Olin has a network of more than 16,000 alumni worldwide. Over the last several years, the school’s endowment has increased to $213 million (2004) and annual gifts average $12 million per year.[citation needed] Simon Hall was opened in 1986 after a donation from John E. Simon. On May 2, 2014, the $90 million conjoined Knight and Bauer Halls were dedicated, following a $15 million gift from Charles F. Knight and Joanne Knight and a $10 million gift from George and Carol Bauer through the Bauer Foundation.