Open Foundations · Virginia

Carmax Foundation

Richmond, Virginia · EIN 383681796. Its Form 990-PF says giving is not restricted to organizations picked in advance, which is how a private foundation files that it accepts unsolicited requests. It paid $4.8M across 6 grants in 2025, a median of $285K each.

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$4.8M
paid in 2025
6
grants paid
$285K
median grant
0%
to first-time recipients
$6.3M
assets on file

How to apply, as filed

Straight off Part XV of the return. Where the foundation left a line blank, this says so rather than guessing.

Send requests to
CARMAX FOUNDATION MANAGER
Address
12800 TUCKAHOE CREEK PARKWAY, RICHMOND, VA, 23238
Phone
8047470422
Form the request should take
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.
Submission deadline
DEADLINES ARE AVAILABLE AT FOUNDATION.CARMAX.COM.
Restrictions on awards
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

As filed on the Form 990-PF for tax year 2025, IRS filing object id 202601739349100130. Printed word for word, including the entries that only say to see a website or an attachment.

What it funds, in its own words

The filing states only a general purpose, with nothing specific enough to pull out as recurring language.

Biggest grants in 2025

All 6 grants paid in 2025, with the purpose the foundation wrote for each.

#RecipientStateAmountPurpose as filed
1American Online Giving FoundationDE$3,396,861DONATIONS DISBURSED TO QUALIFIED 501C3 NONPROFITS REFLECTING AS PART OF EMPLOYEE CHOICE GIVING PROGRAMS
2KaboomDC$840,000BUILDING PLAYGROUNDS IN UNDERSERVED COMMUNITIES
3Points of LightGA$520,700CONNECT CARMAX ASSOCIATES TO VOLUNTEER OPPORTUNITIES
4Emergency Assistance FoundationFL$50,000TO HELP EMPLOYEES WHO ARE FACING FINANCIAL HARDSHIP
5Junior Achievement of GeorgiaGA$25,000SUPPORT PROGRAMS THAT DRIVE FINANCIAL LITERACY
6Foster Love (together We Rise)CA$9,140RESOURCES FOR YOUTH IN FOSTER CARE

Giving by year, and who received it

Grants paid by year

Every year of this foundation's grants that Civly holds
Tax yearGrantsPaid
20201,120$5.4M
202196$7.0M
202276$7.5M
20235$7.2M
202411$6.7M
2025 (partial year)6$4.8M

Where the money went

Share of 2025 grant dollars by recipient state
Georgia33%
Delaware17%
District of Columbia17%
Florida17%
California17%

Who decides

Officers, directors and trustees as filed, with the year of the return they appeared on.

Alex MalcolmDIRECTOR · 2025
Ann YaugerDIRECTOR (THROUGH 8/25) · 2025
Ashwin KopparthiDIRECTOR (THROUGH 2/26) · 2025
David GustinSECRETARY (FROM 10/25) · 2025
Debbie SharpDIRECTOR · 2025
Erica CainDIRECTOR · 2025
Eva JamesDIRECTOR · 2025
Jason BazanDIRECTOR · 2025
Jeff HallPRESIDENT · 2025
Jessica KirklandSECRETARY (THROUGH 9/25) · 2025
Mathew JewettTREASURER · 2025
Melanie MurphyDIRECTOR · 2025
Nicole BrownDIRECTOR · 2025
Sarah BrownDIRECTOR · 2025
Thomas SquireDIRECTOR (THROUGH 2/26) · 2025

Every figure on this page is that foundation's own latest filed year, which is 2022 or later. This foundation is listed because its Form 990-PF says it does not restrict giving to preselected organizations and it paid at least 5 grants totaling $100K or more that year. Latest-year grants and terms per foundation from IRS 990-PF e-file returns; the newest tax year is partial until the IRS finishes releasing it. Grants are de-duplicated on funder, year, recipient and amount, so identical repeat grants collapse into one and totals can run low. Full method.

Source: IRS Form 990-PF e-file releases (public domain). Analysis: Civly.

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