the richard m. schulze family foundation (RMSFF)
innovation in his philanthropy
Over $10 million awarded in Fall 2023
by the RMSFF Board of Trustees at their Fall 2023 meeting on September 12-13 in response to over 150 grant requests.
Richard M. Schulze Family Foundation gives record $25 million gift to Allina’s Abbott Northwestern Hospital
A project that demolishes a parking garage is underway to make room for the 10-story expansion of Abbott Northwestern Hospital and for the surgery and critical care services that RMSFF’s gift, the largest in Alllina’s history, supports.
A pivot away from medical research
The foundation may end up supporting more hospitals in similar ways to other hospitals in Minnesota and Florida, where Dick Schulze and many of the Schulze Family members live. “He wants to see the positive results from what he gives away in the here and now,” said Mark Dienhart, President & CEO of Schulze’s Foundation. “I wouldn’t be surprised to see these kinds of things continue.”
“Normally we’re not proponents of investing money in hospitals, but I’m a big believer in what’s going on at Abbott Northwestern.”
Richard M. Schulze Family Foundation