Marquette Bank Education Foundation is a corporate foundation based in Chicago, Illinois, established in 2004. The foundation supports education initiatives and scholarships for students in the Chicagoland area, with a particular emphasis on financial literacy programming and high school scholarship awards.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.0M
+16.4% YoY
Annual Giving
$292K
-2.3% YoY
Grant Count
72
-15.3% YoY
Avg Grant Size
$4K
+15.3% YoY
Under IRS private-foundation payout rules, Marquette Bank Education Foundation reported a distributable amount of $291K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary focus areas include:
- Scholarships: Direct financial support to graduating high school seniors
- Financial Literacy Education: Implementation of Banzai, a premium online financial literacy program that teaches students to navigate real-life financial scenarios
- Education Support: Grants to educational institutions and programs
Grantmaking
The foundation operates a long-standing scholarship program dating back to 1968. In 2023, the foundation awarded 61 scholarships of $2,500 each to graduating high school seniors from Chicagoland schools. Since 1968, the program has distributed $3.9 million in scholarships to 1,945 students.
Grant Range
$886–$46,000
Average Grant
$3,200
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations and students in Illinois, with a specific focus on the Chicagoland and Chicago neighborhoods. Some grantmaking also extends to Wisconsin and North Carolina.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $1,971,181
- Total Revenues: $696,587
- Total Expenses: $418,638
- Total Giving: $291,500–$352,000
- Number of Employees: 0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,971,181 | $1,693,232 | $1,612,573 |
| Revenue | $696,587 | $496,426 | $563,374 |
| Expenses | $418,638 | $415,767 | $306,735 |
| Qualifying Distributions | $351,819 | $366,871 | $265,300 |
| Net Investment Income | $485,687 | $302,831 | $344,720 |
| Distributable Amount | $290,834 | $201,376 | $192,755 |
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 St Rita of Cascia High School ($46,000), Mother Mcauley Liberal Arts High School ($45,000), Cristo Rey Work Study Program ($24,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AURORA UNIVERSITY AURORA, IL | SCHOLARSHIPS | $2,500 |
| BROTHER RICE HIGH SCHOOL ALUMNI MOM'S CLUB CHICAGO, IL | EDUCATION | $1,500 |
| CREIGHTON UNIVERSITY OMAHA, NE | SCHOLARSHIPS | $2,500 |
| CRISTO REY WORK STUDY PROGRAM CHICAGO, IL | EDUCATION | $24,000 |
| DEPAUL UNIVERSITY CHICAGO, IL | SCHOLARSHIPS | $2,500 |
| DOMINICAN UNIVERSITY RIVER FOREST, IL | SCHOLARSHIPS | $2,500 |
| DOMINICAN UNIVERSITY RIVER FOREST, IL | SCHOLARSHIPS | $2,500 |
| ELMHURST COLLEGE ELMHURST, IL | SCHOLARSHIPS | $2,500 |
| EVANS SCHOLARS FOUNDATION GLENVIEW, IL | EDUCATION | $1,000 |
| HAMPDEN-SYDNEY COLLEGE HAMPDENSYDNEY, VA | SCHOLARSHIPS | $2,500 |
Leadership & Key People
Leadership team and compensation from IRS filings
Board Members:
- Betty Harn, President
- Manuel Jimenez, Vice President and Assistant
- Christie Cox, Secretary
- Patrick J. Hunt, Treasurer
- Patricia Robertson, Assistant Treasurer
- John Byrnes, Director
- James Capraro, Director
- Paul M. McCarthy, Director
- George S. Moncada, Director
- Barry Sabloff, Director
- William Sullivan, Director
- Mark Zelisko, Director
- Terese Best, Director
- Randall Schwartz, Director
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BETTY HARN | PRESIDENT | 1 | — |
| MANUEL JIMENEZ | VICE PRESIDENT AND ASSISTA | 1 | — |
| CHRISTIE COX | SECRETARY | 1 | — |
| PATRICK J HUNT | TREASURER | 1 | — |
| PATRICIA ROBERTSON | ASSISTANT TREASURER | 1 | — |
| JOHN BYRNES | DIRECTOR | 1 | — |
| JAMES CAPRARO | DIRECTOR | 1 | — |
| PAUL M MCCARTHY | DIRECTOR | 1 | — |
| GEORGE S MONCADA | DIRECTOR | 1 | — |
| BARRY SABLOFF | DIRECTOR | 1 | — |
| WILLIAM SULLIVAN | DIRECTOR | 1 | — |
| MARK ZELISKO | DIRECTOR | 1 | — |
| TERESE BEST | DIRECTOR | 1 | — |
| RANDALL SCHWARTZ | DIRECTOR | 1 | — |
| ALAN KWASNESKI | SR VICE PRESIDENT | 1 | — |
| JERRY MAGOLD | VICE PRESIDENT | 1 | — |
| MARY ACKER KLINGENBERGER | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation continues its half-century tradition of supporting local students. In 2023, the Marquette Bank Education Foundation awarded scholarships to 61 graduating high school seniors, maintaining its commitment to educational access in the Chicagoland region.
Students earn scholarships from Marquette Bank | School News | beverlyreview.netThe foundation's Marquette Neighborhood Commitment initiative was recognized nationally with an ABA Foundation Community Commitment Award in Volunteerism and at the state level with an Excellence & Innovation BKD Award from the Community Bankers Association of Illinois for its Community Pandemic Response efforts.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Marquette Bank Education Foundation fund?
The foundation's primary focus areas include: • **Scholarships**: Direct financial support to graduating high school seniors • **Financial Literacy Education**: Implementation of Banzai, a premium online financial literacy program that teaches students to navigate real-life financial scenarios • **Education Support**: Grants to educational institutions and programs
How do I apply for a grant from Marquette Bank Education Foundation?
**Grant Activity:** • Made 85 grants in the most recent fiscal year (2024) • Typical grant range: $886–$46,000 • Median grant size: $2,500 • Average grant size: $3,200 **Scholarship Program:** The foundation operates a long-standing scholarship program dating back to 1968. In 2023, the foundation awarded 61 scholarships of $2,500 each to graduating high school seniors from Chicagoland schools. Since 1968, the program has distributed $3.9 million in scholarships to 1,945 students. **Recent Grant…
Where does Marquette Bank Education Foundation make grants?
The foundation primarily funds organizations and students in Illinois, with a specific focus on the Chicagoland and Chicago neighborhoods. Some grantmaking also extends to Wisconsin and North Carolina.
What size grants does Marquette Bank Education Foundation award?
In 2024, Marquette Bank Education Foundation awarded 72 grants totaling $292K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Marquette Bank Education Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Marquette Bank Education Foundation reported a distributable amount of $291K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
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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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