Benedum never retired. Though he was very wealthy and 87 years old,
The New York Times reported in 1956 that he continued to work seven days a week. In 1910, Benedum sold an oil lease which he had procured in
Caddo Parish, Louisiana, for $7 million. Benedum donated to many charitable causes during his lifetime. He was responsible for the construction of a civic center and a
Methodist church building in his hometown of Bridgeport, West Virginia. The wealth from the Benedum estate was placed in a foundation named for the Benedums' son: the Claude Worthington Benedum Foundation. Benedum directed that the foundation use the money for causes local to Pittsburgh and West Virginia. The foundation website claims that have donated over $565,000,000. In 1950, the Texas Railroad Commission named an oilfield after Michael Benedum. The Benedum Field is located in northeast
Upton County, Texas. This honor was given Benedum after his lease produced the discovery well, Alford No. 1, in 1948. This well kicked off the oil boom of the 1940s in the Permian Basin. A portrait of Benedum hangs in the
National Portrait Gallery in Washington, D.C. A documentary film titled "
Michael Benedum: The Wildcatter" was produced in 1980 and tells the story of his life and career.
Love for West Virginia "Life has been sweet to me…sweet in the loved ones that have been mine, sweet in the friends who have surrounded me & rewarding in the opportunities that have come my way. I could not leave this earth with any degree of happiness and satisfaction if I felt that I had not tried to bring some of these joys to those less fortunate than I have been. We know not where seed may sprout. In the poorest and most unregarded child who seems to be abandoned to ignorance and evil, there may slumber virtue, intellect and genius. It is our duty to sow and to nurture, leaving it to others to harvest the fruits of our efforts. While I am conscious that my love for the land that gave me birth has been an influence in guiding the disposition of my estate, there are other practical reasons why I have favored my native state of West Virginia. It is not that I am unmindful or unappreciative of my adopted home of Pennsylvania, but rather that I have sought to appraise and balance the needs of each and the available potential for supplying those needs. I cannot close my eyes to the realistic consideration that Pittsburgh and Pennsylvania abound in riches, having a citizenship in which men of great wealth are more common than rare. West Virginia is in a less fortunate position. There can be no question but that its needs are much greater than those of my adopted home. Consequently, in making specific provisions for West Virginia institutions, I have done so in good conscience, with a sense of equity & with recognition of a responsibility to distribute my estate in a way that will bring the greatest good to the greatest number. This decision was not made lightly or impetuously." -Quote from the will of Michael Late Benedum 15th day of June 1957.
Death Benedum died in 1959 and is interred at
Homewood Cemetery. Benedum's legacy of generosity lived on after his death. He bequeathed a significant portion of his vast fortune, exceeding $100 million, to both his family and the Claude Worthington Benedum Foundation. True to his wishes, this Pittsburgh-based charity remains a pillar of support for West Virginia, channeling much of its philanthropic efforts towards the region.
Eponymous things •
Benedum Field: This oil field in Upton County, Texas, was named in his honor after Benedum's lease produced the discovery well Alford No. 1 in 1948. • Benedum Hall: Located on the campus of West Virginia University, this building houses the university's College of Law. It was constructed with a generous donation from Benedum in 1927. •
Benedum Hall: Home to the School of Engineering at the University of Pittsburgh. •
Benedum Center: This performing arts center in Pittsburgh, Pennsylvania, was built with a donation from Benedum in 1962. •
Benedum Trees Oil Company Building: This historic building in Pittsburgh, Pennsylvania, served as the headquarters for the Benedum-Trees Oil Company for many years. It is now listed on the National Register of Historic Places. •
Michael Late Benedum Chapter of the American Association of Professional Landmen (AAPL): This chapter of the AAPL, a professional organization for landmen in the oil and gas industry, is named in Benedum's honor. •
Benedum Foundation: Established by Benedum in 1944, this foundation supports educational, cultural, and healthcare initiatives in West Virginia and Pennsylvania. •
Benedum scholarship:
West Virginia University offers a scholarship in Benedum's name to students from West Virginia who are pursuing careers in the oil and gas industry. •
Benedum Civic Center (Bridgeport, WV) An enlarged replica of Benedums family home used as a public community and event center, build and dedicated by Benedum himself in 1956. • Benedum Libraries: Several libraries in West Virginia and Pennsylvania bear Benedum's name, including the
Benedum Public Library in Bridgeport, West Virginia, the
Benedum Library at
Salem University, Salem WV, and the
Benedum Library at
West Virginia University. •
Benedum Airport: In Bridgeport West Virginia. Also known as
North Central Regional Airport. Code CKB. •
Benedum Room: This room in the
Greenbrier Hotel in
White Sulphur Springs, West Virginia, was a favorite of Benedum's and is still named in his honor. ==References==