Nike co-founder Phil Knight and his wife Penny have donated $1 billion to the University of Oregon. The gift, the largest in the university’s history, will be used to establish an engineering school in Eugene.

The announcement, first reported by the New York Times and local Oregon media, indicated that the money will be used to attract new faculty and add facilities as part of a long-term plan to develop the new school.

“Phil and Penny Knight have a long history of believing in things before they exist,” University of Oregon President Karl Scholz said in the University’s news release. “They did it in 2016, and they are doing it again now, at a scale that is genuinely hard to take in. I am grateful to them, and I am grateful to be here for it.”

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