Graduate student research in economic geology is supported by three endowments providing critical support to our activities.

Charles Franklin Fogarty Endowment in Economic Geology:

Dr. Fogarty (1921-1981) received a degree in Mining Engineering at the Colorado School of Mines in 1942. In 1952, he completed his Doctor of Science Degree in Geology from the same institution. He began his career in Columbia, South America in 1946. He joined Texasgulf, Inc. in 1952 as a geologist. He held a variety of managerial and executive positions at Texasgulf until 1973, when he became Chairman of the Board. For a number of years, he was on the Boards of Trustees of the College of Santa Fe and the Colorado School of Mines and was a director of numerous mineral resource companies. Texasgulf greatly expanded its operations under Fogarty’s guidance, becoming a major producer of chemical and fertilizer raw materials, oil and natural gas, ferrous and nonferrous metals, and coal. Two of his last major projects were the Kidd Creek mine at Timmins, Ontario, and the Aurora phosphate mine in North Carolina.

The Charles Franklin Fogarty Endowment in Economic Geology, which was established in 1982 through a substantial endowment from Texas Gulf Sulfur Company, and relatives and associates of the late Charles Fogarty, is a central part of the CMRS’s activities. The endowment supports a chair in economic geology and contributes to numerous other aspects of student support including research and field studies.


Stewart R. Wallace Endowment in Economic Geology:

The endowment was created by Stewart R. Wallace (1919-2009), former chief geologist for the Climax Molybdenum Company and one-time president of the Society of Economic Geologists. The endowment provides graduate fellowships to students in economic geology.

Stewart Wallace served as resident geologist at the Climax Mine near Leadville, Colorado. He spent 14 years with the company, founded Mine Finders, Inc. in 1969, and in 1976 began the final phase of his career as a consultant. He and 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 near Colorado’s Berthoud Pass.

Wallace was a Distinguished Member of the Society of Mining Engineers and served as President of the Society of Economic Geologists in 1992-93. In 1974, he was the recipient of the Daniel C. Jackling award for his discovery of the Henderson orebody. In 2001 he was inducted into the National Mining Hall of Fame.


Barrick Gold Endowment in Economic Geology:

The endowment was established in 1993 through a generous gift from Homestake Mining Corporation, which was acquired by Barrick Gold in 2001. The fund provides financial aid to undergraduate and graduate students who have an expresses interest in the gold industry.