McKnight Foundation

McKnight Foundation
Formation1953; 73 years ago (1953)
FounderWilliam L. McKnight and Maude L. McKnight
Legal status501(c)(3) organisation
LocationMinneapolis, Minnesota
Region served
Worldwide
Key people
Tonya Allen, President;
Endowment$2.5 billion USD
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.

History

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

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]