Hormel Foods Corporation Charitable
Hormel Foods Corporation Charitable Trust is a private foundation established in 2003 and based in Austin, Minnesota. The trust operates as a 501(c)(3) organization dedicated to philanthropic giving in support of education, hunger relief, and community development initiatives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$130K
-89.8% YoY
Annual Giving
$1.4M
-39.1% YoY
Grant Count
123
-25.9% YoY
Avg Grant Size
$12K
-17.8% YoY
Under IRS private-foundation payout rules, Hormel Foods Corporation Charitable reported a distributable amount of $38K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports programs designed to promote:
- Education
- Hunger relief and food security
- Community development
The trust demonstrates particular interest in funding education nonprofits, STEM education, science teachers, food pantries, and local community and civic engagement initiatives.
Grantmaking
The trust made 113 grants in 2023, with a total giving amount of $1,202,390 (excluding the top three grants listed separately). Notable 2023 grants included:
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Geographic Focus
Where this funder awards grants
The trust is headquartered in Austin, Minnesota and appears to focus grantmaking in the local Austin area and surrounding communities.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
2023 Financial Data:
- Total assets: $1,276,640
- Total revenues: $2,086,426
- Total expenses: $2,411,235
2024 Financial Data:
- Total assets: $130,000
- Total revenues: $355,772
- Total expenses: $1,510,000
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $129,611 | $1,276,640 | $1,586,449 |
| Revenue | $355,772 | $2,086,426 | $3,835,175 |
| Expenses | $1,505,301 | $2,411,235 | $2,308,947 |
| Qualifying Distributions | $1,505,301 | $2,411,235 | $2,308,947 |
| Net Investment Income | — | — | — |
| Distributable Amount | $38,121 | $55,894 | $33,422 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Austin Aspires Inc ($115,000), Community Foundation of Great Des Moines ($100,000), American Junior Golf Association ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALAMEDA CO COMM FOOD BANK OAKLAND, CA | COMMUNITY SUPPORT | $10,000 |
| ALDEN-CONGER SCHOOLS ALDEN, MN | COMMUNITY SUPPORT | $4,000 |
| ALIGNMENT CHAPTER CORPORATION NORTH VERSAILLES, PA | COMMUNITY SUPPORT | $2,500 |
| ALLENTOWN AREA ECUMENICAL FOOD BAR BETHLEHEM, PA | COMMUNITY SUPPORT | $1,000 |
| AMAPA AUSTIN, MN | COMMUNITY SUPPORT | $2,500 |
| AMERICAN JUNIOR GOLF ASSOCIATION BRASELTON, GA | COMMUNITY SUPPORT | $50,000 |
| ARKANSAS FOOD BANK LITTLE ROCK, AR | COMMUNITY SUPPORT | $10,000 |
| ASSOCIATED CHARITIES JUNTA, CO | COMMUNITY SUPPORT | $5,000 |
| AURORA AREA INTERFAITH FOOD PANTRY AURORA, IL | COMMUNITY SUPPORT | $5,000 |
| AUSTIN AREA CHAMBER OF COMMERCE AUSTIN, MN | COMMUNITY SUPPORT | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN GHINGO | CHAIRMAN | 1 | — |
| KATHERINE LOSNESS-LARSON | PRESIDENT | 1 | — |
| JAMES D FLEMING | VICE PRESIDENT | 1 | — |
| FLORENCE MAKOPE | TREASURER | 1 | — |
| JACINTH SMILEY | ASSISTANT TREASURER | 1 | — |
| MARY KATHERINE CLARK | SECRETARY | 1 | — |
| BRIAN D JOHNSON | ASSISTANT SECRETARY | 1 | — |
| SCOTT AAKRE | DIRECTOR | 1 | — |
| JEFFREY BAKER | DIRECTOR | 1 | — |
| PIERRE LILLY | DIRECTOR | 1 | — |
| STEVEN LYKKEN | DIRECTOR | 1 | — |
Contact Information
- Address: 1 Hormel Place, Austin, MN 55912-3673
- Phone: 507-437-5233
- Website: www.hormelfoods.com/about/cont
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Hormel Foods Corporation Charitable fund?
The foundation supports programs designed to promote: • Education • Hunger relief and food security • Community development The trust demonstrates particular interest in funding education nonprofits, STEM education, science teachers, food pantries, and local community and civic engagement initiatives.
How do I apply for a grant from Hormel Foods Corporation Charitable?
**Grant Activity:** The trust made 113 grants in 2023, with a total giving amount of $1,202,390 (excluding the top three grants listed separately). Notable 2023 grants included: • National Merit Scholarship Corporation: $96,845 • Austin Aspires: $77,700 • Riverland Community College Foundation: $58,000 **Financial Capacity:** • Total revenues (2023): $2,086,426 • Total expenses (2023): $2,411,235 • Total giving (reported): $2,326,620
Where does Hormel Foods Corporation Charitable make grants?
The trust is headquartered in Austin, Minnesota and appears to focus grantmaking in the local Austin area and surrounding communities.
What size grants does Hormel Foods Corporation Charitable award?
In 2024, Hormel Foods Corporation Charitable awarded 123 grants totaling $1.4M — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is Hormel Foods Corporation Charitable required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hormel Foods Corporation Charitable reported a distributable amount of $38K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Hormel Foods Corporation Charitable's EIN?
Hormel Foods Corporation Charitable's EIN (Employer Identification Number) is 01-0761416. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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