Private Foundation · AL
Tractor And Equipment Company Foundation
Birmingham, AL · EIN 630718825 · Website (ProPublica) ↗ · 990s on ProPublica ↗
Assets
$88K
Total Giving
$498K
Grants on File
69
Average Grant
$7K
Giving Radius
Where Tractor And Equipment Company Foundation Has Given
Section I
How to Apply
Pursuant to Regulation 53.4945-1(d)(3), the Foundation has applied for advance approval of its grant making procedures. Pursuant to letter dated August 31, 1978, from the Internal Revenue Service, it was determined that the Foundation's procedures for the awarding of the scholarships complied with the requirements contained in Section 4945(g)(1) of the Code. Further, scholarships granted in accordance with such procedures would not constitute taxable expenditures within the meaning of Section 4945(d)(3).
On Unsolicited Proposals yes
Restrictions
Scholarships may be granted only to children whose parents are employees of Tractor & Equipment Company and who have either been accepted at or made proper application to be accepted at an accredited institution of higher education. The number of scholarship grants to be awarded annually is limited to not more than 25 percent of the number of employees' children who were eligible to attend an institution of higher education and who had either been accepted at such institutions or who had met the necessary criteria so that acceptance could be reasonably anticipated. The Tractor & Equipment Company Foundation selects the most qualified scholarship applicants from those submitting applications. The number of scholarships to be awarded in a given year, and the amount of such scholarship will have been determined by the foundation in advance of the submission of the applications to the foundation.
Section IV
Recent Grants
| Recipient | Amount | Year |
|---|---|---|
| Auburn University, AL | $12K | 2020 |
| Los Angeles, CA | $20K | 2020 |
| Mobile, AL | $8K | 2020 |
| Mountain Brook, AL | $5K | 2020 |
| Montgomery, AL | $5K | 2020 |
| Birmingham, AL | $7K | 2020 |
| Birmingham, AL | $12K | 2020 |
| Lexington, KY | $13K | 2020 |
| Birmingham, AL | $500 | 2020 |
| Birmingham, AL | $1K | 2020 |
| Birmingham, AL | $25K | 2020 |
| Birmingham, AL | $1K | 2020 |
| Odenville, AL | $2K | 2020 |
| Auburn, AL | $1K | 2020 |
| Birmingham, AL | $1K | 2020 |
| Tuscaloosa, AL | $3K | 2020 |
| Birmingham, AL | $10K | 2020 |
| Tuscaloosa, AL | $215 | 2021 |
| Mountain Brook, AL | $5K | 2021 |
| Florence, AL | $5K | 2021 |
| Odenville, AL | $2K | 2021 |
| Birmingham, AL | $15K | 2021 |
| Birmingham, AL | $1K | 2021 |
| Auburn University, AL | $3K | 2021 |
| Birmingham, AL | $25K | 2021 |
Page 1 of 3 · 69 total
Section VI
Filing History
Year-by-year financial summary from IRS 990-PF filings. Total assets and qualifying distributions show the foundation's growth and giving trajectory.
| Year | Total Assets | Qualifying Distributions | Total Revenue | Total Expenses |
|---|---|---|---|---|
| 2023 | $35K | $4K | $100K | $118K |
| 2022 | $53K | $3K | $50K | $90K |
| 2021 | $94K | $2K | $150K | $169K |
| 2020 | $113K | $4K | $125K | $128K |
| 2019 | $116K | $4K | $260K | $163K |
| 2015 | $27K | $2K | $100K | $109K |
| 2014 | $36K | $2K | $125K | $119K |
| 2013 | $31K | $2K | $125K | $113K |
| 2012 | $18K | $2K | $50K | $112K |
| 2011 | $81K | $6K | $3K | $110K |