Today is International Corporate Philanthropy Day, a day to build awareness of corporate-community partnerships and inspire businesses to do more in the way of giving. In honor of the day, sponsored by the Committee Encouraging Corporate Philanthropy, MCF celebrates the contributions made by Minnesota’s corporate grantmakers by sharing the following statistics:
- $483 million: Amount given by all Minnesota corporate grantmakers in MN in 2006.
- 10.8%: Increase in corporate grantmaking in Minnesota between 2005 & 2006.
- 9%: Share of grantmakers in the state who are corporate.
- 42%: Share of grantmaking dollars in Minnesota that come from corporate funders.
Where do the corporate grant dollars go?
- 33%: Share of dollars that go to Education.
- 19%: Share of dollars that go to Human Services.
- 18%: Share of dollars that go to Public/Society Benefit.
- 16%: Share of dollars that go to Arts.
- 9%: Share of dollars that go to Health.
Source: MCF’s Giving in Minnesota, 2008 Edition.
In the words of Paul Newman, co-founder of the Committee Encouraging Corporate Philanthropy and an innovative philanthropist in his own right: “I respect generosity in people, and I respect it in companies too. I don’t look at it as philanthropy; I see it as an investment in the community.”
A big shout out to Minnesota’s corporate grantmakers, and happy International Corporate Philanthropy Day!
- Juliana Tillema, MCF’s research manager
