National Foundation Programs

Target is proud to serve guests in all 50 states, and we’re dedicated to the long-term success of communities across the country. As the challenges and opportunities facing today’s workforce continue to evolve, we’re taking action to help our neighbors grow and thrive. That’s why the Target Foundation is committed to building financial stability and economic opportunity for working people and their families in a rapidly changing economy.

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Grants and initiatives

The Target Foundation prioritizes investments that explicitly center equity, with a focus on organizations working to address the specific systemic and structural barriers facing Black communities, Indigenous communities and other communities of color.

Through our national program, the Target Foundation invests in organizations that serve communities with programs focused on:

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The changing nature of work

Equipping individuals with limited income with the support, resources and opportunities for mobility needed to achieve their full potential in a rapidly changing economy.

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Financial resilience and inclusion

Supporting low-income workers and families in attaining financial stability and security, imbuing a sense of self-efficacy, control and dignity over their financial lives.

Eligibility

Investments through this program are made by invitation only. However, we recognize there is great work being done by organizations that may be unfamiliar to our team. If you believe your work aligns with our commitment and would like us to know about it, please share more about your organization and programs via a National General Information Form. Thank you!

National grantee spotlight

Common Future

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“Target Foundation’s general operating funding supports Common Future in designing, co-creating, investing and influencing new economic models and systems with our network of 300+ community partners. For community-led solutions to thrive, there needs to be spaciousness in designing and collaborating with the community partners themselves. This critical pre-work, infrastructure work, functions as R&D for programmatic innovation. Target Foundation’s support helps Common Future to continue remaining agile and responsive to community needs by buffering support towards programmatic innovation.”

RAKIBA KIBRIA DIRECTOR OF REVENUE, COMMON FUTURES 

 

We’re proud to support Common Future, and its mission to equip local economy leaders, funders, investors, and policymakers with the relationships, knowledge, and resources needed to build economically empowered communities. It imagines a future where people, no matter their race or ethnicity have power, choice, and ownership over the economy.    

The organization serves a unique intermediary position that works as a platform to drive attention and investment to wealth-building solutions created by, for, and with BIPOC leaders and other marginalized communities. Common Future has an expansive network of 300+ community partners that focus on issues such as democratizing capital; increasing access to capital for entrepreneurs and business owners of color; creating the equitable development of rural economies; supporting Indigenous entrepreneurship and women-owned small business enterprises; building and transitioning cooperative enterprises; community land ownership; and sustainable agriculture and food systems.   

At the heart of Common Future’s work is the recognition that autonomy, agency, and resources should be given to communities closest to the problems to self-determine their solutions.  

The Target Foundation’s general operating grant is being used to support two strategic areas of the organization’s work:    

  • Incubate & Co-create Solutions: Common Future works with BIPOC community wealth builders to bring to life nascent solutions that need operational, technological, financial, and investment support to become field defining initiatives that can redefine economic power for the most marginalized. Two such initiatives are (1) Revenue Based Financing pilot for Black entrepreneur support organizations in which investment to be returned is based on income and not predatory terms; (2) a national Community-Owned Real Estate fund — call the Reclamation Fund — to provide acquisition capital funding to community organizations to purchase real estate in their locales often dominated by for-profit developers and investors.   
  • Enterprise Development: The complex needs of communities must be met with systems-level solutions. Common Future is focused on efforts to grow its organizational infrastructure alongside that of community partners’ in a manner that helps to build power, choice, and ownership over the economy. This is evinced by the technical assistance Common Future provides most of the community partners it engages in program design and discovery calls.”