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]
 | |
| Formation | 1953 |
|---|---|
| Founder | William L. McKnight and Maude L. McKnight |
| Legal status | 501(c)(3) organisation |
| Location | |
Area served | Worldwide |
Key people | Tonya Allen, President;[1] |
| Endowment | $2.5 billion USD[2] |
| Website | https://www.mcknight.org/ |
History
editThe 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
edit- ^ "Staff & Board". McKnight Foundation. Retrieved 2021-11-04.
- ^ "McKnight Foundation Commits to Net Zero Across $3 Billion Endowment: Overview". 18 October 2021. Retrieved 2021-11-04.
- ^ "Grants". McKnight Foundation. Retrieved 2023-05-04.
- ^ Colleen Frankhart "DEEP Pockets," Planning, volume 75, issue 1, January 2009.
- ^ [citation needed]
External links
edit
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