funding will come from state bonds and philanthropic support. Contrary to media reports the Knight gift is a lead gift and is not contingent on matching funds. In March 2018, it was announced that the State of Oregon will issue $70 million in bonds to fund the campuses' construction. In March 2018, it was announced that Lorry Lokey will contribute $10 million towards endowed faculty chairs. In June 2018, the Robert J. DeArmond Trust made a $10 million gift to endow a research fund for the Robert and Leona DeArmond Executive Director of the Phil and Penny Knight Campus for Accelerating Scientific Impact. In 2021, the Knights made a second $500 million gift. References External links Official website of the Knight Campus Research institutes in Oregon University of Oregon