The Forum for Corporate Responsibility (2003), financing inner-city and minority-owned businesses, encouraging light and high-speed rail, and supporting civil rights and gay rights. The headquarters of the Kenan-Flagler Business School at UNC-Chapel Hill was named the McColl Building upon its completion in 1997 in recognition of McColl's efforts on behalf of his alma mater. McColl has mentored students of the McColl Business School at Queens University of Charlotte where he served on the Board of Trustees for 19 years (1991–2005). McColl gave the initial for Charlotte's Teaching Fellows Institute, and McColl's daughter, Jane McColl Lockwood, is president of Charlotte-based McColl Foundation. Many of McColl's philanthropic contributions have focused on his family. He endowed the Charlotte Children's Theatre which includes the McColl family Theater, funded the McColl Center for Visual Art (a Charlotte-based organization that promotes the visual arts in the Southeast), endowed an English professorship at the Norfolk Academy, Norfolk, Virginia in honor of first cousin Edith Pratt Breeden (Patty) Masterson (1922–1997, attorney, teacher), and endowed a professorship at the University of North Carolina at Chapel Hill School of Information and Library Science in honor of his mother Frances Pratt Carroll McColl and sister Frances Carroll McColl Covington (1932–1990). In 1995 Bank of America bought a burned out church on North Tryon Street with the express purpose of converting it into an artist's residency. With McColl's support, and working with FMK Architects and Charlotte's Arts & Science Council, the structure was completely refurbished and eventually became the McColl Center for Art + Innovation. In 1991, McColl purchased, restored, and relocated one of his great-grandfather Duncan Donald McColl's homes in Bennettsville, South Carolina and then donated it to Marlboro County. It became a new home for the Marlboro County Chamber of Commerce and The South Carolina Cotton Trail. In 1998 and 2004, Jane Spratt McColl, with Hugh McColl, donated on the Catawba River in York County, South Carolina near Rock Hill, South Carolina for an environmental museum, possibly to be named the Museum of Life and the Environment, with building design by architect William McDonough. Rick Hendrick pardon Rick Hendrick had started The Hendrick Automotive Group in 1976 as a single Chevrolet dealership in Bennettsville, South Carolina (McColl's home town), and sat on the Board of Directors during McColl's tenure as chairman of NationsBank, which in turn became Bank of America with McColl as chairman and CEO. Hendrick later pleaded guilty