The Hormel Foundation approved $10.6 million in grants as part of its annual contribution budget for 2021.

Relationship to the Hormel Foods Company

The Foundation was created to fulfill three primary responsibilities: preserve the independence of the Hormel Foods Corporation, support the Austin, MN community and area, provide for the financial welfare of family heirs for the duration established by family trusts. These responsibilities have been affirmed by the Supreme Court of Minnesota, and they have been fulfilled for over 75 years. The Foundation controls more than 48% of Hormel Foods’ stock and would vote against any proposal to purchase the Corporation.

Dedicated to the support of
local organizations
since 1941

Continuing the legacy of George and Jay Hormel, The Hormel Foundation is proud to be a part of initiatives that will improve the quality of life in our community.

**Austin Assurance Scholarship**
In partnership with Riverland Community College, Austin Public Schools and Pacelli Catholic Schools, graduating students of Austin Public Schools and Pacelli Catholic Schools have the opportunity to obtain a two-year college degree from Riverland Community College starting in fall 2019, tuition-free.

Vision 2020 Austin, MN — **Austin Community Rec Center**
A Foundation grant of $25 million, $5 million from Hormel Foods, $6.6 million from a public fundraising campaign and partnerships with the City of Austin and the YMCA, has made the Community Rec Center possible. The public has free access to parts of the new recreation center within an indoor playground, youth center and community gathering space.

**Austin High School Annex and MacPhail Center for Music**
In partnership with Austin Public Schools and Austin's MacPhail Center for music, renovations and the construction of a second story onto the annex of the high school will house both the high school music programs and Austin’s MacPhail Center for Music.

The Hormel Foundation
to Donate $10.6 Million to
Community Non-Profits
Board of Directors Announces 2021 Distribution

Austin, Minn. (Nov. 19, 2020) – The Hormel Foundation reached over $300 million given to the community with its latest distributions planned for 2021. On Wednesday the board of directors approved $10.6 million in grants that will be distributed to 14 local nonprofit organizations.
"This is only possible due to the visionary plan established in 1941 by George and Jay Hormel, and the generations of hardworking employees of Hormel Foods,” said Jeffrey M. Ettinger, chair of The Hormel Foundation.
“These grants make a significant impact on peoples’ lives and have allowed us to help strengthen and benefit the lives of the people who live, work and are educated here. The important missions of these organizations impact all aspects of life whether education or art, medical research or recreation.”
The Foundation's supported organizations are Austin Area Foundation, Austin Community Charitable Fund, Austin Community Growth Ventures, Austin Community Scholarship Committee, Austin Public Schools, Cedar Valley Services, City of Austin, The Hormel Institute, Mayo Clinic Health Systems - Austin, Parenting Resource Center, Riverland Community College, Salvation Army, United Way of Mower County and the YMCA of Austin. The Hormel Institute, a world-renowned cancer research center and part of University of Minnesota, is the principle recipient of The Hormel Foundation's annual contributions.
The Hormel Foundation committed approximately $425,000 in additional funding, independent of the annual grants, to other community projects such as funding in support of COVID-19 relief. These include the Austin Community Charitable Fund for a gift card program benefiting the Salvation Army, Austin Public Library for 200 hotspots, Nexus-Gerard Family Healing and Comprehensive Human Services Foundation for mental health services and SEMCAC Community Action Agency for senior meals.
19 local non-profit agencies will receive 2021 grant funds from the George A. Hormel Testamentary Trust. The Hormel Foundation serves as trustee for the George A. Hormel Testamentary Trust, a private grant fund that provides approximately $65,000 in additional grants annually. These non-profit organizations include local youth sport programs and community art programs.

The Hormel Foundation Assurance Scholarship Program

The Hormel Foundation has announced that the foundation will help future seniors of Austin Public Schools and Pacelli Catholic Schools obtain a two-year college degree from Riverland Community College starting in fall 2019, tuition-free, thanks to its partnership with Riverland Community College, Austin Public Schools and Pacelli Catholic Schools.

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The Hormel Foundation Makes Leadership Transition

On August 15th, 2018, The Hormel Foundation Board of Directors elected Jeffrey M. Ettinger as Chair, succeeding Gary J. Ray who retired after 22 years on the board.