{"id":279,"date":"2017-09-28T20:38:57","date_gmt":"2017-09-28T20:38:57","guid":{"rendered":"https:\/\/www.mcknight.org\/asset-owner\/"},"modified":"2020-07-08T14:20:49","modified_gmt":"2020-07-08T19:20:49","slug":"asset-owner","status":"publish","type":"page","link":"https:\/\/www.mcknight.org\/en_ca\/impact-investing\/how-we-invest\/asset-owner\/","title":{"rendered":"Asset Owner"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><section class=\"vc_section vc_custom_1515009826893\"><div class=\"vc_row wpb_row vc_row-fluid reveal\"><div class=\"wpb_column vc_column_container vc_col-sm-8 vc_col-sm-offset-2\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p><img decoding=\"async\" class=\"size-full wp-image-18273 alignleft\" src=\"https:\/\/www.mcknight.org\/wp-content\/uploads\/asset-owner-icon.svg\" alt=\"\" \/>With a $2.3 billion endowment, the McKnight Foundation has the opportunity to align its money with its mission. Using a prudent approach to risk and return, the Foundation seeks investment opportunities that reflect new economic, environmental, and social realities for almost 10% of its portfolio ($200 million). As we learn more, we are finding exciting opportunities to align portions of our traditional portfolio with our mission as well \u2014 in other words, we are surpassing the 10% commitment.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><div class=\"vc_row wpb_row vc_row-fluid vc_custom_1515010758204\"><div class=\"wpb_column vc_column_container vc_col-sm-12 vc_col-md-offset-2 vc_col-md-8\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element vc_custom_1515010918403\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<h5 style=\"text-align: left;\">Our Portfolio Includes:<\/h5>\n\n\t\t<\/div>\n\t<\/div>\n<div class=\"vc_row wpb_row vc_inner vc_row-fluid vc_custom_1515010894862\"><div class=\"wpb_column vc_column_container vc_col-sm-5\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"rrj-chart rrj-pie-chart\">\n\t<div class=\"vc_custom_1518198391719\">\n    \n\t\t\t\t\n        <div class=\"chart-data notranslate\" data-no-translation data-id=\"6SoYwndZ\">{\"type\":\"pie\",\"data\":{\"labels\":[\"Program Related Invstments\",\"Private Market\"],\"datasets\":[{\"backgroundColor\":[\"rgba(103,33,70,0.9)\",\"rgba(13,82,87,0.9)\"],\"hoverBackgroundColor\":[\"#672146\",\"#0d5257\"],\"data\":[50,75],\"borderWidth\":0}]},\"options\":{\"animation\":{\"duration\":2000},\"maintainAspectRatio\":true,\"cutoutPercentage\":80,\"circumference\":6.28318530717958623199592693708837032318115234375,\"legend\":{\"display\":true,\"position\":\"bottom\",\"labels\":{\"usePointStyle\":false,\"padding\":20,\"boxWidth\":12,\"fontSize\":12,\"fontColor\":\"#3a3a3a\"}},\"tooltips\":{\"enabled\":true,\"bodySpacing\":8,\"titleSpacing\":6,\"cornerRadius\":8,\"xPadding\":10},\"noTsep\":false}}<\/div>\n\t\t<div class=\"tooltips-data\">[\"Program Related Invstments: {y}\",\"Private Market: {y}\"]<\/div>\n\t\t\t\t\t\t\n        <canvas style=\"width:4px;height:3px;\"><\/canvas>\n\t\t<div class=\"rrj-preload-wrap\" style=\"position:relative;text-align:center;padding-bottom:75%;width:100%;height:0;\"><div class=\"rrj-preloader-inner\" style=\"padding-top:calc( 37.5% - 52px\"><img decoding=\"async\" alt=\"\" src=\"https:\/\/www.mcknight.org\/wp-content\/plugins\/rrj-advanced-charts\/assets\/images\/loading.gif\" \/><\/div><\/div>\t\t\n                \n\t<\/div>\n<\/div>\n<\/div><\/div><\/div><div class=\"wpb_column vc_column_container vc_col-sm-7\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<h3>High Impact Investments:<\/h3>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<ul>\n<li>$75 MILLION in private market high-impact investments. These may include funds or direct private debt and equity deals. We expect a minimum financial return of 6%.<\/li>\n<li>$50 MILLION in program-related investments (PRIs), a common foundation tool for making non-commercial investments with higher impact. McKnight often structures its PRIs as long-term, low-interest loans at 1-3%.<\/li>\n<\/ul>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><div class=\"vc_row wpb_row vc_inner vc_row-fluid\"><div class=\"wpb_column vc_column_container vc_col-sm-5\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"rrj-chart rrj-pie-chart\">\n\t<div class=\"vc_custom_1519171475437\">\n    \n\t\t\t\t\n        <div class=\"chart-data notranslate\" data-no-translation data-id=\"Ov6hw4qy\">{\"type\":\"pie\",\"data\":{\"labels\":[\"Public Market Funds\",\"Carbon Efficiency Strategy\",\"Bond Portfolio\",\"Defensive Equity Strategy\"],\"datasets\":[{\"backgroundColor\":[\"rgba(103,33,70,0.9)\",\"rgba(13,82,87,0.9)\",\"rgba(220,88,42,0.9)\",\"rgba(117,152,188,0.9)\"],\"hoverBackgroundColor\":[\"#672146\",\"#0d5257\",\"#dc582a\",\"#7598bc\"],\"data\":[245,100,190,60],\"borderWidth\":0}]},\"options\":{\"animation\":{\"duration\":2000},\"maintainAspectRatio\":true,\"cutoutPercentage\":80,\"circumference\":6.28318530717958623199592693708837032318115234375,\"legend\":{\"display\":true,\"position\":\"bottom\",\"labels\":{\"usePointStyle\":true,\"padding\":20,\"boxWidth\":12,\"fontSize\":12,\"fontColor\":\"#3a3a3a\"}},\"tooltips\":{\"enabled\":true,\"bodySpacing\":8,\"titleSpacing\":6,\"cornerRadius\":8,\"xPadding\":10},\"noTsep\":false}}<\/div>\n\t\t<div class=\"tooltips-data\">[\"Public Market Funds: {y}\",\"Carbon Efficiency Strategy: {y}\",\"Bond Portfolio: {y}\",\"Defensive Equity Strategy: {y}\"]<\/div>\n\t\t\t\t\t\t\n        <canvas style=\"width:20px;height:19px;\"><\/canvas>\n\t\t<div class=\"rrj-preload-wrap\" style=\"position:relative;text-align:center;padding-bottom:95%;width:100%;height:0;\"><div class=\"rrj-preloader-inner\" style=\"padding-top:calc( 47.5% - 52px\"><img decoding=\"async\" alt=\"\" src=\"https:\/\/www.mcknight.org\/wp-content\/plugins\/rrj-advanced-charts\/assets\/images\/loading.gif\" \/><\/div><\/div>\t\t\n                \n\t<\/div>\n<\/div>\n<\/div><\/div><\/div><div class=\"wpb_column vc_column_container vc_col-sm-7\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<h3>Aligned Investments:<\/h3>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<ul>\n<li><span style=\"font-weight: 400;\">$245 MILLION in public market funds \u00a0measured against traditional investment benchmarks such as the S&amp;P 500 or the MSCI World. These funds have strong processes to identify social, environmental and governance (ESG) risks or see sustainability as an organizing imperative of the <a href=\"\/en_ca\/news-ideas\/sustainability-focus-extraordinary-performance\/\">new global economy<\/a>.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">$100 MILLION seed investment in the <\/span><a href=\"https:\/\/www.mcknight.org\/en_ca\/impact-investing\/mellon-capital\/\"><span style=\"font-weight: 400;\">Carbon Efficiency Strategy<\/span><\/a><span style=\"font-weight: 400;\">, reducing our exposure to businesses that produce carbon pollution inefficiently. It is benchmarked against the Russell 3000.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">$190 MILLION <\/span><a href=\"http:\/\/blog.mcknight.org\/2016\/02\/scrubbing-coal-supporting-communities\/\"><span style=\"font-weight: 400;\">bond portfolio<\/span><\/a><span style=\"font-weight: 400;\"> with no exposure to coal companies or corporate issuers that own underground coal reserves.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">$60 MILLION in lower-cost <a href=\"\/en_ca\/impact-investment\/parametric\/\">defensive equity strategy<\/a> that includes minimal standards of ESG practices for publicly traded company holdings <\/span><\/li>\n<\/ul>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section>\n<\/div>","protected":false},"excerpt":{"rendered":"With a $2.3 billion endowment, the McKnight Foundation has the opportunity to align its money with its mission. Using a prudent approach to risk and return, the Foundation seeks investment opportunities that reflect new economic, environmental, and social realities for almost 10% of its portfolio ($200 million). As we learn more, we are finding exciting &hellip;","protected":false},"author":1,"featured_media":0,"parent":278,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"template-narrow-page.php","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-279","page","type-page","status-publish"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v26.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Asset Owner - McKnight Foundation<\/title>\n<meta name=\"description\" content=\"We deploys hundreds of millions of dollars into investments that align the porfolio with the Foundation\u2019s mission.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Asset Owner\" \/>\n<meta property=\"og:description\" content=\"We deploys hundreds of millions of dollars into investments that align the porfolio with the Foundation\u2019s mission.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.mcknight.org\/en_ca\/impact-investing\/how-we-invest\/asset-owner\/\" \/>\n<meta property=\"og:site_name\" content=\"McKnight Foundation\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/McKnightFdn\" \/>\n<meta property=\"article:modified_time\" content=\"2020-07-08T19:20:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.mcknight.org\/wp-content\/uploads\/asset-owner-icon.svg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@McKnightfdn\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.mcknight.org\/impact-investing\/how-we-invest\/asset-owner\/\",\"url\":\"https:\/\/www.mcknight.org\/impact-investing\/how-we-invest\/asset-owner\/\",\"name\":\"Asset Owner - 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