Springs Company and TSC Foundation Contribute $100,000
For many decades, Springs Industries, Inc., along with members of the Springs/Close family
who founded the Fort Mill, South Carolina-based textile firm during the Depression years of the
last century, have been stalwart supporters of the Moore School of Business.
One of the buildings at the Moore School of Business is named after the late H. William
"Bill" Close, former president and chairman of Springs Industries, Inc. The business school
library is named after Close's father-in-law, Col. Elliott White Springs, who consolidated several
textile mills in the 1930s to form Springs Mills.
Bill Close was an original member of the USC-Business Partnership Foundation, the Moore
School's liaison with the business community that was formed in 1969. His leadership skills and
financial contributions over the years helped the Moore School evolve from a sleepy southern school
in the 1960s to a 21st -century college with an international reputation.
Now The Springs Company, based in Lancaster, S.C., and the TSC Foundation have made a
combined gift of $100,000 to establish the H. William Close Scholarship Fund. The Moore School's
benefactress, Darla Moore, will match the gift to go toward a still-to-be determined naming
opportunity at the proposed new business school building.
The gift from the TSC Foundation, say Springs officials, was recommended by family members
Crandall Close Bowles, Francie Close, Buck Close, Eli Close, Will Close, and Derick Close, who each
contributed $10,000. The other $40,000 comes from The Springs Company, a holding company for
various Springs business interests.
December 2007