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Nike Founder Phil Knight to Give $105 Million to Stanford Business School; Commitment Believed to Be Largest Ever to a Business School.
AScribe Business & Economics News Service, August, 2006
Byline: Stanford Graduate School of Business
STANFORD, Calif., Aug. 1 (AScribe Newswire) -- Nike Inc. founder and chairman Philip H. Knight, MBA '62, will give $105 million to Stanford University's Graduate School of Business. It is believed to be the largest gift ever given to a business school.
The majority of the gift -- $100 million -- will be used to construct a new $275 million campus for the Business School, to be named the Knight Management Center. Concept and site approval for the collection of eight buildings to be set around three quadrangles on the Stanford campus were given by the Stanford University Board of Trustees on June 15. After raising the balance of needed funds for the campus, the School plans to break ground on the new...
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