UNDUE INFLUENCE

Pew
Charitable Trusts

Undue Influence by Ron Arnold

Pew Charitable Trusts
1 Commerce Sq.
2005 Market St., Ste. 1700
Philadelphia ,   PA   19103-7077
Phone: (215) 575-9050
Fax: 215.575.4939
email info@pewtrusts.com
Website: http://www.pewtrusts.com/index.cfm?image=img1

Description: All based on the Sun Oil Company fortune of Joseph Newton Pew, the seven trusts that comprise the Pew Charitable Trusts were each established at separate times:

  • Pew Memorial Trust (1948)
  • J. N. Pew, Jr. Charitable Trust (1956)
  • J. Howard Pew Freedom Trust (1957)
  • Mabel Pew Myrin Trust (1957)
  • Medical Trust (1979)
  • Knollbrook Trust (1965) and
  • Mary Anderson Trust (1957).

The trusts have their own private bank, the Glenmede Trust Company. The financial data presented represents the combined trusts.

For 2001:
Assets Amount:
$4,800,776,253
Expenditures: $212,401,819
Qualifying Distribution: $243,841,247
Total Giving: $187,853,822
Grants Amount: $187,486,697
Loan Amount: $34,000,000  Number of Loans: 4
Matching Gifts Amount: $367,125  NO. OF MATCHING GIFTS: 449


EIN: 23-6234669 (Pew Memorial Trust, the largest of the seven)

Funds attack group in the anti-Exxon Mobil campaign:

Pew investments in energy firms other than Exxon Mobil:

J. N. Pew Jr. Trust:

INVESTMENT SHARES AMOUNT

 Chevron Corp

40,800 $3,371,371

 USK Marathon Group (New Com)

82,100 $2,473,263

 Atlantic Richfield 

27,700 $2,059,420

 Mobil Corp    

27,291  $1,897,471

 Mitchell Energy & Development Corp "B"

   1,400        $37,539

 Vintage Petroleum Inc 

   8,605     $170,444

 Encap Energy Capital Fund III

   7,275         $7,275

 Beloc Oil & Gas Corp 

10,600       $92,834

 Horizon Offshore

  6,502       $38,196

 Miller Exploration  

  6,100    $100,431

 Phillips Petroleum

 21,414    $936,599

 Columbia Energy Group

   3,600    $210,911

Mabel Pew Myrin Trust (Nearly identical in content to J. N. Pew Jr. Trust, totals differ):

Energy stocks 

$8,485,624

Pew Memorial Trust (This investment portfolio contains over $24 million worth of Exxon Mobil common stock. Pew's contribution to the Energy Foundation in part funds an activist group intent on lowering or eradicating the value of this investment.)

INVESTMENT SHARES AMOUNT

 Burlington Resources   

38,300  $1,934,150

 Coastal Corporation

40,654  $3,590,256

 Exxon Mobil Corporation

97,641  $8,488,664

 Kerr McGee Corp  

27,222   $1,822,173

 Occidental Petroleum Corp      

159,800   $3,875,150
 MCN Energy Group Inc  69,400   $1,921,513
 Helmerich & Payne Inc.   44,700   $1,961,213
 Occidental Petroleum Corp 295,100   $7,156,175
 Ocean Energy Inc  132,000   $2,293,500
 Pittston Brink's Group     30,800      $612,150
 Swift Energy Co  128,986   $4,853,098
 Vintage Petroleum Inc  41,850      $899,775
 Southern Energy Inc.    37,500   $1,061,719

 Energy East Corp

   16,430   $3,234,656
 Burlington Resources    24,725   $1,248,613
 Chevron Corp    9,100      $768,381
 Coastal Corporation    18,800   $1,660,275
 Exxon Mobil Corporation   50,895   $4,424,684
 Kerr McGee Corp     18,150   $1,214,916
 Occidental Petroleum Corp    34,125      $827,531
 Schlumberger Ltd   16,325   $1,304,980
 MCN Energy Group Inc    62,525   $1,731,161
 Chevron Corp    40,600   $3,428,163
 Exxon Mobil Corporation    53,700   $4,668,544
 Schlumberger Ltd    46,600   $3,725,088
 Transocean Sedco Forex    46,800   $2,152,800
 Duke Energy Corp    29,400   $2,506,350
 Burlington Resources    59,550  $3,007,275
 Coastal Corporation    62,300  $6,902,838
 Exxon Mobil Corporation    79,400  $6,902,838
 Kerr McGee Corp    41,950  $2,808,028
 Occidental Petroleum Corp    241,525  $5,856,981
 Duke Energy Corp    31,550   $2,689,638
 MCN Energy Group Inc    10,4200   $2,885,038

Officers and Board Members:
Rebecca W. Rimel, Pres. and C.E.O.; Susan W. Catherwood; Thomas W. Langfitt, M.D.; Arthur E. Pew III; J. Howard Pew II; J.N. Pew III; Joseph N. Pew IV, M.D.; Mary Catherine Pew, M.D.; R. Anderson Pew; Richard F. Pew; Robert G. Williams
Trustee: The Glenmede Trust Co.
Staff: 154

Environment Program Director: Joshua S. Reichert
2001: $42,066,400 / 37 grants

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