April 14, 2005
Closing the Doors at a Big Philanthropy
As president of the F.W. Olin Foundation, Lawrence W. Milas has spoken at the dedication of more than 30 college and university buildings the philanthropy has financed. And at most of the ceremonies, Mr. Milas says, he has made the same remark: "The power of philanthropy is mighty indeed."
What he is referring to, in particular, he says, is the $21-million that Franklin W. Olin, a businessman who made a fortune in the munitions industry, gave to the foundation he started in 1938.
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