Minnesota grantmakers anticipate slight increase in giving this year
The Minnesota Council on Foundations (MCF) reported Monday that Minnesota grantmakers forecast slightly higher giving in 2013. According to MCF's 2013 Outlook Report, foundations and corporations believe their grantmaking will increase about two percent from 2012.
"Our state's grantmakers are feeling a little more optimistic than they were last year at this time when they were predicting flat or slightly increased giving," says Bill King, MCF president. "Almost 40 percent of our survey respondents plan to give more, and just under half predict their grantmaking will hold steady at last year's levels."
According to MCF's Giving in Minnesota research, Minnesota grantmakers give approximately $1.4 billion each year to charities and scholarship recipients. MCF's 2013 Outlook Report is based on a November 2012 survey of 104 Minnesota foundations and corporate giving programs that represent 75 percent of all Minnesota annual grantmaking.
Education Giving May Grow
In the annual Outlook survey, MCF asked grantmakers to estimate changes in giving to the specific subject areas they support. Most (82) respondents reported that they plan to support education causes in 2013, and 25 of those grantmakers indicated that they plan to boost funding to that subject area.
"This trend toward education may indicate a return to more historic levels of giving to that subject area," notes King. "During and after the recent recession we saw increases in support to human services and basic needs."
Support for Racial, Ethnic Populations Evident
MCF also queried grantmakers on their plans to support specific populations in 2013. More than three quarters of survey respondents indicated that their giving benefits racial and ethnic minority groups. Other key constituencies on which grantmakers will focus include economically disadvantaged populations and children or youth.
Slightly More Optimism for Assets
Minnesota grantmakers are slightly more optimistic than last year about the outlook for asset values. Specifically, 56 percent of foundations expect their assets to grow in 2013, versus 45 percent who projected increases during 2012. Almost 33 percent of foundations anticipate that assets will remain constant in 2013.
Learn More at Upcoming Webinar and Online
MCF will host a webinar January 16 to detail the 2013 Outlook Report findings and provide additional context about the overall economic climate. Bob Tracy, MCF's director of government relations and public policy, will discuss how state and federal policy priorities will impact the nonprofit and philanthropic sectors. For details and to register, visit www.mcf.org/events.
To read the complete 2013 Outlook Report, including analysis of anticipated giving by grantmakers of different sizes and types, as well as descriptions of non-cash support strategies, see www.mcf.org/research/outlook.
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.