Hormel Foundation donates nearly $6 million to organizations
The Hormel Foundation recently approved more than $5.7 million in contributions to several Austin-area organizations.
The main recipient is the Hormel Institute .
The foundation does not release individual amounts that it donates to the various community organizations. Its five-year contribution history is: $3,385,222 in 2008 ; $4,175,045, 2009; $4,279,033, 2010; $4,739,097, 2011; and $5,754,483, 2012.
The institute is the principal recipient of the foundation's contributions, as established in 1942 by an agreement between the Board of Regents of the University of Minnesota and the Hormel Foundation.
The Hormel Institute conducts research and education in the biological sciences with the major focus on cancer prevention and control, and is a research partner with Mayo Clinic.
Since its inception in 1941, the foundation, a nonprofit organization, has contributed in excess of $85 million to the Austin area.
"The legacy of George A. and Jay C. Hormel in establishing the Hormel Foundation continues to strengthen Austin yet today," said Gary Ray, vice chairman of the foundation in a prepared release. "We can all be thankful for their vision and foresight in establishing a structure where funds can be provided to support important and meaningful programs for the benefit of people in our community."
The income from the gift of the estate of Edna Denbow Schrafel is used partially to fund a grant to Austin Public Schools. Distributions from the Adelaide Holton estate support an endowed professorship for the institute.
The foundation also serves as trustee for the Geo. A. Hormel Testamentary Trust. The 2012 contribution budget for the Testamentary Trust is $65,000. This trust has contributed more than $3 million to the Austin area since its inception in 1946.
In addition, there have been special contributions over the years, including science labs at Austin High School and Ellis Middle School; master's programs for teachers; gifted and talented programs; Cycles for Success scholarships; expansion of the Hormel Historic Home; and expansions at Arc of Mower County and Mower County Senior Center.
Organizations wishing to receive a foundation grant in 2013 should submit an application by Sept. 1. Applications may be obtained by contacting the foundation or by visiting its website, www.thehormelfoundation.com .