Carmax Foundation
Accepts applications
Carmax Foundation is a private foundation in Richmond, Virginia. In tax year 2025 it gave $4.8 million in 6 grants; the typical grant was $285,350 and the largest $3.4 million. It accepts applications; its filing gives the instructions below.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$4.8 million
- Number of grants6
- Typical grant$285,350
- Largest grant$3.4 million
- Assets$6.3 million
- New grantees17%
Giving in 2025 was down from $6.7 million the year before.
17% of its 2025 grantees had not received a grant from it the year before, a mix of repeat and new grantees.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $7.2 million | 5 | $8.0 million |
| 2024 | $6.7 million | 11 | $6.6 million |
| 2025 | $4.8 million | 6 | $6.3 million |
How to apply
| Contact | Carmax Foundation Manager 12800 Tuckahoe Creek Parkway, Richmond, VA 23238 |
|---|---|
| Phone or email | (804) 747-0422, kmxfoundation@carmax.com |
| What to submit | For more information on the application process, please visit our website at foundation.carmax.com. Please do not submit applications via mail, only online applications are accepted. |
| Deadlines | Deadlines are available at foundation.carmax.com. |
| Restrictions | The programs of the foundation include: - the home office grants program awards grants to organizations promoting health & wellness, education & workforce success, and resilient communities in the richmond, va area. - the regional giving program providing grants to nonprofit organizations serving carmax markets, with special attention to the atlanta, ga area. - the national giving program, supporting nonprofit(s) with a national footprint that align with our focus areas. - the volunteer team builder program lets carmax associates make valuable hands-on contributions to worthy causes through team-builders, donation drives blood drives, and more. - the matching gifts program compounds carmax associates and their families' gifts of time and money - the board service program honors carmax associates for their time served on nonprofit governing or advisory boards with donations in the associate's name. - the care card program allows associates to direct the foundation's funds |
Foundation website IRS filings on ProPublica
What Carmax Foundation funds
Where it gives
Its grants went to recipients in 5 states, the most to Delaware.
| State | Grants | Amount |
|---|---|---|
| Delaware | 1 | $3.4 million |
| District of Columbia | 1 | $840,000 |
| Georgia | 2 | $545,700 |
| Florida | 1 | $50,000 |
| California | 1 | $9,140 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| American Online Giving Foundation | Donations disbursed to qualified 501c3 nonprofits reflecting as part of employee choice giving programs | $3.4 million |
| Kaboom | Building playgrounds in underserved communities | $840,000 |
| Points of Light | Connect carmax associates to volunteer opportunities | $520,700 |
| Emergency Assistance Foundation | To help employees who are facing financial hardship | $50,000 |
| Junior Achievement of Georgia | Support programs that drive financial literacy | $25,000 |
| Foster Love (Together We Rise) | Resources for youth in foster care | $9,140 |
Officers and trustees
- Jeff Hall
- Mathew Jewett
- Jessica Kirkland
- David Gustin
- Alex Malcolm
- Ann Yauger
- Ashwin Kopparthi
- Nicole Brown
- Sarah Brown
- Thomas Squire
- Erica Cain
- Eva James
- Melanie Murphy
- Debbie Sharp
- Jason Bazan
Questions people ask
Does Carmax Foundation accept grant applications?
Yes. Its latest IRS filing says it accepts applications, with this on deadlines: Deadlines are available at foundation.carmax.com..
How much does Carmax Foundation give?
$4.8 million in tax year 2025, across 6 grants, with a typical grant of $285,350.
Who runs Carmax Foundation?
Its 2025 filing lists Jeff Hall (President), Mathew Jewett (Treasurer), Jessica Kirkland (Secretary (Through 9/25)) and David Gustin (Secretary (From 10/25)) among 15 officers and trustees.
What does Carmax Foundation fund?
Based on its grants, mainly human services.