Monday, Nov. 28, 2005 11:26 a.m. ESTJohn M. Olin Foundation to Close After 52 Years of Philanthropy The John M. Olin Foundation, one of the great underwriters of the conservative movement, is shutting down after 52 years and hundreds of millions of dollars in grants to right-wing causes. Industrialist Olin wanted the foundation to eventually disband because he "feared that if it were to exist in perpetuity, it would eventually be captured by hostile forces,” John J. Miller, author of "A Gift of Freedom: How the John M. Olin Foundation Changed America,” writes in the New York Times’ Op-Ed section....