The University of Oregon has announced a $5 million pledge from an alumnus who wishes to remain anonymous to establish a fund focused on helping students cover unexpected expenses.
The Student Emergency Fund will include funding to assist students immediately and resources for an endowment to provide funding in perpetuity. Unlike an emergency fund established by UO parents in 2018, the new fund will be able to address students' academic costs as well as unexpected expenses such as rent, groceries, and medical bills.
"During this unprecedented year, our students faced myriad financial hardships due to COVID-19," said Kris Winter, the university's associate vice president and dean of students. "We are tremendously grateful to this donor for helping us remove financial barriers and keep more students on track to graduate on time."