The Hormel Foundation
Is operated for the benefit of, and to assist in performing the functions and in carrying out the purpose of the Supported Organizations.
Key facts about The Hormel Foundation
- EIN
- 41-0694716
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $37,038,105
- Grants made (2025)
- 13
- Average grant
- $2,849,085
- Median grant
- $296,131
- New grantees (estimate)
- 0% first-time grantees (0 of 13, 2025)
- Total assets
- $911,683,026
- Primary geography
- Minnesota (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who The Hormel Foundation funds
By grant dollars, the top recipient states for The Hormel Foundation's 13 itemized 2025 grants were Minnesota (100%). The most frequent recipient cities were Austin, MN (13 grants). None of its 13 grants with a stated purpose were described as general or operating support. Recurring purposes include "Community Projects" (3 grants).
Is The Hormel Foundation open to new grantees?
0%
first-time grantees, 2025
In 2025, 0 of 13 grantees (0%) were first-time recipients. How we count
Estimate from itemized IRS Form 990-PF grant lists (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with The Hormel Foundation
- How to evaluate The Hormel Foundation as a funder
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Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$911.7M
-21.7% YoY
Annual Giving
$37.0M
+14.7% YoY
Grant Count
13
-7.1% YoY
Avg Grant Size
$2.8M
+23.5% YoY
About The Hormel Foundation
Based on IRS filings
The Hormel Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in Austin, MN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $911.7M in total assets. In 2025, it awarded 13 grants totaling $37.0M. Net investment income was $38.5M.
Focus Areas
Ready to take the next step with The Hormel Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 13 itemized 2025 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $911,683,026 | $1,163,741,723 | $1,069,654,211 |
| Revenue | $40,078,641 | $40,768,849 | $37,415,875 |
| Expenses | $37,931,759 | $33,637,788 | $29,418,311 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $38,527,374 | $38,771,725 | $35,950,591 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS April 12, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS April 11, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS March 9, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS February 26, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS March 17, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS March 30, 2026)
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 2025
Grant Size Distribution
69 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest recipients include University of Minnesota-The Hormel Institute ($22,611,300), Austin Community Charitable Fund ($5,380,000), Riverland Community College ($4,044,739).
| Recipient | Purpose | Amount |
|---|---|---|
| University of Minnesota-The Hormel Institute Austin, MN | Support of Operations | $22,611,300 |
| Austin Community Charitable Fund Austin, MN | Community Projects | $5,380,000 |
| Riverland Community College Austin, MN | Scholarships and Educational Programs | $4,044,739 |
| Austin Public Schools Austin, MN | Educational Programs | $1,486,193 |
| United Way of Mower County Austin, MN | Support of various tax-exempt programs | $1,247,893 |
| City of Austin Austin, MN | Community Projects | $942,694 |
| YMCA of Austin Austin, MN | Operations and programming | $296,131 |
| The Salvation Army Austin, MN | Operations and Programming | $290,000 |
| Cedar Valley Services Austin, MN | Equipment | $236,336 |
| Parenting Resource Center Austin, MN | Community Programs | $225,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| M R Ciota | Director | — | $10,200 |
| R R Clarke | Director | 1 | $10,350 |
| K L Linaker | Director | 1 | $12,775 |
| J M Page | Director | 1 | $14,975 |
| S S Dankert | Secretary/Treasurer | 40 | $208,230 |
| T J Dankert | Director | 1 | $17,500 |
| R R Pavek | Director | 1 | $13,825 |
| D B Baker | Director | 1 | $19,275 |
| S Y Salas-Ramirez | Director | 1 | $12,875 |
| M S Lanke | Director | 1 | $13,825 |
| R G Gentzler | Treasurer | — | $78,817 |
| J A Woodard | Director | 1 | — |
| B B Rietz | Director | — | $46,917 |
| S T Rizzi Jr | Acting Chair | 5 | $20,525 |
| R J Kramer | Director | 1 | $15,500 |
| M M King | Director | 1 | $14,350 |
| N C Jandragholica | Director | 1 | $12,875 |
| J W Erichson | Director | 1 | $12,250 |
| J M Ettinger | Director/Prior Chair | 5 | — |
| J P Snee | Director | 1 | — |
| D S Aakre | Director | 1 | — |
| J Hernandez | Director | 1 | — |
| J E Poppe | Director | 1 | — |
| T R Ruzek | Director | 1 | — |
| JN Sheehan | Acting Vice Chair | 5 | — |
| P Varkey | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Hormel Foundation?
The Hormel Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in Austin, MN. It holds $911.7M in total assets as of 2025.
How large is The Hormel Foundation?
As of 2025, The Hormel Foundation holds $911.7M in total assets with $40.1M in annual revenue. It awarded 13 grants totaling $37.0M in 2025.
Where does The Hormel Foundation operate?
The Hormel Foundation has awarded grants in Minnesota.
What size grants does The Hormel Foundation award?
In 2025, The Hormel Foundation awarded 13 grants totaling $37.0M — an average of about $2.8M per grant, based on its IRS Form 990 filings.
What is The Hormel Foundation's EIN?
The Hormel Foundation's EIN (Employer Identification Number) is 41-0694716. IRS Form 990 filing data is available on this page for 2020–2025.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.