Phil and Penny Knight commit $1 billion to establish a University of Oregon engineering college

Fortune describes the commitment as the largest known gift to a U.S. public flagship university.

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Fortune reports that the University of Oregon announced a $1 billion commitment from Nike cofounder Phil Knight and his wife, Penny, to establish an engineering college. Knight graduated from the university in 1959.

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Phil and Penny Knight commit $1 billion to establish a University of Oregon engineering college

TLDR

Phil and Penny Knight commit $1 billion to establish a University of Oregon engineering college

TLDR

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