Marshall & Ilsley Foundation Inc
Marshall & Ilsley Foundation Inc is a private foundation focused on Education, based in Milwaukee, WI. IRS filing data is available from 2019 through 2020. In 2020, it awarded 5 grants totaling $1.1M. Net investment income was $5K.
Marshall & Ilsley Foundation Inc at a glance
In short: Marshall & Ilsley Foundation Inc gave $1.1M across 5 grants in 2020 (avg $221K), mostly in Wisconsin. Source: 2020 IRS Form 990-PF.
- Annual giving (2020)
- $1,102,705
- +175.7% vs 2019
- Grants made (2020)
- 5
- +25.0% vs 2019
- Average grant
- $220,541
- +120.5% vs 2019
- Median grant
- $200,000
- Primary geography
- Wisconsin (100% of itemized 2020 grant dollars)
- Latest 990 filing
- Form 990-PF, 2020 View filing
Data from IRS Form 990-PF, 2020; updated September 2026.
Who Marshall & Ilsley Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2020
The largest 2020 recipient was Carmen Schools of Science & Technology ($300K). Together the top 4 received $903K.
Organizations only. It also paid 1 individual scholarship ($200,000), which are not listed by name.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was in the $100–250K range: 8 grants of 9 (89%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2020 grant dollars across all 5 itemized grants.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2020, annual grant giving ranged from $400K (2019) to $1.1M (2020). In 2020 it made 5 grants totaling $1.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Carmen Schools of Science & Technology Milwaukee, WI | Scholarships | $300,000 |
| St Marcus School Milwaukee, WI | Scholarships | $202,705 |
| Milwaukee College Preparatory School Milwaukee, WI | Contributions& Scholarships | $200,000 |
| 1 individual scholarship Recipients not named | — | $200,000 |
| United Community Center Milwaukee, WI | Scholarships | $200,000 |
Ready to take the next step with Marshall & Ilsley Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2020 | — | $4,465 | $1,107,980 | $1,102,705 | 5 | $4,569 | $41,257 |
| 2019 | $1,103,515 | $33,723 | $400,545 | $400,000 | 4 | $33,611 | $62,571 |
Under IRS private-foundation payout rules, Marshall & Ilsley Foundation Inc reported a distributable amount of $41K for 2020 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Marshall & Ilsley Foundation Inc is led by Dennis J. Kuester, President & Director on every filing since 2019; none of the 6 officers listed in 2020 report compensation.
Officers on the 2020 filing
Dennis J. Kuester
President & Director
On filings since 2019
No compensation reported
James B. Wigdale
Assistant Vice President & Director
On filings since 2019
No compensation reported
Mark F. Furlong
Assistant Vice President & Director
On filings since 2019
No compensation reported
Robert O'Toole
Director
On filings since 2019
No compensation reported
Nancy Gerfin
Secretary & Treasurer
On filings since 2019
No compensation reported
Patricia Cadorin
Assistant Vice President
On filings since 2019
No compensation reported
Former officers (1)
- Former: Peter M. Platten (2019) — Director
Data from IRS Form 990 filings, 2019–2020. "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 Marshall & Ilsley Foundation Inc
How much does Marshall & Ilsley Foundation Inc give each year?
Marshall & Ilsley Foundation Inc gave $1.1M across 5 grants in 2020, according to its 2020 IRS Form 990-PF. In 2019 it gave $400K across 4 grants.
What is Marshall & Ilsley Foundation Inc's typical grant size?
Marshall & Ilsley Foundation Inc's median grant in 2020 was $200,000, and its average grant was $220,541, across 5 grants on its 2020 IRS Form 990-PF.
Where does Marshall & Ilsley Foundation Inc give grants?
Marshall & Ilsley Foundation Inc gives mostly in Wisconsin: 100% of the grant dollars itemized on its 2020 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Milwaukee, WI (4 grants).
Does Marshall & Ilsley Foundation Inc give general operating support?
Not in 2020: none of the 5 grants with a stated purpose on Marshall & Ilsley Foundation Inc's 2020 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarships" (4 grants).
Who are Marshall & Ilsley Foundation Inc's largest grantees?
Marshall & Ilsley Foundation Inc's largest 2020 grantees include Carmen Schools of Science & Technology ($300,000), St Marcus School ($202,705) and Milwaukee College Preparatory School ($200,000), according to its 2020 IRS Form 990-PF. It also paid 1 individual scholarship ($200,000), which are not listed by name. Together they received 64% of its itemized 2020 grant dollars.
What is Marshall & Ilsley Foundation Inc?
Marshall & Ilsley Foundation Inc is a private foundation focused on Education, based in Milwaukee, WI.
How much is Marshall & Ilsley Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2020, Marshall & Ilsley Foundation Inc reported a distributable amount of $41K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Marshall & Ilsley Foundation Inc's EIN?
Marshall & Ilsley Foundation Inc's EIN (Employer Identification Number) is 39-6043185. IRS Form 990 filing data is available on this page for 2019–2020.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS April 28, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 14, 2021)
- IRS filings on file for fiscal years 2019–2020
Live grants for the work Marshall & Ilsley Foundation Inc funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Marshall & Ilsley Foundation Inc's focus areas in our free grants database
Similar Funders
Funders with grantees in common
Telly Foundation Ltd
Milwaukee, WI
Telly Foundation funds charitable organizations, with 2024 grants supporting education, medical care, arts, and youth programs, primarily in Wisconsin and occasionally in Minnesota. Its nine grants totaled $50,988, with a median grant of $3,000 and awards ranging from $500 to $26,988. It gives only to preselected organizations and does not accept unsolicited requests.
Assets
$199K
Grants
9
Total Given
$51K
City Forward Collective Inc
Milwaukee, WI
City Forward Collective supports Milwaukee’s educational ecosystem, funding school growth, family and community engagement, and education policy work. Its 2025 grants were typically $50,000 (ranging from $30,000 to $50,000), primarily for Milwaukee organizations; the available information does not say whether it accepts unsolicited requests.
Assets
$8.1M
Grants
10
Total Given
$480K
VJS Construction Services Community Foundation Inc
Pewaukee, WI
The foundation’s 2023 grants supported Wisconsin organizations working in education, human services, community development, arts, and family support. Grants ranged from $500 to $10,000, with a median of $6,500. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$83K
Grants
10
Total Given
$57K
Husco Foundation
Milwaukee, WI
The HUSCO Foundation prioritizes education, including Milwaukee-area schools, scholarships, and some international education and charitable work. Its 2025 grants ranged from $5,000 to $51.4 million, with a median of $125,000; 98% of grant dollars went to Wisconsin and 2% to Florida. The filing says giving is not restricted to preselected organizations, but it does not state whether the foundation accepts unsolicited requests; its listed application process is for scholarships.
Assets
$29.8M
Grants
11
Total Given
$52.8M
Rowe Family Foundation Inc
Clark, CO
The foundation supports a range of charitable organizations, including community, education, fire protection, cultural, and animal-related causes. In 2025, grants ranged from $100 to $113,000, with a median of $2,750; most funding went to Colorado, with grants also made in Wisconsin, Nebraska, Utah, Georgia, and North Carolina. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$3.7M
Grants
16
Total Given
$189K
Marcus Corporation Foundation Inc
Milwaukee, WI
Marcus Corporation Foundation supports community-based nonprofits in the greater Milwaukee area working in economic and community vitality, health and human services, education, and conservation. Its 2025 grants ranged from $200 to $50,000, with a median of $5,000. It accepts written requests, reviewed annually in December.
Assets
$4.5M
Grants
17
Total Given
$149K
More similar funders
More Funders in Wisconsin
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Marshall & Ilsley Foundation Inc'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.
Marshall & Ilsley Foundation Inc down — hundreds of funders to go?