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About: Philip H. Knight Chairs and Professorships     Goto   Sponge   NotDistinct   Permalink

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Philip H. Knight endowed chairs and professorships were established at the University of Oregon in 1996, when Penny and Phil Knight donated US$15 million for 27 endowed chairs and professorships, "to provide academic areas with a source of funds for recruiting and retaining faculty of superior academic quality". Chairs and professorships must be awarded on merit only, not longevity. Collectively, the Knight endowed chairs and professorships receive over US$325,000 in bonuses per year. The award for a Knight Chair is US$50,000, and US$25,000 for a Knight Professorship.