The E. Rhodes and Leona B. Carpenter Foundation was established to continue the philanthropic legacy of its founders, focusing on supporting various charitable causes, mainly through significant funding received after the deaths of its founders. While operating independently, it honors the wishes of E. Rhodes and Leona B. Carpenter, emphasizing support in communities significant to the history of Carpenter Co.
The Foundation's grant program, specifically the Performing Arts Grants, aims to support public charities located in communities with a longstanding presence of Carpenter Co. manufacturing facilities. A particular emphasis is placed on supporting the performing arts within the Richmond, Virginia community, aligning with the Foundation's broader goal of benefiting the areas closely tied to the Carpenter Co.'s history and operations.