The Hormel Foundation to deal out $9.7M in grants; Board of Directors announces 2020 distribution
The Hormel Foundation on Wednesday has approval of $9.7 million in funding for 2020 grants.
The Foundation’s supported organizations are Austin Area Foundation, Austin Community Charitable Fund, Austin Community Growth Ventures, Austin Community Scholarship Committee, Austin Public Schools, Cedar Valley Services, City of Austin, The Hormel Institute, Mayo Clinic Health Systems – Austin, Parenting Resource Center, Riverland Community College, Salvation Army, United Way of Mower County and the YMCA of Austin.
“Thanks to the hard work and continued success of the team at Hormel Foods, we are able to distribute significant dividends to benefit our community, our citizens, our students and beyond,” said Jeffrey M. Ettinger, chair of The Hormel Foundation, in a press release. “The important missions these organizations carry out impact the lives of individuals here, strengthen our community, and through contributions to science and education, benefit our greater society as well. We are honored and proud to be a part of this.”
The Hormel Foundation has committed additional funding, independent of the annual grants, to three major community projects currently underway, including the Austin Community Recreation Center, the MacPhail/APS Annex project, and The Hormel Foundation Austin Assurance Scholarship Program. Each of these projects serves to enhance the quality of life and increase opportunity for Austin residents.
Construction on the $35 million Austin Community Recreation Center is nearing completion with an opening planned for early 2020. The YMCA will be housed with the rec center and amenities include a fully equipped fitness studio, a large gymnasium, wellness floor, indoor running and walking track, and lap and leisure pools including warm water therapy. An indoor playground, youth center and community gathering space are public amenities included in the rec center.
The Hormel Foundation also funded the major expansion of the MacPhail/APS Annex project. The $11 million project includes a 13,750 square-foot addition to the second floor of the Austin High School Annex and 17,850 square feet of renovation throughout the building. The Hormel Foundation committed up to $8.7 million in financing and Austin Public Schools will cover the remainder.
The new space for MacPhail Center for Music provides 11 rooms and instruction studios. The project also includes facilities for the high school’s band, orchestra and choir, a music library, practice rooms and storage. The high school choir will be moving into their new space soon while the band and orchestra moves are planned for next summer.
The third project is The Hormel Foundation’s Austin Assurance Scholarship Program, which offers up to two years of paid college for any Austin student who meets residency and other qualifications. The innovative program is provided in collaboration with Austin Public Schools, Pacelli Catholic Schools and Riverland Community College. Currently, 121 scholarship students are now in the program from the 2019 graduating classes.
twenty-five local nonprofit agencies will receive 2020 grant funds from the George A. Hormel Testamentary Trust. The Hormel Foundation serves as trustee for the George A. Hormel Testamentary Trust, a private grant fund that provides approximately $65,000 in additional grants annually. These nonprofit organizations include local youth sport programs and community art programs.