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Updated statement from Target Corp. (Dec. 2003)

TARGET CORPORATION SUPPORTS VETERANS

~ Company is not foreign-owned ~

Since 2002, Target has been the victim of a misleading e-mail campaign. This e-mail campaign grossly misrepresents our support of veterans and our soldiers. In fact, the author of the original e-mail recently contacted Target to express his regret for sending the initial e-mail in 2002 and to share his concern about the false information being attributed to him. Unfortunately, due to the nature of the Internet and e-mail communication, the original e-mail has been repeatedly and inaccurately modified and perpetuated by unknown writers.

The National Veterans of Foreign Wars posted a press release on their Web site on December 6, 2002 to help clarify this issue and show their support of Target at http://www.vfw.org/news/target.htm

Target Corporation is a publicly held U.S. company (NYSE: TGT). The company has been based in Minneapolis, Minnesota ever since its founding as The Dayton Company by businessman George Dayton in 1902. Target is not now, nor has it ever been, foreign-owned.

Our company has supported many charitable causes throughout our history, including veterans' organizations. For years, Target has donated funds and volunteer hours to local and national veteran and military organizations around the country.

National Charitable Giving Examples:

  • World War II Memorial
  • "The Wall that Heals" 2003 National Tour, a Vietnam Veterans Memorial Fund outreach initiative that honors our veterans and has a strong educational component for schools. For more information, please visit the Web site at http://www.vvmf.org/index.cfm?SectionID=3.
  • American Red Cross Armed Forces Emergency Services

In addition to supporting veteran and military organizations on a national scale, we also support local organizations.

Local Charitable Giving Examples

  • Yankee Air Force Museum in Ypsilanti, Michigan
  • Hays County Veterans in San Marcos, Texas
  • Kenny Nickelson Memorial Foundation for Homeless Veterans in Manhattan Beach, California

Reservist Benefits:

Target Corporation is proud to count many veterans and military reservists among its more than 300,000 team members nationwide. To help support these team members, Target Corporation provides benefits for activated reservists, including pay differential, that surpass the benefits required by law. The Reserve Officers Association has recognized our company for these benefits, and the National Committee for Employer Support of the Guard and Reserve also lists Target on their Web site at http://www.esgr.org/employers/outstandingEmployers.asp. Target team members who are activated for military service and were participating in optional dependent coverage at the time of their deployment are eligible to continue these benefits if they choose. Target Corporation also allows any Target team member to continue benefits as provided by the 1986 Consolidated Omnibus Budget Reconciliation Act (COBRA).

Giving Policy:

Target gives to diverse causes that reflect all types of guests in a wide variety of communities. While every cause is worthy, Target receives thousands of grant requests every year and unfortunately, we are unable to grant funds or partner with every organization. For more information that describes the guidelines and the application process, visit any Target store and ask for the grants brochure or go to target.com and click on "Community Giving."

Marines Toys for Tots:

Target greatly respects the good work of the Toys for Tots program and all the volunteers who make this program a success every year. Target has a longstanding policy of no-solicitation by any group or organization at our stores. This policy includes the use of our store locations as collection or drop off sites for any type of activity. The only organization that we currently allow to solicit at our stores during the holiday season is the Salvation Army, due to our longstanding relationship with this organization.

Target Corporation wholeheartedly supports U.S. veterans, reservists and active duty personnel. We are proud of our record and remain committed to continuing support of veterans' organizations as part of our overall charitable giving program.

Aimee Sands
Target Media Relations
1000 Nicollet Mall TPS 2697
Minneapolis, MN 55403


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