History
Olin College is named for Franklin W. Olin (1860–1951), an
engineer, entrepreneur and professional baseball player. Although he lacked a
high school diploma, he qualified through self-study for entrance to Cornell
University, where he majored in civil engineering and was captain of the
baseball team. He played major league baseball during the summers to finance
his education. He went on to found the company known today as the Olin
Corporation, a Fortune 1000 company.
In 1938, Mr. Olin transferred a large part of his personal
wealth to a private philanthropic foundation. In two-thirds of a century of
existence, the F. W. Olin Foundation awarded grants totaling more than $800
million to construct and fully equip 78 buildings on 58 independent college
campuses. In 1997, the Foundation announced its intention to create Olin
College, its most ambitious project. In sub-sequent years, the Foundation
transferred its assets to the college, for a total commitment of $460 million,
one of the largest grants in the history of American higher education. The
Foundation’s generosity enabled Olin to start from a “clean slate” in designing
its academic program, and, in the philanthropic spirit of Franklin W. Olin, to
provide a tuition merit scholarship to every student. The faculty worked with
30 student “partners” in the year prior to the formal opening of the college to
design the curriculum. The college welcomed its first freshman class in August
2002.
In creating the college, the Foundation was responding to
calls for fundamental reform of engineering education from the National Science
Foundation, the National Academy of Engineering, the accrediting organizations
and the corporate community. To better prepare graduates for the challenges of
the twenty-first century, these groups recommended that engineering education
include more project-based learning, interdisciplinary teaching, and a greater
emphasis on entrepreneurship, teamwork and communication. Olin College
incorporated these suggestions, along with creative ideas of its own, into an
innovative, hands-on curriculum that is attracting worldwide attention as a new
model for engineering education.
Engineering education at Olin is in the liberal arts
tradition, with a strong emphasis on the arts, humanities, social sciences,
entrepreneurship, and design. Olin is committed to producing graduates who
recognize the complexity of the world, who appreciate the relationship of their
work to society and who are dedicated to creative enterprises for the good of
humankind.
Olin College graduated its first class in May 2006. Members
of that class and subsequent classes have gone on to graduate study and
employment at many of the nation’s top graduate schools and corporations. A
significant proportion of the graduates have started entrepreneurial ventures,
while others have sought alternative post-graduate occupations.
Olin celebrated the 10th anniversary of the college’s
opening in October 2012. This milestone was an opportunity to reflect on the
accomplishments of the college’s first decade, to recommit to the founding
values of innovation and collaboration, and to set an ambitious agenda for
Olin’s future. Olin’s vision is for the college to become the recognized leader
in the transformation of engineering education in the US and throughout the
world.