THE HORMEL FOUNDATION 1941 2016 The Hormel Foundation

THE HORMEL FOUNDATION 1941 -2016

The Hormel Foundation was incorporated in 1941 as a Minnesota nonprofit corporation at the instigation of Jay C. Hormel. Initially, the Foundation's primary activity was support of the Hormel Institute (a research body of the University of Minnesota, unrelated to the company). CELEBRATING 75 YEARS © Copyright 2016 The Hormel Foundation

“The Foundation was created to fulfill three primary responsibilities: preserve the independence of the Hormel Foods Corporation, support the Austin, MN community and area, provide for the financial welfare of family heirs for the duration established by family trusts. These responsibilities have been affirmed by the Supreme Court of Minnesota, and they have been fulfilled for 75 years. The Foundation controls more than 48% of Hormel Foods’ stock and would vote against any proposal to purchase the Corporation. ” PURPOSE STATEMENT © Copyright 2016 The Hormel Foundation

FIRST BOARD OF DIRECTORS From Left, Judge S. D. Catherwood, M. F. Dugan, H. H. Corey, R. P. Crane, and Park Dougherty FOUNDED BY GEORGE A. AND JAY C. HORMEL © Copyright 2016 The Hormel Foundation

CURRENT BOARD OF DIRECTORS EXECUTIVE BOARD OFFICERS Gary Ray – Chair Jerry Anfinson – Treasurer Bonnie Rietz – Vice Chair Steven Rizzi, Jr. – Secretary Former President of Refrigerated Foods Group, Hormel Foods Corporation Former mayor of the City of Austin Former Partner, Larson Allen LLC, Austin Attorney From Left, Jerry Anfinson, Gary Ray, Bonnie Rietz, Steven Rizzi, Jr. © Copyright 2016 The Hormel Foundation

CURRENT BOARD OF DIRECTORS Mark Ciota, MD Randall Kramer Thomas Dankert David Krenz DIRECTORS Dr. Zigang Dong Tedd Maxfield David Amick Jeffrey Ettinger Richard Pavek Craig Johnson Larry Pfeil Joel Johnson Michael Ruzek Mayo Clinic Health System – Austin City of Austin Salvation Army of Austin Adenuga Atewologun, Ph. D. Riverland Community College Diane Baker United Way of Mower County The Hormel Institute, University of Minnesota Chairman & CEO of Hormel Foods Corporation Attorney Former Chairman of the Board, President & CEO Hormel Foods Corporation © Copyright 2016 The Hormel Foundation Ameriprise Financial Services Inc. Austin Public Schools The YMCA of Austin Cedar Valley Services, Inc. Former VP of Engineering, Hormel Foods Austin Area Foundation

The mission of The Hormel Foundation is to provide charitable, scientific and educational support for the benefit of the Austin, MN community by maintaining a controlling interest of Hormel Foods Corporation and by fulfilling its fiduciary responsibilities to the Foundation, Geo. A. Hormel Testamentary and Family Trusts. MISSION STATEMENT © Copyright 2016 The Hormel Foundation

George A. & Jay C. Vision & Philanthropy “Hormel Foods Corporation’s continuing success and growth directly leads to significant, yearly contributions that benefit our community in many ways through The Hormel Foundation. We can all be very grateful for the vision and philanthropy of George A. and Jay C. Hormel in establishing the Foundation in a way that provides support to important, meaningful programs locally. ” Gary J. Ray, Chair © Copyright 2016 The Hormel Foundation

Public Foundation Grant Funds THIRTEEN QUALIFYING ORGANIZATIONS • University of Minnesota – The Hormel Institute • Cedar Valley Services, Inc. • City of Austin, Minnesota • Mayo Clinic Health Systems – Austin • The Salvation Army • United Way of Mower County, Inc. • YMCA of Austin • Austin Public Schools • Austin Area Foundation, Inc. • Riverland Community College • Austin Community Charitable Fund • Austin Community Growth Ventures • Austin Community Scholarship Committee © Copyright 2016 The Hormel Foundation

Private Foundation Grant Funds George A. Hormel Testamentary Trust The Hormel Foundation also serves as trustee for the Geo. A. Hormel Testamentary Trust, which will provide $65, 000 in additional contributions to benefit 501 (c)(3) organizations in Austin and greater Mower County that are not one of the Foundation’s qualifying organizations. © Copyright 2016 The Hormel Foundation

"These organizations and their unique missions in serving the people of our community are core strengths of Austin. They each have tremendous needs and demands for their services and we are pleased to support and partner with them. “ Gary J. Ray, Chair COMMUNITY SUPPORT THROUGH LOCAL 501 (C)(3) NON-PROFIT COMMUNITY ORGANIZATIONS © Copyright 2016 The Hormel Foundation

Community Support United Way of Mower County • • • Annual Campaign Apple Lane Child Care Backpack Program Catherwood Child Care Children’s Dental Health Services Crisis Nursery Program Girl Scouts Hormel Historic Home Independent Management Services-mental health services • Mower Council for the Handicapped, Inc. • Peer Power Partners • Senior Citizens Center • • • Success by 6 -Preschool scholarships Twin Valley Council Boy Scouts of America The Arc of Mower County Welcome Center Workforce Development Inc Arc of Mower County © Copyright 2016 The Hormel Foundation

Community Support City of Austin, MN • • • • Mill Pond Fountain • Mower County Transit (AMCAT) • Oak Park Mall-redevelopment • Riverside Arena improvements • Senior Citizens Center • Public Pool Slide Replacement • Solar Electric Vehicle Charging Station • Wildwood Park to Mill Pond Trail Connection 4 th of July celebration Arena Curling Artworks Festival Austin Fire Dept-smoke detectors Austin Public Library Chamber of Commerce - Leadership Austin Climbing wall at Municipal Pool Hotspots-Austin Public Library Jay C. Hormel Nature Center Essence of Place Jay C. Hormel Nature Center Interpretive Center Jay C. Hormel Nature Center programming Kiosk removal LED Street Lighting Conversion Main Street Project/Business Enhancement Partnership © Copyright 2016 The Hormel Foundation

Community Support Salvation Army of Austin • • • Day Camp & Scholarships Food Shelf General Operations Prescription/Medical Assistance Rent/Utility Assistance © Copyright 2016 The Hormel Foundation

Community Support Cedar Valley Rehabilitation • • Consumer Entrance Canopy Building Project Equipment Landscape and Fencing-Visions Area SMART - Dialysis Route SMART - Rainbow Route Bus Purchase Technology (computers and office) Truck Vans © Copyright 2016 The Hormel Foundation

Community Support Mayo Clinic Health Systems Austin • Crime Victims Resource Center • Building Expansion • Mower Refreshed © Copyright 2016 The Hormel Foundation

Community Support Austin Area Foundation • • Basic Needs Endowment Challenge grants Executive Director Legacy Endowment Fund © Copyright 2016 The Hormel Foundation

Community Support YMCA of Austin, Minnesota • • • Bussing Assistance Diabetes Program Fitness Equipment Healthy Snack Program Repairs & Maintenance Summer Intersession Swim Lessons Sumner School Intersession Swim Lessons Technology Teen Tutoring Youth Memberships © Copyright 2016 The Hormel Foundation

Community Support Austin Community Charitable Fund • KMSQ-going digital • Entrepreneurial Education Session Austin Community Growth • Commercialization/Innovation Coordinator Ventures © Copyright 2016 The Hormel Foundation

Community Support The Hormel Foundation provides generous support for many of the Vision 2020 projects, a grassroots volunteer movement to improve Austin’s quality of life. Hundreds of community members in a variety of active committees are working with businesses, non-profits, local government, and educational institutions to make tangible progress toward their respective goals. • Biking & Walking Trails • Destination Downtown • Business & Economic Development • Education Leaders • Community Pride & Spirit • Gateway to Austin • Community Recreation Center • Waterways • Community-Wide Technology For more information: www. vision 2020 austin. com © Copyright 2016 The Hormel Foundation

Community Support VISION 2020 FUNDED PROJECTS: • • CHIP Low Income Housing Improvements Directional Signage 3 rd Avenue and Plaza landscaping Austin Works Grant (Community Concierge) Artworks Center Mountain Bike Trail Bike Safety/Helmet Day Rec Center/Athletic Field Dome • • Community Wide Technology Feasibility Study Vision 2020 Coordinator Downtown Events Gateway to Austin Visitor Center Phase 1 Architectural Services • Austin Aspires • Waterways-Dobbins Creek • Waterways 5 year accelerated plan © Copyright 2016 The Hormel Foundation

Community Support George A. Hormel Testamentary Fund • Adams Town and Country Pool • Hormel Historic Home Grants • American Legion Post 91 Youth Baseball • Le. Roy-Ostrander Public Schools • • • Austin Club League Baseball Austin Convention and Visitors Bureau Austin Girls Youth Fastpitch Association Austin Junior All-Star Baseball Austin Symphony Orchestra Austin Youth Basketball Austin Youth Hockey Austin Youth Soccer Friends of the Shooting Star Trail Girl Scouts Boy Scouts • • • Marcusen Park Baseball Association Math Masters of Minnesota Mission 507 Mower County Historical Society Mower County Humane Society Northwestern Singers Rachel’s Hope Riverside Figure Skating Club St. Olaf Wee Learning Center Youth Football © Copyright 2016 The Hormel Foundation

“The Foundation hopes to provide Austin’s educators with the necessary education, tools and support to make sure that every Austin student has the opportunity to obtain a high quality education with rigorous curriculum and state-of-the-art facilities that will allow our students to excel to the next level. ” Richard L. Knowlton, Former Chair EDUCATION © Copyright 2016 The Hormel Foundation

Education Support Austin Public Schools • Horatio Alger scholarships • Ramp UP to Readiness Program • Literacy for Immigrant Population • AHS first Robotics Challenge • Success by 6 Preschool scholarships • Wescott Athletic Complex renovation • • • Gifted and talented programs Family literacy programming Solar panel project at Austin High School APS partnership with Learning Technologies Media Lab at the University of Minnesota • Chemical Health Awareness Initiative/REACH • Band orchestra instruments • “Be Your Best” College Prep • Music programming in Austin provided by Mac. Phail Center for Music • Annual computer and technology upgrades • Agricultural Education programs • Early childhood programming • The Hormel Foundation/University of Minnesota Fellowship Program • Science lab renovation at Austin High School and Ellis Middle School • © Copyright 2016 The Hormel Foundation

Education Support EVERY STUDENT REACH R elationships Education Accountability Character Hard Work The REACH Program is a voluntary in school program designed to assist our students who may need support academically, socially, and/or emotionally. REACH believes in the ability of every student to overcome academic and personal obstacles to achieve success. Each student deserves to be treated with dignity and respect, while being sensitive to individual needs. Without this guidance, many students would not graduate from High School. Gifted & Talented Programs The Gifted Services for Talent Development Program of Austin Public Schools will work in cooperation with staff, family and community to create an environment designed to assist individuals in achieving their maximum potential through modifications in their educational program. Ø 4. 5 Gifted & Talented Interventionists focused on grades K-4 th Ø 0. 5 District Coordinator for Gifted & Talented Programs Ø Site Leads for Gifted & Talented Education at Intermediate and Secondary Sites Ø Pi Academy – gifted services for highly-able learners Ø Two Full-Time Grouped Gifted Cohorts at I. J. Holton Intermediate School Ø Over 20 teachers obtain their Certificate in Gifted & Talented Instruction through St. Mary’s University - Minnesota Ø Home of the internationally recognized, annual Hormel Foundation Gifted & Talented Symposium © Copyright 2016 The Hormel Foundation

Education Support Austin Area Catholic Schools • Matching Grant Funds for the Securing Our Futures Campaign • Austin Catholic Schools-Mac. Phail Instruction and Instruments • Austin Catholic Schools-Technology development © Copyright 2016 The Hormel Foundation

Education Support HIGHER EDUCATION Riverland Community College • “Be Your Best” College Prep • “Cycles for Success” Scholarships • SE MN Center for Agriculture Austin Scholarship Committee Scholarships are available to students entering their junior or senior year of college or postgraduate study and who are candidates for a degree at an accredited college in the United States. Recipients may pursue any curriculum leading to a degree. © Copyright 2016 The Hormel Foundation

Education Support EVERY STUDENT Horatio Alger Scholarships One of the major scholarship programs nationally that specifically assists high school students who have faced and overcome great obstacles in their young lives. The scholarship recipients must exhibit a strong commitment to pursue and complete a bachelor’s degree at an accredited nonprofit public or private institution in the United States. Students may start their studies at a two year institution and then transfer to a four-year institution. The recipient must also demonstrate critical financial need ($55, 000 or lower adjusted gross family income is required for the 2016 -2017 school year). Austin Public Schools Technology The funds from this grant will enable Austin Public Schools to continue to improve technology for our students. Specifically, these funds will allow us to replace obsolete computers in various labs and classrooms throughout the district, which allows us to continue to provide hands on/direct technology experiences to the students attending Austin Public Schools. In addition this funding directly impacts 2, 850 students that take part in our 1: 1 device initiative providing a laptop to every student in grades 5 -12 which greatly differentiates the quality of instruction we are able to provide our students. © Copyright 2016 The Hormel Foundation

Started in 1942 by Jay C. Hormel, The Hormel Institute, University of Minnesota is comprised of a group of highly successful medical scientists who are focused on determining the basic molecular mechanisms of cancer development to create new anti-cancer agents. The Hormel Institute is an emerging leader in cancer research and has work published consistently in the world’s leading scientific journals. Researchers are focused on finding better ways to prevent, detect and treat cancer to extend lives. SCIENTIFIC SUPPORT THE HORMEL INSTITUTE UNIVERSITY OF MINNESOTA IS THE LARGEST RECIPIENT OF THE HORMEL FOUNDATION’S SUPPORT © Copyright 2016 The Hormel Foundation

Scientific Support • Operations Funding • Two major expansions in 8 years • “The Ray Live Learning Center” Global Communication Center • Recruitment of Cancer Researchers • Equipping of new labs • Cutting-edge technology cryo-electron microscope The Hormel Foundation provides support annually to The Hormel Institute, ensuring that 100% of all research donations are for the mission – ground breaking cancer research. © Copyright 2016 The Hormel Foundation

Scientific Support 2008 – 22 LABS TRIPLED SIZE 120 NEW JOBS 1960 – 10 LABS PRESENT SITE JUNE 1, 2016 – 42 LABS 1942 – ONE LAB – JAY C. HORMEL ESTATE DOUBLED SIZE, SPACE FOR ANOTHER 130 JOBS. ADDED “RAY LIVE LEARNING CENTER” A STATE OF THE ART GLOBAL COMMUNICATIONS CENTER INCLUDING 250 SEAT AUDITORIUM. © Copyright 2016 The Hormel Foundation

“The Hormel Foundation believes by continuing the investments we make in our community, we support and benefit our families, students, employees and business and organizational leaders. By providing vital resources to deserving organizations, we will continue to positively impact the world. ” Gary J. Ray, Chair, The Hormel Foundation VISION FOR THE FUTURE © Copyright 2016 The Hormel Foundation