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Nike Co-Founder Phil Knight Donates $1B to Oregon
The gift will fund a full undergraduate engineering program as Oregon seeks to address a statewide engineer shortage, officials said.
On Wednesday, Nike co-founder Phil Knight and his wife, Penny Knight, committed $1 billion to the University of Oregon to establish a new engineering college in Eugene, Ore.
This historic gift, the largest known donation to a U.S. public university, brings the family's total contributions to the University to more than $2 billion.
Housed at the Knight Campus for Accelerating Scientific Impact, the college will create a full undergraduate engineering program to address Oregon's severe shortage of engineers.
University President Karl Scholz faces difficult budget conversations, as the school plans about $65 million in cuts despite the significant donation amid eroding enrollment.
Rejecting national cynicism about higher education, Phil Knight stated, "This is no time to abandon them," defending American universities as sources of essential opportunity.