Mr. McDonald is born in Minneapolis, Minnesota to Malcolm Blanchard and Ruth Virginia Stees McDonald.
Mr. Donald graduates Phi Beta Kappa magna cum laude with high honors and high orations from Yale College, receiving a Bachelor of Arts in politics and economic institution.
Mr. McDonald receives a Master of Business Administration from Harvard University.
Mr. McDonald joins and later becomes vice president of First National Bank in St. Paul, Minnesota.
Mr. McDonald becomes an adjunct professor of graduate programs in management at the University of St. Thomas, St. Paul.
Mr. McDonald joins and later becomes director, senior vice president and trustee of Space Center, Inc. in St. Paul, Minnesota.
Mr. McDonald becomes a member of the board of the Hill Monastic Manuscript Library at Saint John’s University in Collegeville, Minnesota.
Mr. McDonald becomes vice chair of the Investment Advisory Council of the Minnesota State Board of Investment in St. Paul, Minnesota. He is now an emeritus member.
Mr. McDonald serves as president and board member of the Minnesota Taxpayers Association and the Minnesota Journal for Fiscal Excellence.
Mr. McDonald becomes a member of the advisory board of Firstar Bank of Minnesota in St. Paul, Minnesota.
Mr. McDonald joins the Board of Governors at the Minneapolis Club.
Mr. McDonald joins the Board of Directors of HMN Financial, Inc. in Rochester, Minnesota.
Mr. McDonald serves as chairman of the Minnesota State Fair Foundation. He is now an emeritus member.
Mr. McDonald becomes vice president of the Grotto Foundation, having joined the board in 1961.
Mr. McDonald becomes trustee emeritus of the Amherst H. Wilder Foundation, having joined in 1971.
Mr. McDonald becomes an emeritus director of the Minnesota Historical Society.