Executive compensation
Form 990-PF · Part VIII · 17 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations nationwide.
| Position | Total |
|---|---|
Director, President Board President Above 90th percentilevs Philanthropy, Voluntarism & Grantmaking peers in Minnesota | $740k $789k |
Secretary, VP of Fin & Ops Board Vice President Above 90th percentile | $394k $420k |
Assistant Secretary Board Secretary Above 90th percentile | $124k $132k |
Director, Board Chair Board Chair Median to 75th percentile | $35k $37k |
Director Unclassified | $31k $33k |
Director Unclassified | $25k $27k |
Director, Treasurer Unclassified | $25k $27k |
Director Unclassified | $25k $27k |
Director Unclassified | $25k $27k |
Director, Board Vice Chair Board Chair 25th percentile to median | $25k $27k |
Director Unclassified | $25k $27k |
Director Unclassified | $25k $27k |
Director Unclassified | $25k $27k |
Director Unclassified | $25k $27k |
Investment Committee Unclassified | $10k $11k |
Investment Committee Unclassified | $10k $11k |
Investment Committee Unclassified | $10k $11k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Browse compensation in Philanthropy, Voluntarism & Grantmaking →
Top pay as a share of expenses
In 2024, the highest total compensation at The McKnight Foundation equaled 0.4% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.
Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.
Grants paid
Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.
Total granted
$145.9M
Itemized grants
790
Median grant
$100k
| Recipient | Location | Purpose | Amount |
|---|---|---|---|
| Minneapolis Foundation | Minneapolis, MN | for the GroundBreak Coalition special purpose fund | $10M |
| United States Energy Foundation | San Francisco, CA | to equitably decarbonize the Midwest by supporting powerful and inclusive coalitions with the ability to transform markets and the economy through state action in seven states | $9.6M |
| Minneapolis Foundation | Minneapolis, MN | for the GroundBreak Coalition special purpose fund | $5M |
| Minnesota Home Ownership Center | Saint Paul, MN | to bridge capacity needs and scale the deployment capacity of GroundBreak Coalition supported down payment assistance products | $2.2M |
| Climate and Clean Energy Equity Fund | Washington DC, DC | for general operating support | $2M |
| Rewiring America Inc | Washington, DC | to advance equitable electrification in the Midwest through place-based demonstration projects and policy development | $2M |
| The McKnight Endowment Fund for Neuroscience | Minneapolis, MN | for award programs supporting research in neuroscience | $2M |
| Community Foundation of Jackson Hole | Jackson, WY | for family-directed giving | $1.9M |
| Greater Minnesota Housing Fund | St Paul, MN | for general operating support | $1.8M |
| Brick By Brick Training & Development Corporation | Minneapolis, MN | to purchase a 400+ single family rental portfolio of properties and equitably reposition them for homeownership | $1.5M |
| Brick By Brick Training & Development Corporation | Minneapolis, MN | to purchase a 400+ single family rental portfolio of properties and equitably reposition them for homeownership | $1.5M |
| Region Nine Development Commission | Mankato, MN | to provide technical assistance to cities, counties, and towns in Greater Minnesota applying for federal and state funding and deploying climate and clean energy projects | $1.5M |
| The McKnight Endowment Fund for Neuroscience | Minneapolis, MN | for award programs supporting research in neuroscience | $1.5M |
| Youthprise | Minneapolis, MN | for general operating support | $1.5M |
| Local Initiatives Support Corporation | New York, NY | to support the operations of LISC Twin Cities | $1.3M |
| Fresh Energy | St Paul, MN | to move Minnesota and the Midwest toward dramatic near-term reductions in carbon pollution through equity-centered policy work, partnerships, and innovation | $1.2M |
| Family Housing Fund | Minneapolis, MN | for general operating support | $1.1M |
| Innovia Foundation | Spokane, WA | for family-directed giving | $1.1M |
| National Philanthropic Trust | Jenkintown, PA | for family-directed giving | $1.1M |
| Park City Community Foundation | Park City, UT | for family-directed giving | $1.1M |
| Family Housing Fund | Minneapolis, MN | to support the stabilization of affordable rental housing properties and providers | $1M |
| Global Philanthropy Partnership | Chicago, IL | to transform the transportation sector while centering equity, climate, and people | $1M |
| Windward Fund | Washington, DC | For program support | $1M |
| Pillsbury United Communities | Minneapolis, MN | to complete Phase 1 of the Pillsbury Creative Commons (PCC) campus redevelopment project | $750k |
| Pangea World Theater | Minneapolis, MN | for capital campaign support to purchase land and a building for the future home of Pangea World Theater | $700k |
Fell 5%
over 3 years
From $782k in 2021 to $740k in 2024.
Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Board President pay fell 5% from 2021 to 2024, while revenue fell 48%.
- Board Vice President pay rose 30% from 2021 to 2024.
- Board Secretary pay rose 46% from 2021 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2021 and 2024.
This is a private foundation. Peers are foundations of similar asset size ($1B+), because foundation pay scales with assets under management, not revenue.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about The McKnight Foundation
What does the Board President of The McKnight Foundation earn?
In 2024, the Board President of The McKnight Foundation received $739,674 in total compensation. This pay is in the top 10% for Board President roles among Philanthropy, Voluntarism & Grantmaking organizations in Minnesota: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Board President pay at The McKnight Foundation compare with similar nonprofits?
Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Minnesota, the 2024 pay of the Board President at The McKnight Foundation falls in the top 10%. In 2024, the highest total compensation at The McKnight Foundation equaled 0.4% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.
What are The McKnight Foundation's revenue and expenses?
In 2024, The McKnight Foundation reported $189.4M in total revenue and $209.4M in total expenses on its IRS Form 990.
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This is a private foundation. Peers are foundations of similar asset size ($1B+), because foundation pay scales with assets under management, not revenue.
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