Giving in Minnesota, 2006 Edition
Giving in Minnesota Sample Trends
This section provides a detailed analysis of trends and patterns of giving by the largest Minnesota grantmakers — those making $1 million or more in grants. This Giving in Minnesota sample accounted for about 84 percent of the total grantmaking in the state in 2004 despite comprising just 8 percent of total grantmakers. By focusing on actual grants made by these largest grantmakers, the Council hopes to project an accurate interpretation of the trends and patterns of overall foundation and corporate giving.
Description of Sample
The Council completes an in-depth analysis of the largest active grantmakers by coding specific grants of $2,000 and above as the units of analysis. Of the 123 grantmakers that made $1 million or more in total grants in 2004, 110 grantmakers comprise the Giving in Minnesota sample and are reflected in the patterns and trends described in this report. [See Appendix i (PDF) for complete list of the sample grantmakers.] This smaller number in the sample primarily relates to corporate giving programs whose giving comes from annual budgets and are not required to publicly report contributions. Companies with corporate giving programs must self-report information on specific grants to the Council to be included in the analysis, and not all do so.
The Council categorizes grantmakers into three types: private foundations, corporate foundations and giving programs, and community/public foundations. The Giving in Minnesota sample of the largest grantmakers in 2004 included 59 private foundations (54 percent), 34 corporate foundations and giving programs (31 percent), and 17 community/public foundations (15 percent).
Key Trends in Sample
In 2004, the Giving in Minnesota sample made $895 million in grants and had $12 billion in assets. The sample, representing just 8 percent of all grantmakers in the state, made 84 percent of total grants and held 80 percent of total assets. In 2003, the sample, representing 8 percent of Minnesota grantmakers, gave 81 percent of total grants and had 64 percent of total assets.
Grants Paid by Grantmaker Type
In the last two consecutive reporting years, there has been a shift among the three grantmaker types within the Giving in Minnesota sample in relation to the share of grants paid. The private foundation share of giving dipped in 2003 compared to the shares held by corporate grantmakers and community/public foundations, both of which witnessed increases in percentages of giving. The private foundation share rebounded in 2004, resulting in decreased shares for both corporate grantmakers and community/public foundations.
Private foundations increased their share of giving to 48 percent in 2004 after a decline to 40 percent in 2003, which can be attributed to improved investment assets in the recovering economy funding an increased level of giving, as well as an increase in the number of private grantmakers in the sample (52 to 59). E.M. Pearson Foundation paid out its assets of $30.9 million and ended operations in 2004, which boosted private foundation giving. Blandin Foundation also increased grantmaking in 2004, including a single large gift of $20 million. Although the number of private foundations in the sample returned to 2002’s high of 59, there was a slight decline in share from 50 percent in 2002 to 48 percent in 2004. Grants paid increased from about $318 million in 2003 to $356 million in 2004.
Corporate grantmakers’ share of giving declined from 42 percent in 2003 to 37 percent in 2004 as private foundations regained the largest share of grants paid. The corporate giving share returned to 37 percent in 2004 as in 2002, with four additional grantmakers in the sample. Overall Target Corporation grantmaking decreased somewhat as the Marshall Fields and Mervyn’s units were divested. Other corporate grantmakers in the Giving in Minnesota sample also reported slightly lower grant levels.
Community/public foundation giving accounted for the smallest share in 2004, with a decrease from 19 percent in 2003 to 15 percent, while maintaining the same number of grantmakers in the sample. As indicated in Giving in Minnesota, 2005 Edition, the 2003 high was partly attributable to two large grants totaling more than $30 million made by The Minneapolis Foundation.
Average Grant Size by Grantmaker Type
Over the past five years, there has been a slow yet gradual growth in the average grant size made by the Giving in Minnesota sample. Private foundations have continued to provide larger average grants than corporate grantmakers and community/public foundations.
Private foundation giving within the Giving in Minnesota sample represented 48 percent of total grant dollars but only 26 percent of the number of grants. The average size of private foundation grants rose to $62,763 in 2004 from $59,505 in 2003.
Corporate grantmakers accounted for 37 percent of grants paid and more than half (52 percent) of the total number of grants. Corporate grants increased from an average of $17,830 in 2003 to $21,484 in 2004. Corporate grantmakers often make grants to match employee gifts that can reduce average grant size, but corporate grantmakers have continued to see gradual increase in size of average grants paid.
The average grants paid by community/public foundations in the sample increased to $51,021 in 2003 and dipped to $24,054 in 2004. As indicated previously, two large gifts made by The Minneapolis Foundation made an impact on the prior year’s averages.
|
|
Giving in Minnesota
2006 Edition
|
|
Table of Contents
|
Index
Section I:
Introduction
Section II:
Key Findings
Section III:
Minnesota Giving Overview
Section IV:
Sample Trends
Section V:
Methodology
Section VI:
Appendices
|
About This Report
|
Giving in Minnesota, an annual research report produced by the Minnesota Council on Foundations since 1984, provides a comprehensive analysis of the trends and patterns of giving by organized philanthropy in the state.
This report provides an overview of giving by Minnesota foundations and corporations domestically and internationally, as well as giving by individual Minnesotans. The report also provides an in-depth analysis of the Giving in Minnesota sample of the largest Minnesota foundations and corporations by subject area, geographic area, intended beneficiary and support type.
|
|
