5thAvenueVik
Active member
Phil Knight gives $100M to Oregon. He has a fortune valued at about $5.0B. So how long does it take his invested fortune (working for him---less taxes) to earn it all back for him? If his wealth earns some 12 percent a year after taxes, then it takes about 2 months (time value of money). Vast amounts tend to garner higher rates of interest.
Though an alum of Oregon and Stanford, Phil Knight has three connections to Portland State: (1) He ran his original business, Blue Ribbon Sports, and had the good fortune to discover the Nike Swoosh design, while teaching accounting in Shattuck Hall at PSU, (2) His wife, Penny Knight, is a Portland State alum---she may have a soft spot in her heart for helping our underdog, darkhorse university, and (3) the originator of the Nike Swoosh design, Carolyn Davidson, is also a Portland State alum, an art student at the time .
So Portland State is the place that employed him during his business incubation years, provided his wife's higher education and produced the art student who designed his now world-famous company logo.
Portland State doesn't require $200M for a new basketball arena---it needs about one-third as much---about $67M. He could name the arena in honor of both his wife and Carolyn Davidson, perhaps with a copper alloy statue out front depicting the moment in time when he first approached Carolyn Davidson in the hallway of Shattuck Hall to discuss her drawing the now world-famous symbol. Call it "Knight-Davidson Arena", perhaps, in honor of these two honored alumna held in significance by Phil Knight's legacy.
Though an alum of Oregon and Stanford, Phil Knight has three connections to Portland State: (1) He ran his original business, Blue Ribbon Sports, and had the good fortune to discover the Nike Swoosh design, while teaching accounting in Shattuck Hall at PSU, (2) His wife, Penny Knight, is a Portland State alum---she may have a soft spot in her heart for helping our underdog, darkhorse university, and (3) the originator of the Nike Swoosh design, Carolyn Davidson, is also a Portland State alum, an art student at the time .
So Portland State is the place that employed him during his business incubation years, provided his wife's higher education and produced the art student who designed his now world-famous company logo.
Portland State doesn't require $200M for a new basketball arena---it needs about one-third as much---about $67M. He could name the arena in honor of both his wife and Carolyn Davidson, perhaps with a copper alloy statue out front depicting the moment in time when he first approached Carolyn Davidson in the hallway of Shattuck Hall to discuss her drawing the now world-famous symbol. Call it "Knight-Davidson Arena", perhaps, in honor of these two honored alumna held in significance by Phil Knight's legacy.