MCF reported today that Minnesota grantmakers forecast slightly higher giving in 2013. According to the 2013 Outlook Report, foundations and corporations believe their grantmaking will increase about 2% from 2012.
According to MCF’s Giving in Minnesota research, Minnesota grantmakers give approximately $1.4 billion each year to charities and scholarship recipients.
Education Giving May Grow
In the Outlook survey, MCF asked grantmakers to estimate changes in giving to specific subject areas they support.
- Most (82 of 104) respondents plan to support education causes in 2013.
- And 25 of the 82 plan to boost funding to education.
Support for Racial, Ethnic Populations Evident
MCF also queried grantmakers on their plans to support specific populations in 2013.
- Most (82 of 104) respondents indicated their giving benefits racial and ethnic minority groups.
- Other key constituencies on which grantmakers will focus include economically disadvantaged populations and children or youth.
Optimism for Assets
Grantmakers are slightly more optimistic than last year about the outlook for asset values.
- 56% of foundations expect their assets to grow in 2013, versus 45% who projected increases during 2012.
- Almost 33% of foundations anticipate assets will remain constant in 2013.
Learn More at Webinar
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 webinar details and to register, visit www.mcf.org/events.
Read the Full Report
Read the complete 2013 Outlook Report, including an analysis of anticipated giving by grantmakers of different sizes and types, and descriptions of non-cash support strategies: www.mcf.org/research/outlook.
The 2013 Outlook Report is based on a late 2012 survey of 104 foundations and corporate giving programs that represent 75 percent of all Minnesota annual grantmaking.
– Susan Stehling, communications associate, MCF