In its role as an engaged, responsible corporate citizen, Raytheon makes contributions to an array of non-profit organizations that advance the interests of the Company, its employees and other stakeholders. A prime example of these activities is Raytheon’s support for education. The Company actively promotes science, technology, engineering and math (STEM) education and the interest by young people in pursuing STEM careers both directly and through partnerships with and contributions to numerous organizations. The Company also has in place a matching gift program under which it matches the gifts of employees and directors to qualifying educational institutions and certain diversity-related scholarship funds. Additionally, the Company contributes to various education and research institutions which use the funding to advance activities relevant to the Company’s business.
Another key focus area for Raytheon is the support of members of the U.S. Military. Raytheon makes contributions to organizations that provide health, academic, skills training and social services, as well as financial aid, to current and former members of the U.S. Military and their families. The Company recently has extended its matching gift program to certain qualifying U.S. Military support organizations.
Raytheon corporate giving also extends to communities in which the Company operates and its employees live. The Company makes contributions and provides other support to agencies that provide an array of services, including disaster relief, to these communities. All of these activities are governed by an enterprise-wide policy on corporate giving and matching gifts, and related oversight processes and procedures.
Raytheon also engages with certain U.S. public policy research organizations tax-exempt under section 501(c)(3) of the Internal Revenue Code (“think tanks”) and similar types of organizations internationally. The Company has detailed policies and oversight procedures governing these think tank engagements, including a policy of only contributing to think tanks that publicly disclose their donors or otherwise provide sufficient information in their published research to identify applicable sources of funding.
The Public Affairs Committee of the Board of Directors, which is comprised entirely of independent directors, periodically receives reports on the Company’s contributions activities.