TEXTRON – 2019 CORPORATE RESPONSIBILITY REPORT
Textron and 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 2019, Textron, including its business units and the Textron Charitable Trust, gave more than $7.1 million to support the work these organizations do to better our communities.
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 2019 charitable giving, was made in the form of grants, event sponsorships and general funding, and is largely focused in three areas: Healthy Families/Vibrant Communities, Workforce Development & Education, and the United Way. 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.
34% HEALTHY FAMILIES/VIBRANT COMMUNITIES | $2,436,751
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.
34% WORKFORCE DEVELOPMENT & EDUCATION | $2,443,671
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.
10% UNITED WAY | $739,859
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.
22% MATCHING GIFTS | $1,579,533
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. In 2019, more than 1,900 employees made a charitable gift to over 1,200 organizations which was matched through the program.
THE TEXTRON CHARITABLE TRUST
The Textron Charitable Trust is a private, non-profit 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.
CHARITABLE GIVING HIGHLIGHTS
Textron Supports Smithsonian’s National Air and Space Museum with a $10 Million Gift
Textron has pledged a $10 million gift 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.
Support of the National Guard Education Foundation
Textron is a long-time supporter of the National Guard Education Foundation (NGEF) and a member of the Legion de Lafayette, a funding program comprised of the NGEF’s largest benefactors. In 2019, the Textron Charitable Trust’s $10,000 grant will support the NGEF’s work which includes operation of the National Guard Memorial Museum, Library and Archive, the National Guard Monument overlooking Omaha Beach in Normandy, France, and scholarship programs to benefit children of fallen Guardsmen.