Investing in Mines
An investment in knowledge always pays the best interest.

Wallace Bequest Casts Benefits Across Campus
Stewart R. Wallace (1919-2009), former chief geologist for the Climax Molybdenum Company and one-time president of the Society of Economic Geologists, made a bequest in excess of $1.7 million to the Colorado School of Mines Foundation to be divided between scholarships for geology students, support for the Department of Geology and Geological Engineering  and unrestricted support for the university.

Wallace, a graduate of Dartmouth and the University of Michigan, grew involved with the school during his career. “My father left a significant estate gift to Mines, an institution he never attended, because of the strength of its scientific and educational contribution to American mining,” says his son, William Wallace. “His convictions were formed in large part by half a century of close professional and personal relationships with CSM faculty, graduates and administrators.” Mines knew nothing about the bequest until William notified the foundation shortly after his father died.

In the mid-1950s, Mines President John Vanderwilt, also a longtime consultant to the Climax Molybdenum Company, suggested that Wallace consider applying for the position of resident geologist at the Climax Mine near Leadville. Wallace was working for the U.S.G.S. at the time, and the move defined his career. During the 14 years he was with Climax, Wallace conducted important studies that led to his discovery of the Henderson orebody near Colorado’s Berthoud Pass, for which he was awarded the Daniel C. Jackling Award in 1974. He went on to found Mine Finders, Inc. in 1969, and in 1976 began working as a consultant. Bob Weimer, emeritus professor of geology and geological engineering at Mines, worked with Wallace during his tenure at Climax and afterward. He and fellow Mines emeritus professor John Haun published Wallace’s study on the geology of the Climax molybdenum deposit in their Guide to the Geology of Colorado in 1960. The study laid the groundwork for Wallace’s later discovery of the Henderson orebody. “Stew was unique among geologists in his ability to blend cutting-edge research with its practical, day-today applications for discovering and developing mineral resources,” says Weimer.

Wallace was a Distinguished Member of the Society of Mining Engineers and served as president of the Society of Economic Geologists from 1992 to 1993. In 2001 he was inducted into the National Mining Hall of Fame, which describes his work as having a great impact on the molybdenum mining industry, while guiding and inspiring a whole generation of exploration geologists. In addition to Mines and other beneficiaries, Wallace left a significant portion of his estate to the Society of Economic Geologists. The bequest to the foundation will help the Department of Geology and Geological Engineering provide scholarship support to deserving undergraduate and graduate students, while sponsoring departmental research. The remainder is support for The Mines Fund, which provides flexible funding for high-priority initiatives.


Schlumberger Pledges $1 Million
Schlumberger has pledged $1,000,000 toward construction of Marquez Hall, Mines’ new petroleum building slated to open in the fall of 2012. The company’s contribution brings the fundraising total for the Marquez Hall project to more than $26.5 million. To date, 18 of Mines’ corporate partners have invested in the state-of-the-art facility. Groundbreaking for the new building is slated for Oct. 8, 2010.

Back to top.

Stewart R. Wallace leaves $1.7 million bequest; $1.4 million in bequest distributions from Mahir M. Jalili ’71 estate; Other recent gifts

Colorado School of Mines recently received 19 large gifts:

The Alcoa Foundation contributed $150,000 toward a $370,000 pledge to support a recycling, solid waste and public policy initiative in the Division of Economics and Business.

The Boettcher Foundation established the Boettcher Foundation Endowment for Distinctive Educational Programming with a $110,000 gift.

BP contributed gifts totaling $252,500 to support undergraduate and graduate scholarships, as well as several academic departments.

Chevron contributed $537,500 to support initiatives through their University Partnership Program, as well as scholarships, academic departments, student organizations and diversity programs.

Harry D. Campbell ’42 made a $175,000 payment on his pledge to Marquez Hall and a $50,000 gift in support of the Clear Creek Football Project.

The CMG Foundation contributed $249,982 to support the CMG/CSM Reservoir Modeling Research Chair.

ConocoPhillips contributed $685,000 toward the Marquez Hall building project, the ConocoPhillips SPIRIT Scholars program, the Minority Engineering Program, and several academic departments and programs.

Edward F. Gallegos ’92 contributed $105,000 to establish the Grinder Scholarship Fund, which will provide support for students on the wrestling team.

Vernon A., Jr. ’64 and Kaye Isaacs made gifts and pledge payments totaling $110,000 in support of Marquez Hall and the Clear Creek Football Project.

Bequest distributions from the estate of Mahir M. Jalili ’71 totaling $1,387,051 will support the Marquez Hall building project.

At the recommendation of F. Steven ’56 and Gayle Mooney, the Galena Foundation completed its $1 million commitment with a $500,000 payment in support of scholarships, teaching and research in the Department of Geology & Geological Engineering and the Clear Creek Football Project.

Questar Corporation contributed $133,000 toward its $400,000 pledge to the Marquez Hall building project.

Bequest distributions totaling $171,074 from the estate of Mary Jane Pfeil will support scholarships in memory of her husband, Adolf Pfeil ’27.

A total of $300,000 from the estate of John E. Ross will support the John Eddie Ross Endowed Scholarship Fund.

Southwestern Energy Company contributed $416,667 toward its $1,250,000 pledge to the Marquez Hall building project.

Bequest distributions totaling $872,940 from the estate of John G. Underwood ’53 will support the Marquez Hall building project.

A bequest that will total more than $1.7 million was left by friend of Mines Stewart R. Wallace to support geology students, the Department of Geology and Geological Engineering, and The Mines Fund.

Whiting Petroleum Corporation contributed $100,000 toward the Earth Education Endowment Fund and the Department of Geology and Geological Engineering.

A total of $142,980 in bequest distributions from the estate of Herb ’39 and Dodie Young will provide continuing support for the Herbert L. and Doris S. Young Environmental Symposium lecture series.

Back to top.

Other recent gifts of $25,000 and more from individuals, corporations and foundations:

The Adolph Coors Foundation
contributed $75,000 to support the Adolph Coors Foundation Scholarship Fund.

Aqua-Aerobic Systems, Inc. contributed $45,000 to support the Advanced Water Technology Center (AQWATEC).

Bonanza Creek Energy contributed $25,000 toward its $100,000 pledge to the Marquez Hall building project.

Cameco Corporation contributed gifts totaling $78,662 in support of a graduate student project and geology field camp.

Margaret Campbell and her husband, Edward Johnson, contributed $50,000 to the Clear Creek Football Project.

Marshall C. III ’67 and Jane Crouch contributed $66,000 in gifts and pledge payments in support of Marquez Hall, the Geology Museum, Mines Athletics and the campus Geology Trail.

Devon Energy Corporation contributed $60,000 toward scholarships.

Gifts totaling $25,000 from Stan and Judy Dempsey will support Arthur Lakes Library, the Dempsey Endowed Scholarship Fund, and the Department of Geology and Geological Engineering.

Patrick J. Early ’55 contributed $25,000 to The Mines Fund in honor of his 55th reunion.

The Edna Bailey Sussman Fund contributed $55,428 to the Environmental Internship program.

Hershal C., Jr. ’58 and Trudy Ferguson contributed $26,000 toward the Ferguson Athletic Scholarship Fund.

William W. Fleckenstein ’86, MS ’88, PhD ’00 contributed $50,000 to the Marquez Hall building project in memory of his mother, Dolores.

Tim ’70 and Mary Haddon contributed $25,000 to The Mines Fund in honor of Tim’s 40th reunion.

S. Bruce ’60 and Eleanor Heister made a $25,000 gift to The Mines Fund in honor of Bruce’s 50th reunion.

IHS Inc. contributed $50,000 in support of fellowships in the Environmental Science and Engineering and the Economics and Business divisions.

Howard E. ’76, MS ’77 and Cherine Janzen contributed $25,000 as a challenge grant to encourage young alumni giving.

Donald L. Kammerzell ’71 made a $25,000 contribution to The Mines Fund.

Francis J. ’52 and Mary Labriola contributed $25,000 to The Mines Fund.

Robert E. III ’68 and Ann McKee contributed $31,051 in support of the McKee Family Scholarship Fund and the Clear Creek Football Project.

Charles S. McNeil ’71 contributed $25,000 toward a scholarship and other areas of interest.

Jim ’99 and Louise ’00 Plutt contributed $25,000 to establish the Jacobsen/Plutt Endowed Scholarship Fund in honor of their parents.

Valrie Pool made a $25,000 contribution to the Frank Pool, Jr. Enhancement Fund in Petroleum Engineering in honor of her husband, Frank, a 1970 Mines alumnus.

George III ’75 and Barbara Puls contributed $28,500 toward the Clear Creek Football Project in honor of George’s 35th reunion.

SM Energy Company contributed $25,000 toward its $125,000 pledge to the Marquez Hall building project.

Dean ’75 and Lindsay Stoughton contributed $40,000 toward the Clear Creek Football Project.

Andrew P. ’78 and Sherry Swiger contributed $50,000 to The Mines Fund.

The Viola Vestal Coulter Foundation contributed gifts totaling $60,500 in support of scholarships, fellowships, the Coulter Instructorship in Mineral Economics and the Coulter Health Center.

Fran Vallejo ’87 and Scott Irvine ’87 contributed $25,000 to establish an endowed scholarship at Mines.

George ’65 and Beth Wood contributed $25,264 to the Ted P. Stockmar Scholarship Fund in honor of George’s 45th reunion.

The acknowledgements listed in Mines magazine recognize single gifts of $25,000 or more. Over the course of the fiscal year ending June 30, 2010, the following individuals and organizations gave multiple gifts that totaled $25,000 or more:
Lawrence B. ’49 and Rose Curtis
Luanna Goetz
MGSI Solutions, LLC
Bill and Karen Scoggins
Warren ’62 and Ada Wright