Around the O has the excellent news here:
“This terrific support from Steve Raymund, one of our most innovative and successful alumni, will have an immediate effect,” said Michael H. Schill, UO president and professor of law. “We are inspired by his confidence in our mission and grateful for his personal involvement in realizing our vision for the university.” Raymund, a 1978 economics graduate, will become UO Foundation chair this fall. “I want to help boost the university’s overall excellence,” Raymund said. “More than ever, the university is in charge of its own fate. When you believe in the management, you want to fund their vision.” Over time, the gift will provide $4.5 million to support doctoral students in every academic department. Schill said the entering class of 11 Raymund Fellows arrive this fall. “Steve is answering a critical need with this gift, because a strong Ph.D. program is one of the key components to being a research university,” Schill said. “We compete head-to-head for these students with our AAU peers like Berkeley and Chicago. We’re increasing the size of our faculty, and we will need to bring on great doctoral students for each professor that we hire.”
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