Greater Cincinnati Foundation Receives Largest Endowed Gift in its History
$18 million fund established by James and Anne Nethercott will benefit several causes in Greater Cincinnati
CINCINNATI (November 13, 2019) – Inspired by their love for Greater Cincinnati and its people, James and Anne Nethercott wanted to give back to their adoptive hometown in an impactful way by establishing the $18 million James W. and Anne H. S. Nethercott Fund. 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 was CFO 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. 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.”
David S. Taylor, Chairman of the Board, President and Chief Executive Officer of P&G, lauded the Nethercotts’ generosity. He shared: “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.”
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About Greater Cincinnati Foundation
As the region’s leading community foundation, Greater Cincinnati Foundation connects people with purpose in an eight-county region in Ohio, Kentucky and Indiana. GCF is leading the charge toward a more vibrant Greater Cincinnati for everyone — now, and for generations to come.
