Scholarship News

“Just Do(nate) It”: Nike Co-Founder Gifts $500M to University of Oregon


October 18, 2016
by Susan Dutca-Lovell
The generous $500 million gift from Phil and Penny Knight to the University of Oregon is the largest ever for a public flagship institution and is intended to support and strengthen interdisciplinary scientific research.

The generous $500 million gift from Phil and Penny Knight to the University of Oregon is the "largest ever for a public flagship institution" and is intended to support and strengthen interdisciplinary scientific research.

With the donation, the university plans to extend its current science campus by 210,000 square feet, with three new research facilities. The initiative is expected to create 30 new positions for research scientists and open 250 graduate and 150 postdoctoral slots.

This won't be the first time the Knights have made such a large contribution. In 2014, they gave more than $300 million to the University of Oregon's athletic department. Also, in February 2016, they announced their plan to donate $400 million to Stanford University's graduate scholar program. Mega-gifts such as these given to Knights' alma maters are not uncommon; however, they are "rare at public universities." While some argue that these donations are simply "gifts from the top 1% to the top 1%," University of Oregon President Michael Schill notes that "more than one-third of Oregon undergraduates are considered low-income." Furthermore, statistics from the White House indicate that only "73% of Oregon students graduated high school last year, one of the lowest graduation rates in the country."

Mr. Knight's states that "collaborative scientific research is a comparative strength at the University of Oregon, and with appropriate support could develop into a major center of excellence and a national treasure." He notes that the lack of funding to basic scientific research programs "threaten to choke off opportunities to enhance standards of living." The University of Oregon hopes to complete and open the new facilities in three years.

Do you think the $500 million donation is a good investment? If you had the resources, how and where would you invest your dollars? Let us know in the comments section below and be sure to check out our extended list of scholarships by state for more opportunities.

Just because there are millions of college scholarships out there doesn’t mean you have time to go searching, and many won’t even match your profile. We’ve done the work and Scholarships.com is totally free. We have the search algorithms and scholarships database, saving you time in searching, finding and applying to thousands of dollars in college scholarships. Get instantly matched to scholarships that meet your unique talents, skillset and strengths, only those you qualify for. Access a complete list of college scholarships now by conducting a free college scholarship search at Scholarships.com.

Discuss

Share your thoughts and perhaps thousands of students will benefit from your unique insight on the subject!



If you can read this, don't touch the following fields


 

Stephen H.  on  11/14/2016 3:26:17 PM commented:

The One in heaven is neither hot nor cold but perfectly warm. He is in between Hate and Love, the thin line between love and hate.

Hadyn R.  on  11/12/2016 4:39:55 PM commented:

$ 500 million dollars is a good investment. If i were to receive this donation, I would invest all of the money in school. I would invest this pushing myself to take harder college programs and push for a degree in chemical engineering. This is not only the hardest degree to get at CU but can lead me towards a future that i have much desired. I don't want to just go to college just to make more money but to change the world and this starts with a degree that puts me in a leadership position in design thinking. I have pushed for leadership positions in my community and have identified where the problems are, the only thing that i need to push for now is getting money or to a point in power where i'm able to do something about it. Not only is college a step towards my goal but its the only thing that will throw me in that direction and defy the standards that others have all ready set for me.

Montia G.  on  11/8/2016 7:38:15 AM commented:

$500 million dollars is a great investment. If I was chosen for this scholarship I would not have to worry about being in debt or student loans, which is my biggest fear. My parent's income is at the bottom of the barrel and they would not be able to afford my tuition. That amount of money will pay off anything and everything I need for college. I'll be able to pay for classes, books, dorm fee, even if I want to change up a class and learn something new. That money also could roll over into helping out my family. With what I have left can possibly benefit my life and my future.

Angela K.  on  11/1/2016 12:58:55 PM commented:

Having this opportunity to receive this $500,000,000 is amazing. If I were to receive this generous donation it would all be put towards my future education, college. I believe that the youth needs help promoting education because we are the future and in the future being educated is crucial. However, college puts so many students in debt and this makes students stray away from college because nobody wants debt. I think this donation is truly great because it gives us the people a chance to lessen the cost of college.

Omarr M  on  10/23/2016 9:08:29 PM commented:

A $500,000,000 donation is a great investment. As an adult student and a single parent, I find it extremely hard to go through to school and pay for bills. I wish that there was more support for those who come back to school. I was denied so many scholarship because I was not a traditional student. Trying to maintain a house hold while trying to fund your way through college is beyond tough. Due to financial constraints, I can only afford to take 1-2 classes at a time. This makes the traditional 4 year process into a 8 year process. I just wish that we all were eligible for the same scholarships. Age should not disqualify you. Some of us were forced to mature faster than others. Some of us were forced to get a job or two because parents were incarcerated or possibly disabled. That was my case! I had to play the role of a father to my younger siblings so school was not an option. If education was free, just imagine what we could have accomplished. The next Einstein or Issac Newton may be that young man or you woman working two-three jobs and can't afford to attend school. We the People....Need Help!

Peter M  on  10/19/2016 6:39:00 PM commented:

I love the fact that you are looking towards the benefits of lots of kids. If I am able to acquire the money I would put all of it to my college tuition. My parents are two hard working people but lately my dad's business is failing and it is heading on the bring of bankruptcy. I would like to go to college to help my parents so that we don't lose a lot. Please have the chance of reviewing this message and have the heart of helping out.

Lisanu G  on  10/18/2016 6:34:48 PM commented:

First of all giving is very generous thing. If I get money from this scholarship I will spend it in my college tuition. I really want to go to college and my parents work a minimum wage they can't afford college for me. So I have to apply as much as college a cloud in Oder to meet my goal and dream. I will spend is on college and meet my dream as soon as possible god willing

Scholarships are free money to go to college… right? The majority of the time, that holds true. But there are times where students may have to pay taxes on scholarship funds. While normally tax-free, the IRS states that if scholarship funds are used for “incidental expenses” like housing, transportation or meal plans, those funds must be included in a student’s gross income statement. Even scholarships intended to be used for room and board or for meal plans at school must be reported.

Will You Pay Tax on Your Scholarships?

June 5, 2020 1:53 PM
by Izzy Hall
Scholarships are free money to go to college… right? The majority of the time, that holds true. But there are times where students may have to pay taxes on scholarship funds. While normally tax-free,
Across the country, both private and public institutions of higher education have announced that they will be test-optional for students applying to enter school in the fall of 2021. This policy, instituted as a response to coronavirus cancellations of standardized testing dates, comes with the caveat that it would only exist during next year’s round of admissions. But the University of California system has gone in an entirely different direction by announcing that will no longer require the SAT or ACT for all California state applicants.

University of California Seeks New Standardized Test

May 27, 2020 11:42 AM
by Izzy Hall
Across the country, both private and public institutions of higher education have announced that they will be test-optional for students applying to enter school in the fall of 2021. This policy,
Time to break out the white pants, beach chairs and barbeque sauce! It’s Memorial Day weekend and we’re excited for the (unofficial) start of summer. But there’s still almost a week left of May, and plenty of scholarships to consider before we jump into June. So, enjoy your three-day weekend – and set aside some time to apply to these scholarships.

Wrap up May with these Memorial Day Scholarships

May 22, 2020 10:38 AM
by Izzy Hall
Time to break out the white pants, beach chairs and barbeque sauce! It’s Memorial Day weekend and we’re excited for the (unofficial) start of summer. But there’s still almost a week left of May, and
  As much uncertainty looms around the future of college openings and instruction, one thing is certain: The college landscape won't quickly and easily return to what it was pre-COVID-19...at least for a while. Here's a glimpse as to what college may look like in the near future and what students are hoping to experience in their upcoming semesters.

What Will College Look Like Come Fall Semester 2020?

May 21, 2020 3:18 PM
by Susan Dutca-Lovell
As much uncertainty looms around the future of college openings and instruction, one thing is certain: The college landscape won't quickly and easily return to what it was pre-COVID-19...at least
Do you like Scholarships.com? Of course! Between our huge database of scholarships, college search tools, and student resources, what’s not to like? Just as much as you appreciate Scholarships.com, we appreciate you – and we’re bringing back the “Tell A Friend” scholarship sweepstakes just for you!

The “Tell A Friend” Scholarship Sweepstakes is Back!

May 15, 2020 8:55 AM
by Izzy Hall
Do you like Scholarships.com? Of course! Between our huge database of scholarships, college search tools, and student resources, what’s not to like? Just as much as you appreciate Scholarships.com,
Some 3.4 million students have registered to take the AP Exams this year, which began on Monday, but they’re not taking the typical pencil-and-Scantron tests. Instead, students this year will be taking an abridged version of the AP Exams online. The traditional marathon-like tests have become free response exams that will last for just 45 minutes. This change, among many others, has garnered lukewarm reception even before testing began. Will these altered AP Exams carry the same weight as normal tests? And how will students perform on them, given all that has happened since the last time their AP courses convened in the classroom?

Online AP Testing Starts This Week

May 12, 2020 9:45 AM
by Izzy Hall
Some 3.4 million students have registered to take the AP Exams this year, which began on Monday, but they’re not taking the typical pencil-and-Scantron tests. Instead, students this year will be
Graduation is right around the corner for the class of 2020, and given the copious amount of event cancellations, many students won't have the traditional ceremonial experiences they've been looking forward to the past four years. Times may be changing, but the graduation festivities can still go on in extraordinary ways - don't forget you can always plan for an official, in-person party at a later time, when things calm down. For now, here are unique ideas for throwing your upcoming quarantine 2020 graduation party.

Quarantine Graduation Party Ideas 2020

May 8, 2020 1:27 PM
by Susan Dutca-Lovell
Graduation is right around the corner for the class of 2020, and given the copious amount of event cancellations, many students won't have the traditional ceremonial experiences they've been looking
One of the biggest milestones that students look forward to throughout their educational career is the high school or college commencement. Donned in their cap and gown, students have proudly walked across a stage in front of their peers, educators and families, to receive their diploma or degree in-hand, perhaps followed up by a hug or handshake from their educators, as a sign of congratulations and respect for all of their hard work over the course of many years.

Graduation Ceremonies 2020: Quarantine-Style

May 7, 2020 11:33 AM
by Susan Dutca-Lovell
One of the biggest milestones that students look forward to throughout their educational career is the high school or college commencement. Donned in their cap and gown, students have proudly walked