# Greater Milwaukee Foundation

Greater Milwaukee Foundation is a Community Foundation based in Milwaukee, United States.

## Overview

- **Organization type:** Community Foundation
- **Headquarters:** Milwaukee, United States
- **Region:** North America
- **Address:** 2153 N. Dr. Martin Luther King Jr. Drive, Suite 4000, Milwaukee, WI 53212, United States
- **Founded:** 1915
- **Assets under management:** 1030 (Altss estimate)
- **Website:** greatermilwaukeefoundation.org
- **LinkedIn:** https://www.greatermilwaukeefoundation.org/

## About

The Greater Milwaukee Foundation was established in 1915. It operates as a community foundation that aggregates donor-advised and permanent funds to address regional priorities. The foundation allocates across public equities, fixed income, alternatives and direct impact investments. Confirmed holdings include a 50% interest in ThriveOn King LLC, a $105M mixed-use redevelopment in Milwaukee, and limited partnership interests in Bain Capital Venture Fund 2021 and Gateway Capital. It also maintains an impact portfolio valued at $22M focused on local loans and equity. Geographic exposure centers on Wisconsin with additional commitments to national venture funds. Assets total $1.03B. The foundation employs investment advisors Marquette Associates and maintains custodian relationships with BMO Bank and U.S. Bank. It participates in the Wisconsin Impact Investing Collaborative and holds membership in the Council on Foundations. October 2024: Sponsored the On the Table MKE community dialogue event. The foundation combines grantmaking with direct ownership of operating assets such as ThriveOn King LLC. This structure allows it to deploy capital through both philanthropic distributions and joint-venture real estate vehicles without external fund commitments as the primary channel.

## Sectors

- Impact Investing
- Real Estate

## People

- Greg Wesley — President and CEO

## Questions

### Who runs investment decisions at Greater Milwaukee Foundation?

Greg Wesley serves as President and CEO. Marquette Associates acts as the current investment advisor.

### Does Greater Milwaukee Foundation participate in fund commitments or only direct deals?

It holds limited partnership interests in Bain Capital Venture Fund 2021 and Gateway Capital alongside direct ownership in ThriveOn King LLC.

### What asset classes appear in the foundation's investment pool?

The pool targets 27% large cap equity, 16.5% international equity, 19% fixed income and 25% alternatives.

### Where does Greater Milwaukee Foundation deploy capital geographically?

Primary activity occurs in Milwaukee, Waukesha, Ozaukee and Washington counties with additional exposure through national venture funds.

### How is the foundation related to ThriveOn King?

It holds a 50% ownership stake in ThriveOn King LLC through a joint venture with Medical College of Wisconsin and Royal Capital.

## Related profiles

- [Awara](https://altss.com/profile/awara)
- [Kelleher Financial Advisors](https://altss.com/profile/kelleher-financial-advisors)

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Last updated: 2026-07-08T21:10:28.770Z

Canonical page: https://altss.com/profile/greater-milwaukee-foundation

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