Wyoming banking heir donated 98 percent of private funds for Abbott's Texas border wall

Texas state troopers with migrants
(Image credit: John Moore/Getty Image)

Texas Gov. Greg Abbott's (R) solicitation of private funds for a state-built barrier along the Mexican border raked in $54 million, but $53.1 million of that came from one donor, Timothy Mellon, a Wyoming billionaire and grandson of the late banking tycoon Andrew Mellon, The Texas Tribune reports.

"Before Mellon's donations, Abbott's private fundraising campaign had stalled at about $1.25 million around mid-August, two months after its launch — a drop in the bucket for a project with a price tag estimated in the billions of dollars," the Tribune reports. Then Mellon's money poured in over a few days in late August, and "the donations have since stalled again." Mellon made his contribution in stocks, not cash, which means he will likely get a tax break from the donation.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Peter Weber, The Week US

Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.