John M. Olin Foundation to Close After 52 Years of (RW) Philanthropy

sorry about the source - but it is nowhere else -

http://www.newsmax.com/archives/ic/2005/11/28/113010.shtml

The John M. Olin Foundation, one of the great underwriters of the conservative movement, is shutting down after 52 years and hundreds of millions of dollars in grants to right-wing causes.

Industrialist Olin wanted the foundation to eventually disband because he "feared that if it were to exist in perpetuity, it would eventually be captured by hostile forces,” John J. Miller, author of "A Gift of Freedom: How the John M. Olin Foundation Changed America,” writes in the New York Times’ Op-Ed section.

"The example of Henry Ford II, who quit the board of the Ford Foundation in frustration over its liberal agenda, had especially impressed him.”

<snip>

To that end, the "Olin Foundation and other right-leaning philanthropies – particularly the Bradley, Scaife and Smith Richardson Foundations – provided a pool of venture capital that helped build a network of research institutions, academic fellowships and highbrow journals for the conservative movement,” Miller writes.

...more...

More good news! Just wish all these rightwingnut foundations would cease and desist - most of the damage is already done - but I look for a glimmer of hope that it can be changed.

The mission has been accomplished.

all the time. Good riddance! Now if only Scaife and company would do likewise ...

Too bad they didn't shut the doors 52 years ago. Now we need only contend with AEI, Heritage, Cato, Bradley, Scaife, and about a million others.

at least it seems to me.

Genuine corporate shills.

they will probably continue doing the same sort of thing under another name or under the radar.

a bit of good news for a change.