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Foundation

McKnight Foundation

endowment/investment assets2 — Minneapolis.

Overview

The McKnight Foundation is a Minnesota-based family foundation advancing a more just, creative, and abundant future where people and planet thrive. It was established by William and Maude McKnight in 1953.1

McKnight Foundation's investment pool supports the organization's philanthropic mission and grantmaking capacity.2

Investment program

Estimated AUM
$2.7B as of Dec 31, 20243
Capital pool
endowment/investment assets2
Investment model
McKnight uses an in-house investment team and external service providers. Its investment materials identify Cambridge Associates as the primary endowment adviser, while the Foundation has built an internal investment team and conducts in-house diligence and investment operations.4
Investment approach
READ MORE Investing in People and Prosperity in Minnesota As the long-term impacts of Operation Metro Surge begin to emerge—from housing and education to jobs and the local economy—our communities need partners who are willing to stay, invest, and help rebuild the stability that every family deserves.2
Spending support
Not listed yet
Spending policy
Not listed yet
Asset allocation
Public evidence references these asset classes or allocation areas: venture capital, infrastructure.2
Performance
Not listed yet
Governance
McKnight is governed by a board of up to 12 family and community directors. The Board has an Investment Committee responsible for investment and fiduciary matters, impact investing, mission-related investments, and program-related investments.5
Investment team
The current staff page lists Josh Rosamond as Investment Operations Manager and Marcq Sung as Senior Program Officer and PRI Portfolio Manager. A June 2026 announcement states that former Vice President of Investments Elizabeth McGeveran built the in-house investment team and stepped down from that role in June.6
Unfunded commitments
Not listed yet
Source freshness
Last verified Jul 21, 2026 · Needs review

Sources

Last verified Jul 21, 2026 from public career and organization materials.

Fact notes

  1. Website (mcknight.org)Parent organization overview · checked Aug 6, 2026
  2. Website (mcknight.org)Pool purpose, Capital pool, Investment approach, Asset allocation · checked Jul 25, 2026
  3. Financial statements (mcknight.org)Estimated AUM · checked Jul 25, 2026
  4. Website (mcknight.org)Investment model · checked Aug 6, 2026
  5. Website (mcknight.org)Governance · checked Aug 6, 2026
  6. Website (mcknight.org)Investment team · checked Aug 6, 2026
  7. Website (mcknight.org)Investment office page · checked Jul 25, 2026

Reports and filings

Profile and job sources

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