Carmax Foundation is a private corporation based in RICHMOND, VA. The foundation received its IRS ruling in 2003. The principal officer is % Stuart Heaton. It holds total assets of $6.6M. Annual income is reported at $6M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Carmax Foundation has made 1,385 grants totaling $34.6M, with a median grant of $1K. Annual giving has grown from $5.4M in 2021 to $7.2M in 2024. Grantmaking activity was highest in 2023 with $14.9M distributed across 152 grants. Individual grants have ranged from $5 to $4.9M, with an average award of $25K. The foundation has supported 1,026 unique organizations. The foundation primarily supports organizations in Virginia, Delaware, District of Columbia, which account for 30% of all grants. Grantmaking reaches organizations across 44 states. Contributions to this foundation are tax-deductible.
Application Information
Deadline
DEADLINES ARE AVAILABLE AT FOUNDATION.CARMAX.COM.
Restrictions
THE PRIMARY 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, VIRGINIA 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, MAKING A GREATER IMPACT ON THE CAUSES MOST MEANINGFUL TO THEM. OTHER PROGRAMS INCLUDE: - THE BOARD SERVICE PROGRAM HONORS CARMAX ASSOCIATES FOR THEIR TIME SERVED ON NONPROFIT GOVERNING OR ADVISORY BOARDS. THE FOUNDATION MAKES A DON
Frequently Asked Questions
What does Carmax Foundation fund?
Carmax Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 1,385 grants. Its grantmaking reaches organizations primarily in VA, DE, DC.
How much does Carmax Foundation give in grants?
Carmax Foundation has distributed a total of $34.6M across 1,385 grants. The median grant size is $1K, with an average of $25K. Individual grants have ranged from $5 to $4.9M.
How do I apply for a grant from Carmax Foundation?
The application deadline is DEADLINES ARE AVAILABLE AT FOUNDATION.CARMAX.COM.. THE PRIMARY 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, VIRGINIA 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, MAKING A GREATER IMPACT ON THE CAUSES MOST MEANINGFUL TO THEM. OTHER PROGRAMS INCLUDE: - THE BOARD SERVICE PROGRAM HONORS CARMAX ASSOCIATES FOR THEIR TIME SERVED ON NONPROFIT GOVERNING OR ADVISORY BOARDS. THE FOUNDATION MAKES A DON.
Where is Carmax Foundation located?
Carmax Foundation is headquartered in RICHMOND, VA. While based in VA, the foundation distributes grants to organizations across 44 states.
CONNECT CARMAX ASSOCIATES TO VOLUNTEER OPPORTUNITIES
Atlanta, GA
$1M
2024
Happy Hope FoundationVOLUNTEER KITS
Pocasset, MA
$25K
2024
American Online Giving Foundation IncVOLUNTEER TEAM BUILDER, BOARD SERVICE, MATCHING DOLLARS/HOURS, CARE CARDS, RICHMOND GIVING PROGRAM, CARMAX FOUNDATION GRANT PROGRAM
Newark, DE
$2.9M
2023
Charities Aid Foundation AmericaVOLUNTEER TEAM BUILDER, BOARD SERVICE, MATCHING DOLLARS/HOURS, CARE CARDS
Alexandria, VA
$2.2M
2023
Peter Paul Development CenterRICHMOND GIVING PROGRAM
Richmond, VA
$60K
2023
Communities In Schools Of Richmond IncRICHMOND GIVING PROGRAM
Richmond, VA
$50K
2023
Junior Achievement Of GeorgiaCARMAX AUTO FINANCE
Atlanta, GA
$50K
2023
Communities In Schools Of ChesterfieldRICHMOND GIVING PROGRAM
Chesterfield, VA
$25K
2023
Comfort Zone Camp IncRICHMOND GIVING PROGRAM
Richmond, VA
$25K
2023
Blue Sky FundRECOGNITION & AWARDS
Richmond, VA
$25K
2023
Greater Richmond Scan (Stop Child Abuse Now) IncRICHMOND GIVING PROGRAM
Richmond, VA
$25K
2023
Partnership For The FutureRICHMOND GIVING PROGRAM
Glen Allen, VA
$25K
2023
Elk Hill Farm IncRICHMOND GIVING PROGRAM
Goochland, VA
$25K
2023
Emergency Shelter IncRICHMOND GIVING PROGRAM
Richmond, VA
$25K
2023
Feed More IncRICHMOND GIVING PROGRAM
Richmond, VA
$25K
2023
Greater Richmond Aquatics PartnershipRICHMOND GIVING PROGRAM
Richmond, VA
$25K
2023
Side By Side Va IncRICHMOND GIVING PROGRAM
Richmond, VA
$25K
2023
The Community Builders IncRICHMOND GIVING PROGRAM
Richmond, VA
$25K
2023
Young Men'S Christian Association Of Greater RichmondRICHMOND GIVING PROGRAM
Richmond, VA
$25K
2023
Virginia Repertory TheatreRICHMOND GIVING PROGRAM
Richmond, VA
$20K
2023
Lifelong Learning Institute In Chesterfield County Va IncRICHMOND GIVING PROGRAM
Midlothian, VA
$20K
2023
River City Inclusive Gymnastics IncRICHMOND GIVING PROGRAM
Glen Allen, VA
$18K
2023
GoochlandcaresRICHMOND GIVING PROGRAM
Goochland, VA
$15K
2023
Autism Society Central Virginia Chapter IncRICHMOND GIVING PROGRAM
Richmond, VA
$15K
2023
Ywca RichmondRICHMOND GIVING PROGRAM
Richmond, VA
$15K
2023
Friends Association For ChildrenRICHMOND GIVING PROGRAM
Richmond, VA
$10K
2023
Franklin ElementaryNATIONAL
Oakland, CA
$10K
2023
Children'S Resource Fund IncRECOGNITION & AWARDS
Miami, FL
$10K
2023
Alsacst Jude Childrens Research HospitalRECOGNITION & AWARDS
