Best Buy Founder Pledges $500k Annual Grant To Bolster Entrepreneurship



By Neal St. Anthony, Star Tribune

“Best Buy Co. Inc. founder Dick Schulze, who has pledged to give away up to $1 billion of his fortune to charity and education, is targeting entrepreneurship as one of his family foundation’s initiatives.

The Richard M. Schulze Family Foundation plans to spend about $500,000 annually in student scholarships, faculty support and a free online “innovation exchange” for budding entrepreneurs to connect with ideas from successful business owners and academic experts.”

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