The COVID-19 pandemic has impacted millions of people across the country and around the world. The Richard M. Schulze Family Foundation (RMSFF) and Best Buy are working together to help as many Best Buy employees as they can.
RMSFF has committed to up to $500,000 of grants out of its existing Best Buy Employee Disaster Relief Fund to assist Best Buy employees who have experienced financial hardship as a result of becoming severely ill from COVID-19. Best Buy has matched this commitment, for a total of up to $1 million available in relief to those eligible employees.
In an effort to ensure that as many eligible employees as possible receive assistance, relief will be capped at up to $500 for part-time employees and up to $1500 for full-time employees. Some applications may require additional verification from the employee’s General Manager or direct leader. The application is expected to remain open through the remainder of the 2020 calendar year, as long as funds are available.
To be considered for relief, employees must meet all of the following requirements:
- Must be employed by Best Buy in the U.S., Canada, or Mexico, with one continuous year of service.
- Must be a field or corporate exempt or non-exempt employee, furlough employees included.
- Employees must provide proof of having been hospitalized or of having an emergency room visit as a result of contracting COVID-19.
- Employees must be experiencing financial hardship resulting from becoming ill with COVID-19. Examples include but are not limited to, unreimbursed medical bills (deductible included), mortgage/rent, utility bills, etc.
- Must not have received a previous hardship relief grant in Spring 2020.
Please note that emergency assistance funds do not include income replacement payments, such as payments of lost wages, lost business income, or unemployment compensation.
If you meet the eligibility requirements described above, you may be eligible to receive financial support.