Textron Charitable Trust Dtd 122353
The Textron Charitable Trust is a private foundation based in Providence, Rhode Island, established in 1995. The trust is the philanthropic arm of Textron, reflecting the company's commitment to responsible corporate citizenship and improving quality of life in communities where Textron employees live and work.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.5M
+4.4% YoY
Annual Giving
$4.2M
+2.9% YoY
Grant Count
1,199
-2.8% YoY
Avg Grant Size
$4K
+5.9% YoY
Mission & Focus Areas
The Textron Charitable Trust supports nonprofit organizations aligned with two primary giving focus areas:
Healthy Families/Vibrant Communities
- Arts and Culture — with emphasis on outreach programs that enhance learning and target low and moderate income individuals
- Community Revitalization — including affordable housing and economic development in low-income areas
- Health and Human Service Organizations — such as food pantries, homeless shelters, health education and services for low-income residents
Workforce Development and Education
- Job Training and Employment Development — including school-to-work and welfare-to-work programs, job training for underserved audiences, literacy and ESL programs
- Enrichment and Mentoring Programs for Youth — such as quality after-school programs and youth development programs
- College/University Support — including scholarships
The foundation also supports organizations involved with the environment, animals and wildlife, minorities, women, and low-income individuals.
Grantmaking
The Textron Charitable Trust actively accepts applications and maintains multiple grant programs:
Grant Range
$1,000–$500,000
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Geographic Focus
Where this funder awards grants
The foundation funds organizations primarily in Texas, Kansas, and Rhode Island, with additional activity in Illinois, New York, Maryland, and other states.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2023–2024):
- Total assets: $9.5–$9.5 million
- Total annual giving: $4.1–$4.2 million
- Total revenue: $5.0 million
- Total expenses: $4.4 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,529,223 | $9,131,813 | $8,446,140 |
| Revenue | $4,844,511 | $5,052,547 | $6,483,421 |
| Expenses | $4,447,101 | $4,366,874 | $4,084,159 |
| Qualifying Distributions | $4,437,362 | $4,126,027 | $3,914,056 |
| Net Investment Income | $339,160 | $302,547 | $683,421 |
| Distributable Amount | $433,830 | $378,100 | $328,901 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
1 open opportunity from Textron Charitable Trust Dtd 122353
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Key trustees and officers include:
- Marie Claire Murphy — SVP, HR & Communications/Trustee
- Keith Watson — Director, Pension Investment/Trustee
- Julie Duffy — EVP
- E Robert Lupone — EVP, General Counsel, Corporate
- Mark Bamford — VP, Corporate Controller/Trust
- Maggie Topping — SVP, HR & Communications
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARIE CLAIRE MURPHY | SVP, HR & COMM./TRUSTEE | 1 | — |
| KEITH WATSON | DIR. PENSION INV./TRUSTEE | 1 | — |
| JULIE DUFFY | EVP | 0.25 | — |
| E ROBERT LUPONE | EVP, GENERAL COUNSEL CORP. | 0.25 | — |
| MARK BAMFORD | VP, CORP. CONTROLLER/TRUST | 2 | — |
| MAGGIE TOPPING | SVP HR & COMM. | 0.25 | — |
Recent News & Activity
Recent developments and announcements
Recent grant recipients in the health and human services category include Mental Health & Substance Abuse Coalition (Wichita, KS), Ronald McDonald House (Chicago, IL), Day One RI (Providence, RI), Clinica Esperanza/Hope Clinic (Providence, RI), and Rainbows United Inc (Wichita, KS). The foundation has also made significant investments in higher education, including support for engineering programs and initiatives serving underrepresented students at Kansas State University and Wichita State University.
Textron Aviation invests $100,000 in College of Engineering at Kansas StateSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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