The Tractor and Equipment Company

BIRMINGHAM, AL EIN: 63-0718825

The Tractor and Equipment Company Foundation is a private foundation (501(c)(3)) based in Birmingham, Alabama. Established in August 1978, it operates as a grantmaking organization dedicated to supporting educational and charitable initiatives.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$88K

+149.4% YoY

Annual Giving

$95K

-16.4% YoY

Grant Count

+12.5% YoY

Avg Grant Size

$5K

-25.7% YoY

Under IRS private-foundation payout rules, The Tractor and Equipment Company reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

Primary funding areas include:

Education: Scholarship programs for students at universities
Human Services: Support for charitable organizations
Health: Maternal and child health initiatives

Grantmaking

The foundation primarily funds organizations in Alabama, Virginia, and Tennessee.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Alabama $426K (72%)

Virginia $40K (7%)

California $35K (6%)

Kentucky $31K (5%)

Tennessee $25K (4%)

New Jersey $20K (3%)

Georgia $12K (2%)

Illinois $5K (1%)

States

Alabama California Georgia Illinois Kentucky New Jersey Tennessee Virginia

Cities

ArlingtonAuburnAuburn UniversityBirminghamBlacksburgBlountsvilleChicagoClevelandCordovaCulleokaDothanFlorenceHahiraHarpersvilleLawrencevilleLexingtonLivingstonLoganvilleLos AngelesMobile

Financial History

Multi-year comparison from IRS filings

Most Recent (2024):

Total Assets: $88,196
Total Revenue: $152,324
Total Expenses: $99,494
Net Income: $52,830

Prior Year (2023):

Total Assets: $35,366
Total Revenue: $100,000
Total Expenses: $117,868

Staffing: The foundation operates with 0 employees.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$88,196	$35,366	$53,234
Revenue	$152,324	$100,000	$50,000
Expenses	$99,494	$117,868	$90,454
Qualifying Distributions	$99,494	$117,868	$90,454
Net Investment Income	—	—	—
Distributable Amount	$6,629	$4,433	$2,572

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

87 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include University of Tennessee Fbo Zach Sn ($10,000), Monmouth University Fbo Caleigh Sho ($10,000), Makayla Bryant ($9,106).

Recipient	Purpose	Amount
AUBURN UNIVERSITY FBO CONNOR COX AUBURN UNIVERSITY, AL	SCHOLARSHIP	$6,600
FRIENDS OF ODENVILLE PUBLIC LIBRARY ODENVILLE, AL	SUPPORTING THE PUBLIC LIBRARY	$2,500
BRYAN NOLAND FBO CONNOR COX BIRMINGHAM, AL	SCHOLARSHIP	$8,400
UNIVERSITY OF ALABAMA AT BIRMINGHAM BIRMINGHAM, AL	SCHOLARSHIP	$7,938
FAULKNER UNIVERSITY FBO MANDA BOOTH HARPERSVILLE, AL	SCHOLARSHIP	$3,913
QUATERBACKING CHILDRENS HEALTH FOUNDATION BIRMINGHAM, AL	TO FULFILL MEDICAL NEEDS FOR CHILDREN, WHOSE NEEDS WOULD OTHERWISE BE UNMET	$1,000
MARCH OF DIMES ARLINGTON, VA	TO HELP MOMS HAVE FULL-TERM PREGNANCIES AND RESEARCH THE PROBLEMS THAT THREATEN THE HEALTH OF BABIES	$5,000
TROY UNIVERSITY FBO CHRIS SIMER TROY, AL	SCHOLARSHIP	$3,641
UNIVERSITY OF TENNESSEE FBO ZACH SN CULLEOKA, TN	SCHOLARSHIP	$10,000
CHRIS SIMER DOTHAN, AL	SCHOLARSHIP	$7,800

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
W CHAD STRACENER	PRESIDENT	0.5	—
JAMIE STEELE	SECRETARY/TREASURER	0.5	—

Frequently Asked Questions

What does The Tractor and Equipment Company fund?

The foundation primarily funds scholarships to provide opportunities for students to pursue quality education. Additionally, the foundation supports charitable causes, with a particular focus on maternal and child health initiatives. Primary funding areas include: • **Education**: Scholarship programs for students at universities • **Human Services**: Support for charitable organizations • **Health**: Maternal and child health initiatives

How do I apply for a grant from The Tractor and Equipment Company?

**Grant Activity:** • Made 16 grants in 2023 • Total giving: $114,035 (2023) • Typical award range: $215–$25,000 **Recent Grants (2023):** • The Exceptional Foundation: $10,000 (supporting social and recreational activities for people with physical and mental challenges) • March of Dimes: $5,000 (supporting full-term pregnancies and research on threats to baby health) • Scholarship program: $89,535 distributed to 10 students at various universities • Charitable program: $24,500 distributed to 6…

What size grants does The Tractor and Equipment Company award?

In 2024, The Tractor and Equipment Company awarded 18 grants totaling $95K — an average of about $5K per grant, based on its IRS Form 990 filings.

How much is The Tractor and Equipment Company required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Tractor and Equipment Company reported a distributable amount of $7K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Tractor and Equipment Company's EIN?

The Tractor and Equipment Company's EIN (Employer Identification Number) is 63-0718825. IRS Form 990 filing data is available on this page for 2020–2024.