James A. Chapman
Encyclopedia
James A. Chapman was a businessman and philanthropist
closely associated with Tulsa, Oklahoma
. Born in Ellis County, Texas
, he moved to Holdenville, Oklahoma
in 1901 and to Tulsa by 1912. He was a co-founder of first Holdenville Oil and Gas Company, then McMan Oil Company, and finally McMan Oil and Gas Company with his uncle and father-in-law Robert M. McFarlin
. The companies participated in the exploitation of the Glenn Pool and Cushing
oil fields of Oklahoma
in the early 20th century. The McMan Oil Company was sold to the Magnolia Petroleum Company
for $39,000,000 in 1916, and the McMan Oil and Gas Company was sold to the Standard Oil (Indiana)
subsidiary Dixie Oil for $20,000,000 in 1930.
Chapman and his family used the resulting fortune to establish philanthropic trusts that fund charities
in Oklahoma
, Texas
, and Arkansas
. Funds are only distributed to the named beneficiaries of the trusts, which include institutions such as the University of Tulsa
, Trinity University
of San Antonio, Texas
, John Brown University
of Siloam Springs, Arkansas
, and the Oklahoma Medical Research Foundation
. According to Internal Revenue Service
Form 990 filings found at GuideStar
http://www.guidestar.org, these trusts have reported well over one billion dollars in assets in recent years.
Philanthropist
A philanthropist is someone who engages in philanthropy; that is, someone who donates his or her time, money, and/or reputation to charitable causes...
closely associated with Tulsa, Oklahoma
Tulsa, Oklahoma
Tulsa is the second-largest city in the state of Oklahoma and 46th-largest city in the United States. With a population of 391,906 as of the 2010 census, it is the principal municipality of the Tulsa Metropolitan Area, a region with 937,478 residents in the MSA and 988,454 in the CSA. Tulsa's...
. Born in Ellis County, Texas
Ellis County, Texas
As of the census of 2000, there were 111,360 people, 37,020 households, and 29,653 families residing in the county. The population density was 118 people per square mile . There were 39,071 housing units at an average density of 42 per square mile...
, he moved to Holdenville, Oklahoma
Holdenville, Oklahoma
Holdenville is a city in Hughes County, Oklahoma, United States. The population was 4,732 at the 2000 census. It is the county seat of Hughes County....
in 1901 and to Tulsa by 1912. He was a co-founder of first Holdenville Oil and Gas Company, then McMan Oil Company, and finally McMan Oil and Gas Company with his uncle and father-in-law Robert M. McFarlin
Robert M. McFarlin
Robert M. McFarlin was an American oilman, cattle rancher, philanthropist, and businessman who is best known for amassing a fortune by drilling for oil near Glenpool, Oklahoma with his nephew and son-in-law, James A. Chapman...
. The companies participated in the exploitation of the Glenn Pool and Cushing
Cushing, Oklahoma
Cushing is a city in Payne County, Oklahoma, United States. The population was 8,371 at the 2000 census.The city was established after the Land Run of 1891 by Billy Rae Little. It was named for Marshall Cushing, private secretary to U.S. Postmaster General John Wanamaker...
oil fields of Oklahoma
Oklahoma
Oklahoma is a state located in the South Central region of the United States of America. With an estimated 3,751,351 residents as of the 2010 census and a land area of 68,667 square miles , Oklahoma is the 28th most populous and 20th-largest state...
in the early 20th century. The McMan Oil Company was sold to the Magnolia Petroleum Company
Magnolia Petroleum Company
The Magnolia Petroleum Company was an early twentieth century petroleum company in Texas and was founded on April 24, 1911 as a consolidation of several earlier companies. Standard Oil of New York exchanged its stock for all of the Magnolia stock in December 1925 though it continued to operate as...
for $39,000,000 in 1916, and the McMan Oil and Gas Company was sold to the Standard Oil (Indiana)
Amoco
Amoco Corporation, originally Standard Oil Company , was a global chemical and oil company, founded in 1889 around a refinery located in Whiting, Indiana, United States....
subsidiary Dixie Oil for $20,000,000 in 1930.
Chapman and his family used the resulting fortune to establish philanthropic trusts that fund charities
Charitable organization
A charitable organization is a type of non-profit organization . It differs from other types of NPOs in that it centers on philanthropic goals A charitable organization is a type of non-profit organization (NPO). It differs from other types of NPOs in that it centers on philanthropic goals A...
in Oklahoma
Oklahoma
Oklahoma is a state located in the South Central region of the United States of America. With an estimated 3,751,351 residents as of the 2010 census and a land area of 68,667 square miles , Oklahoma is the 28th most populous and 20th-largest state...
, Texas
Texas
Texas is the second largest U.S. state by both area and population, and the largest state by area in the contiguous United States.The name, based on the Caddo word "Tejas" meaning "friends" or "allies", was applied by the Spanish to the Caddo themselves and to the region of their settlement in...
, and Arkansas
Arkansas
Arkansas is a state located in the southern region of the United States. Its name is an Algonquian name of the Quapaw Indians. Arkansas shares borders with six states , and its eastern border is largely defined by the Mississippi River...
. Funds are only distributed to the named beneficiaries of the trusts, which include institutions such as the University of Tulsa
University of Tulsa
The University of Tulsa is a private university awarding bachelor's, master's, and doctoral degrees located in Tulsa, Oklahoma, USA. It is currently ranked 75th among doctoral degree granting universities in the nation by US News and World Report and is listed as one of the "Best 366 Colleges" by...
, Trinity University
Trinity University (Texas)
Trinity University is a private, independent, primarily undergraduate, university in San Antonio, Texas. Its campus is located in the Monte Vista Historic District and adjacent to Brackenridge Park....
of San Antonio, Texas
San Antonio, Texas
San Antonio is the seventh-largest city in the United States of America and the second-largest city within the state of Texas, with a population of 1.33 million. Located in the American Southwest and the south–central part of Texas, the city serves as the seat of Bexar County. In 2011,...
, John Brown University
John Brown University
The main campus in Northwest Arkansas has been the site of the university since it was founded in 1919. JBU has 2,183 students as of the 2011-2012 school year, 1,279 of which are traditional undergraduates. Of these, 878 live on campus. The Graduate School has 468 students...
of Siloam Springs, Arkansas
Siloam Springs, Arkansas
Siloam Springs is a city in Benton County, Arkansas, United States. According to 2005 Census Bureau estimates, the population of the city was 13,990...
, and the Oklahoma Medical Research Foundation
Oklahoma Medical Research Foundation
The Oklahoma Medical Research Foundation , located in Oklahoma City, Oklahoma, is an independent, nonprofit biomedical research institute. Established in 1946, OMRF is dedicated to understanding and developing more effective treatments for human disease...
. According to Internal Revenue Service
Internal Revenue Service
The Internal Revenue Service is the revenue service of the United States federal government. The agency is a bureau of the Department of the Treasury, and is under the immediate direction of the Commissioner of Internal Revenue...
Form 990 filings found at GuideStar
GuideStar
GuideStar USA, Inc. is an information service specializing in reporting on U.S. nonprofit companies. In 2010, their database contained over 5 million IRS Forms 990 filings on 1.9 million organizations.....
http://www.guidestar.org, these trusts have reported well over one billion dollars in assets in recent years.