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Knight, MBA ’62, will give $105 million to Stanford GSB. It is believed to be the largest gift ever given to a business school.</p> <p>The majority of the gift — $100 million — will be used to construct a new $275 million campus for the school, to be named the Knight Management Center. Concept and site approval for the collection of eight buildings to be set around three quadrangles on the Stanford campus were given by the Stanford University Board of Trustees on June 15. After raising the balance of needed funds for the campus, the School plans to break ground on the new management center in 2008. The remaining $5 million of the Knight gift will be used to match other donors' gifts for faculty endowment.</p> <p>“Phil Knight has once again shown the depth of his commitment to Stanford’s future,” said Stanford University President John Hennessy. “The enormous generosity of this gift will enable the Stanford GSB to create a truly unique environment for its graduate programs and enrich Stanford’s efforts to encourage multidisciplinary teaching and research that transcends traditional boundaries. We are most grateful for this vote of confidence from Phil and look forward to the extraordinary intellectual innovation I'm certain this gift will foster.”</p> <p>Knight’s commitment comes just weeks after the Graduate School of Business faculty adopted plans for sweeping changes in the school’s MBA curriculum to be implemented in the fall of 2007.</p> <p>The MBA Program redesign builds on the School’s small size to create a highly personalized educational experience with more seminars and varied classes for students. ”A new curriculum, increased integration with the University, and a new campus: This is a very exciting time for the Business School,” said Robert L. Joss, the Philip H. Knight Professor and Dean of the Graduate School of Business. “Phil’s commitment is the linchpin which will allow us to create a physical environment to support new methods of teaching management and leadership while also inviting more collaboration from across Stanford.”</p> <p>The Knight Management Center design will include more flexible classroom space for the greater number of small classes and seminars the school will offer. The new campus is also designed to support more interaction with University faculty and students, including facilities for cross-disciplinary classes and lectures. “Stanford Business School was an important part of my life,” said Knight. “This is a once-in-a-lifetime chance to give back to the School and help it continue to push the boundaries of excellence in management education.”</p> <p>The center plans include a 450-seat auditorium, classrooms, breakout study rooms, dining facilities, a career management center, executive education space, and faculty and staff offices. It will be outfitted with state-of-the-art instructional technology. When completed, the center is expected to comprise approximately 340,000 square feet. This will replace the current 255,000 square feet of outdated Business School facilities, resulting in a net additional 85,000 square feet occupied by the School on the Stanford campus.</p> <p>Knight previously has contributed substantial support to the University, including funds for the dean’s professorship, construction of the school’s Knight Building in 1999, and gifts to the Department of Athletics, Physical Education and Recreation.</p> </div><div class="field field-name-social-buttons-bottom field-type-ds field-label-hidden"><div class="item-list"><ul class="gsb-social-buttons"><li class="first"><div class="sharrre-twitter" data-text="Nike Founder Phil Knight to Give $105 Million to Stanford GSB" data-title="Twitter"></div></li> <li><div class="sharrre-linkedin" data-url="https://web.archive.org/web/20180611001044oe_/http://stanford.io/ZnhUAR" data-text="" data-title="LinkedIn"></div></li> <li><div class="sharrre-facebook" data-url="https://web.archive.org/web/20180611001044oe_/http://stanford.io/ZnhUAR" data-text="" data-title="Facebook"></div></li> <li class="last"><div class="sharrre sharrre-email" data-url="https://web.archive.org/web/20180611001044oe_/http://stanford.io/ZnhUAR" data-text="" data-title="Email"> <div class="box"><a class="share" href="https://web.archive.org/web/20180611001044/mailto:/?subject=From%20Stanford%20Business%3A%20Nike%20Founder%20Phil%20Knight%20to%20Give%20%24105%20Million%20to%20Stanford%20GSB&body=http://stanford.io/ZnhUAR" target="_blank"><span>Email</span></a></div> </div></li> </ul></div></div><div class="short-url-wrapper field field-name-field-link-single field-type-link-field field-label-hidden"><span class="share-label">Share this</span><div class="short-url">http://stanford.io/ZnhUAR</div></div><div class="media-inquiries">For media inquiries, visit the <a href="https://web.archive.org/web/20180611001044/http://www.gsb.stanford.edu/newsroom">Newsroom</a>.</div><div class="view view-gsb-announcement-school-listing view-id-gsb_announcement_school_listing view-display-id-entity_view_1 view-dom-id-33a3f9c15eb4a1178083a981ee271f24"> <h2 class="title">Explore More</h2> <div class="view-content"> <div class="views-row views-row-1 views-row-odd views-row-first"> <div class="ds-2col node node-school-story view-mode-news_listing"> <div class="left second-column"> <div class="field field-name-field-date field-type-datetime field-label-hidden"><span class="date-display-single">June 8, 2018</span></div><span class="media-icon Written"><span class="element-invisible">Written</span></span><div class="field field-name-title field-type-ds field-label-hidden"><h3><a href="/web/20180611001044/https://www.gsb.stanford.edu/stanford-gsb-experience/news-history/beth-berger-mba-18-dreaming-big-then-dreaming-bigger">Beth Berger, MBA ’18: Dreaming Big, Then Dreaming Bigger</a></h3></div><div class="field field-name-field-editorial-summary field-type-text-long field-label-hidden">She came to business school to learn about leadership, expecting to return to product management at a large tech company. She’s leaving as a CEO.</div> </div> <div class="right"> <div class="field field-name-field-image-key-image field-type-image field-label-hidden"><a href="/web/20180611001044/https://www.gsb.stanford.edu/stanford-gsb-experience/news-history/beth-berger-mba-18-dreaming-big-then-dreaming-bigger"><img src="https://web.archive.org/web/20180611001044im_/https://www.gsb.stanford.edu/sites/gsb/files/styles/170x100/public/photo-ss-beth-berger.jpg?itok=m-05heig" alt="Beth Berger, MBA ’18| Kiefer Hickman"/></a></div> </div> </div> </div> <div class="views-row views-row-2 views-row-even"> <div class="ds-2col node node-school-story view-mode-news_listing"> <div class="left second-column"> <div class="field field-name-field-date field-type-datetime field-label-hidden"><span class="date-display-single">June 8, 2018</span></div><span class="media-icon Written"><span class="element-invisible">Written</span></span><div class="field field-name-title field-type-ds field-label-hidden"><h3><a href="/web/20180611001044/https://www.gsb.stanford.edu/stanford-gsb-experience/news-history/paul-oyer-economics-behind-luck">Paul Oyer: The Economics Behind Luck</a></h3></div><div class="field field-name-field-editorial-summary field-type-text-long field-label-hidden">A labor economist examines firms, workers, and how seemingly random variables lead to major impact.</div> </div> <div class="right"> <div class="field field-name-field-image-key-image field-type-image field-label-hidden"><a href="/web/20180611001044/https://www.gsb.stanford.edu/stanford-gsb-experience/news-history/paul-oyer-economics-behind-luck"><img src="https://web.archive.org/web/20180611001044im_/https://www.gsb.stanford.edu/sites/gsb/files/styles/170x100/public/ss-oyerprofile-1630.jpg?itok=dn5ZbYWM" alt="Paul Oyer and his flat-coated retriever, Josie | Photo by Tricia Seibold"/></a></div> </div> </div> </div> <div class="views-row views-row-3 views-row-odd views-row-last"> <div class="ds-2col node node-school-story view-mode-news_listing"> <div class="left second-column"> <div class="field field-name-field-date field-type-datetime field-label-hidden"><span class="date-display-single">May 30, 2018</span></div><span class="media-icon Written"><span class="element-invisible">Written</span></span><div class="field field-name-title field-type-ds field-label-hidden"><h3><a href="/web/20180611001044/https://www.gsb.stanford.edu/stanford-gsb-experience/news-history/aldo-monteforte-ms-05-drivers-ed-steers-auto-technologies">Aldo Monteforte, MS ’05: Driver’s Ed Steers an Auto Technologies Executive Into the Winner’s Circle</a></h3></div><div class="field field-name-field-editorial-summary field-type-text-long field-label-hidden">New skills gained through the master’s program for experienced leaders help him to strengthen one company, then launch another.</div> </div> <div class="right"> <div class="field field-name-field-image-key-image field-type-image field-label-hidden"><a href="/web/20180611001044/https://www.gsb.stanford.edu/stanford-gsb-experience/news-history/aldo-monteforte-ms-05-drivers-ed-steers-auto-technologies"><img src="https://web.archive.org/web/20180611001044im_/https://www.gsb.stanford.edu/sites/gsb/files/styles/170x100/public/photo-ss-aldo-2.jpg?itok=TVa_vu4p" alt="Aldo Monteforte, MS ’05 | The Floow Ltd."/></a></div> </div> </div> </div> </div> </div> </div> </div> <div class="group-right"> <div class="media-toolkit"><div class="ds-1col fieldable-panels-pane green-bar view-mode-full"> <div class="field field-name-field-title field-type-text field-label-hidden"><div class="field-items"><div class="field-item even">Learn More</div></div></div><div class="collapsible field-group-div speed-fast effect-none"> <h3><span class="field-group-format-toggler"></span></h3> <div class="field-group-format-wrapper" style="display: block;"><div class="field field-name-field-link-unlimited field-type-link-field field-label-hidden"><div 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