K-12 students receive extra boost from Minnesota grantmakers
As students head back to school this year, new research by the Minnesota Council on Foundations (MCF) indicates that Minnesota grantmakers have increased giving to education, specifically toward K-12 needs.
According to early conclusions from MCF's research, Giving in Minnesota, 2012 Edition, grantmaking to education by the research sample increased to $257 million in 2010, a 3 percent increase from 2009.
"All students, regardless of race, socio-economic status, location or other factors, must have the opportunity to achieve at the highest levels," said Bill King, MCF president.
Education leads all other subject areas of Minnesota grantmaking, receiving a 27 percent share of Minnesota's total philanthropic dollars. Education has received the largest share of the state's grant dollars in all but three years since MCF began conducting Giving in Minnesota studies in 1976.
In 2010, corporate foundations and giving programs granted more than half of the total education dollars. Private foundations granted 27 percent of education dollars, or $70 million. Community/public foundations gave nearly 15 percent or $40 million of the total education grant dollars.
In 2010 the elementary/secondary education subcategory received the largest share of education dollars, increasing 12 percent to $102 million. Higher education and professional schools received $55 million, the second-highest share, and student services grew to $54 million.
The MCF works actively to expand and strengthen a community of diverse grantmakers who individually and collectively advance the common good.
For more information on education grantmaking, visit www.mcf.org/research/giving. Analysis was based on more than 27,000 grants of $2,000 or more, made by a sample of 100 of the largest grantmakers in the state. MCF's complete Giving in Minnesota, 2012 Edition will be released in October.