Recently I have been writing a series of good news stories on people who support the community and give back to local organizations.
Today I wanted to shine the spotlight on one Cincinnati couple who have given away hundreds of millions of dollars to charity.
Let's take a quick look at their story.
The Cincinnati entrepreneur
Fifty years ago, Harry Fath was working as a lawyer when he bought a six-unit apartment building.
He thought there was more opportunity in real estate than law, so he decided to quit law and pursue a career in purchasing properties.
It proved to be a wise decision as Fath has grown his business, Fath Properties, to a portfolio of 28 properties and over 7,800 units across Ohio, northern Kentucky, Indiana, and Dallas, Texas.
His business has made Fath a very wealthy man. And he is giving a lot of his fortune away.
While the couple gives heavily, Harry and his wife, Linda, prefer to do it quietly, unlike many philanthropists. So you won't find their name honored on buildings of organizations they've supported around Cincinnati, despite their impact.
They donate to various causes, including health, education, and local tourism.
Some of their donations include:
- In February 2018, Linda and Harry Fath donated $50 million to the Christian ministry Mercy Ships. It went toward a floating hospital on a former cruise ship that supports people in need. They made a second donation of $50 million to Mercy Ships in December last year.
- A $50 million gift to the Cincinnati Zoo in 2018, which is the largest in its history.
- The same year they also donated $50 million to the Lindner Center, which serves tens of thousands who struggle with mental illness or addiction.
- $10 million for scholarships to St. Xavier High School. This was followed by a $50 million gift designated for tuition assistance.
- $50 million to the University of Notre Dame to use exclusively for undergraduate financial aid.
- In 2015 a $5 million donation to help renovate the Cincinnati Music Hall.
- $ 1 million to Purcell Marian High School. While neither Harry nor Linda attended the school, they have been long term supporters of CISE, Cincinnati's Catholic inner-city school initiative
The couple also serves on the boards of various Cincinnati organizations.
Readers, what do you think of the generosity of Harry and Linda Fath? What other organizations in Cincinnati would you like to see them support?
Please leave your comments below.