The Franklin W. Olin Hall of Science was dedicated during Millsaps Founder's Day Weekend on February 13, 1988. In 1985, Millsaps competed with over 200 other colleges nationwide to receive a $5.5 million grant from the Olin Foundation Inc. The proceeds from this grant, which is one of the largest single gifts Millsaps has ever received, were used to equip a new science building for the College's biology and chemistry departments. The facility houses a computer lab, a lecture hall, a botany lab and greenhouse, faculty offices and classrooms, and over $300,000 of specialized lab equipment including a nuclear magnetic resonator, a refrigerated centrifuge, an environmental chamber, a scanning electron microscope, and an atomic absorption lab. Located in the central part of the campus, the building is over 55,300 square feet and looks out over the Millsaps Bowl.