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Nike Co-Founder Phil Knight Donates $1 Billion USD to University of Oregon

SummaryNike co-founder Phil Knight and his wife Penny have pledged $1 billion USD to the University of OregonThe historic contribution will fund the establishment of a brand-new undergraduate engineering collegeThe donation brings the Knight family's total lifetime giving to the university to over $2 billion USDNike co-founder Phil Knight and his wife Penny have pledged a historic $1 billion USD contribution to the University of Oregon. The landmark donation represents the largest known individual gift made to a public flagship university in United States history.The funding will directly support the development of a new engineering college, expanding the institution beyond its current bioengineering graduate offerings to establish a comprehensive undergraduate program. University officials estimate the rollout will take approximately a decade, aiming to alleviate a regional shortage of engineers while driving recruitment amid broader demographic shifts in higher education.This latest contribution brings the Knight family's lifetime giving to the University of Oregon to over $2 billion USD. Having competed as a track athlete at the university before founding Nike alongside coach Bill Bowerman in 1964, Knight has previously underwritten major scientific and athletic facilities across campus, including the Knight Campus for Accelerating Scientific Impact.The University of Oregon will begin implementing the decade-long initiative to construct and launch the new engineering college.Click here to view full gallery at Hypebeast