, City Colleges of Chicago, Clark Atlanta University, College of Holy Cross, Cornell University, and DePaul University.
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; and Patricia Robertson as assistant treasurer. Directors listed are John Byrnes, James Capraro, Paul M McCarthy, George S Moncada, and Barry Sabloff.
Marquette Bank Education Foundation 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 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 Capraro
Director
On filings since 2019
1 hr/week
No compensation reported
John 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 Schwartz
Director
On filings since 2020
1 hr/week
No compensation reported
Terese 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 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.
Frequently asked questions about Marquette Bank Education Foundation
How much does Marquette Bank Education Foundation give each year?
Marquette Bank Education Foundation gave $352K across 76 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $292K across 72 grants.
What is Marquette Bank Education Foundation's typical grant size?
Marquette Bank Education Foundation's median grant in 2025 was $2,500, and its average grant was $4,632, across 76 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Marquette Bank Education Foundation that year got $4K on average.
Where does Marquette Bank Education Foundation give grants?
Marquette Bank Education Foundation gives mostly in Illinois: 84% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Chicago, IL (29 grants), Urbana, IL (7 grants), Normal, IL (2 grants) and Jackson, MS (2 grants).
Does Marquette Bank Education Foundation give general operating support?
Not in 2025: none of the 76 grants with a stated purpose on Marquette Bank Education Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarships" (64 grants) and "Education" (12 grants).
Who are Marquette Bank Education Foundation's largest grantees?
Marquette Bank Education Foundation's largest 2025 grantees include Cristo Rey Work Study Program ($60,000), Mother McAuley Liberal Arts High School ($50,000) and Saint Rita of Cascia High School ($46,000), according to its 2025 IRS Form 990-PF. It also paid 3 individual scholarships ($7,500), which are not listed by name. Together they received 44% of its itemized 2025 grant dollars.
How large is Marquette Bank Education Foundation?
Marquette Bank Education Foundation reported $2.2M in total assets on its 2025 IRS Form 990-PF. It paid out $428K in qualifying distributions that year, against a required minimum of $364K (roughly 5% of its investment assets).
What does Marquette Bank Education Foundation fund?
The filing describes the Banzai financial literacy program as the foundation’s direct charitable activity. Its 2025 grants included education support for high schools and scholarship-designated grants to colleges and universities. See mission & focus areas ↑
How do I apply for a grant from Marquette Bank Education Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Marquette Bank Education Foundation's EIN?
Marquette Bank Education Foundation's EIN (Employer Identification Number) is 37-1480815. IRS Form 990 filing data is available on this page for 2019–2025.
Does Marquette Bank Education Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(7)
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 13, 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)
Live grants for the work Marquette Bank Education Foundation funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Marquette Bank Education Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Marquette Bank Education Foundation funder profile. GrantGraph. Retrieved October 24, 2026, from https://grantable.co/funders/marquette-bank-education-foundation-morg_c4ec1c3b5ed24a9ab24dd0878843bd62
BibTeX
@misc{grantable_371480815_2026,
author = {{Grantable}},
title = {{Marquette Bank Education Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/marquette-bank-education-foundation-morg_c4ec1c3b5ed24a9ab24dd0878843bd62},
note = {Accessed 2026-10-24. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Marquette Bank Education Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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