Aldridge gives HPU $2 million

Feb. 28, 2013 @ 09:24 AM

Archdale resident and High Point University trustee Elizabeth Aldridge has committed to give the university $2 million.
HPU will honor Aldridge and her late husband, William, by naming the Village, a complex of three buildings that house 655 students on N. College Drive, for them.
Two of Aldridge’s grandchildren are HPU alumni. Aldridge was recognized by the High Point Community Foundation as Philanthropist of the Year in 2011 for her generosity in supporting a number of organizations in the greater High Point area.
“Elizabeth is a cheerleader for our community and an advocate of High Point University,” said HPU President Nido Qubein. “We are grateful for her spirited and continued support.”
The gift will move Aldridge into HPU’s University Society of donors, those who have contributed $1 million or more. 
Aldridge and her late husband, who founded Archdale Oil Co., also donated 17 acres of land to make Archdale’s Creekside Park, library, fire department and Randolph County Community College possible.
In the 1980s,  Aldridge was one of the first to donate to establish the endowment at High Point Regional Hospital, and she also raised funds for the Carl and Linda Grubb Family YMCA. Aldridge also has contributed to the Board of Trustees and Grants Committee of the High Point Community Foundation.
 

Donations
Eight families have contributed $10 million to High Point University since 2005 for campus upgrades.  Much of the money, $10 million each from the families of Earl E. Congdon, Fred E. Wilson, Jr., Mark A. Norcross and HPU President Nido Qubein, will go to the $70 million new School of Health Sciences and the proposed school of pharmacy.

Other leading HPU donors include:
• Businessman and philanthropist David Hayworth, who pledged the single largest gift in the school’s history, bringing the total investment from his family to more than $25 million; Pat Norton, La-Z-Boy Corp.’s chairman;  L. Paul Brayton, president of Paul Brayton Designs, real estate, valued at $2.3 million;  The Millis family, led by the late Jesse Millis and Jim Millis,  and Molly Millis Hedgecock gave HPU a Davidson County country home valued at $2.3 million; retired furniture salesman Plato Wilson and his daughter, Susan, gave HPU a large unrestricted gift; Kathleen and John Luke, chairman and CEO of MeadWestvaco, donated $1.1 million to create a professorship in the School of Art and Design; Hooker Furniture Corp. donated two showroom buildings on King Street with an appraised value of $1.35 million.