48% of the shares of Hormel Foods Corporation are held by The Hormel Foundation, a nonprofit 501(c)(3) organization established in 1941 by George A. Hormel and his son, Jay C Hormel. The Hormel Foundation supports charitable, educational and scientific organizations in Austin, Minn., including The Hormel Institute cancer research center. Since 1941, The Hormel Foundation has given more than $244 million to the community. It is one of the top giving foundations in Minnesota.
More information can be found investor.hormelfoods.com