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Target Awards Record $14.9 Million Payout to Schools Nationwide

From: ASAP


In its first donation of 2005, the Target Take Charge of Education(R) school fundraising program awarded a record-breaking $14.9 million to schools nationwide. Take Charge of Education dollars are donated to schools twice each year and schools can use the funds for anything they need from technology to books and school supplies to grants. Since the program began in 1997, Target has donated more than $138 million to schools nationwide.

With the Take Charge of Education school fundraising program, families, teachers and members of the community can designate an eligible K-12 school of their choice to receive an amount equal to 1 percent of their Target(R) Visa(R) and Target Card(R) purchases made at Target and Target.com*. Target also donates 0.5 percent of all Target Visa purchases made everywhere Visa credit cards are accepted.

"Schools across the country share wonderful stories with us describing how the Target Take Charge of Education funds have a significant impact on the lives of teachers and students," said Laysha Ward, vice president, community relations, Target. "This record-breaking payout reinforces the positive effect guests can have on their local community by participating in Take Charge of Education."

The Take Charge of Education school fundraising program is part of Target's ongoing support of education. Schools receive Take Charge of Education checks in March and September. Currently, more than 110,000 schools and 9 million Target guests are enrolled in the program.

Cardholders and school representatives can visit http://Target.com/tcoe , call 1-800-316-6142 or log on to a kiosk in any Target store to enroll, change a school designation or check school payout totals. Members of the media may contact Kim Sundy at (952) 851-7241 to learn more about money designated for local area schools.

About Target

Minneapolis-based Target serves guests at 1,330 stores in 47 states nationwide by delivering today's best retail trends at affordable prices. Whether visiting a Target store or shopping online at Target.com, guests enjoy a fun and convenient shopping experience with access to thousands of unique and highly differentiated items. Target (NYSE: TGT) gives back more than $2 million a week to its local communities through grants and special programs. Since opening its first store in 1962, Target has partnered with nonprofit organizations, guests and team members to help meet community needs.

*Subject to Take Charge of Education program rules. Target Visa and Target Card are credit cards issued by Target National Bank, an affiliate of Target Stores. Subject to credit approval.

Posted March 2005

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