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.