Around the industry: Stanford University receives its largest-ever individual donation

Bite-sized college and higher education industry news

  • California: Stanford University has received a $400 million donation from Nike co-founder Philip Knight, marking the largest individual cash donation in the school's history. According to the university, the gift will be part of a $750 million endowment to create a "graduate-level scholarship designed to prepare a new generation of global leaders." The first group of students, whose education will be funded for three years, will begin their studies in 2018 (Thomason, "The Ticker," Chronicle of Higher Education, 2/24).
  • Massachusetts: Faculty dorm leaders at Harvard University who were previously referred to as "masters" will now be called "faculty deans," in light of concerns about racially charged language. College officials received complaints that the title "master" had historical ties to slavery. Dean of the Faculty of Arts and Sciences Michael Smith says while he has not seen a direct connection between the "master" title and slavery, he says "dean" is more fitting of the position (AP/New York Times, 2/25).
  • Texas: University of Texas at Austin Dean of Architecture Fritz Steiner announced Thursday that he will leave the school, largely because of the state's impending campus carry law. "I would have never applied for another job if not for campus carry," Steiner said in an interview. "I felt that I was going to be responsible for managing a law I didn't believe in." He will serve as dean of the University of Pennsylvania School of Design beginning July 1 (Watkins, Texas Tribune, 2/25). 

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