MINNESOTA FOUNDATIONS, CORPORATIONS EXPECT GIVING TO DECLINE IN 2009
Submitted by giarts-ts-admin on January 16, 2009
After several years of increases, giving by Minnesota foundations and corporate grantmakers is expected to decline in 2009, a new report from the Minnesota Council on Foundations finds.
Based on a survey of grantmakers representing 70 percent of the grant dollars awarded in 2006, the latest year for which complete data are available, the 2009 Outlook Report found that 40 percent of grantmakers in the state expect their giving to decline in 2009, 41 percent expect their giving to remain flat, and 15 percent hope to increase their grantmaking. According to MCF president Bill King, this could mean a roughly 4 percent decline in total grantmaking in 2009. Read More.