Finances
The McKnight Foundation was founded in 1953 by William L. McKnight, an early leader of the 3M Corporation, and Maude L. McKnight,Colleen Frankhart "DEEP Pockets," ''Planning'', volume 75, issue 1, January 2009. and was independently endowed by the McKnight's. Bolstered by their estates, the foundation's assets grew substantially in the 1980s. In 2021, the foundation assets were approximately $3 billion.Impact Investing
The McKnight Foundation committed to achieving net zero greenhouse gas emissions across its $3 billion endowment by 2050 at the latest. In 2014, the McKnight Foundation committed to investing $200 million (10 percent of its $2 billion endowment) in strategies that align with McKnightâs mission. These investments generate financial return, meet their fiduciary duty, and drive program learning, all while advancing McKnight's mission. They aim to generate a triple bottom line.References
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