Nike's Gift of $105 Million

Philip Knight, founder of Nike, has just set a record for largest single donation to a business school. He has pledged $105 million to Stanford, to aid in the construction of their new business school complex, appropriately named the Knight Management Center. Knight earned his master’s degree in business administration from Stanford in 1962. He has already made several smaller donations to the business school, but cites this as a “once-in-a-lifetime chance to give back to the school.”

Source: Nike Founder’s Record Gift