The AAPG Foundation was formed in 1966-67 during Michel T. Halbouty’s presidency of the AAPG. One of the precepts leading to the formation of the Foundation was that individuals, companies, and organizations which benefited financially from the application of the science and profession of geology should have a means of contributing financial support for AAPG’s scientific objectives in research, publications, education, and in strengthening the profession of geology.
The Trustees established a financial goal of $10,000,000 for the Foundation with disbursements limited to only the dividends and interest derived from the principal. In 1969, contributions were $14,000 and the fund balance was $144,000. Prior to 1973 annual contributions averaged less than $150,000. This was considered inadequate and a Foundation Development Coordinator was retained with funds contributed by Dean McGee (Chairman of the Trustees) to increase the pace of contributions. The annual average of contributions increased to $250,000, but was still considered inadequate.
An analysis of the contributors indicated 900 individuals, 107 corporate, 25 affiliated societies and sections, and 17 miscellaneous. The Trustees were encouraged by the large number of individual contributors. It indicated a large group of members with an intense interest in AAPG affairs and the desire to help in some way.
What could be done to offer encouragement to this group to become active in Foundation affairs?
Dean McGee suggested creating an organization patterned after one at Cal Tech of which he was a member. The members would meet annually, provide input into Foundation affairs, sponsor projects and enjoy social activities. Merrill Haas proposed the name “Trustee Associates”. The concept of “Trustee Associates” was presented at a Foundation Development Dinner at the Plimsoll Club in New Orleans on May 22, 1976.
The Trustee Associate program was designed to raise money to permit the Foundation to pursue its goals and objectives, to provide a form of recognition for those individuals who wish to provide substantial financial support, and to form an advisory body to give advice and counsel to the members of the Board of Trustees. An annual meeting of all Trustees would be held, at which new Trustee Associates would be recognized.
All of this came to pass!
The Trustees of the Foundation under Chairman Jim Wilson passed a resolution authorizing the Trustee Associates to become a formal organization. John Taylor was elected Chairman, Herb Davis, Vice Chairman, and August Goldstein, Secretary-Treasurer. A bylaws committee was appointed with August Goldstein as Chairman, assisted by George Gibson, Herb Davis and Cecil Hagen.
The first meeting of the Trustee Associates was held on May 20, 1978, at Shangri-La, Oklahoma, following the dedication of the Weeks Energy Resources Tower in Tulsa. Thirty-one Trustee Associates attended. Total membership then was 67 and the required contribution was $2,500. Harrison Schmitt, the astronaut, attended as a guest and gave a dinner talk.
Much credit should be given to the geologists in the Midland, Texas area who, under the leadership of Bruno Hanson and Hugh Looney, conducted a membership drive. They comprised a core group that provided important support to the organization during the formative years.
Merrill W. Haas
WHEREAS, we, the Trustees of The American Association of Petroleum Geologists Foundation, have accepted as Trustee Associates those members of AAPG who have distinguished themselves in contributions to the science of geology and its application to exploration for petroleum or energy minerals, who observe the highest standards of ethics and integrity as set forth in the Code of Ethics of the Association, and who have evidenced their support for the goals and objectives of the Foundation through substantial financial support; and
WHEREAS, the number of those persons who have so contributed and/or pledged so generously now number more than 70; and
WHEREAS, many of the Trustee Associates desire to organize together for the purpose of supporting the Foundation, particularly in identifying potential contributors, and the Foundation recognizes the potential value of the support of such an organization;
THEREFORE BE IT RESOLVED, that the Trustees of The American Association of Petroleum Geologists Foundation, pursuant to the powers vested in them by the Declaration of Trust by which the Foundation is organized, do hereby declare the formation of an organization to be known as Trustee Associates of the AAPG Foundation, the membership of which shall be composed of Trustee Associates of The American Association of Petroleum Geologists Foundation and the Trustees of The American Association of Petroleum Geologists Foundation and further declare that such organization shall function under the direction, control and auspices of the Trustees of The American Association of Petroleum Geologists Foundation.
James E. Wilson, Chairman of Trustees
Merrill W. Haas, Trustee
Kenneth H. Crandall, Trustee
DATE: October 12, 1978
WHEREAS, the organization known as the Trustee Associates of the AAPG Foundation was affiliated with the American Association of Petroleum Geologists Foundation when the Foundation was organized as a trust; and
WHEREAS, this corporation, the American Association of Petroleum Geologists Foundation, an Oklahoma corporation, has assumed the assets and functions of the trust and this corporation is now the Foundation; and
WHEREAS, the Trustee Associates of the AAPG Foundation, membership in which now numbers more than 170, has provided extraordinary support for the Foundation and the Foundation as a corporation wishes to officially recognize, acknowledge, and ratify the affiliation of the Trustee Associates of the AAPG Foundation with the Foundation and provide for its continuing function under the direction, control, and auspices of the Foundation;
NOW, THEREFORE, BE IT RESOLVED, that the affiliation with the Foundation of the Trustee Associates of the AAPG Foundation is in all respects recognized, acknowledged, and ratified by the Foundation and the Foundation declares that the Trustee Associates of the AAPG Foundation shall continue to function under the direction, control, and auspices of the American Association of Petroleum Geologists Foundation, an Oklahoma corporation.
James E. Wilson, Chairman of Trustees
Merrill W. Haas, Vice-Chairman
J ohn J. Amoruso, Secretary
Herbert G. Davis, Treasurer
Ted L. Bear, Trustee
Hugh M. Looney, Trustee
DATE: May 20, 1988