Reported officers (all unpaid)
No paid executives reported in 2024. CARMAX FOUNDATION reported 15 unpaid officers and board members on its 990-PF.
Grants paid
Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.
Total granted
$6.7M
Itemized grants
11
Median grant
$20k
| Recipient | Location | Purpose | Amount |
|---|---|---|---|
| AMERICAN ONLINE GIVING FOUNDATION | NEWARK, DE | DONATIONS DISBURSED TO QUALIFIED 501C3 NONPROFITS REFLECTING AS PART OF EMPLOYEE CHOICE GIVING PROGRAMS | $4.2M |
| KABOOM | WASHINGTON, DC | BUILDING PLAYGROUNDS IN UNDERSERVED COMMUNITIES | $1.4M |
| POINTS OF LIGHT | ATLANTA, GA | CONNECT CARMAX ASSOCIATES TO VOLUNTEER OPPORTUNITIES | $1M |
| EMERGENCY ASSISTANCE FOUNDATION | WEST PALM BEACH, FL | TO HELP EMPLOYEES WHO ARE FACING FINANCIAL HARDSHIP | $50k |
| THE MISSION CONTINUES | SAINT LOUIS, MO | 2025 TAMPA MASS DEPLOYMENT | $50k |
| FOSTER LOVE (TOGETHER WE RISE) | BREA, CA | RESOURCES FOR YOUTH IN FOSTER CARE | $20k |
| GOOCHLAND EDUCATION FOUNDATION | GOOCHLAND, VA | EDUCATION & WORKFORCE DEVELOPMENT | $15k |
| HAPPY HOPE FOUNDATION | POCASSET, MA | CREATE HAPPY HOPE BAGS FOR CHILDREN IN NEED OF JOY | $15k |
| HENRICO EDUCATION FOUNDATION | HENRICO, VA | EDUCATION & WORKFORCE DEVELOPMENT | $15k |
| NEXTUP RVA | RICHMOND, VA | SUMMER BASKETBALL LEAGUE | $6k |
| NATIONAL VETERANS FOUNDATION | LOS ANGELES, CA | HOMELESS VETERANS OUTREACH 2025 - WITH SPECIAL FOCUS ON WOMEN VETERANS | $5k |
Revenue and expenses over time
CARMAX FOUNDATION reported revenue and expenses across 2 filing years.
This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.
What Philanthropy, Voluntarism & Grantmaking executives earn in Virginia
CARMAX FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Virginia earns a median of $35,000.
These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 475 organizations across 475 filings (2021 – 2024).
See full Philanthropy, Voluntarism & Grantmaking pay data for Virginia →Common questions about CARMAX FOUNDATION
What are CARMAX FOUNDATION's revenue and expenses?
In 2024, CARMAX FOUNDATION reported $6M in total revenue and $7.3M in total expenses on its IRS Form 990.
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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.
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