Austin,
Minn. (Nov. 17, 2022) - On Wednesday The Hormel Foundation board of directors
approved record distributions of $21.1 million for nonprofit agencies in the
Austin/Mower community for 2023.
“It
is a great honor for the board of The Hormel Foundation to be able
to distribute these funds to nonprofit organizations that benefit so many
members of our community,” said Jeffrey M. Ettinger, chair of The Hormel
Foundation. “We can all be thankful to Hormel Foods’ employees for their
dedicated effort, hard work and success in generating these funds. We
continue to benefit from the foresight of the founders of The Hormel Foundation
who created a plan 81 years ago to ensure that our community would benefit
throughout generations."
The Hormel Foundation’s grants advance the missions
of nonprofit organizations in Austin and Mower County. Those 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 Austin Assurance Scholarship, a pioneering program started by The Hormel
Foundation in 2019, received a significant grant to support the program
for 2023. This program provides scholarships for Austin Public Schools and
Pacelli High School students to use at Riverland Community College in
Austin, Albert Lea or Owatonna. To qualify, students must meet
certain requirements, including academic goals and volunteer service in
the community.
As part of the
overall distribution, a record grant was directed to The Hormel Institute. Now
in its 80th year and started by The Hormel Foundation in 1942, The Hormel
Institute cancer and biomedical research center is the major recipient of
foundation distributions. The Hormel Foundation supported major expansions
developing the state-of-the-art research center in 1960, 2008 and 2016.