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Faye McBeath was born in Milwaukee on February 4, 1882, the only child of Violette Nieman McBeath and Charles Henry McBeath.

She attended public school in Milwaukee, graduating from West Division High School in 1902. After completing a two-year course at the old Milwaukee Normal School, she taught in public schools in Milwaukee and Wisconsin Rapids until returning to college to complete her formal education. She graduated from the University of Wisconsin with a Bachelor of Arts degree in 1913. She then taught at North Division High School until 1916 when her uncle, Lucius W. Nieman, founder of The Milwaukee Journal, persuaded her to join the Journal Company where she served in various posts for the next twenty years.

Upon Mr. Nieman's death in 1935, Miss McBeath inherited one-fourth of his holdings in the Journal Company, a substantial fortune which was eventually used to establish the Faye McBeath Foundation.

During the last thirty years of her life, Miss McBeath devoted herself actively to a variety of causes in the greater Milwaukee community. She established the Lucius W. Nieman Chair of Journalism at Marquette University in memory of her uncle, and gave generously and quietly to support many programs relating to the education and care of children, help for the blind, and in the arts. In her later years, she was honored by many organizations and institutions which had been strengthened by her leadership, her gifts, and her compassion.

Upon her death on June 7, 1967, the bulk of her estate went to the Foundation which she had created a few years earlier, to be devoted entirely to the welfare of the people in the community in which she and her uncle had lived and worked.