The Target Foundation, rooted in over 100 years of history since its inception as The Dayton Foundation, is committed to the prosperity of communities worldwide. It aims to empower families and communities by removing structural barriers to economic opportunity and stability, fostering equity, and promoting empowerment that uplifts communities. With a focus on trust-based philanthropy to drive systemic change, the Foundation supports efforts that elevate traditionally marginalized voices and invest in strategies for shared prosperity and opportunity. It is dedicated to listening and learning to build effective partnerships that can address complex and interconnected economic challenges, with an emphasis on advancing equity, shifting power, and building mutually accountable relationships.
The Hometown Racial Equity Grant by the Target Foundation aims to advance racial equity and shared prosperity in Minnesota, particularly in the Twin Cities of Minneapolis and St. Paul. The grant supports organizations combating systemic and structural barriers affecting Black, Indigenous, and communities of color in four priority areas: entrepreneurship and small business, workforce development, housing, and asset building. These efforts are part of the foundation's larger commitment to fostering an inclusive economy and supporting marginalized communities through financial inclusion, wealth building, and enhancing overall financial health. Grants range from $25,000 to $200,000, targeted at initiatives that can make significant impacts on racial equity and economic opportunity.
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