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"Accordingly, the general purpose of the John M. Olin Foundation is to provide support for projects that reflect or are intended to strengthen the economic, political and cultural institutions upon which the American heritage of constitutional government and private enterprise is based. The Foundation also seeks to promote a general understanding of these institutions by encouraging the thoughtful study of the connections between economic and political freedoms, and the cultural heritage that sustains them."[http://www.jmof.org/history_purposes.html]
In 2001, the Foundation expended $20,482,961 to fund [[right-wing]] [[think tanks]] including the [[American Enterprise Institute]] (AEI), the [[Brookings Institution]], the [[Center for Strategic and International Studies]] (CSIS), the [[Claremont Institute for the Study of Statesmanship and Political Philosophy]], the [[Council on Foreign Relations]] (CFR), the [[Heritage Foundation]], the [[Hoover Institution on War, Revolution and Peace]], the [[Hudson Institute]], the [[Independent Women's Forum]], the [[Paul H. Nitze School of Advanced International Studies]] (SAIS) at Johns Hopkins University, the [[Manhattan Institute for Public Policy Research]], and the [[Project for the New American Century]] (PNAC). "The Foundation also gives large sums of money to promote conservative programs in the country's most prestigious colleges and universities."[http://www.mediatransparency.org/funders/john_m_olin_foundationfunderprofile.htmphp?funderID=7][http://www.jmof.org/history_purposes.html][http://www.jmof.org/grants_1996.html]
The Foundation is financed by the Olin chemical and munitions fortune with assets estimated at $90 million, $3 million of which goes to conservative advocacy groups. The Foundation "supported right-wing causes for many years but became more focused on grantmaking after [[William E. Simon]] took over as president in 1977." Simon, who had been chosen to lead the Foundation by Olin, was followed by [[Michael Joyce]], who left Olin in 1985 to lead the [[Lynde and Harry Bradley Foundation]]. He has since returned to be Olin's president.[http://www.jmof.org/history_purposes.html]
