McKnight Foundation

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McKnight Foundation
McKnight Foundation Logo.jpg
Founded1953
FounderWilliam L. McKnight and Maude L. McKnight
Location
Area served
Worldwide
Key people
Tonya Allen, President;[1]
Revenue (2015)
$149,898,625[2]
Expenses (2015)$111,372,797[2]
Endowment$2.3 billion USD[3]
Websitemcknight.org

The McKnight Foundation is a philanthropic organization based in Minneapolis, Minnesota, in the US. According to the OECD, McKnight Foundation’s financing for 2019 development decreased by 7% to US$8.8 million.[4] The foundation's program interests include Minnesota's arts and artists, Midwest climate and energy, neuroscience research, international crop research, and community development and equity. Its primary geographic focus is the state of Minnesota, with significant support also directed to strategies throughout the U.S. and in Africa, and Latin America.[3]

Finances[]

The McKnight Foundation was founded in 1953 by William L. McKnight, an early leader of the 3M Corporation, and Maude L. McKnight,[5] and was independently endowed by the McKnights. Bolstered by their estates , the foundation's assets grew substantially in the 1980s. In 2015, the foundation assets were approximately $2.2 billion, [3] and was ranked twenty-second on the Foundation Center's list of the largest private foundations in America.[5]

In April 2013, the foundation announced a new program area focused on regional climate and energy issues, granting $25 million to two longtime partners working in those areas.[6]

Impact Investing[]

In 2014, The McKnight Foundation committed to investing $200 million, or 10% of its $2 billion endowment, in strategies that align with its mission. IThis money is invested with three goals: quickening a transition to a low-carbon economy, protecting the Mississippi River, and contributing to a thriving, sustainable Minneapolis-St.Paul metro area.[7][8]

References[]

  1. ^ "Staff & Board". McKnight Foundation. Retrieved 2016-10-18.
  2. ^ Jump up to: a b "McKnight Foundation" (PDF). Foundation Center. 18 November 2016. Retrieved 11 July 2017.
  3. ^ Jump up to: a b c "About The McKnight Foundation: Overview". Retrieved 2016-10-18.
  4. ^ "McKnight Foundation | Development Co-operation Profiles – McKnight Foundation | OECD iLibrary".
  5. ^ Jump up to: a b Colleen Frankhart "DEEP Pockets," Planning, volume 75, issue 1, January 2009.
  6. ^ "McKnight Foundation Launches Climate and Energy Program, Announces $25 Million in Grants". philanthropynewsdigest.org. Retrieved 18 October 2016.
  7. ^ "Focusing on their missions, Minnesota charities are shifting millions in spending". Pioneer Press. Retrieved 24 March 2017.
  8. ^ "Impact Investees". The McKnight Foundation. Retrieved 24 March 2017.

External links[]

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