Goals Reached, Donor on Right Closes Up Shop
By JASON DePARLE
Published: May 29, 2005

WASHINGTON, May 28 - Without it, the Federalist Society might not exist, nor its network of 35,000 conservative lawyers. Economic analysis might hold less sway in American courts. The premier idea factories of the right, from the Hoover Institution to the Heritage Foundation, would have lost millions of dollars in core support. And some classics of the conservative canon would have lost their financier, including Allan Bloom's lament of academic decline and Charles Murray's attacks on welfare.

Part Medici, part venture capitalist, the John M. Olin Foundation has spent three decades financing the intellectual rise of the right and exciting the envy of the left. Now the foundation is closing its doors. In telling the organization to spend his money within a generation, John M. Olin, a Midwestern ammunition and chemical magnate, sought to maximize his fortune's influence and keep it from falling into hostile - that is, liberal - hands.

In the budget offices of the right, the loss of Olin, though long anticipated, is bringing a stab of anxiety, as total annual giving of up to $20 million disappears from policy organizations, journals and academic aeries. Yet it is a measure of the foundation's success that the anxiety has not been greater. While a generation ago just three or four major foundations operated on the right, today's conservatism has no shortage of institutions, donors or brio.>>>continued

http://www.nytimes.com/2005/05/29/politics/29olin.html?ex=1117944000&en=2d0c33fe5f5bd4e3&ei=5070