According to Forbes.com, Target is the most philanthropic corporation in America[1]. In 2001, Target made cash donations to various recipients totaling $85.8 million or 2.51% of its entire revenue from the previous year. In 2004, Target donated 2.1% of its revenue to charities and organizations which totaled $88.8 million[2]. In 1992, Target put a lot of its donation money to work in family oriented charitable causes, the largest of which was the United Way[3]. Target also donates around $15 million to schools nationwide. Another way that Target helps make money for philanthropic causes is by encouraging its employees to donate money to certain charities or organizations which the company matches 100%. Target has also been known to throw some of its donation money towards helping preserve the environment. Target has, for the past twenty years or so, been a major source of financial assistance for many charities and organizations. They have helped with education, the environment, as well as family issues. If more companies donated money like Target does, America could possibly find the solutions to many of its problems.
[1] Weinberg, Ari. “America’s Most Philanthropic Corporations.” Forbes.com. Forbes. 25 November 2002. Web. 26 January 2011.
[2] Moyer, Liz. “The Most Charitable Companies.” Forbes.com. Forbes. 14 November 2005. Web. 26 January 2011.
[3] Hisey, Pete. “Target gives to family causes - Dayton Hudson Corp. Target Stores charitable contributions - Staying On Target.” Findarticles.com. BNET – The CBS Interactive Business Network. 20 April 1992. Web. 26 January 2011.
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