McKnight Foundation refocusing strategies - Minneapolis / St. Paul Business Journal:

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To help pay for the new effort, the Minneapolis-baseds foundation plans to phase out funding in comin years for programs involvingfatherhood development, parentingy skills building, and family economic success. McKnighrt spokesman Tim Hanrahan saidthe foundation’s boar is still working out the details of the strategyh change, which will go into effecgt next year. He declined to disclose the names of the dozen of organizations that stand tolose funding.
McKnighy has already been heavily invested supporting programsw related to children and Out ofthe $99 million McKnightt granted in 2008, $23 million went to suppory children and families, includinv about $7 million to support early childhood The new literacy initiative is considered an extension of such “This opportunity builds on McKnight’s current early childhood efforts, movinv further up the pipeline into importanty transitions from kindergarten through thirdd grade,” Kate Wolford, the foundation’s said in a news release.
McKnight retainesd consulting firm The Bridgespan Group to support its strategy A key finding was that the academic success of a as defined by highschool graduation, can be predicte d with reasonable accuracy by knowing a student’xs reading skill by the end of third “Better preparing our youngest to read and write at gradw level will help put them and keep them on track for graduationh and beyond,” said Robert McKnight’s board chair.
McKnight plans to releasre new grantmaking guidelines laterthis