McKnight Approves $15 Million in 2nd Quarter 2016 Grantmaking

Thursday, June 30, 2016

The McKnight Foundation awarded 70 grants totaling $15,153,000 to 66 organizations in its second-quarter 2016 grantmaking. (The following includes a partial list of grants approved this quarter. Information about the full slate of quarterly grants is also available.)

Of the $15 million total approved, $500,000 went to four McKnight grantees working to dramatically increase the percentage of successful 3rd-grade readers, the focus of our early literacy grantmaking.

The Amherst H. Wilder Foundation (Saint Paul) received a two-year grant of $150,000 to support the Saint Paul Promise Neighborhood initiative, using education as a tool to create pathways of opportunities for young children and their families; MAP for Nonprofits (Minneapolis) received a one-year grant of $50,000 to support the Coalition of Asian American Leaders, an organization whose advocacy work focuses on support for dual language learners and increased educator diversity; MinnCAN(Minneapolis) received a two-year grant of $200,000 to further its efforts to close opportunity gaps in PreK-12 education; and the National Academy of Sciences(Washington, DC) received a one-year grant of $100,000 to support Minnesota’s participation in a cohort of states developing comprehensive plans to improve the PreK-3rd grade workforce.

"Third-grade literacy is a key front in the larger push toward racial, social, cultural, and economic equity," says Meghan Binger Brown, McKnight's board chair. "McKnight is proud to support organizations like these, working on behalf of students and teachers to create opportunity for all.”

In news from our Impact Investing program, McKnight invested $25 million into Stewart Investors’ worldwide sustainability strategy, which manages a portfolio of high quality, publicly traded companies that are involved in sustainable goods and services, responsible finance, and necessary infrastructure. The Foundation also closed a $7.5 million investment into New Energy Capital’s Infrastructure Credit Fund, which lends to renewable energy projects.

ABOUT THE McKNIGHT FOUNDATION

The McKnight Foundation seeks to improve the quality of life for present and future generations. We use all our resources to attend, unite, and empower those we serve. Founded in 1953 and independently endowed by William and Maude McKnight, the Minnesota-based family foundation had assets of approximately $2.2 billion and granted about $86 million in 2015. Learn more at mcknight.org, and follow us onFacebook and Twitter.