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Rural America is getting a bailout, but not from Trump—billionaires are riding to the rescue

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Rural America is getting a bailout.

Billionaires are increasingly stepping in to plug gaps in services, education, and opportunity that many small towns say have been ignored for years. While Washington remains gridlocked over how to revive areas left behind by industrial and demographic change, a growing class of wealthy donors is quietly reshaping the economic future of the countryside with nine-figure checks and thousands of acres of land.

Minnesota billionaire Glen Taylor, who built Taylor Corp. into a printing empire and became his state’s wealthiest resident, is now redirecting a significant slice of his fortune back to the rural communities that raised him. The 84-year-old former dairy farm kid from outside Comfrey, Minnesota (pop. 376 as of 2024), is transferring farmland and securities worth roughly $100 million into the Taylor Family Farms Foundation, with a specific mandate to support rural areas in Minnesota and Iowa.

Rather than offering a one-time cash infusion, Taylor’s gift is structured to generate income for years, building on a 2023 transfer of about $173 million in farmland that already funds grants through regional nonprofit partners. Taylor said the move is rooted in his own upbringing in southern Minnesota, where he worked on farms and raised chickens, and in a desire to “make a positive impact on the lives of others in a region that I love so much,” Taylor said in a statement to the Observer.​

Billionaire rural wave

Taylor is part of a broader pattern in which ultrawealthy donors are focusing explicitly on small-town and rural America rather than the big-city universities and museums that long dominated philanthropy. Investment banker Byron Trott, who grew up in Union, Missouri, has pledged $150 million to a network of universities to boost enrollment from rural students, a push that has already helped drive a 20% increase in applications.

Philanthropist MacKenzie Scott has similarly turned her attention to rural education, donating $36 million to North Carolina institutions such as Robeson Community College and Bladen Community College to bolster opportunities in some of the country’s poorest counties. Together, these gifts signal a recognition among billionaires that the country’s economic and political fault lines increasingly run between thriving metros and struggling rural regions—and that private money can move faster than federal policy.

Politics, power and dependence

The surge of billionaire attention comes as rural voters remain a core political base for Trump, whose “forgotten men and women” rhetoric helped power his return to the White House but has not translated into a sweeping federal revival plan for small-town America. In that vacuum, philanthropists like Taylor, Trott, and Scott are effectively writing their own rural policy agendas through foundations and grantmaking, deciding which towns get ambulances, which fire departments get radios, and which students get a shot at college.

Trump’s administration has announced a $12 billion bailout for farmers in the wake of a wipeout amid his tariff regime, particularly for soybeans. At one point in 2025, as Trump and Treasury Secretary Scott Bessent announced support for like-minded ally Javier Milei in Argentina, China cut its U.S. soybean purchases to zero and began buying them from Argentina instead. After a Trump-Xi summit, China resumed soybean purchases, and more recently Argentina has repaid its full $20 billion credit line. Kentucky soybean farmer Caleb Ragland told the Associated Press in early January that Trump’s aid for farmers was “a Band-Aid on a deep wound. We need competition and opportunities in the market to make our future brighter.”

For this story, Fortune journalists used generative AI as a research tool. An editor verified the accuracy of the information before publishing.



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Trump is sorry for deporting college student who flew home to surprise her family for Thanksgiving, but is still deporting her

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The Trump administration apologized in court for a “mistake” in the deportation of a Massachusetts college student who was detained trying to fly home to surprise her family for Thanksgiving, but still argued the error should not affect her case.

Any Lucia Lopez Belloza, a 19-year-old Babson College freshman, was detained at Boston’s airport on Nov. 20 and flown to Honduras two days later. Her removal came despite an emergency court order on Nov. 21 directing the government to keep her in Massachusetts or elsewhere in the United States for at least 72 hours.

Lopez Belloza, whose family emigrated from Honduras to the U.S. in 2014, is currently staying with grandparents and studying remotely. She is not detained and was recently visiting an aunt in El Salvador.

Her case is the latest involving a deportation carried out despite a court order. Kilmar Abrego Garcia was deported to El Salvador despite a ruling that should have prevented it. The Trump administration initially fought efforts to bring him back to the U.S. but eventually complied after the U.S. Supreme Court weighed in. And last June, a Guatemalan man identified as O.C.G. was returned to the U.S. after a judge found his removal from Mexico likely “lacked any semblance of due process.”

At a federal court hearing Tuesday in Boston, the government argued the court lacks jurisdiction because lawyers for Lopez Belloza filed their action several hours after she arrived in Texas while en route out of the country. But the government also acknowledged it violated the judge’s order.

In court filings and in open court, government lawyers said an Immigration and Customs Enforcement deportation officer mistakenly believed the order no longer applied because Lopez Belloza had already left Massachusetts. The officer failed to activate a system that alerts other ICE officers that a case is subject to judicial review and that removal should be halted.

“On behalf of the government, we want to sincerely apologize,” Assistant U.S. Attorney Mark Sauter told the judge, saying the employee understands “he made a mistake.” The violation, Sauter added, was “an inadvertent mistake by one individual, not a willful act of violating a court order.”

In a declaration filed with the court Jan. 2, the ICE officer also admitted he did not notify ICE’s enforcement office in Port Isabel, Texas, that the removal mission needed to be canceled. He said he believed the judge’s order did not apply once Lopez Belloza was no longer in the state.

The government maintains her deportation was lawful because an immigration judge ordered the removal of Lopez Belloza and her mother in 2016, and the Board of Immigration Appeals dismissed their appeal in 2017. Prosecutors said she could have pursued additional appeals or sought a stay of removal.

Her lawyer, Todd Pomerleau, countered that she was deported in clear violation of the Nov. 21 order and said the government’s actions deprived her of due process. “I was hoping the government would show some leniency and bring her back,” he said. “They violated a court order.”

U.S. District Judge Richard Stearns said he appreciated the government acknowledging the error, calling it a “tragic” bureaucratic mistake. But appeared to rule out holding the government in contempt, noting the violation did not appear intentional. He also questioned whether he has jurisdiction over the case, appearing to side with the government in concluding the court order had been filed several hours after she had been sent to Texas.

“It might not be anybody’s fault, but she was the victim of it,” Stearns said, adding at one point that Lopez Belloza could explore applying for a student visa.

Pomerleau said one possible resolution would be allowing Lopez Belloza to return to finish her studies while he works to reopen the underlying removal order.

This story was originally featured on Fortune.com



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One year after Bill Gates surprised with the choice to close his foundation by 2045, he’s cutting staff jobs

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The Gates Foundation announced Wednesday that it will spend a record $9 billion in 2026, maximizing its spending in key areas such as global health. At the same time it will begin reducing the number of staff positions it has by as much as 500 over five years. This announcement comes in the wake of last year’s surprise decision to shutter the foundation in 2045.

The planned layoffs mark another major shift for one of the largest and most influential foundations in the world at a time when many of its long-term priorities, such as addressing poverty and improving global health, have been undermined by cuts in U.S. government spending by the Trump administration.

Bill Gates said last year that the foundation would spend $200 billion over the next 20 years and then close as part of his plan to give away the bulk of his wealth. This week, he and other members of the foundation’s board approved the largest budget in the foundation’s history, topping last year’s budget of $8.74 billion. With that new dollar amount, the foundation will increase budgets for several programs, including women’s health, vaccine development, polio eradication, AI, and U.S. education.

The board also approved a proposal to cap operating costs — including staff, salaries, infrastructure required to run the organization, facilities, and travel expenses — at no more than $1.25 billion, or approximately 14% of the foundation’s budget. To meet that goal, the grantmaker will cut up to 500 of its 2,375 staff positions by 2030, including some open roles that may remain unfilled. The effort to reduce the staff count along with other expenses will be done incrementally and reviewed annually rather than coming in “a big wave,” foundation CEO Mark Suzman told the Chronicle of Philanthropy in an interview.

“We will do this thoughtfully, carefully, and systematically,” he said. “We’ll be recalibrating it every year. That 500-person target is a maximum target. I very much hope that we won’t have to do it as large as that number.”

Spending money prudently

Suzman said he and other board members felt the operating costs cap was necessary. If left unchecked, the foundation’s operating expenditures, currently around 13% of the budget, were projected to approach 18% by the end of the decade, Suzman said. The board wants to ensure that the foundation is spending money prudently and with a focus on maximizing the dollars spent and resources provided to the people the foundation serves, he said.

The Gates Foundation is also the world’s largest foundation to decide to close, and many in philanthropy have wondered how its leaders will go about planning an exit strategy, said Elizabeth Dale, acting executive director and Frey Foundation Chair for Family Philanthropy at Grand Valley State University’s philanthropy center. She works with a group of about 20 foundations that are spending down their endowments. Sunsetting a foundation with the massive wealth of the Gates Foundation is unprecedented and will likely require strong strategic planning, Dale said before the release of the new budget and staffing details.

“My sense is that they spent the last year really trying to home in on their priorities and their strategy,” she said.

What’s next

Many of the foundation’s core areas of work and achievement over the past decades have suffered due to humanitarian aid cuts from the United States and other countries last year, making philanthropic support more critical. In a recent blog post, Bill Gates noted that the “world went backwards” last year when it comes to child deaths, with the number going up for the first time this century, from 4.6 million in 2024 to 4.8 million in 2025.

“The next five years will be difficult as we try to get back on track and work to scale up new lifesaving tools,” Gates wrote. “Yet I remain optimistic about the long-term future.” In an effort to address that backsliding, the foundation is expected to accelerate spending in three priority areas over the next two decades: maternal and child health, infectious disease prevention, and poverty reduction, Suzman said. It also is expected to increase some grant sizes over time, though not across the board.

In the same post, Gates also discussed the challenges that artificial intelligence poses, warning that the technology could disrupt the job market and be misused by “bad actors” if more attention isn’t paid to how it’s developed, governed, and deployed.

At the same time, Gates has championed AI adoption. The foundation was among a coalition of funders that last July pledged to offer $1 billion in grants and investments to help develop AI tools for public defenders, social workers, and other frontline workers in the United States over the next 15 years. And, Suzman noted, AI is one of the foundation’s portfolio areas that will continue to expand.

The foundation also is expanding its footprint in India and Africa. Earlier this week, it announced the creation of a new Africa and India Offices Division. Staff on the HIV and tuberculosis teams at Gates Foundation headquarters in Seattle also will be downsized as that work largely shifts to offices in Africa, he said.

20 more years to go

Though the foundation has announced plans to close, Suzman continues to remind people internally and externally that 20 years is still a significant amount of time for the Gates Foundation to operate and make an impact.

“We are moving into what I believe is going to be the most impactful period of the Gates Foundation in its history,” he said. “We’ve learned a huge amount over the last quarter century. We’ve built expertise, credibility, and partnerships. We now have a set of goals that are allowing us to focus with greater intentionality.”

____

Stephanie Beasley is fellowship director and a senior writer at the Chronicle of Philanthropy, where you can read the full article. This article was provided to The Associated Press by the Chronicle of Philanthropy as part of a partnership to cover philanthropy and nonprofits supported by the Lilly Endowment. The Chronicle is solely responsible for the content. For all of AP’s philanthropy coverage, visit https://apnews.com/hub/philanthropy.



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Americans have been quietly plundering Greenland for over 100 years, since a Navy officer chipped fragments off the Cape York iron meteorite

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The Army also imagined hundreds of miles of rail lines buried inside Greenland’s ice sheet. On Project Iceworm’s tracks, atomic-powered trains would move nuclear-tipped missiles in snow tunnels between hidden launch stations – a shell game covering an area about the size of Alabama.

In the end, Project Iceworm never got beyond a 1,300-foot (400-meter) tunnel the Army excavated at Camp Century. The soft snow and ice, constantly moving, buckled that track as the tunnel walls closed in. In the early 1960s, first the White House, and then NATO, rejected Project Iceworm.

A U.S. Army truck with railroad wheels sits on a 1,300-foot-long track beneath the snow at Camp Century, Greenland. This is the closest the military got to realizing Project Iceworm. Robert W. Gerdel Papers, Ohio State University

In 1966, the Army abandoned Camp Century, leaving hundreds of tons of waste inside the ice sheet. Today, the crushed and abandoned camp lies more than 100 feet (30 meters) below the ice sheet surface. But as the climate warms and the ice melts, that waste will resurface: millions of gallons of frozen sewage, asbestos-wrapped pipes, toxic lead paint and carcinogenic PCBs.

Who will clean up the mess and at what cost is an open question.

Greenland remains a tough place to turn a profit

In the past, the American focus in Greenland was on short-term gains with little regard for the future. Abandoned bases, scattered around the island today and in need of cleanup, are one example. Peary’s disregard of the lives of local Greenlanders is another.

History shows that many of the fanciful ideas for Greenland failed because they showed little consideration of the island’s isolation, harsh climate and dynamic ice sheet.

Large rusted construction trucks and some fuel drums.

World War II-vintage trucks abandoned at a U.S. airfield in east Greenland were still there decades later. Posnov/Moment via Getty Images

Trump’s demands for American control of the island as a source of wealth and U.S. security are similarly shortsighted. In today’s rapidly warming climate, disregarding the dramatic effects of climate change in Greenland can doom projects to failure as Arctic temperatures climb.

Recent floods, fed by Greenland’s melting ice sheet, have swept away bridges that had stood for half a century. The permafrost that underlies the island is rapidly thawing and destabilizing infrastructure, including the critical radar installation and runway at Thule, renamed Pituffik Space Base in 2022. The island’s mountain sides are crashing into the sea as the ice holding them together melts.

The U.S. and Denmark have conducted geological surveys in Greenland and pinpointed deposits of critical minerals along the rocky, exposed coasts. However, most of the mining so far has been limited to cryolite and some small-scale extraction of lead, iron, copper and zinc. Today, only one small mine extracting the mineral anorthosite, which is useful for its aluminum and silica, is running.

It’s the ice that matters

The greatest value of Greenland for humanity is not its strategic location or potential mineral resources, but its ice. https://www.youtube.com/embed/9lnP0Rjb2E0?wmode=transparent&start=0 A NASA animation of satellite data shows Greenland’s ice sheet mass losses between 2002 and 2023, measured in meters of water equivalent in the ice.

If human activities continue to heat the planet, melting Greenland’s ice sheet, sea level will rise until the ice is gone. Losing even part of the ice sheet, which holds enough water to raise global sea level 24 feet in all, would have disastrous effects for coastal cities and island nations around the world.

That’s big-time global insecurity. The most forward-looking strategy is to protect Greenland’s ice sheet rather than plundering a remote Arctic island while ramping up fossil fuel production and accelerating climate change around the world.

Paul Bierman, Professor of Natural Resources and Environmental Science, University of Vermont

This article is republished from The Conversation under a Creative Commons license. Read the original article.

The Conversation



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