π° Nike cofounder gives massive donation to Oregon university
Nike cofounder Phil Knight and his wife Penny have gifted a massive $1 billion to the University of Oregon. This significant donation, revealed during an unscheduled call, is earmarked for establishing a new engineering college at the institution. This pledge follows previous large contributions, such as a $2 billion gift to OHSUβs Knight Cancer Institute in 2025. University President Karl Scholz called the gift an endorsement of higher education's ability to foster innovation. The donation arrives as US university funding faces ongoing uncertainty from federal cuts. π°