Townhall.com :: Columns :: Muscular Philanthropy: Tough love and the John M. Olin Foundation by Debra England: "Muscular Philanthropy: Tough love and the John M. Olin Foundation
Nov 15, 2005
by Debra England ( bio | archive )
Pound for pound, the largest left-leaning foundations outspent the top conservative foundations last year by more than 10 to 1 in a market where grants worth $32 billion were made by foundations managing combined assets of more than $475 billion. The Ford Foundation, for example, sits atop roughly $11 billion worth of assets, while the conservative John M. Olin Foundation - which just spent down its portfolio and closed its doors - never reached so much as $120 million worth of assets under management in a given year. And yet, John J. Miller recently published a book entitled A Gift of Freedom: How the John M. Olin Foundation Changed America.
How indeed?"
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