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Baldor Electric Company Foundation Inc. is a private corporation based in FORT SMITH, AR. The foundation received its IRS ruling in 2022. The principal officer is Bridget Jones. It holds total assets of $1.1M. Annual income is reported at $158K. Total assets have grown from $313K in 2011 to $1.1M in 2022. The foundation is governed by 5 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2022. Funding is distributed across 4 states, including Virginia, Minnesota, Arkansas. According to available records, Baldor Electric Company Foundation Inc. has made 10 grants totaling $2.1M, with a median grant of $69K. Annual giving has decreased from $1.8M in 2021 to $318K in 2022. Individual grants have ranged from $8K to $1.5M, with an average award of $210K. The foundation has supported 5 unique organizations. The foundation primarily supports organizations in South Carolina, Minnesota, Virginia, which account for 70% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$8K
Median Grant
$145K
Average Grant
$446K
Largest Grant
$1.5M
Based on 4 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Baldor Electric Company Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 10 grants. Its grantmaking reaches organizations primarily in SC, MN, VA.
Baldor Electric Company Foundation Inc. has distributed a total of $2.1M across 10 grants. The median grant size is $69K, with an average of $210K. Individual grants have ranged from $8K to $1.5M.
Baldor Electric Company Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Baldor Electric Company Foundation Inc. is headquartered in FORT SMITH, AR. While based in AR, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Tracy Long | CHAIRMAN | $0 | $0 | N/A |
| Jason Green | SECRETARY | $0 | $0 | N/A |
| Tracy Winchell | TRUSTEE | $0 | $0 | N/A |
| Silke Spiesshoefer | TRUSTEE | $0 | $0 | N/A |
| John Martini | TRUSTEE | $0 | $0 | N/A |
Total Giving
$182K
Total Assets
$1.1M
Fair Market Value
$1.1M
Net Worth
$1.1M
Grants Paid
$159K
Contributions
N/A
Net Investment Income
$17K
Distribution Amount
$61K
Total: $1.1M
Total Grants
10
Total Giving
$2.1M
Average Grant
$210K
Median Grant
$69K
Unique Recipients
5
Most Common Grant
$20K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Dodge Industrial FoundationCONTRIBUTION | Simpsonville, SC | $1.5M | 2021 |
| United Way WorldwideCONTRIBUTION | Alexandria, VA | $83K | 2022 |
| Scholarship AmericaSCHOLARSHIPS GRANTED TO BALDOR ELECTRIC COMPANY EMPLOYEES' CHILDREN | Saint Peter, MN | $56K | 2022 |
| Girl Scouts Of AmericaCONTRIBUTION | Fort Smith, AR | $20K | 2022 |
| Beard Elementary SchoolCONTRIBUTION | Fort Smith, AR | $8K | 2021 |