logo
Schnitzer family donates ‘landmark' $25M to University of Oregon global studies program

Schnitzer family donates ‘landmark' $25M to University of Oregon global studies program

Yahoo14-05-2025
PORTLAND, Ore. (KOIN) – The University of Oregon announced a 'landmark' $25 million donation from the Schnitzer family on Tuesday — aiming to bolster the school's global impact.
The donation was led by Portland real estate developer, and UO alumnus, Jordan Schnitzer along with the Harlod & Arlene Schnitzer CARE Foundation — marking the largest-ever commitment to UO's College of Arts and Sciences.
With the $25 million, the school is launching advancements in global education and research, while aiming to become one of the top schools for international studies.'The challenges facing our world today are vast and complex,' UO President Karl Scholz said. 'Solutions will require bold ideas, cross-disciplinary collaboration and thoughtful dialogue. This incredible gift from the Schnitzer family will be a powerful catalyst, empowering our faculty, students and staff to address these critical issues. We are deeply grateful for this partnership, which strengthens the UO's role as a trailblazer in fostering critical inquiry, logical reasoning, effective communication, creative action and ethical leadership on a global scale.'
In recognition of the investment, University of Oregon's School of Global Studies and Languages will be renamed the Schnitzer School of Global Studies and Languages.
The school said the investment will help students 'tackle the world's most challenging problems,' in part, by funding the new Center for Global Futures. The school describes the center as a hub for scholars and experts dedicated to understanding and educating others on ways to address challenges around the world.
Other initiatives supported by the Schnitzer donation include lectures from renowned speakers discussing topics of global significance, annual conferences, a visiting scholars-in-residence program for scholars, experts and international journalists to collaborate on 'cutting-edge research' and the Harold Schnitzer Scholar Prize, to honor excellence in global research.
'At this moment of world history, the importance of the school cannot be overstated,' said Aneesh Aneesh, a professor of global studies and executive director of the Schnitzer School. 'Caught between the forces of globalization and still-resilient communal loyalties, every society is facing contradictory pulls on its social fabric. Whether graduates of the Schnitzer School are employed in foreign service, NGOs, think tanks, global businesses or the public sector, they will help light up the path forward in a divided world. They will be our contribution to the global public good.'
The NBA's Portland Trail Blazers are going up for sale
The donation will additionally help the program create a new major in international relations, offer awards to attract and retain faculty in global studies and languages, and support a tenure-track senior scholar. The funds will also support graduate students' research and teaching and will grow the doctoral student population at the Schnitzer School.
The donation from Harold and Arlene Schnitzer — and their son Jordan Schnitzer — adds to the family's philanthropic legacy, including support for UO. Jordan previously gifted a renovation to UO's art museum, which was later renamed the Jordan Schnitzer Museum of Art.
'We are delighted that the school will be named in honor of the Schnitzer family, given their long commitment to social causes, philanthropy, and business,' said Chris Poulsen, the Tykeson Dean of the College of Arts and Sciences. 'Their investment will be transformative for the new school and will make possible new global experiences and engagement for our students and faculty.'
'Today, it does not matter what business you're in or who you work for. It's a global world,' Jordan Schnitzer said. 'This world is facing challenges that we have not seen for decades. I do not have the answers to eliminate hunger or end religious, ethnic or political disputes. What I do know is that we need young leaders who are prepared to make the world a better place.'
The Schnitzer School will still be based in Friendly Hall on the university's Eugene campus after a major renovation, which is slated to begin in late summer.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

‘Things aren't good': Prominent Portland businessman says Intel layoffs will impact all of Oregon
‘Things aren't good': Prominent Portland businessman says Intel layoffs will impact all of Oregon

Yahoo

time16-07-2025

  • Yahoo

‘Things aren't good': Prominent Portland businessman says Intel layoffs will impact all of Oregon

PORTLAND, Ore. (KOIN) — A prominent Portland businessman says will have ripple effects throughout the entire state. Jordan Schnitzer says it could have a big impact on his company , one of the West Coast's Top 10 private real companies, according to their website. Intel is Oregon's largest private employer, with more than 22,000 workers. Intel says 529 of those workers will lose their jobs at facilities in Hillsboro and Aloha starting July 15. The cuts are part of a 20% company-wide reduction in staff for Intel, once the world's leading maker of semiconductors. With the advancement of AI, Intel has lost much of its technological advantage and market share. 'We have one new tenant moving into an industrial project in Sherwood called Olympus Controls. They make automated equipment for Intel. I don't know whether this layoff affects them directly. But these things aren't good. We need to realize that those 529 people being let go… They have kids in school. They go to movies. They buy groceries. They go to recreation places. We can't afford to lose one single job in this state,' Schnitzer said. Schnitzer says the layoffs at Intel are not necessarily related to Oregon's business and tax climate. But he says the state needs to be more business-friendly to avoid losing businesses and population in the future, especially in Portland and Multnomah County. Despite the layoffs, Schnitzer is still optimistic about the state's future. 'As long as they don't move Mt. Hood or the ocean…Oregon will remain a great place to live and raise families,' he said. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Florida man sentenced to over four years for embezzling $5.8M from employer
Florida man sentenced to over four years for embezzling $5.8M from employer

Yahoo

time06-06-2025

  • Yahoo

Florida man sentenced to over four years for embezzling $5.8M from employer

BOSTON (WWLP) – A Florida man who served as a finance director has been sentenced to more than four years in federal prison for embezzling over $5.8 million from his employer, prosecutors announced Thursday. Ten arrested in multi-location drug bust in Holyoke Paul Schnitzer, 52, of Clermont, Fla., was sentenced in U.S. District Court in Boston to 54 months in prison and three years of supervised release. Schnitzer was also ordered to pay $5,831,829 in restitution and forfeit assets he acquired through his scheme, including the balances of two financial accounts, subscription ownership shares in certain artwork, and up to $50,000 in cash held with luxury jeweler Bulgari. Federal prosecutors said Schnitzer carried out the fraud between January 2022 and May 2024 while working as the finance director of a Florida-based company owned by a Massachusetts investment firm. Over that period, he made more than 100 unauthorized transfers from the company's operating account into his personal bank account. Many of the transfers were falsely labeled as 'equity distributions,' according to court documents. To conceal the theft, Schnitzer used a company line of credit to replace stolen funds and further siphon money into his own account. Prosecutors said he also submitted falsified financial reports showing inflated cash balances to the company's owners and went so far as to spoof email addresses, posing as representatives from the company's bank and customers to mislead auditors. Schnitzer was initially released while awaiting trial, but was arrested again in June 2024 after he removed his court-ordered location monitoring device. He was later found to have used a company credit card to make more than $10,000 in unauthorized purchases in August 2024. Schnitzer pleaded guilty in the case earlier this year. WWLP-22News, an NBC affiliate, began broadcasting in March 1953 to provide local news, network, syndicated, and local programming to western Massachusetts. Watch the 22News Digital Edition weekdays at 4 p.m. on Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store