RICHMOND,Virginia (May 5, 2014) - The CarMax Foundation recently granted $460,000 to Richmond-area nonprofits. The Foundation’s Richmond Giving Program supports programs focused on education, youth leadership and children’s healthy living. The grantees in CarMax’s hometown provide a variety of services that are positively impacting children and families.

Two examples of the more than 50 organizations benefiting from the grants include the Children’s Museum of Richmond (CMOR) and Elk Hill. The CarMax Foundation is once again investing in CMOR’s mission to inspire the potential in every child by creating an innovative learning experience. Funding will provide continued support of CMOR’s Kindergarten Preparedness program, which seeks to ensure that children and their caregivers are ready for formal learning. Research consistently shows that children who are well prepared for the transition to kindergarten have higher scores on achievement tests, are less likely to be held back in school and are less likely to be referred for special education services. The CarMax Foundation also supports CMOR through its board service program and volunteer team-builders.

The Foundation also will continue to strengthen its relationships with Elk Hill, located in Goochland. Elk Hill provides a healthy environment where young people and their families may receive specialized education, community based services and access to residential treatment programs to help re-direct their lives. In addition to the program grant recently awarded to Elk Hill, The Foundation also has supported the organization through its board service and volunteer team-builders. Since last summer, multiple CarMax teams have assisted Elk Hill with campus cleanups and holiday programming.

“We are thrilled to support the work of more than 50 local nonprofit organizations in the Richmond area,” said Mac Stuckey, president of The CarMax Foundation and assistant vice president and deputy general counsel. “The programs we are funding are not only vital to countless families, but give our associates the opportunity to create positive change in the communities where we live and work.”

In addition to these program grants, The CarMax Foundation has planned more than 50 volunteer team-builders with local nonprofits as part of CarMax Cares month in June. These service projects will lead to an additional $50,000 in volunteer grants for the local community.

About The CarMax Foundation
The CarMax Foundation is designed to enrich the communities where our associates live and work and has donated more than $20 million since 2003. Funding programs are made available through a portion of CarMax, Inc.’s pre-tax profits from prior years. CarMax, a member of the FORTUNE 500 and the S&P 500, and one of the FORTUNE “100 Best Companies to Work For” for 10 consecutive years, is the nation’s largest retailer of used vehicles. Headquartered in Richmond, Virginia. CarMax currently operates 134 stores in 66 markets. The consumer offer features low, no haggle prices, a broad selection of CarMax Quality Certified used cars, and superior customer service. During the 12 months ending February 28, 2014, the company retailed 526,929 used cars and sold 342,576 wholesale vehicles at our in-store auctions. For more information on The CarMax Foundation, visit http://www.carmaxcares.com.

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