Talk:Richard M. Schulze

Latest comment: 7 months ago by Inkian Jason in topic Request to update Philanthropy section

Request to update Philanthropy section

edit

On behalf of the subject, and as part of my work at Beutler Ink, I would like to propose replacement text for the Philanthropy section. Here's a copy of the current (incomplete and poorly sourced) text:

In 2000, Schulze donated $50 million to the University of St. Thomas, at the time the largest donation to a Minnesota college or university. The money went to help open the UST School of Law, featuring the prominent Schulze Grand Atrium, as well as the Schulze School of Entrepreneurship, part of the St. Thomas College of Business and located in Schulze Hall [1]; both schools are in downtown Minneapolis. Schulze sits on the Board of Governors of the UST School of Law.[2]

In 2014, after fire destroyed the Naples, FL YMCA, the Richard M. Schulze Family Foundation donated $1.5 million for restoration.[1] And in 2018, Schulze through his Family Foundation donated $750,000 to the Sky Family YMCA in Bonita Springs, Florida.[2]

References

  1. ^ "Best Buy founder Dick Schulze pledges Naples YMCA $1.5 million". www.naplesnews.com. Retrieved 2022-01-20.
  2. ^ "Schulze Bonita Springs YMCA Donation".

The first paragraph is poorly formatted and based on bad URLs. The second paragraph has two specific examples of donations, but fails to give readers an overview of the Richard M. Schulze Family Foundation's activities. Therefore, I've drafted a brief and neutral summary of contributions, based on Wikipedia-appropriate sources. I propose replacing the current text with the following:

Schulze has pledged to give away $1 billion to charity and education.[1][2] In 2000, he donated $50 million to the University of St. Thomas to support a new school of entrepreneurship.[3][4] Schulze is a trustee and chair of the Richard M. Schulze Family Foundation (RMSFF),[5] which he founded after stepping down as CEO of Best Buy in 2002.[6][7] Based in Minneapolis, the foundation focuses on education, health, human services, and medicine, in Minnesota and Florida.[8] It was among the five largest private foundations in Minnesota by 2018.[9]
RMSFF donated approximately $49 million to the Mayo Clinic in 2006 to establish a new cancer research center in Rochester,[10] and $40 million to the University of Minnesota in 2008 for diabetes research.[11] As part of its entrepreneurship initiative, RMSFF donated $500,000 annually to support scholars, faculty, and an online idea exchange, as of 2015.[1] RMSFF has also funded the Catholic Schools Center of Excellence to increase enrollment at Catholic schools in Minnesota via information-sharing, training for teachers, and technology improvements.[2][12] Since 2016, RMSFF has supported a non-profit organization offering family assistance in Southwest Florida.[13] In 2023, the foundation donated $4 million to Children's Minnesota for a pediatric hybrid intraoperative MRI neurosurgery suite,[14] $20 million to the NCH Healthcare System for a new cardiac and stroke center in Naples, Florida,[15] and $25 million to Allina Health to upgrade Abbott Northwestern Hospital in Minneapolis.[16]
Sources

References

  1. ^ a b "Schulze foundation to spend $500,000 to bolster entrepreneurship". Star Tribune. September 21, 2015. Archived from the original on January 30, 2023.
  2. ^ a b Hopfensperger, Jean (October 11, 2015). "Best Buy founder Schulze cranks up giving at his $1 billion family foundation". Star Tribune.
  3. ^ "St. Paul / St. Thomas gets $50M donation". St. Paul Pioneer Press. January 24, 2008. In 2000, the school received a $50 million gift from Best Buy founder and chairman Richard Schulze and his late wife, Sandra.
  4. ^ Moore, Janet (May 14, 2012). "As longtime boss, Schulze got used to acting alone". Star Tribune. ... at the University of St. Thomas, where Schulze donated $50 million to help create a school of entrepreneurship.
  5. ^ "Our Founder". Richard M. Schulze Family Foundation.
  6. ^ "Billionaire founder of Best Buy gives historic donations to ..." Star Tribune. September 16, 2023. Richard Schulze launched his Twin Cities foundation after he stepped down as CEO of Best Buy.
  7. ^ "Bio Box: Best Buy founder Richard Schulze". The San Diego Union-Tribune. Associated Press. August 6, 2012. He is also a director of the Richard M. Schulze Family Foundation, which supports organizations that help families and children in a variety of areas including education, social services, and other areas
  8. ^ "Schulze Family Foundation Awards Grants Totaling $21.3 Million". Philanthropy News Digest. February 16, 2015.
  9. ^ "Richard M. Schulze Foundation grows in prominence and assistance to those in need". Star Tribune. December 29, 2018. The Richard M. Schulze Family Foundation in 2018 distributed about $42 million, 10 times that of 2013. RMSFF has grown in five years to one of Minnesota's five largest private foundations.
  10. ^ "Best Buy founder donates $48.9M to Mayo Clinic". Minneapolis / St. Paul Business Journal. December 2, 2005.
  11. ^ Marcotty, Josephine (December 11, 2008). "Best Buy founder gives U $40 million". Star Tribune.
  12. ^ Gaafarelkhalifa, Abdulla (June 23, 2022). "Catholic schools in St. Cloud will receive additional support from nonprofit". St. Cloud Times.
  13. ^ Miller, Meagan (November 8, 2023). "Better Together gets $130K grant from Schulze Family Foundation". WZVN-TV.
  14. ^ "Business People: Schulze Foundation gives $4M to Children's Minnesota for new MRI unit". St. Paul Pioneer Press. February 5, 2023. Archived from the original on March 20, 2023.
  15. ^ Freeman, Liz (May 24, 2023). "Best Buy founder's foundation gives historic gift to NCH Healthcare System". Naples Daily News.
  16. ^ Olson, Jeremy; Smith, Kelly (September 14, 2023). "Record $25 million gift will help upgrade Abbott Northwestern surgery, critical care capabilities". Star Tribune. Archived from the original on December 27, 2023.

I would like to think the proposed text is a significant improvement over the current content, and none of the claims are particularly contentious, but I do not edit the main space because of my conflict of interest. I am seeking editor review and implementation on my behalf. My goal is to provide a basic overview of Schulze's philanthropic activities (primarily via RMSFF) in a way that shows priorities and geographic scope. I am happy to address any questions or concerns.

Thanks for your consideration, Inkian Jason (talk) 21:14, 26 February 2024 (UTC)Reply

Thanks for your contribution Inkian Jason, I have reviewed the changes and happy they are balanced and improve the article, I have applied them.Sargdub (talk) 02:58, 3 April 2024 (UTC)Reply
@Sargdub Thank you for reviewing and updating the article. Much appreciated! Inkian Jason (talk) 14:16, 3 April 2024 (UTC)Reply