MINNEAPOLIS, MN
Mcknight Foundation
Quick Facts
- EIN
- 410754835
- Location
- MINNEAPOLIS, MN
- Category
- Philanthropy & Grantmaking
- Total Assets
- $2.7B
- Annual Income
- $955.4M
- IRS Ruling Year
- 1994
- Organization Type
- Corporation
- Tax Deductibility
- Contributions are deductible
About This Foundation
Mcknight Foundation is a private corporation based in MINNEAPOLIS, MN. The foundation received its IRS ruling in 1994. It holds total assets of $2.7B. Annual income is reported at $955.4M. The foundation operates in the area of philanthropy & grantmaking. Contributions to this foundation are tax-deductible.
View 990 FilingsFinancial Overview
Total Giving
$162.8M
2023-19%
Total Assets
$2.7B
2023+4%
Fair Market Value
$2.7B
2023
Net Worth
$2.6B
2023
Grants Paid
$114.8M
2023
Contributions
$0
2023
Net Investment Income
$93.4M
2023
Distribution Amount
$133.5M
2023
Total Giving by Year
$106M
11$82.2M
12$137.8M
13$94.9M
14$111.4M
15$127.4M
19$123.7M
20$177M
21$200.9M
22$162.8M
23Asset Growth
$2B
11$2.1B
12$2.2B
13$2.3B
14$2.2B
15$2.6B
19$2.8B
20$3.2B
21$2.6B
22$2.7B
23Investment Portfolio (2023)
Total: $1.3B
Corporate Stock: $1B
Corporate Bonds: $224.8M
Government Obligations: $56.9M
Other Investments: $1.3B
Cash: $876K
Corporate Stock (40%)
Corporate Bonds (9%)
Government Obligations (2%)
Other Investments (49%)
Cash (0%)
Expense Breakdown (2023)
Grants Paid$114.8M
Pension & Benefits$2.9M
Officer Compensation$1.7M
Occupancy$1.3M
Travel & Conferences$1.3M
Legal Fees$430K
Accounting Fees$177K
Depreciation$168K
Printing & Publications$28K
Revenue Sources (2023)
- Capital Gains (Net)
- $71.3M
- Dividends
- $25M
- Other Income
- $10.1M
- Interest
- $344K
Financial Details (2023)
- Total Revenue
- $106.7M
- Total Expenses
- $162.8M
- Exempt Purpose Expenses
- $131.9M
- Required Distribution
- $133.5M
- Undistributed Income
- $0
- Grants Approved (Future)
- $41.5M
- Total Liabilities
- $96.6M
- Excise Tax
- $1.3M
Foundation Classification (2023)
Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings
Grantmaking Insights
Total Grants
50
Total Giving
$49.6M
Average Grant
$992K
Median Grant
$528K
Grant Range
Min$300K
Max$9.6M
Median: $528K
Smallest grantLargest grant
Geographic Distribution of Grants
AK
ME
VT
VT: $675K (1)
NH
WA
WA: $922K (1)
ID
MT
ND
MN
MN: $25.3M (31)
WI
MI
NY
NY: $2.2M (2)
MA
CT
CT: $500K (1)
RI
OR
NV
WY
WY: $2M (2)
SD
IA
IL
IN
OH
PA
PA: $922K (1)
NJ
CA
CA: $9.9M (2)
UT
UT: $922K (1)
CO
CO: $800K (1)
NE
MO
MO: $600K (1)
KY
WV
VA
MD
DE
DC
DC: $3.4M (3)
AZ
NM
KS
AR
TN
NC
SC
OK
LA
MS
AL
GA
FL
FL: $750K (1)
HI
TX
MN$25.3M (31)
CA$9.9M (2)
DC$3.4M (3)
NY$2.2M (2)
WY$2M (2)
PA$922K (1)
Past Grantees
| Recipient | Location | Amount | Year |
|---|---|---|---|
| United States Energy FoundationTo build and support the Midwest network of advocates in pursuit of ambitious and equitable climate action | San Francisco, CA | $9.6M | 2023 |
| The Mcknight Endowment Fund For NeuroscienceFor award programs supporting research in neuroscience | Minneapolis, MN | $2.6M | 2023 |
| Habitat For Humanity Of Minnesota IncFor a recoverable grant to expedite deployment of newly appropriated Homeownership Investments Grant program ($40M) and leverage expanded resources in Workforce & Affordable Homeownership Program, Challenge Program ($60M), and Housing Infrastructure Bonds | Saint Paul, MN | $2.5M | 2023 |
| New Venture FundTo support grantmaking and technical assistance for BIPOC organizing on climate and clean energy in the Midwest | Washington, DC | $2M | 2023 |
| The Minneapolis FoundationFor McKnight's Donor Advised Fund | Minneapolis, MN | $2M | 2023 |
| YouthpriseFor one-time strategic capital | Minneapolis, MN | $2M | 2023 |
| YouthpriseFor general operating support, and one-time project support to assist Youthprise in business model planning | Minneapolis, MN | $1.9M | 2023 |
| Community Foundation Of Jackson HoleFor family-directed giving | Jackson, WY | $1.7M | 2023 |
| Minnesota Community Land Trust CoalitionTo create a 0% loan fund to leverage state appropriations and support the 13 MN Community Land Trusts with acquisition, pre-development, and development costs associated with creating perpetually affordable homes across Minnesota | Duluth, MN | $1.5M | 2023 |
| Local Initiatives Support CorporationTo support the operations of LISC Twin Cities | New York, NY | $1.3M | 2023 |
| The Mcknight Endowment Fund For NeuroscienceFor award programs supporting research in neuroscience | Minneapolis, MN | $1.1M | 2023 |
| Windward FundTo position clean energy, low-carbon jobs, and climate-friendly agriculture practices as a primary driver of abundant, equitable job creation in rural America | Washington, DC | $1M | 2023 |
| Northcountry Cooperative FoundationFor a recoverable grant for capital to lend to low-income communities | St Paul, MN | $1M | 2023 |
| Build Wealth Mn IncFor lending and seed capital for the 9000 Equities Targeted Mortgage Program | Minneapolis, MN | $1M | 2023 |
| Local Initiatives Support CorporationTo increase the availability of and access to quality affordable housing throughout the state of Minnesota | New York, NY | $981K | 2023 |
| National Philanthropic TrustFor family-directed giving | Jenkintown, PA | $922K | 2023 |
| Innovia FoundationFor family-directed giving | Spokane, WA | $922K | 2023 |
| Park City Community FoundationFor family-directed giving | Park City, UT | $922K | 2023 |
| Metropolitan Economic Development AssociationTo build capacity for the Access To Capital 2025 Initiative | Minneapolis, MN | $820K | 2023 |
| Meridian InstituteTo support the Regen10 initiative | Dillon, CO | $800K | 2023 |
| Bme NetworksTo support Black leaders in Minnesota to effectively respond to our current moment and the future and to support the SOAR effort | Palmetto Bay, FL | $750K | 2023 |
| University Of Vermont And State Agricultural College FoundationTo support Transformative Agroecology | Burlington, VT | $675K | 2023 |
| Great Plains Institute For Sustainable DevelopmentTo engage and support interested and affected parties toward equitably implementing the 100% clean energy legislation and reducing emissions from the building, energy, and transportation sectors | Minneapolis, MN | $600K | 2023 |
| Greater HorizonFOR MATCHING GIFTS | Kansas City, MO | $600K | 2023 |
| Nexus Community PartnersFor general operating support | St Paul, MN | $550K | 2023 |
| Fresh EnergyTo move Minnesota and the Midwest toward dramatic near-term reductions in carbon pollution through equity-centered policy work, partnerships, and innovation | St Paul, MN | $506K | 2023 |
| Minnesota Home Ownership CenterFor general operating support, and to build the capacity of down payment assistance players across the state | Saint Paul, MN | $500K | 2023 |
| Twin Cities Habitat For Humanity IncTo build capacity and expand a Special Purpose Credit Program (SPCP) to increase Black homeownership in the Twin Cities and regionally in alignment with the GroundBreak Coalition | St Paul, MN | $500K | 2023 |
| Headwaters Foundation For JusticeFor general operating support | Minneapolis, MN | $500K | 2023 |
| Northcountry Cooperative FoundationFor general operating support, and for equity capital for NCF's loan fund, and to build organizational capacity to access and absorb state resources to better meet demand | St Paul, MN | $500K | 2023 |
| Inclusive Prosperity Capital IncFor general operating support | Hartford, CT | $500K | 2023 |
| Habitat For Humanity Of Minnesota IncFor general operating support | Saint Paul, MN | $500K | 2023 |
| Midwest Minnesota Community Development CorporationTo support start-up costs for a statewide First-Generation Homebuyers Down Payment Assistance Fund to reduce the racial homeownership gap, for individuals who lack generational wealth and without assistance would not achieve homeownership | Detroit Lakes, MN | $480K | 2023 |
| St Paul Transportation Management OrganizationFor general operating support | St Paul, MN | $475K | 2023 |
| Minnesota Housing PartnershipTo advance a housing narrative campaign that advances equitable housing outcomes, assumptions, and attitudes to drive transformational change so all Minnesotans have access to affordable housing | Saint Paul, MN | $400K | 2023 |
| The Minneapolis FoundationTo build regional environmental justice capacity for collaboration, network building, and policy and projects related to climate, energy, health, and water justice in the Midwest | Minneapolis, MN | $400K | 2023 |
| Working Partnerships IncorporatedTo support efforts that broker knowledge and resources, nurture collaboration, and build relationships among worker centers and union partners | Minneapolis, MN | $400K | 2023 |
| Center For Economic InclusionFor general operating support | St Paul, MN | $400K | 2023 |
| Family Housing FundFor general operating support to build a housing system that ensures equitable housing access, stability, and affordability for the Twin Cities region | Minneapolis, MN | $375K | 2023 |
| Statistics For Sustainable DevelopmentResearch Methods Support | Reading | $350K | 2023 |
| New Venture FundTo engage several key stakeholder groups in increasing the visibility of impact investing while also strengthening the capacity of the field | Washington, DC | $350K | 2023 |
| University Of Minnesota FoundationFor program and regranting support for CURA Community Programs to nourish an ecosystem for reparative policy change through data, research, organizing and leadership development, and democratizing complex information through art | Minneapolis, MN | $340K | 2023 |
| Citizens Utility Board Of MinnesotaFor general operating support | St Paul, MN | $325K | 2023 |
| Food And Agriculture Organization Of The United NationsStrengthening multi-stakeholder cooperation on Agroecology through integrated tools to enable transformative change | Rome | $320K | 2023 |
| Minnesota Center For Environmental AdvocacyFor strategy leadership to transform the energy sector, decarbonize building, maximize implementation of new laws, and achieve equitable outcomes at the Public Utilities Commission | St Paul, MN | $300K | 2023 |
| Center For Energy And EnvironmentTo advance equitable building decarbonization in Minnesota | Minneapolis, MN | $300K | 2023 |
| Sierra Club FoundationTo decarbonize the power, transportation, and building sectors in Minnesota, Iowa, and Wisconsin, to realize an equitable clean energy future; guided by principles of democratic organizing and racial justice | Oakland, CA | $300K | 2023 |
| Clean Grid AllianceFor general operating support, and to support the Land & Liberty Coalition | St Paul, MN | $300K | 2023 |
| Community Foundation Of Jackson HoleFor the Staryk Family Fund | Jackson, WY | $300K | 2023 |
| Our Streets MinneapolisFor general operating support, and for capacity building | Minneapolis, MN | $300K | 2023 |
990-PF Filings
| Tax Period | Return Type | View |
|---|---|---|
| 2023-12 | 990PF | View Filing |
| 2022-12 | 990PF | View Filing |
| 2021-12 | 990PF | View Filing |
| 2020-12 | 990PF | View Filing |
Filings sourced from IRS e-file index. View all on ProPublica
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