Greater Cincinnati Foundations Receives Its Largest Gift Ever
The Greater Cincinnati Foundation received its largest gift ever recently.
James and Anne Nethercott established an $18 million fund in their names.
The endowed gift is the largest Greater Cincinnati Foundation (GCF) has received in its history and will allow the foundation to award sizeable grants to organizations that are working to improve the region's quality of life.
James Nethercott was chief financial officer of Procter & Gamble from 1976 until his retirement in 1991. He passed away in 2009. Anne passed away this year.
The Nethercotts' daughter, Sandy Waters, spoke of the responsibility her parents felt toward the Cincinnati community, which became their home in the late 1950s.
"My parents' frugal habits and their strong sense of responsibility to others less fortunate were hallmarks of their lives," she said. "Their gift to GCF and other organizations were planned in great detail many years ago with the hope that the community would benefit from their good fortune and hard work."
The James W. and Anne H. S. Nethercott Fund will benefit organizations throughout the region and in their home of Canada, including those working in the following areas: educational improvement, community and racial harmony, government responsibility, workforce, early childhood development, and responsible journalism.
"GCF is honored to carry on the legacy of Jim and Anne through this amazing gift that will make Greater Cincinnati a stronger, more equitable home for everyone," said Ellen M. Katz, GCF President/CEO. "This expression of love for their adopted community is inspiring, and we are determined to amplify the impact of their incredible generosity."
"I was inspired to learn about Jim and Anne Nethercott's significant donation to the Greater Cincinnati community that has so generously supported P&G over the years. The Nethercotts are demonstrating what all of us at P&G believe - that we have a responsibility to help the communities where we live and work prosper," said David S. Taylor, chairman of the GCF board and president and chief executive officer of P&G.