Foundation Announces New Wellness Focus to Mark Milestone
RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, announced today that The CarMax Foundation has marked a major community support milestone, granting $10 million to nonprofits since its inception in 2003. In celebration of this milestone, The CarMax Foundation is announcing that its charity focus will include wellness.
To kick off the celebration, The CarMax Foundation will double all Volunteer Team-Builder grants from $500 to $1,000 for any associate groups participating in charity walks or runs during the next twelve months. The Volunteer Team-Builder program allows associate groups of five or more to volunteer with local nonprofits of their choice.
“Reaching the $10 million milestone is a great achievement, as we continue to support wonderful organizations that are important to our associates and make positive impacts in our communities,” said Lynn Mussatt, president of The CarMax Foundation and vice president of business operations. “CarMax teams are regularly participating in charity walks and run events across the country. We expect the doubled team-builder grant will be an opportunity for The CarMax Foundation to give back in a big way to organizations important to our associates.”
This new wellness initiative goes hand in hand with the company’s culture of supporting associates as they make healthy lifestyle choices. The CarMax Foundation is a proud supporter of nonprofit programs focused on education and youth leadership and will now also provide grants to charities focused on wellness, nutrition and health awareness.
“We care about the health of our associates and are focused on offering a variety of wellness programs that support associate choices and lifestyle changes that lead to better health,” said Tom Folliard, CarMax president and CEO. “We are excited that our Foundation is now supporting the health of both our associates and our communities with its mission and grant programs.”
The CarMax Foundation was started in 2003 and has created numerous grant programs that support nonprofits in communities across the country. In addition to several charity grant programs that serve the company’s 51 markets, there are personal contribution options that allow associates to have donations taken directly from their paycheck and have their donations and volunteer hours matched by The CarMax Foundation. The Volunteer Team-Builder program has grown dramatically since 2003, with more than 250 volunteer projects completed already this year.
About The CarMax Foundation
The CarMax Foundation is designed to enrich the communities where our associates live and work. Funding programs are made available through a percentage of CarMax, Inc.’s net income from the prior years. CarMax, a member of the FORTUNE 500 and the S&P 500, and one of the FORTUNE 2011 “100 Best Companies to Work For,” is the nation’s largest retailer of used cars. Headquartered in Richmond, Va., CarMax currently operates 106 used car superstores in 51 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. For more information on The CarMax Foundation, visit http://www.carmaxcares.com.
Contacts
CarMax Media Contacts:
Michelle Ellwood, Public Affairs Coordinator, 804-747-0422, ext. 4139, Twitter: @CarMaxCares
Britt Farrar, Public Relations Manager, 804-747-0422, ext. 3473, Twitter: @CarMax