Open Foundations · Minnesota

Target Foundation

Minneapolis, Minnesota · EIN 416017088. Its Form 990-PF says giving is not restricted to organizations picked in advance, which is how a private foundation files that it accepts unsolicited requests. It paid $23.1M across 125 grants in 2024, a median of $100K each.

All Minnesota foundations · All states

$23.1M
paid in 2024
125
grants paid
$100K
median grant
22%
to first-time recipients
$73.9M
assets on file

How to apply, as filed

Straight off Part XV of the return. Where the foundation left a line blank, this says so rather than guessing.

Send requests to
TARGET FOUNDATION
Address
PO BOX 1455, MINNEAPOLIS, MN, 55440
Phone
6127619219
Email
Not stated in the filing
Form the request should take
SEE OUR FOCUS AREAS AT: HTTPS://CORPORATE.TARGET.COM/SUSTAINABILITY-GOVERNANCE/TARGET-FOUNDATION
Submission deadline
SEE OUR FOCUS AREAS AT WEB ADDRESS ABOVE
Restrictions on awards
SEE OUR FOCUS AREAS AT WEB ADDRESS ABOVE

As filed on the Form 990-PF for tax year 2024, IRS filing object id 202513459349100001. Printed word for word, including the entries that only say to see a website or an attachment.

What it funds, in its own words

The words that come up most often across the purposes it wrote on its 2024 grants. These are the foundation's own words, not a category we assigned.

economic opportunityopportunity hometownopportunity nationalhometown ecosystemopportunity global

Biggest grants in 2024

The 15 largest of the 125 grants paid in 2024, with the purpose the foundation wrote for each.

#RecipientStateAmountPurpose as filed
1Caf AmericaVA$1,000,000ECONOMIC OPPORTUNITY - GLOBAL
2Co-impact Philanthropic Funds IncNY$1,000,000ECONOMIC OPPORTUNITY - GLOBAL
3Issara Institute IncWA$1,000,000ECONOMIC OPPORTUNITY - GLOBAL
4Peoples Courage International IncDC$1,000,000ECONOMIC OPPORTUNITY - GLOBAL
5The Acumen Fund IncNY$1,000,000ECONOMIC OPPORTUNITY - GLOBAL
6Common FutureCA$750,000ECONOMIC OPPORTUNITY - NATIONAL
7First Nations Development InstituteCO$750,000ECONOMIC OPPORTUNITY - NATIONAL
8PolicylinkCA$600,000ECONOMIC OPPORTUNITY - NATIONAL (ECOSYSTEM)
9Earn IncCA$500,000ECONOMIC OPPORTUNITY - NATIONAL
10Mission Asset FundCA$500,000ECONOMIC OPPORTUNITY - NATIONAL
11Neighborhood Trust Financial PartnersNY$500,000ECONOMIC OPPORTUNITY - NATIONAL
12Prosperity NowDC$500,000ECONOMIC OPPORTUNITY - NATIONAL
13Caf AmericaVA$300,000ECONOMIC OPPORTUNITY - GLOBAL
14Chapel & York Foundation IncNY$300,000ECONOMIC OPPORTUNITY - GLOBAL (ECOSYSTEM)
15Fund for the City of New York IncNY$300,000ECONOMIC OPPORTUNITY - GLOBAL (ECOSYSTEM)

Giving by year, and who received it

Grants paid by year

Every year of this foundation's grants that Civly holds
Tax yearGrantsPaid
2020312$28.6M
2021265$23.5M
2022143$25.0M
2023137$27.2M
2024125$23.1M

Where the money went

Share of 2024 grant dollars by recipient state
Minnesota78%
New York6%
California4%
Virginia2%
District of Columbia2%

Who decides

Officers, directors and trustees as filed, with the year of the return they appeared on.

Amanda VelaTRUSTEE (BEG 05/24) · 2024
Bill FoudyTRUSTEE · 2024
Dave DonlinSECRETARY · 2024
Dexter NewmanTRUSTEE · 2024
Janine BrownASSISTANT TREASURER · 2024
Kiera FernandezPRESIDENT & CHAIR · 2024
Pam TomczikTREASURER · 2024
Sousan OrtegaTRUSTEE (BEG 03/24) · 2024

Every figure on this page is that foundation's own latest filed year, which is 2022 or later. This foundation is listed because its Form 990-PF says it does not restrict giving to preselected organizations and it paid at least 5 grants totaling $100K or more that year. Latest-year grants and terms per foundation from IRS 990-PF e-file returns; the newest tax year is partial until the IRS finishes releasing it. Grants are de-duplicated on funder, year, recipient and amount, so identical repeat grants collapse into one and totals can run low. Full method.

Source: IRS Form 990-PF e-file releases (public domain). Analysis: Civly.

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