Phil and Penny Knight donate $1 billion to University of Oregon for engineering college
- Reports
- 12
- Developments
- 2
- Repetition
- 83%
New informationRepeats or wire copies
What happened
Phil Knight and Penny Knight committed $1 billion to the University of Oregon. The funds are designated to establish the Knight College of Engineering, which will expand the university's engineering minors and graduate programs. University President Karl Scholz stated this is the largest gift ever made to a comprehensive public university.
From newser.com, dailyemerald.com
Why it matters
The donation comes as the University of Oregon faces financial pressures and a projected $65 million budget deficit. The new college is expected to help address a statewide shortage of engineers. However, Scholz noted the gift does not resolve the university's structural deficit.
From newser.com, dailyemerald.com
Who's involved
- University of OregonRecipient of the $1 billion endowment to fund the Knight College of Engineering
- PennyDonor of the endowment to the University of Oregon
- Phil KnightDonor of the $1 billion endowment to the University of Oregon
How it developed
Newest first. Tap a step to see who reported it.Penny and Phil Knight donated large endowments to the University of Oregon.1 source
Phil Knight made a massive $1 billion donation to the University of Oregon.1 source
Keep exploring
The entities involved
-
University of Oregon
public research university in Eugene, Oregon, USA
-
Penny
hip hop artist and rapper in the United States
Nothing else this week.
-
Phil Knight
American billionaire and co-founder of Nike
Nothing else this week.