The Tractor and Equipment Company Foundation

How to apply

This foundation reports that it accepts applications.

PURSUANT TO REGULATION 53.4945-1(D)(3), THE FOUNDATION HAS APPLIED FOR ADVANCE APPROVAL OF ITS GRANT MAKING PROCEDURES, AND PURSUANT TO LETTER DATED AUGUST 31, 1978, FROM THE INTERNAL REVENUE SERVICE, IT WAS DETERMINED THAT THE FOUNDATION'S PROCEDURES FOR THE AWARDING OF THE SCHOLARSHIPS COMPLIED WITH THE REQUIREMENTS CONTAINED IN SECTION 4945(G)(1) OF THE CODE AND, FURTHER, THAT SCHOLARSHIPS GRANTED IN ACCORDANCE WITH SUCH PROCEDURES WOULD NOT CONSTITUTE TAXABLE EXPENDITURES WITHIN THE MEANING OF SECTION 4945(D)(3).

Deadlines: THE DEADLINE FOR SUBMISSION OF THIS APPLICATION IS MARCH 1 OF EACH YEAR.

Restrictions: SCHOLARSHIPS MAY BE GRANTED ONLY TO CHILDREN WHOSE PARENTS ARE EMPLOYEES OF TRACTOR & EQUIPMENT COMPANY AND WHO HAVE EITHER BEEN ACCEPTED AT OR MADE PROPER APPLICATION TO BE ACCEPTED AT AN ACCREDITED INSTITUTION OF HIGHER EDUCATION. THE NUMBER OF SCHOLARSHIP GRANTS TO BE AWARDED ANNUALLY IS LIMITED TO NOT MORE THAN 25 PERCENT OF THE NUMBER OF EMPLOYEES' CHILDREN WHO WERE ELIGIBLE TO ATTEND AN INSTITUTION OF HIGHER EDUCATION AND WHO HAD EITHER BEEN ACCEPTED AT SUCH INSTITUTIONS OR WHO HAD MET THE NECESSARY CRITERIA SO THAT ACCEPTANCE COULD BE REASONABLY ANTICIPATED. THE TRACTOR & EQUIPMENT COMPANY FOUNDATION SELECTS THE MOST QUALIFIED SCHOLARSHIP APPLICANTS FROM THOSE SUBMITTING APPLICATIONS. THE NUMBER OF SCHOLARSHIPS TO BE AWARDED IN A GIVEN YEAR, AND THE AMOUNT OF SUCH SCHOLARSHIP WILL HAVE BEEN DETERMINED BY THE FOUNDATION IN ADVANCE OF THE SUBMISSION OF THE APPLICATIONS TO THE FOUNDATION.

Check the foundation's own materials before applying; details may have changed.