the richard m. schulze family foundation (RMSFF)
innovation in his philanthropy
Our Board awarded over $79 million
in grants & pledges
In addition to our open cycle grant recipients, people in our Best Buy Hope Fund, Best Buy Disaster Relief, College Scholarships, Early Learning Scholarships, and Power of 100 chosen charities benefitted from our support last year.
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