SPE Foundation Finances SPE Programs, Announces New Fund Honoring Dan Adamson

For more than 35 years, the SPE Foundation has played an important role in providing support for SPE programs and services for members. SPE Foundation trustees, who are all past presidents of SPE, are dedicated to the principles of ­OneSPE, and are particularly keen to fund activities that ­benefit SPE members worldwide. 

Foundation support to SPE in 2016 includes the following:

  • Scholarships: the Archie, van Wingen, and Imomoh scholarships (USD 54,000 total)
  • SPE webinars and physical Distinguished Lecturer Program support (USD 675,000)
  • Adamson Fund: leadership gift to establish (USD 100,000)

The Foundation’s intent is to provide a similar amount of money in the first two categories in 2017, and to make USD 5,000 available for distinctive leadership training from the Adamson Fund.

The Adamson Fund is a new initiative, established to recognize the man who led SPE as executive director from 1979 to 2001. Proceeds from this fund will be used to provide leadership training for SPE staff to further develop their specialist job skills and/or prepare them for advanced management positions, thereby enhancing their ability to provide support for SPE programs. In addition to the USD 100,000 grant to establish the fund, the Foundation has created a matching fund pool to provide a 1:1 match for the first USD 50,000 of additional contributions received. Members wishing to honor Adamson with a gift may direct contributions of any size to this fund for the 2016 and 2017 calendar years. More than USD 16,000 has been raised to date from individual donors beyond the grant earmarked by the Foundation.

In addition, through the Moving Forward Giving Back ­initiative, the Foundation provides a way for individual ­members to support vital programs that serve current and future generations of petroleum professionals. For more information on supporting the Foundation, contact Jane Boyce at 1.972.952.9312 or email Jane.

While the primary purpose of the SPE Foundation is to financially support the mission of SPE itself, other purposes served are 1) to be a source of information, counsel, and advice to the current leadership of SPE, and 2) to provide a structure to allow former SPE presidents to continue to serve the Society.


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