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K-12 STUDENTS RECEIVE EXTRA BOOST FROM MINNESOTA GRANTMAKERS


Thu, Aug 23rd, 2012
Posted in All Education

MINNEAPOLIS (August 23, 2012) - 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 funneling more dollars 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. The 2010 research year is defined as the fiscal year of any Minnesota foundation or corporate giving program that ends between June 1, 2010 and May 31, 2011. This is the latest time period for which complete data are available.

"The generosity of Minnesota education grantmakers in 2010 and 2011 will have long-lasting benefits for our state," says Bill King, MCF president. "All students - regardless of race, socio-economic status, location or other factors - must have the opportunity to achieve at the highest levels."

"Many grantmakers share a sense of urgency around disparities in education, and they focus their giving accordingly," he adds. 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.

CORPORATIONS LEAD EDUCATION GRANTMAKING

As in past years, in 2010 corporate foundations and giving programs granted more than half of the total education dollars. Corporate grantmaking to education increased 9 percent to $147 million from 2009. Target Foundation and Corporation and General Mills Foundation and Corporation were Minnesota's largest education grantmakers, giving $54.7 million and $51.3 million, respectively.

General Mills gave $8 million more to education in 2010. Ellen Goldberg Luger, vice president, General Mills, and executive director, General Mills Foundation, emphasizes the importance of the company's education funding. "General Mills has long supported education with our Box Tops for Education program," says Luger. "In 2010, we stepped up our local commitment and partnered with the Minneapolis Public Schools, Cargill and Target to focus on human capital development for principals, administrators and teachers."

Private foundations granted 27 percent of education dollars, or $70 million in 2010. Community/public foundations gave nearly $40 million or 15 percent of the total education grant dollars. Community/public grantmaking to education rose more than $14 million, partly because Greater Twin Cities United Way was included in the research sample for the first time (giving $8.3 million) and The Saint Paul Foundation and Minnesota Community Foundation granted $4.3 million more to education in

2010 than in 2009.

GIVING TO ELEMENTARY/SECONDARY EDUCATION UP 12 PERCENT

As in previous years, 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.

3M is one grantmaker boosting giving to elementary/secondary education. Like many other corporations, 3M's giving is in partnership with its employees and retirees, and most grantees are connected through matching gifts or volunteer service. "3M's increase in K-12 giving reflects corporate strategies around employee engagement and the understanding that we must start early to educate today's students and tomorrow's employees," says Barbara Kaufmann, manager education giving, 3M Community Affairs. "Our investment in science and engineering curricula and after-school activities in the St. Paul Public Schools is paying off

as students graduate and pursue degrees in science and technology."

For more information on education grantmaking, visit www.mcf.org/research/giving [3]. 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.

ABOUT THE MINNESOTA COUNCIL ON FOUNDATIONS

The Minnesota Council on Foundations (MCF) works actively to expand and strengthen a vibrant community of diverse grantmakers who individually and collectively advance the common good. MCF members represent three-quarters of all grantmaking in the state, awarding almost $1 billion annually. Members include private family and independent foundations, community and other public foundations, and corporate foundations and giving programs. To learn more, visit www.mcf.org [4]

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