(Oct. 28, 2013) ― The Minnesota Council on Foundations (MCF) today released its annual rankings of the top grantmakers in Minnesota based on cash grants paid in 2012.
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 2012 were: Target Foundation and Corporation ($147.0 million); General Mills Foundation and Corporation ($104.4 million); The McKnight Foundation ($85.1 million); The Saint Paul Foundation and Minnesota Community Foundation ($82.0 million); and Cargill and The Cargill Foundation ($69.1 million).
Of the 50 top grantmakers by grants paid in 2012, 45 also appeared on the 2011 list. Cash giving by the top 50 grantmakers totaled more than $1 billion.
“These 50 philanthropic leaders – along with the more than 1,400 other grantmakers in the state – are a significant and ongoing source of support for nonprofits and our local, national and international communities,” says Trista Harris, MCF president.
Grant Dollars Distributed Beyond Minnesota
Less than half of the cash giving by the top 50 grantmakers was designated to organizations based in Minnesota.
“Grantmakers in Minnesota are supporting local causes, but they also have an eye toward needs beyond our state’s borders,” notes Harris. “Minnesota philanthropists are aware of their responsibilities as national and global citizens.”
Corporations Give More than Cash
MCF’s 2012 annual rankings are based on the amount of cash grants paid by funders during fiscal years ending June 1, 2012, through May 31, 2013.
In order to ensure that grantmakers are compared consistently, in-kind and other noncash contributions are not included in the rankings, but MCF invites large corporate grantmakers to self-report information about noncash contributions.
“The business community’s donations of products, services and volunteer time are a substantial part of their overall charitable support,” adds Harris. “This demonstrates the value of cross-sector activities in creating a more vital Minnesota.”
More Charitable 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, 2013 Edition research, which is a comprehensive analysis of annual giving trends by Minnesota foundations and corporations. See www.mcf.org/research/giving for information about grantmaking to specific subject areas, geographies, 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 more than $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.