The John M. Olin Foundation also shut down for reasons of preserving donor intent, though the organizations are unrelated. Franklin W. Olin College of Engineering In the early 1990s, the board of the Olin Foundation began to worry about the perpetuation of donor intent in subsequent generations. "We were concerned about how we were going to find people committed to continue the grant program, who wouldn't come in with their own agenda, their own baggage, and try to change things around," Milas said. "With the escalation of building costs, would we be able to sustain that grant program? We were locked into what we had as a private foundation. Would we remain relevant if we couldn't substantially grow our assets?" The board evaluated options, and decided to pursue an idea that Olin had suggested in the 1940s: starting a new college. In 1997, they chartered the Franklin W. Olin College of Engineering and made an initial gift of $200 million. Milas was president initially, but he soon hired Richard Miller as the college's president and first full-time employee. In 2005, after the college had been operating for several years, the foundation dissolved itself and transferred the balance of its endowment, an additional $250 million, to the college. Other buildings and schools funded by the foundation The following is an incomplete list of other schools, programs, or buildings funded by the Franklin W. Olin foundation before its closure: William H. Coleman Hall at Bucknell University F. W. Olin Science Building at Bucknell University Olin Center for Educational Technology, Augustana College (Illinois) F. W. Olin Building, Southwestern University Franklin W. Olin Building Luther College (Iowa) Olin-Rice Science Center, Macalester College F. W. Olin Center, Union College F. W. Olin Center, Tufts University F. W. Olin Graduate School of Business, Babson College F. W. Olin Hall, University of Denver F. W. Olin Hall, fine arts building at Roanoke College F. W. Olin Hall, residence hall at Cornell College F. W. Olin Hall, residence hall at Weill Cornell Medicine F. W. Olin Library at Mills College F. W. Olin Physical Sciences Center, Florida Institute of Technology F. W. Olin Science Center, Harvey Mudd College F. W. Olin Science Center, containing the Olin Observatory, Connecticut College Franklin W. Olin Jr. Hall, Cornell University Olin Arts Center, Bates College Olin Engineering Building, Hampton University Olin Fine Arts Center, Washington & Jefferson College Olin Hall, housing the