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