Power of 100–Women Who Care

Matching Grant Program

Best Buy’s founder, Richard Schulze, has identified the Power of 100–Women Who Care structure as a meaningful way to partner with local philanthropists and give back to the many communities that have helped make Best Buy the world’s #1 electronics retailer.

Beginning January 1, 2018, the Richard M. Schulze Family Foundation (RMSFF) will consider providing up to a 50% match (up to $5,000) to invited Power of 100–Women Who Care chapters whose chosen charities also meet certain criteria described below.

The Power of 100–Women Who Care matching grant program is an invitation-only program at RMSFF.

Characteristics of invited 100 Women Who Care chapters include:

  • Located in the United States.
  • Within 20 miles of a Best Buy retail store.
  • Recognized by the 100 Who Care Alliance. Previously invited chapters that have merged with a non-participating chapter will be reviewed on a case-by-case basis.
  • All chapters will have their program participation reviewed annually.

Characteristics of chosen charities that may be considered for a match include:

  • Recognized as a tax-exempt 501(c)(3) organization under the Internal Revenue Code for at least 12 months as of the date of a request for a matching grant. RMSFF will consider matching donations to a governmental unit on a case by case basis.
  • Domiciled in the United States.
  • Working within the geographic area of the chapter making the request. National charities will only be considered if 100% of the donation will be used in the geographic area of the chapter making the request.
  • The organization and the program considered for a matching grant must align with RMSFF’s mission and funding guidelines. RMSFF reserves the right to withhold matching funds to organizations which, in its sole discretion, do not align with its grantmaking priorities.

If your chosen charity does not meet the above characteristics, please contact Sheila Otto Phillips or Brian Kraft to discuss alternative options.

Matching grant parameters

  • If RMSFF selects a chosen charity to receive a matching grant, it may provide up to a 50% match to the charity selected at each Power of 100–Women Who Care chapter meeting.
  • Maximum matching donation by RMSFF per chapter meeting is $5,000.
  • Invited chapters seeking a matching grant must submit requests to RMSFF using its on-line application portal here.

Application process

  1. Power of 100–Women Who Care chapters must provide RMSFF, via the online application portal, the name of the chosen charity and the amount donated within four weeks of the meeting date on which that charity was chosen.
  2. The application request will be reviewed by RMSFF to determine whether it will provide a 50% match to the chosen charity.
  3. RMSFF will contact the chapter and inform them that the chosen charity will receive a 50% match if they provide the requested verification.
  4. The chosen charity will be contacted by RMSFF and must provide the requested verification within two weeks from the date the charity was contacted by RMSFF.

Please note: As of July 1, 2019 the above process was updated from previous quarters.

If you are ready to request a match, click here

Please return to this website within 30 days of your chapter meeting each quarter to request your match.

 

Please direct your questions via email to either Sheila Otto Phillips or Brian Kraft.

All grants distributed under this program will be directed in such amounts and at such times by the Richard M. Schulze Family Foundation in its sole discretion. Meeting certain criteria is no guarantee that any organization will receive a matching grant from RMSFF.