University of Oregon Receives $10 Million for Faculty Chairs

University of Oregon Receives $10 Million for Faculty Chairs

The in Eugene has announced a gift of $10 million from longtime supporter to establish and endow up to five faculty positions at the Phil and Penny Knight Campus for Accelerating Scientific Impact.

In addition to endowing the five positions, the gift from Lokey is intended to spur additional philanthropic support for faculty who will teach at the new complex, the first phase of which is scheduled to be completed in 2020. "The future is science, and it's imperative that the UO builds for it," Lokey said. "Phil Knight has put his generous gift of $500 million on the line to get it going. It's mandatory that the rest of us chip in to assure its success and make the UO a West Coast center for science education, research and development."

Lokey, who founded the Business Wire news service, has given nearly $800 million to schools and colleges in the United States and Israel. A 2010 signatory of the , he has invested almost $140 million in support of research and teaching at UO, and has made a series of gifts that were the catalyst for the university's build-out of its research facilities from 2004 to 2008. In recognition of a $74.6 million gift from Lokey to advance teaching and research in several fields, including neuroscience and materials science, the university named a group of science buildings the Lorry I. Lokey Science Complex.

"Lorry Lokey never ceases to amaze us," said UO president Michael Schill. "His vision to create support for these new endowed faculty positions is absolutely essential to our success and will help us attract outstanding researchers to our campus. These are the types of superstar faculty that will personify the Knight Campus."

"." University of Oregon Press Release 03/06/2018.