Charitable giving bounces back with improved economy - Bring Me The News

Charitable giving bounces back with improved economy

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Charitable donations by individuals, corporate charities and foundations are on the upswing again in post-recession Minnesota.

Citing the most recent numbers available in a report by the Minnesota Council on Foundations, MPR reports donations hit $5.5 billion in 2011. That's a 3 percent jump from 2010 donations. The report, released Tuesday, showed that giving by foundations and corporations increased by 15 percent from 2010 to 2011. That added up to $1.7 billion in 2011.

Despite the uptick, 2011 donations remained below 2008 levels, before the full impact of the recession was felt.

The report said nearly half of Minnesota grant dollars went to organizations and programs serving the state. Four percent was given to international causes.

In 2011, the Star Tribune noted that between 2008 and 2009, charitable donations fell by 11 percent, from 5.4 billion to 4.9 billion. The paper also noted that foundations and corporations reduced grants to nonprofits by 4 percent during the 2010 fiscal year.

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