Target Foundation
Accepts applications
Target Foundation is a private foundation in Minneapolis, Minnesota. In tax year 2024 it gave $25.1 million in 125 grants; the typical grant was $100,000 and the largest $1.0 million. It accepts applications; its filing gives the instructions below.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$25.1 million
- Number of grants125
- Typical grant$100,000
- Largest grant$1.0 million
- Assets$73.9 million
- New grantees40%
Giving in 2024 was down from $26.4 million the year before.
40% of its 2024 grantees had not received a grant from it the year before, a mix of repeat and new grantees.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $26.4 million | 138 | $92.7 million |
| 2024 | $25.1 million | 125 | $73.9 million |
How to apply
| Contact | Target Foundation PO Box 1455, Minneapolis, MN 55440 |
|---|---|
| Phone or email | (612) 761-9219 |
| What to submit | See our focus areas at: https://corporate.target.com/sustainability-governance/target-foundation |
| Deadlines, restrictions | See our focus areas at web address above |
Foundation website IRS filings on ProPublica
What Target Foundation funds
Where it gives
Its grants went to recipients in 14 states, the most to Minnesota.
| State | Grants | Amount |
|---|---|---|
| Minnesota | 97 | $9.8 million |
| New York | 8 | $3.9 million |
| California | 5 | $2.6 million |
| Virginia | 3 | $1.5 million |
| District of Columbia | 2 | $1.5 million |
| Washington | 1 | $1.0 million |
| Colorado | 1 | $750,000 |
| Massachusetts | 2 | $500,000 |
| Illinois | 1 | $250,000 |
| Kentucky | 1 | $250,000 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Caf America | Economic opportunity - global | $1.0 million |
| Co-Impact Philanthropic Funds Inc | Economic opportunity - global | $1.0 million |
| Issara Institute Inc | Economic opportunity - global | $1.0 million |
| Peoples Courage International Inc | Economic opportunity - global | $1.0 million |
| The Acumen Fund Inc | Economic opportunity - global | $1.0 million |
| Common Future | Economic opportunity - national | $750,000 |
| First Nations Development Institute | Economic opportunity - national | $750,000 |
| Policylink | Economic opportunity - national (ecosystem) | $600,000 |
| Earn Inc | Economic opportunity - national | $500,000 |
| Mission Asset Fund | Economic opportunity - national | $500,000 |
| Neighborhood Trust Financial Partners | Economic opportunity - national | $500,000 |
| Prosperity Now | Economic opportunity - national | $500,000 |
| Caf America | Economic opportunity - global | $300,000 |
| Chapel & York Foundation Inc | Economic opportunity - global (ecosystem) | $300,000 |
| Fund for the City of New York Inc | Economic opportunity - global (ecosystem) | $300,000 |
| Myriad USA Inc | Economic opportunity - global (ecosystem) | $300,000 |
| Accion Opportunity Fund Community Development | Economic opportunity - national | $250,000 |
| Build From Within Alliance | Economic opportunity - national | $250,000 |
| Change Machine | Economic opportunity - national | $250,000 |
| Dreamspring | Economic opportunity - national | $250,000 |
| Federation of Applachian Housing Inc | Economic opportunity - national | $250,000 |
| Financial Health Network Inc | Economic opportunity - national | $250,000 |
| Grameen America Inc | Economic opportunity - national | $250,000 |
| MDC Inc | Economic opportunity - national | $250,000 |
| New Majority Capital Foundation Inc | Economic opportunity - national | $250,000 |
| Oklahoma Native Assets Coalition Inc | Economic opportunity - national | $250,000 |
| Opportunity Finance Network | Economic opportunity - national | $250,000 |
| Third Sector New England Inc | Economic opportunity - national (ecosystem) | $250,000 |
| Build Wealth MN Inc | Economic opportunity - hometown | $200,000 |
| Caf America | Economic opportunity - global | $200,000 |
| Comunidades Latinas Unidas En Servicio Inc | Economic opportunity - hometown | $200,000 |
| Hmong American Partnership | Economic opportunity - hometown | $200,000 |
| Hope Community Inc | Economic opportunity - hometown | $200,000 |
| Juxtaposition Inc | Economic opportunity - hometown | $200,000 |
| Local Initiatives Support Corporation | Economic opportunity - hometown | $200,000 |
| Mni Sota Fund | Economic opportunity - hometown | $200,000 |
| Native Governance Center | Economic opportunity - hometown (ecosystem) | $200,000 |
| Neighborhood Development Center Inc | Economic opportunity - hometown | $200,000 |
| Nexus Community Partners | Economic opportunity - hometown (ecosystem) | $200,000 |
| Northside Economic Opportunity Network | Economic opportunity - hometown | $200,000 |
Officers and trustees
- Kiera Fernandez
- Bill Foudy
- Dave Donlin
- Dexter Newman
- Janine Brown
- Pam Tomczik
- Amanda Vela
- Sousan Ortega
Questions people ask
Does Target Foundation accept grant applications?
Yes. Its latest IRS filing says it accepts applications, with this on deadlines: See our focus areas at web address above.
How much does Target Foundation give?
$25.1 million in tax year 2024, across 125 grants, with a typical grant of $100,000.
Who runs Target Foundation?
Its 2024 filing lists Kiera Fernandez (President & Chair), Bill Foudy (Trustee), Dave Donlin (Secretary) and Dexter Newman (Trustee) among 8 officers and trustees.
What does Target Foundation fund?
Based on its grants, mainly international, community development and housing and homelessness.