Hormel Foundation approves more than $4.1 million in contributions
Published 10:38 am Friday, December 5, 2008
The Hormel Foundation recently approved more than $4.1 million in contributions for 2009. In the last 40 years, the foundation has contributed in excess of $68 million to the Austin area.
The University of Minnesota’s Hormel Institute is the principal recipient of The Hormel Foundation’s contributions, as established in 1942 by an agreement between the board of regents of the University of Minnesota and The Hormel Foundation. Funds received by The Hormel Institute are used to conduct research and education in the biological sciences. Institute research projects currently relate to heart disease, cancer, diabetes and obesity. The institute derives most of its operating budget through grants and contracts from the National Institutes of Health and other agencies.
In addition to The Hormel Institute, grants were approved for the benefit of the following Austin area organizations:
American Red
Cross-Mower County Chapter
Austin Area Foundation
ARC Mower County
Austin Spamtown Freedom Festival
Austin Community Scholarship
Committee
Austin Fire Department
Austin Medical Center
Austin Public
Education Foundation Inc.
Cedar Valley Services Inc.
City of Austin
Girl Scout Council of River
Trails Inc.
Habitat for Humanity
Hormel Historic Home
Mediation Center
Mower Council for
the Handicapped Inc.
Mower County Mentoring Program
Parenting Resource Center
Salvation Army
Twin Valley Boy Scout Council
United Way of Mower County Inc.
Wapiti Meadows Community
Technologies and Services
Welcome Center
YMCA of Austin
The income from the gift of the Estate of the late Edna Denbow Schrafel is used partially to fund the grant to the Austin Public Education Foundation.
The Hormel Foundation also serves as trustee for the Geo. A. Hormel Testamentary Trust. The 2009 contribution budget for the Testamentary Trust is in the amount of $75,000. This Trust has contributed more than $3 million to the Austin area since inception in 1947.
The following Mower County organizations will benefit from the Testamentary Trust:
American Legion Post 91
Apple Lane Child Care Center
Austin Jr. All Stars Baseball Inc.
Austin Area Catholic Schools
Austin Area Commission
for the Arts
Austin Area VFW Post No. 1216
Austin Convention and Visitors
Bureau
Austin Girls Youth Fast Pitch
Association
Austin Symphony Orchestra
Austin Youth Baseball
Austin Youth Basketball
Austin Youth Football
Austin Youth Hockey
City of Austin-Chamber of
Commerce
Girl Scout Council of River Trails
Inc.
Hormel Historic Home Inc.
KSMQ Public Television
Matchbox Children’s Theatre
Math Masters of Minnesota
Meals on Wheels
Mower County Historical Society
Mower County Humane Society
The Northwestern Singers
Austin area organizations wishing to benefit from contributions of The Hormel Foundation in 2010 should submit an application before Sept. 1, 2009.
Applications can be obtained by contacting The Hormel Foundation or by visiting their Web site at www.thehormelfoundation.com.