The Best Buy Foundation is seeking applications for its Twin Cities Fund’s Capital Grants program.
Donor Name: Best Buy Foundation
State: Minnesota
County: Selected Counties
Type of Grant: Grant
Deadline (mm/dd/yyyy): 02/01/2022
Size of the Grant: $100,000 – $200,000
Grant Duration: 1 year
Details:
The Best Buy Foundation provides capital support directed specifically toward projects from nonprofit organizations aligned to core philanthropic focus of Arts and Culture and Teens and Technology. Capital funding is available for current nonprofit partners in the seven-county Twin Cities metro area that have been funded within the last three years by the Best Buy Foundation.
This will be considered a plus factor in the review process but is not necessary to receive funding.
- Bricks and Mortar – Support towards the total cost of acquisition, construction, repair, renovation, rehabilitation, creation, or improvement of public spaces or other improvements to a facility for the purpose of teens and technology or arts and culture programming.
- Equipment/Technology Hardware – Support towards other capital purchases, including equipment and technology for the purpose of arts and culture or teens and technology. Teens and Tech organizations should provide teens from disinvested communities hands-on access to tech education and tools to be successful in school and future careers. This includes grants for technology purchases that will allow organizations to offer programs such as computing, robotics, 3-D printing, digital photography, filmmaking and videography, graphic design, audio production, game development, programming, and app development. It is neither required nor expected that you purchase technology and equipment from Best Buy. Please do not specify where you will purchase technology on the application
- Capacity – Due to COVID-19, community nonprofit partners have been forced to change how they operate. During this time of change, we will be offering the opportunity for a capital capacity grant to nonprofit partners. Capacity funding supports the improvement of specific organizational capacities such as infrastructure operations, financial health, and programs.
Funding Information
- Awarded grants will be a minimum of $100,000. The median grant amount is $200,000.
- Up to one year of funding.
Eligibility Criteria
Organizations must meet the following criteria to be eligible for General Operating support:
- A current nonprofit partner that has received funding from the Best Buy Foundation within the past three years.
- Organization that provides services in the Twin Cities 7-county metro area.
- Qualified 501 (c)(3) nonprofit or tax-exempt public charity with a valid IRS Tax ID.
- Grant requested is $100,000 or more. If the request is for under $100,000, please contact the Best Buy Foundation staff regarding your capital request for alternative funding options.
- For capital bricks and mortar requests, the organization must have already raised 50% of the capital campaign goal.
- Must be willing to participate in site visits by Best Buy Foundation staff and Best Buy Foundation Board members.
Ineligible Applicants
- Organizations composed exclusively for re-granting.
- Applications requesting only supplies or product donations.
- Organizations seeking funds to benefit:
- Political, labor, fraternal, or civic organizations.
- Religious organizations (for sectarian purposes).
- Individuals.
- Endowments.
- Award ceremonies, memorials, conferences, or travel.
- Health, therapeutic or recreation programs, projects, or activities.
- Athletic teams or events.
For more information, visit Capital Grants.
