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Best Buy Presents U.S. Marine Corps With $350,000 Donation to Support ``Toys for Tots''/``Toys for Teens'' at TEEN PEOPLE Listening Lounge Event.


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MINNEAPOLIS--(BUSINESS WIRE)--Nov. 25, 2003

Best Buy Stores Across U.S. Continue To Gather

Holiday Donations for 12- to 15-Year-Olds

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) 
), North America's leading consumer electronics retailer, and The Best Buy Children's Foundation, a nonprofit organization Nonprofit Organization

An association that is given tax-free status. Donations to a non-profit organization are often tax deductible as well.

Notes:
Examples of non-profit organizations are charities, hospitals and schools.
 committed to making learning fun by funding innovative, interactive and technology-based programs, presented the U.S. Marine Corps with a $350,000 donation to the "Toys for Tots Toys For Tots is a program run by the United States Marine Corps Reserve which donates toys to children whose parents cannot afford to buy them gifts for Christmas. The program was founded in 1947 by Major Bill Hendricks. "/"Toys for Teens" program at a TEEN PEOPLE Listening Lounge event last night. This is the seventh consecutive holiday season that Best Buy and The Best Buy Children's Foundation have provided significant support for the seasonal campaign. This donation helps the U.S. Marine Corps with their ongoing effort to fulfill holiday wishes by providing gifts to less fortunate children.

"Best Buy and The Best Buy Children's Foundation have a strong tradition of supporting national nonprofit youth organizations through technology-based programs that work to improve the quality of life for children and their families," said Susan Hoff, president of The Best Buy Children's Foundation. "The Marine Corps 'Toys for Tots'/'Toys for Teens' program helps us achieve these objectives by providing less fortunate teens with the technology products they love, including music, movies, games and gadgets."

Best Buy stores also continue to help fill a donation gap as the exclusive sponsor of the Marines' "Toys for Teens" program. Designed to gather age-appropriate donations for children who often are overlooked - those ages 12 to 15 - the "Toys for Teens" program will run in all U.S. Best Buy stores through Thursday, Dec. 18, 2003. As part of "Toys for Teens," customers have multiple donation options. People may drop new and unwrapped gifts into collection boxes at 600 Best Buy stores around the country. Or, as a new part of the campaign, customers may make donations at Best Buy store registers in $5, $10 or $25 increments this holiday season. Guests at TEEN PEOPLE's Listening Lounge contributed to this effort by bringing in holiday gifts for their peers.

"Teenagers often are overlooked when it comes to holiday giving," said retired Major Bill Grein, vice president of the Marine Corps "Toy for Tots" Foundation. "With more than three million children ages 12 to 15 needing assistance during the holidays, collecting age-appropriate gifts is a priority of ours. Best Buy makes holiday giving simple by allowing people to contribute while shopping at any U.S. Best Buy store."

Best Buy Co., Inc. and The Best Buy Children's Foundation have donated more than $800,000 and thousands of gifts for the "Toys for Tots"/"Toys for Teens" program in the last three years. While Best Buy focuses on gifts for teens, its stores accept gifts for children of all ages. For more information, visit www.toysfortots.org. Best Buy store locations can be found at www.bestbuy.com by clicking on "Store Locator LOCATOR, civil law. He who leases or lets a thing to hire to another. His duties are, 1st. To deliver to the hirer the thing hired, that he may use it. 2d. To guaranty to the hirer the free enjoyment of it. 3d. ."

About Toys for Tots

The U.S. Marine Corps Reserve Toys for Tots Program has been the nation's flagship Christmas charitable endeavor and the U.S. Marine Corps' premier community action program since 1947. In recent years, with the support of Best Buy, Toys for Tots Campaigns have reached an average of nearly six million of our nation's neediest children each Christmas holiday season.

About Best Buy Co., Inc.

Minneapolis-based Best Buy Co., Inc. is North America's leading specialty retailer of consumer electronics, personal computers, entertainment software and appliances. The Company's subsidiaries operate retail stores and/or web sites under the names: Best Buy (BestBuy.com), Future Shop (FutureShop.ca), Geek Squad The Geek Squad is a subsidiary of the Best Buy Company and is based in Richfield, Minnesota [1]. Originally founded in 1994 by Robert Stephens, it offers various computer-related services and accessories for residential and commercial clients.  (GeekSquad.com), and Magnolia Audio Video Magnolia Audio Video is a specialty consumer electronics retailer in the United States. It currently operates 13 standalone stores throughout Washington, Oregon, and California.  (Magnoliaav.com). The Company's subsidiaries reach consumers through more than 700 retail stores in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  and Canada. Best Buy Co., Inc. donates 1.5 percent of its annual pretax pre·tax  
adj.
Existing before tax deductions: pretax income.

pretax adj [profit] → vor (Abzug der) Steuern 
 earnings to the communities in which it does business and is a major contributor to The Best Buy Children's Foundation.

About The Best Buy Children's Foundation

The Best Buy Children's Foundation is a nonprofit corporation nonprofit corporation n. an organization incorporated under state laws and approved by both the state's Secretary of State and its taxing authority as operating for educational, charitable, social, religious, civic or humanitarian purposes.  organized and operated exclusively for charitable, educational, literary or scientific purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code The Internal Revenue Code is the body of law that codifies all federal tax laws, including income, estate, gift, excise, alcohol, tobacco, and employment taxes. These laws constitute title 26 of the U.S. Code (26 U.S.C.A. § 1 et seq.  of 1986, as amended, and Section 290.05 of the Minn. Stat. The Foundation, established in 1994, is committed to making learning fun through the funding of innovative, interactive and technology-based programs that engage and educate K-12 students. The Foundation provides grants to national nonprofit organizations with technology-related programs and directly to Best Buy communities.

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Publication:Business Wire
Date:Nov 25, 2003
Words:792
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