Mcknight Foundation
- Assets
- $2.6b
- Revenue
- $165.0m
- Investments
- $2.5b
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 07/1994
- Data as of
- 12/2022
- EIN
- 41-0754835
Organization Overview
Mcknight Foundation is located in Minneapolis, MN. The organization was established in 1994. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcknight Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Mcknight Foundation generated $165.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $200.9m during the year ending 12/2022. While expenses have increased by 12.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Mcknight Foundation has awarded 7,227 individual grants totaling $962,856,967. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
GROUNDBREAK COALITION: MCKNIGHT SERVES AS LEAD CONVENOR OF THE GROUNDBREAK COALITION, A GROUP OF OVER 40 CORPORATE, CIVIC, AND PHILANTHROPIC LEADERS COMMITTED TO DEMONSTRATING THAT WITH ENOUGH RESOURCES, A RACIALLY EQUITABLE AND CARBON-NEUTRAL FUTURE IS POSSIBLE NOW. GROUNDBREAK CONVENED OVER 170 PEOPLE IN A 6 MONTH PROCESS TO IDENTIFY SOLUTIONS THAT, IF IMPLEMENTED, WOULD CLOSE RACIAL WEALTH GAPS IN MINNEAPOLIS-ST. PAUL. IN FUTURE YEARS, THE COALITION WILL FOCUS ON RAISING ENOUGH RESOURCES TO IMPLEMENT THOSE SOLUTIONS IN OUR REGION.
2022 ANDES COMMUNITY OF PRACTICE ANNUAL CONVENING: THE EIGHTEENTH ANNUAL MEETING OF THE COMMUNITY OF PRACTICE OF THE ANDES REGION (COP18) WAS DEVELOPED AS A FACE TO FACE MEETING AFTER TWO YEARS,BETWEEN JULY 10TH TO 16TH. AROUND 55 REPRESENTATIVES FROM CCRP PROJECTS AND GUESTS FROM DIFFERENT COUNTRIES PARTICIPATED INTO THE COP18. THE COP MEEING WAS HELD IN QUITO, ECUADOR.
2022 EASTERN-SOUTHERN AFRICA COMMUNITY OF PRACTICE ANNUAL CONVENING: WITH THE GENERAL OBJECTIVE OF ADVANCING THE COP AS A RECOGNIZED CONTRIBUTOR TO AE TRANSFORMATION IN ESAF, THE SPECIFIC OBJECTIVE OF THE COP MEETING WAS TO BUILD NETWORKS, SOCIAL CAPITAL AND COMMON UNDERSTANDING BETWEEN ALL COP MEMBERS; EXCHANGE THE LATEST RESULTS AND IDEAS ON AGROECOLOGY TRANSITIONS IN THE REGION; UNDERSTAND THE EVOLVING NATURE OF CCRP AND IMPLICATIONS FOR ES AFRICA REFLECT ON THE REGIONAL TOC AND WAYS IT CAN BE MADE MORE USEFUL AND CONTRIBUTE TO CONTINUED DEVELOPMENT OF THE COP. THE COP WAS HELP IN ARUSHA, TANZANIA FROM OCTOBER 17-21,2022.
2022 WEST AFRICA COMMUNITY OF PRACTICE ANNUAL CONVENING: THE OBJECTIVE OF THE COP WAS REFRESH RELATIONSHIPS WITHIN THE WAF COMMUNITY OF PRACTICE, STRENGTHEN OUR COMMUNITY, FOSTER RESILIENCE IN CHALLENGING TIMES, SHARE 2020-2021 PROJECT RESULTS, IMPACTS AND LEARNINGS, EMBRACE "AGROECOLOGICAL TRANSITIONS" IN THE WAF CONTEXT , FOSTER STRATEGIC ALIGNMENT WITHIN THE COP - FROM THE REGIONAL VISION TO INDIVIDUAL RESEARCH QUESTIONS / EXPERIMENTS TO FARMERS' NEEDS; IDENTIFY STRATEGIC SUPPORT NEEDS (RMS, AES, SOILS), FOSTER SYNERGIES AND COLLABORATIONS ON THE GROUND (JOINT EXPERIMENTATION) TO MAKE RESEARCH MORE EFFECTIVE AND STRENGTHEN STUDENT'S PRESENTATION SKILLS. THE COP MEEING WAS HELD IN OUAGADOUGOU, BURKINA FASO FROM 8-12 AUGUST 2022
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director & Treasurer | 4 | $25,000 | |
Name Not Listed Director & Board Chair | 5 | $35,000 | |
Name Not Listed Director | 2 | $25,000 | |
Name Not Listed Investment Committee | 1 | $5,000 | |
Name Not Listed Director & Finance Committee Chair | 2 | $25,000 | |
Name Not Listed Director | 3 | $25,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Imagine Deliver | 12/30/22 | $649,849 |
Mercer Investment Consulting | 12/30/22 | $485,168 |
Goldman Sachs Asset Management | 12/30/22 | $480,000 |
Robert Half International Inc | 12/30/22 | $411,723 |
Salo Llc | 12/30/22 | $389,135 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $107,654 |
| Interest on Savings | $268,858 |
| Dividends & Interest | $23,294,619 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $131,510,434 |
| Capital Gain Net Income | $131,725,229 |
| Net ST Capital Gain | $0 |
| Income Modifications | $500,000 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,854,880 |
| Total Revenue | $165,036,445 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,585,360 |
| Other employee salaries and wages | $7,106,689 |
| Pension plans, employee benefits | $2,553,247 |
| Interest | $0 |
| Taxes | $1,835,112 |
| Depreciation | $159,177 |
| Occupancy | $1,420,123 |
| Travel, conferences, and meetings | $960,427 |
| Printing and publications | $13,829 |
| Other expenses | $1,415,873 |
| Total operating and administrative expenses | $45,617,707 |
| Contributions, gifts, grants paid | $155,282,351 |
| Total expenses and disbursements | $200,900,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,600,546 |
| Savings and temporary cash investments | $44,591,733 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $115,726 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,180,625,076 |
| Net Land, buildings, and equipment | $551,412 |
| Other assets | $40,550,831 |
| Total assets | $2,566,350,071 |
| Accounts payable and accrued expenses | $4,594,497 |
| Grants payable | $78,544,953 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $46,436,975 |
| Total liabilities | $129,576,425 |
Grants Awarded
Over the last fiscal year, Mcknight Foundation has awarded $199,760,350 in support to 1,057 organizations.
| Grant Recipient | Amount |
|---|---|
ALL SQUARE PURPOSE: TO SUPPORT A MOVEMENT TO STRUCTURALLY TRANSFORM THE LEGAL DISCIPLINE THROUGH A SERIES OF INITIATIVES THAT CENTER RACIAL EQUITY, WELLNESS, AND THE EXPERTISE OF THOSE MOST IMPACTED BY THE LAW | $5,000 |
AMALGAMATED CHARITABLE FOUNDATION INC PURPOSE: TO ADVANCE RACIAL EQUITY AND JUSTICE BY SHIFTING POWER AND RESOURCES TO BLACK, INDIGENOUS, AND LATINO/A/X PEOPLE LIVING IN LOW WEALTH, UNDER-RESOURCED COMMUNITIES | $900,000 |
ALLIANCE FOR FOOD SOVEREIGNTY IN AFRICA PURPOSE: TO SUPPORT AFRICAN AGROECOLOGICAL ENTREPRENEURSHIP AND TERRITORIAL MARKETS CONVENING ON MAY 24-26, 2022 IN KAMPALA, UGANDA | $25,000 |
AMERICAN COMPOSERS FORUM PURPOSE: FOR THE MCKNIGHT ARTIST FELLOWSHIPS FOR COMPOSERS | $199,000 |
ALLIANCE OF ARTISTS COMMUNITIES PURPOSE: FOR DESIGNING AND IMPLEMENTING A RESIDENCY CONSORTIUM FELLOWSHIP PROGRAM FOR MCKNIGHT ARTIST FELLOWS | $240,000 |
ALLIANCE FOR METROPOLITAN STABILITY PURPOSE: FOR GENERAL OPERATING SUPPORT, AND SUPPORT FOR THE BLUE LINE COALITION | $200,000 |