McKnight Foundation
The McKnight Foundation was established in Minneapolis in 1953 by William L. McKnight and his wife, Maude L. McKnight. One of the early leaders of 3M, William L. McKnight rose from assistant bookkeeper to president and CEO in a career that spanned 59 years, from 1907 to 1966. The McKnight Foundation, however, is an independent private philanthropic organization; it is not affiliated with the 3M Company.
In 1974, shortly after his wife's death, William L. McKnight asked their only child, Virginia McKnight Binger, to lead the Foundation. Working with Russell Ewald as executive director, Mrs. Binger established the formal grantmaking program and community-based approach that remain the Foundation's legacy today. In 2009, Robert J. Struyk was elected chair of the board of directors, succeeding Erika L. Binger and becoming the Foundation's fifth chair since it was established in 1953.
Read more about this topic: William L. Mc Knight
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