The Daily Beast just came out with its ranking of the 25 most charitable cities, and the Twin Cities are #6.
According to the Beast, here’s proof that Minneapolis-St. Paulites have big hearts:
- Percentage of earnings donated: 2.9 percent
- Average household income: $98,578
- Giving per foundation: $703,354
- Annual volunteers: 905,400
- Population that volunteers: 27.7 percent
By comparison, here’s the lowdown on the #1 most charitable city – Seattle:
- Percentage of earnings donated: 3.2 percent
- Average household income: $109,401
- Giving per foundation: $2,633,739
- Annual volunteers: 943,600
- Population that volunteers: 27.7 percent
To dive deeper into giving in Minnesota, take a look at MCF’s just-published research report, Giving in Minnesota, 2010 Edition, which presents the most comprehensive look at charitable giving in our state during 2008, the most recent period for which complete data are available.
A bright spot in the data: Grantmakers contributed 26 percent of total charitable giving in Minnesota. Foundation and corporate giving in Minnesota totaled $1.42 billion, an increase of 3.6 percent, from $1.37 billion in 2007.
This increase occurred despite a decline in foundation assets to $17.3 billion in 2008 from $19.55 billion in 2007, an 11.5-percent decrease. This is the largest single-year decline since 1994. Without the first-time addition of the Margaret A. Cargill Foundation’s $2.12 billion in assets, the decline would have been much steeper – 22.4 percent – in 2008.
A summary and the full Giving in Minnesota report are available on the MCF website.
- Chris Murakami Noonan, MCF communications associate
Photo CC mmlolek
