TEXTRON – 2018 CORPORATE RESPONSIBILITY REPORT Our Commitment to Charitable Giving

Textron works diligently to build better communities and to be a responsible corporate citizen. Through active volunteerism and philanthropic giving, we work alongside non-profit organizations that address needs within our local communities.

In 2018, Textron, including its business units and the Textron Charitable Trust, gave more than $10 million to support the work these organizations do to better our communities.

2018 Charitable Contributions
Total: $10,019,464

THE TEXTRON CHARITABLE TRUST

The Textron Charitable Trust is a private, nonprofit charitable trust funded and operated by Textron Inc. The Trust provides philanthropic support for charitable or educational purposes as determined by its Contributions Committee which is comprised of several Textron officers and employees.
 

Textron’s charitable giving comes from two sources: Textron Inc., including its business units, and the Textron Charitable Trust.

Our direct charitable giving, which comprised three-quarters of our total 2018 charitable giving of more than $10 million, was made in the form of grants, event sponsorships and general funding, and is largely focused in two areas: Workforce Development & Education and Healthy Families/Vibrant Communities. Within these areas of focus, we support non-profit organizations that address issues related to workforce development, education, arts and culture, community revitalization and health and human services programs in communities where Textron has a major business presence.
 

60%  |  HEALTHY FAMILIES/VIBRANT COMMUNITIES  |  $5,956,525

The focus of these programs is to invest in the quality of life in the communities where we do business. A wide range of organizations fit this description, encompassing arts and culture, community revitalization and/or health and human services.

16%  |  WORKFORCE DEVELOPMENT & EDUCATION  | $1,610,246

These programs help develop our communities’ future workforce, providing educational experiences for people of all ages and socioeconomic backgrounds. They include job training and employment development, educational enrichment and mentoring programs for youth and college/university assistance.

17%  |  MATCHING GIFTS  | $1,730,029

Through the Textron Matching Gifts program, full time employee donations to 501(c)(3) organizations are matched dollar for dollar up to $7,500 per individual per calendar year. This program supports our employees by investing in the charitable organizations to which they choose to donate. The Textron Charitable Trust provides funding for the program. Approximately 1,700 employees made a charitable gift which was matched by Textron through the program in 2018.

7%  |  UNITED WAY  | $722,664

This amount reflects annual grants to the United Way made by Textron business units and the Textron Charitable Trust. The United Way partners with member agencies to support initiatives in education, employment, health and the creation of strong neighborhoods. In addition, each year, Textron businesses organize United Way employee giving campaigns to facilitate contributions to non-profit organizations that address local needs within our communities.

 

2018 Charitable Giving Highlights

 

TEXTRON SUPPORTS SMITHSONIAN’S NATIONAL AIR AND SPACE MUSEUM WITH A $10 MILLION GIFT

Textron pledged a $10 million gift (to be paid over 5 years), $4 million of which was paid in 2018, to support the transformation of the “How Things Fly” exhibition at the National Air and Space Museum’s flagship building in Washington, D.C. Construction on the gallery is scheduled to begin in 2022

BELL’S UNITED WAY CAMPAIGN

Bell’s United Way Campaign raised over $636,000 in nine days in Fort Worth and Amarillo with company-sponsored events such as silent auctions, firetruck pulls, cookouts and other activities.

TEXTRON AVIATION’S UPLIFT ORGANIZATION – AN EMPLOYEE-MANAGED NOT-FOR-PROFIT
Uplift is an employee-managed, 501(c)(3) not-for-profit organization created to offer assistance to employees in financial need and to improve the community. While the majority of fundraising efforts support United Way or similar organizations, some funds are retained to assist Textron Aviation employees in times of catastrophic need or are contributed to support additional non-profit organizations. In 2018, Textron Aviation and its employees showed tremendous generosity through the annual UPLIFT fundraising campaign by generating nearly $2.5 million in total pledges.

TEXTRON SYSTEMS PLEDGES SUPPORT FOR OUR MILITARY AND VETERANS

In 2018, Textron Systems pledged $20,000 in support of three organizations: K9 for Warriors, which provides service dogs to former military recovering from post-service trauma; Boulder Crest Retreat, which supports military, first responders and their family members; and Dog Tag Bakery, which offers a work-study program that gives veterans skills, education and experience to succeed as civilians.