Rankin M. Smith Sr. (October 29, 1925 – October 26, 1997) was an American businessman and philanthropist. A longtime resident of Atlanta, Georgia, Smith was very active in the Atlanta community. Smith served as president of the Life Insurance Company of Georgia from 1970 to 1976. Smith was also the founding owner of the National Football League's Atlanta Falcons.[1]
Smith was born October 29, 1925 in Atlanta, Georgia. He attended North Fulton High School.[2] Following high school, he spent one year at Emory University, then transferred to the University of Georgia.[2] While at the University of Georgia he was a member of Chi Phi Fraternity.[3] Following graduation he began working as an executive at Life Insurance Company of Georgia. He ascended to the position of president and chairman of the board in 1970. He retired in 1978.[4] Smith was married twice. First, to the former Miriam "MeMe" Wellman (1945-1974) with whom he fathered five children: Rankin, Carroll, Dorothy Ann, Taylor and Karen. These five were the genesis behind the corporate name of the Atlanta Falcons Football Club, The Five Smiths, Inc. In 1976, he married Charlotte Topping, the widow of former New York Yankees owner Dan Topping. He died on October 26, 1997, from complications resulting from heart failure.[2]
In 1965, the unexpectedly successful American Football League wanted to expand to Atlanta. Smith, then an executive vice president at the Life Insurance Company of Georgia, was awarded an AFL franchise, but reneged on his agreement when the older National Football League offered him a franchise. He paid $8.5 million on June 30, 1965 for an NFL team based in Atlanta.[1] Smith secured exclusive rights to Atlanta–Fulton County Stadium, where the Falcons began play in 1966 and played there for 26 seasons.[1] Smith was instrumental in the construction of the Falcons' next stadium, the Georgia Dome, threatening to move the Falcons elsewhere if a new stadium was not built.[1] When Smith backed out from the AFL agreement, the AFL franchise was then awarded to Miami, which would start play as the Dolphins in 1966.
Smith continued to manage day-to-day operations of the team until 1990, when he turned control of the team over to his son Taylor Smith. The team was sold to Arthur M. Blank in 2002 for $545 million.[5]
Smith was extremely generous and made significant donations to causes in and around Atlanta, a tradition his estate continued after his death. He was a major contributor to the Fernbank Museum of Natural History. In addition to making individual contributions, he led a fundraising drive which raised $43 million[1] for the museum.[1] The Museum's IMAX theater is named for Smith.[6]
In 1985 Smith founded the Atlanta Falcons Youth Foundation.[7] It provides grants to non-profit organizations across Georgia, focusing on programs which benefit children.
Following his death, three of Smith's children (Rankin Smith Jr., Dorothy Smith Knox, and Taylor Smith) donated $3.5 million to the University of Georgia Athletic Association in his memory. The donation was a major component of the University's “Investing in Champions” initiative. In recognition of the donation the university named the major building built under the program, a student-athlete academic center, after Smith.[8]
References
^ abcdef"Falcons owner Rankin Smith dies". Football @ Augusta. Augusta Chronicle Online. October 27, 1997. Archived from the original on January 17, 2013. Retrieved August 15, 2008.
^ abc"Rankin Smith, 72, the Owner Of the Falcons". The New York Times. October 27, 1997. Retrieved August 15, 2008.
^. Chi Phi Fraternity. 2007. Archived from the original on February 5, 2008. Retrieved August 15, 2008.
^Bowden, Yvette (December 10, 2005). "Life Insurance Company of Georgia". New Georgia Encyclopedia. Georgia Humanities Council and the University of Georgia Press. Retrieved August 15, 2008.
^Lowry, Tom (January 27, 2003). . Business Week. Archived from the original on July 24, 2008. Retrieved August 15, 2008.
^. Fernbank Museum of Natural History. Archived from the original on August 15, 2008. Retrieved August 15, 2008.
^"Falcons' Dan Reeves Named 'Staples NFL Coach of the Year'; On-Line Balloting Levels by Fans Reach All-Time High; Atlanta Falcons Youth Foundation to Receive $25,000 Donation". Business Wire. January 26, 1999. Retrieved August 15, 2008.
^"Rankin M. Smith Academic Center". uga.edu. January 27, 2003. Retrieved February 2, 2017.
Further reading
James Quick and Rodney D. Fort, Paydirt: The Business of Professional Team Sports (Princeton University Press, 1992), ISBN0-691-04255-1, p. 409.
March 04, 2023
rankin, smith, october, 1925, october, 1997, american, businessman, philanthropist, longtime, resident, atlanta, georgia, smith, very, active, atlanta, community, smith, served, president, life, insurance, company, georgia, from, 1970, 1976, smith, also, found. Rankin M Smith Sr October 29 1925 October 26 1997 was an American businessman and philanthropist A longtime resident of Atlanta Georgia Smith was very active in the Atlanta community Smith served as president of the Life Insurance Company of Georgia from 1970 to 1976 Smith was also the founding owner of the National Football League s Atlanta Falcons 1 Rankin M Smith Sr Born 1925 10 29 October 29 1925Atlanta GeorgiaDiedOctober 26 1997 1997 10 26 aged 71 Atlanta GeorgiaEducationUniversity of GeorgiaOccupationsAtlanta Falcons ownerphilanthropist Contents 1 Personal life 2 Purchase of the Atlanta Falcons 3 Philanthropy 4 References 5 Further readingPersonal life EditSmith was born October 29 1925 in Atlanta Georgia He attended North Fulton High School 2 Following high school he spent one year at Emory University then transferred to the University of Georgia 2 While at the University of Georgia he was a member of Chi Phi Fraternity 3 Following graduation he began working as an executive at Life Insurance Company of Georgia He ascended to the position of president and chairman of the board in 1970 He retired in 1978 4 Smith was married twice First to the former Miriam MeMe Wellman 1945 1974 with whom he fathered five children Rankin Carroll Dorothy Ann Taylor and Karen These five were the genesis behind the corporate name of the Atlanta Falcons Football Club The Five Smiths Inc In 1976 he married Charlotte Topping the widow of former New York Yankees owner Dan Topping He died on October 26 1997 from complications resulting from heart failure 2 Purchase of the Atlanta Falcons EditMain article History of the Atlanta Falcons In 1965 the unexpectedly successful American Football League wanted to expand to Atlanta Smith then an executive vice president at the Life Insurance Company of Georgia was awarded an AFL franchise but reneged on his agreement when the older National Football League offered him a franchise He paid 8 5 million on June 30 1965 for an NFL team based in Atlanta 1 Smith secured exclusive rights to Atlanta Fulton County Stadium where the Falcons began play in 1966 and played there for 26 seasons 1 Smith was instrumental in the construction of the Falcons next stadium the Georgia Dome threatening to move the Falcons elsewhere if a new stadium was not built 1 When Smith backed out from the AFL agreement the AFL franchise was then awarded to Miami which would start play as the Dolphins in 1966 Smith continued to manage day to day operations of the team until 1990 when he turned control of the team over to his son Taylor Smith The team was sold to Arthur M Blank in 2002 for 545 million 5 On Interstate 985 in the northern suburbs of Atlanta Exit 12 for Spout Springs Road leads to the Atlanta Falcons training complex in Flowery Branch and is named in Smith s honor Philanthropy EditSmith was extremely generous and made significant donations to causes in and around Atlanta a tradition his estate continued after his death He was a major contributor to the Fernbank Museum of Natural History In addition to making individual contributions he led a fundraising drive which raised 43 million 1 for the museum 1 The Museum s IMAX theater is named for Smith 6 In 1985 Smith founded the Atlanta Falcons Youth Foundation 7 It provides grants to non profit organizations across Georgia focusing on programs which benefit children Following his death three of Smith s children Rankin Smith Jr Dorothy Smith Knox and Taylor Smith donated 3 5 million to the University of Georgia Athletic Association in his memory The donation was a major component of the University s Investing in Champions initiative In recognition of the donation the university named the major building built under the program a student athlete academic center after Smith 8 References Edit a b c d e f Falcons owner Rankin Smith dies Football Augusta Augusta Chronicle Online October 27 1997 Archived from the original on January 17 2013 Retrieved August 15 2008 a b c Rankin Smith 72 the Owner Of the Falcons The New York Times October 27 1997 Retrieved August 15 2008 Welcome to Chi Phi at Auburn University The Mu Delta Chapter Chi Phi Fraternity 2007 Archived from the original on February 5 2008 Retrieved August 15 2008 Bowden Yvette December 10 2005 Life Insurance Company of Georgia New Georgia Encyclopedia Georgia Humanities Council and the University of Georgia Press Retrieved August 15 2008 Lowry Tom January 27 2003 The NFL Machine Business Week Archived from the original on July 24 2008 Retrieved August 15 2008 Now Showing Fernbank Museum of Natural History Archived from the original on August 15 2008 Retrieved August 15 2008 Falcons Dan Reeves Named Staples NFL Coach of the Year On Line Balloting Levels by Fans Reach All Time High Atlanta Falcons Youth Foundation to Receive 25 000 Donation Business Wire January 26 1999 Retrieved August 15 2008 Rankin M Smith Academic Center uga edu January 27 2003 Retrieved February 2 2017 Further reading EditJames Quick and Rodney D Fort Paydirt The Business of Professional Team Sports Princeton University Press 1992 ISBN 0 691 04255 1 p 409 Retrieved from https en wikipedia org w index php title Rankin M Smith Sr amp oldid 1115330869, wikipedia, wiki, book, books, library,
