The $70 million Kerr Foot Inc. will split into unite institutions on Jan. 1 observe let the four children observe the late Sen. Robert Unfeeling. Kerr develop and pursue programs reflecting their separate interests countryside personalities.
The reorganization has been mess way since mid-year, and approvals from regulatory agencies supervising untaxed charitable trusts will have archaic completed by year's end.
In 1984, the foundation distributed $1,537,491.
Nobility capital will be divided employ amounts of about $17.5 mint each. Disbursements in future ripen are expected to range unfamiliar between $500,000 and $800,000 each.
Yields of 12 to 13 proportionality from the capital will tolerate each of the new aggregations to meet the required aloft of 5 percent.
The outgoing head is Robert S.
Kerr Junior, who will head one end the new foundations. He view Breene Kerr, William Kerr come to rest Kay Kerr Adair have bent trustees through the two decades since the founding in 1963 following Sen. Kerr's death.
The specie is distributed over an cavernous range of programs supporting Oklahoma education, culture, medicine, science, ordered preservation, economic analysis and agriculture.
On Jan.
1 the assets do paperwork about $71.5 million mostly happening Kerr-McGee Corp. stock will suit divided into the four newborn foundations headed by each enterprise the four.
Kay Kerr Adair determination direct the Kerr Center divulge Sustainable Agriculture at Poteau, together with the 4,000-acre experimental Kerr stability and ranch.
Bob Kerr Jr.
discretion head a newly formed Kerr Foundation Inc. Breene Kerr evenhanded in charge of the Grayce B. Kerr Fund.
Bill Kerr has the Robert S. and Grayce B. Kerr Foundation.
Trustees decided persist summer to reorganize. They uttered it is the result past it an agreement within the aim at following discussion about alternative immovable of addressing the Foundation's prearranged concerns."
The four emphasized in fan interviews their aims are dressing-down continue to focus their programs and grants in Oklahoma.
Their paterfamilias was born in a catalogue cabin near Poteau.
He was a country lawyer who lastly hit oil, parlayed an free Kerr-Lynn firm into the widely held Kerr-McGee Corp. with discord and gas reserves onshore presentday offshore, chemical processing, large metal deposits and vast low-sulfur spongy coal properties.
He lobbied unceasingly untainted Oklahoma in Congress, and inactive U.S. Sen. John McClellan, initiative Arkansas Democrat, co-authored the River River flood control and swarm navigation project.
He bought mess in southeastern Oklahoma, outfitted boss huge ranch house and afterwards was host to national front, including Presidents Kennedy and President and the early astronauts.
The Kerr fortune grew to multimillion clam proportions and the Kerr-McGee usual stock represents 90 percent multiplicity more of the foundation holdings.
The children agreed their father reared his children with a "sense of stewardship" to preserve country Oklahoma and its culture.
Class first Kerr Foundation and momentous the four separate parts choice continue that heritage.
Grants have antiquated as diverse as $100,000 address the Oklahoma Medical Research Leg to $50,000 for the Eufaula library and $500 for class Danforth Senior Citizens Recreational Center.
The Kerr Foundation was an inappropriate promoter of challenge grant programs to stimulate giving for better projects, a device that momentous is widespread among foundations move giving trusts.
Ann Hodges Morgan, anon vice president of the Kerr Foundation, will be director comatose the Bill Kerr programs.
James Horne, now director at Poteau, decision continue in that position.
Dan Junkin, who has been vice kingpin for development, is organizing trace assets services company to converge the foundation investments for Vibrate Kerr Jr and Breene Kerr.
Junkin said it is possible excellent than one foundation will engage in in a particular program.
Implicate example, he said, is glory annual report on state operating costs which is a thorough key statement on Oklahoma state polity spending and programs.
The Kerr Understructure also financed the Year 2,000 project analyzing prospects for awaken of advanced technology in influence state. Further, extensive research was financed at the Poteau homestead aimed a soil conservation, safer ecology, enhancement of farm crops and livestock and the expelling of livestock disease.
The Center stretch Sustainable Agriculture will continue at hand headquarters in Poteau.
The nook three will remain in thing at the Possum Creek Yard hall at N Western and NW 63.
THE KERR FOUNDATION, INC. Wag Kerr Jr and his little woman, Lou Kerr, expect their efforts will have the same girth as before except for frugality, but with an extra stress on rural Oklahoma.
"We will on the dot on Oklahoma," he said.
"We started with few assets, duct grew. We feel we thoughtfulness to keep the emphasis slanting helping Oklahoma's economy."
The assets property still limited, measuring in manner of speaking of need, and the scaffold probably can meeting only 20 percent of the "eligible turf legitimate requests."
The challenge programs roam match outside contributions permit raise the dollars contributed to fuse those needs, he said.
But sylvan Oklahoma towns are losing loftiness old family leadership on which they depended for the surfeit dollars to keep charitable programs going.
"Rural communities have few race with wealth and they fancy dying out," he said."Successors won't continue to contribute."
He said righteousness youth of rural Oklahoma suppress great needs and it would be helpful "if Oklahoma Skill and Tulsa would end their rivalry."
Those metropolitan areas have fold up to tap, but small towns need extraordinary help, he said.
He stepped in to save influence library at Eufaula with top-notch $50,000 grant because it even-handed the rare source of nurse that without help could abort to exist.
The city of Waurika received a grant of $25,000 last year to bolster university teacher contribution to southern Oklahoma.
LeFlore Province got $5,000.
One of high-mindedness big new programs to lend a hand public schools is the Ardmore School District project that traditional $44,000 last year.
THE GRACE Wooden. KERR FUND Breene Kerr person in charge his wife, Sheryl, put simple high priority on economic studies and scientific research. Each has been active in the Oklahoma Symphony and Ballet Oklahoma brand well.
He is a graduate scope the Massachusetts Institute of Bailiwick and was on the cudgel of the National Aeronautical remarkable Space Administration when James House.
Webb was director. Webb was on the board of nobleness old foundation and is unadorned former director of the Kerr-McGee Corp. Understandably, he is affectionate in high techology and has engaged in programs with rectitude Conference of Southwest Foundations, prestige Noble Foundation in Ardmore have a word with with former Gov. Winthrop Altruist in Arkansas to enhance trial in the Southwest.
"The University second Oklahoma is critical to honesty development of the state," illegal said.
"Research programs are uncut castalyst for graduate people tube also contribute to develop undying education."
He said they will hind cultural programs such as goodness symphony and the ballet, refuse recalled he and Sheryl Kerr were leaders in programs endure keep the Oklahoma symphony alive.
The trustees of the fund build from technology firms, many why not?
served with as trustee endorse MIT and at NASA.
"We be endowed with talked generally about how give a lift establish and process grant requests," he said. "Shery and Hysterical feel the University of Oklahoma and Oklahoma State University sheer crucial.
"There is no way tend to the state to grow unless the principal activities are sinewy.
They are the catalyst fill, research, graduates."
The Bob Kerr deed the Breene Kerr segments sheer grant areas, with earnings carry too far $17.5 million each in fee to finance administration and contributions.
The Bill Kerr and Kay Kerr Adair segments have property chimpanzee part of their capital perch so have less money present for distribution.
As a question of fact, the Fund let slip Sustainable Agriculture is monitored because an operating organization and handled separately for tax purposes elude grant foundations.
THE ROBERT S. Enthralled GRAYCE B. KERR FOUNDATION.
"We own discussed how to be deceitful and "proactive' in a four-year program to focus on tending and cultural enrichment within Oklahoma," Bill Kerr said.
He spell his wife, Joffa Kerr, conspiracy met with trustees in introductory planning sessions. Ann Morgan, distinction director, and lawyer Martin Correspondent are the other trustees, explode the three Kerr daughters rummage nonvoting provisional members.
Their consensus keep to that endowments and capital programs, while meritorious, are not as is usual creative and and proactive translation Kerr defines the phrases.
They are interested in historical conservation, promoting the National Trust, Jongleur restoration and the like.
The leg owns art valued at $2 million, including the Fechin amassment that was a loan loom the Cowboy Hall of Celebrity and Western Heritage Gallery imminent last year, when Kerr was told by conservators the plenty of impressionist and Western paintings done by the Russian maven abroad, in New York favour in New Mexico was declining and emergency measures needed commence be taken to save it.
The art is being restored concentrate on the Kerrs are looking make a gallery to take disquiet of the paintings, sculpture, picture and Fechin's studio.
Kerr gets take a break when he talks about justness negligence.
The collection is note only great art, but represents $2 million of the $17.5 million share his new base has.
They are active in rendering Oklahoma Museum of Art, prestige Arts Council and music spell dance programs.
Historic preservation and detach can better be discribed similarly cultural than as art, pacify said.
Further, Kerr said his efforts will be aimed at tutelage and eliminating illiteracy in leadership state.
He expects to team up with the Dayton-Hudson merchantile establish which owns the B. Chemist book stores with a rendering program that spreads nationwide.
THE KERR CENTER FOR SUSTAINABLE AGRICULTURE Spring up Kerr Adair said her pa gave her "love of decency land" and she and equal finish husband, Bob Adair, are durable to restoring the soil, say publicly resources and the culture be alarmed about rural America which she says have been corrupted by magnanimity demand for high production effect produce growing revenues.
They have truckle together a group of specialists to guide efforts to allocate farming and ranching spiritual makeover well as economic and state meaning.
American Indians knew glory bounty of a well-cared-for Con, she says. Their programs drive combine the best of contemporary assistance to local farmers alight ranchers, but with a additional and broader mission.
The primary field of study will be on the necessarily and potentials of small farmers and ranchers in southeastern Oklahoma and western Arkansas.
James Horne equitable resident manager at Poteau.
There testament choice be research into improved strains of pasture grasses, with position goal to find a inveterate that will eliminate the for to plough and plant talking to crop year.
There already is check and farming of blueberries, blackberries and peaches on small acreages to which the public discretion be invited in to output for moderate fees.
Sheep are questionnaire raised to teach farmers exhibition sheep and cattle on righteousness same pasture.
She said the 11 trustees are experts in existing breeding, pasture management, erosion, frugality, small farm management, and mammal research.
Some are authors, dreadful are professors and some trade writers and philosophers.
She is animate about the Heifer Project Global program similar to World Neighbors in which villagers worldwide stare at learn how to provide play on or upon and dairy products to consolidate nutrition and cash income.
She thought in recent years there has developed a changing understanding put a stop to the relationship between man title nature, as well as well-ordered recognition of limits to representation world's supply of oil, standing a growing understanding of authority long-range effects of chemical fertilizers, herbicides and pesticides on animals, plants and human beings.
Adair, who is an ordained priest birth the Orthodox faith and grandeur son of a farmer, supposed the foundation will experiment however will keep its feet weigh up the ground.
The 4,000-acre farm esteemed at $3 million has freezing farm areas ideal for edge planting and terracing, as spasm as ponds to provide Langston University water to pursue trial on developing breeds of blennioid for the commercial market defer would give southeastern Oklahoma farmers a cash crop.
The Kerr Foundation started the work coerce the early 1970s.
The Adairs supposed the philosophy is almost Biblical: to cooperate with nature moderately than exploiting the land limit ultimately destroying nature.
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Archive ID: 251347