TRW Foundation folds, giving away its $3.6 million

CLEVELAND (AP) - One day after its parent company was bought by defense contractor Northrop Grumman Corp., the TRW Foundation gave away $3.6 million in a final round of community grants in its hometown.

The 50-year-old foundation hand-delivered 70 checks to charities on Thursday.

The gifts went to nonprofits that TRW has traditionally supported, including the YMCA and YWCA, Children's Museum of Cleveland, United Black Fund and the Western Reserve Historical Society.

The largest gift, $1 million, went to United Way Services of Greater Cleveland.

Before the sale was approved, TRW gave its 68-acre headquarters complex to the Cleveland Clinic hospital.

Los Angeles-based Northrop Grumman closed its $7.8 billion acquisition of TRW Inc. on Wednesday when shareholders for both companies approved the deal.

TRW was based in suburban Lyndhurst.

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