Nike co-founder Phil Knight to donate $ 2 billion to the Knight Cancer Institute of OHSU
Phil Knight
Matthew Staver | Bloomberg | Getty pictures
Nike Co-founder Phil Knight donates $ 2 billion to the Knight Cancer Institute of the Oregon Health and Science University, the greatest donation ever to a US university, a college or a health facility, according to the Knight Foundation.
The foundation announced on Thursday with the gift that is used to shift the scientific approach for cancer treatment, research and the results of patient care.
As part of the gift, the knights with the pioneer of Cancer Research Dr. Work together Brian Druker.
A decade ago, Druker and OHSU assumed a challenge to collect $ 500 million for cancer research, and the knights that were registered to achieve the dollar-for-dollar value.
“We are grateful for the opportunity to exchange the next stage of the revolutionary vision of cancer research, diagnosis, treatment, care and eventually led by Druker,” said Phil and Penny Knight in an explanation. “We couldn't be excited about the transformation potential of this work for humanity.”
Phil and Penny Knight with Dr. Brian Druker from Ohsu Knight Cancer Institute.
With the kind permission of the OHSU Knight Cancer Institute.
Knight's luck comes from his success with the Swoosh, the company he founded in 1964.
The business, which was originally called Blue Ribbon Sports, began humbly, and knights sold sneakers from the trunk of his car when he told “shoe dog” in his memoir in 2016.
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Nike went to the stock exchange in December 1980 and quickly became the most dominant sneaker brand that worked with some of the best athletes throughout the sport.
During the term of Knights at the stock corporation from its IPO to his retirement in June 2016, the Nike shares rose by almost 30,500%.
Although Nike Stock decreased more than 50% from its peak for a few painful years at the end of 2021, it is still the most valuable listed company in sports shoes worth more than 110 billion US dollars.
The knights can be found regularly in lists of the top philanthropes. In May, the Time Magazine estimated its lifespan of 3.6 billion US dollars, including 370 million dollars, which were talented in 2024 alone.
According to the latest tax documents from the Knight Foundation, the foundation held more than 5 billion US dollars at the end of 2023.
“I wanted to build something that was my own, something I could point out and say: I did it. It was the only way I saw to make life meaningful,” said Knight in his memoir in 2016.
Correction: The heading of this story has been updated to correct that Phil Knight donated to the Knight Cancer Institute of the Oregon Health and Science University. The institution incorrectly stated an earlier version.
