Best Buy Children's Foundation Awards $1.8 Million for Fiscal Year; Donations Supported 240 Nonprofit Youth Programs Nationwide.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--Feb. 21, 2001 Recent grants from the Best Buy Children's Foundation (BBCF BBCF Bowl Bound College Football (college football sports management game) ) have helped the Minneapolis-based nonprofit fulfill a commitment to donate $1.8 million to youth groups for its current fiscal year ending March 3, 2001. The BBCF, which funds community-based programs that develop "life skills" in young people, awarded 240 grants averaging $7,500. The BBCF passed the $1.8 million mark with 52 fourth-quarter donations, totaling $285,000. The YMCA YMCA in full Young Men's Christian Association Nonsectarian, nonpolitical Christian lay movement that aims to develop high standards of Christian character among its members. , Junior Achievement and Campfire Boys and Girls boys and girls mercurialisannua. were among the organizations to receive BBCF funding this year. The BBCF was established by Best Buy in 1994 as a way to support communities where the company does business. The Foundation is funded primarily by the "Best Buy Charity Classic," an increasingly successful annual pro-am golf tournament held in suburban Minneapolis. The "Charity Classic" has grown into one of the largest golf charity fundraisers in the country. "The continuing growth of the Best Buy Children's Foundation means that we're reaching more kids than ever before," said Susan Hoff, President of the BBCF. "I am truly grateful for the increasing support of everyone who participates in our annual Charity Classic golf tournament and for the exceptional work that all of our grant recipients do to help shape kids into the community leaders of tomorrow." About Best Buy Children's Foundation The Best Buy Children's Foundation awards grants to nonprofit groups that take an innovative approach to building "life skills" in young people through education, mentoring and leadership development. The BBCF donates proceeds from the "Charity Classic" annual pro-am golf tournament, other fundraising activities and financial contributions from Best Buy Co., Inc. The BBCF Board of Directors reviews applications and awards grants on a quarterly basis. About Best Buy Minneapolis-based Best Buy Co., Inc. (NYSE NYSE See: New York Stock Exchange :BBY BBY Best Buy (stock symbol) BBY Before Battle of Yavin (Star Wars) BBY BeBeyond (Chinese online community) ) is the nation's number one specialty retailer of consumer electronics, personal computers, entertainment software and appliances. The Enterprise operates retail stores and commercial Web sites under the names: Best Buy, (BestBuy.com), Sam Goody Sam Goody is a music and entertainment retailer in the United States and formerly in the United Kingdom. It is owned and operated by Musicland, which itself is owned by former rival Trans World Entertainment which also runs Suncoast Motion Picture Company and, until January 2006, (SamGoody.com), Suncoast (Suncoast.com), Media Play (MediaPlay.com), On Cue (OnCue.com) and Magnolia Magnolia, city, United States Magnolia (măgnō`lyə), city (1990 pop. 11,151), seat of Columbia co., SW Ark.; inc. 1855. Its oil industry has been important since 1938. Hi-Fi. The Company reaches consumers through more than 1,800 retail stores nationwide, in Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. and the U.S. Virgin Islands. |
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