Nike co-founder Phil Knight is well known for his significant financial contributions to the University of Oregonâ€™s athletic department, largesse that has helped his alma mater reach new heights (especially in football). The tally is more than $300 million, according to a USA Today story from December 2014.
And now he may have topped that, only this time to Stanford, where Knight earned his MBA in 1962. And it wonâ€™t help the Cardinal challenge the Ducks on the playing fields of the Pacific-12: According to a Stanford news release, Knight is donating $400 million to help endow a graduate-level scholarship program for high-achieving undergraduate students. Itâ€™s the largest gift ever from an individual to Stanford, NBC News reports.
Knightâ€™s philanthropy at Oregon has gone beyond football-stadium renovations and the construction of a new basketball arena, as well. Heâ€™s donated more than $200 million for cancer research and cardiovascular medicine study at the Oregon Health & Science University. He also has donated money toward renovations of the Oregon campus library (which was named after him) and given millions to the schoolâ€™s law and business schools.
And why not? These are the types of things you do when youâ€™re worth $25.7 billion, according to Forbes.