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He also donated the funds to build Kenan Stadium’s Loudermilk Center for Excellence, which serves Carolina’s student-athletes across 28 sports. He helped fund construction for the McColl Building, where the Loudermilk Foyer in front of Koury Auditorium is named in his honor, and for the Rizzo Center, where UNC Executive Development offers programs in Loudermilk Hall. He also was a generous supporter of his alma mater. Olympics to Atlanta, and his philanthropy was a major force in the city he loved, with his family estimating he donated more than $35 million to causes across Georgia. Lowdermilk was instrumental in bringing the U.S. The Washington Post wrote about their enduring relationship in “ They Kept Atlanta Too Busy to Hate.” “But that was their problem, not mine,” he said.
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He went on to co-chair successful mayoral campaigns for Young in 19, which made Lowdermilk unpopular with many of his friends. The experience had a profound effect on Lowdermilk and deepened his involvement in the civil rights movement. Martin Luther King Jr., was the SCLC executive director. Lowdermilk got to know Young when he rented tents to the Southern Christian Leadership Conference (SCLC) for that march. “It began with a friendship stemming from Loudermilk’s support of the 1965 Selma to Montgomery march in Alabama to register Black voters.”
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“Few since the 1960s, when Atlanta began to emerge as an economic engine in the South, have united Black and white business leadership as well as Loudermilk and Young,” according to the Atlanta Business Chronicle. Ambassador to the United Nations, mayor of Atlanta and a U.S. Lowdermilk stepped down as CEO in 2008 and then as chairman in 2012 when he was 85.Īccording to the Atlanta Business Chronicle, some of his most significant contributions to Atlanta came through his friendship with Andrew Young, a minister and civil rights leader who served as U.S. Today Aaron’s is a $3 billion rent-to-own giant in name-brand furniture, consumer electronics and home appliances through its 1,300-plus company-operated and franchised stores in 47 states and Canada. population who have an annual household income under $50,000. The company offers its services through multiple channels to approximately 40-50% of the U.S.
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He went on to develop a unique lease-to-own model with a vision to fill a void for the underserved customer by providing the best deal on the highest quality products. I just wanted to be the first name in the Yellow Pages.” As his business grew, he adjusted to renting office and residential furniture, appliances and electronics.Ĭountless times people asked him: “Who is Aaron?” His answer: “There never was an Aaron. In 1955, he founded Aaron Rents with $500 when he identified a market gap for rentals – tables, chairs, linens, silverware for – weddings, funerals and entertaining. He came to UNC where he studied business and after he graduated in 1950 and worked as a salesman for Pfizer in Greensboro, he soon decided he wanted to work for himself and returned to Atlanta. At UNC, he was a deeply engaged alumnus who generously shared his talents, wisdom, and philanthropy and whose life embodied the School’s core values of integrity, inclusion, innovation and impact.īorn and raised in Atlanta, Lowdermilk enrolled at Georgia Tech when he was 16 and left to serve in the U.S. Lowdermilk was an entrepreneur, philanthropist, business and community leader and consensus builder who made an indelible impact on his beloved Atlanta. And through their philanthropy, they touched many lives at UNC Kenan-Flagler and in the cities where they lived.” As leaders, they changed their industries and contributed to their communities. “We have lost two extraordinary members of our community,” said Dean Doug Shackelford (BSBA ’80). Julian Robertson (BSBA ’55), the pioneering hedge-fund manager and founder of Tiger Management, died at the age of 90 on Aug. Two titans of industry died in August after well-lived lives and making a lasting impact on the business world and UNC Kenan-Flagler Business School.Ĭharlie Loudermilk (BSBA ’50), Atlanta’s iconic business and civic leader and founder of Aaron Rents Inc., died at age 95 on Aug.
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