McKnight Foundation

McKnight Foundation
Formation1953; 71 years ago (1953)
FounderWilliam L. McKnight and Maude L. McKnight
Legal status501(c)(3) organisation
Location
Area served
Worldwide
Key people
Tonya Allen, President;[1]
Endowment$2.5 billion USD[2]
Websitehttps://www.mcknight.org/

The McKnight Foundation is an American Minnesota-based family foundation. Established in 1953, the McKnight Foundation maintains a $2.5 billion endowment, which it distributes in grants. In 2022, the foundation issued $120 million, supporting Minnesota cultural institutions, climate change efforts, and social justice initiatives, among other goals.[3]

History

The McKnight Foundation was founded in 1953 by William L. McKnight, an early leader of the 3M Corporation, and Maude L. McKnight,[4] and was independently endowed by the McKnight's. Bolstered by their estates, the foundation's assets grew substantially in the 1980s.[5]

References

  1. ^ "Staff & Board". McKnight Foundation. Retrieved 2021-11-04.
  2. ^ "McKnight Foundation Commits to Net Zero Across $3 Billion Endowment: Overview". 18 October 2021. Retrieved 2021-11-04.
  3. ^ "Grants". McKnight Foundation. Retrieved 2023-05-04.
  4. ^ Colleen Frankhart "DEEP Pockets," Planning, volume 75, issue 1, January 2009.
  5. ^ [citation needed]


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