John M. Olin Foundation
 John M. Olin Foundation  (Foundation, Grant maker, CIA cut-out)    | |
|---|---|
| Formation | 1953 |
| Founder | John M. Olin |
| Extinction | November 29, 2005 |
| Headquarters | Manhattan, New York City, U.S. |
| Sponsor of | Middle East Media Research Institute, American Enterprise Institute, Heritage Foundation, Manhattan Institute for Public Policy Research, Hoover Institute, Charles Murray, Dinesh D’Souza, Federalist Society, Intercollegiate Studies Institute, Harvard, University of Chicago, Washington University, Yale University, University of Rochester, Stanford University, David Horowitz Freedom Center, Samuel P. Huntington, Harvey Mansfield, Project for the New American Century |
| Membership |  William E. Simon |
| Former (closed in 2005) "right-wing" grant-maker. CIA cut-out to select projects. | |
The John M. Olin Foundation, which grew out of the Olin Corporation a family manufacturing business (chemical and munitions), funded a range of US right-wing think tanks until it closed its doors in 2005.
It is know the foundation was used to launder money for the Central Intelligence Agency to select projects. Officially this ended in the 1968, but the Olin Foundation later supported groups like the Project for the New American Century[1] and academics close to the CIA.
Background
John M. Olin was the owner of the Olin Corporation with his brother Spencer and ran it until 1963. The company, founded by their father in 1892, initially produced explosives for coal mines and prospered as an arms producer during the two world wars. In 1954 it was taken over by Mathieson Chemical Corporation, and subsequently it expanded into other product areas. In the 1970s, the Olin Corporation came into conflict with the new environmental protection measures because it was a major producer of the insecticide DDT and discharged large amounts of mercury into water bodies.[2]
Olin saw in the USA a socialist infiltration that threatened free entrepreneurship. He began to support conservative think tanks such as the Heritage Foundation. However, his foundation only became significant when it focused on influencing research and teaching at universities. In 1977, he appointed former Treasury Secretary William E. Simon as president of his foundation. Simon, like Olin, was a staunch opponent of the regulating state, and especially against environmental protection, and he called politicians acting in the name of a public interest "new despots" who threatened the only legitimate power of the free market.
Under Simon's leadership, the Foundation temporarily supported smaller universities that were open to the desired content-related objectives. However, they later moved on to generously sponsoring individual professors at leading universities such as Harvard, including Samuel P. Huntington and Harvey Mansfield. Huntington received $8.4 million to establish the John M. Olin Institute for Strategic Studies, and Mansfield received $3.3 million for a program on Constitutional Government. Great care was taken to avoid any impression of a content-related influence. At Harvard alone, the work of over 100 young academics was financed in this way, most of whom later made a career at universities and others went into politics or worked in think tanks.[3]
CIA cut-out
For a long time, the Olin Foundation mainly supported hospitals and museums. In the years 1958 to 1966 it also did work for the CIA for money laundering for select projects. This involved $1.95 million, which was mainly used to support anti-communist intellectuals and publications. In 1967, these secret activities of the CIA were revealed by press reports, and the CIA allegedly terminated this program without the involvement of the Olin Foundation being known at that time.[4]
It made its last grant in the summer of 2005 and officially disbanded on November 29, 2005. It had disbursed over $370 million in funding, primarily to conservative think tanks, media outlets, and law programs at influential universities.
Grantees 1985-2005
It gave large sums of money to promote conservative programs in the country's most prestigious colleges and universities.
The foundation was also one of the top contributors to the counterjihad organisation David Horowitz Freedom Center according to IRS filings in 2013, donating a total of USD $2,285,000. [5]
Harvard University $26,016,819 University of Chicago $21,216,891 Washington University $20,767,686 Yale University $17,282,509 University of Rochester $9,725,230 Stanford University 8,944,835 Heritage Foundation $8,620,835 American Enterprise Institute for Public Policy Research $7,507,124 George Mason University $6,890,824 Manhattan Institute for Policy Research, Inc. $5,699,500 Harvard Law School $5,545,345 Hoover Institution on War, Revolution and Peace $5,190,660 Federalist Society for Law and Public Policy Studies $4,790,000 New York University $4,323,105 University of Virginia $4,199,066 Columbia University $4,064,000 National Bureau of Economic Research, Inc. $3,876,400 Intercollegiate Studies Institute, Inc. $3,502,600 Hudson Institute, Inc. $3,034,840 Georgetown University $2,759,082 Princeton University $2,744,759 [6]
Known member
All 1 of the members already have pages here:
| Member | Description |
|---|---|
| William Simon | Wrote a working paper on U.S. Economic Performance and Prospects for the 1982 Bilderberg. |
References
- ↑ See note 42 https://militarist-monitor.org/profile/project_for_the_new_american_century/#_edn42
- ↑ Jane Mayer: Dark Money: The Hidden History of the Billionaires Behind the Rise of the Radical Right. Doubleday, New York 2016, ISBN 978-0-3855-3559-5. S. 94–99.
- ↑ Jane Mayer: Dark Money: The Hidden History of the Billionaires Behind the Rise of the Radical Right. Doubleday, New York 2016. S. 100–106.
- ↑ Jane Mayer: Dark Money: The Hidden History of the Billionaires Behind the Rise of the Radical Right. Doubleday, New York 2016. S. 93 und 104f.
- ↑ John M Olin Foundation donations, Conservative Transparency, accessed 21 October 2015
- ↑ Rightweb John M. Olin Foundation, accessed 2 March 2015
