46.8% of the shares of Βι¶ΉΣ³» are held by , 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 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.
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