Philip H. Knight Chairs and Professorships

Philip H. Knight endowed chairs and professorships were established at the University of Oregon in 1996, when Penny and Phil Knight donated US$15 million for 27 endowed chairs and professorships, "to provide academic areas with a source of funds for recruiting and retaining faculty of superior academic quality". Chairs and professorships must be awarded on merit only, not longevity.

Source: Wikipedia — Philip H. Knight Chairs and Professorships (CC BY-SA 4.0)