Minneapolis, MN (Top40 Charts / Best Buy Co., Inc. / GRAMMY Foundation) Best Buy Co., Inc. (NYSE:BBY) and Best Buy Children's Foundation (BBCF) today announced a $1.24 million donation to the GRAMMY Foundation(R) in support of their ongoing partnership and joint effort to preserve music education in high schools across the country. The Best Buy contribution comes through a variety of corporate initiatives and exceeds the company's 2010 goal by more than a quarter of a million dollars. Best Buy will present their gift to the non-profit organization at this year's annual GRAMMY Foundation's GRAMMY(R) Career Day held on Feb 9.
Also during GRAMMY Career Day, the GRAMMY Foundation will recognize the leading consumer electronics retailer for their longstanding relationship and ongoing support. The Foundation will present Best Buy with a ceremonial GRAMMY Signature Schools Award symbolizing the successful partnership.
"Music is a foundational piece of Best Buy's DNA and our commitment to the music industry extends well beyond the products we sell in our store," said Paula Prahl, senior vice president, Communications, Public Affairs, and Corporate Responsibility, Best Buy Co., Inc. "We salute all of the great work the GRAMMY Foundation is doing to advance the music industry, especially giving young people access to music education."
"We are deeply appreciative of Best Buy's remarkable financial support of GRAMMY Foundation music education programming," said Neil Portnow, president/CEO of The Recording Academy(R) and the GRAMMY Foundation. "These funds will enable us to reach more students with direct support for high school music programs while providing insight and information on careers in our industry."
In addition to promoting music appreciation and education for today's youth, Best Buy and the GRAMMY Foundation have teamed up on other important programs including "Sound Matters," a campaign to communicate the importance of hearing health and hearing loss prevention among young music fans, and "Give Harmony," a holiday fundraising campaign. Best Buy will continue its support of the Foundation for the coming year, discussion for new initiatives are already underway.
GRAMMY Career Day is one of the many GRAMMY in the Schools(R) programs that provides high school music students with the opportunity to interact with music professionals representing many careers within the industry. Through this program students can discover the myriad of careers that are available to them. To learn more about the events taking place during the GRAMMY Foundation GRAMMY Week, visit: https://www.grammy.org/grammy-foundation/news/grammy-foundation-announces-grammy-week-activitiesSpanish-language
