Penny and Phil Knight Announce $500 Million Gift to the University of Oregon

Penny and Phil Knight, a University of Oregon alumnus, announce the largest gift ever to a public university: $500 million to fund the Phil and Penny Knight Campus for Accelerating Scientific Impact at the University of Oregon. The new campus will house three state-of-the-art buildings and advance the University’s science education and research capabilities.

“In an age of declining public support for scientific research generally and declining public higher education support specifically, Penny and I are delighted to contribute to these critically important areas,” remarked Phil Knight, co-founder and chairman of Nike Inc. “While not without risk, we believe the expected societal returns from such investments are high. And here at home in Oregon, we believe the potential to arm our talented young people with the skills and tools they will need to have a lasting impact on the world and to pursue rewarding careers makes such investments essential.”

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