Giving Drops With Economy

Source: Star Tribune 10/11/2011

The shaky economy has put a crimp in Minnesotans' philanthropic spirit. Individual donations to charities, though still a hefty $3.6 billion, fell 11 percent from 2008 to 2009, according to a report by the Minnesota Council on Foundations.

Foundations and corporations, meanwhile, reduced their grants to charities and nonprofits by 4 percent during the past fiscal year, ending March 31, 2010, donating $1.4 billion.