Giving in Minnesota 2011 Edition

Source: Minnesota Council on Foundations 10/10/2011

Giving in Minnesota, 2011 Edition, features information on overall giving in 2008, which includes data from the fiscal years of Minnesota foundations and corporate giving programs that end between June 1, 2009, and May 31, 2010.

This is the most recent time period for which complete data are available. Because all grantmakers do not use the same fiscal year, and because foundations are allowed several months to file an IRS 990 or 990-PF tax return, there is some lag time before data are available to MCF for analysis.

Highlights from the Report

The report shows giving by individuals, foundations and corporate giving programs totaled $4.9 billion for the 2009 research year, a decrease of 9.3 percent from 2008.

The 2009 research year, the most recent time period for which complete data are available, includes financial information from foundations and corporate giving programs with fiscal years ending between June 1, 2009, and May 31, 2010 – the height of the recession.

Foundation Assets Begin to Rebound

Minnesota foundation assets increased 6 percent to $18.33 billion in 2009 from $17.30 billion in 2008. But, the asset decline of 10.7 percent from 2007 to 2008 – the largest single-year decline since 1995 – remained a factor in 2009’s decrease in giving.

Education and Human Services Receive Largest Shares

As in previous years, the three subject areas receiving the largest shares of Minnesota’s grant dollars were education, human services, and public affairs/society benefit, at 26 percent, 23 percent, and 18 percent, respectively. In 2009, education displaced human services as the subject category receiving the largest share. Education has captured the largest share of Minnesota’s grant dollars in all but three years – 2001, 2005 and 2008 – since MCF began conducting Giving in Minnesota studies in 1976.

Giving to Minnesota Drops Under Fifty Percent

The 2009 research year marks the first period, since MCF began conducting Giving in Minnesota studies in 1976, during which less than half (48 percent) of the dollars given by Minnesota grantmakers went to organizations and programs serving Minnesota. The Twin Cities metropolitan area received 30 percent of the total grant dollars, Greater Minnesota received 10 percent, and Minnesota statewide received 8 percent. Organizations serving other states, the country and other parts of the world received 52 percent of grant dollars. In 2008, percentages were reversed, with 52 percent of dollars staying in Minnesota and 48 percent going elsewhere.

Giving in Minnesota 2011 Fact Sheets

Categories: Arts & Culture,Community & Public Foundations,Corporate Grantmakers,Education,Family Foundations,Grantmaking,Grantseeking,Independent Foundations,Individual Donors,MCF News,MCF Research,News
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