Baldor Electric Company Foundation Inc
Baldor Electric Company Foundation Inc is a private foundation, based in Fort Smith, AR. IRS filing data is available from 2021 through 2022. As of 2022, the organization holds $1.1M in total assets. In 2022, it awarded 3 grants totaling $159K. Net investment income was $17K.
Baldor Electric Company Foundation Inc at a glance
In short: Baldor Electric Company Foundation Inc gave $159K across 3 grants in 2022 (avg $53K), mostly in Virginia. Source: 2022 IRS Form 990-PF.
- Annual giving (2022)
- $158,900
- -91.1% vs 2021
- Grants made (2022)
- 3
- -25.0% vs 2021
- Average grant
- $52,967
- -88.1% vs 2021
- Median grant
- $56,000
- Total assets
- $1,077,291
- -11.9% vs 2021
- Primary geography
- Virginia (52% of itemized 2022 grant dollars)
- Latest 990 filing
- Form 990-PF, 2022 View filing
Data from IRS Form 990-PF, 2022; updated September 2026.
Who Baldor Electric Company Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2022
The largest 2022 recipient was United Way Worldwide ($83K). Together the top 3 received $159K.
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 2 grants of 7 (29%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2022 grant dollars across all 3 itemized grants.
Cities
How Baldor Electric Company Foundation Inc gives
- In 2022 it paid out 269% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2022, annual grant giving ranged from $159K (2022) to $1.8M (2021). In 2022 it made 3 grants totaling $159K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| United Way Worldwide Alexandria, VA | Contribution | $82,900 |
| Scholarship America Saint Peter, MN | Scholarships Granted to Baldor Electric Company Employees' Children | $56,000 |
| Girl Scouts of America Fort Smith, AR | Contribution | $20,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2022 | $1,077,291 | $36,886 | $182,356 | $158,900 | 3 | $162,500 | $17,030 | $60,514 |
| 2021 | $1,223,175 | $812,015 | $1,836,503 | $1,785,839 | 4 | $1,802,839 | $428,353 | $126,327 |
Under IRS private-foundation payout rules, Baldor Electric Company Foundation Inc reported a distributable amount of $61K for 2022 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Baldor Electric Company Foundation Inc is led by Tracy Long, Chairman on every filing since 2021; none of the 5 officers listed in 2022 report compensation.
Officers on the 2022 filing
Tracy Long
Chairman
On filings since 2021
No compensation reported
John Martini
Trustee
On filings since 2021
No compensation reported
Silke Spiesshoefer
Trustee
On filings since 2021
No compensation reported
Tracy Winchell
Trustee
On filings since 2021
No compensation reported
Jason Green
Secretary
On filings since 2021
No compensation reported
Data from IRS Form 990 filings, 2021–2022. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Baldor Electric Company Foundation Inc
How much does Baldor Electric Company Foundation Inc give each year?
Baldor Electric Company Foundation Inc gave $159K across 3 grants in 2022, according to its 2022 IRS Form 990-PF. In 2021 it gave $1.8M across 4 grants.
What is Baldor Electric Company Foundation Inc's typical grant size?
Baldor Electric Company Foundation Inc's median grant in 2022 was $56,000, and its average grant was $52,967, across 3 grants on its 2022 IRS Form 990-PF.
Where does Baldor Electric Company Foundation Inc give grants?
Baldor Electric Company Foundation Inc gives mostly in Virginia: 52% of the grant dollars itemized on its 2022 IRS Form 990-PF went to recipients there. The next largest states were Minnesota (35%) and Arkansas (13%).
Does Baldor Electric Company Foundation Inc give general operating support?
Not in 2022: none of the 3 grants with a stated purpose on Baldor Electric Company Foundation Inc's 2022 IRS Form 990-PF were described as general or operating support.
How large is Baldor Electric Company Foundation Inc?
Baldor Electric Company Foundation Inc reported $1.1M in total assets on its 2022 IRS Form 990-PF. It paid out $163K in qualifying distributions that year, against a required minimum of $61K (roughly 5% of its investment assets).
What is Baldor Electric Company Foundation Inc's EIN?
Baldor Electric Company Foundation Inc's EIN (Employer Identification Number) is 26-3738996. IRS Form 990 filing data is available on this page for 2021–2022.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2022
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