EIN 41-0754835

The McKnight Foundation

IRS 501(c) type
501(c)(3)
Num. employees
73
Year formed
1994
Most recent tax filings
2023-12-01
NTEE code, primary
Description
The McKnight Foundation is a private foundation based in Minneapolis, MN, that primarily funds general operating support and re-granting programs to support individual artists. It serves as the lead convenor of the Groundbreak Coalition, which includes over 40 corporate, civic, and philanthropic organizations. Last year, it made 833 grants, with notable grantees such as the United States Energy Foundation.
Total revenues
$106,746,947
2023
Total expenses
$162,849,317
2023
Total assets
$2,661,443,888
2023
Num. employees
73
2023

Program areas at The McKnight Foundation

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. In 2023, groundbreak secured nearly $1 billion in commitments to fund financial tools and products designed to close racial wealth disparities in minneapolis- st. paul. In future years, The coalition will focus on continuing to raise resources and to set up fully independent operations.
2023 west africa community of practice annual convening: The sixteenth annual community of practice for collaboration across farmers, researchers, and key folks to collaborate and share findings. The objective of The cop is to refresh relationships within The waf community of practice, strengthen our community, foster resilience in challenging times, share 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 workshop was held in niamey, niger from february 26th-march 04, 2023.
2023 andes community of practice annual convening: The nineteenth annual andes community of practice was developed as a face-to-face meeting with 63 representatives from crfs projects, as well as guests from different countries. The objective is to share results of current projects' research over The past year analyzing their learnings and moving towards a joint synthesis. It is to reflect on how to promote changes inspired by agroecology and how to connect with local and global processes. In addition, they promote and deepen connections between cop participants, farmers, social organizations, representatives of public bodies, ngos, regional networks, and platforms. Lastly to project The future actions of cop events. The cop workshop was held from december 3-9, 2023.
Interest earned on loans to various local nonprofit organizations to fund projects that fulfill The charitable purposes of The Foundation.
Fees for administrative services provided to support a grant program funded by The Foundation
The Foundation received tax-exempt income of $677 on passthrough investments.

Grants made by The McKnight Foundation

GranteeGrant descriptionAmount
United States Energy FoundationTo Build and Support the Midwest Network of Advocates in Pursuit of Ambitious and Equitable Climate Action$9,600,000
The Mcknight Endowment Fund for NeuroscienceFor Award Programs Supporting Research in Neuroscience$2,580,000
Habitat for Humanity - Habitat for Humanity of MinnesotaFor 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$2,500,000
...and 642 more grants made totalling $98,880,200

Personnel at The McKnight Foundation

NameTitleCompensation
Cedrick BakerChief of Staff
Nichol HigdonVice President of Finance and Operations$325,505
Elizabeth McGeveranVice President of Investments$386,021
Kara CarlisleVice President of Programs / Vice President - Programs / Vice President Programs , 40 Kara Carlisle$315,401
Neeraj MehtaVice President of Programs$233,849
...and 19 more key personnel

Financials for The McKnight Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Investment income and dividends$25,349,547
Net rental income$0
Net gain from sale of non-inventory assets$71,250,490
Gross sales of inventory$0
Miscellaneous revenues$10,146,910
Total revenues$106,746,947

Form 990s for The McKnight Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-14990PFView PDF
2022-122023-11-14990PFView PDF
2021-122024-03-20990PFView PDF
2021-122023-03-18990PFView PDF
2021-122022-11-14990PFView PDF
...and 18 more Form 990s

Organizations like The McKnight Foundation

OrganizationLocationRevenue
The Ford Family FoundationRoseburg, OR$54,265,021
W.K. Kellogg Foundation (WKKF)Battle Creek, MI$383,208,005
Sherman Fairchild FoundationChevy Chase, MD$71,596,138
Wellspring Philanthropic FundNew York, NY$374,958,422
Herbert H. & Grace A. Dow FoundationMidland, MI$40,934,354
Bohemian FoundationFort Collins, CO$139,191,821
California Wellness FoundationLos Angeles, CA$85,291,405
Longwood Foundation (LF)Wilmington, DE$28,715,921
Blue Cross and Blue Shield of Mississippi FoundationFlowood, MS$34,409,252
U.S. Bank FoundationMilwaukee, WI$165,636,274
Data update history
January 16, 2025
Posted financials
Added Form 990PF for fiscal year 2023
January 5, 2025
Used new vendors
Identified 2 new vendors, including , and
October 31, 2024
Updated personnel
Identified 15 new personnel
July 7, 2024
Used new vendors
Identified 1 new vendor, including
January 4, 2024
Posted financials
Added Form 990PF for fiscal year 2022
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedNational levelTax deductible donationsAccepts online donations
General information
Address
710 S 2nd St Ste 400
Minneapolis, MN 55401
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Hennepin County, MN
Website URL
mcknight.org/ 
Phone
(612) 333-4220
IRS details
EIN
41-0754835
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
1994
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T21: Corporate foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
California AB-488 details
AB 488 status
May Not Operate or Solicit for Charitable Purposes
Charity Registration status
Revoked
FTB status revoked
Not revoked
AG Registration Number
128781
FTB Entity ID
2339583
AB 488 data last updated ("as-of") date
2025-02-19
Free account sign-up

Want updates when The McKnight Foundation has new information, or want to find more organizations like The McKnight Foundation?

Create free Cause IQ account