Carmax Foundation

RICHMOND, VA EIN: 38-3681796

Financial Overview

From 2025 IRS Form 990-PF

Total Assets

Annual Giving

$6.7M

-7.7% YoY

Grant Count

11

+120.0% YoY

Avg Grant Size

$607K

-58.0% YoY

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$0.275$0.55$0.8250000000000001$1.120212022202320242025
Metric202520242023
Total Assets
Revenue
Expenses
Qualifying Distributions
Net Investment Income
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$2M$4M$6M$7M1,132 grants202196 grants202276 grants20235 grants202411 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

AMERICAN ONLINE GIVING F…$4.2MKABOOM$1.4MPOINTS OF LIGHT$1.0MEMERGENCY ASSISTANCE FOU…$50KTHE MISSION CONTINUES$50KFOSTER LOVE (TOGETHER WE…$20KGOOCHLAND EDUCATION FOUN…$15KHAPPY HOPE FOUNDATION$15KHENRICO EDUCATION FOUNDA…$15KNEXTUP RVA$6K

Grant Size Distribution

1,320 grants across all recorded years

1282<$50K13$50–100K6$100–250K4$250–500K4$500K–1M11$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Who else does Carmax Foundation fund?

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2025 IRS filing

From 2025 filing

NameTitleHoursCompensation
JEFF HALLPRESIDENT2
MATHEW JEWETTTREASURER2
JESSICA KIRKLANDSECRETARY2
ALEX MALCOLMDIRECTOR2
ANN YAUGERDIRECTOR2
ASHWIN KOPPARTHIDIRECTOR2
ERIC MARTINDIRECTOR2
NICOLE BROWNDIRECTOR2
SARAH BROWNDIRECTOR2
THERESIA RADAELLIDIRECTOR (THROUGH 02/25)2
THOMAS SQUIREDIRECTOR2
JASON ANCARROWDIRECTOR (THROUGH 02/25)2
RICHARD BUSCHERDIRECTOR (THROUGH 02/25)2
DONNA COHENDIRECTOR (THROUGH 02/25)2
CHRIS SLOANDIRECTOR (THROUGH 02/25)2

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

44states
+36 more states

Cities

ACTONACWORTHAKRONALACHUAALBANYALBUQUERQUEALEXANDRIAALLENTOWNALMAALPHARETTAALTA LOMAAMERICUSANANNDALEANDOVERANNANDALEANNAPOLISANTIOCHARLINGTONASHLANDATHENS

Data last updated March 2026. Sourced from IRS Form 990-PF filings.

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