Best Buy Invites Nonprofits Helping Young Teens to Apply for a Local Giving Grant

Nonprofit organizations focused on helping young teens across the United States are invited now through June 15, 2008, to apply for a 2008 Local Giving grant from Best Buy.

The Best Buy Local Giving Program is a grant-making program led by employee committees in each of the company’s eight territories across the United States. Best Buy believes its employees are best able to build and maintain lasting community partnerships and should be empowered to help direct funding to nonprofit organizations in their communities through Local Giving grants.

The following organizations may apply:

• Nonprofit 501(c)(3) certified organizations that provide positive experiences that will empower early adolescents (primarily ages 12-16) to excel in school, engage in their communities, and develop leadership skills; and
• Located within 50 miles of Best Buy stores

Full criteria for qualified organizations and programs, as well as the online application, can be found at www.BestBuy.com/LocalGiving.

Nonprofits must submit their complete proposals online May 15 – June 15, 2008. Best Buy store leaders will then review the applications and make recommendations for funding based on the relationship between the store and the nonprofit. The employee Governance Committee in each territory will conduct a final review and allocate funds. Checks will be issued in August 2008.

About Best Buy Co., Inc.

Best Buy Co., Inc. (NYSE: BBY) operates an international portfolio of brands with a commitment to growth and innovation. Our employees strive to provide customers around the world with superior experiences by responding to their unique needs and aspirations. We sell consumer electronics, home-office products, entertainment software, appliances and related services through approximately 1,300 retail stores across the United States, throughout Canada and in China. Our multi-channel operations include: Best Buy (BestBuy.com, BestBuy.ca, BestBuy.com.cn and BestBuyMobile.com), Future Shop (FutureShop.ca), Geek Squad (GeekSquad.com and GeekSquad.ca), Pacific Sales Kitchen and Bath Centers (PacificSales.com), Magnolia Audio Video (Magnoliaav.com), Jiangsu Five Star Appliance Co. (Five-Star.cn) and Speakeasy (Speakeasy.net). Best Buy supports the communities in which its employees work and live through volunteerism and grants that benefit children and education.