(Oct. 29, 2012) ― In conjunction with this week’s conference, Allied for Action: Bridging Differences for the Greater Good ― the Minnesota Council on Foundations (MCF) today released its annual rankings of the top grantmakers in Minnesota based on cash grants paid in 2011. Allied for Action is the joint annual conference of MCF and the Minnesota Council of Nonprofits, and it is the nation’s largest convening of nonprofits, foundations and corporate grantmakers.
The annual rankings lists include: Top 50 Minnesota Grantmakers by Grants Paid; Top 50 Minnesota Grantmakers by Assets; Top 25 Minnesota Corporate Grantmakers; Top 25 Minnesota Private Foundations; and Top 25 Minnesota Community/Public Foundations and Public Charity Grantmakers. Also included is an alphabetical list of Noncash Charitable Contributions by Minnesota Corporate Grantmakers.
The top five Minnesota grantmakers by grants paid in 2011 are: Target Foundation and Corporation ($146.1 million); The McKnight Foundation ($102.9 million); General Mills Foundation and Corporation ($102.7 million); The Saint Paul Foundation and Minnesota Community Foundation ($70.3 million); and Cargill and The Cargill Foundation ($63.0 million).
“For the first time this year, the three top grantmakers paid out more than $100 million each” says Bill King, MCF president. “And cash giving by the top 50 grantmakers totaled more than $1 billion, indicating that despite the slow economic recovery, philanthropy in Minnesota continues to be a significant and ongoing source of support for nonprofits and the community."
Of the 50 top grantmakers by grants paid in 2011, 44 also appeared on the 2010 list. Overall, grant dollars paid by these 44 increased 10 percent in 2011 from 2010, and the amount staying in Minnesota increased two percent. Assets for the 44 grantmakers grew one percent.
“The 10-percent increase in grant dollars paid by top grantmakers is great news for our state’s nonprofits and its residents,” King says. “Since grantmakers tend to base grants paid on multi-year averages of previous asset levels, we can see the impact of the deep downturn in 2008 and 2009 starting to tail off.”
Corporations Give More than Cash
MCF’s 2011 annual rankings are based on the amount of cash grants paid by funders during fiscal years ending June 1, 2011, through May 31, 2012. In order to ensure that grantmakers are compared consistently, in-kind and other noncash contributions are not included.
For corporate giving programs, noncash contributions such as in-kind donations of products, services or volunteer time can be a substantial part of their overall community support. Again this year, MCF invited large corporate grantmakers to self-report information about in-kind donations and other noncash contributions. This information is assembled in the Noncash Charitable Contributions by Minnesota Corporate Grantmakers list.
More Grantmaker and Giving Research Online
For the complete Minnesota Annual Grantmaker Rankings, see www.mcf.org/research/rankings.
Earlier this month, MCF released its Giving in Minnesota, 2012 Edition research report, which is a comprehensive analysis of annual giving trends by Minnesota foundations and corporations. See www.mcf.org/research/giving for information about giving to various subject areas, geographic areas, beneficiaries and more.
About the Minnesota Council on Foundations
The Minnesota Council on Foundations (MCF) works actively to expand and strengthen a vibrant community of diverse grantmakers who individually and collectively advance the common good. MCF members represent three-quarters of all grantmaking in the state, awarding almost $1 billion annually. Members include private family and independent foundations, community and other public foundations, and corporate foundations and giving programs. For more information, visit www.mcf.org.
About the Allied for Action Conference
MCF and the Minnesota Council on Nonprofits are hosting a two-day conference that brings together 1,200+ nonprofit and philanthropic leaders intent on bridging differences for the greater good. This year’s event is Nov. 1-2 at St. Paul RiverCentre. Details at www.alliedforaction.org.