Star Tribune
MacKenzie Scott gives $9 million to Duluth business nonprofit
DULUTH — Philanthropist MacKenzie Scott has given an unexpected and no-strings-attached $9 million to a Duluth nonprofit that helps entrepreneurs grow.
The EFund was chosen through Yield Giving’s “quiet research” process, in which it chooses and evaluates organizations privately for unsolicited gifts. EFund is only the second known northeast Minnesota organization to benefit from the billions Scott, an author and the ex-wife of Amazon CEO Jeff Bezos, has given since 2020 as part of her pledge to donate a majority of her wealth over her lifetime. The Duluth Area YMCA in 2020 received an undisclosed amount. About $140 million in donations have now been designated to Minnesota organizations.
“It still feels surreal,” EFund CEO Shawn Wellnitz said. “And with no restrictions, it’s just transformational,” especially as pandemic aid dries up for businesses and creditors are more cautious about lending money.
Unrestricted gifts are considered rare in the philanthropy world.
The EFund nonprofit, formed in 1989, manages a portfolio of about $60 million, lending money and offering services to entrepreneurs in northeast and east-central Minnesota, and northern Wisconsin. The Seattle billionaire’s gift is its largest ever. The recognition and confidence that comes with a Scott donation can help the organization leverage that money “multiple times over,” Wellnitz said.
The nonprofit works with about 1,500 entrepreneurs each year. Wellnitz said the money will allow the organization to take bigger risks with companies they are already helping who are poised to bring more jobs to the region, along with preparing succession plans for the looming mass retirements of area aging business owners.
It has lent start-up money several times to Advanced Machine Guarding Solutions, a safety equipment supplier in Hibbing. The EFund helped the owner, who came from the robotics industry, line up other funding sources. The company now has more than a dozen employees and “back orders through the roof,” Wellnitz said.
Yield Giving didn’t share with the EFund why it chose the nonprofit. Its website says it looks at organizations in underserved communities that have high potential for impact, and with stable finances, a long track record and evidence of outcomes.
After about five minutes and several warnings that students participating in the protest would be suspended,, the protesters exited Northrop and Cunningham continued her speech. They later gathered outside on the mall afterwards to shout, “Cunningham, you will see, Palestine will be free.”
Cunningham recounted the story of Norman Borlaug, the U alumnus and agronomist whose research in wheat saved millions from starvation, and said she would prioritize keeping a college education affordable for students.
Cunningham actually took over presidential duties on July 1, replacing Interim President Jeff Ettinger. She oversees a budget of more than $4 billion to run the university’s five campuses, which enrolled more than 68,000 students and employed 27,000 people during the last academic year.
She was chosen for the job last winter over two other candidates: Laura Bloomberg, president of Cleveland State University and former dean of the U’s Humphrey School of Public Affairs, and James Holloway, provost and executive vice president for academic affairs at the University of New Mexico. She is the U’s second woman president, following Joan Gabel who held the office from 2019 to 2023.
Cunningham will be paid more than $1 million per year — about $975,000 in base pay and an additional $120,000 in retirement contributions. The compensation puts her in the top quarter of Big Ten university presidents.
Sgt. Gordon Blackey, once a security guard to Minneapolis Mayor Jacob Frey, allegedly admitted to tracking the woman’s movements in her vehicle, according to a criminal complaint.
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Minnesota corrections officials are investigating after an inmate was found dead at the state prison in Moose Lake.
The 37-year-old’s cellmate found the man unresponsive in their room about 10:40 a.m. Tuesday, according to a news release Wednesday from the Corrections Department. Staffers immediately started life-saving efforts, but those efforts failed.
The department’s Office of Special Investigations is looking into the death, with help from the Midwest Medical Examiner’s Office. The inmate’s identity was being withheld until notification of family.
