Waite Phillips Explained

Waite Phillips (January 19, 1883 – January 27, 1964) was an American petroleum businessman who created a fully integrated operation that combined petroleum producing, refining and marketing. With headquarters in Tulsa, Oklahoma, he also developed several office complexes and engaged in banking and ranching. Phillips was a philanthropist for both local Tulsa institutions and national causes. In Tulsa he built a 72-room mansion for his residence, which he later donated to the city; it became the Philbrook Museum of Art. He gave 127000acres of his favorite ranch in New Mexico to the Boy Scouts of America, together with an office building as part of its endowment. He made a substantial bequest to the University of Southern California which named a building after him.

Early life and education

Waite Phillips and his identical twin brother Wiate were born near Conway, Iowa to Civil War veteran Lewis "Lew" Franklin Phillips and Lucinda Josephine "Josie" Faucett Phillips. Waite, the younger twin, was the 7th of 10 children born into the Phillips family.

In 1899, at age 16, Waite and Wiate left the 40acres farm they called home, boarded a train and headed west. Their travels took them to most of the western and midwestern United States and parts of Canada. To support themselves, they worked a variety of jobs in fields such as railroad building, mining and lumbering, and spent one winter trapping fur animals in the Bitterroot Mountains. Their adventure came to an end in Spokane, Washington on July 16, 1902 when Wiate died as a result of acute appendicitis.

Career

Waite returned home to Iowa and, after six months of college studies, launched into an active business career. Under the guidance and help of his elder brothers, Frank and L.E. Phillips, he moved from a short period of coal mining in Iowa to petroleum operations in 1906, centered around Bartlesville, Oklahoma. His brothers created the business which became known as Phillips Petroleum Company.

In 1914 Phillips sold his oil interests to his elder brothers. He started out on his own as an individual oil producer, refiner and marketer. His fully integrated and extensive oil operations lasted almost 40 years. After 1918, he had his headquarters in Tulsa, Oklahoma. While in Tulsa, Phillips built several office complexes, such as the Philtower and Philcade. He also had a mansion built, the 72-room Italian Renaissance-style Villa Philbrook. In 1938 during the Great Depression, Phillips donated his immense home to the city of Tulsa, which adapted it into the Philbrook Museum of Art. Each of these buildings has been listed on the National Register of Historic Places.

In addition to his oil business, Phillips was actively engaged in banking, city real estate developments and the operation of ranches in several Rocky Mountain regions. His first choice of ranches was the UU near Cimarron, New Mexico, acquired in 1922. After disposing of his other ranches, he developed the 300000acres UU Ranch into diversified farming and livestock operations. Waite built the Villa Philmonte as his summer house. On the ranch, he also built mountain trails, a hunting lodge and a fishing lodge, all of which he found to be restful retreats from business pressures in Tulsa.

Philanthropy

Phillips sometimes allowed others to visit his ranch, including a few Boy Scout troops. In 1938 and in 1941, Phillips donated 127000acres of his Ranch to the Boy Scouts of America, complete with water, mineral and timber rights. The only condition was that it be used "for the benefit of the members of the Boy Scout organization" and the second larger donation had only the condition that it pay its fair share of taxes on any portion devoted to competitive commercial operations.[1] As an endowment, he donated the 23-story Philtower Building in Tulsa.[1] These donations were made without any rights of management reserved by the donor. All equipment and livestock was included in the gift with the idea that diversified ranch operations would provide educational benefits to Boy Scouts and would add to the endowment income. In honor of Phillips, the Boy Scouts of America renamed the newly donated land Philturn Rocky Mountain Scout Camp. Later the property was renamed Philmont Scout Ranch His son Chope still visits frequently.

Phillips passed away in 1964 and a primary beneficiary of his estate was the University of Southern California. USC built a 12 story building, named the "Waite Phillips Hall", which was dedicated in 1968.[2]

Marriage and family

In 1909 he married Genevieve Elliott in Knoxville, Iowa. Waite and Genevieve had two children, Helen Jane (July 1, 1911 – May 19, 1963; age 52) and Elliott "Chope" Waite (January 11, 1918–).

Waite Phillips died on January 27, 1964 at age 81. Waite and Genevieve Phillips are buried in Westwood Village Memorial Park Cemetery in Los Angeles, California.

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Notes and References

  1. Lawrence R. Murphy, University of New Mexico Press, Philmont, A history of New Mexico's Cimarron Country, ISBN # 0-8263-0438-9
  2. http://www.voicesofoklahoma.com/files/pdfs/Phillips_Transcript.pdf Voices of Oklahoma; transcript