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by Randy CassinghamRandy Cassingham's Honorary Unsubscribe Recognizes the Unknown, the Forgotten and the Obscure People who Had an Impact on Our Lives
Virginia McKnight Binger
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Not interested in merely being an heiress of a fortune from her father, William L. McKnight (who earned it from 3M -- the Minnesota Mining and Manufacturing Co.), Binger was the head of the family's charitable foundation. When she took it over in 1974, its assets were $8 million. When she retired just 14 years later, she had built its assets to almost $800 million, while at the same time it gave grants worth $235 million, mostly for scientific research, the arts and low-income housing projects in Minnesota. The McKnight Foundation is now the 24th-largest charitable foundation in the United States. Binger died December 22 at her home in Minnesota. She was 86.
From This is True for 22 December 2002
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