Tractor Supply Raises Over $1 Million for 2025 FFA Future Leaders Scholarships

Rhea-AI Summary

Tractor Supply Company (NASDAQ: TSCO) has raised over $1 million for its FFA Future Leaders Scholarship fund, bringing the three-year total to more than $3 million. The scholarship program, supported by a five-year, $5 million commitment from the Tractor Supply Foundation, provides $5,000 awards to students attending trade schools and two-year colleges for skilled trades or agriculture-related studies, and $10,000 scholarships for four-year agriculture-related majors. To date, 289 students have received scholarships. The program, which is the largest ag-related scholarship of its kind, is accepting applications for 2025 until January 9.

Positive

• Successfully raised over $1 million for scholarship fund
• Demonstrated consistent fundraising with $3 million total over three years
• Strong commitment with $5 million pledge over five years

Negative

• None.

Insights

Market Research Analyst

The $1 million fundraising achievement for FFA scholarships, while commendable for its social impact, has minimal direct financial implications for Tractor Supply's business performance. This initiative, part of a larger $5 million commitment, strategically positions TSCO to strengthen its relationship with the agricultural community and develop future talent pipelines. The scholarship program, supporting 289 students to date, demonstrates TSCO's long-term investment in rural communities - their core customer base.

The company's broader charitable giving of nearly $16 million in 2023 represents a small fraction of TSCO's operations, given their position as the largest rural lifestyle retailer with 2,270 stores across 49 states. While this reinforces their brand identity and community engagement, the financial impact on the $30.5 billion market cap company is negligible.

Annual fundraiser supports scholarships for FFA students pursuing in-demand skilled trades and agriculture-related majors

BRENTWOOD, Tenn.--(BUSINESS WIRE)-- Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, announced today it has raised more than $1 million to support the Tractor Supply FFA Future Leaders Scholarship fund. With this achievement, the annual fundraiser has generated a total of more than $3 million over three years. Tractor Supply FFA Future Leaders Scholarships are awarded to FFA students pursuing studies in the skilled trades and agriculture-related majors.

Annual fundraiser supports scholarships for FFA students pursuing in-demand skilled trades and agriculture-related majors. (Photo: Business Wire)

“Our customers share our commitment to the next generation of leaders Out Here, a fact they make evident through their continued support for this impactful scholarship fund,” said Marti Skold-Jordan, executive director of the Tractor Supply Foundation and National FFA Foundation Sponsors’ board member. “We are so proud of the young men and women who are pursuing their dreams with assistance from these scholarships. Our 2024 donation will enable even more students to have this opportunity, and we look forward to learning all about them during the application process.”

The FFA Future Leaders scholarship is the largest ag-related scholarship of its kind, and is funded by a five-year, $5 million commitment from the Tractor Supply Foundation. To date, scholarships have been awarded to 289 students. Students attending trade schools and two-year colleges to pursue a skilled trade or agriculture-related field are eligible to receive a $5,000 scholarship. Students pursuing agriculture-related four-year majors are eligible to receive a $10,000 scholarship. Previous recipients include:

• Rachel Boeder from Wrightstown, Wisconsin who is studying welding at Fox Valley Technical College.
• Davis Ince from Danville, Virginia. He is studying industrial technology at Danville Community College.
• Ryan Martinez from Yuma, Arizona, who hopes to pursue a career in agribusiness after graduating from the University of Arizona.
• Katharine Porter from Karnes City, Texas, a student studying agricultural education at West Texas A&M University.

“At FFA, we are cultivating the next generation of leaders,” said Molly Ball, president of the National FFA Foundation and chief marketing officer of the National FFA Organization. “We know our members will be filling the agriculture talent pipeline and are thankful that Tractor Supply and their customers can help make this possible through their Future Leaders Scholarship. We are thankful for our partnership with Tractor Supply and their continued commitment to FFA and agricultural education.”

FFA members may apply for the 2025 FFA Future Leaders Scholarship until January 9. To apply, visit ffa.org/participate/grants-and-scholarships/.

About The Tractor Supply Company Foundation
The Tractor Supply Company Foundation is committed to supporting vibrant rural communities for all by investing in the future of Life Out Here through today’s youth and being a good neighbor in the communities Tractor Supply calls home. Founded in 2020, the Foundation’s priority areas include supporting agriculture education initiatives through longstanding partnerships with FFA and 4-H, preserving and protecting land, pets and animals and supporting Hometown Heroes. The Foundation expands upon the charitable work of Tractor Supply Company, supporting causes that are important to customers and Team Members. In 2023, the Company donated nearly $16 million through direct giving, sponsorships, fundraisers and more. To learn more about The Tractor Supply Company Foundation, visit Corporate.TractorSupply.com/Community.

About Tractor Supply Company
For more than 85 years, Tractor Supply Company (NASDAQ: TSCO) has been passionate about serving the needs of recreational farmers, ranchers, homeowners, gardeners, pet enthusiasts and all those who enjoy living Life Out Here. Tractor Supply is the largest rural lifestyle retailer in the U.S., ranking 293 on the Fortune 500. The Company’s more than 50,000 Team Members are known for delivering legendary service and helping customers pursue their passions, whether that means being closer to the land, taking care of animals or living a hands-on, DIY lifestyle. In store and online, Tractor Supply provides what customers need – anytime, anywhere, any way they choose at the low prices they deserve.

As of September 28, 2024, the Company operated 2,270 Tractor Supply stores in 49 states. For more information on Tractor Supply, visit www.tractorsupply.com.

Tractor Supply Company also owns and operates Petsense by Tractor Supply, a small-box pet specialty supply retailer providing products and services for pet owners. As of September 28, 2024, the Company operated 205 Petsense by Tractor Supply stores in 23 states. For more information on Petsense by Tractor Supply, visit www.Petsense.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241202058005/en/

Tricia Whittemore (615) 440-4410

Mary Winn Pilkington (615) 440-4212

corporatecommunications@tractorsupply.com

Source: Tractor Supply Company

FAQ

How much has Tractor Supply (TSCO) raised for FFA scholarships in 2024?

Tractor Supply raised over $1 million for the FFA Future Leaders Scholarship fund in its latest fundraiser.

What is the total amount Tractor Supply (TSCO) has raised for FFA scholarships over three years?

Tractor Supply has raised more than $3 million over three years for FFA Future Leaders Scholarships.

How much are the Tractor Supply (TSCO) FFA Future Leaders Scholarships worth?

The scholarships are worth $5,000 for trade schools and two-year colleges, and $10,000 for four-year agriculture-related majors.

When is the deadline for the 2025 Tractor Supply (TSCO) FFA Future Leaders Scholarship?

The deadline to apply for the 2025 FFA Future Leaders Scholarship is January 9.