Hormel Foundation
A Minnesota foundation created in 1941 by George A. and Jay C. Hormel that both safeguards the independence of Hormel Foods, whose stock it largely controls, and channels the resulting dividends into grants for the Austin, Minnesota community.
Financial profile
Hormel Foundation · EIN 41-0694716 · 501(c)(3)
| Fiscal year | Total revenue | Contributions | Program services | Total expenses | Net assets | Year end |
|---|---|---|---|---|---|---|
| FY2023 | $37,415,875 | $1,200 | $0 | $29,418,311 | $1,029,415,916 | Nov 2023 |
| FY2022 | $34,366,937 | $1,800 | $0 | $28,627,138 | $1,503,247,113 | Nov 2022 |
| FY2021 | $93,848,142 | $62,695,118 | $0 | $32,074,053 | $1,344,088,700 | Nov 2021 |
| FY2020 | $29,596,789 | $1,820 | $0 | $18,582,274 | $1,431,709,466 | Nov 2020 |
| FY2019 | $76,811,912 | $50,167,777 | $0 | $21,094,632 | $1,336,167,923 | Nov 2019 |
| FY2018 | $25,370,690 | $8,798 | $0 | $26,467,945 | $1,282,099,320 | Nov 2018 |
Figures exactly as reported. A blank cell was blank on the form. The fiscal year links to the filing.
Peer societies
Five societies Hormel Foundation is read alongside.
BF
Batonga Foundation
A century old Gainesville area chamber that functions as a networking hub and source of legitimacy for small…
1 companies named
LF
Livestrong Foundation
An Austin based cancer foundation that delivers free support services directly to anyone facing cancer…
15 companies named
BF
Boselli Foundation
A Moscow chamber and visitor center working to strengthen the business community while preserving the quality…
QLF
Quebec-Labrador Foundation
A pioneer of community based conservation that for sixty five years has empowered people across borders and…
T2F
Turn 2 Foundation
A ballplayer's youth foundation that steers young people toward healthy lifestyles and leadership, turning a…
71 companies named
Who backs HF
No public supporter list found as of September 2026.
Who backs Hormel Foundation's peers, but not Hormel Foundation
Companies named publicly by at least one of Hormel Foundation's five peer societies, and not found in Hormel Foundation's reviewed public records.
The outside view
A Minnesota foundation created in 1941 by George A. and Jay C. Hormel that both safeguards the independence of Hormel Foods, whose stock it largely controls, and channels the resulting dividends into grants for the Austin, Minnesota community.
- Authority
- Preserve
- Outward
- Operational
Their shape
The Legacy
Faithful to what was handed down.
The Legacy is devoted to continuity, carrying a tradition and an identity across generations. Its gift is stability and deep institutional memory, its challenge is making room for change.
Also reads toward The Citadel and The Village.
Strengths
Not an official page of Hormel Foundation. Sociogene does not consult. Everything here comes from public sources, dated and linked. Something wrong here? Tell us what we missed.