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Best Buy Foundation is a private corporation based in RICHFIELD, MN. The foundation received its IRS ruling in 1995. The principal officer is Mat Watson. It holds total assets of $59.2M. Annual income is reported at $22.4M. Total assets have grown from $984K in 2010 to $61M in 2023. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2021 to 2024. According to available records, Best Buy Foundation has made 2 grants totaling $19.6M, with a median grant of $9.8M. Grant recipients are concentrated in Minnesota. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Best Buy Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 2 grants. Its grantmaking reaches organizations primarily in MN.
Best Buy Foundation has distributed a total of $19.6M across 2 grants. The median grant size is $9.8M, with an average of $9.8M. Individual grants have ranged from $9.8M to $9.8M.
The application deadline is Statement 5a. Please see attached Statement 5a.
Best Buy Foundation is headquartered in RICHFIELD, MN.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| See Attached Statement 4a | President | $0 | $0 | N/A |
Total Giving
$19.8M
Total Assets
$61M
Fair Market Value
$61M
Net Worth
$60.6M
Grants Paid
$13.5M
Contributions
$19.4M
Net Investment Income
$2.9M
Distribution Amount
$2.7M
Total Grants
2
Total Giving
$19.6M
Average Grant
$9.8M
Median Grant
$9.8M
Unique Recipients
1
Most Common Grant
$9.8M
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Statement 3aSupporting communitiies | Richfield, MN | $9.8M | 2022 |