Circle of Transparency: Knight Diversity of Asset Managers Research Series – Knight Foundation
A multicolored graphic featuring cyna, magenta, yellow, and green - a reference to the CMYK color model used in newspaper printing.
Learning and Impact

Circle of Transparency: Knight Diversity of Asset Managers Research Series

Our philanthropy and higher education research relies on participation from charitable foundations and colleges and universities. We honor the participating institutions as members of the Circle of Transparency.


We thank all 35 foundations for their participation in the 2022 philanthropy study.

The 21 fully transparent participants providing manager rosters are (ordered by total assets):

The Robert Wood Johnson Foundation
Silicon Valley Community Foundation
W.K. Kellogg Foundation
John D. and Catherine T. MacArthurFoundation
The Andrew W. Mellon Foundation
Walton Family Foundation
The Rockefeller Foundation
The JPB Foundation
The Duke Endowment
The Kresge Foundation
Robert W. Woodruff Foundation
Chicago Community Trust
The California Endowment
John Templeton Foundation
The New York Community Trust
The Harry and Jeanette Weinberg Foundation Inc.
Colorado Health Foundation
Ewing Marion Kauffman Foundation
McKnight Foundation
Casey Family Programs
John S. and James L. Knight Foundation

The 8 passive participants providing manager rosters in their IRS Form 990/990-PFs:

Bill & Melinda Gates Foundation
The Leona M. and Harry B. Helmsley Charitable Trust
Tulsa Community Foundation/George Kaiser Family Foundation
The Carl Victor Page Memorial Foundation
Carnegie Corporation of New York
Good Ventures Foundation
Richard King Mellon Foundation
The Wyss Foundation

The 6 self-reporting participants:

Anne Ray Foundation
Conrad N. Hilton Foundation
Charles Stewart Mott Foundation
Margaret A. Cargill Foundation
The Annie E. Casey Foundation
The James Irvine Foundation

Higher Education

We applaud the 26 of 50 colleges and universities that participated in the 2023 higher education study.

The 18 full participants providing investment management data for independent analysis (ordered by total assets):

Princeton University
Columbia University
Duke University
University of Chicago
Vanderbilt University
Rice University
University of Texas System
University of California System
University of Michigan
University of Washington
University of Minnesota
Michigan State University
University of Illinois
University of Iowa
University of Missouri System
University of Nebraska
University of Colorado
Rutgers University

The 8 schools that provided summary statistics from their own internal analysis:
Harvard University
Stanford University
University of Pennsylvania
Northwestern University
Dartmouth College
University of Southern California
The Ohio State University
Virginia Commonwealth University