Timberwolves owner donates $172 million in farmland

(KWNO)-Timberwolves owner Glen Taylor, is making a substantial contribution by donating $172 million worth of farmland to Minnesota and Iowa. Taylor says he wants to focus on rural communities and that the land will be distributed to three partners of the Taylor Foundation, including the Mankato Area Foundation and the Southern Minnesota Initiative Foundation (SMIF). SMIF promotes economic growth in the 20 counties of south central and southeastern Minnesota including Winona County.

The Taylor Foundation says the farmland donation will take place before the year ends, with distribution beginning next year. Taylor is Minnesota’s richest person.