The Richard M. Schulze Family Foundation Commits $5 Million in Matching Gift to Children’s Minnesota’s Family Needs

Best Buy ^TM founder’s family foundation hopes to inspire additional giving to Children’s Minnesota.

MINNEAPOLIS & ST. PAUL, Minn.--(BUSINESS WIRE)--Children’s Minnesota is thrilled to announce the Richard M. Schulze Family Foundation has committed a $5 million matching gift to the health system’s family needs program. This is the largest gift the Richard M. Schulze Family Foundation has donated to Children’s Minnesota. The Richard M. Schulze Family Foundation gift happens now through Dec. 31, 2026, matching donations to the Children’s Minnesota Together for Families Fund.

"At Children’s Minnesota, our every day is often a family’s once in a lifetime. That is why it is so important that we go beyond exceptional medical care and provide essential wraparound services for the whole family,” said Jenny Soderholm, president of the Children’s Minnesota Foundation. “We’re incredibly honored by the generosity of the Richard M. Schulze Family Foundation in matching all gifts to the Together for Families Fund to support our wraparound services. A challenge like this not only inspires our broader generous donor community but gives us an opportunity to share why these funds are so necessary.”

Learn more about Children’s Minnesota wrap around services.

This match supports families in several ways. Every donation to the Children’s Minnesota Together for Families Fund, matched by the Richard M. Schulze Family Foundation, helps families access care with dignity. Gifts to the fund allow Children’s Minnesota to:

• Provide financial assistance to families facing hardships during medical crises. This includes providing meals, hotel stays, transportation services, housing support and more.
• Offer essential wraparound care like music and art therapy, social workers, child life specialists, medical dogs, grief support and spiritual care – services that help families cope with hospitalization or treatment but never show up on a patient’s bill.

“Our foundation is honored to support Children’s Minnesota as they continue to care for children across our region,” said Mark Dienhart, president and CEO of the Richard M. Schulze Family Foundation. “Part of our foundation’s mission is to strengthen and support effective initiatives in health care. Helping fund these family needs is a critical part of this mission.”

About Children’s Minnesota

Children’s Minnesota is one of the largest pediatric health systems in the United States and the only one in Minnesota devoted exclusively to children, from before birth through young adulthood. An independent and not-for-profit system for more than 100 years, Children’s Minnesota offers more than 60 pediatric specialties through its two hospitals, multiple specialty centers and clinics throughout the metro area. The Kid Experts^® at Children’s Minnesota are chosen by more families than any other pediatric health system in the region.

Find us on Facebook @childrensminnesota or on Instagram @childrensmn. Please visit childrensMN.org.

About the Richard M. Schulze Family Foundation

Dick Schulze, founder of Best Buy, Inc., created his family foundation in 2004. The foundation primarily serves communities in Minnesota where the founder was born, raised his family, built Best Buy, Inc. – the world’s largest consumer electronics retailer — and in Florida where he now lives and works. The Schulze Family Foundation awards grants to nonprofits in the areas of human and social services, education (including college scholarships), and health and medicine.