The programs and funding decisions of the John M. Olin Foundation are the responsibility of its Board of Trustees, which makes the final decision on grant proposals within a framework of clearly defined practices.
The guidelines established by the Board of Trustees will normally preclude funding for administrative overhead costs. In addition, grants will not be considered for endowment or building programs, annual giving programs, direct support for individuals or programs without significant import for national affairs.
Grantees must be able to demonstrate the capacity to administer grants from the Foundation and are expected to provide financial accounts of expenditures to make certain that funds are used for their intended purposes. The Foundation conducts an annual evaluation of grants, and grantees are asked to provide periodic reports on the progress of their work. Grants will be made only to institutions that provide a responsible fiscal agent and are tax-exempt under Section 501 (c)(3) of the Internal Revenue Code.