Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
HORMEL FOODS CORPORATION CHARITABLE
TRUST
Number and street (or P.O. box number if mail is not delivered to street address)1 HORMEL PLACE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
AUSTIN, MN55912
A Employer identification number

01-0761416
B Telephone number (see instructions)

(507) 437-5233
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$1,276,640J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 2,086,426
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...      
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications........... 15,000
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 2,086,426 0 15,000
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
21,866 0 0 21,866
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
62,749 0 0 62,749
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 84,615 0 0 84,615
25 Contributions, gifts, grants paid....... 2,326,620 2,326,620
26 Total expenses and disbursements. Add lines 24 and 25 2,411,235 0 0 2,411,235
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -324,809
b Net investment income (if negative, enter -0-) 0
c Adjusted net income (if negative, enter -0-)... 15,000
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 1,586,449 1,276,640 1,276,640
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,586,449 1,276,640 1,276,640
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 60,221 601,274
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 1,526,228 675,366
29 Total net assets or fund balances (see instructions)..... 1,586,449 1,276,640
30 Total liabilities and net assets/fund balances (see instructions). 1,586,449 1,276,640
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
1,586,449
2
Enter amount from Part I, line 27a .....................
2
-324,809
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
15,000
4
Add lines 1, 2, and 3 ..........................
4
1,276,640
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,276,640
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 0
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 0
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 0
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 0
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMN
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowJAMES FLEMING Telephone no.right arrow (507) 437-5233

Located atright arrow1 HORMEL PLACEAUSTINMN ZIP+4right arrow55912
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
Yes
 
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
Yes
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
KATHERINE LOSNESS-LARSON PRESIDENT
1.00 		0 0 0
1 HORMEL PLACE
AUSTIN,MN55912
JAMES D FLEMING VICE PRESIDENT
1.00 		0 0 0
1 HORMEL PLACE
AUSTIN,MN55912
FLORENCE MAKOPE TREASURER
1.00 		0 0 0
1 HORMEL PLACE
AUSTIN,MN55912
JACINTH SMILEY ASSISTANT TREASURER
1.00 		0 0 0
1 HORMEL PLACE
AUSTIN,MN55912
MARK A COFFEY SECRETARY
1.00 		0 0 0
1 HORMEL PLACE
AUSTIN,MN55912
BRIAN D JOHNSON ASSISTANT SECRETARY
1.00 		0 0 0
1 HORMEL PLACE
AUSTIN,MN55912
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
0
b
Average of monthly cash balances.......................
1b
830,325
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
830,325
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
830,325
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
12,455
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
817,870
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
40,894
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
40,894
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
 
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
0
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
40,894
4
Recoveries of amounts treated as qualifying distributions................
4
15,000
5
Add lines 3 and 4............................
5
55,894
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
55,894
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
2,411,235
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
2,411,235
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 55,894
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 8,011,525
b From 2019...... 1,308,393
c From 2020...... 1,837,884
d From 2021...... 1,815,278
e From 2022...... 2,275,525
f Total of lines 3a through e ........ 15,248,605
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 2,411,235
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 55,894
e Remaining amount distributed out of corpus 2,355,341
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 17,603,946
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		8,011,525
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		9,592,421
10 Analysis of line 9:
a Excess from 2019.... 1,308,393
b Excess from 2020.... 1,837,884
c Excess from 2021.... 1,815,278
d Excess from 2022.... 2,275,525
e Excess from 2023.... 2,355,341
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ABS-CBN FOUNDATION INTERNATIONAL

1350 OLD BAYSHORE HWY STE 520 PMB
314
BURLINGAME,CA94010 		  PC COMMUNITY SUPPORT 5,000

ALAMEDA CO COMM FOOD BANK

PO BOX 2599
OAKLAND,CA94614 		  PC COMMUNITY SUPPORT 10,000

ALLINA HEALTH SYSTEM

2925 CHICAGO AVE
MINNEAPOLIS,MN55407 		  PC COMMUNITY SUPPORT 25,000

AMERICAN HEART ASSOCIATION

PO BOX 4002902
DES MOINES,IA50340 		  PC COMMUNITY SUPPORT 10,000

AMERICAN JUNIOR GOLF ASSOCIATION

1980 SPORTS CLUB DRIVE
BRASELTON,GA30517 		  PC COMMUNITY SUPPORT 50,000

ANIMAL AGRICULTURE ALLIANCE

2101 WILSON BLVD SUITE 810B
ARLINGTON,VA22201 		  PC COMMUNITY SUPPORT 5,000

ARKANSAS FOOD BANK

4301 W 65TH ST
LITTLE ROCK,AR72209 		  PC COMMUNITY SUPPORT 10,000

ASSOCIATED CHARITIES

517 COLORADO AVE
LA JUNTA,CO81050 		  PC COMMUNITY SUPPORT 5,000

AURORA AREA INTERFAITH FOOD PANTRY

1110 JERICHO ROAD
AURORA,IL60506 		  PC COMMUNITY SUPPORT 5,000

AUSTIN AREA ARTWORKS CENTER

300 MAIN ST N
AUSTIN,MN55912 		  PC COMMUNITY SUPPORT 15,000

AUSTIN AREA CHAMBER OF COMMERCE

329 N MAIN ST SUITE 102
AUSTIN,MN55912 		  PC COMMUNITY SUPPORT 2,500

AUSTIN AREA FOUNDATION

PO BOX 6
AUSTIN,MN55912 		  PC COMMUNITY SUPPORT 6,000

AUSTIN ASPIRES INC

301 N MAIN ST SUITE 104
AUSTIN,MN55912 		  PC COMMUNITY SUPPORT 77,700

AUSTIN COMMUNITY CHARITABLE FUND

329 N MAIN STREET SUITE 106L
AUSTIN,MN55912 		  PC COMMUNITY SUPPORT 7,973

AUSTIN CONVENTION AND VISITORS BUREAU

301 NORTH MAIN STREET SUITE 101
AUSTIN,MN55912 		  NC COMMUNITY SUPPORT 1,782

AUSTIN ENHANCEMENT GROUP INC

PO BOX 3
AUSTIN,MN55912 		  PC COMMUNITY SUPPORT 15,000

AUSTIN JUNIOR ALL STAR BASEBALL INC

2111 OAKLAND AVE E PO BOX 4
AUSTIN,MN55912 		  PC COMMUNITY SUPPORT 3,000

AUSTIN PARK AND RECREATION

500 4TH AVE NE
AUSTIN,MN55912 		  PC COMMUNITY SUPPORT 2,500

AUSTIN PUBLIC EDUCATION FOUNDATION

PO BOX 878
AUSTIN,MN55912 		  PC COMMUNITY SUPPORT 2,000

AUSTIN PUBLIC SCHOOLS

401 3RD STREET NW
AUSTIN,MN55912 		  PC COMMUNITY SUPPORT 45,192

AUSTIN SYMPHONY ORCHESTRA SOCIETY

2110 7TH AVE SW PO BOX 465
AUSTIN,MN55912 		  PC COMMUNITY SUPPORT 5,000

AUSTIN YOUTH HOCKEY ASSOC INC

PO BOX 111
AUSTIN,MN55912 		  PC COMMUNITY SUPPORT 1,500

AUSTIN YOUTH SOCCER ASSOCIATION

PO BOX 471
AUSTIN,MN55912 		  PC COMMUNITY SUPPORT 8,762

BAYLOR COLLABORATIVE ON HUNGER & POVERTY

ONE BEAR PLACE 97026
WACO,TX76798 		  PC COMMUNITY SUPPORT 20,000

BOYS & GIRLS CLUB OF FRESNO COUNTY

540 N AUGUSTA STREET
FRESNO,CA93701 		  PC COMMUNITY SUPPORT 10,000

BOYS & GIRLS CLUB OF ROCHESTER

1026 E CENTER STREET
ROCHESTER,MN55904 		  PC COMMUNITY SUPPORT 2,500

BOYS & GIRLS CLUB OF RUSK COUNTY

710 ROBERTSON BLVD
HENDERSON,TX75652 		  PC COMMUNITY SUPPORT 5,000

BREEZE HILL ELEMENTARY PTA

1111 MELROSE WAY
VISTA,CA92081 		  PC COMMUNITY SUPPORT 500

BRIDGE TO AFRICA CONNECTION INC

3701 LONG BEACH BLVD SUITE 100
LONG BEACH,CA90807 		  PC COMMUNITY SUPPORT 2,500

BROWERVILLE AREA FOOD SHELF

250 4TH ST W SUITE 8
BROWERVILLE,MN56348 		  PC COMMUNITY SUPPORT 7,000

CEDAR RIVER FARMER'S MARKET

500 4TH AVE NE
AUSTIN,MN55912 		  PC COMMUNITY SUPPORT 6,000

CHAD GREENWAY'S LEAD THE WAY FOUNDATION

59 CAVALIER BOULEVARD STE 310
FLORENCE,KY41042 		  PC COMMUNITY SUPPORT 14,800

CHANNEL ONE FOOD BANK

131 35TH ST SE
ROCHESTER,MN55904 		  PC COMMUNITY SUPPORT 12,000

CHEFLUCASFOOD

3763 LINDEN LANE
EAGAN,MN55123 		  PC COMMUNITY SUPPORT 2,500

CHILDREN'S DENTAL HEALTH SERVICES

111 MAIN STREET N
AUSTIN,MN55912 		  PC COMMUNITY SUPPORT 2,500

CHIPPEWA COUNTY FOOD SHELF

PO BOX 159 719 N 7TH ST SUITE 302
MONTEVIDEO,MN56265 		  PC COMMUNITY SUPPORT 10,000

CITY OF AUSTIN

500 4TH AVE NE
AUSTIN,MN55912 		  PC COMMUNITY SUPPORT 25,000

CITY OF OSCEOLA

PO BOX 465 115 NORTH FILLMORE
OSCEOLA,IA50213 		  PC COMMUNITY SUPPORT 5,000

CLAREMONT MCKENNA COLLEGE

400 N CLAREMONT BLVD
CLAREMONT,CA91711 		  PC COMMUNITY SUPPORT 10,000

CLARKE COUNTY FOOD PANTRY

114 S FILLMORE ST
OSCEOLA,IA50213 		  PC COMMUNITY SUPPORT 10,000

CLARKE COUNTY HOSPITAL FOUNDATION

800 S FILLMORE STREET
OSCEOLA,IA50213 		  PC COMMUNITY SUPPORT 5,000

COMMUNITY FOUNDATION OF GREAT DES MOINES

1915 GRAND AVENUE
DES MOINES,IA50309 		  PC COMMUNITY SUPPORT 100,000

COMMUNITY HEALTH MINISTRY INC

246 E 9TH ST
ALMA,KS66401 		  PC COMMUNITY SUPPORT 10,000

COMUNIDADES LATINAS UNIDAS EN SERVICIO

797 EAST 7TH STREET
ST PAUL,MN55106 		  PC COMMUNITY SUPPORT 15,000

CONSCIOUS ALLIANCE

3801 INDUSTRIAL LANE
BROOMFIELD,CO80020 		  PC COMMUNITY SUPPORT 5,000

CONVIVIUM URBAN FARMSTEAD

2811 JACKSON ST
DUBUQUE,IA52001 		  PC COMMUNITY SUPPORT 10,000

CONVOY OF HOPE

PO BOX 1125
SPRINGFIELD,MO65801 		  PC COMMUNITY SUPPORT 30,000

COOL & DOPE CORP

402 DOGWOOD DRIVE
GAITHERSBURG,MD20877 		  PC COMMUNITY SUPPORT 2,500

COULEECAP INC

201 MELBY ST
WESTBY,WI54667 		  PC COMMUNITY SUPPORT 10,000

CRAWFORD-SEBASTIAN COMMUNITY DEVT COUNCIL

PO BOX 180070
FORT SMITH,AR72918 		  PC COMMUNITY SUPPORT 10,000

CUPBOARD & CLOSET

827 E LASALLE AVE
BARRON,WI54812 		  PC COMMUNITY SUPPORT 10,000

DANCING AGAINST HUNGER

2413 PINE HURST DRIVE
STATE COLLEGE,PA16803 		  PC COMMUNITY SUPPORT 2,500

DOWLING CATHOLIC HIGH SCHOOL

1400 BUFFALO RD
DES MOINES,IA50265 		  PC COMMUNITY SUPPORT 5,000

DRAKE UNIVERSITY

2507 UNIVERSITY AVE
DES MOINES,IA50311 		  PC COMMUNITY SUPPORT 5,000

DYSPHAGIA OUTREACH PROJECT

PO BOX 175
RUSTON,LA71273 		  PC COMMUNITY SUPPORT 1,000

EAGLE'S HEALING NEST

310 US HWY 71 N
SAUK CENTRE,MN56378 		  PC COMMUNITY SUPPORT 2,000

EAGLE BEND SENIOR CITIZENS CENTER INC

PO BOX 214
EAGLE BEND,MN56446 		  PC COMMUNITY SUPPORT 4,000

ETHANS HEART BAGS4BLESSINGS

1284 OLD OAK CIRCLE
BIRMINGHAM,AL35235 		  PC COMMUNITY SUPPORT 2,500

EXTRAORDINARY CHARITIES INC

251 ROYAL PALM WAY SUITE 215
PALM BEACH,FL33480 		  PC COMMUNITY SUPPORT 1,000

FAITH COMMUNITY CHURCH

9775 UTE HIGHWAY
LONGMONT,CO80504 		  PC COMMUNITY SUPPORT 10,000

FIND THE CAUSE INC

PO BOX 2112
FRAMINGHAM,MA01703 		  PC COMMUNITY SUPPORT 15,000

FOOD AT FIRST

1119 8TH ST
NEVADA,IA50201 		  PC COMMUNITY SUPPORT 5,000

FOOD FOR ALL NYC

254 E 68TH ST APT 25D
NEW YORK,NY10065 		  PC COMMUNITY SUPPORT 500

FOODBANK OF SOUTHEASTERN VIRGINIA

800 TIDEWATER DR
NORFOLK,VA23504 		  PC COMMUNITY SUPPORT 10,000

FOODCORPS INC

1140 SE 7TH AVE SUITE 110
PORTLAND,OR97214 		  PC COMMUNITY SUPPORT 10,000

FREEDOM FOUNDATION

PO BOX 1422
CEDAR RAPIDS,IA52406 		  PC COMMUNITY SUPPORT 250

FRIENDS OF THE AUSTIN LIBRARY

323 4TH AVE NE
AUSTIN,MN55912 		  PC COMMUNITY SUPPORT 25,000

GOODR FOUNDATION INC

1000 MARIETTA ST NW STE 224
ATLANTA,GA30318 		  PC COMMUNITY SUPPORT 8,750

GRAND MEADOW FAITH COMMUNITY FOOD SHELF

PO BOX 306 209 2ND AVE NE
GRAND MEADOW,MN55936 		  PC COMMUNITY SUPPORT 2,500

GREATER CHICAGO FOOD DEPOSITORY

4100 W ANN LURIE PL
CHICAGO,IL60632 		  PC COMMUNITY SUPPORT 10,000

GROWING GARDENS OF BOULDER COUNTY

1630 HAWTHORNE AVE
BOULDER,CO80304 		  PC COMMUNITY SUPPORT 5,000

HAWAII FOODBANK INC

2611 KILIHAU STREET
HONOLULU,HI96819 		  PC COMMUNITY SUPPORT 33,772

HEAVEN SOUTH INC

PO BOX 128287
NASHVILLE,TN37212 		  PC COMMUNITY SUPPORT 10,000

HEIFER PROJECT INTERNATIONAL

1 WORLD AVENUE
LITTLE ROCK,AR72202 		  PC COMMUNITY SUPPORT 1,000

HELPING HANDS FOOD PANTRY

PO BOX 412
KNOXVILLE,IA50138 		  PC COMMUNITY SUPPORT 5,000

HENDERSON FOOD PANTRY

PO BOX 104
HENDERSON,TX75653 		  PC COMMUNITY SUPPORT 5,000

HORMEL HISTORIC HOME

208 4TH AVE NW
AUSTIN,MN55912 		  PC COMMUNITY SUPPORT 2,500

HOSEA FEED THE HUNGRY & HOMELESS PROGRAM

10352 DONELLA AVE
ATLANTA,GA30310 		  PC COMMUNITY SUPPORT 10,000

HOT MEALS ON WHEELS INC

PO BOX 371
AUSTIN,MN55912 		  PC COMMUNITY SUPPORT 10,000

HOUSE OF CHARITY INC

510 S 8TH ST
MINNEAPOLIS,MN55404 		  PC COMMUNITY SUPPORT 5,000

IMMIGRANT LAW CENTER OF MN

329 NORTH MAIN STREET
AUSTIN,MN55912 		  PC COMMUNITY SUPPORT 5,000

INTERFAITH CENTER ON CORP RESPONSIBILITY

475 RIVERSIDE DRIVE SUITE 1842
NEW YORK,NY10027 		  PC COMMUNITY SUPPORT 15,000

IOWA STATE UNIV FOUNDATION

2505 UNIVERSITY DRIVE PO BOX 2230
AMES,IA50010 		  PC COMMUNITY SUPPORT 147,557

IOWA STATE UNIVERSITY

1350 BEARDSHEAR HALL 515 MORRILL RD
AMES,IA50011 		  PC COMMUNITY SUPPORT 15,000

JEFF MICHNER SCHOLARSHIP FUND

36 SOLAR WAY
COURTHOUSE,NJ08210 		  PC COMMUNITY SUPPORT 1,000

KANDIYOHI COUNTY FOOD SHELF

624 PACIFIC AVE SW
WILLMAR,MN56201 		  PC COMMUNITY SUPPORT 10,000

KOSSUTH COUNTY FOOD PANTRY

PO BOX 692
ALGONA,IA50511 		  PC COMMUNITY SUPPORT 10,000

LA FAMILIA COUNSELING CENTER

26081 MOCINE AVE
HAYWARD,CA94544 		  PC COMMUNITY SUPPORT 10,000

LAS ANIMAS HELPING HANDS

PO BOX 576
LAS ANIMAS,CO81054 		  PC COMMUNITY SUPPORT 5,000

LEROY AREA MINISTERIAL ASSOCIATION

350 W MAIN ST SUITE 3 PO BOX 553
LEROY,MN55951 		  PC COMMUNITY SUPPORT 2,500

LIFE MOWER COUNTY

401 2ND AVE NE
AUSTIN,MN55912 		  PC COMMUNITY SUPPORT 3,500

LITTLE CEDAR LUTHERAN CHURCH

304 NW LEWISTON STREET
ADAMS,MN55909 		  PC COMMUNITY SUPPORT 2,500

LONG PRAIRIE EMERGENCY FOOD PANTRY

PO BOX 165
LONG PRAIRIE,MN56347 		  PC COMMUNITY SUPPORT 7,000

LOVE A SEA TURTLE - LAST

105 BISHOP DRIVE
WINTERVILLE,NC28590 		  PC COMMUNITY SUPPORT 2,500

LOWCOUNTRY FOOD BANK

2864 AZALEA DRIVE
CHARLESTON,SC29405 		  PC COMMUNITY SUPPORT 10,000

MAKE-A-WISH

219 WEST MAHONING STREET
PUNXSUTAWNEY,PA15767 		  PC COMMUNITY SUPPORT 10,000

MAKE-A-WISH MINNESOTA

1919 UNIVERSITY AVE W SUITE 415
ST PAUL,MN55104 		  PC COMMUNITY SUPPORT 50,000

MARIE WILKINSON FOOD PANTRY

834 N HIGHLAND AVE
AURORA,IL60506 		  PC COMMUNITY SUPPORT 5,000

MARINE TOYS FOR TOTS FOUNDATION

PO BOX 1947
QUANTICO,VA22134 		  PC COMMUNITY SUPPORT 6,487

MARION CTY SENIOR NUTRITION

308 E MONTGOMERY ST
KNOXVILLE,IA50138 		  PC COMMUNITY SUPPORT 5,000

MATTER

7005 OXFORD STREET
ST LOUIS PARK,MN55426 		  PC COMMUNITY SUPPORT 12,600

MELROSE AREA FOOD SHELF

402 2ND ST SE
MELROSE,MN56352 		  PC COMMUNITY SUPPORT 10,000

MINNESOTA ORCHESTRA ASSOCIATION

1111 NICOLLET MALL
MINNEAPOLIS,MN55403 		  PC COMMUNITY SUPPORT 10,000

MINNESOTA STATE ACADEMY FOR THE BLIND FND

PO BOX 580338
MINNEAPOLIS,MN55458 		  PC COMMUNITY SUPPORT 5,000

MINNESOTA STATE ACADEMY FOR THE DEAF

615 OLOF HANSON DRIVE
FARIBAULT,MN55021 		  PC COMMUNITY SUPPORT 5,000

MOWER COUNTY 4-H LEADERS COUNCIL

1105 1/2 8TH AVE NE
AUSTIN,MN55912 		  PC COMMUNITY SUPPORT 800

MOWER COUNTY AGRICULTURAL SOCIETY

700 12TH ST SW
AUSTIN,MN55912 		  PC COMMUNITY SUPPORT 5,000

MOWER COUNTY HUMANE SOCIETY INC

101 22ND ST SE
AUSTIN,MN55912 		  PC COMMUNITY SUPPORT 5,000

NATIONAL FFA FOUNDATION

PO BOX 68960
INDIANAPOLIS,IN46268 		  PC COMMUNITY SUPPORT 25,000

NATIONAL MERIT SCHOLARSHIP CORP

1560 SHERMAN AVENUE STE 200
EVANSTON,IL60201 		  PC COMMUNITY SUPPORT 96,845

NATIONAL PARKS CONSERVATION ASSOCIATION

777 6TH ST NW SUITE 700
WASHINGTON,DC20001 		  PC COMMUNITY SUPPORT 9,775

NEVADA COMMUNITY CUPBOARD

1110 11TH ST
NEVADA,IA50201 		  PC COMMUNITY SUPPORT 5,000

NEXUS FOUNDATION FOR FAMILY HEALING

505 US HIGHWAY 169 N SUITE 500
PLYMOUTH,MN55441 		  PC COMMUNITY SUPPORT 10,000

OPERATION GRATITUDE

PO BOX 260257
ENCINO,CA91426 		  PC COMMUNITY SUPPORT 7,347

PACELLI CATHOLIC SCHOOL

311 4TH STREET NW
AUSTIN,MN55912 		  PC COMMUNITY SUPPORT 400

PARENTING RESOURCE CENTER INC

105 1ST STREET SE PO BOX 505
AUSTIN,MN55912 		  PC COMMUNITY SUPPORT 2,700

PARTNERSHIP FOR FOOD SAFETY EDUCATION

2345 CRYSTAL DRIVE SUITE 800
ARLINGTON,VA22202 		  PC COMMUNITY SUPPORT 5,000

PELICAN RAPIDS FOOD SHELF

PO BOX 592
PELICAN RAPIDS,MN56572 		  PC COMMUNITY SUPPORT 10,000

PRESENTATION LANTERN

900 JACKSON STREET SUITE LL5-1
DUBUQUE,IA52001 		  PC COMMUNITY SUPPORT 5,000

PROJECT I AM NFP

7923 S PAXTON AVE
CHICAGO,IL60617 		  PC COMMUNITY SUPPORT 5,000

QUAKERTOWN FOOD PANTRY

PO BOX 278
QUAKERTOWN,PA18951 		  PC COMMUNITY SUPPORT 10,000

RECOVERY IS HAPPENING

25 16TH ST NE
ROCHESTER,MN55906 		  PC COMMUNITY SUPPORT 2,500

RIVER BEND FOODBANK

4010 KIMMEL DR
DAVENPORT,IA52802 		  PC COMMUNITY SUPPORT 10,000

RIVERLAND COMMUNITY COLLEGE FOUNDATION

1900 8TH AVE NW
AUSTIN,MN55912 		  PC COMMUNITY SUPPORT 58,000

ROCHELLE CHRISTIAN FOOD PANTRY

770 WEST LINCOLN AVE
ROCHELLE,IL61068 		  PC COMMUNITY SUPPORT 10,000

SECOND HARVEST HEARTLAND

1140 GERVAISE AVE ST
ST PAUL,MN55109 		  PC COMMUNITY SUPPORT 5,000

SECOND HARVEST SAN JOAQUIN & STANISLAUS

704 INDUSTRIAL PARK DRIVE
MANTECA,CA95337 		  PC COMMUNITY SUPPORT 10,000

SHARE OUR STRENGTH - NO KID HUNGRY

1030 15TH ST NW SUITE 1100 W
WASHINGTON,DC20005 		  PC COMMUNITY SUPPORT 2,500

SOUTHERN MN INITIATIVE FDN

525 FLORENCE AVE
OWATONNA,MN55060 		  PC COMMUNITY SUPPORT 9,449

SOUTHGATE ELEMENTARY SCHOOL

1601 19TH AVE SW
AUSTIN,MN55912 		  PC COMMUNITY SUPPORT 2,000

SOUTHWEST INITIATIVE FOUNDATION

15 3RD AVE NW
HUTCHINSON,MN55350 		  PC COMMUNITY SUPPORT 7,500

ST VINCENT DEPAUL CENTER

617 3RD AVE NW
FARIBAULT,MN55021 		  PC COMMUNITY SUPPORT 10,000

SUMNER ELEMENTARY SCHOOL

805 8TH AVE NW
AUSTIN,MN55912 		  PC COMMUNITY SUPPORT 2,265

THE FARMLINK PROJECT

325 ARNO WAY
PALISADES,CA90272 		  PC COMMUNITY SUPPORT 10,000

THE GARDEN CLUB PROJECT

8655 LOVELL LANE
BLACKLICK,OH43004 		  PC COMMUNITY SUPPORT 2,500

THE REED SEED INC

403 22ND ST NW
AUSTIN,MN55912 		  PC COMMUNITY SUPPORT 10,000

THE RISE N SHINE FOUNDATION INC

23114 TIMBER CREEK LANE
CLARKSBURG,MD20871 		  PC COMMUNITY SUPPORT 2,500

THE SALVATION ARMY

409 1ST AVE NE
AUSTIN,MN55912 		  PC COMMUNITY SUPPORT 10,000

THE TREVOR PROJECT

458 N DOHENY DRIVE 69232
WEST HOLLYWOOD,CA90048 		  PC COMMUNITY SUPPORT 2,500

THIELEN FOUNDATION INC

314 1ST AVE N 200
MINNEAPOLIS,MN55401 		  PC COMMUNITY SUPPORT 37,500

TRAVIS MANION FOUNDATION

164 E STATE ST
DOYLES TOWN,PA18901 		  PC COMMUNITY SUPPORT 10,000

TREEHOUSE INC

5757 WAYZATA BLVD
MINNEAPOLIS,MN55416 		  PC COMMUNITY SUPPORT 250

TRI CITY FOOD PANTRY

PO BOX 461214
PAPILLION,NE68046 		  PC COMMUNITY SUPPORT 10,000

UNITED NEGRO COLLEGE FUND INC

1805 7TH ST NW
WASHINGTON,DC20001 		  PC COMMUNITY SUPPORT 15,000

UNITED WAY-MOWER COUNTY

111 MAIN ST N 202
AUSTIN,MN55912 		  PC COMMUNITY SUPPORT 57,500

UNITED WAY OF THE GREATER CHIPPEWA VALLEY

3603 N HASTINGS WAY SUITE 200
EAU CLAIRE,WI54703 		  PC COMMUNITY SUPPORT 250

UNIVERSITY OF FLORIDA

PO BOX 113201 SUITE 1250
GAINESVILLE,FL32611 		  PC COMMUNITY SUPPORT 1,000

UNIVERSITY OF NORTH CAROLINA CHARLOTTE

9201 UNIVERSITY CITY BLVD
CHARLOTTE,NC28223 		  PC COMMUNITY SUPPORT 1,000

UNIVERSITY OF PENNSYLVANIA

2929 WALNUT STREET SUITE 300
PHILADELPHIA,PA19104 		  PC COMMUNITY SUPPORT 10,000

UNIVERSITY OF WISCONSIN STOUT

210 BOWMAN HALL 802 S BROADWAY
MENOMONIE,WI54751 		  PC COMMUNITY SUPPORT 2,000

UPCYCLED FOOD FOUNDATION

5445 DTC PARKWAY P4
GREENWOOD VILLAGE,CO80111 		  PC COMMUNITY SUPPORT 10,000

V FOR VICTORY OF FLORIDA INC

PO BOX 226
PONDA VEDRA,FL32004 		  PC COMMUNITY SUPPORT 5,000

VANILLA FEEDS TOMORROW INC

70 PARKSIDE PLACE
CROSSVILLE,TN38555 		  PC COMMUNITY SUPPORT 2,500

VERNON-VERONA-SHERRILL ED FOUNDATION INC

PO BOX 63 560 SENECA ST
SHERRILL,NY13461 		  PC COMMUNITY SUPPORT 500

WE CANCERVE MOVEMENT INC

2206 OLD EMMERTON ROAD STE 100 273
BEL AIR,MD21015 		  PC COMMUNITY SUPPORT 3,000

WELCOME CENTER INC

111 N MAIN ST STE 101
AUSTIN,MN55912 		  PC COMMUNITY SUPPORT 1,000

WILLIS DADY EMERGENCY SHELTER INC

1247 4TH AVE SE
CEDAR RAPIDS,IA52403 		  PC COMMUNITY SUPPORT 250

WORLD CENTRAL KITCHEN INC

200 MASSACHUSETS AVE NW 7TH FLOOR
WASHINGTON,DC20001 		  PC COMMUNITY SUPPORT 10,000

WORLD FOOD PRIZE

100 LOCUST STREET
DES MOINES,IA50309 		  PC COMMUNITY SUPPORT 25,000

WORLD FOOD PROGRAM USA

1725 I ST NW SUITE 510
WASHINGTON,DC20006 		  PC COMMUNITY SUPPORT 25,000

WORLD PIZZA CHAMPIONS

115 NORTH FINDLEY STREET
PUNXSUTAWNEY,PA15767 		  PC COMMUNITY SUPPORT 10,000

WORLD WILDLIFE FUND

1250 24TH ST NW
WASHINGTON,DC20037 		  PC COMMUNITY SUPPORT 9,855

YOUNG MEN'S CHRISTIAN ASSOCIATION

402 N MARKET
WICHITA,KS67202 		  PC COMMUNITY SUPPORT 10,000

YOUNG MEN'S CHRISTIAN ASSOCIATION- AUSTIN

501 4TH AVE NE
AUSTIN,MN55912 		  PC COMMUNITY SUPPORT 800

YOURCAUSE LLC

65 FAIRCHILD STREET
CHARLESTON,SC29492 		  PC SERVICES 445,009

PROJECT 1649 INC

2911 CARROUSEL LANE
JANESVILLE,WI53545 		  PC COMMUNITY SUPPORT 10,000
Total .................................right arrow 3a 2,326,620
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....          
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		         
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 0 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
0
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
HORMEL FOODS CORPORATION CHARITABLE
TRUST
Employer identification number

01-0761416
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
HORMEL FOODS CORPORATION CHARITABLE
TRUST 		Employer identification number
01-0761416
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
HORMEL FOODS CORPORATION
 
1 HORMEL PLACE
 
AUSTIN, MN55912

$ 2,086,426


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
HORMEL FOODS CORPORATION CHARITABLE
TRUST 		Employer identification number

01-0761416
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
HORMEL FOODS CORPORATION CHARITABLE
TRUST 		Employer identification number

01-0761416
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
HORMEL FOODS CORPORATION CHARITABLE
 
TRUST
EIN:
01-0761416
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROFESSIONAL FEES 21,866 0 0 21,866

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2023 ExpenditureResponsibilityStmt
Name:
HORMEL FOODS CORPORATION CHARITABLE
 
TRUST
EIN:
01-0761416
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
AUSTIN CONVENTION AND VISITORS BUREAU
  		301 NORTH MAIN STREET SUITE 101
AUSTIN,MN55912 		2023-10-16 1,782 COMMUNITY CALENDAR WEBSITE UPGRADE WORK FOR DISCOVER AUSTIN MN (AKA AUSTIN CONVENTION AND VISITORS BUREAU). 1,782 NONE 05/09/24 2024-05-09 ENSURED GRANT WAS USED FOR EDUCATION PURPOSES AS OF MAY 9, 2024 AS OUTLINED IN THE GRANT APPLICATION.

TY 2023 OtherExpensesSchedule
Name:
HORMEL FOODS CORPORATION CHARITABLE
 
TRUST
EIN:
01-0761416
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MISC 249 0 0 249
BANK FEES 1,094 0 0 1,094
YOURCAUSE SOFTWARE 61,406 0 0 61,406


TY 2023 OtherIncreasesSchedule
Name:
HORMEL FOODS CORPORATION CHARITABLE
 
TRUST
EIN:
01-0761416
Description Amount
RETURNED GRANT EXPENSE 15,000