William O. Purdy, Jr. Foundation Fund
The William O. Purdy, Jr. Foundation Fund of The Greater Cincinnati Foundation was established by William O. Purdy, Jr. in 1988.
Mr. Purdy served as Senior Vice President of American Money Management Corporation, a subsidiary of American Financial Group until he retired in 1995. He was a graduate of Iowa State University and the University of Pennsylvania Wharton School of Business. Mr. Purdy died in 1998 and the Foundation was the beneficiary of virtually all of his assets.
An enthusiastic patron of the arts, Mr. Purdy at one time served as a trustee of the Hartford Ballet. The Trustees of the Foundation have resolved to focus the charitable endeavors of the Foundation on arts organizations in the Greater Cincinnati area, particularly the performing arts, in the belief that the Foundation would continue the charitable activities undertaken by Mr. Purdy during his lifetime.
In 2010, the Trustees of the Purdy Foundation determined that a formal conversion to an advised fund of The Greater Cincinnati Foundation would be the best option for the perpetual and efficient administration of Mr. Purdy's legacy.
Purpose of the Purdy Foundation Fund
The Foundation supports small nonprofit organizations whose performing arts programs enrich the cultural environment of the Greater Cincinnati area. Generally, the Foundation defines "small organizations" as those with annualized revenues under $1.5 million.