Target Foundation: Hometown Racial Equity Grant

Overview

Our Legacy

For more than 100 years, the Target Foundation (founded as The Dayton Foundation) has upheld the idea that the prosperity of a business is dependent on the prosperity of the communities in which it operates. It’s an important part of our history and our commitment to serve and support our neighbors.

In 2019, the Foundation expanded its support to address the growing urgency in our hometown, across the country and globally to help address widening socioeconomic gaps.

Target Foundation

We’re proud to continue our long legacy of support for communities in our hometown and around the world.

At the Target Foundation, we envision a world where all families and communities have the resources they need to determine and realize their own joy in life. It’s a reality that is out of reach for far too many families as they struggle for access to economic opportunity and stability, for equity and for the kind of empowerment that lifts up their communities. We believe we have a responsibility to work to remove structural barriers and help create access for those who have been left out. When we shift power to communities, they can more meaningfully participate in the economy, creating a world where all families can thrive.

Serving as a learning lab, the Target Foundation is committed to enabling shared prosperity and opportunity by upholding equity and inclusion for all communities. Guided by our deep commitment to community, we invest in leaders, organizations, coalitions and networks that expand economic opportunity equitably, enabling communities to determine their own futures. We support strategies that center and elevate the voices, stories and leadership of individuals and communities that have historically been silenced.

The Target Foundation is leaning into trust-based philanthropy to drive systems change, with values rooted in advancing equity, shifting power and building mutually accountable relationships. The Foundation’s capabilities allow it to work toward long-term solutions across complex and interconnected economic issues, grounded in the voices of Black, Indigenous and people of color (BIPOC) as well as Global South communities and organizations.

Building on our legacy of giving in our twin hometowns of Minneapolis and St. Paul, and extending across the U.S. and in emerging economies around the world, we remain committed to listening, learning and building the kinds of relationships with partners that will shift systems to realize a world where joy is for all.

Hometown Racial Equity Grant

Advancing racial equity for underserved and under-resourced communities to enable shared prosperity and opportunity for all.

At Target Foundation, we believe a vibrant and growing economy is only possible when economic opportunities are available to all our neighbors. The Target Foundation is committed to advancing racial equity and shared prosperity in the Twin Cities of Minneapolis and St. Paul and the greater state of Minnesota.

In addition to supporting the overarching Minneapolis-St. Paul philanthropic ecosystem and addressing persistent and immediate community needs, the Target Foundation hometown program concentrates its investments in organizations working to address the specific systemic and structural barriers facing Black communities, Indigenous communities and communities of color. We do this in four priority areas: entrepreneurship and small business, workforce development, housing and asset building.

* Entrepreneurship and Small Business: The Foundation supports entrepreneurship initiatives that address current ecosystem gaps, drive inclusive practices and create access to knowledge, services, networks and capital for entrepreneurs at all stages.
* Workforce Development: The Foundation supports employment and technical training opportunities to ensure the workforce development system operates effectively and connects job seekers and workers with the skills they need to succeed.
* Housing: The Foundation supports efforts that increase housing availability, stability and access — creating pathways to greater opportunity.
* Asset Building: The Foundation supports organizations that improve the asset-building opportunities available to traditionally marginalized communities, especially those that are engaged in work to increase financial inclusion, wealth building and overall financial health.

Why We Care

Target is proud to have called the Twin Cities our home since its founding more than 100 years ago. Our commitment to our hometown region continues to be a signature legacy of the Target Foundation.

The Minneapolis-St. Paul region is home to more than three million people. The region’s assets include the natural beauty of its parks, woods and lakes; a deep, vibrant and robust history of craft, visual arts, music and theater; numerous longstanding international anchor corporations; and widespread and increasing racial, ethnic and cultural diversity.

There are many communities who continue to be at an economic disadvantage despite our region’s thriving job market and strong economy.

Similar patterns can be found across the nation — rising income inequality and persistent racial gaps in health, education, employment, income and wealth preventing all people from realizing their full economic potential. As the demographics of our region continue to shift, the costs of inequality will grow.

However, the Twin Cities not only mirrors what is happening throughout the United States, but in several key areas, our hometown actually fares worse. Recent statistics on home ownership, income inequality, wages, and educational attainment all paint a picture of glaring disparities that could impact the region’s long-term success.

Equalizing economic opportunities for communities of color is not just important for these families and communities but also critical to a vibrant and growing economy, which ultimately benefits all.

Compelled by this data, Target Foundation recognizes that everyone’s future depends on overcoming inequalities and has made racial equity the cornerstone of its hometown program.

Our Desired Outcome

In our hometown program area, the Target Foundation envisions racial equity that enables shared prosperity and opportunity for all. To achieve this vision, the Foundation believes that our hometown region needs:

* A strong frontline of Black-, Indigenous- and people of color-led direct service organizations that are well-resourced, connected and able to serve the most marginalized communities, lifting them out of poverty and into economic vitality.
* Well-coordinated and well-resourced multi-sector networks, coalitions and alliances that are catalyzing economic development in the Twin Cities’ poorest neighborhoods, while displacing no one and leaving no one behind.

Who do we want to impact?

* Black communities, Indigenous communities and other communities of color.
* Historically disinvested communities.
* Individuals with low income.

Funding

Estimated grant size will range from $25,000-$200,000.

Eligibility

_You can learn more about this opportunity by visiting the funder's website._

* To be considered eligible for support, applicants must be registered U.S.-based 501(c)(3) nonprofit organizations in good standing.
* Grants are made only to organizations based in Minnesota, with priority given to organizations based in the Twin Cities' seven-county metro area.

Ineligibility

* The Foundation does not support:

* Grants to individuals
* Religious organizations for religious purposes
* Sponsorships or fundraising events
* Direct political lobbying
* Endowments or capital requests
* Government entities