The Tractor and Equipment Company
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
18
+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.
Mission & Focus Areas
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
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
Cities
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.
| 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.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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