Baldor Electric Company Foundation Inc
Baldor Electric Company Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2022 IRS Form 990-PF · View filing
Total Assets
$1.1M
-11.9% YoY
Annual Giving
$159K
-91.1% YoY
Grant Count
3
-25.0% YoY
Avg Grant Size
$53K
-88.1% YoY
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.
About Baldor Electric Company Foundation Inc
Based on IRS filings
Baldor Electric Company Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2022 | 2021 |
|---|---|---|
| Total Assets | $1,077,291 | $1,223,175 |
| Revenue | $36,886 | $812,015 |
| Expenses | $182,356 | $1,836,503 |
| Qualifying Distributions | $162,500 | $1,802,839 |
| Net Investment Income | $17,030 | $428,353 |
| Distributable Amount | $60,514 | $126,327 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2022
Grant Size Distribution
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2022 grants, the largest include United Way Worldwide ($82,900), Scholarship America ($56,000), Girl Scouts of America ($20,000).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2022 IRS filing
From 2022 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TRACY LONG | CHAIRMAN | — | — |
| JASON GREEN | SECRETARY | — | — |
| TRACY WINCHELL | TRUSTEE | — | — |
| SILKE SPIESSHOEFER | TRUSTEE | — | — |
| JOHN MARTINI | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Baldor Electric Company Foundation Inc?
Baldor Electric Company Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FORT SMITH, AR. It holds $1.1M in total assets as of 2022.
How large is Baldor Electric Company Foundation Inc?
As of 2022, Baldor Electric Company Foundation Inc holds $1.1M in total assets with $37K in annual revenue. It awarded 3 grants totaling $159K in 2022.
Where does Baldor Electric Company Foundation Inc operate?
Baldor Electric Company Foundation Inc has awarded grants in Arkansas, Minnesota, South Carolina, Virginia.
What size grants does Baldor Electric Company Foundation Inc award?
In 2022, Baldor Electric Company Foundation Inc awarded 3 grants totaling $159K — an average of about $53K per grant, based on its IRS Form 990 filings.
How much is Baldor Electric Company Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2022, Baldor Electric Company Foundation Inc reported a distributable amount of $61K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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