Hormel Foundation General Information

The bulk of the assets that were contributed to establish The Hormel Foundation bore restrictions that permit grants only to organizations in the Austin and/or Mower County area.
Grants are made only to organizations ruled tax exempt by the Internal Revenue Service and no grants are made to individuals. Recipient organizations must be operated for charitable, educational or scientific purposes with no part of their funds inuring to the benefit of any private shareholder or individual.
The Foundation prefers to participate with other donors.
No grants are made to support projects which attempt to influence legislation or to organizations whose activities are substantially in the area of propagandizing or influencing legislation.
The total amount of annual grants is limited to the annual income from investments so that income producing corpus will not be reduced.
All commitments for emergency grant requests are made by the Board of Directors. Emergency grant requests received prior to a regular meeting date will be circulated among the members and will be considered at that meeting.