CARMAX FOUNDATION AWARDS $10,000 GRANT TO ABILITYFIRST IN PASADENA, CALIFORNIA
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RICHMOND, Va. (October 28, 2009)-CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, announced today that The CarMax Foundation has awarded AbilityFirst of Southern California a $10,000 grant as part of the Foundation’s Regional Giving Program.
AbilityFirst received the grant for the After School Enrichment Program, which currently serves more than 400 young people ages five to 22 who have a wide variety of developmental and physical disabilities. Each program participant takes part in a curriculum that enhances each aspect of the individual’s development. This includes their social skills, educational opportunities, and basic life skills, such as cooking, laundry, etiquette and developing hobbies.
“These young people are offered quality resources to reach their full potential in their education and personal lives,” said Dennis Hayes, Los Angeles Regional Giving Committee member and CarMax purchasing manager. “The CarMax Foundation is honored to support the valuable AbilityFirst after school program that is helping hundreds of young people in our local communities.”
Lori Gangemi, president and CEO of AbilityFirst, said, “We appreciate this generous donation from The CarMax Foundation. This funding will help children with disabilities, such as autism and down syndrome, in our after school program continue to expand their possibilities and secure a better future.”
The CarMax Foundation’s Regional Giving Program reinforces CarMax's commitment to funding programs that improve local communities. The Regional Giving Program provides grants to qualifying nonprofit organizations that have programs focused on education and youth leadership. CarMax associates working within each of the regions select the local organizations to recommend for grants.
About the CarMax Foundation
The CarMax Foundation’s Regional Funding Program is designed to enrich the communities where our associates live and work. The Foundation is supported by CarMax and The CarMax Foundation funding programs are made available through a percentage of CarMax, Inc.’s net income from the prior years. CarMax, a Fortune 500 company, and one of the Fortune 2009 “100 Best Companies to Work For,” is the nation’s largest retailer of used cars. Headquartered in Richmond, Va., CarMax currently operates 100 used car superstores in 46 markets. The CarMax consumer offer is structured around four customer benefits: low, no-haggle prices; a broad selection; high quality vehicles; and customer-friendly service. During the twelve months ended February 28, 2009, the company retailed 345,465 used vehicles and sold 194,081 wholesale vehicles at our in-store auctions. For more information on The CarMax Foundation, visit http://www.carmaxcares.com/.
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Media Contacts
Trina H. Lee, Director, Public Relations, 804- 747-0422, ext. 4197, Twitter: @CarMaxInc
Michelle T. Ellwood, Public Affairs Coordinator, 804-747-0422, ext. 4139, Twitter: @CarMaxCares