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Form 990-PFTax year 2025EIN 38-3681796

Carmax Foundation

A private foundation in Richmond, VA. Its return for tax year 2025 lists 6 grants and $4.8 million paid in grants.

See which foundations fund work like yours Matching by cause, place and grant size

Tax year 2025 (period ending Feb 28, 2026), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Accepts applications

The return gives an application contact and rules, as below.

Contact
Carmax Foundation Manager
12800 Tuckahoe Creek Parkway
Richmond, VA 23238
(804) 747-0422
[email protected]
Form and materials
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

Assets and giving by year

8 returns on file
Grants paid by tax year. The latest year is in blue.

  • Tax year 2025

    $4,841,701

    Grants listed
    6
    Assets, end of year
    $6,266,630

  • Tax year 2024

    $6,678,283

    Grants listed
    11
    Assets, end of year
    $6,642,085

  • Tax year 2023

    $7,234,486

    Grants listed
    5
    Assets, end of year
    $7,978,068

  • Tax year 2022

    $7,465,717

    Grants listed
    76
    Assets, end of year
    $5,775,648

  • Tax year 2021

    $7,001,326

    Grants listed
    96
    Assets, end of year
    $6,340,369

  • Tax year 2020

    $5,430,012

    Grants listed
    1,132
    Assets, end of year
    $3,973,435

  • Tax year 2019

    $7,505,885

    Grants listed
    3,947
    Assets, end of year
    $307,948

  • Tax year 2018

    $7,041,919

    Grants listed
    3,676
    Assets, end of year
    $650,120

Grants paid in 2025

6 grants, largest first

As listed on the return.

  1. American Online Giving FoundationNewark, DE

    Donations disbursed to qualified 501c3 nonprofits reflecting as part of employee choice giving programs

    $3,396,861
  2. KaboomBethesda, MD

    Building playgrounds in underserved communities

    $840,000
  3. Points of LightAtlanta, GA

    Connect carmax associates to volunteer opportunities

    $520,700
  4. Emergency Assistance FoundationWest Palm BCH, FL

    To help employees who are facing financial hardship

    $50,000
  5. Junior Achievement of GeorgiaAtlanda, GA

    Support programs that drive financial literacy

    $25,000
  6. Foster Love (together We Rise)Brea, CA

    Resources for youth in foster care

    $9,140

Where the money goes

By cause: grants to organizations we matched to the IRS list of exempt organizations, by their category.

  1. Philanthropy and grantmaking1 grant $3,396,86179% of the total
  2. Sports and recreation1 grant $840,00020% of the total
  3. Human services1 grant $50,0001% of the total

By State

Grants to organizations with a US address, latest year.

  1. Delaware1 grant $3,396,861
  2. District of Columbia1 grant $840,000
  3. Georgia2 grants $545,700
  4. Florida1 grant $50,000
  5. California1 grant $9,140

Officers, directors and trustees

15 people as filed

As filed on the return, with average hours per week and pay from the foundation.

  • Jeff HallPRESIDENT Hours 2Pay $0
  • Mathew JewettTREASURER Hours 2Pay $0
  • Jessica KirklandSECRETARY (THROUGH 9/25) Hours 2Pay $0
  • David GustinSECRETARY (FROM 10/25) Hours 2Pay $0
  • Alex MalcolmDIRECTOR Hours 2Pay $0
  • Ann YaugerDIRECTOR (THROUGH 8/25) Hours 2Pay $0
  • Ashwin KopparthiDIRECTOR (THROUGH 2/26) Hours 2Pay $0
  • Nicole BrownDIRECTOR Hours 2Pay $0
  • Sarah BrownDIRECTOR Hours 2Pay $0
  • Thomas SquireDIRECTOR (THROUGH 2/26) Hours 2Pay $0
  • Erica CainDIRECTOR Hours 2Pay $0
  • Eva JamesDIRECTOR Hours 2Pay $0
  • Melanie MurphyDIRECTOR Hours 2Pay $0
  • Debbie SharpDIRECTOR Hours 2Pay $0
  • Jason BazanDIRECTOR Hours 2Pay $0

The return

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