Nike cofounder gives $1bn to University of Oregon in historic donation
Summary
Nike cofounder Phil Knight and his wife, Penny, have donated $1 billion to the University of Oregon to create a new engineering school. This donation is one of the largest ever to a major state university and is part of over $2 billion the Knights have given to the university.Key Facts
- Phil Knight co-founded Nike and graduated from the University of Oregon.
- The Knights donated $1 billion to start a new engineering school in Eugene.
- Their total donations to the university now exceed $2 billion.
- The university plans to create a full undergraduate engineering program.
- This gift aims to help address a shortage of engineers in Oregon.
- The Knights recently also pledged $1.1 billion to Oregon hospitals focused on women’s health.
- Last year, they committed $2 billion to Oregon Health & Science University’s cancer institute.
- University leaders praised the donation as a strong investment in higher education.
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