Billionaire Nike cofounder Phil Knight gives $1 billion to his alma mater: ‘This is no time to abandon’ higher education
Phil and Penny Knight are funding a new engineering college at the University of Oregon, the largest known gift to a U.S. public flagship university.
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# Summary Phil Knight, Nike's billionaire cofounder, donated $1 billion to the University of Oregon to establish a new engineering college, marking the largest known gift to a U.S. public flagship university. The significant donation underscores Knight's commitment to higher education funding during a period of broader debate about the sector's future.
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