Carmax Foundation
Richmond, Virginia · EIN 383681796 · Private foundation
Carmax Foundation is a private foundation based in Richmond, Virginia. Its indexed IRS summary (FY2026) lists $4.8M in giving and $6.3M in assets. Bespoke Grants tracks 6,853 individual grants from this funder — $38.7M awarded across 2018–2025 — including its support for economic development. This public overview includes selected grant examples.
What Carmax Foundation funds
Carmax Foundation's giving carries a documented focus on economic development, education, housing & homelessness, youth development.
Populations it has supported include children, foster youth, homeless population, low-income communities, veterans, women girls.
Selected grant examples
Up to three historical grant examples from public IRS filings are shown below, ordered by amount. This sample is not a complete funding history.
| Recipient | Location | Grant | Year |
|---|---|---|---|
| American Online Giving Foundation DONATIONS DISBURSED TO QUALIFIED 501C3 NONPROFITS REFLECTING AS PART OF EMPLOYEE CHOICE GIVING PROGRAMS | Newark, DE | $4.9M | 2024 |
| American Online Giving Foundation DONATIONS DISBURSED TO QUALIFIED 501C3 NONPROFITS REFLECTING AS PART OF EMPLOYEE CHOICE GIVING PROGRAMS | Newark, DE | $4.2M | 2025 |
| American Online Giving Foundation Inc VOLUNTEER TEAM BUILDER, BOARD SERVICE, MATCHING DOLLARS/HOURS, CARE CARDS, RICHMOND GIVING PROGRAM, CARMAX FOUNDATION GRANT PROGRAM | Newark, DE | $2.9M | 2023 |
How to apply for funding from Carmax Foundation
From Carmax Foundation's IRS Form 990-PF, on how it handles applications:
Verify the current process on the foundation's own materials before sending anything. You can review the foundation directly at foundation.carmax.com.
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Frequently asked questions about Carmax Foundation
- Does Carmax Foundation accept grant applications?
- Yes — Carmax Foundation's IRS filing describes an application process. Confirm the current details directly with the foundation before applying.
- What does Carmax Foundation fund?
- Carmax Foundation's grants focus on economic development. Example recipients include American Online Giving Foundation, American Online Giving Foundation Inc. Up to three historical grant examples appear above. Full indexed grant histories require All access at $19/month.
- How much does Carmax Foundation give in grants?
- Carmax Foundation's indexed IRS summary for FY2026 lists $4.8M in giving. Across all years in our data it has awarded $38.7M over 6,853 grants.
- Where is Carmax Foundation located?
- Carmax Foundation is based in Richmond, Virginia. Its IRS employer identification number (EIN) is 383681796.
- How can I find foundations similar to Carmax Foundation?
- Compare priorities, past recipients, and grant sizes with your program. Bespoke Grants includes one free successful search per account, for life, with up to three sourced matches. No card. Further searches and full research cost $19/month.
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