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- Assets: $26,556,946 (2006)
- Grants Received: $13,160,000 (2006)
- Grants Awarded: $9,500,000 (2006)
The Target Foundation (formerly known as the Dayton Hudson Foundation) was established in 1946 by the Target Corporation, which is a founding member of the "Five Percent Club," a movement encouraging U.S. corporations to commit five percent of their federally taxable income to support community nonprofits. Identifying its mission as "to support social services and the arts," this Foundation concentrates its philanthropy on organizations based in the Minneapolis/St. Paul area of Minnesota, most notably its inner-city neighborhoods. Grants, which range from about $5,000 to $100,000 apiece, are also awarded in areas of company operations (Target Stores, Mervyn's, and/or Marshall Field's), which includes locations across the continental United States.
Target Foundation philanthropy is divided into two principal areas:
(a) Arts: “We support programs and cultural organizations that promote visibility and accessibility at a community level.”
(b) Social Services: The Foundation seeks to “provide support for programs that address the basic needs of individuals or families at risk by providing shelter, food and clothing.”
The Capital Research Center, which was established in 1984 to study nonprofit organizations and to rate them along an ideological spectrum, classifies the Target Foundation as “radical left.”
In addition to many local grantees, Target has also made recent grants to the: National Council of La Raza; the Mexican American Legal Defense & Education Fund; the National Organization for Women Legal Defense & Education Fund; the National Association for the Advancement of Colored People Legal Defense & Education Fund; the National Urban League; the National Committee for Responsive Philanthropy; the Center for Asians and Pacific Islanders; YouthLink; the YWCA; the Kulture Klub Collaborative; StreetWorks; the Neighborhood Justice Center; Planned Parenthood; Chicanos Latinos Unidos En Servicio; and the National Leadership Coalition on AIDS.
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