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Aubrey McClendon intends to donate share of arena naming proceeds to schools

Chesapeake Energy Chief Executive Officer Aubrey McClendon is planning to donate proceeds he collects as part-owner of the Oklahoma City Thunder from an arena naming rights between the company and the team.
by Steve Lackmeyer Published: April 28, 2012
/articleid/3670438/1/pictures/1706176">Photo - Chesapeake Energy Arena is shown in this photo. PHOTO BY JIM BECKEL, THE OKLAHOMAN
Chesapeake Energy Arena is shown in this photo. PHOTO BY JIM BECKEL, THE OKLAHOMAN

The statement does not disclose any plans to donate proceeds beyond the first two years of the agreement, the identity of the beneficiaries or whether they will be identified in future filings.

Christy Watson, spokeswoman for the Foundation for Oklahoma City Public Schools, confirmed to The Oklahoman that both McClendon and Chesapeake Energy have been longtime donors, with annual newsletters showing McClendon as a donor in 2001, 2004 and 2008. The reports show 2008 as the last year McClendon made a personal donation, which totaled more than $10,000. He also served on the foundation's board from 2001 to 2009.

Chesapeake, meanwhile, is an annual donor and helped establish the foundation's Jean Gumerson scholarship that assists teachers in obtaining National Board Certification.

by Steve Lackmeyer
Business Reporter
Steve Lackmeyer is a reporter, columnist and author who started his career at The Oklahoman in 1990. Since then, he has won numerous awards for his coverage, which included the 1995 bombing of the Alfred P. Murrah Federal Building, the city's...
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