 The foundation also funded a variety of environmental groups, health and medical education and services, education, and arts groups in the St. Louis area and around the United States until it ceased operations in 2004.Olin also gave generously to Cornell, his alma mater, where the research chemistry lab is named after him, as well as the annual Olin Lecture.Spencer Olin died at his home in Jupiter Island, Florida in 1995 at age ninety-four.