Wednesday, March 23, 2011

Lockheed Martin Corporation Foundation

Lockheed Martin Corporation Foundation is committed to a program of philanthropy that supports the Corporation’s strategic business goals and invests in the quality of life in the communities where their employees work and live. Headquartered in Bethesda, Md., the Corporation employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture and integration of advanced technology systems, products and services.

Lockheed Martin’s philanthropic activities are administered by the communications representatives at the Corporation's operating units around the country and through the Corporation’s foundation at corporate headquarters.

In general, philanthropic contributions to national initiatives and organizations are made from corporate headquarters and contributions to local programs are made by Lockheed Martin sites close to the program.

Applications are accepted year-round. Evaluations are quarterly at corporate headquarters and many facilities. Some facilities prefer receiving applications in the second half of the year to consider for the following year's budget.

To be considered for grant funding, organizations must:
  1. Have a non-profit tax exempt classification under Section 501(c)(3) of the Internal Revenue Code, or be a public elementary/secondary school, or be a qualifying US-based institute of higher education
  2. Align with one or more of Lockheed Martin’s focus areas: Education, Customer & Constituent Relations, and Community Outreach
  3. Be located or operate in a community in which Lockheed Martin has employees. Company operations in: MD, AL, AZ, CA, CO, FL, GA, LA, MN, NJ, NM, NY, OH, PA, TX, VA, AR, HI, IL, MA, NE, NV, NH, OK, SC, WA, WV.
  4. Each organization is limited to one grant per year, except in unusual circumstances
  5. Demonstrate fiscal and administrative responsibility and stability and have an active, diverse board, effective leadership, continuity and efficiency of administration
Lockheed Martin will provide consideration to requests that best address the focus area targets and reflect the organizations effective leadership, fiscal responsibility, and programmatic success.

Is your chapter, business area or nonprofit organization interested in exploring this funding opportunity?

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