|[April 23, 2012]
Target Plans to Give More Than $12 Million to Support Education
MINNEAPOLIS --(Business Wire)--
Corp. (NYSE:TGT) announces plans to impact 150 elementary schools
through its 2012 Target
School Library Makeover program. The retailer will renovate
libraries at 32
elementary schools and revisit each of the 118 schools that
previously received a Target (News - Alert) School Library Makeover to provide
additional reading resources for students and teachers. This initiative
represents an investment of more than $12 million and is part of
Target's plans to give $1 billion for education by the end of 2015.
"At Target, we understand that a quality education can empower and
prepare children to become the leaders of tomorrow," said Laysha Ward,
president, community relations, Target. "Through the Target School
Library Makeover program and collaboration with partners, educators,
parents and caring adults, Target hopes to pave a path to graduation for
more U.S. children."
Target willrenovate the 32 elementary school libraries in partnership
Heart of America Foundation. Each of the remodeled spaces will
feature 2,000 new books, furniture, carpet and shelves, and a complete
technology upgrade including new iPads. To nurture a love of reading
beyond the classroom, each student will also receive seven new books to
The makeovers will leverage the pro bono work of Target's design and
construction teams, along with the support of thousands of Target team
member volunteers. In an effort to combat hunger and its impact on
learning, schools will have the option to receive a Target Meals for
Minds food pantry. In partnership with local Feeding America affiliates,
schools will receive monthly distributions of fresh produce and staple
foods for students and their families.
In addition to transforming 32 elementary school libraries, Target will
show its continued support of the program's previous library
makeover recipients. Target plans to provide $1.5 million in reading
grants to more than 100 of these alumni schools. The remaining schools
will benefit from a literacy pilot that Target is launching in Los
Angeles and Washington, D.C. school districts. These districts were
chosen based on in-depth research from third-party experts. The literacy
program is an addition to a pilot that was launched at six Minneapolis
elementary schools in 2011 and is focused on improving reading
proficiency by the end of third grade.
By committing financial resources and the time, talent and expertise of
its more than 365,000 team members, Target is doing its part to address
the education crisis in America and build strong communities. Target's
financial commitment is just one way the company is helping more U.S.
children get or stay on the path to high school graduation.
Minneapolis-based Target Corporation (NYSE:TGT) serves guests at 1,765
stores across the United States and at Target.com. The company plans to
open its first stores in Canada in 2013. In addition, the company
operates a credit card segment that offers branded proprietary credit
card products. Since 1946, Target has given 5 percent of its income
through community grants and programs; today, that giving equals more
than $3 million a week. For more information about Target's commitment
to corporate responsibility, visit Target.com/hereforgood.
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