THE RICHARD M SCHULZE FAMILY FOUNDATION
Annual Giving
$47.9M+17% YoY
Grants
1,431
Median Grant
$5K
Organizations Funded
1,147
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Foundation Overview
Mission
The Schulze Family Foundation was established by Dick Schulze, founder of Best Buy, to improve the lives of others, particularly U.S. middle- and working-class families, through results-oriented investments in human & social services, education, and health & medical care with special focus on seven counties in Minnesota and five counties in Florida.
Focus Areas
Funded Initiatives
Spring 2024: $5M commitment to Mayo Clinic for AI educational materials development over five years. $295M commitment to Naples Community Health for cardiovascular and stroke center. 12 Hope Lodges bearing Schulze name for cancer patient lodging. Annual impact on 300-400 nonprofits, 400+ college scholars, 200+ preschool families. Board announced $79M in grants for 2023.
How to Apply
Two-step process: submit LOI during open cycles (Spring/Fall), complete eligibility questionnaire, if invited proceed to full application via online portal. Review process takes about 6 months including site visits and board decisions.
Does Not Fund
Geographic limitations to 7 Minnesota counties and 5 Florida counties with some exceptions. Organizations may apply only once per year. Must have 501(c)(3) status and serve working/middle-class families. Specific exclusions referenced but not detailed in search results.
Based on publicly available information from the foundation's 990 filings and website.
Giving History
$47.9M
Grants
1,431
Median
$5K
States
48
$41.0M
Grants
1,550
Median
$5K
States
49
$47.9M
Grants
1,513
Median
$5K
States
46
Grant Size Distribution
$5K
Typical Grant (Median)
$50
Smallest
$3K
25th Pctile
$10K
75th Pctile
$10.0M
Largest
Excludes grants ≤ $5K. Half fall between $3K and $10K.
Largest Recent Grants
$10.0M
2024
AMERICAN CANCER SOCIETY
MN · HEALTH
$3.0M
2024
MOFFITT CANCER CENTER FOUNDATION
FL · HEALTH
$1.9M
2024
CATHOLIC SCHOOLS CENTER OF EXCELLENCE
MN · EDUCATION
$1.3M
2024
UNIV OF ST THOMAS
MN · EDUCATION
$1.1M
2024
CATHOLIC SCHOOLS CENTER OF EXCELLENCE
MN · EDUCATION
Geographic Focus
Top states by total grant dollars. Based on IRS filing data.
Financial Overview
Grants paid shown as percentage of total assets
Data sourced from IRS 990 and 990-PF filings and publicly available foundation websites. Grant data, financial figures, and organizational details reflect historical filings and may not represent current operations or funding priorities. Verify directly with the foundation before applying. See an issue? Let us know.