Mission
Is operated for the benefit of, and to assist in performing the functions and in carrying out the purpose of the Supported Organizations.
Public Charity
The Hormel Foundation
Based in Austin, MN, The Hormel Foundation operates as a Public Charity. The organization reported $40.1M in revenue, $37.9M in expenses, $911.7M in total assets for fiscal year 2025. Imperigo tracks 83 reported grants from this foundation totaling approximately $173.2M.
EIN: 410694716
Austin, MN
Public Foundations
NTEE: T30
Latest filing: 2025
Total Revenue$40.1M
Total Expenses$37.9M
Total Assets$911.7M
Grants Given83
Grant Total$173.2M
Filing Years2021–2025
Where $100 goes at The Hormel Foundation
How The Hormel Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 6 years.
$97
Programs
the work itself
$3
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $97 for programs
$97
To provide grant funding and assistance to the supported organizations in the Austin, MN area
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Before you apply to The Hormel Foundation
Who to contact, what to include, deadlines, typical grant size and geographic focus are available with membership.
Sample Grants Given
University of Minnesota-The Hormel Institute
Support of Operations
$22,611,300
Community Projects
$5,380,000
Riverland Community College
Scholarships and Educational Programs
$4,044,739
Austin Public Schools
Educational Programs
$1,486,193
Support of various tax-exempt programs
$1,247,893
Showing up to 5 of 83 total records — full history available with membership.
Officers & Directors
Director
B B Rietz
Director
D B Baker
Director
D S Aakre
Director
J A Woodard
Director
J E Poppe
Director
J Hernandez
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $40.1M | $37.9M | $911.7M |
| 2024 | $40.8M | $33.6M | $1.2B |
| 2023 | $37.4M | $29.4M | $1.1B |
| 2022 | $34.4M | $28.6M | $1.5B |
| 2021 | $93.8M | $32.1M | $1.4B |
Between 2021 and 2025, reported annual revenue declined from $93.8M to $40.1M (-57%), with total assets most recently reported at $911.7M.
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in MN.
MN
Full geographic grant map with state-by-state breakdown available with membership.