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
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us
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.