Nike Co-Founder Phil Knight Gives $400 Million to Stanford University - NBC Bay Area

Nike Co-Founder Donates $400M to Stanford University



    Nike Co-Founder Phil Knight Gives $400 Million to Stanford University
    FILE - In this July 11, 2013 file photo, Phil Knight, the co-founder and chairman of Nike, Inc., walks to the morning session at the Allen & Company Sun Valley Conference in Sun Valley, Idaho. Scribner announced that "Shoe Dog" will be the title Thursday for Knight’s book and set an April 26 release. The memoir, first announced last year, will cover the early years of Nike, when Knight in 1964 started what became the iconic company through a handshake deal with his track coach at the University of Oregon, Bill Bowerman. (AP Photo/Rick Bowmer, File)

    Nike co-founder and chairman Phil Knight is donating $400 million to a scholarship program at Stanford University, NBC News reported.

    Knight graduated from Stanford with an MBA in 1962 and is now worth $25.7 billion, according to Forbes. He is teaming up with the college's outgoing president, John L. Hennessy, for the Knight-Hennessy Scholars Program, Stanford announced Tuesday.

    His gift is the largest from any individual to Stanford, surpassing the $100 million given by website investor Robert King and his wife, Dorothy, in 2011.