Stewart R. Wallace (1919-2009), former chief geologist for the Climax Molybdenum Company and one-time president of the Society of Economic Geologists, made a bequest in excess of $1.7 million to the Colorado School of Mines Foundation to be divided between scholarships for geology students, support for the Department of Geology and Geological Engineering and unrestricted support for the university.

Wallace, a graduate of Dartmouth and the University of Michigan, grew involved with the school during his career.