Private foundation (trust)EIN 383681796Est. 2003-10

CARMAX FOUNDATION

RICHMOND, VA 23238

Accepts unsolicited proposals

Total Assets

$6.6M

FY 2024

Annual Giving

$6.7M

FY 2024

Grants Made

11

FY 2024

Avg Grant

$607K

FY 2024

Grant Range

$5K–$4.2M

Typical

Deadlines

Deadlines are available at foundation.…

Applications

Focus Areas

Corporate Foundations

Financial Snapshot

2024 filing

Total Revenue

$6.0M

Total Expenses

$7.3M

Qualifying Distributions

$7.3M

Distributable Amount

$379K

Min. Investment Return

$384K

Payout rate 100%Arc chart showing what share of IRS distributable amount was paid out as qualifying distributions in the latest filing.100%

Payout rate

Qualifying distributions as a share of distributable amount.

Grant Range

11 grants

Grant sizes from minimum $5K through median $20K to maximum $4.2M, shown on a logarithmic scale.

Logarithmic scale — typical grant portfolios span orders of magnitude, so distances are proportional to multiplicative change, not dollar gaps.

Giving Over Time

5 years

Giving over time from 2020 to 2024. Peak $7.5M in 2022. Hover bars for details.

Total dollars recorded per filing year. Scale adjusts to the foundation's range.

Top Recipients

500 grants

AMERICAN ONLINE GIVING FOUNDATION
$9.0M
2 grants
CHARITIES AID FOUNDATION AMERICA
$6.8M
11 grants
KABOOM
$6.4M
5 grants
AMERICAN ONLINE GIVING FOUNDATION INC
$2.9M
1 grant
POINTS OF LIGHT
$2.6M
3 grants
PROJECT HELPING
$498K
3 grants
EMERGENCY ASSISTANCE FOUNDATION INC
$223K
4 grants
PETER PAUL DEVELOPMENT CENTER
$160K
3 grants

Grant Size Distribution

500 grants

<$10K
373
grants
$10–50K
99
grants
$50–250K
9
grants
$250K–1M
9
grants
$1–5M
10
grants
$5M+

Geographic Focus

39 states

Delaware
$11.9M
36% of total
Virginia
$9.0M
27% of total
District of Columbia
$6.4M
19% of total
Georgia
$3.1M
9% of total
Colorado
$555K
2% of total
Florida
$474K
1% of total
California
$435K
1% of total
Texas
$278K
1% of total
Illinois
$240K
1% of total
Massachusetts
$180K
1% of total

+29 more states

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CARMAX FOUNDATION — Grants, Financials & Contact | Grantivo