Heywood sponsored many philanthropic causes, including Manchester Mechanics' Institute, Chetham's Hospital, Manchester Grammar School and Owens College. He was selected as High Sheriff of Lancashire for 1888.
He married Eleanor Barton, daughter of Richard Watson Barton, on 7 September 1847; they had no children.
- First Honorary Freeman of the City of Manchester, 1888
- A grade II listed statue by Albert Bruce-Joy stands in Albert Square, Manchester, unveiled 1894.
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