Best Buy Foundation | Foundation Profile
GrantBay analyzes IRS Form 990-PF data to help grant seekers find fit funders like Best Buy Foundation. Data shown is extracted from Form 990-PF filings.
EIN: 41-1784382
1 Active GrantFoundation Overview
Based in Richfield, MN, Best Buy Foundation has awarded 8 grants totaling $101,963,822 to organizations in Minnesota. Individual grants range from $9,799,207 to $17,830,197, with a median award of $13,163,536.
Latest Form 990-PF Snapshot
Foundation Intelligence
Advanced analytics and strategic insights to help nonprofit organizations assess grant opportunities and optimize their application strategies
New Applicant Friendliness
1 total grant. Insufficient data for reliable pattern analysis. Foundation may be highly selective or recently established.
Geographic Focus
100% of all grants are concentrated in Minnesota, demonstrating highly focused geographic giving. This foundation prioritizes deep community impact in its primary service area. Within Minnesota, funding concentrates in Richfield (100%).
Funding Trajectory
Strong 58% growth in annual giving over 4 years indicates expanding philanthropic capacity and increasing opportunities for grant seekers. This upward trajectory suggests growing foundation resources and commitment.
Program Areas
Dual focus on community projects (67%) and general purposes, indicating strategic concentration in complementary program areas.
Where is The Money Going?
Grants & Funding
Analyzing past grantees provides valuable insights into Best Buy Foundation's funding preferences, organizational priorities, and grant making patterns. This historical data helps potential applicants understand the foundation's strategic focus and identify successful funding approaches.
| Name | Amount | Location | Purpose | Year |
|---|---|---|---|---|
| See Attached Statement 3a | $17,830,197 | Richfield, MN, US | Supporting Communitiies | 2024 |
| See Attached Statement 3a | $13,458,232 | Richfield, MN, US | Supporting Communitiies | 2023 |
| See Attached Statement 3a | $13,458,232 | Richfield, MN, US | Supporting Communitiies | 2023 |
| Statement 3a | $13,163,536 | Richfield, MN, US | Supporting Communitiies | 2022 |
| Statement 3a | $13,163,536 | Richfield, MN, US | Supporting Communitiies | 2022 |
| Statement 3a | $9,799,207 | Richfield, MN, US | Supporting Communitiies | 2021 |
| Statement 3a | $9,799,207 | Richfield, MN, US | Supporting Communitiies | 2021 |
| Statement 3a | $11,291,675 | Richfield, MN, US | Statement 3a | 2020 |
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Foundations Similar to Best Buy Foundation
Discover 5 foundations with comparable assets ($49,986,961-$66,812,507), similar grant patterns, and geographic focus in MN that may also align with your organization's funding needs and grant seeking strategy.
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|---|---|---|---|---|
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Friedman Family Foundation
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$66,812,507
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The Thirteen Foundation
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$51,158,792
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Ag Foundation
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Related Foundation Resources in MN:
Contact Information
Official contact details for Best Buy Foundation as registered with the IRS. These details are essential for grant applications, correspondence, and due diligence processes.
| EIN | 41-1784382 |
| Website | http://www.bestbuyfoundation.org |
| Address | 7601 PENN AVE SOUTH C/O INCOME TAX Richfield, MN 55423-8500 |
Key People (16)
Board members, trustees, and key staff who oversee Best Buy Foundation's grant making decisions and strategic direction. Understanding leadership composition can provide insights into foundation priorities and potential networking opportunities.
| President | Todd Hartman |
|---|---|
| Secretary | Molly Kinsella |
| Treasurer | Mat Watson |
| Trustee | Corie Barry |
| Trustee | Jason Bonfig |
Forms 990-PF
IRS Form 990-PF filings provide comprehensive financial information, grant details, and operational data. These documents are essential resources for understanding foundation capacity, giving patterns, and strategic priorities.
Form 990-PF Research Tips
- Review Part XV for detailed grant recipient information and funding purposes
- Check Part I for total assets, annual giving amounts, and payout requirements
- Examine Part VIII for key personnel compensation and board structure
- Look for trends across multiple years to understand giving patterns
About This Foundation Profile
This comprehensive foundation profile for Best Buy Foundation is powered by Grant Bay's advanced foundation research platform. Our system analyzes IRS Form 990-PF filings, grant histories, and philanthropic patterns to provide nonprofit organizations with actionable intelligence for grant seeking success.
Data Sources & Accuracy
All information is derived from official IRS filings and public records. Grant Bay processes thousands of Form 990-PF documents to extract grant details, financial data, and organizational information. Data accuracy depends on foundation reporting quality and IRS filing completeness.
Research Applications
Use this profile for prospect research, grant strategy development, application preparation, and relationship building. Combine this data with additional research on foundation priorities, application processes, and board member backgrounds for comprehensive grant seeking strategies.