Billionaire Glen Taylor's Generous Gift to Rural America: A $100M Donation to Endure a Lifetime of Giving.
Glen Taylor, the billionaire founder of printing company Taylor Corp., has always been linked to rural Minnesota. Growing up on a dairy farm just outside Comfrey, Minn, Taylor's humble beginnings have shaped his philanthropic endeavors. Now, at 84 years old, he is extending his generosity through a $100 million donation to support rural communities in Minnesota and Iowa.
Taylor is transferring nine-figure assets, including farmland and securities, to the newly established Taylor Family Farms Foundation. By doing so, he aims to create long-term opportunities for those in need, citing his personal connection to rural America as motivation. "With this latest gift, I can give back for years to come and make a positive impact on the lives of others in a region that I love so much," Taylor stated.
The foundation's initial launch in 2023 with $173 million worth of farmland has already shown promising results. The nonprofit partners β Mankato Area Foundation, Southern Minnesota Initiative Foundation, and Saint Paul & Minnesota Foundation β have been instrumental in addressing pressing needs like child care, food insecurity, emergency medical services, and outdoor recreation. Past donations have included funding for ambulances, firefighter radios, and childcare centers.
Taylor's latest donation is not just a financial handout but also an investment in the local community. The farmland will be made available to farmers, providing rental income while supporting rural development. Taylor once owned nearly 18,000 acres of land across Minnesota and Iowa, a testament to his commitment to this cause.
While Taylor's philanthropy stands out, other billionaires are also making waves by channeling their wealth toward rural communities. Investment banker Byron Trott donated $150 million to boost enrollment at universities catering to rural students, while philanthropist MacKenzie Scott provided $36 million to North Carolina schools.
For Taylor, the personal connection remains a driving force behind his generosity. Growing up on farms and raising chickens instilled in him an appreciation for rural life, which he believes is essential to creating opportunities for those living there. By working with non-profit organizations, Taylor is confident that his efforts will have a lasting impact on the lives of others in rural America.
As the Taylor Family Farms Foundation continues its mission to support rural communities, Glen Taylor's $100 million donation serves as a beacon of hope for generations to come.
Glen Taylor, the billionaire founder of printing company Taylor Corp., has always been linked to rural Minnesota. Growing up on a dairy farm just outside Comfrey, Minn, Taylor's humble beginnings have shaped his philanthropic endeavors. Now, at 84 years old, he is extending his generosity through a $100 million donation to support rural communities in Minnesota and Iowa.
Taylor is transferring nine-figure assets, including farmland and securities, to the newly established Taylor Family Farms Foundation. By doing so, he aims to create long-term opportunities for those in need, citing his personal connection to rural America as motivation. "With this latest gift, I can give back for years to come and make a positive impact on the lives of others in a region that I love so much," Taylor stated.
The foundation's initial launch in 2023 with $173 million worth of farmland has already shown promising results. The nonprofit partners β Mankato Area Foundation, Southern Minnesota Initiative Foundation, and Saint Paul & Minnesota Foundation β have been instrumental in addressing pressing needs like child care, food insecurity, emergency medical services, and outdoor recreation. Past donations have included funding for ambulances, firefighter radios, and childcare centers.
Taylor's latest donation is not just a financial handout but also an investment in the local community. The farmland will be made available to farmers, providing rental income while supporting rural development. Taylor once owned nearly 18,000 acres of land across Minnesota and Iowa, a testament to his commitment to this cause.
While Taylor's philanthropy stands out, other billionaires are also making waves by channeling their wealth toward rural communities. Investment banker Byron Trott donated $150 million to boost enrollment at universities catering to rural students, while philanthropist MacKenzie Scott provided $36 million to North Carolina schools.
For Taylor, the personal connection remains a driving force behind his generosity. Growing up on farms and raising chickens instilled in him an appreciation for rural life, which he believes is essential to creating opportunities for those living there. By working with non-profit organizations, Taylor is confident that his efforts will have a lasting impact on the lives of others in rural America.
As the Taylor Family Farms Foundation continues its mission to support rural communities, Glen Taylor's $100 million donation serves as a beacon of hope for generations to come.