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February 25, 2016

Nike Chief's Gift Speeds Stanford Fundraising Juggernaut

The Washington Post looks at Stanford University's fundraising prowess following Nike Chairman Phil Knight's $400 million donation this week for a new scholars program. Stanford, the nation's most selective college, collected $1.6 billion in gifts in the 12 months ending in June, by far the most of any U.S. university.

Mr. Knight's donation backs a $750 million endowment for graduate-student scholarships designed to produce effective leaders in addressing health, education, environmental, and human-rights issues worldwide. University leaders say Stanford is attracting major philanthropic support because it is emulating its Silicon Valley neighbors in coming up with bold, world-changing ideas and programs.

Read a Chronicle of Philanthropy article on Stanford's fundraising approach.