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Phil Knight Tops Bloomberg With $1.8 Billion in Gifts to Universities

By  Maria Di Mento
October 19, 2016
Phil Knight’s $500 million gift to the University of Oregon, his alma mater, makes him the biggest donor to higher education, above Michael Bloomberg.
Credits l to r: Brian Murphy/Icon Sportswire/Corbis via Getty Images; Ilya S. Savenok/Getty Images
Phil Knight’s $500 million gift to the University of Oregon, his alma mater, makes him the biggest donor to higher education, above Michael Bloomberg.

Two thoroughbreds of American philanthropy have been in a neck-and-neck race for the crown for most generous donor to higher education.

On Tuesday, Nike co-founder Phil Knight took the lead by a nose.

Phil and Penny Knight’s $500 million gift to the University of Oregon vaults them to the top of the list as the biggest donors to higher education, pushing Michael Bloomberg down a notch to number two, according to data compiled by The Chronicle.

Mr. Knight’s publicly announced donations to universities add up to more than $1.8 billion, including the latest gift, announced Tuesday. Mr. Bloomberg, whose namesake company provides news and financial data, has given nearly $1.7 billion to universities, according to The Chronicle’s tally.

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Two thoroughbreds of American philanthropy have been in a neck-and-neck race for the crown for most generous donor to higher education.

On Tuesday, Nike co-founder Phil Knight took the lead by a nose.

Phil and Penny Knight’s $500 million gift to the University of Oregon vaults them to the top of the list as the biggest donors to higher education, pushing Michael Bloomberg down a notch to number two, according to data compiled by The Chronicle.

Mr. Knight’s publicly announced donations to universities add up to more than $1.8 billion, including the latest gift, announced Tuesday. Mr. Bloomberg, whose namesake company provides news and financial data, has given nearly $1.7 billion to universities, according to The Chronicle’s tally.

Most of Mr. Bloomberg’s university donations, at least those he has announced publicly, have gone to his alma mater, Johns Hopkins. Officials there have said the former New York mayor has given more than $1.5 billion since he graduated in 1964.

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Mr. Knight, meanwhile, has given $600 million to the University of Oregon, where he graduated in 1959, and $505 million to Stanford, where he earned a master’s degree.

But he’s contributed even more to a college he never attended: Oregon Health & Science University, where he has given $725 million since 2008.

Still, for both men, those gifts represent a tiny portion of their total net worth. Forbes magazine pegs Mr. Knight’s at $24 billion and Mr. Bloomberg’s at $43 billion.

Both men have vowed to give most of their fortunes to charity.

Top 2 Donors to Higher Education

Michael Bloomberg

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Year Amount Given Recipient Purpose
1964 - 2016 $1.5 billion Johns Hopkins U. Multiple donations for the,Bloomberg American Health Initiative, an immunotherapy center, fellowships, professorships, financial aid, research, and other programs
2004 $36 million Princeton U. For a dormitory
2015 $100 million Cornell U. For Cornell Tech
2016 $32 million Harvard U. To train urban leaders
Total: $1.668 billion

Phil Knight

Year Amount Given Recipient Purpose
2006 $105 million Stanford U. Graduate School of Business For the Knight Management Center
2007 $100 million U. of Oregon To establish the Oregon Athletics Legacy Fund
2008 $100 million Oregon Health & Science U. For the Knight Cancer Institute
2009 $5 million Willamette U. College of Law For a professorship
2012 $125 million Oregon Health & Science U. To establish an institute for cardiovascular research and care
2013 $500 million Oregon Health & Science U. For cancer research
2016 $400 million Stanford U. To establish the Knight-Hennessy Scholars program
2016 $500 million U. of Oregon To establish the Knight Campus for Accelerating Scientific Impact
Total: $1.835 billion

Source: Chronicle data

Note: This chart has been corrected to say that Michael Bloomberg gave $36 million to Princeton for a dormitory.

We welcome your thoughts and questions about this article. Please email the editors or submit a letter for publication.
Fundraising from IndividualsMajor-Gift Fundraising
Maria Di Mento
Maria Di Mento directs the annual Philanthropy 50, a comprehensive report on America’s most generous donors. She writes about wealthy philanthropists, arts organizations, key trends and insights related to high-net-worth donors, and other topics.
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