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Billionaire Glen Taylor Announces A New Charitable Mission For 2024
Foundation: Initiative Foundation
Mankato businessman and Star Tribune owner will rent out his farmland, valued at $172 million.
He will donate the proceeds to charities and southern Minnesota communities.
In 2020, Taylor became one of 30 NBA team owners to commit $1 million a year over the next 10 years to a newly created NBA Foundation.
The proceeds from the rented farmland will be disbursed to the Mankato Area Foundation, Southern Minnesota and the St.
Paul & Minnesota Foundation.
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