Wealthy Minnesota Billionaire Spreads the Wealth, Gives Back to Rural Communities
Glen Taylor, a 84-year-old billionaire and founder of printing company Taylor Corp., has pledged $100 million towards supporting rural communities across his home state of Minnesota and Iowa. This significant donation will be channeled through the Taylor Family Farms Foundation, a philanthropic initiative established by Taylor in 2023.
Taylor's journey to becoming one of Minnesota's wealthiest individuals began on a humble dairy farm outside Comfrey, Minn. He credits his upbringing in rural southern Minnesota with instilling strong values that have driven his success. With this latest gift, he aims to make a lasting impact on the lives of others in rural areas, where he grew up.
The Taylor Family Farms Foundation has already made a notable difference, with earlier donations generating millions in income to address community needs such as child care, food insecurity, and emergency medical services. For example, $100,000 was donated to fund a new ambulance at Buena Vista Regional Medical Center in Iowa, while $25,000 was allocated to create a child care center in Pipestone, Minn.
Taylor's latest farmland contributions will be made available to farmers directly, with the goal of supporting local residents. The move highlights his commitment to creating opportunities for rural communities and reflects his deep personal connection to these areas.
This is not an isolated effort; other billionaires are also dedicating their resources towards rural development. For instance, investment banker Byron Trott has committed $150 million to a network of universities targeting rural students, while philanthropist MacKenzie Scott donated $36 million to rural North Carolina schools last December.
Taylor's motivation for giving back is rooted in his personal experiences growing up on farms and raising chickens. He believes that by partnering with nonprofit organizations, he can create opportunities for children and families in rural communities. With this latest donation, Taylor aims to make a lasting positive impact on the lives of others, cementing his legacy as one of Minnesota's most generous philanthropists.
Glen Taylor, a 84-year-old billionaire and founder of printing company Taylor Corp., has pledged $100 million towards supporting rural communities across his home state of Minnesota and Iowa. This significant donation will be channeled through the Taylor Family Farms Foundation, a philanthropic initiative established by Taylor in 2023.
Taylor's journey to becoming one of Minnesota's wealthiest individuals began on a humble dairy farm outside Comfrey, Minn. He credits his upbringing in rural southern Minnesota with instilling strong values that have driven his success. With this latest gift, he aims to make a lasting impact on the lives of others in rural areas, where he grew up.
The Taylor Family Farms Foundation has already made a notable difference, with earlier donations generating millions in income to address community needs such as child care, food insecurity, and emergency medical services. For example, $100,000 was donated to fund a new ambulance at Buena Vista Regional Medical Center in Iowa, while $25,000 was allocated to create a child care center in Pipestone, Minn.
Taylor's latest farmland contributions will be made available to farmers directly, with the goal of supporting local residents. The move highlights his commitment to creating opportunities for rural communities and reflects his deep personal connection to these areas.
This is not an isolated effort; other billionaires are also dedicating their resources towards rural development. For instance, investment banker Byron Trott has committed $150 million to a network of universities targeting rural students, while philanthropist MacKenzie Scott donated $36 million to rural North Carolina schools last December.
Taylor's motivation for giving back is rooted in his personal experiences growing up on farms and raising chickens. He believes that by partnering with nonprofit organizations, he can create opportunities for children and families in rural communities. With this latest donation, Taylor aims to make a lasting positive impact on the lives of others, cementing his legacy as one of Minnesota's most generous philanthropists.