Best Buy Foundation
Best Buy Foundation is a private foundation, based in Richfield, MN. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $59.2M in total assets. In 2025, it awarded 1 grant totaling $17.8M. Net investment income was $2.7M.
Best Buy Foundation at a glance
In short: Best Buy Foundation gave $17.8M across 1 grant in 2025 (avg $17.8M), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $17,830,197
- +32.5% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $17,830,197
- +32.5% vs 2024
- Median grant
- $17,830,197
- Total assets
- $59,200,002
- -2.9% vs 2024
- Primary geography
- Minnesota (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Best Buy Foundation
Open Grants
7 open opportunities from Best Buy Foundation
Best Buy Teen Tech Center - Career Pathways Technical Skills Program RFP
Best Buy Foundation
Amount
Varies
Deadline
Deadline not published
Best Buy Teen Tech Center - Mini Tech Skills Workshop Grant
Best Buy Foundation
Amount
Up to US $24,999
Deadline
Deadline not published
Seattle Fund Grant
Best Buy Foundation
Amount
Varies
Deadline
Deadline not published
Who Best Buy Foundation funds
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was $5M or more: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Best Buy Foundation gives
- Giving grew 82% from 2022 to 2025. Method
- In 2025 it paid out 701% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $9.8M (2022) to $17.8M (2025). In 2025 it made 1 grant totaling $17.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| See Attached Statement 3A Richfield, MN | Supporting communitiies | $17,830,197 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $59,200,002 | $22,415,219 | $23,875,409 | $17,830,197 | 1 | $18,330,044 | $2,685,409 | $2,615,006 |
| 2024 | $60,966,711 | $22,277,118 | $19,794,606 | $13,458,232 | 1 | $13,660,805 | $2,861,054 | $2,682,314 |
| 2023 | $58,329,256 | $19,991,487 | $18,750,480 | $13,163,536 | 1 | $13,984,444 | $1,122,559 | $2,626,971 |
| 2022 | $56,998,788 | $22,106,255 | $11,712,772 | $9,799,207 | 1 | $10,617,973 | $9,696 | $2,315,710 |
| 2021 | $46,562,122 | $47,345,954 | $12,270,478 | $11,291,675 | 1 | — | $6,226 | $1,276,771 |
Under IRS private-foundation payout rules, Best Buy Foundation reported a distributable amount of $2.6M for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Best Buy Foundation is led by Todd Hartman, President on the 2025 filing; none of the 16 officers listed in 2025 report compensation.
Officers on the 2025 filing
Todd Hartman
President
New on the 2025 filing
No compensation reported
Amelia Hardy
Trustee
New on the 2025 filing
No compensation reported
Chemu Lang'at
Trustee
New on the 2025 filing
No compensation reported
Corie Barry
Trustee
New on the 2025 filing
No compensation reported
David Garcia
Trustee
New on the 2025 filing
No compensation reported
Jason Bonfig
Trustee
New on the 2025 filing
No compensation reported
Jeff Haydock
Trustee
New on the 2025 filing
No compensation reported
Jennie Weber
Trustee
New on the 2025 filing
No compensation reported
Kamy Scarlett
Trustee
New on the 2025 filing
No compensation reported
Mark Irvin
Trustee
New on the 2025 filing
No compensation reported
Meghan Condon
Trustee
New on the 2025 filing
No compensation reported
Melanie Cornell
Trustee
New on the 2025 filing
No compensation reported
Patrick McIntyre
Trustee
New on the 2025 filing
No compensation reported
Polly Tracey
Trustee
New on the 2025 filing
No compensation reported
Mat Watson
Treasurer
New on the 2025 filing
No compensation reported
Molly Kinsella
Secretary
New on the 2025 filing
No compensation reported
Former officers (1)
- Former: STATEMENT 4a (2021–2023) — President
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Best Buy Foundation
How much does Best Buy Foundation give each year?
Best Buy Foundation gave $17.8M across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $13.5M across 1 grant.
How large is Best Buy Foundation?
Best Buy Foundation reported $59.2M in total assets on its 2025 IRS Form 990-PF. It paid out $18.3M in qualifying distributions that year, against a required minimum of $2.6M (roughly 5% of its investment assets).
Where does Best Buy Foundation operate?
Best Buy Foundation has awarded grants in Minnesota.
What is Best Buy Foundation's EIN?
Best Buy Foundation's EIN (Employer Identification Number) is 41-1784382. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS January 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS January 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 25, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS December 12, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS December 17, 2025)
- IRS filings on file for fiscal years 2021–2025
Live grants for the work Best Buy Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Best Buy Foundation's focus areas in our free grants database
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Figures come from Best Buy Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Best Buy Foundation down — hundreds of funders to go?