How much money does Target give to charity each year?

charity money target year
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How much money does Target give to charity each year?

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Target Corporation is consistently ranked as one of the most philanthropic companies in the country. It ranked #11 in Fortune Magazine’s “Top 20 Most Admired Companies” for 2007, largely in part to the donation efforts of the company as a whole. According to a November 2005 Forbes article, it ranked as the highest cash-giving company in America in percentage of income given (2.1%). Target donates around 5 percent of its pre-tax operating profit; it gives over $3 million a week (up from $2 million in years prior) to the communities in which it operates. It also gives a percentage of charges from its Target Visa to schools designated by the cardholders. To date, Target has given over $150 million to schools across the United States through this program. Target’s corporate by-laws state it must give 5 percent of its pre-tax profits to charity. Further evidence of Target’s philanthropy can be found in the Target House complex in Memphis, Tennessee, a long-term housing solution for families

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