Philip H. Knight Chairs and Professorships explained

Philip H. Knight endowed chairs and professorships were established at the University of Oregon in 1996, when Penny and Phil Knight donated US$15 million for 27 endowed chairs and professorships, "to provide academic areas with a source of funds for recruiting and retaining faculty of superior academic quality".[1] [2] [3] Chairs and professorships must be awarded on merit only, not longevity. Collectively, the Knight endowed chairs and professorships receive over US$325,000 in bonuses per year.[4] The award for a Knight Chair is US$50,000, and US$25,000 for a Knight Professorship.[5]

Phil and Penny Knight donated an endowment fund of US$5 million to the Stanford University Graduate School of Business in 2006.[6]

In 2009, the Knights donated US$5 million to Willamette University for a School of Law endowed chair named for Alex L. Parks, Penny Knight's father, who served on the faculty of the School of Law.[7]

Willamette University

Symeon C. Symeonides, Alex L. Parks Distinguished Chair and Dean Emeritus of the College of Law[8] [9]

Notes and References

  1. Web site: Phil and Penny Knight, thanks to Nike fortune, have given more than $1 billion in philanthropy. OregonLive.com. 2016-02-13.
  2. Book: Waite, Jeremy. From Survival to Significance. Lulu.com. 2015. 978-1326258368. 445.
  3. Web site: Overview of Endowed Knight Chairs at the University of Oregon. 2016-02-12. Academic Affairs, University of Oregon.
  4. Web site: Swoosh, there it is: Phil Knight's relationship with the University of Oregon. Emerald Media. 2016-02-12. Sam. Stites. 2012-11-15.
  5. Web site: Fiscal Guidelines - Knight Endowed Chairs and Professorships. Academic Affairs, University of Oregon. 2014-07-01.
  6. Web site: Nike Founder Phil Knight to Give $105 Million to Stanford GSB. Stanford Graduate School of Business. 2016-06-11.
  7. News: Phil and Penny Knight give $5 million to Willamette University. Pardington. Suzanne. 2009-12-21. Portland Oregonian. 2016-06-11. OregonLive.com.
  8. Web site: Symeonides Named to Alex L. Parks Chair. willamette.edu. 2020-05-05.
  9. Web site: College of Law: Faculty: Full-Time Faculty Willamette University. willamette.edu. 2016-06-12.

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