Minnesota nonprofits can expect granting stability
The Minnesota Council on Foundations (MCF) recently reported that the state’s grantmakers expect relatively stable giving in 2012. According to MCF’s 2012 Outlook Report, foundations and corporations believe their grantmaking will remain flat or possibly increase about one percent from 2011.
“Grantmaking stability is a huge plus, especially during times of continuing unpredictability elsewhere,” says Bill King, MCF President. “Minnesota philanthropists have been giving well over $1 billion annually for a decade now and have weathered the volatile economy of the past few years with relatively minor fluctuations in their giving.”
MCF’s 2012 Outlook Report is based on an October/November 2011 survey of 104 Minnesota foundations and corporate giving programs that represent 76 percent (or about $1 billion) of all Minnesota annual grantmaking.
MCF, a regional association of grantmakers, works actively to strengthen and expand philanthropy. Its members represent three-quarters of all grantmaking in the state, awarding more than $900 million to nonprofits annually. Members include family and private independent foundations, community and other public foundations, and corporate foundations and giving programs. For more information, visit www.mcf.org.