Mcknight Foundation
- Assets
- $3.2b
- Revenue
- $364.6m
- Investments
- $3.1b
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 07/1994
- Data as of
- 12/2021
- 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 12/2021, Mcknight Foundation generated $364.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 24.9% each year . All expenses for the organization totaled $177.0m during the year ending 12/2021. While expenses have increased by 12.3% 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 5,126 individual grants totaling $631,618,617. 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
2021
Describe the Organization's Program Activity:
2021 MIDWEST CLIMATE PHILANTHROPY SUMMIT: IN THIS PIVOTAL MOMENT FOR GLOBAL CLIMATE ACTION, MCKNIGHT LED A COLLABORATE PHILANTHROPIC GATHERING TO STEP UP OUR COLLECTIVE AMBITION IN THE MIDWEST. WE SHARED A VISION FOR COLLABORATIVE CLIMATE ACTION AS WELL AS AN ASSESSMENT OF THE CLIMATE ADVOCACY AND CIVIC ENGAGEMENT LANDSCAPES IN THE REGION. THIS EVENT WAS DEVELOPED TO BRING TOGETHER BOTH LONG-TIME MIDWEST FUNDERS AS WELL AS THOSE INTERESTED IN LEARNING MORE.
2021 FARMER RESEARCH NETWORK ONLINE GATHERING: OVER THREE DAYS, THE ONLINE GATHERING FOCUSED ON UNDERSTANDING THE REALITY AND THE POTENTIAL OF PARTICIPATORY, INCLUSIVE RESEARCH ON AGROECOLOGY REIMAGINING RESILIENT, AGROECOLOGY-BASED FOOD SYSTEMS USING OUR COLLECTIVE VOICE TO ADVANCE AGROECOLOGICAL TRANSITIONS. THERE WERE SIMULTANEOUS INTERPRETATION IN ENGLISH, SPANISH AND FRENCH, AND THE SESSIONES FOCUSED ON PEOPLE FROM DIFFERENT REGIONS WHERE CCRP WORKS (WEST AFRICA, EASTERN-SOUTHERN AFRICA AND THE ANDES).
2021 WEST AFRICA COMMUNITY OF PRACTICE ANNUAL CONVENING: THE OVERALL GOAL OF THE 2021 ANNUAL WEST AFRICA COP CONVENING WAS TO RETHINK AND LEVERAGE SYNERGIES TO ADVANCE THE FARMER RESEARCH NETWORK (FRN) APPROACH AND MOVE TOWARDS AGROECOLOGICAL TRANSITION (AET) IN A CONTEXT OF THE COVID-19 PANDEMIC COUPLED WITH FOOD, PEOPLE, AND PROPERTY INSECURITY. HELD FROM APRIL 12-15, 2021, THE HYBRID MEETING (COMBINING VIRTUAL AND IN-PERSON INTERACTIONS) ENGAGED CCRP GRANTEES, PARTNERS, RESOURCE TEAMS, AND STUDENTS. PARTICIPANTS SHARED PROJECT UPDATES RELATED TO DIFFERENT THEMATIC CORES SUCH AS AGROBIODIVERSITY, PEST AND DISEASE MANAGEMENT, SOIL HEALTH, NUTRIENT CYCLING, AGROECOLOGICAL SYSTEMS AND FOOD SYSTEMS RESEARCH, AND LOCAL INNOVATION. GROUP WORK EXPLORED OPPORTUNITIES FOR SYNERGIES ON THE GROUND. IN SCIENTIFIC SEMINARS, STUDENT RECEIVED FEEDBACK ON THEIR WORK. PANELS ON FARMER-TO-FARMER INTERACTION AND ON FRN-FOR-AET COMPLEMENTED THE MEETING. (SEE SUPPLEMENTAL INFORMATION)
2021 ANDES COMMUNITY OF PRACTICE (COP) ANNUAL CONVENING: PARTICIPANTS OF THE 17TH ANNUAL COP MEETING GATHERED VIRTUALLY FOR A 2-WEEK CONVENING FROM JULY 6-16, 2021. THIS WAS THE 2ND ANNUAL VIRTUAL COP AFTER THE ANDES TEAM TRANSITIONED THE TRADITIONALLY IN-PERSON CONVENING TO BE VIRTUAL IN LIGHT OF THE COVID PANDEMIC. THE OVERALL AIM OF THE MEETING WAS TO GENERATE AND SHARE KNOWLEDGE AMONG THE GROUP RELATED TO THEIR SPECIFIC WORK, THEIR COLLABORATIONS, AND THE BROADER SYSTEM OF AGRICULTURE RESEARCH AND DEVELOPMENT IN THE ANDES REGION.
2021 MIDWEST CLIMATE PHILANTHROPY SUMMIT: IN THIS PIVOTAL MOMENT FOR GLOBAL CLIMATE ACTION, MCKNIGHT LED A COLLABORATE PHILANTHROPIC GATHERING TO STEP UP OUR COLLECTIVE AMBITION IN THE MIDWEST. WE SHARED A VISION FOR COLLABORATIVE CLIMATE ACTION AS WELL AS AN ASSESSMENT OF THE CLIMATE ADVOCACY AND CIVIC ENGAGEMENT LANDSCAPES IN THE REGION. THIS EVENT WAS DEVELOPED TO BRING TOGETHER BOTH LONG-TIME MIDWEST FUNDERS AS WELL AS THOSE INTERESTED IN LEARNING MORE.
2021 FARMER RESEARCH NETWORK ONLINE GATHERING: OVER THREE DAYS, THE ONLINE GATHERING FOCUSED ON UNDERSTANDING THE REALITY AND THE POTENTIAL OF PARTICIPATORY, INCLUSIVE RESEARCH ON AGROECOLOGY REIMAGINING RESILIENT, AGROECOLOGY-BASED FOOD SYSTEMS USING OUR COLLECTIVE VOICE TO ADVANCE AGROECOLOGICAL TRANSITIONS. THERE WERE SIMULTANEOUS INTERPRETATION IN ENGLISH, SPANISH AND FRENCH, AND THE SESSIONES FOCUSED ON PEOPLE FROM DIFFERENT REGIONS WHERE CCRP WORKS (WEST AFRICA, EASTERN-SOUTHERN AFRICA AND THE ANDES).
2021 WEST AFRICA COMMUNITY OF PRACTICE ANNUAL CONVENING: THE OVERALL GOAL OF THE 2021 ANNUAL WEST AFRICA COP CONVENING WAS TO RETHINK AND LEVERAGE SYNERGIES TO ADVANCE THE FARMER RESEARCH NETWORK (FRN) APPROACH AND MOVE TOWARDS AGROECOLOGICAL TRANSITION (AET) IN A CONTEXT OF THE COVID-19 PANDEMIC COUPLED WITH FOOD, PEOPLE, AND PROPERTY INSECURITY. HELD FROM APRIL 12-15, 2021, THE HYBRID MEETING (COMBINING VIRTUAL AND IN-PERSON INTERACTIONS) ENGAGED CCRP GRANTEES, PARTNERS, RESOURCE TEAMS, AND STUDENTS. PARTICIPANTS SHARED PROJECT UPDATES RELATED TO DIFFERENT THEMATIC CORES SUCH AS AGROBIODIVERSITY, PEST AND DISEASE MANAGEMENT, SOIL HEALTH, NUTRIENT CYCLING, AGROECOLOGICAL SYSTEMS AND FOOD SYSTEMS RESEARCH, AND LOCAL INNOVATION. GROUP WORK EXPLORED OPPORTUNITIES FOR SYNERGIES ON THE GROUND. IN SCIENTIFIC SEMINARS, STUDENT RECEIVED FEEDBACK ON THEIR WORK. PANELS ON FARMER-TO-FARMER INTERACTION AND ON FRN-FOR-AET COMPLEMENTED THE MEETING. (SEE SUPPLEMENTAL INFORMATION)
2021 ANDES COMMUNITY OF PRACTICE (COP) ANNUAL CONVENING: PARTICIPANTS OF THE 17TH ANNUAL COP MEETING GATHERED VIRTUALLY FOR A 2-WEEK CONVENING FROM JULY 6-16, 2021. THIS WAS THE 2ND ANNUAL VIRTUAL COP AFTER THE ANDES TEAM TRANSITIONED THE TRADITIONALLY IN-PERSON CONVENING TO BE VIRTUAL IN LIGHT OF THE COVID PANDEMIC. THE OVERALL AIM OF THE MEETING WAS TO GENERATE AND SHARE KNOWLEDGE AMONG THE GROUP RELATED TO THEIR SPECIFIC WORK, THEIR COLLABORATIONS, AND THE BROADER SYSTEM OF AGRICULTURE RESEARCH AND DEVELOPMENT IN THE ANDES REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Investment Committee | 4 | $5,000 | |
Kara Carlisle VP - Programs | 40 | $303,494 | |
Na Eng Dir, Communications | 40 | $218,070 | |
Jane Maland Cady Program Director | 40 | $187,865 | |
Stephanie Duffy Dir Grants Info Mgmt | 40 | $187,341 | |
David Nicholson Program Director | 40 | $178,476 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cornell University | 12/30/21 | $500,801 |
Mercer Investment Consulting | 12/30/21 | $440,000 |
Goldman Sachs Asset Management Lp | 12/30/21 | $360,000 |
Darlene Renee Walser | 12/30/21 | $250,000 |
Cambridge Associates Llc | 12/30/21 | $235,000 |
Cornell University | 12/30/21 | $500,801 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $381,199 |
| Dividends & Interest | $26,143,458 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $321,720,978 |
| Capital Gain Net Income | $307,827,751 |
| Net ST Capital Gain | $0 |
| Income Modifications | $2,551,399 |
| Profit on Inventory Sales | $0 |
| Other Income | $16,311,368 |
| Total Revenue | $364,557,003 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,619,486 |
| Other employee salaries and wages | $5,891,403 |
| Pension plans, employee benefits | $2,097,425 |
| Interest | $0 |
| Taxes | $10,038,352 |
| Depreciation | $155,439 |
| Occupancy | $1,293,058 |
| Travel, conferences, and meetings | $306,330 |
| Printing and publications | $52,980 |
| Other expenses | $25,688,556 |
| Total operating and administrative expenses | $70,791,493 |
| Contributions, gifts, grants paid | $106,257,655 |
| Total expenses and disbursements | $177,049,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $312,774 |
| Savings and temporary cash investments | $97,864,141 |
| 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 | $12,654 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,295,169,332 |
| Net Land, buildings, and equipment | $606,206 |
| Other assets | $16,384,248 |
| Total assets | $3,199,348,023 |
| Accounts payable and accrued expenses | $2,194,684 |
| Grants payable | $43,849,952 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $116,473,808 |
| Total liabilities | $162,518,444 |
Grants Awarded
Over the last fiscal year, Mcknight Foundation has awarded $262,956,000 in support to 2,088 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: TO EQUITABLY DECARBONIZE THE MIDWEST POWER, TRANSPORTATION, AND BUILDING SECTORS | $9,600,000 |
San Francisco, CA PURPOSE: TO EQUITABLY DECARBONIZE THE MIDWEST POWER, TRANSPORTATION, AND BUILDING SECTORS | $9,600,000 |
Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $3,400,000 |
Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $3,400,000 |
Minneapolis, MN PURPOSE: FOR THE SEEDING CULTURAL TREASURES INITIATIVE | $2,500,000 |
Minneapolis, MN PURPOSE: FOR THE SEEDING CULTURAL TREASURES INITIATIVE | $2,500,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mcknight Foundation has recieved totaling $4,779,014.
| Awarding Organization | Amount |
|---|---|
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: AGRICULTURAL DEVELOPMENT | $4,779,014 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wells Fargo Foundation Minneapolis, MN | $19,901,969 | $157,727,777 |
Mcknight Foundation Minneapolis, MN | $3,199,348,023 | $364,557,003 |
Lynde And Harry Bradley Foundation Inc Milwaukee, WI | $1,061,478,184 | $82,867,746 |
United Health Foundation Minnetonka, MN | $216,072,517 | $86,645 |
Highlands Foundation Inc Madison, WI | $16,807,622 | $1,089,528 |
Rockwell Automation Charitable Corporation Milwaukee, WI | $6,137,007 | $10,007,891 |
The Green Fern Foundation Minneapolis, MN | $108,921,285 | $8,489,620 |
Andersen Corporate Foundation Bayport, MN | $0 | $11,597,422 |
Telligen Community Initiative West Des Moines, IA | $44,005,034 | $3,901,747 |
Wisconsin Public Service Foundation Inc Green Bay, WI | $36,455,212 | $2,413,868 |
Stepping Stones Of Dunn County Inc Menomonie, WI | $1,791,074 | $2,010,388 |
Remick Family Foundation Rochester, MN | $37,696,720 | $873,083 |