New direction for Schulze foundation could make it among state's largest

  • Updated: June 18, 2013 - 12:09 AM

With about $1 billion eventually from his Best Buy fortune, the Richard M. Schulze Family Foundation would be among Minnesota’s five largest foundations.

Minnesota’s largest foundations by total assets:

• McKnight Foundation $1.982 billion

• Margaret A. Cargill Foundation $1.968 billion

• St. Paul and Minnesota Community Foundation $879.8 million

• Otto Bremer Foundation $761.1 million

• Bush Foundation $740 million

Source: Minnesota Council on Foundations, October 2012

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