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The Index-Journal from Greenwood, South Carolina • Page 5

Publication:
The Index-Journali
Location:
Greenwood, South Carolina
Issue Date:
Page:
5
Extracted Article Text (OCR)

Thursday, January 4. 2001 State The Index-Journal, Greenwood, C. 5A II entile magnate leaves $400 million to charity The amount received by the Greenville YMCA could easily dwarf the agency's $8.6 million annual budget, said President Gary Schlansker. Hollingsworth was "a very generous supporter" of the YMCA before he died and many of his employees participated in activities at the Golden Strip branch, Schlansker said. Rasor, one of the estate's three executors, said there were no plans to sell John D.

Hollingsworth on Wheels. The company employ about 450 people in Greenville and an additional 1,500 workers worldwide. It has plants in Norwood, Sylacauga, and Terrell, Texas, as well as subsidiaries in Brazil, Canada, France, Germany, Italy, Portugal, Spain and the United Kingdom. On the Net: John D. Hollingsworth on Wheels: www.jdhow.com The Chronicle of Philanthropy: www.philanthropy.com GREENVILLE (AP) John D.

who ran his textile business in intense privacy "before his death, decided to use his estate of as much as $400 million in a very public way. Hollingsworth left nearly all of it to Furman University and the Greenville YMCA and to Upstate charities to be determined by the board of his nonprofit foundation cre--ated nearly 20 years ago. The exact amount of the estate is 'unknown. Paulette Murphy, the presi-Vderit of Hollingsworth 's land development company, said the 6,000 I'-'acres in prime areas of Greenville 36,000 acres of timberiand near the South Carolina coast could be worth as much as $400 million. Only eight donations met or 'lopped $100 million last year, according to The Chronicle of Phil--anthropy.

Hollingsworth, 83, died Saturday morning after going to the emergency room following a fall from his '-'bed the day before. He spent his life building John D. Hollingsworth on Wheels a privately held manufacturer of metallic carding machines -'that separate textile fibers. His grand- father founded the company in 1894. Despite his wealth, Hollingsworth lived in a trailer behind his flagship plant "He's always been a very private person in the past All his donations were anonymous.

He did not seek any glory. He just wanted to'retum to the community what he thought the community allowed him to accumulate," said Andy Rasor, the company's vice president for administration. The company was No. 208 on the Forbes 500 list of private companies in 1994, with a net, worth of $500 million. It has fallen off the financial magazine's rankings in recent years.

The will provides nothing for Hollingsworth's only child, Mary Jane Crolley. Hollingsworth accused his daughter and ex-wife of stealing money from the company, but would not to testify against them at trial and both were acquitted. The Greenville News reported. Crolley 's children will each get a $250,000 trust fund for their college education. The will directs the Hollingsworth Fund to give 45 percent of the profits from the business and Hollingsworth's landholdings to Fur-man.

An additional 45 percent will go to charities picked annually by the foundation board and the remaining 10 percent will go to the Greenville YMCA. Furman officials have known of Hollingsworth's plans for about 20 years. The bequest could surpass the school's previous record gift of $25 million in 1993 by Homozel Mickel Daniel, President David Shi said. Hollingsworth went to Furman for a year in the late 1930s before dropping out to run the family business. Although he never got his degree, he supported the school ever since.

EMPLOYMENT OPPORTUNITY AT Thayers, Inc. Fine Gifts Furniture Full-Time Position Available Alcohol blamed for double fatality OPPORTUNITY FOR ADVANCEMENT Applications Inquiries Accepted By Mail Only Send Resume: Thayers, Inc. 302 Main St. Greenwood, SC 29646 pants riding in the back seat, Robert Wickman, 23, of Manchester, Iowa, and Walter Rowcliff of Strawberry Point, Iowa, were not tested, he said. Bridal Gowns That Are Unforgettable BECKLEY, W.Va.

(AP) State Police say drinking and driving is responsible for the deaths of two people killed on the West Virginia -''Turnpike last month. Chesalene "Chessie" Reeves, 37, of Lanark, had a blood alcohol level of .216, more than "twice the legal r'limit" of 0.10, 1st Sgt. G.K. Barnett said Wednesday. Jon Anthony Lyons, 50, of Columbia, and Reeves died Dec.

10 as she tried to make an illegal U-turn near the bottom of an entrance ramp at Harper Road and was struck broadside by a tractor- Barnett said Lyons' blood showed no trace of alcohol. Two other occu 223-8711 315 Cambridge Ave. Greenwood 10-6 Mon. 10-5 Sat. Sun.

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Pages Available:
673,030
Years Available:
1919-2024