The Tractor and Equipment Company
EIN 630718825Total Given 2020–2023
$498K
69 grants · $125K avg/year
based on 4 yrs of IRS 990-PF records on file
$100K+/yr
local funder
capacity
$5K
typical small grants · $2K–$10K
grant size
46%
supporter · 18/39 multi-year
repeat
$35K
Assets (2023)
39
Distinct Recipients
Focus Areas
Application Information
Accepts Unsolicited Proposals
Unknown
Contact Person
JAMIE STEELE
Phone
(205) 591-2131
Deadlines
THE DEADLINE FOR SUBMISSION OF THIS APPLICATION IS MARCH 1 OF EACH YEAR.
How to Apply
PURSUANT TO REGULATION 53.4945-1(D)(3), THE FOUNDATION HAS APPLIED FOR ADVANCE APPROVAL OF ITS GRANT MAKING PROCEDURES, AND 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 AND, FURTHER, THAT SCHOLARSHIPS GRANTED IN ACCORDANCE WITH SUCH PROCEDURES WOULD NOT CONSTITUTE TAXABLE EXPENDITURES WITHIN THE MEANING OF SECTION 4945(D)(3).
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.
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2020 | $126K | $113K | $125K | 17 |
| 2021 | $167K | $94K | $150K | 20 |
| 2022 | $90K | $53K | $50K | 16 |
| 2023 | $114K | $35K | $100K | 16 |
Grant Size Distribution
Based on 69 grants on record
Minimum
$215
25th Pctl
$2K
Median
$5K
Average
$7K
75th Pctl
$10K
Maximum
$25K
Geographic Distribution
Officers & Directors
JS
James Stracener
4+ yrs
President
Leadership
JS
Jamie Steele
4+ yrs
Secretary/Treasurer
Leadership
JS
James Stracener
4+ yrs
President
Leadership
JS
Jamie Steele
4+ yrs
Secretary/Treasurer
Leadership
JS
James Stracener
4+ yrs
President
Leadership
JS
Jamie Steele
4+ yrs
Secretary/Treasurer
Leadership
JS
James Stracener
4+ yrs
President
Leadership
JS
Jamie Steele
4+ yrs
Secretary/Treasurer
Leadership
Grants Awarded (69 total)
| Purpose | ||||
|---|---|---|---|---|
| Holy Family Cristo Rey | Birmingham, AL | $25,000 | CONTRIBUTION | 2020 |
| Holy Family Cristo Rey | Birmingham, AL | $25,000 | TO EMPOWER STUDENTS FROM ECONOMICALLY CHALLENGED COMMUNITIES TO GRADUATE HIGH SCHOOL PREPARED TO PERSIST IN COLLEGE... | 2021 |
| Uwa Foundation | Livingston, AL | $25,000 | TO PROVIDE OPPORTUNITIES FOR STUDENTS TO PURSUE A QUALITY EDUCATION | 2021 |
| University of California - Regents | Los Angeles, CA | $20,000 | SCHOLARSHIP FOR BRADY GREGORY | 2020 |
| Virginia Tech Fbo Levi May | Blacksburg, VA | $20,000 | SCHOLARSHIP | 2023 |
| University of Kentucky | Lexington, KY | $17,190 | SCHOLARSHIP FOR HARRISON HORNSBY | 2021 |
| Troy University | Troy, AL | $15,890 | SCHOLARSHIP | 2022 |
| Auburn University of Montgomery | Montgomery, AL | $15,383 | SCHOLARSHIP FOR MANDA BOOTHE | 2021 |
| Auburn University | Auburn University, AL | $15,227 | SCHOLARSHIP | 2022 |
| University of Alabama at Birmingham | Birmingham, AL | $15,000 | SCHOLARSHIP FOR MISTY ABSHER | 2021 |
| Auburn University Fbo Connor Cox | Auburn University, AL | $15,000 | SCHOLARSHIP | 2023 |
| Auburn University | Auburn University, AL | $14,522 | SCHOLARSHIP FOR CONNOR COX | 2021 |
| University of California - Regents | Los Angeles, CA | $13,652 | SCHOLARSHIP | 2022 |
| University of Kentucky | Lexington, KY | $13,405 | SCHOLARSHIP FOR HARRISON HORNSBY | 2020 |
| Auburn University | Auburn University, AL | $12,037 | SCHOLARSHIP FOR GEORGE COPELAN | 2020 |
| University of Alabama at Birmingham | Birmingham, AL | $11,516 | SCHOLARSHIP FOR MISTY ABSHER | 2020 |
| Faulkner University Fbo Manda Booth | Harpersville, AL | $11,406 | SCHOLARSHIP | 2023 |
| University of Alabama at Birmingham | Birmingham, AL | $10,456 | SCHOLARSHIP FOR CHANDLER BRYAN | 2020 |
| Monmouth University Fbo Caleigh Sho | West Long Branch, NJ | $10,000 | SCHOLARSHIP | 2023 |
| The Exceptional Foundation | Birmingham, AL | $10,000 | IN MEMORY OF DAN STRACENER - SUPPORTING SOCIAL AND RECREATIONAL ACTIVITIES FOR PEOPLE WITH PHYSICAL AND MENTAL CHALLENGES. | 2023 |
| University of Tennessee Fbo Zach Sn | Culleoka, TN | $10,000 | SCHOLARSHIP | 2023 |
| University of North Alabama Fbo Mak | Florence, AL | $10,000 | SCHOLARSHIP | 2023 |
| Troy University | Troy, AL | $8,620 | SCHOLARSHIP FOR LUKE JOHNSON | 2021 |
| University of South Alabama | Mobile, AL | $7,500 | SCHOLARSHIP FOR ASHTON COBB | 2020 |
| University of South Alabama | Mobile, AL | $7,500 | SCHOLARSHIP FOR ASHTON COBB | 2021 |