High Point's study in contrasts
Gate City writes a nice tribute to High Point philanthropist David Hayworth, who just made an enormous gift to High Point University.
"David Hayworth once said in our presence that he made his money in High Point and with just one or two exceptions, he gave his money away in High Point," Gate writes. "The city was his home, where his family made their fortune, and where he was going to give it away. His name is on numerous facilities in the furniture city and he has funded so many non-capital projects. When there is a worthwhile cause in High Point, more often than not, David Hayworth is helping to fund it"
I can't help sadly noting the contrast to the late Randall Terry, who derived a fortune probably larger than the Hayworth family's from High Point interests -- primarily the International Home Furnishings Center and the High Point Enterprise -- and gave very little of it back to High Point, even in death.
The 2005 IRS 990-PF report for the R.B. Terry Charitable Foundation Inc. reports total net assets or fund balances at end of year of $72,795, 556. Yes, that's more than 72 million dollars.
The foundation gave away $5,210,000 as follows:
$2.5 million to Woodberry Forest School in Woodberry Forest, Va.;
$2.5 million to the N.C. Veterinary Medical Foundation Inc. in Raleigh;
$100,000 to Youth Unlimited in High Point;
$100,000 to Montpelier Foundation in Montpelier Station, Va.;
$10,000 to United Animal Coalition in Greensboro.
The Youth Unlimited contribution was the only new recipient in 2005. No High Point organizations received funds in 2004, the year Terry died, or in 2003.
Randall Terry lived in High Point nearly all his life but didn't like it. His name will not be remembered there for long.
Fortunately, the city has people like David Hayworth who believe in giving back.
Comments (3)
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Doug, you have to understand the key to understanding Randall: He viewed dogs as the the highest life forms and the only bona-fide inhabitants of High Point, and indeed, probably of the whole earth. How he got this way?
Why ask why.
Now Dot Kearns took Randall's philosophy but scaled it back a bit to include n. High Point residents only as being subordinate to the K-9s.
How she got this way? Again, why ask why.
Posted on April 7, 2007 11:45 AM
Rumor has it Randall went to "The Oyster Roast" or some such Emerywood social event. He apparently got into it with Dot about something or other and Dot said something like she wished Randall had kids so she could send them to Andrews. Randall then said he would never give any money to High Point again.
Like I said, this is hearsay.
Posted on April 7, 2007 6:17 PM
Not to worry SCS. I believe Dot's days are numbered. She can't even make a motion. You can see the wheels slowing down. Reagan knew when it was time to throw in the towel. Susie knew it. Dot's time is way overdue.
Posted on April 12, 2007 7:24 AM