OVERVIEW: The Best Buy Foundation prioritizes 21st-century, technology-based learning for teenagers.
IP TAKE: The Best Buy Foundation funds both national and community organizations that teach technology skills to teens. While the foundation recognizes many ways to provide these skills, including arts-related and multi-disciplinary approaches, its priority is STEM education. However, grantseekers should make sure their organization and program work is within 50 miles of a Best Buy location.
PROFILE: The Best Buy Foundation is the philanthropic branch of the consumer electronics big box store, Best Buy Co., Inc. It seeks to “open the door to opportunity with technology training and tools that transform underserved teens from consumers to creators – a new generation of engineers, entrepreneurs, teachers, designers and dreamers.” The foundation funds national and community grants and a grant exclusive to Minneapolis.
Best Buy’s National Grants provide awards typically in the $100,000 - $200,000 range to organizations whose work spans multiple cities. The foundation “prefers” those cities to include Atlanta, Chicago, Dallas, Denver, Los Angeles, Jersey City, New York, Miami, Minneapolis/St. Paul, San Antonio, San Francisco/Bay area, Seattle, Washington D.C. and others within 50 miles of a Best Buy location. Eligible organizations are 501(c)(3)s with established out-of-school time programming, or programming with a “proven track record” serving teenagers. Funds are only for program support, not general operating costs. New grantseekers should consult Best Buy’s Eligibility Quiz to determine whether they qualify.
Community Grants go to nonprofits working locally and regionally. Amounts are much smaller and average between $5,000 and $10,000. Eligible organizations must be a public or nonprofit community-based organization. (The foundation cites community centers, schools and libraries as examples.) Again, organizations and program work must occur within 50 miles of a Best Buy location, and funds are only for program support, not general operating costs. The Community Grants Eligibility Quiz is here.
Through its Twin Cities Fund, the foundation provides a community grant exclusively for Minneapolis, the location of Best Buy’s corporate headquarters.
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