McKnight Foundation

McKnight Foundation
Founded1953
FounderWilliam L. McKnight and Maude L. McKnight
Location
Area served
Worldwide
Key people
Tonya Allen, President;
Endowment$2.5 billion USD
Websitehttps://www.mcknight.org/

The McKnight Foundation is a 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.



This page was last updated at 2024-02-04 02:52 UTC. Update now. View original page.

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