Hormel Foundation
/OVERVIEW: The Hormel Foundation supports efforts to provide food, shelter, clothing, quality healthcare, education, research, and quality of life in Minnesota.
FUNDING AREAS: Food, shelter, clothing, quality healthcare, education, research, quality of life
IP TAKE: This is a hyper-local foundation that gives big in Minnesota but pretty exclusively around just its home city of Austin.
PROFILE: Established in 1941, the Hormel Foundation is a family foundation based in Austin, Minnesota. This is the foundation of George Hormel, who developed the Hormel Foods Corporation and his son, Jay Hormel. It is one of the largest grantmakers in Minnesota. The foundation aims to "preserve the independence of the Hormel Foods Corporation, support the Austin, Minnesota community and area, and provide for the financial welfare of family heirs for the duration established by family trusts.” It funds local efforts for food, shelter, clothing, quality healthcare, education, research, and quality of life.
The Hormel Foundation supports a broad range of interests but often sticks basic needs with its grantmaking. It only awards grants for programs and service that directly affect people in the Austin, Minnesota area. It tends to fund the same well-established local organizations year after year. The annual grant application submission window is usually between June and September. The funder provides an application checklist of the required materials on its website.
In recent years, the foundation has awarded over $8 million in total grants annually. Learn more about this funder’s local giving by examining its recent tax records. Grantmaking focuses on Austin, Minnesota and the surrounding area. Past local grantees include Austin Public Schools, Cedar Valley Services, City of Austin, the Hormel Institute (a cancer research center), and Mayo Clinic Health Systems.
This foundation accepts unsolicited grant applications from nonprofits and uses an online grants management system. Direct general questions to the staff at info@thehormelfoundation.com or 507-437-9800.
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