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Filing year 2024

HORMEL FOODS CORPORATION CHARITABLE TRUST

Austin, Minnesota·EIN 01-0761416·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$356k
Total assets
$130k
Total expenses
$1.5M
Reported officers
11

Reported officers (all unpaid)

No paid executives reported in 2024. HORMEL FOODS CORPORATION CHARITABLE TRUST reported 11 unpaid officers and board members on its 990-PF.

President
Treasurer
Assistant Treasurer
Secretary
Assistant Secretary
Chairman
Director
Director
Director
Director
Vice President

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$1.4M

Itemized grants

123

Median grant

$5k

RecipientLocationPurposeAmount
AUSTIN ASPIRES INCAUSTIN, MNCOMMUNITY SUPPORT$115k
COMMUNITY FOUNDATION OF GREAT DES MOINESDES MOINES, IACOMMUNITY SUPPORT$100k
NATIONAL MERIT SCHOLARSHIP CORPCHICAGO, ILCOMMUNITY SUPPORT$75k
AMERICAN JUNIOR GOLF ASSOCIATIONBRASELTON, GACOMMUNITY SUPPORT$50k
AUSTIN COMMUNITY CHARITABLE FUNDAUSTIN, MNCOMMUNITY SUPPORT$50k
MINI SOTA AGRICULTURAL CHILDREN'S MUSEUMBENSON, MNCOMMUNITY SUPPORT$50k
WORLD FOOD PRIZEDES MOINES, IACOMMUNITY SUPPORT$50k
UNITED WAY-MOWER COUNTYAUSTIN, MNCOMMUNITY SUPPORT$41k
CONVOY OF HOPESPRINGFIELD, MOCOMMUNITY SUPPORT$35k
MAKE-A-WISH MINNESOTAST PAUL, MNCOMMUNITY SUPPORT$35k
RIVERLAND COMMUNITY COLLEGE FOUNDATIONAUSTIN, MNCOMMUNITY SUPPORT$35k
HOMETOWN FOOD SECURITY PROJECTAUSTIN, MNCOMMUNITY SUPPORT$33k
NATIONAL FFA FOUNDATIONINDIANAPOLIS, INCOMMUNITY SUPPORT$25k
NEXUS FOUNDATION FOR FAMILY HEALINGPLYMOUTH, MNCOMMUNITY SUPPORT$25k
THIELEN FOUNDATION INCMINNEAPOLIS, MNCOMMUNITY SUPPORT$20k
FARIBAULT FOUNDATIONFARIBAULT, MNCOMMUNITY SUPPORT$17k
CHAD GREENWAY'S LEAD THE WAY FOUNDATIONFLORENCE, KYCOMMUNITY SUPPORT$16k
AUSTIN AREA FOUNDATIONAUSTIN, MNCOMMUNITY SUPPORT$16k
AUSTIN AREA FOUNDATION CO CITY FLOWER PROJECTAUSTIN, MNCOMMUNITY SUPPORT$16k
AUSTIN AREA COMMISSION FOR THE ARTS INCAUSTIN, MNCOMMUNITY SUPPORT$15k
AUSTIN ENHANCEMENT GROUP INCAUSTIN, MNCOMMUNITY SUPPORT$15k
CITY OF AUSTINAUSTIN, MNCOMMUNITY SUPPORT$13k
ALAMEDA CO COMM FOOD BANKOAKLAND, CACOMMUNITY SUPPORT$10k
ARKANSAS FOOD BANKLITTLE ROCK, ARCOMMUNITY SUPPORT$10k
BE STRONGDEERFIELD BEACH, FLCOMMUNITY SUPPORT$10k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

HORMEL FOODS CORPORATION CHARITABLE TRUST reported revenue and expenses across 2 filing years.

RevenueExpenses
$2.1M
$2.4M
2023
$356k
$1.5M
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Minnesota

HORMEL FOODS CORPORATION CHARITABLE TRUST reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Minnesota earns a median of $32,530.

25th percentile
$8k
Median
$32,530
75th percentile
$93k
90th percentile
$243k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 399 organizations across 399 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Minnesota
FAQ

Common questions about HORMEL FOODS CORPORATION CHARITABLE TRUST

What are HORMEL FOODS CORPORATION CHARITABLE TRUST's revenue and expenses?

In 2024, HORMEL FOODS CORPORATION CHARITABLE TRUST reported $356k in total revenue and $1.5M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.