Giving in Minnesota, 2012 Edition, features information on overall giving in 2010, which includes data from the fiscal years of Minnesota foundations and corporate giving programs that end between June 1, 2010, and May 31, 2011.
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.
The report shows giving by individuals, foundations and corporate giving programs totaled $5.2 billion for the 2010 research year, a modest 2.6-percent increase over 2009.
Individual giving grew 3.4 percent to $3.8 billion and accounted for most of the overall increase. The majority of the state's charitable giving "“ 73 percent in 2010 "“ comes from individuals.
Grantmaking accounted for 27 percent "“ $1.41 billion "“ of total 2010 giving, an increase of less than 1 percent over 2009. The total includes grantmaking by Greater Twin Cities United Way, which was included in the research for the first time to create a more comprehensive picture of charitable giving in Minnesota. Without that addition, total 2010 grantmaking would have declined 4.1 percent from 2009.
Foundation Assets Growing
While grantmaking has not fully recovered from the economic downturn, foundation assets are beginning to rise. Assets grew 3.8 percent to $16.9 billion in 2010, but are still slightly below the pre-recession 2007 level of $17 billion.
Corporate Grantmakers Lead Giving
The Giving in Minnesota research indicates that corporate foundations and giving programs, which comprise just 9 percent of the 1,467 grantmakers in the state, gave 45 percent of all 2010 grant dollars. Private foundations "“ 85 percent of Minnesota's grantmakers "“ gave 38 percent of grant dollars. Community/public foundations accounted for the remaining 17 percent of giving.
Education Received Largest Share of Grant Dollars
The three subject areas receiving the largest shares of Minnesota's grant dollars were education (27 percent), human services (23 percent) and public affairs/society benefit (16 percent). Education has captured the largest share of Minnesota's grant dollars in all but three years since MCF began conducting Giving in Minnesota studies in 1976.
Funding for arts, culture and humanities rose 20 percent to $129 million, while giving to education, human services, environment/animals and religion was up more modestly "“ between 3 and 6 percent each.
Trends for Geographies, Beneficiaries and Types of Support Continue
In 2010 slightly more than half (51 percent) of dollars given by Minnesota grantmakers went to organizations and programs serving Minnesota. The Twin Cities metropolitan area received 31 percent of the total grant dollars, with Greater Minnesota and Minnesota statewide each receiving 10 percent.
Organizations serving other parts of the country and world received 49 percent of grant dollars. A majority (67 percent) of corporate grant dollars went out of state, reflecting businesses' goals of distributing support between Minnesota, where they are headquartered, and other parts of the nation and world where they have facilities and customers.