EIN 41-1784382

Best Buy Foundation

IRS 501(c) type
501(c)(3)
Num. employees
Unknown
Year formed
1995
Most recent tax filings
2022-02-01
NTEE code, primary
Description
The Best Buy Foundation is a corporate foundation supported by Richard Schulze that is located in Richfield, MN. It made $14,454,007 in annual grants last year and holds $19,793,202 in total assets.
Also known as...
Best Buy Childrens Foundation
Total revenues
$22,106,255
2022
Total expenses
$11,712,772
2022
Total assets
$56,998,788
2022
Num. employees
n/a

Who funds Best Buy Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Whirlpool CorporationStratgeic Grant$250,000
The Richard M Schulze Family FoundationHuman Services$100,000
The Richard M Schulze Family FoundationHuman Services$100,000
...and 11 more grants received

Personnel at Best Buy Foundation

NameTitle
Todd HartmanPresident
Mathew WatsonTreasurer

Financials for Best Buy Foundation

RevenuesFYE 02/2022
Total grants, contributions, etc.$22,096,559
Investment income and dividends$9,696
Net rental income$0
Net gain from sale of non-inventory assets$0
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$22,106,255

Form 990s for Best Buy Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-022023-01-12990PFView PDF
2021-022022-01-13990PFView PDF
2020-022021-10-26990PFView PDF
2019-032019-09-09990PFView PDF
2018-032019-03-14990PFView PDF
...and 7 more Form 990s

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The Blackstone Charitable FoundationNew York, NY$22,396,641
Verizon FoundationBasking Ridge, NJ$21,584,016
NiSource Charitable FoundationColumbus, OH$21,322,037
CVS FoundationWoonsocket, RI$57,672,465
Berry Charitable FoundationGreensboro, NC$19,441,279
Data update history
August 19, 2023
Received grants
Identified 15 new grant, including a grant for $250,000 from Whirlpool Corporation
August 8, 2023
Posted financials
Added Form 990PF for fiscal year 2021
June 20, 2023
Posted financials
Added Form 990PF for fiscal year 2022
June 17, 2023
Updated personnel
Identified 1 new personnel
May 14, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Grantmaking organizationsPrivate foundationsCorporate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedNational levelTax deductible donationsNo full-time employees
General information
Address
7601 Penn Ave S c/o Income Tax
Richfield, MN 55423
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
Phone
(612) 291-2318
IRS details
EIN
41-1784382
Fiscal year end
February
Taxreturn type
Form 990-PF
Year formed
1995
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T21: Corporate foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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