Stanford GSB announced today that Nike founder Phil Knight, (Stanford MBA ’62) will give $105 million to his alma mater. The majority of the money ($100 million) will go towards construction of a new $275 million b-school complex consisting of eight buildings to be set around three quadrangles and called the Knight Management Center.
According to the announcement, "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 recently revamped its curriculum, which will emphasize a more flexible and individualized approach to management education and small-group learning. The new facility is geared to this new approach. It will also integrate the business school into the larger Stanford University community.
Stanford GSB plans to break ground on the new facility in 2008.