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We
have a proud tradition of giving back to the communities we
serve, and for more than fifty years have been giving 5 percent
of our federally taxable income to support these efforts.
In 2001, we gave more than $1.5 million per week to national
and local non-profit organizations across the country, and
in 2002, these contributions are expected to total more than
$2 million per week. With funding coming from our stores,
our divisions and the corporation, these contributions are
directed to strengthen the communities where we operate and
to improve the quality of life for our guests and team members.
At Target, the Take Charge of Education initiative continued
its strong growth and with the roll-out of the Target Visa,
is poised for more rapid growth going forward. Through the
program, our guests are able to raise funds for the K-12 school
of their choice as they use their Target Guest Card and Target
Visa. Today, over 8 million guests and more than 114,000 schools
participate in this initiative. Since 1997, Target has contributed
over $55 million to schools nationwide through the School
Fundraising Program.
At Mervyn’s, the award-winning Community Closet program
has expanded its reach to over 80 cities in 14 states and
has outfitted more than 5,000 men and women to help them transition
from welfare to work.
At Marshall Field’s, Project Imagine, which supports the arts
and cultural organizations, hosted the inaugural Marshall
Field’s Day of Music with the Minnesota Orchestra in 2001.
This event made the arts accessible to over 11,000 attendees
and was presented to the community in gratitude for its longstanding
support.
Our team members share our philanthropic mission. During the
past year, more than 75,000 Target Corporation team members
donated over 320,000 hours of their time to more than 8,000
projects nationwide.
For decades, Target Corporation has been steadfast in our
commitment to the communities we serve. We believe that by
making these investments, we help build healthier communities,
strengthen local economies and create value for our shareholders
as well.
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