NonProfit

Ted Turner to give Nebraskan land to nonprofit but keep paying taxes

Ted Turner to give Nebraskan land to nonprofit but keep paying taxes

By The Associated Press Troy Warren for CNT Media mogul and billionaire bison rancher Ted Turner is donating an 80,000-acre ranch he owns in western Nebraska to his own nonprofit agriculture ecosystem research institute and says he might do the same with four other ranches in Nebraska’s Sand Hills. But he’ll continue to pay taxes on the land, much to the relief of local officials and Nebraska leaders, the Omaha World-Herald reported Thursday. “I believe that local property taxes provide essential support for services on which our ranches and communities depend," Turner, 82, said in a news release last week announcing the new…
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