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Leta McFarlin Chapman Memorial Trust
The Leta McFarlin Chapman Memorial Trust was established in 1974 to provide ongoing financial support to educational and medical institutions in Oklahoma.
Leta McFarlin Chapman Memorial Trust
The Leta McFarlin Chapman Memorial Trust was established in 1974 to provide ongoing financial support to educational and medical institutions in Oklahoma. Leta McFarlin Chapman created the vehicle as a charitable trust. Primary beneficiaries include the University of Tulsa and the Oklahoma Medical Research Foundation. The trust deploys capital across mineral rights, hedge fund strategies, and public equities. Confirmed holdings include producing and non-producing mineral interests in Texas and New Mexico plus Marshall County, Oklahoma. Additional positions consist of equity long/short and multistrategy hedge fund commitments along with shares in BOK Financial Corporation and Franklin Street Properties Corp. All activity remains within the United States. Assets total $296 million. The trust maintains no additional offices and lists no professional headcount. Service providers include Bank of Oklahoma as corporate trustee and Frederic Dorwart Lawyers for legal counsel. No operational events occurred in the last 24 months. The structure operates as a perpetual charitable trust with fixed beneficiary relationships rather than a discretionary family office. Governance centers on named trustees and institutional custodians that separate investment management from distribution mandates.
General information
Firm type
Endowment / Foundation
Year founded
1974
Location
Region
North America
Country
United States
City
Tulsa
Corporate office
PO BOX 1620, Tulsa, OK, United States
Principals
Frederic Dorwart
Individual Trustee
Sector focus
Frequently asked questions
Who runs investment decisions at Leta McFarlin Chapman Memorial Trust?
Frederic Dorwart acts as individual trustee alongside Bank of Oklahoma as corporate trustee. Bank of America / U.S. Trust serves as investment manager and custodian.
What asset classes does the trust hold?
Holdings include direct mineral interests in Texas, New Mexico, and Oklahoma, equity long/short and multistrategy hedge funds, and public equity positions in BOK Financial and Franklin Street Properties.
Is the trust structured as a single family office?
No. It functions as a perpetual charitable trust established in 1974 with fixed beneficiary obligations to the University of Tulsa and Oklahoma Medical Research Foundation.
Where does the underlying wealth come from?
The trust traces to oil interests accumulated by Robert M. McFarlin and passed through Leta McFarlin Chapman and her husband James A. Chapman.
Does the trust participate in fund commitments or direct deals?
It holds both direct mineral rights and limited partner interests in private equity and hedge funds.
Which institutions receive distributions?
The University of Tulsa and Oklahoma Medical Research Foundation are named primary beneficiaries. St. John Medical Center has also received support.
How is governance separated from investment management?
Individual trustee Frederic Dorwart and corporate trustee Bank of Oklahoma oversee operations while Bank of America / U.S. Trust handles investment custody and execution.
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