SEG 45 Final_qx4 - Society of Economic Geologists

6 SEG NEWSLETTER No 55 • OCTOBER 2003
FOUNDATION
Foundation Announces Changes in
Student Grants Program
Your SEG Foundation awarded Student
Research Grants totaling $57,430 to 48
students last April, and SEG Canada
Foundation awarded an additional
C$12,500 in grants to seven students.
Recipients are listed in the July
Newsletter. Students receiving grants are
required by U.S. tax regulators to submit
a final report to us upon completion
of their research project. Twenty
students submitted final reports this
year in the form of informative and
publishable abstracts. These have been
posted on the SEG website and can be
accessed by clicking on “Student
Research Grants.” Members are encouraged
to review these results.
The Foundation has received generous
financial support from several
sources, and the SEGF Student Grants
program may be expanded in 2004. In
addition to the generous donation from
Dick and Anne Wyman, additional
gifts have been received from companies
and individual for the newly established
Alberto Terrones L. Fund.
Grants to cover expenses for academic
study and research will be awarded
from this fund to students from Mexico,
Peru, and other Latin American countries
enrolled in North American universities.
Funding now is sufficient to
award at least one grant in April 2004
to a Latin American student studying
economic geology or geologic engineering.
Newmont Mining Corporation has
committed $45,000 over a three-year
period to augment the Student Research
Grants Program. This financial support
is especially timely as it will replace the
BHP Student Research Grant funds that
are now exhausted. In April a total of
$11,700 was awarded as grants to 10
students—a final distribution from the
BHP funds. The Newmont Student
Grants will allow us to maintain and
perhaps increase the level of funding
available for research grants in 2004.
The Hugh E. McKinstry Grants to support
student research with a significant
field component will remain at about
the same level as in 2003. Grants for
research in Arctic regions will be available
from the Hickok-Radford
Memorial Fund. Students planning to
submit applications for any of the
available grants will find information
in this Newsletter and on the SEG website.
Deadline for applications for all
grants is February 1, 2004.
Friends and family of the late
Timothy Nutt, who died tragically while
carrying out field work in Eritrea have
provided generous financial gifts to a
Timothy H.C. Nutt Memorial Fund.
Funds received are sufficient to begin a
program of support in 2004 for SEG programs
and activities in Zimbabwe and
southern Africa. Colleagues of Tim in
Zimbabwe will be working closely with
Laurie Robb, SEG Regional VP for
Africa, to determine the most effective
use for these funds.
Your SEG Foundation president sat in
on the August meeting of the SEG
Investment Committee, and we are
pleased to report that Foundation assets
grew by about $360,000 during the second
quarter of 2003, from about $3.5
million to $3.9 million. Total returns on
our investment portfolio for the quarter
were about 9.5%. These returns fell
short of those experienced by the popular
stock indices, which moved upward,
propelled by robust price increase in
equities that have little or no earnings.
The SEG group does not invest in these
types of volatile stocks.
It is a pleasure to acknowledge the
17 members who are celebrating their
50 th year of membership in the Society.
Each of these members has a record of
distinguished contributions to our profession
and support for the Society of
Economic Geologists. Trustees and officers
of the SEG Foundation join SEG
members in warm congratulations to
these long-time members.
Congratulations also go to the 185
members who received their 25-year
certificates in recognition of their continuing
membership in the Society.
Finally, in this, my penultimate
Newsletter column, I want to express
appreciation to all members who have
so generously contributed
to the
Foundation this
year. Membership
response to our letters
and appeals
has been generous
and we certainly
RICHARD L. NIELSEN
SEG Foundation
President
will exceed our fund-raising goals for
2003.1
SEG Recognizes
Long-Time
Members
The Society and SEG Foundation
congratulate the following long-time
members who recently received
certificates commemorating
50 years of SEG Membership:
Dr. Alberto Benavides Quintana
(SF-52)
Mr. Otis M. Clarke, Jr. (SF-52)
Dr. Donald L. Everhart (SF-52)
Dr. Verne C. Fryklund, Jr. (SF-52)
Dr. John W. Gabelman (SF-53)
Dr. Thomas E. Gillingham (SF-50)
Dr. William C. Gussow (SF-51)
Mr. William P. Johnston (SF-51)
Mr. Thor H. Kiilsgaard (SF-52)
Mr. George E. Kruger (SF-52)
Mr. Louis Moyd (SF-49)
Dr. J. M. Cotelo Neiva (SF-52)
Mr. James J. Norton (SF-52)
Dr. Ernest L. Ohle (SF-50)
Mr. Robert R. Reynolds (SF-52)
Mr. Glenn C. Waterman (SF-52)
Dr. Robert J. Wright (SF-51)
We also extend congratulations to
185 members who recently received
certificates in recognition of 25 years
of Membership. Please see for complete list
of names.1