McKnight Foundation

McKnight Foundation

The McKnight Foundation is a philanthropic organization based in Minneapolis, Minnesota in the United States. The foundation's interests lie in the environment, the arts, community development, and 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 both McKnight and his wife Maude, the foundation's assets grew substantially in the 1980s. As of 2009, the Foundation had assets of over $1.8 billion.[2] is ranked twenty second on the Foundation Center's list of the largest private foundations in America.[1]

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

Reference

  1. ^ a b 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. http://www.mcknight.org/stream_document.aspx?rRID=8398&pRID=8397. Retrieved 2010-11-23. 

External link


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