Name: Olin College of Engineering
Assets Under Management: $488.3 Million (Source: Duke University on 6/30/2014)
Portfolio Insights: “Franklin W. Olin College of Engineering, Inc. (the “College”), was founded in 1997 by the F. W. Olin Foundation, Inc. (the “Foundation”), and graduated its first class in May 2006. The College is an independent, nonsectarian college offering undergra duate engineering degrees.
The College’s funding was primarily sourced from the F. W. Olin Foundation under the terms of the Grant Agreement (the “Agreement”), which created the Olin Endowment and stipulates a number of financial and other requirements associated with the operations of the College. The Agreement further provides for the use of the Olin Endowment in certain circumstances, such as for the payment of certain debt service should unrestricted net assets be insufficient for that purpose, and for certain capital outlays.” (Source)
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Top Olin College of Engineering Endowment Fund Headlines:
1) Olin College of Engineering is leading the revolution in undergraduate engineering education, igniting passion in young engineers to solve complex global challenges. Olin engineer-innovators envision and deliver the ideas, products, services and systems that positively transform the way people live on this planet. As the world’s only engineering lab school, Olin is forging new models for educating engineers ??? and successfully collaborating with other educators and institutions to catalyze and accelerate change. (Source)
2) The Franklin W. Olin College of Engineering received its educational charter from the Commonwealth of Massachusetts in 1997, the same year the Foundation announced its ambitious plans for the college. Planning and architectural design work for a state-of-the-art campus began almost immediately. By the end of 1999, the new institution’s leadership team had been hired, and site development work commenced on 70 acres adjacent to Babson College. Olin’s first faculty members joined the college by September 2000. (Source)
3) The members of the Class of 2013 established a fund to endow and support Olin student and alumni engagement. It is their wish that the gift fund and the future endowment work to support expanding these initiatives to include, but not be limited to, an engaging, hands-on, project-based spring break class offered to current Olin students taught by an Olin alum. The topic can be chosen by the alum based on his or her knowledge, passion and experience. For example, the alum’s travel expenses and required class materials could be paid for by this fund. The goal in their senior year is to gather pledge commitments from at least 80% of the class. The gift agreement will be posted here upon class approval. (Source)
4) From parents, alumni and currently enrolled students to inspired philanthropists and forward-looking entrepreneurs, there is a firm precedent for individual giving to Olin College of Engineering. The school receives support from countless individual donors, whose investments, large and small, are invaluable to our growth. (Source)
5) At Olin College of Engineering, we honor philanthropy as a virtue. Olin owes its existence to the foresight of Franklin W. Olin and the generosity of the F.W. Olin Foundation, and our community works every day toward fulfilling the vision of these founders. From the very beginning, Olin has been dedicated to bringing its unique mission from theory to practice—from the transformation of engineering education on the Olin campus to bringing the Olin Revolution to communities and schools around the world.
Service to others is a critical part of the Olin culture-from curricular requirements that focus on improving the lives of a community to the volunteering and community-centric spirit that we see in the majority of each incoming class. We know that the greater Olin circle of partners, parents, friends, family, faculty and staff are committed to the continuing upward and outward growth of Olin and what the school represents. (Source)