Local

Minnesota Foundation Grants Expected To Rise In 2012

View Comments

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up
Today's Most Popular Video
  1. Optimal Summer Conditions Created Vivid Fall Colors
  2. 4 Things To Know For Oct. 23, 2014
  3. Apple Pay Launch Not Bug Free
  4. Survey: Harassment Is A Common Part Of Online Life
  5. Health Watch: Soda, Register Receipts & Pumpkin Benefits

MINNEAPOLIS (WCCO) — Minnesota’s foundations are hoping to hand out more grants this year thanks to an improving economy.

According to Bill King of the Minnesota Council on Foundations, when the economy improves, so does philanthropic giving.

“I think we’ve seen a recovery of the economy and as a result of that recovery we’re also seeing stabilization in the philanthropic community,” said King.

NewsRadio 830 WCCO’s Steve Murphy Reports

Three-fourths of the big corporate, family and public foundations expect to give as much, or more, this year in grants — with education getting a greater amount.

“They anticipate that they will increase their grant-making to education in the state,” said King.

Collectively, the foundations hand out more than $900 million a year in grants to non-profits.

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,917 other followers