McKnight Foundation

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The McKnight Foundation is a philanthropic organization based in Minneapolis, Minnesota, in the US. The foundation's interests lie in the environment, the arts, community development and traditions along with other areas.

The Foundation was set up by William L. McKnight and Maude L. McKnight in 1953.[1] William McKnight was an early leader of the 3M corporation. The Foundation is privately endowed and has always been independent of the 3M company.

Bolstered by the estates of McKnight and his wife Maude, the foundation's assets grew substantially in the 1980s. In 2009, the foundation held over $1.8 billion of assets[2] and was ranked twenty-second on the Foundation Center's list of the largest private foundations in America.[1]

In April 2013, the foundation announced a new strategy focussed on regional climate and energy issues as well as a $25 million grant to two partners working in those areas.[3]

The foundation's board of directors is largely composed of McKnight's descendants and is chaired by Robert J. Struyk.

References

  1. ↑ 1.0 1.1 Colleen Frankhart "DEEP Pockets," Planning, volume 75, issue 1, January 2009.
  2. ↑ "2009 Annual Report" (PDF). Annual Reports and Tax Forms. The McKnight Foundation. 2009. Retrieved 2010-11-23. 
  3. ↑ "McKnight Foundation Launches Climate and Energy Program, Announces $25 Million in Grants". Foundation.org. Retrieved 17 April 2013. 

External links

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