Record-Breaking Gift: Phil Knight Donates $2 Billion to Cancer Research


What’s Happening:

Nike co-founder Phil Knight, alongside his wife Penny, has pledged a record-setting $2 billion to the Knight Cancer Institute at Oregon Health & Science University (OHSU) — the largest single donation ever made to a U.S. university or academic health center.

Why It Matters:

  • This monumental gift allows the Knight Cancer Institute to become a self-governing entity within OHSU, expanding its reach in precision cancer research and patient care. 
  • The funds will bolster comprehensive support services—such as genetic and psychological counseling, survivorship programs, nutrition, and treatment innovations—and significantly expand clinical trials and foundational research. 
  • It surpasses Michael Bloomberg’s previous record: a $1.8 billion donation to Johns Hopkins University in 2018. 

Impact Highlights:

  • The donation cements Phil Knight’s legacy not just as a business icon, but as a transformative benefactor in healthcare and academic support, particularly in his home state of Oregon. 
  • With this latest pledge, the Knights’ cumulative contributions to OHSU alone exceed $600 million since 2008. 

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