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- 1920s (Creation)
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Otto G. Richter (1892-1959) was a successful accountant in Pittsburgh, Pa. For health reasons, he retired and moved to Miami in 1938, where he became involved in various organizations throughout the community as a volunteer and philanthropist.
Richter became an ardent supporter of the University of Miami. In 1951, he gave the University his first gift to establish the Richter Loan and Scholarship Fund. After his death, his estate made available two million dollars for the construction of the Richter Library, which was completed in 1962.
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