Borders Group Inc.
100 Phoenix Drive
Ann Arbor, MI 48108
April 19, 2010
Joseph Saunders
Chief Executive Officer
Visa Inc.
PO Box 8999
San Francisco, CA 94128-8999
The following proposal has been prepared by Borders Group Inc. and contains information about Borders current family promotional campaign, "Bringing Families Together". It incorporates Borders promotional needs and the benefits to the Visa Company as a supporter.
In an effort to promote Borders vision of creating richer, more satisfying lives through knowledge and entertainment we'd like to launch our Bringing Families Together campaign. With the wide variety of material that Borders offers, it is our goal to have something for every member of the family. With children's books, magazines, romance novels, sports literature, music of all kinds, and our coffee, we hope to make everyone's Borders experience a successful and positive one.
Visa has a corporate responsibility to "recognizes the importance of supporting the local communities and neighborhoods in which we all live and work. They do this by partnering with organizations…that make a difference in improving our communities." Supporting our "Bringing Families Together" campaign will help further Visa's contribution in sustaining local neighborhoods and communities.
Borders Group Inc. is proposing the creation of a Borders Visa card that will allow users to earn points based on the amount of money they spend on books at Borders. Visa will receive two percent of all the sales made with the Borders Visa card. Customers will be earning points towards a free six day five night family vacation. Borders Group Inc. wants to encourage family members to spend time together through learning and reading and offer the family vacation as a stepping stone in the right direction.
Borders Group Inc. is on a mission to promote the importance of "family time" in the United States and we propose that Visa Company, the most recognized financial services brand in the world, donate $25 million to the Borders "Bringing Families Together" campaign. The donated amount will go towards the creation, design, and marketing of the Borders Visa card as well as the advertisements, press releases, and other media outlets for the Borders family campaign.