Timothy Mellon Donated $130 Million To Fund Troops Amid Shutdown: Report

Benzinga_recent_news10-26

Billionaire and Republican donor Timothy Mellon offered $130 million to help pay U.S. military members during the government shutdown. Trump made the anonymous donation public on Thursday, calling the...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2578068296?lang=en_US&edition=fundamental","thumbnail":"https://cdn.benzinga.com/files/images/story/2025/10/25/100-Dollar-Bill-With-American-Flag--Debt.jpeg?optimize=medium&dpr=2&auto=webp&width=240","is_english":true,"pubTime":"2025-10-26 11:11","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2578068296","market":"us","top_or_hot":-1,"title":"Timothy Mellon Donated $130 Million To Fund Troops Amid Shutdown: Report","media":"Benzinga_recent_news","content":"<div>\n<p>Billionaire and Republican donor Timothy Mellon offered $130 million to help pay U.S. military members during the government shutdown.\nTrump made the anonymous donation public on Thursday, calling the...</p>\n\n<a href=\"https://www.benzinga.com/news/politics/25/10/48422762/timothy-mellon-donated-130-million-to-fund-troops-amid-shutdown-report\">Source Link</a>\n\n</div>\n","source":"benzinga_recent_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Timothy Mellon Donated $130 Million To Fund Troops Amid Shutdown: Report</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTimothy Mellon Donated $130 Million To Fund Troops Amid Shutdown: Report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-10-26 11:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/politics/25/10/48422762/timothy-mellon-donated-130-million-to-fund-troops-amid-shutdown-report><strong>Benzinga_recent_news</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Billionaire and Republican donor Timothy Mellon offered $130 million to help pay U.S. military members during the government shutdown.\nTrump made the anonymous donation public on Thursday, calling the...</p>\n\n<a href=\"https://www.benzinga.com/news/politics/25/10/48422762/timothy-mellon-donated-130-million-to-fund-troops-amid-shutdown-report\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4174","symbol_name":"机场服务","start_time":0,"source_url":"https://www.benzinga.com/news/politics/25/10/48422762/timothy-mellon-donated-130-million-to-fund-troops-amid-shutdown-report","article_id":"2578068296","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2025/10/25/100-Dollar-Bill-With-American-Flag--Debt.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/news/politics/25/10/48422762/timothy-mellon-donated-130-million-to-fund-troops-amid-shutdown-report","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2578068296","pubTimestamp":1761448260,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Billionaire Timothy Mellon, grandson of former Treasury Secretary Andrew Mellon, reportedly offered $130 million to pay U.S. troops.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4174":"机场服务","PAC":"太平洋航空"},"translate_title":"蒂莫西·梅隆(Timothy Mellon)在政府关门期间捐赠了1.3亿美元资助军队：报告","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PAC":1},"content_text":"Billionaire and Republican donor Timothy Mellon offered $130 million to help pay U.S. military members during the government shutdown.\nTrump made the anonymous donation public on Thursday, calling the donor a friend and a “patriot,” but he withheld their identity. Sources familiar with the matter have revealed that the donor is Mellon, as per a New York Times report on Saturday.\nMellon donated millions to Donald Trump‘s presidential campaign’s Make America Great Again super political action committee (PAC) last year.\nSpeaking to reporters on Friday, Trump declined to confirm Mellon as the donor, instead describing the person as \"a great American citizen\" and a \"substantial man.\"\n“He doesn’t want publicity,” the U.S. president said, according to the report. “He prefer that his name not be mentioned which is pretty unusual in the world I come from, and in the world of politics, you want your name mentioned.”\nAccording to The Times, the Pentagon used its “general gift acceptance authority” to accept the donation. \nThe donation might, however, be in violation of the Antideficiency Act, which forbids federal agencies from using unpaid assistance that Congress has not authorized or from spending more money than is permitted.\nMellon Foundation did not immediately respond to Benzinga’s request for a comment.\nSee Also: Trump Hits Sherrill, Boosts Ciattarelli In New Jersey\nIn 1981, Mellon established Guilford Transportation Industries, a railroad company that is now no longer in operation. His grandfather, Andrew Mellon, who was Treasury secretary from 1921 to 1932, is largely responsible for his wealth.\nForbes named the Mellon family one of America's wealthiest last year, with a combined net worth of more than $14 billion. Timothy Mellon reported his own net worth at about $700 million in 2014. \nThe London Times estimated it at roughly $1 billion last year, while a relative told Vanity Fair it was closer to $4.2 billion.\nAccording to the Wall Street Journal, Mellon gave roughly $350,000 to political causes between 1996 and 2018.\nDuring the 2020 election, Mellon's political spending rose to $60 million in support of Republican candidates, including $20 million for Trump, according to Forbes.\nIn the 2024 cycle, Mellon donated $165 million total, according to campaign finance tracker OpenSecrets. This included $25 million to the political action committee American Values 2024 that supported Robert F. Kennedy Jr.’s presidential campaign.\nMellon’s contribution coincides with Trump’s pledge to pay law enforcement officers, immigration agents, and military personnel even though lawmakers have not approved funding for their salaries. This month, he signed an executive order directing the Pentagon to pay for troops’ salaries out of some research and development funds.\nAbout 670,000 federal employees have been furloughed, while roughly 730,000 are working without pay, according to the Bipartisan Policy Center. As the shutdown enters its third week, thousands of government workers missed their first paycheck this week.\nRead Next: \nPhoto courtesy: J.J. Gouin via Shutterstock\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2578068296","isCrawlerRequest":true}