A new charitable giving report released today by the Minnesota Council on Foundations covers the year 2012 and shows that an improving economy has led to more giving by individuals.
Total charitable giving was up 2 percent in 2012 over the previous year, with a total of more than $5.7 billion.
The report says individual giving rose to $4.1 billion in 2012, while grantmaking by foundations and corporations in Minnesota declined by 6 percent to $1.6 billion.
There’s a reason for that foundation/corporate drop, the report says:
Part of the reason for 2012’s decline in grantmaking has to do with the Margaret A. Cargill Foundation. In 2011, it paid $142 million in 400 one-time, multiyear grants; in 2012, it granted $42 million. The foundation is launching and growing its programs gradually, and if its grants were not included in 2011 or 2012, grantmaking would have remained flat between the two years.
Education tops the list of where the money goes, the report said.
The eight subject areas tracked in the report, and their slices of the pie, are:
- Education, 29 percent
- Human services, 23 percent
- Public affairs/society benefit, 16 percent
- Arts, culture and humanities, 13 percent
- Health, 10 percent
- Environment/animals 4 percent
- Religion, 3 percent
- International affairs, 2 percent