AUSTIN, Minn. –December 3, 2018 – The Hormel Foundation approved a budget of $8.4 million for 2019 grants to benefit the Foundation’s supported organizations. The supported organizations are the 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, The Salvation Army, United Way of Mower County and the YMCA of Austin.
The Hormel Institute, a world-renowned cancer research center, is the principal recipient of The Hormel Foundation’s annual contributions.
“These agencies do an outstanding job of identifying and addressing many of the needs of our community”, said Jeff Ettinger, chair of the Hormel Foundation. “We are also thankful for the hard work and success of the Hormel Foods team, as it is the dividends we receive from the Company that fund these initiatives.”
The Hormel Foundation has committed substantial additional funding, independent of the annual budget grants, to area community projects including the Rec Center, the MacPhail Music Center, and The Hormel Foundation Austin Assurance Scholarship Program.
Eighteen other local non-profit agencies will receive 2019 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 which provides approximately $65,000 in additional grants annually. These non-profit organizations include local youth sport programs and community art programs.
The Hormel Foundation Board of Directors
During the summer of 2018, James P. Snee, Chairman of the Board, President and CEO of Hormel Foods Corporation, and Michelle M. King, Attorney at Baudler, Maus, Forman & King LLP, were elected to serve as Directors on The Hormel Foundation board.
At the November 2018 board meeting, the Parenting Resource Center was added as a voting supported organization. Gema Alvarado-Guerrero, Executive Director of The Parenting Resource Center, will serve on the board as the appointed representative.