As McKnight’s director of investments since 2019, Elizabeth McGeveran oversees the team that manages the Foundation’s $2.5 billion endowment. With her leadership and vision, the Foundation committed to achieving net zero greenhouse gas emissions across its entire portfolio by or before 2050—the nation’s first of the 50 largest private foundations to do so. McGeveran designed a market-rate solutions-oriented portfolio that aligns with the Foundation’s mission, advancing climate solutions, and equitable communities and economies. Across the entire endowment, one of every three invested dollars is mission-aligned.
McGeveran first joined McKnight in 2014 to lead its impact investing program. She helped pave the way for the Foundation as a leading impact investor, identifying investment opportunities that are building the world we want to live in. As an investment leader since 1999, McGeveran with others was an early actor in developing environmental social and governance (ESG) approaches across the industry. As senior vice president for governance and sustainable investment at F&C Asset Management, a London-based commercial asset manager (now BMO Global Asset Management), she built this firm’s market-leading socially responsible investment team.
McGeveran is an independent trustee of funds at Boston Trust Walden, a longtime leader in incorporating ESG into its investment approach. She an original member of the U.S. Advisory Committee for the FTSE4Good indexes, and currently volunteers on the investment committee at the University of St. Thomas in her hometown of St. Paul. McGeveran grew up outside Boston and graduated from Carleton College in Minnesota.