The Carl McCain Memorial Foundation was established May 1, 1979, and named in memory of Carl McCain of Shreveport, LA. Carl was part of the domestic crude oil trading business for many years and was admired and respected by those who were privileged to know him. He died in 1979 after an extended bout with cancer. Carl’s illness and his concern for the welfare of his granddaughter (Sarah) who was born severely handicapped during his last days were the inspiration of the establishment of the Foundation. His close friends promised their help providing for Sarah after Carl passed away and they decided to host a charity golf tournament. From that seed, the work of the Carl McCain Memorial Foundation grew.
From May 1, 1979, through present, the Foundation has made grants in excess of $10 million.
Funding for the Foundation comes from corporate and individual donations through participation in our numerous annual events: Industry Cocktail Receptions, Old-timers Reception, Chili/Fajita Cook-Off, Sporting Clay Competition, Houston Texas Golf Tournament and the Bakersfield California Golf Tournament. At these events numerous individuals in the energy industry gather to sustain this worthy purpose.
The Foundation is a tax exempt, publicly supported organization in accordance with the Internal Revenue Service code Section 501 (c)3 and makes financial grants to, or on behalf of, individuals and families who work (or have worked) in the energy industry and who are financially overburdened for medically related reasons. Tax exempt ID #74-2049959.
The Purpose of the Trust
The purpose of this Trust is to engage in charitable activities in the United States, within the meaning of Section 501(c) (3) of the Internal Revenue Code of 1954 (or the corresponding provision of any future United States Internal Revenue Code), and, more specifically, to provide funds for any medical treatment or funds to assist with expenses incurred due to significant financial hardship caused by medical conditions for (i) individuals whose livelihood is, or has been, derived from the oil and/or natural gas industries, or ancillary industries, businesses and/or activities related to same for a minimum of 6 months of employment and (ii) dependents and children of said individuals and to provide funds to institutions engaged in the alleviation, cure and treatment of diseases directly affecting persons described in (i) and (ii) provided however that those persons are citizens of the United States of America or lawful permanent residents of the United States of America.