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Minnesota Timberwolves and Lynx owner, Glen Taylor, is gifting assets valued at $172 million to the Taylor Family Farms Foundation, to support people in southern Minnesota and rural communities across Minnesota and Iowa. The foundation will work in partnership with three nonprofit organizations: the Mankato Area Foundation, Southern Minnesota Initiative Foundation, and Saint Paul & Minnesota Foundation.
Taylor’s donation comprises parcels of farmland located in Minnesota and Iowa. Income generated by the farmland will be distributed to the three partner foundations for continuous reinvestment in the region where Taylor grew up and raised his family.
Read about it at the Southern Minnesota Initiative Foundation