Textron is committed to responsible corporate citizenship and helping improve the quality of life in communities where our employees live and work. The Textron Charitable Trust and Textron Inc., including its business units, provide philanthropic support for nonprofit agencies that align with our giving focus and involve the volunteer efforts of our employees.
In 2020, the trust and Textron businesses gave nearly $11 million to support the work these organizations do to better our communities.
Our direct charitable giving, which comprised three-quarters of our total 2020 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.
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.
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.
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.
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 2020, more than 1,600 employees made a charitable gift to more than 1,300 organizations which was matched through the program.
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.