Phi Beta Cons

Olin’s Farewell Gift to Veritas

The John M. Olin Foundation’s last large donation will be a $1 million “matching gift” to the Manhattan Institute’s Veritas Fund, which funds campus programs that foster intellectual diversity.

The editors of the Wall Street Journal note that industrialist John Olin put almost $150 million into the foundation in 1969, upon learning that armed students had taken over the administration building at his alma mater, Cornell University.
The Olin grants have laid the foundation for much of the best of the higher-education-reform movement of the past four decades. This free society owes John Olin gratitude for his righteous ire and wise philanthropy.