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Fifty-two percent of grantmakers in Minnesota expect giving to decrease in 2009, compared to 40% at the end of 2008, according to a new report issued by the Minnesota Council on Foundations.
The result of a collaboration with the national Council on Foundations, the Special Update: 2009 Outlook Report highlights how grantmakers’ outlook for the year has changed since MCF issued its last report on the outlook for grantmaking in 2009.
The new report compares responses to surveys conducted in March 2009 and November 2008, which asked respondents to anticipate their giving in 2009 compared to previous year’s levels.
Thirty-one percent expected giving to remain the same in March, compared to 41% in November. About the same number expected giving to increase in March (17%) and November (15%).
Although the outlook for 2009 has worsened, grantmakers in Minnesota compare favorably to national averages. Sixty-two percent of grantmakers nationwide expect to decrease their giving in 2009, as compared to 52% in Minnesota. In addition, asset declines in 2008 among grantmakers in Minnesota were not as steep as those experienced nationwide.
Food, housing, and jobs are the areas Minnesota grantmakers say they are most likely to support, in relation to the downturn.
These findings are consistent with the Nonprofit Current Conditions Report, recently issued by the Minnesota Council of Nonprofits. That report shows that 51% of nonprofits in Minnesota that receive corporate and foundation grants have already experienced a decline in grants and future commitments.
As foundation assets and payouts continue to decline, most nonprofits report they expect 2010 to be worse than 2009, according to the report.
-Juliana Tillema, MCF Research Manager
