Textron Charitable Trust 540 008
- Assets
- $8.4m
- Revenue
- $6.5m
- Investments
- $4.0m
- Employees
- 0
- Location
- Providence, RI
- Founding
- 02/1995
- Data as of
- 12/2022
- EIN
- 25-6115832
Organization Overview
Textron Charitable Trust 540 008 is located in Providence, RI. The organization was established in 1995. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Textron Charitable Trust 540 008 is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Textron Charitable Trust 540 008 generated $6.5m in total revenue. All expenses for the organization totaled $4.1m during the year ending 12/2022.
Since 2020, Textron Charitable Trust 540 008 has awarded 3,757 individual grants totaling $11,716,596. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marie Claire Murphy Svp, Hr & Comm./trustee | 1 | $0 | |
Keith Watson Dir. Pension Inv./trustee | 1 | $0 | |
Julie Duffy Evp | 0.25 | $0 | |
E Robert Lupone Evp, General Counsel Corp. | 0.25 | $0 | |
Mark Bamford Vp, Corp. Controller/trust | 2 | $0 | |
Maggie Topping SVP Hr & Comm. | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,800,000 |
| Interest on Savings | $77,060 |
| Dividends & Interest | $40,767 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $565,594 |
| Capital Gain Net Income | $565,594 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,483,421 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,387 |
| Total operating and administrative expenses | $170,103 |
| Contributions, gifts, grants paid | $3,914,056 |
| Total expenses and disbursements | $4,084,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,416,575 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,029,565 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,446,140 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Textron Charitable Trust 540 008 has awarded $3,914,056 in support to 1,225 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST WORKS PURPOSE: GENERAL SUPPORT TO ARTS & CULTURE | $15,000 |
PROVIDENCE CHILDREN'S MUSEUM PURPOSE: GENERAL SUPPORT TO ARTS & CULTURE | $7,500 |
KENNEDY CENTER PERFORMING ARTS PURPOSE: GENERAL SUPPORT TO ARTS & CULTURE | $25,000 |
PROVIDENCE PERFORMING ARTS CTR PURPOSE: GENERAL SUPPORT TO ARTS & CULTURE | $10,000 |
RIVERZ EDGE ART PROJECT PURPOSE: GENERAL SUPPORT TO ARTS & CULTURE | $10,000 |
THE STEEL YARD PURPOSE: GENERAL SUPPORT TO ARTS & CULTURE | $20,000 |