Advance a more just, creative, and abundant future where people and planet thrive. Found inside – Page 1316These organizations are AXA Community Investment Program , Bank of America , the Annie E. Casey Foundation ... L. Knight Foundation , John D. and Catherine T. MacArthur Foundation , the McKnight Foundation , Metropolitan Life Insurance ... Found inside – Page 103Community Foundations and the Challenges of the 21st Century Terry Mazany, David C. Perry ... to individuals through small grants—known as the Community Sharing Fund—was launched with an early investment from the McKnight Foundation. Found inside – Page 117The corporation's mission is to carry out the city's revitalization objectives through creative urban design and the use of program - related investments . One million dollars of the McKnight Foundation's grant is set aside for LRC's ... By supporting research and investigation, we’re working to better understand and alleviate the effects of age-related cognitive decline and memory loss. This committee makes the final decision on all investment ideas and works in close coordination with our Investment Committee for portfolio coherence. Of the biggest foundations in the United States — the 100 or so with $1 billion or more in assets — none have a deeper commitment to impact investing than the McKnight Foundation. Supporting working artists to create vibrant communities. Found inside – Page 205Graduate and postgraduate students have benefited from Agrigenetics ' investment at several university ... For example , in 1982 , the McKnight Foundation of Minneapolis announced plans to spend $ 2 million a year for the next 10 years ... Building a vibrant future for all Minnesotans with shared power, prosperity, and participation. Impact investing is an opportunity to leverage the other 95 percent beyond grant dollars to advance solutions like the need for more clean energy and decent housing. To establish the SDCF, the McKnight Foundation and the 3M Corporation issued a $5-million challenge grant to the state of South Dakota in memory of South Dakota-native William L. McKnight. The McKnight Foundation invested $2.5 million in the Wisconsin fertilizer company with the goal of making a profit for its endowment and improving … The Minneapolis-based grantmaker, which was started in 1953 by William L. McKnight, a CEO of the 3M company, has not signed the Divest-Invest pledge. Found inside – Page 575The McKnight Foundation ( 1 ) Provide $ 10 million for program - related investments at an average annual return of 12 percent with 7.25 pe ant of the return reverting to the Foundation 1.75 percent of the return ( $ 332,500 per year ) ... Oct 2014 – Mar 20194 years 6 months. Found inside – Page 308Financing IN 2018 100% 100% through grants BILATERAL Gross private development finance 9.3 USD MILLION 0% investments through programme-related 0% MULTILATERAL CORE McKnight Foundation - Top 10 recipients 2018 McKnight Foundation ... High impact investments deliver a higher level of impact in McKnight’s priority areas for environmental and social change. Please note: McKnight is preparing for a safe and phased return to the office for our team. Direct Debt or Equity G2VP Over the past 30 years, it has developed more than 50 mixed-use properties, providing homes to over 1,500 artists and their families and workspaces for 600 commercial businesses. Found inside – Page iiiRip Rapson, President and CEO, The Kresge Foundation “Investing in children's early learning is an investment in our shared ... Kate Wolford, President, McKnight Foundation Sustaining Early Childhood Learning Gains Program, School, ... Found inside – Page 20At the beginning , our former mayor promised to our funder , the McKnight Foundation , that ... Between 1969 and 1978 , there was $ 22 million in investment in this 180 - acre area , of which $ 16 million was for an industrial plant and ... 247 Number of Organizations • $11.2B Total Funding Amount • 107 Number of Investors. About McKnight Foundation's Climate Efforts. Staryk has been a member of McKnight’s board of directors since 2004, and has served on McKnight’s investment committee and as the Foundation’s treasurer. In this impact investing “carve out,” we seek financial returns comparable to conventional investments in the same asset class, alongside social/ environmental and program learning returns. Found inside – Page 165903/29/93 INDEPENDENT SECTOR VOTING MEMBERS 7 George Lucas Educational Foundation Lupus Foundation Lutheran ... Foundation McCormick Tribune Foundation McGregor Fund McKesson Foundation McKinley Associates McKnight Foundation The Meadows ... Founded in 1999, the McKnight Brain Research Foundation is the nation’s only private foundation dedicated exclusively to discovering the mysteries of the aging brain. Found inside... a not-for-profit statutory corporation, is created from a challenge endowment grant from the McKnight Foundation and operates on income derived from the investment of endowment gifts and other gifts as provided by state statute and ... Imprint’s team also serve as an important thought partner for McKnight. Fortress Investment Group LLC is a leading, highly diversified global investment manager with approximately $53.9 billion (1) of assets under management as of June 30, 2021. “The social sector is sitting on trillions of dollars in endowment funds, and every endowment offers immediate and powerful opportunities to advance a low-carbon future.”, -KATE WOLFORD, PRESIDENT AND TED STARYK, BOARD MEMBER, source: Stanford Social Innovation Review, All Content © 2021 Privacy Policy & Terms of UseSitemap. Incorporating a long-term understanding of climate change — its causes and its solutions — is part of protecting the returns of the endowment.”, source: The Road Through Paris: Building a Low-Carbon Economy with Investing and Philanthropy, All Content © 2021 Privacy Policy & Terms of UseSitemap. The Oklahoma State University Foundation and The McKnight Center for the Performing Arts at Oklahoma State University, who collectively represent about $1 billion in assets, have agreed to become MEMCO’s first supported organizations. Investments 3. Incorporating a long-term understanding of climate change — its causes and its solutions — is part of protecting the returns of the endowment.” Minneapolis. Aligned investments are in harmony with the McKnight Foundation’s mission and values, and their financial performance is evaluated against the broader market. Details. How The McKnight Foundation removed coal from its $180 million fixed income portfolio and redirected investment dollars to help build more sustainable communities in Appalachia. ... About. Found insideThe McKnight Foundation, as we've discussed, is a leader among large foundations in impact investing, putting 10 percent of its endowment to work in this way. But the other 90 percent isn't simply invested to maximize returns without ... Roger currently serves on the boards of Convergent Capital, Huntington Bank, The Minneapolis Institute of Arts, and The McKnight Foundation. Found inside – Page 107These expanded opportunities are possible because of additional resources from the McKnight Foundation and the MN Department of Trade and Economic Development . Most recently the project will expand again due to a partnership with ... Greater Minneapolis-St. Paul Area. Knight supported this study to inform the larger discussion unfolding about diversity in the asset management industry. Investment Analyst at McKnight Foundation New York City Metropolitan Area 500+ connections. Found inside – Page 1895... Foundations Andrew W. Mellon Foundation Conn Memorial Foundation, Inc. Ford Family Foundation Hartford Foundation for Public Giving Hudson Webber Foundation The Jewish Healthcare Foundation of Pittsburgh The McKnight Foundation ... Found inside – Page 40Raising additional funds to expand services - An H1-B grant and a grant from the McKnight Foundation enabled the center to expand services for customers. The grants enabled the center to implement a training program in ... Found inside – Page 203McKnight Foundation 710 South Second Street Suite 400 Minneapolis, MN 55401 Tel. ... M/C Venture Partners is totally focused on investing in early-stage communications and related information technology companies. June 25, 2021 The Minneapolis-based McKnight Foundation has announced a hundred and eleven second-quarter grants totaling $20.7 million. The state of South Dakota committed $2 million to the project. Investment. I just hope we can back it up with action.”. Found inside – Page 52356-64, HPan American Health Organization (PAHO)H. 50 C. Nicklin, Regional Representative, Andean Community of Practice, Collaborative Crops Research Program, McKnight Foundation: pers. comm. August 2008. 51 R. Tripp with C. Longley, ... Artspace leverages its real estate development expertise to advance its mission to support artists. Most foundations are required by law to distribute 5 percent of the value of investment assets each year to charitable and administrative purposes. 1 McKnight Foundation, 2011 … See publication McKnight has ended four program areas: Education, Region & Communities, Mississippi River, and Southeast Asia. Investment Firm. Download McKnight’s Investment Policy Statement. We also work with other foundations and institutional investors informally and through more formal collaborations. Found inside – Page 205Graduate and postgraduate students have benefited from Agrigenetics'investment at several university laboratories ... For example , in 1982 , the McKnight Foundation of Minneapolis announced plans to spend $ 2 million a year for the ... Investment Analyst. We are an owner of assets deploying millions of dollars into public and private markets. Established in 1987 A history of generosity. Found inside – Page 199The foundation's early programmatic focus was on the MacArthur Fellows, support for public radio, investment in peace and ... mCKnight foundation The McKnight Foundation makes grants in support of regional economic and community ... Join to Connect McKnight Foundation. Found inside – Page 135-2employee benefit : plan not subject to the coverage of ERISA , the McKnight Foundation and the cities of Minneapolis / St. Paul ( using funds provided by an urban development action grant ( ŪDAG ) ) propose to make available , through ... Found inside – Page 3The $ 3.4 million McKnight Foundation program - related investment will be used to make Equity Participation Loans . The Foundation will be repaid in less than 10 years and will earn an interest rate of 5 percent to 7 percent . Summary of Knight Foundation Woman- and Minority-Owned Managers Investment Assistant. Guided by our impact investing policy, the impact investing program is led by program director Elizabeth McGeveran. MOLLY MILES/MCKNIGHT FOUNDATION Elizabeth McGeveran says $1 of every $3 McKnight invests goes to advancing its social goals. Found inside – Page 161Kellogg Foundation, the MacArthur Foundation, the Kresge Foundation, the McKnight Foundation, the Omydyar Network, and the Open Society Foundations.53 As the governmental welfare state produced poor outcomes with diminishing resources, ... Minnesota thrives when its artists thrive. Posted on July 28, 2021 by McKnight Foundation. McKnight Foundation. Found insideIn most areas in which the McKnight Foundation is active, support from Federal, State, County, and Local tax revenues far ... In that same year the foundation discovered program-related investments and revolving loan funds as additional ... Investment decisions are made by the Mission Investing Committee of the board of directors, which includes three members of the Investment Committee and one additional director. How We Invest - McKnight Foundation “Climate change has the potential to undermine the value of the McKnight endowment. Her first children's book is Pow Wow Summer (Minnesota Historical Society Press, 2014). Murder on the Red River is her debut novel. McKnight has since invested 10 percent of its endowment in businesses and funds that are building the low-carbon economy, improving the water quality of the Mississippi River, and contributing to a thriving, sustainable Minnesota. Disclaimer of Endorsement: The McKnight Foundation does not endorse or recommend any commercial products, processes, or service providers. Track . Found inside – Page 5216 California equity investments include a student dormitory and a family apartment building . ... a Housing and Urban Development - Urban Development Action Grant ( HUD - UDAG ) , a local bond issue , and a McKnight Foundation grant . Monday, August 8, 2016. When the McKnight Foundation presented its first-ever public diversity, equity, and inclusion (DEI) statement for board approval in late 2017, one board member wisely reflected, “These are beautiful words. Found inside – Page 134... and Catherine T. MacArthur Foundation , Metropolitan Life Foundation , John S. and James L. Knight Foundation , the Pew Charitable Trusts , Surdna Foundation , the Annie E. Casey Foundation , and the McKnight Foundation . investment ... Amy Jensen, the investment director at Northwest Area Foundation, discusses stringent foundation investment policies, “The traditional investing standards simply reinforce going with the herd, and absolutely keep investors from hiring women and people of color.” ... McKnight Foundation, Northwest Area Foundation and Surdna Foundation. • Form 990-PF (2015) THE MCKNIGHT FOUNDATION 41-0754835 Page 2 BalanceSheets Attached schedulesand amountsin the descnption Beginning ofyear End ofyear Part II column should beforend-of-yearamounts only (a) BookValue (b) BookValue (c) Fair MarketValue 1 Cash - non-interest-bearing - - 761,001. See how the McKnight Foundation highlights their impact investments with GMHF: GMHF’s Revolving Loan Fund: Initial investment of $5 million in GMHF’s revolving loan fund has led to $15.5 million in loans so far and created or preserved nearly 500 homes since 2009. hinge on demonstrating returns‐on‐investment, but on effecting systems change that can bring new community voices to the table. The research was commissioned by the John S. and James L. Knight Foundation, a private grantmaking foundation. Beginning in 2010, Knight Foundation embarked on an effort to diversify its endowment holdings and now invests $472 million with diverse-owned firms (representing 22.5 percent of endowment holdings). It is a practical framework that can be scaled up or down depending on financial and human resources, and it can assist experienced impact investors in flexing the muscle of their entire endowment. Cornell University. Found inside – Page 3In addition , a total of $ 11.5 million will be derived from the pension funds ( $ 1.8 million ) , the McKnight Foundation ( $ 5 million ) , and from HUD's Urban Development Action Grant ( UDAG ) program ( $ 4.7 million ) for creation ... Like a growing number of our peers, The McKnight Foundation identified a portion of our endowment for mission-supportive investing. Found inside – Page 490... MFIP impact and, 305t, 307, 308 Maryland Family Investment Program, 180–181 McKnight Foundation community partnerships, 347–348 McKnight Foundation community partnerships, effectiveness study, 348–349 employers' perceptions, 360, ... The McKnight Foundation, a Minnesota-based family foundation, seeks to advance a more just, creative, and abundant future where people and planet thrive. McKnight’s Strategic Framework calls us to optimize the Foundation’s resources to build and strengthen socially, economically, and environmentally sustainable communities. Found inside – Page 316Program-related investments (PRIs) are loans; they are investments made by private foundations to for-profit ventures ... The McKnight Foundation gave $5 million as a PRI to the Family Housing Fund to revitalize neighborhoods and expand ... Within just a year of their launch in 1986, the six foundations began changing the economic landscape of rural Minnesota, more than doubling charitable giving in outstate areas, an infusion fueled largely by The McKnight Foundation’s deep investment. Found inside – Page 575The McKnight Foundation ( 1 ) Provide $ 10 million for program - related investments at an average annual return of 12 percent with 7.25 pe ent of the return reverting to the Foundation ai 1.75 percent of the return ( $ 332,500 per year ) ... The McKnight Foundation grants over $85 million a year to support nonprofit organizations working toward socially, economically, and environmentally sustainable communities. Our impact investments must closely align with the goals of our two priority grantmaking areas: Midwest Climate & Energy and building equitable and inclusive communities in Minnesota. Operating Status Active; Lists Featuring This Company. We are a shareholder of corporations that votes company proxies and raises questions about ESG practices, strategy, and risk management. Found inside – Page 26The Philanthropy As One Big Impact Investment: A Framework For Evaluating A Foundation's Blended Performance. The Foundation Review, 9(2), 13. ... Partnering for Impact: Developing The McKnight Foundation's Carbon Efficiency Strategy. Found inside – Page 14... Robert R. Taylor Network Product Designer Lotus Development Corporation Cambridge , MA MICHAEL O'KEEFE Executive Vice President The McKnight Foundation Minneapolis , MN LARRY JACOBSON Director of Investments Joint Industry Board of ... Found insidethe Center's focus on training students (Scripps Howard Foundation); • the fact CPI is “a center of excellence in journalism” ... and collaborations allow it to increase the impact of the foundation's investment (Rita Allen Foundation). Found inside – Page 14When Ewald in 1985 discussed his intention to make the program independent, the scientists did not jump at the chance to “own” the program but said they would prefer it to remain within The McKnight Foundation. The McKnight Foundation. Jai Winston, an experienced strategic planning and development professional, will join the John S. and James L. Knight Foundation as the St. Paul program director. In some cases we have near-market financial expectations for them and others are structured with charitable expectations (also referred to as Program-Related Investments or PRIs). At this stage, we are making investments in the United States only. Starting in 2010, Knight Foundation embarked on an effort to diversify its endowment holdings. The McKnight Foundation. With this 21st-century investing approach, we amplify our philanthropic impact and steward our endowment. During her presidency the organization gave away some $235 million, and its … We believe McKnight's four-point framework can help any investor contribute to a truly resilient economy. Impact investing is a powerful tool to work toward this goal. “Climate change has the potential to undermine the value of the McKnight endowment. Found inside – Page 7Heron Foundation was committing $280m, The Kresge Foundation $350m, McKnight Foundation $460m, MacArthur Foundation $500m and the Ford Foundation even $1bn. Impact investing is part of the professionalization of the philanthropy sector. McKnight Foundation Investment Policy, Frequently Asked Questions In 2014, the McKnight Foundation committed to investing $200 million (10% of its $2 billion endowment) in strategies that align with their mission of fostering a vibrant culture and a healthy environment, from their home base in Minnesota. Imprint Capital, a division of Goldman Sachs Asset Management, is our primary service provider, advising the Foundation and conducting due diligence on public and private funds, direct investments, and some program-related investments (PRIs). The current board consists of 11 members. 219,031. Rick Scott, vice president of finance and compliance at The McKnight Foundation, said, “Three years ago, we made a fundamental decision to change our investment approach with the goal of investing 10 percent of the endowment, or $200 million, in a range of assets that reduce carbon emissions and promote sustainable growth. Working together, with leadership from the Minnesota Council on Foundations (MCF), we have launched a $20 million impact investing collaborative to benefit affordable housing and small businesses in our state. Found inside – Page 184During this time the McKnight Foundation was becoming one of the largest foundations in the country . A Minnesota - based organization ... type of philanthropy : a program - related investment in Saint Paul's development activities . Beginning in 2010, Knight Foundation embarked on an effort to diversify its endowment holdings and now invests $472 million with diverse-owned firms (representing 22.5 percent of endowment holdings). To date, the McKnight Foundation has delivered more than $270 million in financial support to Greater Minnesota via the Minnesota Initiative Foundations, an investment that has proven to be one of the most durable in Minnesota’s rural areas. Found inside – Page 134The funds are to be used over a 3 - year period that started on July 1 , 1994 . corporations and foundations to ... Surdna Foundation , the Annie E. Casey Foundation , and the McKnight Foundation . investment through the National ... Beginning in 2010, Knight Foundation embarked on an effort to diversify the management of its endowment holdings, and as of June 30, 2018, had invested $830 million with diverse-owned firms (representing 36 percent of endowment holdings). Jai Winston to Lead Knight Foundation Investments in St. Paul. McKnight has ended four program areas: Education, Region & Communities, Mississippi River, and Southeast Asia. The McKnight Foundation, a Minnesota-based family foundation, seeks to advance a more just, creative, and abundant future where people and planet thrive. 219,031. High impact investments deliver a higher level of impact in McKnight’s priority areas for environmental and social change. In fact, with $18.6 billion in foundation assets, Minnesota is a powerhouse on the national impact investing scene. McKnight’s Strategic Framework calls us to optimize the Foundation’s resources to build and strengthen socially, economically, and environmentally sustainable communities. Virginia served as president of the Foundation from 1974 to 1987. Found inside – Page 320Our sixteen year history of private - public investments in urban communities shows the large scale impact that results from ... The Kresge Foundation , John D. and Catherine T. MacArthur Foundation , The McKnight Foundation , MetLife ... Below, read more research, insights and news on diversity in asset management. Found inside – Page 107These expanded opportunities are possible because of additional resources from the McKnight Foundation and the MN Department of Trade and Economic Development . Most recently the project will expand again due to a partnership with ... Impact Investments (Cordes Foundation, 2017) Responsible Investments (EFA, 2017) ESG Investment Guidelines (Merck Family Fund, 2017) ESG Guidelines (Mary Reynolds Babcock Fdn, 2017) Investment Policy Statement with Focus on Impact Investing (McKnight Foundation, 2015) Mission Investments at the Packard Foundation (Packard Fdn, 2015) Please note: Due to Covid-19, our staff is working remotely and can be reached via email. As of December 31, 2020, the foundation had invested $931 million with firms that are substantially- or majority-owned by women or minorities, representing 37 percent of its endowment. Our foundation makes grants to organizations that are helping lead the national transition to a low carbon economy. The McKnight Foundation announced that it is joining the Ford Foundation in an unprecedented $156 million initiative to recognize “America’s Cultural Treasures,” including at least $10 million in new funding, over the next five years, to support Minnesota arts organizations led by and for Black, Indigenous, and people of color (BIPOC). Learn more about The McKnight Foundation . Found inside – Page 60Skoll Foundation (1999), Gordon and Betty Moore Foundation (2000), Children's Investment Fund Foundation ... Packard Foundation, the Grantham Foundation, the MacArthur Foundation, the Lakeshore Foundation, the McKnight Foundation, ... Found inside – Page 1272Developed by the BankAmerica Foundation , this public - private partnership of thirty - three organizations funds community ... One of the more interesting child care enhancement efforts has been undertaken by 3M's McKnight Foundation ... McKnight’s big: It has an endowment of about $2.1 billion, placing it among the top 50 foundations ranked by assets. Found insideIn the Lowertown Lofts project , a program - related investment of the McKnight Foundation was channelled into the ... Program - Related Investments ( PRIs ) are loans , loan guarantees and equity investments made by foundations at ... Oct 2014 - Present6 years 10 months. $2.5 million; originated in 2019. Staryk succeeds Robert J. Struyk, elected in 2009, who completed his three-year term at the close of 2011. Provided support, analysis, and research for … Overview. We are a consumer of financial products and services that can promote integrated thinking on environmental, social, and corporate governance (ESG) issues among the asset managers we hire. McKnight has ended four program areas: Education, Region & Communities, Mississippi River, and Southeast Asia. We offer detailed information about the rationale, performance, and lessons learned from specific impact investments. In some cases we have near-market financial expectations for them and others are structured with charitable expectations (also referred to as Program-Related Investments or PRIs). $2 million 10-year loan at 0.75%; originated in 2020. And we are finding other exciting opportunities to leverage our $2.3 billion endowment with our mission. We aim to generate a triple bottom line of financial returns, environmental and social impact, and deep learning. We will invest at least $200 million in investments with higher positive impacts. Aim to generate a triple bottom line of financial returns, environmental social... Foundation from 1974 to 1987 July 28, 2021 by McKnight Foundation to support artists socially. 11.2B Total Funding Amount • 107 Number of Investors Privacy policy & Terms of UseSitemap Alternative! 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