I wrote a series of articles aimed at spreading positive news.
These articles look at people who are doing all they can to help their community. Today I want to look at an organization that has helped countless people in Minneapolis and throughout Minnesota for nearly 70 years.
It’s time to watch the Minneapolis foundation give away millions.
The McKnight Foundation
William L. McKnight joined the Minnesota Mining and Manufacturing Co (3M) as an assistant accountant in 1907. He spent his entire career with the company, becoming president in 1929 and chairman of the board in 1949, a post qu he held for 17 years.
And though his business career was crowned with success, his legacy lives on through the McKnight Foundation, which he established in Minneapolis in 1953. Today, the Foundation has more than $3 billion in assets and grants $100 millions of dollars to various organizations each year.
Help the inhabitants
The McKnight Foundation has primarily focused on grassroots initiatives. Its website says the foundation “advances climate solutions in the Midwest; builds an equitable and inclusive Minnesota; and supports the arts, international research on cultures and neuroscience”.
One thing the foundation offers is transparency. Anyone can visit the website and see their financial statements and all the grants they have awarded.
For example, I found that 38% of its grants go to organizations in Minneapolis, which is a pretty large proportion.
Some of the recent major donations listed include:
- $925,000 to the Center for Energy and Environment in Minneapolis “to champion, evolve, and expand Minnesota’s energy efficiency policies and accelerate the establishment of a fair and equitable decarbonized grid in Minnesota and the Midwest.”
- $2.4 million to Conservation Minnesota
- In honor of the memory of George Floyd, $100,000 in grants to 10 organizations that make Minnesota a more welcoming, supportive and inclusive place.
The foundation also recognizes others who contribute to communities in Minneapolis and Minnesota. Each year, the McKnight Foundation and the Minnesota Council of Nonprofits honor four Minnesotans who give selflessly to their communities.
Readers, what do you think of the work done by the McKnight Foundation and the legacy left by William McKnight? What organizations in Minneapolis would you like them to support?
Please leave your comments below.