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 E. Rhodes & Leona B. Carpenter Foundation's Theological Education Grants program is designed to support graduate theological education. It is open to requests from United States and Canadian organizations that are recognized as public charities. This initiative underscores the Foundation’s dedication to advancing theological scholarship and education through financial support.