Xavier University, a private Jesuit university in Cincinnati, Ohio, announced Wednesday that it had received the largest donation in its 191-year history – a $50 million gift from Harry and Linda Fath.
“Harry and Linda’s remarkable gift will transform Xavier University as we approach our third century of life-changing experiences, one student at a time. This contribution will significantly benefit our endowment, enhancing our ability to make a Xavier education possible for generations to come,” Xavier University President Colleen Hanycz said in the university’s press release. “As Xavier launches our next strategic plan, we have spent the past year developing a bold vision for our future, raising our sights in this region and beyond. This gift encourages bold thinking.
Beyond Dr. Hancyz’s description, the university, which has a total enrollment of around 6,500 students, did not give further details on how the gift would be used, except to say in the statement that it will “enhance Xavier’s ability to make his education Jesuit Catholic”. more affordable for talented students.
Commenting on their donation, Harry Fath said: “Xavier is a great asset to our community. Linda and I are honored to be able to make this donation to Xavier University. My own Jesuit and Catholic upbringing made me who I am today. We hope this gift will change thousands of lives for the better and make a Xavier education available to those looking for the experience.
Harry Fath graduated from Notre Dame University in 1963. After serving in the US Army, he returned to his hometown and earned a law degree from the University of Cincinnati.
After practicing law for a few years, he began investing in real estate and eventually founded Fath Properties, a Cincinnati-based company specializing in owning, rehabilitating and managing apartment communities. Its current portfolio consists of more than 8,400 apartments located in Ohio, Northern Kentucky, Indiana and Dallas, Texas.
Harry and Linda Fath also donated $50 million to Harry’s alma mater, Notre Dame, last year. This donation, which was also the largest in the history of the university, will be used exclusively for undergraduate financial aid.
Linda Fath has been involved with the Taft Museum of Art, the Cincinnati Art Museum, the Greater Cincinnati Foundation, and several other civic and social activities. As a couple, Harry and Linda Fath have donated hundreds of millions of dollars to various causes, including higher education, the Cincinnati Zoo, St. Xavier’s High School Cincinnati, Mercy Ships International Christian Ministry, and the Lindner Center. , an Ohio mental center. health care program.