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Corporate Social Responsibility
News
12.09.2005 ET
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CSR News from:
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Best Buy Awards $2 Million in te@ch Emergency Response Grants to K-12 schools with Enrolled Students Displaced by Hurricanes
(CSRwire) MINNEAPOLIS--(BUSINESS WIRE)--Dec. 9, 2005--Best Buy Co., Inc.
(NYSE:BBY) has awarded a total of $2 million in te@ch Emergency Response
grants to 955 K-12 schools across the U.S. The grants are designed to help
schools with increased enrollment of students displaced by the
hurricanes.
The te@ch Emergency Response grants are presented as Best Buy gift cards
to schools that can be applied toward improving the classroom experience
this year for all students. Gift cards have been awarded in amounts up to
$5,000 per school.
"Thousands of schools nationwide have more students in the classrooms
than originally anticipated at the start of this school year," said Paula
Prahl, vice president, public affairs, Best Buy. "We believe we can best
serve these schools by bridging technology and education to improve the
classroom experience this year for all children."
An additional $1 million has been earmarked for an additional round of
te@ch Emergency Response grants. Principals and teachers of schools with
displaced students may apply online at www.bestbuy.com; applications will be
accepted through January 15, 2006, with gift cards awarded to schools in
mid-February 2006.
About the Community Commitment of Best Buy
As a community partner, Best Buy works to encourage ideas and to
confront challenges. Through its many philanthropic activities, Best Buy
extends its support in times of celebration and in times of need. In
fiscal 2005, Best Buy and the Best Buy Children's Foundation donated its
prior fiscal year's pretax earnings. The company encourages local
volunteerism by providing charitable gifts to organizations where
employees volunteer, awards annual scholarships to graduating high-school
seniors, and supports schools using technology to enhance learning through
the Best Buy te@ch program. Best Buy works with the Red Cross to provide
support in times of disaster, including a donation of more than $2 million
for its Disaster Relief Fund in response to Hurricane Katrina. The company
also connects with the United Way to meet local community needs, and
supports national organizations innovatively using technology in youth
education. In addition, Best Buy is committed to environmental
responsibility. Last year, the company collected and recycled nearly 1
million pounds of used and obsolete electronic items though special mass
collection events and everyday collection of cellular phones, ink jet
cartridges and rechargeable batteries. For more information about the Best
Buy community relations efforts, visit www.bestbuy.com.communityrelations.
About Best Buy Co., Inc.
Best Buy Co., Inc. (NYSE:BBY) is an innovative Fortune 100 growth company
that continually strives to create superior customer experiences. Through
more than 870 retail stores across the United States and in Canada, our
employees connect customers with technology and entertainment products and
services that make life easier and more fun. We sell consumer electronics,
home-office products, entertainment software, appliances and related
services. A Minneapolis-based company, our operations include: Best Buy
(BestBuy.com and BestBuy.ca), Future Shop (FutureShop.ca), Geek Squad
(GeekSquad.com and GeekSquad.ca) and Magnolia Audio Video
(Magnoliaav.com). We support our communities through employee volunteerism
and grants from The Best Buy Children's Foundation.
Copyright Business Wire 2005
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