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
![Attendees of Frostbike made their way through the convention Saturday at the Quality Bike Products campus in Minneapolis. ] (AARON LAVINSKY/STAR TRIBUNE) aaron.lavinsky@startribune.com Frostbike 2016 was held at the Quality Bike Products Campus on Saturday, Feb. 27, 2016 in Bloomington, Minn.](https://arc.stimg.co/startribunemedia/NH2BSHB74ND2V6GF2G2HI5X4MM.jpg?&w=252&ar=3:2&fit=crop)
