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